Vitalik Buterin Thiel Fellowship 2023

Not really having the full amount of capital…Vitalik Buterin Thiel Fellowship… so with anything that you’re learning about please do study the platform do not just assume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made revenue 14 months in a row invest in these choices because you think is the ideal ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding 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 choice to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that indicates if for instance 10 of their financial 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 charges included really crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are real 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 no fee sites then may not charge you for actually buying and selling etfs or funds individual commodities private stocks.

there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 prior to you in fact start purchasing copy trading or copy portfolios and lastly some finest suggestions best 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 important to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling fine so commission fees are free however there are a number of other charges the very first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk cash.

and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say alright that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those options that they have a great deal 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 maybe 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 fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine that suits me.

a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they really giving 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 state offer me us dollars rather you need to pay their costs now the great thing about though when you have actually transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates 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 additional costs so that’s actually great utilizing that part of their site will not definitely restrict you in any way however we need to be aware of two other fees the very first being what’s called spread fees okay and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you Vitalik Buterin Thiel Fellowship.

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