Not really having the full amount of capital…Michael Saylor Margin Call Level… so with anything that you’re learning about please do study the platform do not simply presume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has actually stated they’ve made profit 14 months in a row purchase 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 comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
famous for it’s the option to see what other traders are doing incredible we do not typically 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 really say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved really crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero fee sites then may not charge you for in fact buying and selling etfs or funds individual products specific stocks.
there’ll be costs on other parts perhaps 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 costs with in particular in this video the next would be things to know prior to you really begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees really essential to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling okay so commission charges are free however there are a couple of other fees the first one is withdrawal charges so you can obviously put money 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 in the future however when you want to withdraw your cash so you offer your shares you offer your commodities 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 knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just one of those alternatives that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you know depends entirely how you’re investing however that is a cost to keep in mind the 2nd fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option to buy 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 purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion cost is there 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 offer me us dollars rather you have to pay their costs now the terrific feature of though when you’ve transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies 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 extra fees so that’s really excellent utilizing that part of their website won’t definitely restrict you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread costs fine and i’m going to show you what i mean on now a spread fee as i’m going to reveal you Michael Saylor Margin Call Level.
You are given numerous options with this software and you can configure it however you see fit. If you’re looking to begin trading the forex market but don’t know which system to select, then this might be precisely what you require.