Not in fact having the full amount of capital…Vitalik Buterin Zug… so with anything that you’re learning more about please do study the platform don’t simply presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get used to the structure of the site and then when you’re ready to use 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 purchasing real business if you choose to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has actually said they’ve made profit 14 months in a row invest in these options because you believe is the right ones for you and that being said 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 aspect that is probably.
popular for it’s the option to see what other traders are doing unbelievable we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually vital you understand what are the costs of this now with any platform there will be some expense to clearly these are real business 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 fee websites then may not charge you for actually buying and selling etfs or funds specific products specific stocks.
there’ll be fees on other parts perhaps 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 understand before you actually begin investing in copy trading or copy portfolios and finally some finest advice 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 really crucial to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling okay so commission fees are free nevertheless there are a number of other fees the first one is withdrawal fees so you can undoubtedly put cash in now if you remain 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 but when you want to withdraw your money so you offer your shares you offer your products 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 obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing but that is a cost to keep in mind the second fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk and that’s great that matches me.
a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i expect 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 fee is there what are they actually 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 say offer me us dollars instead you need to pay their charges now the excellent aspect of though when you have actually converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site will not certainly limit you in any way nevertheless we have to be aware of 2 other fees the very first being what’s called spread costs okay and i’m going to show you what i imply on now a spread cost as i’m going to reveal you Vitalik Buterin Zug.
Overall, traders who utilize EToro in Trading 212 will find it to be one of the best and simplest platforms to use. You are given numerous alternatives with this software application and you can configure it however you see fit. This makes it extremely flexible and easy to use. Plus, you get trading signals delivered right to you, which is a huge plus. If you’re looking to start trading the forex market however do not know which system to select, then this may be precisely what you require.