Should I "Copy Open Trades" on Etoro? (Copy Trading)

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

ความคิดเห็น • 245

  • @raitei044
    @raitei044 4 ปีที่แล้ว +42

    Even after 3 years, this video offers great insights for folks like me who are looking to try copy trading.

  • @ianbrissey8656
    @ianbrissey8656 3 ปีที่แล้ว +1

    Short answer, do not leave the default copy open trades box checked. If he's in profit he'll most likely sell soon. If he's in loss, he may sell as a stop loss. Both scenerios mean you lose. Just uncheck so that future trades with most profit potential will be realized by you.
    Also if you're in crypto, set the copy loss at the minimum because wild swings can trigger the stop when you didn't want to exit.

  • @multimeorme
    @multimeorme 3 ปีที่แล้ว +1

    Thank you for this explanation ! After one year of randomly copying people I have understood so much more.

  • @arienasariatu3540
    @arienasariatu3540 4 ปีที่แล้ว +4

    so basically what you mean:
    in order to copy the whole portfolio of the trader, we should copy the open trade as well. But my question is, they entered the trade position at X dollar and say, when I copy the open position now, i might enter at a different price -> which means my profit will eventually be different from the trader I am copying???
    Say, if we see that some of the stocks they bought (still in open trade status) are making a lot of money and the price is higher than average price right now (say Amzn stock) and we don't expect it to go up again but instead it may go down - it is better not to copy open trade right?

    • @kieranabbey6418
      @kieranabbey6418 4 ปีที่แล้ว +1

      did you find the answer to your question at the end in the 2nd paragraph?

  • @Penetanguish
    @Penetanguish 7 ปีที่แล้ว +1

    Thanks for explaining exactly what I didn't understand, and making it so clear. Just to say that I find it useful to click on the P/L(%) column to make the trades line up from most to least profitable, to get an idea where someone I might copy is in the cycle of profit and loss.

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว

      Yeah, I've done that before too - it's good to be able to see things at a glance! Thanks :)

  • @romeo7577
    @romeo7577 3 ปีที่แล้ว

    today is april 3, 2021. im thinking about starting copy trading and i find this old video still useful.

  • @Huff627
    @Huff627 3 ปีที่แล้ว

    First time watching, Still a very useful video 4 years later today, 23 Aug 2021. Big thanks BTV!

    • @SocialTrading
      @SocialTrading  3 ปีที่แล้ว +1

      That's really nice to hear :) Thank you!

  • @annasillustrations6824
    @annasillustrations6824 2 ปีที่แล้ว +1

    Very useful! I just started copy trading and was wondering about this!

  • @freedomfund-popularinvesto9580
    @freedomfund-popularinvesto9580 3 ปีที่แล้ว

    That depends on your risk appetite and also whether the copytrader is long or short term trader

  • @MrStrange1984
    @MrStrange1984 7 ปีที่แล้ว +4

    I was wondering how to see how much of your money invested was being used in trades. Thanks for this! Have been bingewatching your videos just to learn more. You are an awesome teacher!

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว +1

      That's really kind of you to say, thanks :)

  • @arturasgelmanas3637
    @arturasgelmanas3637 2 ปีที่แล้ว +1

    First time here. Finally someone explains something. Thank yhank thank you!!!

  • @mansonaty
    @mansonaty 3 ปีที่แล้ว +2

    Excellent content on your channel my dude. You are helping a lot. Greetings from Portugal

  • @marioattard3955
    @marioattard3955 4 ปีที่แล้ว +1

    Hi thanks for your videos...I love them...have you considered covering the copyportfolios

  • @anirbano
    @anirbano 3 ปีที่แล้ว

    Their copytrade feature can be made so much better. They should really provide an option to use some money to copy open trades and put in some money exclusively to copy future trades, not rebalance all trades based on future trades. This seems an obvious better system to me as it would allow real hands-off copytrading to people who don't wanna get much involved and want to auto-pilot their trading. I got into eToro because I thought copytrading was cool. Now after learning more about it and investing in general, I closed all my copy trades and reinvested the money for real crypto. In case of crypto, which is all that's available in eToro US, when you copytrade, you don't even actually own any crypto. All you can do is hope to close the copy at a profit someday. Makes no sense to use copytrade if you keep up with news at all and know what you are doing. I shouldn't need to sell all your crypto holdings to get any value out of it.

  • @SuuupaGirl
    @SuuupaGirl 4 ปีที่แล้ว +8

    Is there any point hitting "copy open trades" if you can see they made most of their profits already from trades they opened a long time ago? As in, you already missed the boat and won't see as big profits from copying those trades too? Is it better to wait for him to open new trades so you can gain same % profits as him?

  • @teesquare7627
    @teesquare7627 4 ปีที่แล้ว +2

    We miss you! Come back.

