the agreement remains in terms of our analysts saying to buy to hold to sell the stock all the ratings where it’s originated from Can You Reset Etoro Virtual Account…
I believe there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed i would do a quick video simply taking you through the pros and cons the things that i believe are good about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you desire to offer it a go let’s jump directly in so the very first big pro for me is the reality that they have analyst scores and research i absolutely enjoy this it’s got an entire page for each of the stocks just 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 offers 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 offering or purchasing and the insider transactions also so it simply reveals you whether experts have purchased the shares um over the last couple of months or not i believe this is absolutely terrific and shown in an actually simple format so for me this is a substantial plus for the platform a 2nd huge plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange risk so in theory you might simply top up a bigger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs every time that you make a deal whereas here that doesn’t happen you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it gives you access not just to stocks but also to commodities and cryptocurrency undoubtedly this isn’t really something that novices should dabble in but it does have that alternative for those of you who have an interest in products 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 talk about post see what individuals are posting about each specific stock practically have like discussions about it and you can really take a look at individuals’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are investing in consisting of the popular traders you can see the revenues they have actually made and everything it is really transparent and i believe it’s actually great because you often get like alerts saying like so many people are speaking about tesla today like see all the posts
here and it’s actually cool just to see what people are believing the next pro of the platform is in my opinion the copy portfolios so they have two options 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’ve discussed this prior to but they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s kind of like an etf in my opinion um it’s really cool and i think it’s a big plus of the platform since they have actually got loads of different themes of these portfolios um that you can select from so that’s a substantial plus for me the last pro from my perspective is it’s simply got a really great layout control panel and the method it’s established so unlike the other platforms that i use at the moment they have an actually really good desktop version it looks truly clean easy to use i didn’t really have any issues with finding out what to do i like that for each stock you can go in and see everything in one place you understand you can click
on the chart you can click on the research you can click on the news and it will simply tell you all the news about that particular stock it’s really cool and likewise your portfolio just looks really great and tidy and really has a great deal of data on the main portfolio page which i actually like now for the cons i think there are 3 main cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you understand i’ve done portfolio updates i utilize them myself however ones to be familiar with the first one i believe it is a bit too simple to trade cfds so since the cfd platform and the regular trading platform are integrated 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 simply click a button and inadvertently open a cfd which is actually excellent and that’s basically among the primary reasons that i do utilize them so it’s not actually something to worry about mistakenly doing however i generally believe that a great deal of the platforms that offer cfds must make it even harder to open cfds for retail investors i know quite a few people who have actually lost quite a great deal of cash um not on actually however still trading cfds so i believe normally there should probably be a bit more it’s going to state guideline but just generally a little more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the fees so this is something that comes up a lot when i speak about is individuals grumbling about the charges now yes whilst you may compare to particular platforms that have lower fees there are also loads of platforms that have much greater charges so roundabouts and swings actually everything depends upon the big picture um they have a five dollar withdrawal fee 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 getting like a thousand pounds at a time then does it actually matter most likely not so just weigh that up um when you when you look at it there’s a couple of other costs on their charge page however typically the real investing into stocks is commission free so when you’ve topped up you can do as lots of deals as you want in regards to buying underlying possessions without paying extra charges and finally the last con from me is the portfolio history so i find it a bit challenging to determine sort of what i have actually invested where i need to go into each individual stock simply to see when i have actually 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 really like to see all of the financial investments if possible and also i have actually still not really figured out the dividends and how that appears so that potentially resembles a bit of a 50 50 for me not quite sure yet to watch this area that’s practically it if you have an interest in providing 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 use the virtual portfolio at first just to see what you think find out the platform and then decide on whether you want to use 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.