Not in fact having the full amount of capital…Etoro Copy Funds Review… so with anything that you’re learning about please do study the platform don’t just assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you in fact get used to the structure of the site and then when you’re ready to use your own money 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 buying real companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at danger and we have to bear that in mind do not simply do something because that individual has said they’ve made earnings 14 months in a row purchase these choices since you believe is the right ones for you and that being stated let’s dive straight in [Music] The 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 probably.
popular for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact state i want to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved really crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge websites then might not charge you for actually buying and selling etfs or funds private products individual stocks.
there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees truly essential to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission costs are free however there are a couple of other charges the very first one is withdrawal costs so you can obviously put money in now if you’re 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 in the future but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say all right that’s rather 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 charges are simply among those options that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to remember the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits me.
a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say give me us dollars rather you need to pay their charges now the excellent thing about however when you’ve transformed your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their site won’t definitely limit you in any way nevertheless we have to know two other fees the very first being what’s called spread costs alright and i’m going to show you what i mean on now a spread charge as i’m going to show you Etoro Copy Funds Review.
You are offered numerous options with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market however do not understand which system to choose, then this might be precisely what you require.