Is it trustworthy?
Etoro Toby Turtle…to a pre-determined market strategy or focusing on a particular market section as it states here they are developed around an idea efficiency metric or an algorithm that chooses its leading performing properties and after that 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 strategy the traders within are selected by’s investment committee and algorithmically looking for particular trading attributes that are optimized for profit then lastly we’ve got a partner copy portfolios these are portfolios developed by third parties that carry out thorough market analysis and has actually partnered with and again have a theme so let’s talk about some of the benefits and drawbacks of copying people versus copying portfolios so i’m not going to explain what copyrighting is but if you wish 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 say the primary pros of copy portfolios are that they are good for beginners who desire a more hands-off technique in regards to the market copy portfolios i would state they are fantastic if you desire exposure to a specific market where you believe the market will succeed as a whole for example you may desire exposure to great deals of renewable resource business or driverless cars business because as a newbie you may not know much about specific stocks to choose it will likewise conserve you time as looking into lots of private stocks can be very time taking in so letting do this on your behalf is fantastic this is likewise real for the other 2 copy portfolio
Can you earn money on the trading platform?
types for instance as a beginner you may not know what makes up a great trader to copy if you need to know how i personally find individuals to copy on then go check out my video which i’ll put a link to up here and in the description listed below choosing a trader based copy portfolio can give you direct exposure to lots of traders that are chosen by algorithmically this is terrific for diversity 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 variety of them in case among them does not do well and on the odd event this does occur i discovered this through copying a trader when starting so i was copying this guy and at the start he was doing well then he simply started to think 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 marketplace 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 Toby Turtle
Why is eToro considered to be bad?
Absolutely at risk ultimately i had to cut my losses with this trader and i think i wound up losing over a thousand dollars in the end which i was not pleased about however i looked at that trader further down the line and he continued to lose more cash 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 indicted for future results i have made some of my most significant profits in copy portfolios for example i’ve been purchased the in the video game copy portfolio given that the 3rd of july 2017 and today’s date is the 25th of april 2021 so in simply under four years i have made a crazy 210 profit likewise last year i purchased the huge tech copy portfolio in january 2020 and now 16 months later this has made a tremendous 47.08 profit which remains in simply over a year so if you compare that to a bank where you’ll be lucky to get one percent in a year today that’s that’s some crazy development i’m getting here on however like i stated past performance is not indicative of future results so certainly there are some minor negatives to copy portfolios first of all it is not possible to eliminate a part of the investment it’s also not possible to close individual positions within a copy portfolio
Is eToro really complimentary as they say?
so this is my virtual account here so say for example you didn’t like a particular business or individual that the copy portfolio had invested in or say for example you wished to close one position to take revenues you would require to close the financial investment completely so that’s something to keep in mind if you’re the sort of individual who creams the top of the revenues off of a financial investment so then possibly you should invest directly into stocks or traders that you would wish to copy rather than in a copy portfolio also while a few of the copy portfolios have an entry point that begins at 1 000 us dollars the entry level on a few of these is quite high all the trader based copy portfolios require at least 5 thousand us dollars and five thousand us dollars could be a lot so your option is to potentially take a look at a few of the traders in these coffee portfolios or look at the stocks in a copy portfolio and after that buy them manually yourself
certainly if you did this you would not get any rebalancing as you would on a copy portfolio now potentially another unfavorable of copy portfolios and i couldn’t find 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 confirm this with me then please feel free to get in contact and after that i’ll put it as the pin comment below now this doesn’t mean you can’t personally set a stop loss on the copy portfolio yourself however state for instance if you’re copying a market copy portfolio it would not respond and close out a position if there was a crash in the market whereas a real person could respond to the marketplace and close out positions and potentially redeem in at a lower entry point this may deserve considering when choosing a market copy portfolio so to purchase copy portfolios
Why do you require 25k to day trade?
you would to start with go to the following link on the left here that states buy copy portfolios this is my virtual account as i stated before service and after that from here you have actually 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 offer and there’s loads of different ones in here with lots of different themes so it deserves having a browse so say let’s just click this crypto copy portfolio here that with its absolute crazy results of 935 spot for two in the last 12 months that seethes so it’s an extremely comparable layout to a regular asset on with the feed on the very first page the description on the right here will usually describe what the copy portfolio’s method is and the minimum investment amount this should also outline how often it rebalances so as you can see for this crypto copy portfolio here the minimum financial investment amount is 1 000 us dollars so as i have actually just seen 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 have actually just 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 discussed above and the minimum financial investment
and this indicates as it says here the stars are based upon back checked results then you have actually got an average threat rating here on the left hand side and likewise you can see the number of investors in this copy portfolio and then down at the bottom we have actually got some nice charts for net exposure and allocation then if you click on the portfolio here you can see the current holdings in the portfolio and you have actually got some nice charts here which just show the different allocation but if you really wish to see the real holdings you can see the existing holdings in there in the portfolio and their current revenue and loss here um and if you change this bit here you can see the historical trades this copy portfolio has closed out of so if we set that to perhaps 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 revealing the performance of this copy portfolio over time so to purchase this you simply click the big button on the leading right that states invest and then you can set a quantity here that you wish to put in then you can set a stop loss below and i’m just going to leave that at 400 this is my virtual account feel in one’s bones there is a minimum and a maximum on the stop loss here so if i press the invest here and now it started buying copy portfolio now this copy portfolio did open immediately because it’s a crypto portfolio and the marketplaces are open 24 7. now i’m taping this video on a sunday Etoro Toby Turtle
If you were to actually invest in a copy portfolio that invested in stocks then it would not in fact open those positions till 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 stop briefly the investment you can change the stop loss or you can close the financial investment now if you desire to increase the investment one thing i have observed when looking 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 do not understand if that’s the very same for all of them however i looked at a handful and they did all seem to state it was a thousand that you might add minimum so that’s something certainly to bear in mind when opening your copy portfolio position so i hope this video has actually been handy to you if you are thinking about investing in a copy portfolio then please do your own due diligence first if you’ve got any concerns 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 believe could be a good financial investment i ‘d love to understand and i checked out all your comments if you found this video practical in any way then i ‘d really appreciate an early thumbs up as it really helps support the channel also for those of you thinking about signing up to and have not already then there’s an an affiliate link below where if you do register using it then i will get a kickback and it doesn’t cost you anything additional however it truly assists support this channel so why not give a go before depositing any real cash as they will give you a demo account with a hundred thousand dollars of virtual cash where you can experience all of the features like copy trading without losing any real cash also if you want to discover more about how works or more about personal financing and investing then i have various videos on my channel so i recommend you check them out so please press the bell and subscribe icon so you do not lose out on any future updates it’s been ollie from get geek financing thank you for watching and i’ll catch you in the next one Etoro Toby Turtle