Is it trustworthy?
Etoro Chartswatchers…to a pre-determined market technique or focusing on a specific market segment as it says here they are built around a concept performance metric or an algorithm that selects its top performing properties and then next we have actually got the leading trader copy portfolios top traders buy a group of traders these compromise the very best carrying out traders on according to a predefined method the traders within are picked by’s financial investment committee and algorithmically searching for specific trading characteristics that are optimized for profit then last but not least we’ve got a partner copy portfolios these are portfolios developed by third parties that perform comprehensive market analysis and has partnered with and again have a theme so let’s discuss some of the advantages and disadvantages of copying people versus copying portfolios so i’m not going to discuss what copyrighting is but if you want to know more about that then go have a look at my video which i’ll place a link to up here and in the description listed below first of all i would state the primary pros of copy portfolios are that they benefit newbies who desire a more hands-off approach in regards to the market copy portfolios i would say they are excellent if you want direct exposure to a specific industry where you think the industry will succeed as a whole for example you may want exposure to lots of renewable energy companies or driverless cars and trucks business because as a novice you may not know much about private stocks to choose it will likewise save you time as researching great deals of individual stocks can be extremely time consuming so letting do this in your place is excellent this is also true for the other 2 copy portfolio
Can you make money on the trading platform?
types for example as a novice you might not know what makes up a good trader to copy if you need to know how i personally find people to copy on then go have a look at my video which i’ll put a link to up here and in the description below picking a trader based copy portfolio can offer you exposure to lots of traders that are picked by algorithmically this is excellent for diversification if you’re new to i personally would not invest all my money in one trader and would try to spread it out over a number of them in case one of them doesn’t do well and on the odd event this does occur i discovered this through copying a trader when starting so i was copying this man and at the start he was succeeding then he just began to think the market would crash so he began shorting great deals of stocks and it never did and it just kept increasing and after that he still kept saying that the market was going to crash and it never did so i lost quite a bit of cash so this is likewise a caution that your capital Etoro Chartswatchers
Why is eToro thought about to be bad?
Certainly at risk eventually i needed to cut my losses with this trader and i believe i wound up losing over a thousand dollars in the end which i was not pleased about but i looked at that trader even more down the line and he continued to lose more money so cutting my losses at that point i did was much better than where i would have been six months further down the line so while past performance is not arraigned for future outcomes i have made some of my biggest revenues in copy portfolios for example i have actually been bought the in the game copy portfolio because the 3rd of july 2017 and today’s date is the 25th of april 2021 so in simply under four years i have made an insane 210 earnings likewise in 2015 i invested in the huge tech copy portfolio in january 2020 and now 16 months later this has actually made a massive 47.08 earnings and that is in just over a year so if you compare that to a bank where you’ll be lucky to get one percent in a year right now that’s that’s some insane development i’m getting here on but like i said past performance is not indicative of future results so clearly there are some small negatives to copy portfolios firstly it is not possible to remove a part of the financial investment it’s likewise not possible to close private positions within a copy portfolio
Is eToro really complimentary as they state?
so this is my virtual account here so state for instance you didn’t like a specific business or person that the copy portfolio had actually invested in or state for example you wanted to close one position to take revenues you would require to close the investment completely so that’s something to bear in mind if you’re the kind of person who creams the top of the earnings off of a financial investment so then possibly you must invest directly into stocks or traders that you would want to copy instead of in a copy portfolio likewise while some of the copy portfolios have an entry point that starts at 1 000 us dollars the entry level on some of these is quite high all the trader based copy portfolios need a minimum of 5 thousand us dollars and 5 thousand us dollars could be a lot so your alternative is to possibly take a look at some of the traders in these coffee portfolios or take a look at the stocks in a copy portfolio and then buy them manually yourself
obviously if you did this you would not get any rebalancing as you would on a copy portfolio now potentially another negative of copy portfolios and i could not discover this out for certain however my understanding is that on market copy portfolios there isn’t any stop losses on private positions if somebody from etora sees this video and wishes to validate this with me then please feel free to get in contact and then i’ll put it as the pin comment listed below now this doesn’t imply you can’t personally set a stop loss on the copy portfolio yourself but state for example if you’re copying a market copy portfolio it would not close and respond out a position if there was a crash in the market whereas a genuine person might react to the market and liquidate positions and possibly buy back in at a lower entry point this may be worth considering when choosing a market copy portfolio so to purchase copy portfolios
Why do you require 25k to day trade?
