the consensus is in terms of our analysts saying to buy to hold to sell the stock all the rankings where it’s come from Can I Buy Shares On Etoro…
I believe there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video just taking you through the pros and cons the things that i think are excellent about the platform and the things i believe are bad about the platform and then you can make a choice on whether or not you desire to provide it a go let’s dive straight in so the very first big pro for me is the reality that they have analyst ratings and research i absolutely love this it’s got a whole page for each of the stocks simply telling you what experts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it provides you the price 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 offering or buying and the insider transactions as well so it just shows you whether experts have actually bought the shares um over the last few months or not i think this is absolutely excellent and displayed in an actually 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 held in u.s dollars so i guess this is subjective but i think this decreases your forex risk so in theory you might simply top up a larger amount when the currency is in your favor and simply hold the money waiting to invest it for a lot of the platforms you need to pay the fx costs each time that you make a deal whereas here that doesn’t happen you just pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this certainly works best if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it provides you gain access to not simply to stocks however likewise to products and cryptocurrency certainly this isn’t actually something that beginners must meddle however it does have that option for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually go in and speak to individuals comment on post see what individuals are publishing about each individual stock almost have like discussions about it and you can in fact take a look at people’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are investing in including the popular traders you can see the profits they have actually made and everything it is very transparent and i think it’s truly good since you typically get like notices saying thus many individuals are discussing tesla today like see all the posts
here and it’s really cool simply to see what people are believing the next pro of the platform is in my viewpoint the copy portfolios so they have two choices i believe i’ve discussed 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 discussed this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i think it’s a huge plus of the platform since they’ve got loads of various styles of these portfolios um that you can pick from so that’s a huge plus for me the last pro from my perspective 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 a truly really nice desktop version it looks actually tidy easy to use i didn’t really have any problems with finding out what to do i like that for each stock you can go in and see whatever in one location 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 particular stock it’s truly cool and likewise your portfolio just looks tidy and actually nice and in fact has a great deal of data on the primary portfolio page which i truly like now for the cons i believe there are 3 primary cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i have actually done portfolio updates i use them myself however ones to be aware of the very first one i think it is a bit too simple to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it quite easy for people to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and mistakenly open a cfd which is actually great which’s practically among the primary factors that i do use them so it’s not truly something to worry about unintentionally doing however i typically believe that a great deal of the platforms that offer cfds ought to make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost rather a great deal of money um not on really however still trading cfds so i believe generally there ought to most likely be a little bit more it’s going to say guideline but just usually a little more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i discuss is people complaining about the fees now yes whilst you may compare to particular platforms that have lower charges there are also loads of platforms that have much greater costs so roundabouts and swings really everything depends on the big picture um they have a five dollar withdrawal cost is that really that much possibly if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes perhaps 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 costs on their fee page however usually the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as lots of deals as you desire in terms of purchasing underlying possessions without paying additional charges and finally the last con from me is the portfolio history so i find it a little bit hard to figure out sort of what i’ve invested where i have to go into each specific stock just 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 truly like to see all of the financial investments if possible and likewise i have actually still not really determined the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to see this area that’s basically it if you have an interest in giving them a go i do have a referral link down listed below that you can utilize and you do not even need to top up you can simply utilize the virtual portfolio at first just to see what you think find out the platform and then make a decision on whether you want to utilize it or not so i ‘d enjoy to know your thoughts if you do try it out what you think about it and yeah that’s basically it for th.