Not in fact having the total of capital…Bitboy Crypto Review Reddit… so with anything that you’re learning about please do study the platform don’t simply presume since i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you really 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 obviously your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something since that individual has said they have actually made earnings 14 months in a row purchase these options because you think 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 comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
popular for it’s the alternative to see what other traders are doing incredible we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really important you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee websites then might not charge you for actually buying and selling funds or etfs specific products specific stocks.
there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you in fact begin buying copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s start with fees truly crucial to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling okay so commission fees are complimentary however there are a number of other costs the very first one is withdrawal costs so you can certainly put money in now if you remain in the uk we put our uk cash.
and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those choices that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a cost to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact 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 give me us dollars instead you need to pay their costs now the terrific aspect of however when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent using that part of their site won’t certainly restrict you in any way however we have to be aware of two other charges the first being what’s called spread fees all right and i’m going to show you what i mean on now a spread cost as i’m going to show you Bitboy Crypto Review Reddit.
In general, traders who use EToro in Trading 212 will discover it to be one of the very best and simplest platforms to utilize. You are offered numerous options with this software application and you can configure it nevertheless you see fit. This makes it very versatile and easy to use. Plus, you get trading signals provided right to you, which is a big plus. If you’re looking to begin trading the forex market but do not know which system to pick, then this might be exactly what you need.