the consensus remains in terms of our analysts saying to buy to hold to sell the stock all the rankings where it’s come from Can You Do Penny Stocks On Etoro…
so i think there’s a great deal of interest about i do get a great deal of questions asking me about the platform so i thought i would do a quick video just taking you through the benefits and drawbacks the important things that i think are excellent about the platform and the things i think are bad about the platform and after that you can make a decision on whether you wish to try let’s dive directly in so the very first huge pro for me is the reality that they have expert ratings and research i definitely like this it’s got a whole page for each of the stocks simply informing you what experts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it provides you the cost 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 selling or buying and the expert deals too so it simply reveals you whether experts have actually bought the shares um over the last few months or not i believe this is absolutely fantastic and displayed in a truly simple format so for me this is a big plus for the platform a second substantial plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective however i believe this minimizes your foreign exchange risk so in theory you could simply top up a larger amount when the currency is 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 doesn’t occur you just pay the fx fee
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when you top up and when you withdraw and transform back to your own currency this certainly works best if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it offers you access not simply to stocks but likewise to products and cryptocurrency undoubtedly this isn’t actually something that novices need to dabble in but it does have that choice for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can actually enter and talk to people comment on post see what people are posting about each private stock practically have like discussions about it and you can in fact take a look at individuals’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the revenues they’ve made and everything it is extremely transparent and i believe it’s really good due to the fact that you typically get like notices saying thus many people are discussing tesla right now like see all the posts
here and it’s really cool simply to see what individuals are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 choices i think i’ve mentioned 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 spoken about this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s actually cool and i believe it’s a big plus of the platform because they have actually got loads of different styles of these portfolios um that you can choose from so that’s a huge plus for me the final pro from my point of view is it’s just got a really good design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have an actually truly great desktop version it looks actually clean easy to use i didn’t truly 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 understand you can click
on the chart you can click on the research you can click the news and it will just inform you all the news about that particular stock it’s actually cool and likewise your portfolio just looks truly great and tidy and actually has a great deal of information on the primary portfolio page which i really like now for the cons i think there are three primary cons in terms of in my opinion plainly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i utilize them myself but ones to be aware of the first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it rather simple for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and mistakenly open a cfd which is actually great which’s pretty much among the primary reasons that i do utilize them so it’s not really something to worry about mistakenly doing however i typically believe that a lot of the platforms that provide cfds must make it even harder to open cfds for retail financiers i understand several people who have actually lost quite a lot of cash um not on in fact however still trading cfds so i think usually there should most likely be a bit more it’s going to say guideline but just typically a little more like a few more
hoops to leap through if you will um to open a cfd trade secondly the charges so this is something that shows up a lot when i speak about is people grumbling about the fees now yes whilst you may compare to particular platforms that have lower fees there are also loads of platforms that have much higher costs so swings and roundabouts truly all of it depends upon the big picture um they have a 5 dollar withdrawal charge is that really that much possibly if you’re constantly 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 getting like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you take a look at it there’s a couple of other fees on their fee page but typically the actual investing into stocks is commission free so when you’ve topped up you can do as numerous deals as you want in terms of purchasing underlying possessions without paying extra fees and finally the last con from me is the portfolio history so i discover it a bit tough to find out sort of what i have actually invested where i have to go into each individual stock just to see when i’ve 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 financial investments if possible and likewise i’ve still not truly found out the dividends and how that appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to view 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 have to top up you can simply utilize the virtual portfolio at first simply 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 know your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.