you would firstly go to the following link on the left here that states purchase copy portfolios this is my virtual account as i stated prior to service and then from here you’ve got the three kinds of copy portfolios that we were discussing previously and if you drill into these you can see all of the copy portfolios they have on offer and there’s loads of different ones in here with great deals of different themes so it deserves having a browse so state let’s just click on this crypto copy portfolio here that with its absolute crazy outcomes of 935 area for two in the last 12 months that seethes so it’s a really similar layout to a regular asset on with the feed upon the first page the description on the right here will normally describe what the copy portfolio’s methodology is and the minimum investment amount this need to likewise lay out how typically it rebalances so as you can see for this crypto copy portfolio here the minimum investment amount is 1 000 us dollars so as i’ve just discovered here the description on the very first page doesn’t always match the description on the 2nd page so to find out the rebalancing if you go on here i’ve simply discovered that by looking for rebalancing you can see that this cryptocopy portfolio will be rebalanced annual or by the financial investment committee discretion consisting of brand-new listings or de-listing based on the terms pointed out above and the minimum financial investment
and this suggests as it says here the stars are based upon back evaluated outcomes then you have actually got a typical threat rating here on the left hand side and also you can see the variety of financiers in this copy portfolio and after that down at the bottom we have actually got some good charts for net exposure and allowance then if you click on the portfolio here you can see the existing holdings in the portfolio and you’ve got some great charts here which simply show the different allocation but if you in fact want to see the actual holdings you can see the existing holdings in there in the portfolio and their existing profit and loss here um and if you alter this bit here you can see the historical trades this copy portfolio has actually closed out of so if we set that to maybe one year you can see the historical trades this copy portfolio has actually closed out of then on the last tab we have a chart showing the performance of this copy portfolio gradually so to purchase this you simply click the huge button on the top right that says invest and then you can set an amount here that you wish to put in then you can set a stop loss below and i’m simply going to leave that at 400 this is my virtual account just know there is a minimum and an optimum on the stop loss here so if i press the invest here and now it began purchasing copy portfolio now this copy portfolio did open quickly because it’s a crypto portfolio and the markets are open 24 7. now i’m tape-recording this video on a sunday Etoro Chartswatchers
so if you were to in fact buy a copy portfolio that invested in stocks then it would not really open those positions until the markets open on monday so as you can see here this is the crypto portfolio on my virtual account and if you click the cog up here you can increment the financial investment you can pause the financial investment you can adjust the stop loss or you can close the financial investment now if you want to increase the financial investment one thing i have actually noticed when looking at a bunch of these is that the minimum amount you can contribute to a copy portfolio once it is open is a thousand dollars now i do not know if that’s the same for all of them but i took a look at a handful and they did all appear to state it was a thousand that you might add minimum so that’s something absolutely to bear in mind when opening your copy portfolio position so i hope this video has been handy to you if you are considering purchasing a copy portfolio then please do your own due diligence first if you’ve got any questions on this video then please let me know in the comments let us know if you invest in copy portfolios and if so which ones or
which ones do you think could be a good financial investment i ‘d like to know and i checked out all your remarks if you found this video handy in any way then i ‘d really appreciate an early thumbs up as it really helps support the channel likewise for those of you thinking about signing up to and have not currently then there’s an an affiliate link below where if you do sign up utilizing it then i will get a kickback and it does not cost you anything additional however it truly helps support this channel so why not give a go prior to transferring any real money as they will offer you a demo account with a hundred thousand dollars of virtual money where you can experience all of the functions like copy trading without losing any real money likewise if you wish to learn more about how works or more about individual finance and investing then i have many videos on my channel so i suggest you check them out so please push the bell and subscribe icon so you don’t lose out on any future updates it’s been ollie from get geek finance thank you for seeing and i’ll catch you in the next one Etoro Chartswatchers