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว +3

      Heya - I'm not very well and can't make vids right now. Thanks for the support though! Much appreciated

    • @teesquare7627
      @teesquare7627 4 ปีที่แล้ว +3

      @@SocialTrading sorry to hear that. Get well soon. You have great content so hope you can get back to doing this soon.

    • @ramonanistor5640
      @ramonanistor5640 4 ปีที่แล้ว

      @@SocialTrading Get well soon! Just started trading and i find your videos super helpful, far better that many others!

    • @Os_-tw4ot
      @Os_-tw4ot 4 ปีที่แล้ว

      @@SocialTrading you are the man

  • @rutgerdondorp2221
    @rutgerdondorp2221 4 ปีที่แล้ว

    But what if you add money to the person you are allready copying. If The person you copy has 20 open trades in BTC for example and all are in the + and you add money with copy open trades it will retake those open positions to the date you add the extra funds and you loose all your profits you had over these 20 trades. Wouldn't it be advisable to don't use copy trades when you add extra money? When I added a 1000 dollars to one of the people I copy I lost a big chunk of my profits I had with that person. Plus my open positions got retaken so for the first few days my profits just went down, down, down.

  • @lakemee1
    @lakemee1 4 ปีที่แล้ว +1

    Love Love Love your videos. Thank you for taking the time to make them!

  • @user-lu6ce4yc9g
    @user-lu6ce4yc9g 3 ปีที่แล้ว

    But in open trades you also copy he's futer trades?

  • @hovseptatarian5046
    @hovseptatarian5046 3 ปีที่แล้ว +1

    Amazing content, been watching all your videos since the first one and will watch them all. You make it very easy to understand and point out very basic but very important questions that I believe all new traders think about. Here is one: if you copied a trader without copy open trades, and now you want to stop copying them, do you get you full money back if he/she didn’t use any of it?

    • @SocialTrading
      @SocialTrading  3 ปีที่แล้ว

      Hi there - Thanks so much :) Yeah, if they didn't use the money, it should just be returned to your available balance when the copy closes. At least I think so! :) Try it on the virtual portfolio first... You'd have to copy them when all the markets are closed to make sure they didn't place any trades. And then uncopy before the markets open....

  • @robd1859
    @robd1859 2 ปีที่แล้ว

    I did not select copy open trade but the person that I'm supposed to be copying is not Trading. How do I know when they're going to start trading because I clicked copy yesterday and they're not Trading

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      You'd have to ask them really - maybe leave a comment on their feed, or see if other people have already asked them the same thing there...

  • @aorjarsrelaxingvideos6126
    @aorjarsrelaxingvideos6126 3 ปีที่แล้ว +1

    Well thanks ... You just answered my question, I'm one that started not to copy old trades and only on new trades and it's worked for me ... Profit !

    • @hafizhashim6931
      @hafizhashim6931 3 ปีที่แล้ว

      I'm also leaning towards this. How did it turn out for you?

  • @johnorbegozo685
    @johnorbegozo685 3 ปีที่แล้ว

    So my how do taxes work in this anyone any input? How do they calculate your returns when someone else is making you money

  • @barbaracoli9529
    @barbaracoli9529 3 ปีที่แล้ว

    Thanks for these videos! How to know which leverage the people you are coping are using?

  • @muhammadtaghioladhamzehzar5764
    @muhammadtaghioladhamzehzar5764 4 ปีที่แล้ว +2

    Firstly i really enjoy your videos. I am interested to know after 3 years of using etoro platform are you really happy with trading using it? How much percent you have created during these years? I really appreciate if you answer these questions.

  • @lana72463
    @lana72463 3 ปีที่แล้ว

    Hello, if the trader I'm copying (T2) is also copying another trader (T1), would my portfolio reflect the trades made by T1?

  • @dharmikbrahmbhatt1522
    @dharmikbrahmbhatt1522 4 ปีที่แล้ว +2

    Great video. Simplifies many open questions ! Thank you very much.

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Cheers Dharmik - much appreciated :)

  • @staytuned7846
    @staytuned7846 7 ปีที่แล้ว +2

    I recommend you and thank you for your explanations and mentioning the price difference between the trader and the moment you copy his opend trades, to make it maybe simpler should not the person try to copy someone at the times the trader opens and closes trades if the trader mentions it, in doing so you can't do nothing wrong i presume. Once again gratitudes mate and have a rentable and more importantly happy new year.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Thanks for your feedback :) It really depends on how frequently the person you're copying trades - you can't know exactly when they will open a new trade, but, on their statistics page, at the bottom, you can see their trade frequency statistics which will give you an idea of how often they will use your money in trades.

  • @oc_hyt8666
    @oc_hyt8666 3 ปีที่แล้ว

    hi just a question, some of the 'copy traders' will mention a specific minimum copy amount, do you need to follow that? or it's more of a suggested amount? Like what if you go below the minimum? will you not get allocated anymore. Thanks!

