the agreement remains in regards to our analysts saying to purchase to hold to offer the stock all the ratings where it’s come from Binance Vs Etoro Crypto…
so i think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a fast video just taking you through the advantages and disadvantages 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 wish to give it a go let’s jump straight in so the first huge pro for me is the truth that they have expert ratings and research i definitely like this it’s got an entire page for each of the stocks just telling you what experts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers you the cost targets that they believe it
will reach um what so you can see here like citigroup morgan stanley um the hedge fund activities where the hedge funds are buying or selling and the insider deals as well so it simply reveals you whether insiders have actually bought the shares um over the last few months or not i believe this is absolutely terrific and displayed in a really simple format so for me this is a substantial plus for the platform a second huge plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i think this reduces your foreign exchange threat so in theory you could simply top up a larger amount when the currency remains in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx fees whenever that you make a transaction whereas here that doesn’t happen you simply pay the fx charge
What is social trading?
when you top up and when you withdraw and transform back to your own currency this clearly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it offers you access not simply to stocks however likewise to products and cryptocurrency undoubtedly this isn’t really something that beginners ought to meddle but it does have that choice for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally enter and speak with people comment on post see what individuals are posting about each specific stock nearly have like conversations about it and you can actually look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are investing in consisting of the popular traders you can see the revenues they’ve made and whatever it is very transparent and i believe it’s really great since you frequently get like alerts stating like so many individuals are talking about tesla right now like see all the posts
here and it’s truly cool just to see what individuals are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 alternatives i think i’ve pointed out prior to you can either copy private people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually talked about this before however they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s really cool and i think it’s a big plus of the platform since they’ve got loads of various styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my point of view is it’s simply got a really nice design control panel and the method it’s set up so unlike the other platforms that i usage at the moment they have an actually really nice desktop variation it looks actually tidy easy to use i didn’t actually have any problems with finding out what to do i like that for each stock you can go in 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 simply inform you all the news about that specific stock it’s truly cool and likewise your portfolio just looks clean and actually good and in fact has a lot of information on the primary portfolio page which i truly like now for the cons i think there are 3 main cons in regards to in my opinion plainly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i use them myself however ones to be familiar with the very first one i think it is a little bit too simple to trade cfds so because the cfd platform and the normal trading platform are integrated into one it makes it rather simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and inadvertently open a cfd which is actually excellent which’s pretty much one of the primary factors that i do use them so it’s not really something to stress over unintentionally doing however i typically believe that a lot of the platforms that use cfds ought to make it even harder to open cfds for retail financiers i know quite a few individuals who have actually lost rather a lot of cash um not on in fact however still trading cfds so i believe generally there must most likely be a bit more it’s going to state guideline however simply normally 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 fees so this is something that shows up a lot when i speak about is individuals grumbling about the fees now yes whilst you may compare to certain platforms that have lower fees there are likewise loads of platforms that have much higher costs so swings and roundabouts actually it all depends on the big picture um they have a 5 dollar withdrawal cost is that truly that much possibly if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes maybe that’s a lot but 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 most likely not so simply weigh that up um when you when you look at it there’s a few other fees on their charge page but normally the actual investing into stocks is commission totally free so when you have actually topped up you can do as many deals as you desire in terms of purchasing underlying possessions without paying extra costs and finally the last con from me is the portfolio history so i discover it a little bit difficult to figure out sort of what i have actually invested where i have to go into each individual stock just to see when i’ve 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 actually like to see all of the investments if possible and also i’ve still not really found out the dividends and how that appears so that potentially is like a little a 50 50 for me not quite sure yet to enjoy this area that’s practically it if you have an interest in providing a go i do have a recommendation link down below that you can utilize and you don’t even need to top up you can simply use the virtual portfolio initially just to see what you believe find out the platform and after that decide on whether you want to use it or not so i ‘d enjoy to know your ideas if you do try it out what you think of it and yeah that’s practically it for th.