the consensus is in terms of our analysts saying to purchase to hold to offer the stock all the rankings where it’s come from Can You Trade Premarket On Etoro…
I believe there’s a lot of interest about i do get a lot of concerns asking me about the platform so i believed i would do a fast video just taking you through the pros and cons the things that i think are good 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 want to give it a go let’s jump straight in so the first big pro for me is the reality that they have analyst scores and research study i absolutely enjoy this it’s got an entire page for each of the stocks simply informing you what analysts 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 price 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 purchasing or selling and the expert deals as well so it just reveals you whether insiders have actually purchased the shares um over the last couple of months or not i believe this is absolutely excellent and displayed in a really simple format so for me this is a substantial plus for the platform a second substantial plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange risk so in theory you might just top up a bigger quantity when the currency remains in your favor and simply hold the money waiting to invest it for a great deal of the platforms you have to pay the fx charges every time that you make a transaction whereas here that does not happen you just 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 3rd big pro of the platform in my viewpoint is that it gives you access not simply to stocks but also to commodities and cryptocurrency undoubtedly this isn’t truly something that newbies ought to meddle however it does have that option for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and speak to individuals discuss post see what individuals are posting about each private stock practically have like conversations about it and you can really 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 earnings they’ve made and whatever it is very transparent and i believe it’s actually great since you often get like alerts stating like so many individuals are speaking about tesla today like see all the posts
here and it’s truly cool just to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two options i think i have actually mentioned before you can either copy individual 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 before but 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 truly cool and i think it’s a huge plus of the platform because they’ve got loads of various styles of these portfolios um that you can choose from so that’s a big plus for me the last pro from my viewpoint is it’s just got an actually great design dashboard and the way it’s established so unlike the other platforms that i use at the moment they have a really truly good desktop version it looks truly 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 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 inform you all the news about that specific stock it’s really cool and also your portfolio just looks clean and really great and in fact has a great deal of data on the primary portfolio page which i actually like now for the cons i believe there are three primary cons in regards to in my opinion clearly they’re not ones that have put me off using the platform um you understand i have actually done portfolio updates i use them myself but ones to be aware of the very first one i believe it is a bit too simple to trade cfds so since the cfd platform and the typical trading platform are incorporated 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 just click a button and mistakenly open a cfd which is really excellent which’s basically one of the primary reasons that i do use them so it’s not truly something to fret about inadvertently doing however i generally believe that a lot of the platforms that provide cfds must make it even harder to open cfds for retail investors i understand several individuals who’ve lost quite a lot of cash um not on in fact however still trading cfds so i believe generally there must most likely be a bit more it’s going to state regulation however simply normally a bit more like a few more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i talk about is people grumbling about the costs now yes whilst you may compare to certain platforms that have lower fees there are likewise loads of platforms that have much higher fees so swings and roundabouts truly all of it depends on the big picture um they have a five dollar withdrawal fee is that really that much maybe if you’re constantly 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 just going to be getting like a thousand pounds at a time then does it truly matter probably not so simply weigh that up um when you when you take a look at it there’s a few other costs on their cost page however generally the real investing into stocks is commission free so once you’ve topped up you can do as numerous transactions as you want in terms of purchasing underlying assets without paying extra fees and lastly the last con from me is the portfolio history so i discover it a little bit difficult to determine sort of what i have actually invested where i have to go into each individual stock just to see when i have actually 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 also i have actually still not really determined the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to watch this space that’s pretty much it if you have an interest in giving them a go i do have a referral link down below that you can use and you do not even have to top up you can just use the virtual portfolio initially just to see what you think learn the platform and then make a decision on whether you wish to use it or not so i ‘d like to know your thoughts if you do try it out what you think about it and yeah that’s basically it for th.