Not actually having the full amount of capital…Etoro Review Portugal… so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you actually get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has actually said they have actually made earnings 14 months in a row purchase these choices because you believe is the right ones for you and that being stated 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 element that is most likely.
well-known for it’s the option to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your money will be simulated 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 money in so we’re going to also cover is the charges included really critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly 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 a few of the no charge websites then might not charge you for in fact buying and selling funds or etfs individual commodities specific 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 kinds of fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you actually begin buying copy trading or copy portfolios and lastly some finest advice best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with fees really essential to comprehend these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling alright so commission fees are totally free however there are a couple of other costs the first one is withdrawal costs so you can certainly 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 but when you want to withdraw your money so you sell your shares you sell your products 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state okay that’s quite 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 among those alternatives that they have a lot of platforms certainly 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 when every 6 months you understand depends totally how you’re investing however that is a cost to remember the 2nd cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s fine that fits me.
a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state offer me us dollars rather you have to pay their charges now the terrific aspect of however when you have actually converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary 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 additional charges so that’s truly great utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to be aware of two other costs the very 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 show you Etoro Review Portugal.
In general, traders who utilize EToro in Trading 212 will find it to be among the best and most convenient platforms to use. You are given numerous choices with this software and you can configure it however you please. This makes it really versatile and easy to use. Plus, you get trading signals provided right to you, which is a huge plus. So, if you’re seeking to begin trading the forex market however don’t know which system to select, then this may be precisely what you need.