Not in fact having the total of capital…Bitboy Crypto Email… so with anything that you’re finding out about please do study the platform do not just presume because 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 consider that option also so you really get used to the structure of the site and after that 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 risk this is investing we’re doing you’re buying real business if you select to in this specific video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that person has stated they have actually made earnings 14 months in a row invest in 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 comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
well-known for it’s the option to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can really say i want to do precisely what that trader is doing or match that specific portfolio of options and generally each time they make a trade they buy they offer whatever they do your cash will be imitated 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 likewise cover is the charges included really important you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then may not charge you for really buying and selling funds or etfs individual commodities individual stocks.
there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually crucial to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling fine so commission charges are free however there are a number of other costs the very first one is withdrawal costs so you can obviously put cash 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 later on but when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum quantity 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 sure that i’m only withdrawing when i definitely require to now you may state okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply one of those alternatives that they have a great deal of platforms certainly are free 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 6 months you understand depends entirely how you’re investing however that is a cost to keep in mind the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s fine that fits me.
a lot 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 fee now when you use anyone so if you’re using trading two and two open market anybody this is standard they have i suppose stuck to whatever charge 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 cost exists what are they in fact providing 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 give me us dollars instead you have to pay their fees now the excellent aspect of though when you have actually converted your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great utilizing that part of their site will not certainly limit you in any way however we have to be aware of 2 other costs the very first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to show you Bitboy Crypto Email.
You are provided numerous options with this software and you can configure it however you see fit. If you’re looking to begin trading the forex market however do not understand which system to select, then this may be exactly what you require.