Vitalik Buterin Bitcoin Magazine 2023

Not really having the total of capital…Vitalik Buterin Bitcoin Magazine… so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that 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 cash they give that option also so you in fact get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something since that person has actually said they’ve made revenue 14 months in a row purchase these options since you think is the ideal ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.

popular for it’s the choice to see what other traders are doing amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that suggests if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved truly critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies 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 websites then might not charge you for actually buying and selling etfs or funds specific products specific stocks.

there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 before you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with costs truly important to understand these now on there’s a number of fees there isn’t charges to do with really buying and selling fine so commission charges are complimentary however there are a couple of other fees the first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.

and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you offer 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms obviously are complimentary 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 6 months you know depends totally how you’re investing but that is a charge to bear in mind the second fee that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that fits me.

a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two free trade anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really offering 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 say offer me us dollars rather you have to pay their charges now the great feature of however when you’ve transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests 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 costs so that’s really excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we have to understand 2 other fees the first being what’s called spread fees all right and i’m going to show you what i mean on now a spread charge as i’m going to reveal you Vitalik Buterin Bitcoin Magazine.

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