Not in fact having the full amount of capital…Bitboy Crypto Review Reddit… so with anything that you’re learning more about please do study the platform do not simply assume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you actually get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they’ve made earnings 14 months in a row invest in these options since you think is the ideal ones for you and that being said 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.
famous for it’s the option to see what other traders are doing amazing 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 money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of options and generally each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for example 10 of their investment portfolio remains 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 actually vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real business 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 fee websites then may not charge you for in fact buying and selling etfs or funds private products individual 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 sort of costs associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you actually begin purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling okay so commission fees are free nevertheless there are a couple of other fees the 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 cash so you sell 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 make certain that i’m only withdrawing when i absolutely require to now you may say all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends entirely how you’re investing however that is a fee to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that suits me.
a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two free trade anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 rather you need to pay their charges now the great feature of however when you have actually transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good using that part of their site will not definitely limit you in any way however we need to be aware of 2 other fees the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you Bitboy Crypto Review Reddit.
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