Not in fact having the total of capital…Bitboy On Cardano… so with anything that you’re finding out about please do study the platform don’t just presume since 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 alternative as well so you actually get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re talking about how to copy other people’s investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row invest in these options because you think 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 understanding 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 option to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved really important you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost websites then may not charge you for actually buying and selling funds or etfs private 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 kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with charges actually essential to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling okay so commission fees are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can clearly 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 in the future however when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re offering 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 only withdrawing when i definitely require to now you may state alright that’s rather pricey 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 options that they have a great deal of platforms obviously 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 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 dealing in us dollars just there’s not a choice 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 perhaps 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 utilizing trading two and two free trade anyone at all this is standard they have actually i suppose stuck with whatever charge 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 fee is there what are they in fact offering 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 fees now the great aspect of however when you have actually transformed your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to know 2 other charges the first being what’s called spread costs all right and i’m going to show you what i imply on now a spread cost as i’m going to reveal you Bitboy On Cardano.
You are provided many options with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market but don’t understand which system to select, then this may be exactly what you need.