Not in fact having the full amount of capital…Michael Saylor Bitcoin Liquidation Level… so with anything that you’re discovering please do study the platform don’t simply presume since i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you actually 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 obviously your capital is at threat this is investing we’re doing you’re buying real companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not simply do something since that person has said they have actually made profit 14 months in a row purchase these options because you believe is the right ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
popular for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit 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 specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that indicates if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees included really vital you understand what are the expenses of this now with any platform there will be some expense to certainly these are real business 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 cost sites then might not charge you for actually buying and selling etfs or funds private products individual stocks.
there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 understand prior to you really start buying copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with fees truly essential to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a number of other costs the very first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk money.
and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you offer your products 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state all right that’s quite 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 choices that they have a great deal of platforms clearly are totally free 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 once every 6 months you know depends entirely how you’re investing but that is a cost to bear in mind the second fee that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s great 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 good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you type 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 really 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 say give me us dollars instead you need to pay their charges now the terrific thing about however when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial 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 additional costs so that’s really good utilizing that part of their website will not definitely restrict you in any way however we need to know 2 other fees the very first being what’s called spread fees okay and i’m going to reveal you what i mean on now a spread charge as i’m going to show you Michael Saylor Bitcoin Liquidation Level.
In general, traders who utilize EToro in Trading 212 will discover it to be one of the best and most convenient platforms to use. You are offered numerous alternatives with this software and you can configure it however you see fit. This makes it extremely flexible and easy to use. Plus, you get trading signals delivered right to you, which is a big plus. So, if you’re aiming to begin trading the forex market however do not understand which system to select, then this may be exactly what you require.