the consensus remains in terms of our analysts saying to buy to hold to offer the stock all the scores where it’s come from Can You Use Leverage On Etoro…
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 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 dive straight in so the first big pro for me is the reality that they have expert ratings and research study i definitely love this it’s got a whole page for each of the stocks simply informing you what experts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers 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 buying or offering and the insider deals as well so it just reveals you whether experts have actually bought the shares um over the last couple of months or not i think this is absolutely excellent and displayed in a really simple format so for me this is a substantial plus for the platform a 2nd huge plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i think this decreases your foreign exchange danger so in theory you might simply top up a bigger amount when the currency is in your favor and simply hold the cash 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 does not occur you just pay the fx charge
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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 big pro of the platform in my viewpoint is that it provides you access not just to stocks but also to commodities and cryptocurrency certainly this isn’t truly something that newbies should meddle however it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally enter and talk to people discuss post see what individuals are publishing about each specific stock practically have like discussions about it and you can in fact take a look at people’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and whatever it is very transparent and i believe it’s actually good due to the fact that you often get like alerts stating thus many individuals are talking about tesla today like see all the posts
here and it’s actually cool simply to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have two choices i believe i’ve mentioned before 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 before however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s really cool and i think it’s a big plus of the platform because they have actually got loads of various themes of these portfolios um that you can select from so that’s a substantial plus for me the last pro from my point of view is it’s simply got a really great design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have a really really great desktop version it looks actually clean easy to use i didn’t truly have any problems 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 the research you can click on the news and it will just tell you all the news about that specific stock it’s actually cool and also your portfolio just looks really good and clean and actually has a lot of data on the primary portfolio page which i truly like now for the cons i think there are three main cons in terms of 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 however ones to be familiar with the first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it rather easy for people 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 really excellent and that’s practically among the primary factors that i do use them so it’s not actually something to fret about accidentally doing however i generally believe that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know many individuals who’ve lost quite a lot of cash um not on in fact but still trading cfds so i think generally there should most likely be a little bit more it’s going to say guideline however just typically a bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the charges so this is something that comes up a lot when i discuss is people complaining about the fees now yes whilst you might compare to certain platforms that have lower charges there are likewise loads of platforms that have much greater costs so swings and roundabouts truly all of it depends upon the big picture um they have a five dollar withdrawal fee is that truly 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 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 charges on their charge page but usually the real investing into stocks is commission free so as soon as you’ve topped up you can do as lots of deals as you desire in terms of buying underlying assets without paying extra fees and finally the last con from me is the portfolio history so i find it a bit challenging to figure out sort of what i have actually invested where i need to go into each individual stock just 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 truly like to see all of the financial investments if possible and also i’ve still not really found 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 space that’s basically it if you are interested in providing a go i do have a referral link down listed 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 learn the platform and after that decide on whether you wish to utilize it or not so i ‘d like to understand your thoughts if you do try it out what you think about it and yeah that’s practically it for th.