the agreement remains in terms of our experts saying to buy to hold to sell the stock all the ratings where it’s come from Blockfi Vs Etoro…
so i believe there’s a great deal of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a fast video simply taking you through the benefits and drawbacks the things that i think are great about the platform and the important things i believe are bad about the platform and then you can make a decision on whether or not you want to try let’s dive directly in so the first huge pro for me is the fact that they have analyst ratings and research i absolutely enjoy this it’s got a whole page for each of the stocks just telling you what analysts are doing and saying about the stock so you can see here for instance on johnson and johnson what it looks like it gives 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 transactions as well so it just reveals you whether insiders have bought the shares um over the last few months or not i believe this is definitely great and shown in a truly simple format so for me this is a substantial plus for the platform a second huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i believe this lessens your foreign exchange danger so in theory you could just top up a larger amount when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx costs each time that you make a deal whereas here that doesn’t happen you just pay the fx fee
What is social trading?
when you top up and when you withdraw and convert back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it offers you gain access to not simply to stocks but likewise to products and cryptocurrency obviously this isn’t really something that beginners need to dabble in however it does have that alternative 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 go in and speak to individuals discuss post see what people are publishing about each private stock almost have like discussions about it and you can in fact take a look at individuals’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are buying including the popular traders you can see the profits they have actually made and everything it is extremely transparent and i think it’s really excellent due to the fact that you typically get like notices stating thus many people are discussing tesla today like see all the posts
here and it’s truly cool just to see what people are thinking the next pro of the platform is in my opinion the copy portfolios so they have two choices i think i’ve mentioned before you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually spoken about this prior to but they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s kind of like an etf in my opinion um it’s truly cool and i think it’s a huge plus of the platform because they have actually got loads of different styles of these portfolios um that you can select from so that’s a big plus for me the last pro from my viewpoint is it’s simply got an actually good design control panel and the way it’s established so unlike the other platforms that i use at the moment they have a really really nice desktop version it looks truly clean easy to use i didn’t really have any issues with figuring out what to do i like that for each stock you can enter and see everything in one location you understand you can click
on the chart you can click the research study you can click the news and it will just inform you all the news about that specific stock it’s actually cool and also your portfolio simply looks clean and actually nice and in fact has a great deal of information on the primary portfolio page which i really like now for the cons i think there are 3 primary cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you know i have actually done portfolio updates i utilize them myself however ones to be aware of the first one i believe it is a bit too simple to trade cfds so since the cfd platform and the regular trading platform are integrated into one it makes it quite easy for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and accidentally open a cfd which is truly great and that’s pretty much one of the primary reasons that i do use them so it’s not truly something to worry about accidentally doing however i usually think that a lot of the platforms that offer cfds should make it even harder to open cfds for retail investors i know several individuals who have actually lost quite a great deal of money um not on actually but still trading cfds so i believe normally there need to probably be a bit more it’s going to say policy but just usually a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i talk about is people complaining about the charges now yes whilst you might compare to specific platforms that have lower fees there are likewise loads of platforms that have much greater costs so swings and roundabouts truly it all depends on the big picture um they have a five dollar withdrawal charge is that truly that much perhaps if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it actually matter most likely not so just weigh that up um when you when you take a look at it there’s a couple of other fees on their fee page but normally the actual investing into stocks is commission complimentary so once you have actually topped up you can do as lots of deals as you desire in terms of purchasing underlying assets without paying additional fees and finally the last con from me is the portfolio history so i discover it a little bit tough to determine sort of what i’ve invested where i have to go into each private stock simply to see when i have actually invested into it and how much rather than 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 truly like to see all of the investments if possible and likewise i have actually still not truly determined the dividends and how that shows up so that potentially is like a little bit of a 50 50 for me not quite sure yet to see this space that’s practically it if you have an interest in giving them a go i do have a recommendation link down below that you can use and you don’t even need to top up you can just utilize the virtual portfolio initially simply to see what you think find out the platform and after that make a decision on whether you want to utilize it or not so i ‘d like to know your ideas if you do try it out what you think about it and yeah that’s pretty much it for th.