the consensus is in terms of our analysts stating to purchase to hold to sell the stock all the rankings where it’s originated from Can You Follow Hedge Funds On Etoro…
I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i thought i would do a quick video just taking you through the pros and cons the things that i believe are great about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you desire to provide it a go let’s dive directly in so the very first huge pro for me is the reality that they have expert scores and research study i absolutely like this it’s got an entire page for each of the stocks simply informing you what analysts 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 price 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 selling or purchasing and the expert transactions also so it simply reveals you whether experts have purchased the shares um over the last couple of months or not i think this is definitely terrific and displayed in a really easy format so for me this is a substantial plus for the platform a 2nd substantial plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i think this reduces your foreign exchange risk so in theory you might just top up a larger quantity when the currency is in your favor and just hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx charges each time that you make a deal whereas here that doesn’t occur you simply pay the fx fee
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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 3rd big pro of the platform in my viewpoint is that it provides you gain access to not simply to stocks however also to commodities and cryptocurrency obviously this isn’t really something that novices should 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 speak to people discuss post see what people are posting about each specific stock nearly have like conversations about it and you can in fact 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 earnings they have actually made and everything it is extremely transparent and i believe it’s actually great since you typically get like notices stating like so many people are talking about tesla today like see all the posts
here and it’s really cool simply to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have 2 alternatives i believe i’ve discussed prior to 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’ve talked about this prior to however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my viewpoint um it’s really cool and i think it’s a huge plus of the platform due to the fact that they have actually got loads of various styles of these portfolios um that you can choose from so that’s a substantial plus for me the final pro from my perspective is it’s simply got a truly nice layout dashboard and the way it’s established so unlike the other platforms that i usage at the moment they have a truly actually good desktop variation it looks truly tidy easy to use i didn’t really have any problems with determining 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 on the research study 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 good and actually has a lot of data on the primary portfolio page which i really like now for the cons i believe there are 3 main cons in regards to 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 but ones to be aware of the first one i think it is a bit too easy to trade cfds so since the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and inadvertently open a cfd which is actually good which’s practically one of the main factors that i do utilize them so it’s not truly something to fret about unintentionally doing but i usually believe that a lot of the platforms that use cfds must make it even harder to open cfds for retail financiers i understand several people who have actually lost rather a lot of money um not on really but still trading cfds so i think usually there must most likely be a bit more it’s going to say regulation however simply generally 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 comes up a lot when i discuss is people grumbling about the fees now yes whilst you may compare to certain platforms that have lower charges there are also loads of platforms that have much higher charges so roundabouts and swings really everything depends on the big picture um they have a 5 dollar withdrawal cost is that really 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 only going to be getting 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 take a look at it there’s a few other charges on their cost page however usually the actual investing into stocks is commission free so once you have actually topped up you can do as many transactions as you desire in terms of purchasing underlying properties without paying extra charges and finally the last con from me is the portfolio history so i discover it a little bit difficult to figure out sort of what i’ve invested where i need to go into each specific stock simply to see when i’ve invested into it and 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 truly 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 space that’s pretty much it if you have an interest in providing a go i do have a referral link down listed below that you can utilize and you don’t even have to top up you can just utilize the virtual portfolio at first just to see what you believe find out the platform and after that make a decision on whether you want to utilize it or not so i ‘d enjoy to know your ideas if you do try it out what you consider it and yeah that’s pretty much it for th.