Vitalik Buterin Lex Fridman 2023

Not really having the total of capital…Vitalik Buterin Lex Fridman… so with anything that you’re discovering please do study the platform do not just presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you actually get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they have actually made profit 14 months in a row purchase these choices due to the fact that you think is the ideal ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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 option to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means 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 fees included truly crucial you understand what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no fee sites then might not charge you for in fact buying and selling funds or etfs specific commodities specific stocks.

there’ll be charges 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 show you the costs with in particular in this video the next would be things to understand before you in fact start buying copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with fees really essential to comprehend these now on there’s a number of costs there isn’t charges to do with in fact buying and selling fine so commission fees are free however there are a couple of other fees the first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.

and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell your shares you offer your products 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those options that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you know depends entirely how you’re investing however that is a charge to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that matches me.

a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually offering you in terms of 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 excellent aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good using that part of their website will not definitely limit you in any way nevertheless we have to understand two other charges the very first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you Vitalik Buterin Lex Fridman.

You are provided many choices with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market but do not understand which system to pick, then this may be precisely what you require.

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