Is it trustworthy?
Etoro Godmode Strategy…to a pre-determined market technique or focusing on a specific market segment as it says here they are constructed around an idea performance metric or an algorithm that picks its leading carrying out possessions and after that next we have actually got the top trader copy portfolios leading traders buy a group of traders these compromise the best performing traders on according to a predefined strategy the traders within are chosen by’s financial investment committee and algorithmically looking for specific trading attributes that are enhanced for profit then finally we’ve got a partner copy portfolios these are portfolios developed by 3rd parties that perform thorough market analysis and has partnered with and once again have a theme so let’s talk about some of the advantages and disadvantages of copying individuals versus copying portfolios so i’m not going to describe what copyrighting is but if you want to know more about that then go have a look at my video which i’ll put a link to up here and in the description below to start with i would say the main pros of copy portfolios are that they are good for beginners who want a more hands-off technique in regards to the marketplace copy portfolios i would state they are great if you desire direct exposure to a specific market where you think the market will succeed as a whole for instance you may want exposure to great deals of renewable energy business or driverless automobiles business due to the fact that as a novice you might not know much about private stocks to pick it will also conserve you time as researching great deals of individual stocks can be very time taking in so letting do this on your behalf is excellent this is likewise real for the other 2 copy portfolio
Can you generate income on the trading platform?
types for example as a newbie you may not know what constitutes a great trader to copy if you want to know how i personally discover people to copy on then go check out my video which i’ll put a link to up here and in the description listed below picking a trader based copy portfolio can offer you direct exposure to great deals of traders that are selected by algorithmically this is terrific for diversity if you’re brand-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 take place i discovered this through copying a trader when starting so i was copying this person and at the start he was doing well then he simply started to believe the market would crash so he started shorting great deals of stocks and it never ever did and it simply kept going up 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 also a caution that your capital Etoro Godmode Strategy
Why is eToro thought about to be bad?
Definitely 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 happy about but i took a look at that trader further down the line and he continued to lose more money so cutting my losses at that point i did was better than where i would have been six months further down the line so while past performance is not indicted for future outcomes i have made a few of my biggest profits in copy portfolios for example i have actually been bought the in the game copy portfolio given that the 3rd of july 2017 and today’s date is the 25th of april 2021 so in simply under 4 years i have made a ridiculous 210 earnings likewise in 2015 i invested in the big tech copy portfolio in january 2020 and now 16 months later on this has actually made a whopping 47.08 profit and that remains in just over a year so if you compare that to a bank where you’ll be fortunate 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 outcomes so certainly there are some minor negatives to copy portfolios to start with it is not possible to get rid of a part of the financial investment it’s also not possible to close private positions within a copy portfolio
Is eToro actually totally free as they state?
This is my virtual account here so state for example you didn’t like a particular business or person that the copy portfolio had actually invested in or say for example you desired to close one position to take profits you would require to close the investment entirely so that’s something to bear in mind if you’re the kind of person who creams the top of the earnings off of an investment so then potentially you must invest straight into stocks or traders that you would desire to copy rather than 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 at least five thousand us dollars and five thousand us dollars could be a lot so your alternative is to possibly look at some of the traders in these coffee portfolios or look at the stocks in a copy portfolio and then invest in them by hand yourself
obviously if you did this you would not get any rebalancing as you would on a copy portfolio now possibly another negative of copy portfolios and i could not discover this out for guaranteed however my understanding is that on market copy portfolios there isn’t any stop losses on specific positions if somebody from etora sees this video and wants to validate this with me then please do not hesitate to get in contact and after that i’ll put it as the pin remark below now this does not mean you can’t personally set a stop loss on the copy portfolio yourself but say for instance if you’re copying a market copy portfolio it would not react and close out a position if there was a crash in the market whereas a genuine individual might react to the market and close out positions and potentially redeem in at a lower entry point this may be worth considering when selecting a market copy portfolio so to invest in copy portfolios
Why do you require 25k to day trade?
you would firstly go to the following link on the left here that says purchase copy portfolios this is my virtual account as i said before service and then from here you’ve got the 3 kinds of copy portfolios that we were talking about before and if you drill into these you can see all of the copy portfolios they have on deal and there’s loads of various ones in here with lots of various themes so it deserves having a browse so state let’s just click this crypto copy portfolio here that with its outright outrageous outcomes of 935 area for 2 in the last 12 months that seethes so it’s a very similar layout to a regular property on with the feed upon the first page the description on the right here will usually outline what the copy portfolio’s methodology is and the minimum financial investment quantity this should also detail how frequently it rebalances so as you can see for this crypto copy portfolio here the minimum investment quantity is 1 000 us dollars so as i have actually just noticed here the description on the 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 found that by searching for rebalancing you can see that this cryptocopy portfolio will be rebalanced annual or by the investment committee discretion including brand-new listings or de-listing based upon the terms mentioned above and the minimum investment
and this indicates as it states here the stars are based upon back checked results then you’ve got an average danger rating here on the left hand side and also you can see the variety of investors in this copy portfolio and then down at the bottom we’ve got some good charts for net exposure and allocation then if you click the portfolio here you can see the existing holdings in the portfolio and you have actually got some nice graphs here which simply show the different allowance but if you actually wish to see the actual holdings you can see the existing holdings in there in the portfolio and their current revenue and loss here um and if you alter this bit here you can see the historic trades this copy portfolio has actually liquidated of so if we set that to maybe one year you can see the historic trades this copy portfolio has actually liquidated of then on the last tab we have a chart revealing the performance of this copy portfolio gradually so to invest in this you just 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 a maximum 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 marketplaces are open 24 7. now i’m taping this video on a sunday Etoro Godmode Strategy
so if you were to in fact purchase a copy portfolio that purchased stocks then it would not actually open those positions up 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 investment you can pause the investment you can adjust the stop loss or you can close the financial investment now if you wish to increase the financial investment one thing i have actually discovered when taking a look at a lot of these is that the minimum amount you can add to a copy portfolio once it is open is a thousand dollars now i don’t know if that’s the same for all of them but i took a look at a handful and they did all seem to state it was a thousand that you might include minimum so that’s something absolutely to keep in mind when opening your copy portfolio position so i hope this video has been practical to you if you are thinking about investing in a copy portfolio then please do your own due diligence initially if you have actually got any concerns on this video then please let me understand in the comments let us know if you invest in copy portfolios and if so which ones or
which ones do you believe could be a great financial investment i ‘d love to know and i read all your comments if you found this video valuable in any way then i ‘d really appreciate an early thumbs up as it actually helps support the channel also for those of you interested in registering to and have not currently then there’s an an affiliate link below where if you do sign up using it then i will get a kickback and it doesn’t cost you anything extra however it actually helps support this channel so why not give a go before depositing any real cash as they will provide you a demonstration account with a hundred thousand dollars of virtual money where you can experience all of the functions like copy trading without losing any genuine money likewise if you wish to learn more about how works or more about individual financing and investing then i have various videos on my channel so i advise you check them out so please subscribe and push the bell icon so you don’t lose out on any future updates it’s been ollie from get geek finance thank you for watching and i’ll capture you in the next one Etoro Godmode Strategy