  • @jomargalicia
    @jomargalicia 3 ปีที่แล้ว

    hello Im watching your vlogs,, what is your ETORO account? I will try to study your moves ,,,,

  • @Ramlan7100
    @Ramlan7100 4 ปีที่แล้ว

    Hi.. Thanks for sharing these videos. Love it! I got a question for you. If I didn’t click the “ Open Trades” at the start and now I want to change it where can I change it? Cheers!

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      You could either stop the copy, and re-copy with open trades clicked (you'll have to pay spread fees again) OR, you could add new funds to your account (if you can afford it) and click 'copy open trades' for the new funds... you'd have to be aware of the $1 minimum copied trade size though if you wanted to get all of the open trades with the new money you added...
      th-cam.com/video/BSxCSZHx5kI/w-d-xo.html
      Also, even if you do get all of their open trades by adding new funds and copying open trades, the speed at which your initial deposit will be used up in new open trades depends on how frequently the person you're copying trades - you can see that stats on the bottom left of their stats page. The more frequently they trade, the quicker your money will be used up in active trades. There's a few things to consider there.

  • @Mintyman718
    @Mintyman718 4 ปีที่แล้ว

    what happens when you copy a selling trade?

  • @potie8
    @potie8 3 ปีที่แล้ว

    feb to march all in red and negative on this ETORO :(

  • @thomasebbs8506
    @thomasebbs8506 3 ปีที่แล้ว +1

    Tom, do you personally copy open trades or not? Thank you.

    • @SocialTrading
      @SocialTrading  3 ปีที่แล้ว +1

      It depends on the trader's trading frequency and their overall trading style really. I mentioned some of the other reasons in the latest vid I did about copying open trades or not. I'm watching more for whether their overall portfolio composition is purposeful in terms of hedging...

  • @jerbizzalvarez6234
    @jerbizzalvarez6234 7 ปีที่แล้ว +1

    can you make a video of how to do short selling? thank you

  • @naidobrixnaidobrixx8089
    @naidobrixnaidobrixx8089 4 ปีที่แล้ว

    Hi, you are really good at teaching how to trade on the stock market. Thanks for this video

  • @thecovenant825
    @thecovenant825 3 ปีที่แล้ว

    Tom, what happens to your investment funds if the trader you are copying decides to stop trading or closes all accounts and takes his money out?

    • @SocialTrading
      @SocialTrading  3 ปีที่แล้ว +1

      As far as I can tell, if he were to take all of his money out and close his account, he'd be off the popular investors program, and we'd automatically stop copying him and our money (plus any profit, or minus any loss) would be returned to our available balance.
      I don't know the exact mechanism for how that would work though - I've not come across a situation where anyone is complaining that a trader they're copying left the site without warning...
      I've been copying people who decide publicly to stop being a popular investor and who decide to leave the eToro platform - there was no trouble there, on the day they said they'd leave they just closed all trades and from then on, there were no more new trades opened and a big pinned message on their profile saying they'd stopped trading on eToro. I actually kept copying them for an extra month to see if they came back :) But they didn't, so eventually I just stopped copying them and went and copied someone else.
      I've never seen a situation where a PI suddenly vanishes for whatever reason. I'd imagine eToro has a plan though, as it must happen...

  • @PeterUKTV
    @PeterUKTV 3 ปีที่แล้ว

    Hey hope you keeping well. Im back to etoro trading and i saw you still making new videos which is cool

  • @davidguez1333
    @davidguez1333 4 ปีที่แล้ว

    first of all thanks for your video it helped me a lot to understand several things. Please correct me if I am wrong, it would be a good strategy if my goal is to wait 6 months before making the withdrawal of the investment looking for someone to copy taking into account their general statistics in time and with open trades without looking so much if there are reds or green. all of this is correct?

  • @emiliozorrilla5188
    @emiliozorrilla5188 7 ปีที่แล้ว +1

    Thank you, very good explanations! Two questions:
    Do you know any trader I can copy that do not invest in criptocurrencies? I want to balance my portfolio, I am getting very dependant on cripto
    Could you do a video about how the overall profit (of your profile) is calculated? I dont get why Total allocated + available is not the same quantity I have deposited but a bit less (maybe fees)
    Greetings from Mexico

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว +2

      Hi there Emilio, thanks! Yeah, it's getting pretty hard to find good traders who aren't into trading cryptos, as the best traders don't limit themselves to any 1 type of asset, they go wherever the volatility and therefore profit is. What I'm looking for at the moment is people who only have cryptos as a small percentage of their portfolio, or who show broad diversification in the rest of their portfolio. There are a lot of U.S tech stocks + crypto portfolios out there at the moment, especially into Etoro's "Editor's Choice" recommendations so I'm constantly looking for others. I'll try to find some and maybe make a video about them. As for the calculations on profit, yeah they're not the simplest thing to understand, and I'll do a video on them too (to be honest there's still a few questions I have myself, so I'll make sure I'm giving you the facts before i make it :) )
      Greetings back from Malta

    • @emiliozorrilla5188
      @emiliozorrilla5188 7 ปีที่แล้ว +1

      Social Trading Vlog thanks a lot man. I have suscribed to your channel.. keep it going!

