the agreement is in terms of our experts stating to buy to hold to sell the stock all the rankings where it’s originated from Can I Use Etoro For Long Term Investment…
I think there’s a lot 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 pros and cons the things that i think are great about the platform and the things i believe are bad about the platform and then you can make a decision on whether or not you want to provide it a go let’s dive directly in so the first big pro for me is the fact that they have expert rankings and research i absolutely enjoy this it’s got an entire page for each of the stocks just informing 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 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 offering or buying and the expert transactions as well so it just shows you whether experts have bought the shares um over the last couple of months or not i believe this is definitely excellent and displayed in a really easy format so for me this is a substantial plus for the platform a 2nd big plus for me is the fact 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 larger quantity when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you have to pay the fx charges every time that you make a deal whereas here that does not occur you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this certainly works finest if you invest a lot into u.s stocks the third huge pro of the platform in my viewpoint is that it offers you access not simply to stocks but likewise to products and cryptocurrency clearly this isn’t truly something that newbies must 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 go in and speak to people comment on post see what individuals are publishing about each specific stock practically have like discussions about it and you can really take a look at individuals’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 revenues they have actually made and whatever it is extremely transparent and i believe it’s actually excellent due to the fact that you typically get like notifications saying like so many individuals are talking about 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 opinion the copy portfolios so they have 2 choices i believe i have actually discussed before 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 talked about this before however they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s sort 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 have actually got loads of various styles of these portfolios um that you can select from so that’s a substantial plus for me the final pro from my point of view is it’s just got a really nice layout control panel and the method it’s established so unlike the other platforms that i use at the moment they have a really actually good desktop variation it looks truly tidy easy to use i didn’t really have any problems with figuring out what to do i like that for each stock you can enter and see whatever in one location you know you can click
on the chart you can click the research study you can click the news and it will simply tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks truly good and clean and actually has a great deal of information on the primary portfolio page which i really like now for the cons i believe there are three main cons in terms of in my opinion clearly they’re not ones that have actually put me off using the platform um you understand i have actually done portfolio updates i utilize them myself however ones to be familiar with the first one i believe 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 integrated 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 actually good which’s basically among the main reasons that i do utilize them so it’s not actually something to worry about mistakenly doing however i generally believe that a great deal of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand quite a few individuals who have actually lost quite a great deal of cash um not on actually but still trading cfds so i think generally there ought to most likely be a bit more it’s going to state guideline however just usually a bit 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 turns up a lot when i talk about is people complaining about the charges now yes whilst you might compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater fees so roundabouts and swings really everything depends upon the big picture um they have a five dollar withdrawal fee is that truly that much maybe if you’re continuously withdrawing l.
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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 taking out like a thousand pounds at a time then does it truly matter probably not so just weigh that up um when you when you take a look at it there’s a couple of other charges on their cost page but normally the real investing into stocks is commission totally free so once you have actually topped up you can do as numerous deals as you desire in terms of purchasing underlying assets without paying extra charges and lastly the last con from me is the portfolio history so i find it a little bit hard to figure out sort of what i have actually invested where i have to go into each private stock simply to see when i’ve invested into it and just 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 investments if possible and likewise i’ve still not actually found out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to watch this area that’s basically it if you have an interest in providing a go i do have a recommendation link down listed below that you can use and you do not even need to top up you can just use the virtual portfolio at first simply to see what you think learn the platform and then decide on whether you wish to use it or not so i ‘d like to know your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.