Not actually having the full amount of capital…Michael Saylor Bitcoin Volatility… so with anything that you’re finding out about please do study the platform do not just presume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you in fact get utilized to the structure of the site and then when you’re ready to use 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 purchasing real business if you pick to in this specific video we’re talking about how to copy other people’s financial 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 individual has stated they’ve made earnings 14 months in a row buy these choices because you think is the best ones for you and that 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 element that is probably.
well-known for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a great deal 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 precise portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your money will be imitated 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 charges included actually critical you understand what are the costs of this now with any platform there will be some cost to certainly these are real 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 zero charge sites then may not charge you for in fact buying and selling funds or etfs specific products individual stocks.
there’ll be charges on other parts maybe 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 costs with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s start with fees actually essential to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling fine so commission costs are complimentary nevertheless there are a couple of other charges the very first one is withdrawal charges so you can obviously put cash 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 money so you sell your shares you offer 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say fine that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing however that is a charge to remember the second fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that suits me.
a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion charge 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 say give me us dollars rather you need to pay their fees now the fantastic thing about though when you’ve transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really good using that part of their site won’t definitely restrict you in any way however we have to know two other charges the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you Michael Saylor Bitcoin Volatility.
Overall, traders who use EToro in Trading 212 will discover it to be one of the best and most convenient platforms to use. You are offered lots of alternatives with this software and you can configure it nevertheless you choose. This makes it very versatile and easy to use. Plus, you get trading signals provided right to you, which is a big plus. So, if you’re looking to start trading the forex market but do not know which system to choose, then this might be precisely what you need.