Not in fact having the full amount of capital…Michael Saylor Btc Investment… so with anything that you’re finding out about please do study the platform do not simply presume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has said they’ve made earnings 14 months in a row invest in these options since you believe is the best ones for you which being stated let’s dive directly in [Music] so the important 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.
famous for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for example 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 fees included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then may not charge you for actually buying and selling funds or etfs specific products private 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 sort 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 before you in fact start buying 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 kick off with fees truly important to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission fees are free however there are a number of other costs the very first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk money.
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 offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those choices that they have a lot of platforms undoubtedly 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 six months you know depends completely how you’re investing but that is a fee to bear in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.
a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent 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 open market anyone at all this is basic they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact offering 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 costs now the excellent thing about though when you have actually converted your cash you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 costs so that’s actually great utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to know two other fees the first being what’s called spread charges alright and i’m going to show you what i mean on now a spread cost as i’m going to show you Michael Saylor Btc Investment.
You are given many alternatives with this software application and you can configure it nevertheless you see fit. If you’re looking to start trading the forex market however do not understand which system to choose, then this might be precisely what you need.