the consensus remains in regards to our experts stating to purchase to hold to offer the stock all the scores where it’s come from Can You Lose Money On Etoro…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a quick video simply 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 decision on whether or not you desire to give it a go let’s jump straight in so the first big pro for me is the truth that they have analyst rankings and research study i absolutely love this it’s got an entire page for each of the stocks simply 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 gives you the rate 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 deals as well so it simply reveals you whether experts have purchased the shares um over the last couple of months or not i believe this is definitely great and displayed in a really easy format so for me this is a huge plus for the platform a second substantial plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but i believe this minimizes your forex threat so in theory you could simply top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx costs each time that you make a transaction 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 obviously works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it gives you gain access to not simply to stocks but also to products and cryptocurrency obviously this isn’t actually something that novices should dabble in but it does have that choice for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and speak with individuals comment on post see what individuals are posting about each specific stock nearly have like discussions about it and you can actually take a look at individuals’s portfolios so you can go into anyone’s profile click their portfolio and see what they are purchasing including the popular traders you can see the revenues they have actually made and whatever it is really transparent and i think it’s truly good because you typically get like notices saying thus many individuals are discussing tesla right now like see all the posts
here and it’s truly cool simply to see what people are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 options i think i have actually pointed out prior to you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this prior to however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my opinion um it’s really cool and i think it’s a substantial plus of the platform due to the fact that they’ve got loads of various styles of these portfolios um that you can select from so that’s a huge plus for me the last pro from my viewpoint is it’s just got a really nice 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 good desktop variation it looks actually tidy easy to use i didn’t really have any issues with determining what to do i like that for each stock you can go in 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 tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks clean and truly great and really has a great deal of data on the main portfolio page which i truly like now for the cons i think there are three main cons in terms of in my viewpoint clearly they’re not ones that have 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 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 normal trading platform are incorporated into one it makes it quite easy for people 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 truly excellent which’s practically among the main reasons that i do utilize them so it’s not actually something to fret about unintentionally doing but i typically believe that a lot of the platforms that provide cfds must make it even harder to open cfds for retail investors i know several individuals who’ve lost rather a lot of money um not on really however still trading cfds so i think normally there should most likely be a little bit more it’s going to say policy however simply typically a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that comes up a lot when i speak about is people grumbling about the fees now yes whilst you might compare to certain platforms that have lower fees 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 5 dollar withdrawal charge is that truly that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot but if you’re investing long term and you’re only going to be getting like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you look at it there’s a couple of other charges on their fee page but typically the actual investing into stocks is commission complimentary so when you have actually topped up you can do as lots of deals 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 bit difficult to determine sort of what i’ve invested where i have to go into each individual stock simply 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 have actually still not truly determined the dividends and how that appears so that potentially resembles a little bit of a 50 50 for me not quite sure yet to watch this space that’s practically it if you are interested in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can simply use the virtual portfolio at first simply to see what you think discover the platform and after that decide on whether you want to utilize it or not so i ‘d like to know your ideas if you do try it out what you think about it and yeah that’s pretty much it for th.