the agreement is in terms of our analysts stating to purchase to hold to sell the stock all the scores where it’s come from Can I Trade On Etoro Before Verification…
I think there’s a lot of interest 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 believe are excellent about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you want to give it a go let’s jump straight in so the very first huge pro for me is the fact that they have analyst scores and research i absolutely love this it’s got an entire page for each of the stocks simply informing you what analysts are saying and doing 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 purchasing and the insider deals also so it just shows you whether experts have actually purchased the shares um over the last couple of months or not i think this is definitely excellent and displayed in a truly easy format so for me this is a huge plus for the platform a second substantial plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but i think this lessens your forex risk so in theory you could simply top up a larger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs each time that you make a transaction 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 undoubtedly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it provides you gain access to not just to stocks however also to products and cryptocurrency undoubtedly this isn’t really something that beginners must dabble in however it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually go in and speak with individuals discuss post see what people are publishing about each specific stock practically have like conversations about it and you can really take a look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are buying consisting of the popular traders you can see the profits they’ve made and everything it is very transparent and i believe it’s actually excellent due to the fact that you frequently get like notifications saying thus lots of people are speaking about tesla right now like see all the posts
here and it’s really cool simply to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 choices i think i have actually mentioned 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’ve discussed this before however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s actually cool and i believe it’s a huge plus of the platform because they have actually got loads of various styles of these portfolios um that you can pick from so that’s a substantial plus for me the final pro from my point of view is it’s simply got an actually good design dashboard and the way it’s established so unlike the other platforms that i use at the moment they have a really really good desktop version it looks actually tidy easy to use i didn’t truly have any issues with figuring 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 simply tell you all the news about that specific stock it’s really cool and also your portfolio simply looks actually great and tidy and really has a lot of information on the primary portfolio page which i really like now for the cons i think there are three main cons in terms of 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 use them myself however ones to be familiar with the first one i think it is a little bit too simple to trade cfds so since the cfd platform and the normal trading platform are incorporated into one it makes it rather 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 unintentionally open a cfd which is truly great which’s basically one of the main reasons that i do use them so it’s not truly something to fret about mistakenly doing however i usually believe that a great deal of the platforms that provide cfds should make it even harder to open cfds for retail investors i understand numerous people who have actually lost rather a lot of money um not on really but still trading cfds so i think usually there should probably be a little bit more it’s going to state policy however simply generally a little more like a few more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i talk about is individuals grumbling about the costs now yes whilst you might compare to specific platforms that have lower charges there are also loads of platforms that have much higher fees so swings and roundabouts actually all of it depends upon the big picture um they have a five dollar withdrawal charge is that actually that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot but if you’re investing long term and you’re just going to be getting 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 take a look at it there’s a couple of other charges on their charge page however normally the real investing into stocks is commission free so as soon as you have actually topped up you can do as many deals as you desire in regards to buying underlying assets without paying extra fees and finally the last con from me is the portfolio history so i discover it a bit hard to determine sort of what i have actually invested where i need to go into each individual stock just to see when i’ve 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 truly like to see all of the investments if possible and likewise i have actually still not actually found out the dividends and how that shows up so that possibly is like a little a 50 50 for me not quite sure yet to see this area that’s pretty much it if you are interested in providing a go i do have a referral link down below that you can use and you do not even need to top up you can just use the virtual portfolio at first just to see what you believe learn the platform and then make a decision on whether you want to use it or not so i ‘d enjoy to understand your ideas if you do try it out what you consider it and yeah that’s practically it for th.