Not really having the full amount of capital…Michael Saylor Bitcoin Latest… so with anything that you’re finding out about please do study the platform do not simply presume due to the fact that i use 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 as well so you actually get utilized 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 of course your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you and that being stated let’s dive directly 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.
popular for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included actually critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no charge websites then might not charge you for really buying and selling etfs or funds private products individual 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 fees 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 before you really begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really crucial to understand these now on there’s a number of charges there isn’t fees to do with in fact buying and selling alright so commission charges 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 money.
and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those options that they have a great deal of platforms clearly 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 when every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and 2 open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 provide me us dollars rather you need to pay their charges now the great aspect of though when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their site won’t definitely limit you in any way however we need to understand 2 other fees the very first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to show you Michael Saylor Bitcoin Latest.
You are provided lots of alternatives with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market however don’t understand which system to choose, then this may be exactly what you require.