Not really having the total of capital…Bittboy Kaufen… so with anything that you’re learning about please do study the platform don’t just presume since 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 consider that option also so you in fact get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they’ve made earnings 14 months in a row buy these options because you think is the best ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
popular for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your money will be imitated with it so that implies 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 also cover is the costs included truly critical you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge sites then may not charge you for really buying and selling etfs or funds specific 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 costs 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 know prior to you really start buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really important to understand these now on there’s a couple of fees there isn’t fees to do with actually buying and selling okay so commission fees are free however there are a number of other costs the first one is withdrawal charges so you can clearly put money in now if you’re in the uk we put our uk cash.
and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply one of those alternatives that they have a lot of platforms clearly are 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 as soon as every six months you understand depends entirely how you’re investing but that is a charge to bear in mind the 2nd cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches me.
a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great 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 anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there 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 say provide me us dollars rather you have to pay their costs now the fantastic aspect of however when you have actually transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates 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 utilizing that part of their site won’t definitely restrict you in any way however we have to be aware of two other fees the very first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you Bittboy Kaufen.
In general, traders who use EToro in Trading 212 will find it to be among the very best and simplest platforms to utilize. You are offered lots of alternatives with this software and you can configure it nevertheless you choose. This makes it very flexible and easy to use. Plus, you get trading signals delivered right to you, which is a huge plus. If you’re looking to begin trading the forex market but don’t know which system to pick, then this might be exactly what you need.