Not in fact having the total of capital…Moving Crypto From Etoro To Binance… so with anything that you’re finding out about please do study the platform don’t just 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 money they consider that choice as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row invest in these choices due to the fact that you believe is the right 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 comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
popular for it’s the alternative to see what other traders are doing amazing 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 implies with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they sell whatever they do your money 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 charges involved really vital you understand what are the expenses of this now with any platform there will be some cost to clearly 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 a few of the zero cost websites then might not charge you for in fact buying and selling funds or etfs specific products individual stocks.
there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you actually start investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with charges truly essential to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling all right so commission fees are free however there are a couple of other fees the first one is withdrawal fees so you can clearly put money in now if you’re 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 however when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount 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 certain that i’m only withdrawing when i absolutely require to now you might state okay that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those choices that they have a great deal of platforms obviously are complimentary 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 six months you understand depends totally how you’re investing but that is a charge to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that suits me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading two and two open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists 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 say offer me us dollars instead you have to pay their costs now the great feature of however when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary 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 charges so that’s actually great using that part of their website will not definitely restrict you in any way however we need to understand two other charges the first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you Moving Crypto From Etoro To Binance.
You are given many options with this software application and you can configure it nevertheless you see fit. If you’re looking to begin trading the forex market but don’t understand which system to select, then this may be precisely what you need.