Not in fact having the total of capital…Stop Loss Etoro Crypto… so with anything that you’re learning more about please do study the platform don’t just presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you really get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real business if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something since that person has actually stated they’ve made profit 14 months in a row buy these options because you believe is the ideal ones for you which 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 probably.
popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they purchase they offer whatever they do your money will be imitated with it so that means 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 fees involved actually critical you understand what are the costs of this now with any platform there will be some cost to clearly 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 no fee sites then might not charge you for really buying and selling etfs or funds individual products private 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 sort 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 prior to you really begin investing in copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with fees really important to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling okay so commission charges are free nevertheless there are a number of other costs the first one is withdrawal fees so you can obviously 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 later on but when you wish to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those choices that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends completely how you’re investing however that is a cost to keep in mind the second fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that matches me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need 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 offering 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 instead you have to pay their fees now the terrific aspect of however when you’ve transformed your cash you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great using that part of their site won’t definitely restrict you in any way however we have to know two other costs the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you Stop Loss Etoro Crypto.
You are given lots of choices with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market however don’t know which system to pick, then this may be precisely what you need.