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Thanks man :)

  • @winkwinklilstar8499
    @winkwinklilstar8499 4 ปีที่แล้ว

    Hi Thomas, would like to know.. are we not being allowed to use copy trades in virtual portfolio?

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Yeah, as far as I know it's still there... cant you copy people in the virtual portfolio?

    • @winkwinklilstar8499
      @winkwinklilstar8499 4 ปีที่แล้ว

      I meant yeah.. I can use the copy people function, but I'm wondering why is it after I tried to copy trade the trader (with copy open trade) but nothing happen to my portfolio, it's still remain empty.

  • @Freemmaann
    @Freemmaann 4 ปีที่แล้ว +1

    I really think that eToro should hire you.. Prefer your videos about eToro way more than theirs.

  • @johnpaulrivera5150
    @johnpaulrivera5150 3 ปีที่แล้ว

    you explained things very well that a 5 year old kid would understand! very nice!

  • @sethking8745
    @sethking8745 4 ปีที่แล้ว +1

    Thanks! Explanation was very clear and exactly what i am looking for

  • @croness91
    @croness91 6 ปีที่แล้ว +4

    Thanks mister. I just started using eToro. Copy other people is great concept for beginners trying to make money in trading. :)

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว +1

      Yeah, I think so too. It's just finding the good ones which takes some practice :)

  • @fedepel4457
    @fedepel4457 3 ปีที่แล้ว

    there should be another option to tick "copy only drawdown open trades"

    • @SocialTrading
      @SocialTrading  3 ปีที่แล้ว

      I used to think that too, but now I'm more watchful of the context too. How long has the trade been drawn-down for? Is this trader the kind of trader who doesn't know how to cut their losses, or are they holding onto this losing trade for good reason? Is there a pattern to how they hold trades which are drawing-down? Can I see enough of their trading history to assure me that they're not just holding-until-it-goes-green-no-matter-what? I'm not sure if I'm right with these questions either :) But they've been increasingly added to my thinking since I made this video...

    • @fedepel4457
      @fedepel4457 3 ปีที่แล้ว

      @@SocialTrading thanks for enlightening us with your videos and thoughts. I'm more balanced into not copying open trades. I'm also testing with the virtual trading in both way.. let's see

  • @AzogDefilerFromMordor
    @AzogDefilerFromMordor 7 ปีที่แล้ว

    How long does it take to lets say close a trade? I mean if I copy someone and he closes trade at 01:00 at what time will be my trade closed? If delay is big, I could lose much more money than him.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Hi there, I think that because it's CFDs it's pretty much instant. Even with cryptos, you now trade real cryptos on Etoro unless you've opened the trade via a copytrade - then it's still CFDs. I was watching Jay Nemesis' live stream a few weeks ago and he closed a trade live on twitch and there were a couple of hundred people watching - he asked people to comment when the trade closed on their account and at what price, to check what the difference was (people who were copying him) - they all started to comment quickly - some took a few more minutes than others, but they were all closing at the same price that his closed at - we think it's because they were all CFDs so they don't have to rely on "Market liquidity" - (the availability of buyers at that particular price) to fill the orders in the same way that the real assets would if that's what was being traded. Jay's were real cryptos, but all the people copying him were actually trading CFDs based on the real asset.
      I'm not 100% sure on this though, so ask Etoro, and if they say something different, please let me know! :)
      Also, leave Gandalf alone, he seems a nice man.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Just in case that all sounds like jargon...
      "Market liquidity" basically means the amount of buyers and sellers there are at any given price for an asset. So if you take Jay - he has around 9000 copiers, so if he bought Bitcoin, they all bought bitcoin. If he sells Bitcoin, then if it was the real asset all of his copiers were trading, there would instantly be 9000 real bitcoin sells happening and you'd need 9000 buyers at that exact same price to fill all the orders - that would be highly unlikely so you'd see the price going further and further away from Jay's selling price, and the number 9000 guy would most likely get a much worse deal which would be unfair. I think CFDs work differently as they don't rely on the availability of buyers at that price in the same way, so Jay relies on market liquidity (or rather Etoro does - Jay simply closes the trade and it closes instantly at whatever price he sold it for as listed on Etoro) and then 8999 people close CFD trades for the same asset at the same price.
      Stocks are all still CFDs so this would be true too, but they're moving toward trading the real assets on Etoro too. However, I think all copied trades will most likely remain CFDs (I know they do for now) to address issues like this.
      (At least that's what I think, but check)

    • @pchalita
      @pchalita 7 ปีที่แล้ว

      New at Etoro and I want to affirm a question surrounding my mind, If someone I copy closes a trade It will close my trade as well without me doing anything? or I have to clse them manually when I realize he closed it (would be a hell if this last is true!) ... Great Vlog by the way, already suscribed ;)

  • @mberrouz840
    @mberrouz840 3 ปีที่แล้ว +1

    Good explanation mate

  • @suhyekim9241
    @suhyekim9241 7 ปีที่แล้ว +26

    honestly your channel has the most genuine commentary on etoro I have watched. Thank your for posting yours videos, keep it up!

