Not in fact having the full amount of capital…Michael Saylor Why Bitcoin… so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you in fact get used 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 naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has actually stated they have actually made earnings 14 months in a row invest in these choices since you believe is the ideal 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 probably.
popular for it’s the alternative 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 therefore that implies with our money we can really state i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that means 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 really crucial you understand 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 zero fee websites then might not charge you for in fact buying and selling etfs or funds private products specific stocks.
there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you actually start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with fees really important to comprehend these now on there’s a number of charges there isn’t costs to do with actually buying and selling all right so commission charges are complimentary nevertheless there are a couple of other charges the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk money.
and it’s automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those options that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends totally how you’re investing but that is a fee to bear in mind the second charge that i have actually discussed is that conversion fee now with you’re handling us dollars only 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two free trade anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they in fact giving 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 say give me us dollars instead you have to pay their charges now the terrific aspect of though when you’ve converted your money you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary 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 extra costs so that’s really excellent using that part of their site will not definitely limit you in any way nevertheless we have to know 2 other fees the first being what’s called spread charges fine and i’m going to show you what i mean on now a spread charge as i’m going to show you Michael Saylor Why Bitcoin.
In general, traders who use EToro in Trading 212 will find it to be among the best and simplest platforms to use. You are provided numerous alternatives with this software application and you can configure it however you choose. This makes it extremely versatile and user friendly. Plus, you get trading signals delivered right to you, which is a huge plus. So, if you’re wanting to start trading the forex market but don’t know which system to select, then this might be precisely what you require.