the consensus is in terms of our experts saying to buy to hold to sell the stock all the ratings where it’s originated from Can You Day Trade With Etoro…
so i think there’s a lot of curiosity about i do get a great deal of concerns 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 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 or not you want to try let’s dive straight in so the first big pro for me is the fact that they have expert scores and research study i definitely like this it’s got a whole page for each of the stocks simply telling you what analysts are doing and stating about the stock so you can see here for instance on johnson and johnson what it appears 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 purchasing or offering and the insider transactions as well so it just shows you whether insiders have actually bought the shares um over the last couple of months or not i believe this is absolutely fantastic and displayed in a really simple format so for me this is a substantial plus for the platform a 2nd substantial plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i think this minimizes your foreign exchange risk so in theory you could just 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 need to pay the fx costs each time that you make a deal whereas here that does not occur you simply pay the fx charge
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when you top up and when you withdraw and convert back to your own currency this clearly works best if you invest a lot into u.s stocks the third huge pro of the platform in my viewpoint is that it provides you access not just to stocks however likewise to products and cryptocurrency clearly this isn’t actually something that newbies need to dabble in but it does have that option 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 actually go in and talk to people comment on post see what people are posting about each specific stock nearly have like conversations about it and you can in fact look at people’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are buying consisting of the popular traders you can see the profits they have actually made and whatever it is really transparent and i think it’s truly excellent since you often get like alerts saying thus many people are speaking about tesla today like see all the posts
here and it’s really cool just to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 options i believe i have actually pointed out 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 talked about this prior to but they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s sort 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 choose from so that’s a big plus for me the last pro from my point of view is it’s just got a truly good design dashboard and the method it’s set up so unlike the other platforms that i use at the moment they have a truly really nice desktop version it looks actually tidy easy to use i didn’t really have any problems with finding out what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click on the research study you can click on the news and it will just inform you all the news about that particular stock it’s really cool and also your portfolio simply looks clean and really great and in fact has a great deal of information on the main portfolio page which i actually like now for the cons i think there are 3 primary cons in terms of in my opinion clearly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i use them myself however ones to be knowledgeable about the first one i think it is a little bit too simple to trade cfds so since the cfd platform and the typical trading platform are incorporated into one it makes it rather easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and accidentally open a cfd which is actually good and that’s pretty much one of the primary factors that i do utilize them so it’s not actually something to worry about inadvertently doing but i generally think that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know quite a few people who have actually lost rather a lot of money um not on really but still trading cfds so i believe normally there must most likely be a little bit more it’s going to state guideline but just normally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i speak about is people grumbling about the costs now yes whilst you may compare to particular platforms that have lower costs there are likewise loads of platforms that have much greater charges so roundabouts and swings really it all depends upon the big picture um they have a five dollar withdrawal cost is that truly that much maybe if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe 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 really matter most likely not so just weigh that up um when you when you look at it there’s a few other fees on their fee page but normally the actual investing into stocks is commission totally free so once you have actually topped up you can do as lots of deals as you desire in regards to purchasing underlying assets without paying extra costs and finally the last con from me is the portfolio history so i discover it a little bit challenging to determine sort of what i have actually invested where i have to go into each specific stock just 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 really like to see all of the financial investments if possible and likewise i have actually still not truly found out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to view this area that’s practically it if you have an interest in providing a go i do have a recommendation link down below that you can use and you do not even need to top up you can just utilize the virtual portfolio at first simply to see what you believe find out the platform and after that decide on whether you wish to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you consider it and yeah that’s practically it for th.