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว +1

      Suhye Kim thank you so much :) I really appreciate it.

  • @kenson-real6280
    @kenson-real6280 4 ปีที่แล้ว

    You seems to be a very nice person sir! Thanks for all your insights! 😊

  • @deany252
    @deany252 4 ปีที่แล้ว +1

    Confirms what I thought but well explained Tom - cheers

  • @jadelsoueidi8019
    @jadelsoueidi8019 4 ปีที่แล้ว

    Can i set stop losses in the trades that are opened by the person that I copy .
    How many open trades ( traders That we can copy ) can have open at the same time .

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Nope - the people we copy set the stop losses on the individual trades they make - we're just mirroring exactly what they do. We can close copied trades manually, but not alter the parameters of the trade like leverage or stop loss or take profit.
      If they have enough money, and we're copying them with enough money to get past the minimum copied trades size rule, I don't think there is an upper limit on the number of trades we can copy via a trader. There could be, but I haven't seen that yet...

    • @jadelsoueidi8019
      @jadelsoueidi8019 4 ปีที่แล้ว

      @@SocialTrading if I’m coping someone can I close one single trade that is opened or I have to unfollow whomever I am copying if I wanna incash some money ?

  • @laureanoralon3880
    @laureanoralon3880 4 ปีที่แล้ว

    Hi there, thank you kindly for this. I'm a newbie, should I start by using the "Copy open trades" functionality then?

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว +2

      It depends who you're copying really - how frequently they open new trades etc and how patient you are... If in doubt, ask the trader who you want to copy whether you should copy open trades or not. I copied Harshsmith again this week, and wasn't sure, so I asked him, and he told me the best time to start the new copy with open trades... Useful!

  • @haughtonist2259
    @haughtonist2259 7 ปีที่แล้ว

    Can you part copy ? Is it possible to select only the trades you want to copy on an account, or is it literally COPY ALL ONLY with the only two options being to "copy open trades" ticked or unticked

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Yeah, you have to copy them all - there's no selective copy feature. Might be useful actually - especially for people who only want to copy crypto positions etc, but for now, nope. Not as far as I know anyhow :)

  • @dunhillalberto4186
    @dunhillalberto4186 6 ปีที่แล้ว

    The best explanation thank bro.. how about forex trading do they have on etoro?

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว

      Yep, there's forex on Etoro :) Thanks!

  • @RoseBagaporoChannel
    @RoseBagaporoChannel 4 ปีที่แล้ว

    Hi thank you for informative video more power to your channel and I have question Philippines is acceptable in etoro? Because I can't copy any people trades even I complete my profile

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      hi there - if you go to the eToro help section
      www.etoro.com/learn-more
      and type "is etoro blocked in my country" it comes to a page which shows all the countries where you can't use eToro, and the Philippines wasn't on the list, so from that, I'd imagine it's fine to use eToro there - but I'd ask eToro directly if I were you, just to make sure...

  • @b33p
    @b33p 3 ปีที่แล้ว

    Very good explanation. Subscribed.

  • @katherinewood256
    @katherinewood256 7 ปีที่แล้ว

    These videos are great - thank you. I have a question.I followed Jay on open trades, back in September. Now its highly volatile I'd prefer to do new trades when I add funds to Jay. It doesn't have this option when I am adding a second round of money. Will a second round of deposits go to new or open trades?

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Hi Katherine. It will get used up in new trades as you can't edit trades which are already open. A lot of people seem to be wanting to do the opposite and add money straight into their open trades, but when they find out they can't they then ask whether they should close the copy and re-open the copy with the 'copy open trades' option selected. Scary idea when there's so many all-time-highs and so much volatility. You can check the bottom of the trader's stats page to get an idea of how often per week they'll be opening new trades and therefor using up some of that new money you add. Hope it all goes well.

    • @katherinewood256
      @katherinewood256 7 ปีที่แล้ว +1

      Wonderful, thank you. Keep up the good work.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Cheers Katherine :)

  • @ekeneigboerika2112
    @ekeneigboerika2112 3 ปีที่แล้ว

    What is the implication of this scenario? I copied someone for the first time with 1000 $ (open trades?), I then added funds 100 $, but this time I didn't copy open trades, is this a good strategy or not?

  • @oddeology1259
    @oddeology1259 4 ปีที่แล้ว

    can you selectively copy just the trades in red?

