Not in fact having the total of capital…Bitboy Exe… so with anything that you’re finding out about please do study the platform don’t simply assume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money 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 pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they have actually made revenue 14 months in a row buy these choices since you think is the ideal ones for you which being said 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 most likely.
well-known for it’s the choice to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included actually critical you understand what are the costs of this now with any platform there will be some cost to obviously 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 a few of the no charge sites then may not charge you for actually buying and selling etfs or funds private commodities individual stocks.
there’ll be charges on other parts possibly 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 show you the costs with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with costs actually crucial to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling fine so commission charges are complimentary however there are a couple of other costs the first one is withdrawal charges so you can obviously 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 wish to withdraw your cash so you sell your shares you sell 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 definitely require to now you may say okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms certainly are free to do such things has this 5 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 completely how you’re investing but that is a cost to bear in mind the 2nd charge that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine that matches me.
a great deal of my stocks are us dollar stocks anyhow 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 anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort 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 actually providing 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 say provide me us dollars rather you have to pay their charges now the excellent aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really great utilizing that part of their site won’t certainly restrict you in any way however we need to know two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you Bitboy Exe.
You are offered numerous choices 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 precisely what you need.