Not actually having the full amount of capital…What Is The Iq Of William James Sidis… so with anything that you’re finding out about please do study the platform don’t simply presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice also so you actually get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine business if you pick 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 risk and we have to bear that in mind do not simply do something since that individual has said they have actually made earnings 14 months in a row purchase these choices since you think is the best ones for you and that being said let’s dive straight in [Music] so the important 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 element that is probably.
well-known for it’s the alternative to see what other traders are doing incredible we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that indicates if for example 10 of their 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 fees included actually crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 some of the no cost websites then may not charge you for really buying and selling etfs or funds individual commodities private stocks.
there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees truly important to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling okay so commission charges are totally free nevertheless there are a number of other charges the first one is withdrawal charges so you can certainly put cash in now if you remain 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 money so you offer your shares you sell your products whatever you’re selling 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 ensure that i’m only withdrawing when i definitely require to now you may say fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those choices that they have a great deal of platforms obviously are totally free 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 as soon as every six months you understand depends entirely how you’re investing however that is a cost to bear in mind the second fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great 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 great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really giving you in regards to 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 provide me us dollars instead you have to pay their costs now the fantastic aspect of however when you have actually transformed your cash you do not have 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 happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their site will not definitely restrict you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you What Is The Iq Of William James Sidis.
You are given numerous choices with this software and you can configure it however you see fit. If you’re looking to begin trading the forex market but do not know which system to select, then this may be precisely what you require.