Not actually having the total of capital…Bitboy Nft… so with anything that you’re discovering please do study the platform don’t simply presume since i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually said they have actually made revenue 14 months in a row purchase these options due to the fact that you think is the best ones for you and that being said let’s dive directly in [Music] so 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 aspect that is probably.
popular for it’s the alternative to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can in fact state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests 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 costs included actually critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly 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 some of the no cost websites then might not charge you for really buying and selling etfs or funds individual commodities individual 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 reveal you the charges with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs really important to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling okay so commission fees are free however there are a number of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk money.
and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you offer your shares you offer 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 naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just one of those options 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 largely it can be perhaps even once a year once every 6 months you know depends completely how you’re investing but that is a fee to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s great that fits 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 excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually giving you in regards to 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 need to pay their costs now the excellent aspect of however when you’ve transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial 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 fees so that’s really good utilizing that part of their website won’t certainly restrict you in any way however we need to understand two other charges the first being what’s called spread costs okay and i’m going to show you what i suggest on now a spread cost as i’m going to show you Bitboy Nft.
Overall, traders who utilize EToro in Trading 212 will find it to be one of the best and simplest platforms to utilize. You are given numerous alternatives with this software application and you can configure it nevertheless you please. This makes it extremely flexible and user friendly. Plus, you get trading signals delivered right to you, which is a big plus. So, if you’re seeking to start trading the forex market however don’t understand which system to pick, then this may be precisely what you require.