Not actually having the total of capital…Bitboy Theta… so with anything that you’re finding out about please do study the platform do not just assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you in fact get used to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that individual has said they have actually made earnings 14 months in a row invest in these choices due to the fact that you think is the best ones for you which being stated let’s dive directly 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 aspect that is most likely.
well-known for it’s the alternative to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for example 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 included truly important you comprehend what are the costs of this now with any platform there will be some cost to certainly 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 a few of the no fee websites then might not charge you for actually buying and selling funds or etfs specific 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 costs 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 prior to you really start purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs truly crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling all right so commission charges are complimentary nevertheless there are a number of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you offer your shares you offer 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say okay 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 somewhere and withdrawal fees are simply one of those alternatives that they have a great deal of platforms certainly are totally free 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 entirely how you’re investing but that is a cost to keep in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that fits 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 great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and 2 open market anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact providing you in regards to 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 costs now the fantastic thing about however when you’ve transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their site will not definitely limit you in any way nevertheless we have to be aware of two other charges the very first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you Bitboy Theta.
You are given lots of options with this software and you can configure it however you see fit. If you’re looking to begin trading the forex market however do not understand which system to choose, then this might be exactly what you require.