    • @rodybolssens
      @rodybolssens 3 ปีที่แล้ว

      I would say just copy all trades, and directly cancel all (sub)trades witch are in green; would that work..?

  • @boskomitreski
    @boskomitreski 7 ปีที่แล้ว

    Hi, I would like to ask you why I am not able to copy a trader? I just added my first funds on my account but it says based on the information provided in your profile, copy trading is currently disabled in your account. Thx

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Do you know, I've never heard that one before ... I have no idea! You'll have to ask them directly, as I just don't know what would cause that one. Hope it works out O.K, and if you can be bothered, let me know what they say. That's a new one.

    • @boskomitreski
      @boskomitreski 7 ปีที่แล้ว +1

      I resolved :) at the begining thy ask you what are your goals how much do you atend to earn or to risk. I have provide information that I want to risk small amounts and ofcourse expecting small reward and thats why the system doesen't allow me to copy middle or high risk traders lets say "4" or "5". I have changed that and now everything is ok.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Excellent. Well spotted! :)

  • @veljkoratkovic450
    @veljkoratkovic450 7 ปีที่แล้ว

    I have a question, i try to deposit money on etoro but it wont let me beacuse my acount is not verified but to verify my account i need to deposit money so i dont understand that, can you explain please.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Hi there - to verify your account you don't need to deposit money, you need to upload a copy of your ID or passport, as well as a recent utility bill or bank statement which shows the address you registered with on it. When i first got asked to do this i was also worried - "Why do you need that?" i thought, but i did a little checking around the internet and it's standard for all exchanges to ask this - it has to do with their regulators who require it (i think for anti money-laundering laws - although there are probably way more reasons they want to know who we all are).

  • @MediaBrighton
    @MediaBrighton 6 ปีที่แล้ว +2

    Great content. Can you tell... Can you lose more than the amount you invest with copy trading?

    • @Hobbies-and-Experiments
      @Hobbies-and-Experiments 6 ปีที่แล้ว

      That's what we all want to know the answer to :) 2 months and no reply, What a shame. :(

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว

      Not as far as I know, nope. When you open a new copy on a trader, there's a 'copy stop loss' which you have to set. This is there to automatically close the entire copy if you ever lose a certain amount of the money you have invested with that trader. The maximum you set it to is 95% of the money you have invested with them.

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว

      been gone a while...

    • @Hobbies-and-Experiments
      @Hobbies-and-Experiments 6 ปีที่แล้ว

      Social Trading Vlog thanks for that☺

  • @debhasish
    @debhasish 4 ปีที่แล้ว

    Great! Thank you for making this video.

  • @redzool
    @redzool 6 ปีที่แล้ว +2

    through my experience of the demo I would say it's better to wait for new trades because you don't want to be caught buy a trader that has trades that are taking a downturn

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว +3

      There's a lot of things to consider with this one... I don't copy open trades anymore, unless I see that the trades I'm about to copy are going in the right direction via my own analysis. It depends really, but usually I don't anymore either.

  • @hewhobringsthenight9907
    @hewhobringsthenight9907 4 ปีที่แล้ว +2

    videos are so clean that corona cant infect!

  • @kayseifried577
    @kayseifried577 7 ปีที่แล้ว

    Thanks for the great video! If you copy a trader and that person trades with X2, X4 or more, does that mean that I also copy the overnight fees of the trades?

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Hi Kay, thanks! :) Yes, I believe so - you might want to ask Etoro directly to be sure, but my understanding is that all copied trades have the same characteristics as if you traded yourself - the trade is merely executed by someone else for you, but it's your trade opened in your account with all of the regular fees and characteristics of a trade. If they say otherwise, please let me know!

  • @aliasgersadriwala5974
    @aliasgersadriwala5974 3 ปีที่แล้ว

    If I'm copying someone who's investing in crypto, do you suggest me to copy open trades?

    • @SocialTrading
      @SocialTrading  ปีที่แล้ว

      Really up to to you ... It depends what you can risk, and the style of the trader you're copying. If they hold trades open for a year, then I'd wonder if it's worth waiting for a year to copy another trade (if i don't copy open trades)

  • @lilihealth7217
    @lilihealth7217 6 ปีที่แล้ว

    hello, how much money we need to invest at first please ?

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว

      Hey there - it keeps changing, so I'm not entirely sure right now. Here's what i found in their help section :
      Depending on your region and country regulations, the minimum first-time deposit varies from $200 to $10,000.
      To view your required minimum deposit, simply click “Deposit Funds,” and the minimum required amount will appear in the “Select Amount” box.

  • @chrismallia85
    @chrismallia85 3 ปีที่แล้ว +1

    Love your content

  • @dr.samueltorvalds3330
    @dr.samueltorvalds3330 3 ปีที่แล้ว

    How can one trade Forex with $100?

