Not actually having the full amount of capital…How To See Vitalik Buterin Wallet… so with anything that you’re learning more about please do study the platform don’t 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 option as well so you actually get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real business if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row purchase these choices because 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 element that is most likely.
famous 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 benefit is these copy portfolios are copy trading and so that indicates with our money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means if for instance 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 likewise cover is the fees included actually important you understand what are the expenses of this now with any platform there will be some cost to clearly 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 really buying and selling etfs or funds specific products individual stocks.
there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact start investing in copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges really important to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling alright so commission costs are totally free nevertheless there are a couple of other fees the very first one is withdrawal costs so you can undoubtedly 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 money so you sell your shares you sell your products 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those choices that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a charge to keep in mind the second charge that i’ve 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 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 great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they in fact providing you in terms of 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 costs now the excellent thing about though when you’ve converted 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 buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to know two other costs the first being what’s called spread charges okay and i’m going to reveal you what i mean on now a spread fee as i’m going to show you How To See Vitalik Buterin Wallet.
You are given many alternatives with this software application and you can configure it however you see fit. If you’re looking to begin trading the forex market however don’t know which system to choose, then this might be precisely what you require.