Not actually having the full amount of capital…Michael Saylor Bitcoin Liquidation Level… so with anything that you’re learning more about please do study the platform don’t simply assume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you actually get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously 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 profit 14 months in a row invest in these options since you think is the right ones for you and that being said 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.
popular for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they buy they offer whatever they do your cash will be imitated with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included really crucial you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine companies 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 absolutely no cost sites then might not charge you for actually buying and selling funds or etfs private commodities private 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 costs with in particular in this video the next would be things to understand prior to you actually start investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs truly essential to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling alright so commission fees are free nevertheless there are a number of other charges the first one is withdrawal fees so you can clearly 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 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 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing however 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 a choice to purchase in euros or uk and that’s great that fits me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually 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 state give me us dollars instead you have to pay their fees now the excellent thing about though when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really great using that part of their site won’t certainly limit you in any way however we have to understand 2 other costs the very first being what’s called spread fees fine and i’m going to show you what i mean on now a spread charge as i’m going to reveal you Michael Saylor Bitcoin Liquidation Level.
You are offered lots of options with this software application and you can configure it however you see fit. If you’re looking to start trading the forex market however do not know which system to choose, then this might be exactly what you require.