the agreement is in terms of our experts saying to buy to hold to offer the stock all the ratings where it’s come from Can You Use Scans 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 believed i would do a quick video just taking you through the pros and cons the things that i think 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 want 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 ratings and research study i definitely like this it’s got an entire page for each of the stocks just telling you what analysts are doing and saying 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 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 purchasing or selling and the insider transactions as well so it just shows you whether experts have bought the shares um over the last few months or not i think this is absolutely great and displayed in a really simple format so for me this is a huge plus for the platform a 2nd huge plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective but i believe this lessens your foreign exchange threat so in theory you might just top up a bigger amount when the currency is in your favor and just hold the money waiting to invest it for a great deal of the platforms you need to pay the fx charges every time that you make a deal whereas here that does not occur you simply pay the fx fee
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when you top up and when you withdraw and transform back to your own currency this clearly works finest if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it gives you access not simply to stocks but likewise to products and cryptocurrency undoubtedly this isn’t actually something that beginners must dabble in but it does have that alternative 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 go in and talk with people discuss post see what people are publishing about each specific stock practically 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 buying including the popular traders you can see the profits they’ve made and whatever it is extremely transparent and i think it’s truly good due to the fact that you often get like notifications saying thus many people are talking about tesla today like see all the posts
here and it’s truly cool just to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have two options i believe i’ve mentioned before you can either copy private 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 however they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s really cool and i believe it’s a substantial plus of the platform due to the fact that they’ve got loads of various themes of these portfolios um that you can choose from so that’s a big plus for me the final pro from my viewpoint is it’s just got a truly great design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually really nice desktop variation it looks really tidy easy to use i didn’t truly have any issues with finding out what to do i like that for each stock you can enter and see everything 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 just tell you all the news about that particular stock it’s really cool and likewise your portfolio just looks clean and truly nice and in fact has a great deal of information on the primary portfolio page which i really like now for the cons i believe there are three main cons in regards to in my viewpoint plainly 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 but ones to be familiar with the first one i believe it is a bit too easy to trade cfds so because 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
warnings in place and it’s not like you can just click a button and inadvertently open a cfd which is really great and that’s pretty much among the primary reasons that i do use them so it’s not really something to fret about unintentionally doing however i generally think that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i know many people who’ve lost rather a lot of cash um not on in fact but still trading cfds so i believe usually there must probably be a bit more it’s going to say policy however simply normally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that turns up a lot when i speak about is people grumbling about the costs now yes whilst you may compare to certain platforms that have lower costs there are also loads of platforms that have much higher charges so swings and roundabouts truly it all depends on the big picture um they have a five dollar withdrawal charge is that really that much maybe if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes maybe 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 actually matter most likely 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 free so when you have actually topped up you can do as lots of deals as you want in terms of buying underlying properties without paying additional costs and lastly the last con from me is the portfolio history so i discover it a bit hard to determine sort of what i’ve invested where i have to go into each private 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 investments if possible and likewise i’ve still not really determined the dividends and how that appears so that possibly is like a bit of a 50 50 for me not quite sure yet to enjoy this area that’s practically it if you have an interest in giving them a go i do have a recommendation link down below that you can use and you do not even need to top up you can simply use the virtual portfolio at first simply to see what you think find out the platform and after that make a decision 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 consider it and yeah that’s pretty much it for th.