the consensus is in terms of our experts saying to purchase to hold to offer the stock all the ratings where it’s come from Answers To Etoro Questions…
so i believe there’s a great deal of interest about i do get a great deal of questions asking me about the platform so i thought i would do a quick video just taking you through the benefits and drawbacks the important things that i think are good about the platform and the important things i believe are bad about the platform and after that you can make a decision on whether or not you want to give it a go let’s jump directly in so the very first big pro for me is the fact that they have expert rankings and research study i definitely like this it’s got an entire page for each of the stocks just informing you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it appears like it provides you the rate targets that they think it
will reach um what so you can see here like citigroup morgan stanley um the hedge fund activities where the hedge funds are purchasing or offering and the expert deals as well so it just shows you whether experts have bought the shares um over the last few months or not i believe this is absolutely excellent and shown in an actually easy format so for me this is a substantial plus for the platform a second big plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange danger so in theory you might simply top up a larger quantity when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx charges every time that you make a deal whereas here that doesn’t occur you simply pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it gives you access not just to stocks but likewise to commodities and cryptocurrency clearly this isn’t actually something that novices should meddle however it does have that alternative for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally go in and talk with people comment on post see what individuals are posting about each private stock almost have like conversations about it and you can in fact look at individuals’s portfolios so you can go into anybody’s profile click their portfolio and see what they are investing in including the popular traders you can see the revenues they’ve made and everything it is extremely transparent and i think it’s actually excellent due to the fact that you frequently get like alerts saying like so many people are talking about tesla today like see all the posts
here and it’s really cool simply to see what individuals are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have two choices i believe i have actually mentioned before you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this prior to but they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s truly cool and i think it’s a huge plus of the platform because they’ve got loads of different themes of these portfolios um that you can pick from so that’s a big plus for me the last pro from my point of view is it’s just got an actually good design control panel and the method it’s set up so unlike the other platforms that i usage at the moment they have a really really nice desktop version it looks actually clean easy to use i didn’t truly have any issues with determining what to do i like that for each stock you can enter and see everything in one place you know you can click
on the chart you can click on the research you can click the news and it will just inform you all the news about that specific stock it’s really cool and also your portfolio just looks actually great and clean and in fact has a lot of data on the primary portfolio page which i really like now for the cons i believe there are 3 primary cons in regards to in my opinion clearly they’re not ones that have put me off using the platform um you know i have actually done portfolio updates i utilize them myself however ones to be familiar with the very first one i believe it is a bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it rather simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and mistakenly open a cfd which is actually good which’s pretty much one of the main reasons that i do utilize them so it’s not truly something to stress over accidentally doing but i typically think that a great deal of the platforms that provide cfds should make it even harder to open cfds for retail investors i understand quite a few people who’ve lost quite a lot of money um not on really however still trading cfds so i think normally there must most likely be a bit more it’s going to state policy however just generally a little more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that shows up a lot when i discuss is people complaining about the charges now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much higher fees so swings and roundabouts truly all of it depends on the big picture um they have a 5 dollar withdrawal cost is that really that much perhaps if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re only going to be taking out like a thousand pounds at a time then does it really matter probably not so simply weigh that up um when you when you look at it there’s a couple of other fees on their fee page but generally the real investing into stocks is commission complimentary so once you have actually topped up you can do as many transactions as you want in regards to purchasing underlying properties without paying additional charges and finally the last con from me is the portfolio history so i find it a bit tough to figure out sort of what i’ve invested where i need to go into each individual stock simply to see when i have actually invested into it and how much instead of seeing that on my portfolio history the only thing that i can see on the history is the top-ups an.
the copy trading um so i ‘d really like to see all of the investments if possible and also i’ve still not actually figured out the dividends and how that appears so that possibly is like a little bit of a 50 50 for me not quite sure yet to see this space that’s pretty much it if you have an interest in providing a go i do have a recommendation link down below that you can utilize and you do not even need to top up you can simply utilize the virtual portfolio initially just to see what you think discover the platform and then make a decision on whether you want to use it or not so i ‘d love to understand your ideas if you do try it out what you consider it and yeah that’s pretty much it for th.