the consensus is in regards to our analysts saying to purchase to hold to sell the stock all the scores where it’s come from Can I Buy Stocks On Etoro…
so i believe there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed i would do a quick video just taking you through the benefits and drawbacks the important things that i believe are excellent about the platform and the important things i think 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 very first big pro for me is the reality that they have analyst rankings and research study i absolutely like this it’s got a whole page for each of the stocks just informing you what experts are doing and stating about the stock so you can see here for example on johnson and johnson what it appears like it provides you the cost 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 insider deals too so it just shows you whether insiders have purchased the shares um over the last couple of months or not i believe this is absolutely great and shown in a really easy 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 decreases your foreign exchange danger so in theory you could simply top up a bigger amount when the currency remains in your favor and just hold the money 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
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 3rd big pro of the platform in my opinion is that it gives you access not simply to stocks however also to products and cryptocurrency undoubtedly this isn’t truly something that beginners should meddle but it does have that choice for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk to people comment on post see what individuals are publishing about each private stock nearly have like discussions about it and you can really look at people’s portfolios so you can go into anybody’s profile click their portfolio and see what they are investing in consisting of the popular traders you can see the earnings they have actually made and whatever it is extremely transparent and i think it’s really excellent due to the fact that you often get like notifications saying thus lots of people are speaking about tesla today like see all the posts
here and it’s actually cool just to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have two alternatives i believe i have actually pointed out prior to you can either copy specific 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 energy portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s truly cool and i believe it’s a big plus of the platform because they’ve got loads of different themes of these portfolios um that you can choose from so that’s a big plus for me the final pro from my perspective is it’s just got a truly nice design dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a really truly good desktop version it looks really clean easy to use i didn’t really have any issues with finding out what to do i like that for each stock you can go in and see whatever in one place you understand you can click
on the chart you can click on the research you can click the news and it will simply tell you all the news about that specific stock it’s really cool and also your portfolio just looks tidy and truly nice and really has a lot of information on the main portfolio page which i actually 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 actually put me off utilizing the platform um you know i’ve done portfolio updates i use them myself but ones to be knowledgeable about the first one i think it is a little bit too simple to trade cfds so due to the fact that the cfd platform and the regular trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and mistakenly open a cfd which is really great and that’s pretty much among the main factors that i do utilize them so it’s not actually something to stress over mistakenly doing but i usually think that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i know many individuals who have actually lost quite a lot of cash um not on really however still trading cfds so i think usually there should probably be a bit more it’s going to say guideline but just normally a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that shows up a lot when i discuss is individuals complaining about the fees now yes whilst you may compare to certain platforms that have lower fees there are also loads of platforms that have much greater costs so swings and roundabouts actually it all depends on the big picture um they have a five dollar withdrawal cost is that truly that much maybe if you’re continuously 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 getting like a thousand pounds at a time then does it truly matter most likely not so simply weigh that up um when you when you take a look at it there’s a few other fees on their fee page but generally the real investing into stocks is commission free so as soon as you’ve topped up you can do as many transactions as you desire in terms of buying underlying possessions without paying extra fees and finally the last con from me is the portfolio history so i find it a little bit challenging to figure out sort of what i’ve invested where i need to go into each private stock simply to see when i have actually invested into it and just 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 actually like to see all of the financial investments if possible and also i have actually still not really determined 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 enjoy this space that’s pretty much it if you are interested in giving them a go i do have a referral link down listed below that you can use and you do not even have to top up you can just utilize the virtual portfolio initially just to see what you believe learn the platform and after that make a decision on whether you want to use it or not so i ‘d like to understand your ideas if you do try it out what you think of it and yeah that’s basically it for th.