When discussing the platform….this always comes up Binance Apierrorcode 1013 Market Is Closed…Ideally you will choose something up along the way so what are copy portfolios so generally they are a basket of possessions or traders picked by based upon a picked theme kind of like a mini etf in some respects copy portfolios are great for diversification and are developed to decrease long-term danger and make the most of existing market opportunities each copy portfolio is occasionally rebalanced in order to get the most out of the thematic trading technique upon which it is based typically they are seen as a medium to long-term financial investment lorry however you can stop your investment at any point at the existing market rates as long as the marketplaces are open copy portfolios are excellent for beginners who want a hands-off approach and if you look at’s website they actually declare that they aim to offer up to double-digit yearly returns while reducing the danger connected with the financial investment now bear in mind past efficiency isn’t indicative of future outcomes however that is what they intend to do so copy portfolios are kind of like an etf
A handled portfolio without the charges although actual expertly handled funds are most likely to be adjusted day-to-day or on much shorter periods whereas these are re-balanced at longer intervals so what is rebalancing essentially gradually the worth of private properties in a diversified portfolio go up and down where they drift away from their target weights for example over the long term stocks typically rise quicker than etfs so the stock part of your portfolio will increase relative to the etf part the rebalancing mechanism closes and opens positions periodically to keep the asset allocation ratio and keep the copy portfolio method different copy portfolios rebalance at different times to others so basically you require to look at each one separately to find out the rebalancing duration when you buy a copy portfolio your capital is professionally handled by’s financial investment committee each copy portfolio’s performance is analyzed in depth and rebalanced instantly regularly to optimize its gain capacity so first of all there are three types now like i said i’m not going to review every one but possibly i’ll do that in another video so let me know if this is something you wish to see in the comments if you see here we have market copy portfolios leading trader copy portfolios and partner copy portfolios so market copy portfolios invest in a mix of cfd stocks commodities or etfs according
Is it trustworthy?
to a pre-determined market technique or concentrating on a specific market segment as it says here they are built around a concept efficiency metric or an algorithm that picks its top carrying out properties and after that next we’ve got the leading trader copy portfolios top traders purchase a group of traders these compromise the very best carrying out traders on according to a predefined technique the traders within are chosen by’s investment committee and algorithmically trying to find particular trading qualities that are optimized for profit then last but not least we’ve got a partner copy portfolios these are portfolios produced by third parties that conduct thorough market analysis and has actually partnered with and again have a theme so let’s discuss a few of the pros and cons of copying people versus copying portfolios so i’m not going to describe what copyrighting is but if you would like to know more about that then go have a look at my video which i’ll position a link to up here and in the description listed below firstly i would say the main pros of copy portfolios are that they are good for beginners who desire a more hands-off technique in regards to the marketplace copy portfolios i would state they are excellent if you desire direct exposure to a specific market where you think the industry will do well as a whole for example you may want exposure to lots of renewable resource companies or driverless vehicles business due to the fact that as a beginner you may not know much about individual stocks to select it will likewise save you time as looking into great deals of individual stocks can be very time consuming so letting do this in your place is great this is also real for the other two copy portfolio
Can you make money on the trading platform?
types for instance as a novice you may not know what constitutes a great trader to copy if you need 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 below picking a trader based copy portfolio can offer you exposure to great deals of traders that are selected by algorithmically this is terrific for diversity if you’re new to i personally would not invest all my cash in one trader and would try to spread it out over a variety of them in case one of them doesn’t succeed and on the odd celebration this does happen i learnt this through copying a trader when starting so i was copying this man and at the start he was succeeding then he simply began to believe the marketplace would crash so he began shorting great deals of stocks and it never did and it simply kept increasing and then he still kept stating that the marketplace was going to crash and it never did so i lost quite a bit of money so this is also a caution that your capital Binance Apierrorcode 1013 Market Is Closed
Why is eToro thought about to be bad?
Definitely at risk eventually i needed to cut my losses with this trader and i think i ended up losing over a thousand dollars in the end which i was not happy about however i took a look at that trader further down the line and he continued to lose more cash 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 efficiency is not arraigned for future outcomes i have actually made a few of my most significant earnings in copy portfolios for example i’ve been invested in 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 just under four years i have actually made an outrageous 210 revenue also last year i purchased the big tech copy portfolio in january 2020 and now 16 months later on this has made a massive 47.08 profit which 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 today that’s that’s some outrageous development i’m getting here on but like i said past efficiency is not indicative of future results so clearly there are some minor negatives to copy portfolios to start with 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 actually free as they say?
