Not in fact having the full amount of capital…Bitboy Crypto Token Metrics… so with anything that you’re learning about please do study the platform don’t simply presume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you actually get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not just do something because that person has stated they have actually made revenue 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you and that being stated let’s dive directly 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 incredible we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included really critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no cost sites then may not charge you for really buying and selling funds or etfs private products individual stocks.
there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 know prior to you in fact start purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with costs actually essential to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling fine so commission costs are totally free however there are a number of other fees the first one is withdrawal fees so you can certainly put money in now if you remain in the uk we put our uk cash.
and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you offer your products 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 need to now you may state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends entirely how you’re investing but that is a charge to remember the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that suits me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps 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 utilizing trading 2 and 2 open market 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 want to use their platform go from uk to us then that conversion fee is there what are they actually giving 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 say provide me us dollars rather you need to pay their fees now the excellent thing about though 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 means the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great utilizing that part of their site will not certainly restrict you in any way however we have to be aware of two other charges the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you Bitboy Crypto Token Metrics.
In general, traders who use EToro in Trading 212 will discover it to be among the best and easiest platforms to use. You are offered many choices with this software and you can configure it nevertheless you choose. This makes it extremely flexible and user friendly. Plus, you get trading signals delivered right to you, which is a huge plus. So, if you’re wanting to begin trading the forex market but do not understand which system to choose, then this may be precisely what you require.