Not actually having the full amount of capital…Does Vitalik Own Bitcoin… so with anything that you’re discovering please do study the platform don’t simply assume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative also so you really get utilized to the structure of the site and after that 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 investing in genuine business if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something because that person has stated they’ve made earnings 14 months in a row purchase these choices because you believe is the right ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
popular for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for example 10 of their financial 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 costs involved truly crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no cost websites then might not charge you for actually buying and selling etfs or funds individual commodities private stocks.
there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with charges really crucial to comprehend these now on there’s a number of charges there isn’t costs to do with in fact buying and selling okay so commission costs are free nevertheless there are a couple of other fees the first one is withdrawal charges so you can certainly 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 however when you wish to withdraw your money so you offer your shares you sell your commodities 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 knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just one of those choices that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you know depends entirely how you’re investing but that is a fee to remember the second charge that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that matches me.
a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps 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 two and two free trade anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists 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 offer me us dollars instead you need to pay their costs now the fantastic feature of though when you have actually converted your money you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their site will not certainly restrict you in any way however we have to understand 2 other charges the first being what’s called spread costs fine and i’m going to show you what i mean on now a spread fee as i’m going to reveal you Does Vitalik Own Bitcoin.
You are given numerous options with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market however don’t understand which system to pick, then this might be precisely what you require.