Vitalik Buterin Elon Musk Twitter 2023

Not actually having the full amount of capital…Vitalik Buterin Elon Musk Twitter… so with anything that you’re learning more about please do study the platform don’t simply assume due to the fact that i utilize 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 alternative too so you actually get used to the structure of the site and then 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 investing in genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made earnings 14 months in a row invest in these choices because you believe is the best ones for you which being said let’s dive directly in [Music] so 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 aspect that is most likely.

famous for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that means 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 likewise cover is the costs involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to obviously these are genuine 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 zero cost websites then might not charge you for really buying and selling funds or etfs individual products specific stocks.

there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know prior to you really start buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees actually important to comprehend these now on there’s a couple of fees there isn’t charges to do with really buying and selling all right so commission costs are totally free however there are a number of other fees the first one is withdrawal costs so you can clearly put cash in now if you remain 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 in the future but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a lot of platforms certainly are totally 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 understand depends completely how you’re investing however that is a fee to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that suits me.

a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type 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 really 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 fantastic aspect of however when you’ve transformed your money you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good utilizing that part of their site won’t certainly limit you in any way however we need to understand two other costs the very first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you Vitalik Buterin Elon Musk Twitter.

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