Not in fact having the full amount of capital…How Much Is Michael Saylor Worth… so with anything that you’re discovering please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option too 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 risk this is investing we’re doing you’re purchasing genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have 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 buy these choices since you think is the best ones for you which being stated let’s dive straight 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 belongs to social trading which is one aspect that is most likely.
well-known for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved truly crucial you comprehend what are the expenses of this now with any platform there will be some expense 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 some of the no fee websites then may not charge you for really buying and selling etfs or funds private products specific stocks.
there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 before you actually begin investing in copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges really important to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling fine so commission fees are complimentary however there are a number of other fees the first one is withdrawal fees so you can obviously put money in now if you’re in the uk we put our uk cash.
and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity 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 ensure that i’m just withdrawing when i absolutely require to now you may say okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you understand depends completely how you’re investing but that is a charge to remember the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine that matches me.
a lot of my stocks are us dollar stocks anyway 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 cost now when you use anyone so if you’re using trading 2 and 2 free trade anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really giving 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 offer me us dollars rather you have to pay their charges now the terrific thing about however when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really great using that part of their website won’t certainly limit you in any way however we have to know two other fees the first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread cost as i’m going to reveal you How Much Is Michael Saylor Worth.
You are given many options with this software 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 may be exactly what you require.