Not in fact having the full amount of capital…Etoro Germany Review… so with anything that you’re learning about please do study the platform don’t simply presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you actually get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying real business if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row purchase these choices due to the fact that 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 becomes part of social trading which is one element that is probably.
famous for it’s the choice to see what other traders are doing incredible we don’t usually 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 actually state i wish to do precisely what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for instance 10 of their financial 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 fees included really crucial you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost websites then may not charge you for really buying and selling etfs or funds specific commodities 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 type of charges 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 in fact begin buying copy trading or copy portfolios and finally some best 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 truly important to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission fees are totally free nevertheless there are a couple of other charges the very 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 wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity 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 absolutely need to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms certainly are 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 as soon as every 6 months you understand depends totally how you’re investing but that is a cost to remember the 2nd charge that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that fits me.
a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even 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 using trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really giving you in terms of 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 provide me us dollars rather you need to pay their costs now the excellent aspect of though when you’ve transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests 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 extra costs so that’s really good using that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other costs the first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you Etoro Germany Review.
You are provided numerous choices with this software and you can configure it nevertheless you see fit. If you’re looking to begin trading the forex market but don’t know which system to select, then this may be exactly what you require.