Not really having the full amount of capital…Michael Saylor Bitcoin Vs Gold… so with anything that you’re finding out about please do study the platform don’t simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you in fact get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row invest in these options due to the fact that you believe is the best ones for you and that being stated let’s dive directly 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 aspect that is most likely.
popular for it’s the alternative to see what other traders are doing incredible we don’t normally 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 money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that implies if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included really vital you understand what are the expenses of this now with any platform there will be some expense to clearly 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 fee websites then may not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 actually begin investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with costs truly essential to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling okay so commission fees are free nevertheless there are a couple of other charges the first one is withdrawal fees so you can clearly put money in now if you remain 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 on however when you want to withdraw your money so you offer 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 naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state all right that’s rather 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 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 once every 6 months you understand depends completely how you’re investing but that is a cost to bear in mind the 2nd charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine that suits 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 charge now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they really 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 state give me us dollars rather you have to pay their costs now the excellent aspect of however when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread charge as i’m going to show you Michael Saylor Bitcoin Vs Gold.
You are offered many alternatives with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market but don’t understand which system to choose, then this might be precisely what you need.