the agreement remains in regards to our experts saying to buy to hold to offer the stock all the rankings where it’s come from Can You Buy Crypto On Etoro…
so i believe there’s a lot of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a quick video simply taking you through the benefits and drawbacks the things that i believe are good about the platform and the important things i think are bad about the platform and after that you can make a decision on whether you want to try let’s jump straight in so the very first huge pro for me is the truth that they have analyst scores and research i absolutely enjoy this it’s got a whole page for each of the stocks just telling you what analysts are saying and doing about the stock so you can see here for example on johnson and johnson what it appears like it offers 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 expert transactions also so it simply shows you whether experts have purchased the shares um over the last few months or not i think this is absolutely excellent and displayed in a really simple format so for me this is a big plus for the platform a second huge plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective however i believe this decreases your forex danger so in theory you could just top up a larger amount when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx charges whenever that you make a transaction whereas here that does not happen you just pay the fx charge
What is social trading?
when you top up and when you withdraw and transform back to your own currency this obviously works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it offers you access not simply to stocks but also to products and cryptocurrency clearly this isn’t really something that beginners should dabble in but it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally go in and talk to individuals comment on post see what people are publishing about each private stock almost have like discussions about it and you can really look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are investing in including the popular traders you can see the earnings they’ve made and everything it is really transparent and i believe it’s really excellent since you often get like alerts saying thus many individuals are discussing tesla right now like see all the posts
here and it’s truly cool simply to see what individuals are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have two choices i believe i’ve pointed out before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually spoken about this before but they have a renewable resource portfolio which just holds loads of renewable energy 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 since they’ve got loads of different themes of these portfolios um that you can select from so that’s a huge plus for me the last pro from my point of view is it’s just got an actually great design dashboard and the method it’s set up so unlike the other platforms that i use at the moment they have an actually really nice desktop variation it looks actually clean easy to use i didn’t really have any concerns with finding out what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research you can click the news and it will simply inform you all the news about that particular stock it’s actually cool and likewise your portfolio just looks clean and truly nice and in fact has a great deal of data on the main portfolio page which i truly like now for the cons i think there are three primary cons in regards to in my viewpoint plainly they’re not ones that have put me off using the platform um you understand i’ve done portfolio updates i utilize them myself but ones to be aware of the very first one i believe it is a bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and unintentionally open a cfd which is actually good and that’s pretty much one of the primary reasons that i do utilize them so it’s not actually something to fret about inadvertently doing however i generally believe that a lot of the platforms that use cfds must make it even harder to open cfds for retail financiers i know numerous people who have actually lost rather a great deal of cash um not on actually however still trading cfds so i believe generally there should most likely be a little bit more it’s going to state guideline however just generally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that shows up a lot when i discuss is individuals grumbling about the costs now yes whilst you may compare to certain platforms that have lower costs there are also loads of platforms that have much higher fees so roundabouts and swings truly it all depends on the big picture um they have a 5 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 perhaps that’s a lot but 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 few other charges on their cost page however normally the real investing into stocks is commission free so once you have actually topped up you can do as lots of transactions as you desire in regards to buying underlying assets without paying extra charges and finally the last con from me is the portfolio history so i discover it a little bit difficult to determine sort of what i’ve invested where i have to go into each individual 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 truly like to see all of the financial investments if possible and likewise i’ve still not really determined the dividends and how that shows up so that possibly resembles a bit of a 50 50 for me not quite sure yet to watch this space that’s practically it if you are interested in giving them a go i do have a referral link down listed below that you can utilize and you do not even have to top up you can simply utilize the virtual portfolio at first just to see what you think find out the platform and after that decide on whether you want to use it or not so i ‘d love to understand your ideas if you do try it out what you think about it and yeah that’s basically it for th.