    • @mrskristindevoe7342
      @mrskristindevoe7342 3 ปีที่แล้ว

      It seem you are a good and productive trader in forex

    • @mrerickmorphy5527
      @mrerickmorphy5527 3 ปีที่แล้ว

      You can only trade when you have good broker

    • @vininchandran7326
      @vininchandran7326 3 ปีที่แล้ว

      I am from Canada 🇨🇦, I need some advice please. In trading forex and Bitcoin, which one is best right now?

    • @victorykane8170
      @victorykane8170 3 ปีที่แล้ว

      @@vininchandran7326 Both of them are profitable, you have to go for your choice.

    • @carlosalbertosousa1235
      @carlosalbertosousa1235 3 ปีที่แล้ว

      @@vininchandran7326 Note: you don't invest in bitcoin, you speculate

  • @alexlook8017
    @alexlook8017 5 ปีที่แล้ว

    If you copy trade someone with open trades does it purchase at the current price or the price in the past the trade was made ?

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว +1

      The current price :) Otherwise it would be like having an amazing time-machine money-making machine so we could buy at the old price and sell straight away at massive profit :) that would be pretty good...

    • @alexlook8017
      @alexlook8017 5 ปีที่แล้ว

      @@SocialTrading Makes sense. Would it be an idea to copy someone's open trades who has a good risk rating/ overall history who has lots of trades already in Red then ? If you then buying them at a better price

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว

      As far as I can see right now, it depends on what's currently happening with the assets they have open and what the PI sees as the future for them - my current strategy is to have a look and apply some basic technical analysis to the open trades, but then I also ask the Pi directly, as they'll hopefully have more insight into the fundamentals of the assets and why they've still got those trades open.

  • @aliqawasmeh2808
    @aliqawasmeh2808 7 ปีที่แล้ว +1

    Thank sir, for these explanations and I waiting for another video, I wish to you the best.

  • @MO.AK77
    @MO.AK77 4 ปีที่แล้ว

    Love your videos , good quality work, I have a question : If I have invested In copy trade USD 500 and selected copy open trade and later I want to invest the same amount do you recommend to also select copy open trade 😊

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Thanks :) It really depends what you're after, and whether you want to wait until the trader uses up your newly added funds if you don't copy open trades. It depends how frequently the trader will make new trades and start using your money (you can see their average trade frequency at the bottom of their stats page). It also depends if you want to be exposed to the current market moves, or let the trader slowly use up the money over more time - again though, it depends how frequently they usually trade...

  • @theunseen5619
    @theunseen5619 5 ปีที่แล้ว

    I'm not used to this..but it looks easy,or am i wrong?

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว +1

      I'm still learning. I think it's really really easy to lose a lot of your money to be honest. That's why I'm going for lower risk traders to copy now, even if that means lower potential returns...

  • @AussieMoneyMan
    @AussieMoneyMan 5 ปีที่แล้ว +2

    Great explanation mate, you do a good job.

  • @TRENDVFY
    @TRENDVFY 4 ปีที่แล้ว +4

    Hi Simon! :D .. like this vids anyway cheers!

  • @TheLittleFookersHumum
    @TheLittleFookersHumum 3 ปีที่แล้ว +1

    Thank you. Good info. 😎

  • @jimiyoshi_
    @jimiyoshi_ 5 ปีที่แล้ว +2

    Thanks for the video, very informative. Keep it up mate 😎

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว +1

      Cheers James :) Much obliged

  • @jeffbirung
    @jeffbirung 7 ปีที่แล้ว

    How to hold trade in etoro?

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Hi there, I'm not sure what you mean exactly.

  • @AlaKareem
    @AlaKareem 7 ปีที่แล้ว +4

    I start to think that etoro doesn't worth it, with all the fees.

    • @bendaftari8461
      @bendaftari8461 7 ปีที่แล้ว +1

      It's really insane, we pay fees even on our Deposit. If you deposit 2000 euro and you want to withdraw it right a way, you have 1950 euro (exchange fee) to withdraw minus 25$ withdrawal fee.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว +2

      I'm not sure how much higher than are than other exchanges though. I mean i know all of the exchanges have some sort of withdrawal fees, so i'd have to see what they're like in order to compare. I will be soon as I'm getting into crypto exchanges now, but until then i can't truly say. Yeah it is a bit cheeky really asking for $25 just to give you your money back, but i do think they all do that. The point about the big exchange rate when they change your money back upon withdrawal - that one seems more dodgy, so I'll ask about that one and see what they say.

