the consensus is in terms of our experts saying to buy to hold to sell the stock all the scores where it’s come from Can You Have Multiple Etoro Accounts…
I believe there’s a lot of curiosity 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 pros and cons the things that i think are great about the platform and the things i believe 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 big pro for me is the truth that they have analyst scores and research i definitely like this it’s got an entire page for each of the stocks simply informing you what experts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives you the rate 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 purchasing and the expert deals as well so it simply shows you whether experts have purchased the shares um over the last few months or not i believe this is definitely excellent and shown in an actually easy format so for me this is a big plus for the platform a 2nd huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i believe this decreases your foreign exchange risk so in theory you could just top up a larger quantity when the currency remains in your favor and just hold the money waiting to invest it for a lot of the platforms you need to pay the fx charges every time that you make a transaction whereas here that doesn’t happen 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 third huge pro of the platform in my opinion is that it offers you access not just to stocks but likewise to products and cryptocurrency certainly this isn’t actually something that beginners should meddle but it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and speak to individuals comment on post see what individuals are publishing about each private stock almost have like conversations about it and you can really take a look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the earnings they’ve made and everything it is extremely transparent and i think it’s truly great due to the fact that you typically get like notices stating thus lots of people are discussing tesla today like see all the posts
here and it’s really cool just to see what people are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 choices i think i have actually mentioned prior to you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually talked about this before however they have a renewable resource portfolio which simply 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 big plus of the platform because they’ve got loads of different themes of these portfolios um that you can select from so that’s a substantial plus for me the final 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 a truly truly nice desktop version it looks truly clean easy to use i didn’t truly have any problems with determining 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 the research study you can click on the news and it will just tell you all the news about that specific stock it’s truly cool and likewise your portfolio just looks really great and tidy and really has a lot of information on the primary portfolio page which i actually like now for the cons i think there are three primary cons in terms of in my viewpoint 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 knowledgeable about the first one i think it is a little bit too easy to trade cfds so because the cfd platform and the regular trading platform are incorporated into one it makes it rather simple 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 truly good and that’s practically one of the main factors that i do utilize them so it’s not truly something to stress over inadvertently doing but i generally believe that a great deal of the platforms that provide cfds must make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost quite a lot of cash um not on actually but still trading cfds so i believe usually there need to most likely be a bit more it’s going to say policy but just usually a bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the fees so this is something that shows up a lot when i speak about is individuals complaining about the fees now yes whilst you may compare to specific platforms that have lower charges there are likewise loads of platforms that have much higher charges so swings and roundabouts really all of it depends upon the big picture um they have a five dollar withdrawal cost is that truly that much perhaps if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes possibly 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 truly 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 cost page but typically the real investing into stocks is commission complimentary so as soon as you have actually topped up you can do as lots of transactions as you want in terms of buying underlying possessions without paying additional costs and finally the last con from me is the portfolio history so i find it a little bit hard 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 just 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 truly like to see all of the financial investments if possible and also i’ve still not truly found out the dividends and how that shows up so that potentially is like a little bit of a 50 50 for me not quite sure yet to watch this space that’s basically it if you are interested in giving them a go i do have a referral 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 learn the platform and after that decide on whether you wish to use it or not so i ‘d love to understand your ideas if you do try it out what you consider it and yeah that’s pretty much it for th.