the consensus remains in terms of our experts stating to purchase to hold to sell the stock all the rankings where it’s come from Can You Buy Index Funds On Etoro…
so i believe 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 quick video just taking you through the advantages and disadvantages the important things that i think are great about the platform and the important 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 big pro for me is the truth that they have analyst scores and research i absolutely like this it’s got an entire 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 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 insider transactions too so it simply reveals you whether experts have bought the shares um over the last couple of months or not i think this is definitely fantastic and displayed in an actually easy format so for me this is a substantial plus for the platform a second huge plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective but i believe this reduces your forex danger so in theory you could just top up a bigger amount when the currency is in your favor and simply hold the cash waiting to invest it for a great deal of the platforms you have to pay the fx costs whenever that you make a transaction whereas here that doesn’t happen you just pay the fx cost
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when you top up and when you withdraw and transform back to your own currency this obviously works finest if you invest a lot into u.s stocks the third huge pro of the platform in my viewpoint is that it gives you access not just to stocks but likewise to products and cryptocurrency obviously this isn’t truly something that beginners should meddle however it does have that option for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually enter and talk to people talk about post see what people are publishing about each individual stock almost have like discussions about it and you can really look at people’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the earnings they’ve made and whatever it is extremely transparent and i think it’s actually excellent due to the fact that you typically get like alerts saying thus lots of people are speaking about tesla right now like see all the posts
here and it’s actually cool simply to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two alternatives i think i’ve discussed prior to 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’ve spoken about this prior to however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s really cool and i believe it’s a big plus of the platform due to the fact that they’ve got loads of different themes of these portfolios um that you can choose from so that’s a huge plus for me the last pro from my viewpoint is it’s just got a truly great design dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have an actually truly nice desktop variation it looks really tidy easy to use i didn’t truly have any concerns with finding out what to do i like that for each stock you can go in and see whatever in one location you understand you can click
on the chart you can click on the research study you can click the news and it will just tell you all the news about that particular stock it’s actually cool and also your portfolio simply looks really great and tidy and actually has a great deal of data on the primary portfolio page which i really like now for the cons i think there are 3 main cons in terms of in my viewpoint clearly they’re not ones that have actually put me off using the platform um you understand i have actually done portfolio updates i use them myself but ones to be knowledgeable about the very first one i think it is a 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 easy for people 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 actually good and that’s practically among the main factors that i do use them so it’s not truly something to worry about inadvertently doing however i normally believe that a lot of the platforms that offer cfds must make it even harder to open cfds for retail investors i understand quite a few individuals who’ve lost quite a great deal of money um not on actually but still trading cfds so i think generally there must most likely be a bit more it’s going to state policy however just usually a bit more like a couple of 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 talk about is individuals complaining about the charges now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much higher costs so swings and roundabouts actually everything depends upon the big picture um they have a five dollar withdrawal charge is that really that much possibly 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 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 couple of other costs on their fee page however usually the real investing into stocks is commission complimentary so as soon as you have actually topped up you can do as numerous transactions as you desire in regards to buying underlying properties without paying additional charges and lastly the last con from me is the portfolio history so i find it a little bit challenging to find out sort of what i have actually invested where i need to go into each private stock simply 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 actually like to see all of the investments if possible and likewise i’ve still not really determined 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 space that’s practically it if you are interested in providing a go i do have a recommendation link down listed below that you can use and you don’t even need to top up you can simply use the virtual portfolio at first just to see what you think discover the platform and after that make a decision on whether you want to utilize it or not so i ‘d enjoy to understand your ideas if you do try it out what you think of it and yeah that’s basically it for th.