the consensus is in regards to our experts saying to purchase to hold to sell the stock all the scores where it’s originated from Can You Use A Credit Card On Etoro…
so i think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i believed i would do a quick video just taking you through the benefits and drawbacks the important things that i think are good about the platform and the important things i think are bad about the platform and after that you can decide on whether you wish to give it a go let’s dive straight in so the very first huge pro for me is the reality that they have analyst rankings and research i definitely enjoy this it’s got a whole page for each of the stocks just informing you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it appears like it gives 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 offering or buying and the expert transactions too so it just shows you whether experts have actually purchased the shares um over the last couple of months or not i believe this is definitely excellent and shown in a really simple format so for me this is a big plus for the platform a 2nd big plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective but i believe this decreases your foreign exchange risk so in theory you could just top up a bigger amount when the currency remains in your favor and just hold the money waiting to invest it for a great deal of the platforms you have to pay the fx fees each time that you make a transaction whereas here that doesn’t happen you just pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this clearly works finest if you invest a lot into u.s stocks the third big 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 newbies must dabble in 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 literally go in and speak to individuals comment on post see what individuals are publishing about each individual stock nearly have like discussions about it and you can in fact take a look at individuals’s portfolios so you can enter into anyone’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 think it’s truly good due to the fact that you often get like alerts saying like so lots of people are talking about tesla today 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 viewpoint the copy portfolios so they have 2 options i think i have actually mentioned before 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 have actually talked about this prior to but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my opinion um it’s really cool and i believe it’s a big plus of the platform because they’ve got loads of various themes of these portfolios um that you can pick from so that’s a substantial plus for me the last pro from my perspective is it’s just got an actually nice layout control panel and the way it’s established so unlike the other platforms that i use at the moment they have a truly truly great desktop version it looks truly clean easy to use i didn’t really have any issues with figuring out 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 you can click the news and it will simply inform you all the news about that particular stock it’s really cool and also your portfolio just looks clean and actually great 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 opinion plainly they’re not ones that have put me off utilizing the platform um you know i’ve done portfolio updates i use them myself however ones to be familiar with the first one i think it is a little bit too easy to trade cfds so because the cfd platform and the normal trading platform are incorporated into one it makes it rather 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 really excellent and that’s pretty much one of the primary factors that i do use them so it’s not really something to stress over unintentionally doing but i typically think that a lot of the platforms that use cfds must make it even harder to open cfds for retail financiers i understand quite a few individuals who have actually lost rather a lot of cash um not on actually but still trading cfds so i think usually there need to most likely be a bit more it’s going to say regulation but just generally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that shows up a lot when i talk about is people complaining about the charges now yes whilst you may compare to specific platforms that have lower charges there are likewise loads of platforms that have much greater costs so swings and roundabouts really everything depends upon the big picture um they have a five dollar withdrawal cost is that actually that much perhaps 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 taking out like a thousand pounds at a time then does it actually matter probably not so simply weigh that up um when you when you look at it there’s a couple of other fees on their fee page however normally the actual investing into stocks is commission free so as soon as you’ve topped up you can do as numerous deals as you desire in terms of purchasing underlying assets without paying extra 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 have to go into each individual 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 really like to see all of the financial investments if possible and also i’ve still not really determined the dividends and how that appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to enjoy this space that’s basically it if you are interested in giving them a go i do have a recommendation link down listed below that you can use and you do not even need to top up you can simply use the virtual portfolio initially simply 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 understand your ideas if you do try it out what you think of it and yeah that’s basically it for th.