Not in fact having the total of capital…Michael Saylor Keynote Bitcoin… so with anything that you’re finding out about please do study the platform don’t just presume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something because that individual has stated they’ve made revenue 14 months in a row buy these choices because you believe is the right ones for you which being stated let’s dive straight 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 aspect that is most likely.
famous for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for example 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 also cover is the costs involved truly critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
there’ll be fees on other parts possibly it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know prior to you in fact start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with charges truly important to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling fine so commission costs are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk cash.
and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell your shares you sell your commodities 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those choices that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends totally how you’re investing but that is a cost to bear in mind the 2nd charge that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that suits me.
a great deal of my stocks are us dollar stocks anyway 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 cost now when you utilize anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck with whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually offering 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 rather you have to pay their charges now the terrific aspect of however when you have actually converted your cash you do not have 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 extra charges so that’s actually excellent using that part of their site will not certainly limit you in any way however we need to be aware of two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you Michael Saylor Keynote Bitcoin.
You are provided many options with this software and you can configure it nevertheless you see fit. If you’re looking to start trading the forex market but don’t understand which system to choose, then this may be precisely what you require.