Not in fact having the full amount of capital…Etoro Send Crypto To Another Wallet… so with anything that you’re finding out about please do study the platform do not simply presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you actually get used to the structure of the website and then when you’re ready to use 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 investing in real companies if you select to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you and that being said 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 aspect that is most likely.
famous for it’s the option to see what other traders are doing incredible we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that means if for example 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 involved truly important you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real 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 zero fee sites then might not charge you for really buying and selling funds or etfs specific commodities individual stocks.
there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees 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 lastly some best recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with fees really crucial to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission charges are complimentary however there are a number of other costs the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.
and it’s automatically converted into us dollars and i’ll cover a little point about that later on 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 understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state all right that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those options that they have a great deal of platforms obviously are totally free 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 understand depends completely how you’re investing but that is a fee to remember the 2nd charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy 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 purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost exists what are they really providing 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 rather you have to pay their fees now the great thing about however when you have actually converted your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent using that part of their website won’t certainly limit you in any way however we have to be aware of two other fees the very first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you Etoro Send Crypto To Another Wallet.
You are given lots of alternatives with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market however do not understand which system to choose, then this might be exactly what you need.