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว +4

      So i just asked them (on their help chat) I asked what their exchange fees were and they led me to their fees page - the furthest right tab does show all of their exchange rate fees, which says 250 pips if it's from Eur / USD , and 50 pips if it's U.K to USD - the other major currencies are also listed. I asked if this was high compared to say getting your bank to do the exchange itself and then transferring dollars directly to them. They said they didn't know and you'd have to ask your own bank to check this. I asked if they had compared their exchange rates to any form of "industry standard" and they said there wasn't an "industry standard" so i asked if maybe they had compared their exchange rate to the exchange rates of the top 5 European banks, and they said no, they hadn't. Which I think is a bit weak of them. So what they suggested was to actually ask your bank how much that same exchange would cost with them and see the comparison from there. Someone did tell me that they found the Etoro exchange rates really competitive, and they were a well informed person, but I'm not sure now. I might actually check with my own bank next time I'm in there :)

    • @AlaKareem
      @AlaKareem 7 ปีที่แล้ว

      you're doing great , but i really think you should consider other platforms, like what am doing right now.

    • @bendaftari8461
      @bendaftari8461 7 ปีที่แล้ว

      Thanks for asking Thomas. 250 Pips, so bad for us from Europ. and it's an unwanted trade too because USD get weaker every day and EUR stronger, and if trump does something stupid we have nothing in our pocket other than some useless USD :D

  • @tim91tim
    @tim91tim 5 ปีที่แล้ว

    Is ETORO for long term investors?

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว

      Hi there. There are long term investors on Etoro - taking advantage of dividend payments etc...

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว

      I'm not sure how the system stacks up against others for long term investments though - I'm really here because of the copy trading facility.

  • @evaparial1452
    @evaparial1452 3 ปีที่แล้ว

    Thanks for your videos👍

  • @billanthony8230
    @billanthony8230 7 ปีที่แล้ว

    Liked and subscribed
    Thank you!

  • @jimmyc9925
    @jimmyc9925 6 ปีที่แล้ว +1

    Apart from crypto, If you cannot dedicate a huge protion of your week to analysing the markets / graphs you will not make money trading. just dipping in and out of the market with a small account will get you no were. to make money in stocks as a working person you are much better off working hard at your own job and transfering funds over into copy trading . its not exciting but thats a good thing. your money will grow.

    • @SocialTrading
      @SocialTrading  6 ปีที่แล้ว +1

      I'd agree. Then you just have to find the right people to copy... I think that was a big part of why i wanted to understand trading more - so i could maybe stand a better chance of picking good traders.

  • @timbrooks2763
    @timbrooks2763 3 ปีที่แล้ว

    Patients is key no fomo, thats exactly what he just described.
    Enter with Patients and a plan

  • @flohavefun79
    @flohavefun79 4 ปีที่แล้ว +1

    Thanks for your great videos, even old vids, just opened up new Etoro here and this explanations helps in copying trades topic. God bless,

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Cheers Florisa - God Bless you too :)

  • @jackknifer1
    @jackknifer1 7 ปีที่แล้ว +1

    I love you videos! Very well explained and structured, keep the good work man!

  • @SelfProcessU
    @SelfProcessU 5 ปีที่แล้ว +2

    Thank you so much for your explanation. very easy to follow

  • @aljonalfonso1072
    @aljonalfonso1072 4 ปีที่แล้ว

    From Philippines, I your new Subscriber really appreciate your videos learn a lot im just newbie in etoro
    keep it up! more power..

  • @caseyisafox4233
    @caseyisafox4233 5 ปีที่แล้ว +1

    So clear and helpful which resolves issues l’ve been concerned about!!!Thank a lot!

    • @SocialTrading
      @SocialTrading  5 ปีที่แล้ว

      Glad it helped a bit :) Excellent.

  • @salafz8873
    @salafz8873 3 ปีที่แล้ว

    You sound like the poshest road man ever bro! Lol, but seriously, thanks for the vid, very informative and clear!

  • @МартинДимитров-с3г
    @МартинДимитров-с3г 4 ปีที่แล้ว

    Thank you!

  • @Fishheadmeow
    @Fishheadmeow 5 ปีที่แล้ว

    Thank you for sharing! Your sharings are great for newbies like me!

  • @tonykins1945
    @tonykins1945 3 ปีที่แล้ว

    There's one excellent trader I copy who actually advises NOT to copy open trades

  • @jorgelobo2642
    @jorgelobo2642 7 ปีที่แล้ว +1

    Thank you for your videos
    They are helping me a lot

    • @SocialTrading
      @SocialTrading  7 ปีที่แล้ว

      Cheers Jorge, I appreciate it - hope it's all going well!

  • @two-b6171
    @two-b6171 6 ปีที่แล้ว

    Already hear the lambo

  • @ardie203
    @ardie203 3 ปีที่แล้ว

    thanks for all the tips and for being so good looking :)

  • @mehdikhadem2576
    @mehdikhadem2576 4 ปีที่แล้ว

    Thanks, Lovely Video!

  • @keithdobbs1205
    @keithdobbs1205 4 ปีที่แล้ว

    So i just deposited 20k into my account, copied someone like you said to in the last video and lost 11%...... haha only joking, thanks for the vids, very clear and informative!

    • @SocialTrading
      @SocialTrading  4 ปีที่แล้ว

      Hope it all goes well! And thanks :)