so this is my virtual account here so say for example you didn’t like a particular company or individual that the copy portfolio had actually invested in or say for instance you wanted to close one position to take earnings you would require to close the investment totally so that’s something to keep in mind if you’re the sort of individual who creams the top of the earnings off of a financial investment so then potentially you must invest directly into stocks or traders that you would want 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 a few of these is rather 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 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 by hand yourself
clearly 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 couldn’t discover this out for guaranteed but 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 would like to verify this with me then please do not hesitate to get in contact and then i’ll put it as the pin remark below now this doesn’t suggest 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 respond and close out a position if there was a crash in the market whereas a real individual might react to the marketplace and liquidate positions and possibly redeem in at a lower entry point this may be worth thinking about when choosing a market copy portfolio so to invest in copy portfolios
Why do you need 25k to day trade?
you would first of all go to the following link on the left here that states invest in copy portfolios this is my virtual account as i said before service and then from here you have actually got the 3 types of copy portfolios that we were discussing 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 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’s mad so it’s an extremely comparable layout to a regular property on with the feed upon the very first page the description on the right here will usually detail what the copy portfolio’s method is and the minimum investment amount this ought to also outline how often 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 have actually simply seen here the description on the very first page does not constantly 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 searching for rebalancing you can see that this cryptocopy portfolio will be rebalanced yearly or by the investment committee discretion including new listings or de-listing based upon the terms pointed out above and the minimum financial investment
quantity is 1000 us dollars so as you can see here on the right-hand man side we have actually got the possession allotment now you truly need to take note of this as i learned this the hard way and by this i might discover this in two ways so i actually invested in one of these crypto copy portfolios a long period of time ago when i was beginning on and i didn’t inspect the weightings and i presume they were all equal yes i know i was a huge noob and a rookie well one of these cryptos was more heavily weighted than the others and that one tanked whereas the others didn’t it then hit the stop loss and cashed out my position and then as cryptos do it bounced back up uh since they are so volatile so not only did i lose a great deal of cash and i wasn’t able to redeem ins due to the fact that the rate had actually bounced up but i also can’t bear to believe more that would be worth now today it’s just uh i missed out on i missed out on that one but it’s lesson to find out and sometimes the very best lessons in trading are regrettably learnt the hard way you won’t forget them when you make a horrible mistake like that so moving on from that if we scroll even more down we have the historic stats of the copy portfolio if it’s a newish copy portfolio then you’ll observe there’s some stars next to the numbers
and this suggests as it says here the stars are based upon back tested results then you’ve got an average danger rating here on the left hand side and likewise you can see the variety of investors in this copy portfolio and after that down at the bottom we’ve got some nice graphs for net direct exposure and allowance then if you click on the portfolio here you can see the current holdings in the portfolio and you have actually got some good graphs 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 existing profit and loss here um and if you alter this bit here you can see the historical trades this copy portfolio has closed out of so if we set that to possibly one year you can see the historic trades this copy portfolio has liquidated of then on the last tab we have a chart showing the efficiency of this copy portfolio with time so to purchase this you simply click the huge button on the top right that says invest and after that you can set a quantity here that you want to put in then you can set a stop loss listed 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 investing in copy portfolio now this copy portfolio did open immediately because it’s a crypto portfolio and the markets are open 24 7. now i’m tape-recording this video on a sunday Binance Apierrorcode 1013 Market Is Closed
so if you were to in fact invest in a copy portfolio that invested in stocks then it would not in fact open those positions up until the marketplaces 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 financial investment you can adjust the stop loss or you can close the investment now if you want to increase the financial investment something i have noticed when looking at a lot of these is that the minimum quantity you can add to a copy portfolio once it is open is a thousand dollars now i don’t understand if that’s the same for all of them however i looked at a handful and they did all appear to say it was a thousand that you could add minimum so that’s something absolutely to bear in mind when opening your copy portfolio position so i hope this video has actually been valuable to you if you are thinking about buying a copy portfolio then please do your own due diligence initially if you’ve got any concerns on this video then please let me know in the comments let us understand if you invest in copy portfolios and if so which ones or
which ones do you believe could be an excellent investment i ‘d enjoy to understand and i read all your remarks if you found this video helpful in any way then i ‘d actually value an early thumbs up as it truly helps support the channel also for those of you interested in registering to and haven’t already 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 but it actually helps support this channel so why not give a go prior to transferring any real cash as they will offer you a demo account with a hundred thousand dollars of virtual money where you can experience all of the features like copy trading without losing any genuine money also if you wish to discover more about how works or more about personal financing and investing then i have many videos on my channel so i suggest you check them out so please subscribe and press the bell icon so you do not lose out on any future updates it’s been ollie from get geek finance thank you for viewing and i’ll catch you in the next one Binance Apierrorcode 1013 Market Is Closed