Not in fact having the full amount of capital…What Crypto Does Etoro Support… so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that option as well so you actually get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something because that individual has stated they’ve made profit 14 months in a row purchase these choices due to the fact that you believe is the right ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically each time they make a trade they buy they offer whatever they do your money will be imitated with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved actually crucial you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no cost sites then might not charge you for actually buying and selling funds or etfs specific products specific stocks.
there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with fees truly important to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling okay so commission fees are complimentary nevertheless there are a number of other fees the very first one is withdrawal fees so you can obviously put cash in now if you remain in the uk we put our uk cash.
and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m only withdrawing when i definitely require to now you may state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a cost to remember the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that matches me.
a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they actually offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state provide me us dollars rather you have to pay their costs now the terrific feature of though when you’ve transformed your money you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to be aware of two other charges the very first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you What Crypto Does Etoro Support.
Overall, traders who use EToro in Trading 212 will discover it to be among the very best and easiest platforms to use. You are provided numerous alternatives with this software and you can configure it however you please. This makes it really versatile and easy to use. Plus, you get trading signals delivered right to you, which is a huge plus. If you’re looking to start trading the forex market however don’t understand which system to select, then this may be exactly what you require.