the consensus remains in regards to our analysts saying to buy to hold to offer the stock all the rankings where it’s come from City Index Vs Etoro…
so i believe there’s a lot of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a fast video simply taking you through the benefits and drawbacks the important things that i think are good about the platform and the things i think are bad about the platform and after that you can decide on whether or not you wish to try let’s jump straight in so the very first big pro for me is the fact that they have analyst scores and research i definitely enjoy this it’s got an entire page for each of the stocks simply telling 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 provides you the cost 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 deals 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 fantastic and shown in a really simple format so for me this is a big plus for the platform a 2nd substantial plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective however i believe this minimizes your forex risk so in theory you could just top up a larger 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 costs whenever that you make a transaction whereas here that does not happen you just pay the fx charge
What is social trading?
when you top up and when you withdraw and transform back to your own currency this certainly 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 gain access to not simply to stocks however also to products and cryptocurrency obviously this isn’t truly something that newbies should meddle however it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and speak to individuals discuss post see what people are posting about each individual stock almost have like discussions about it and you can in fact look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the earnings they’ve made and whatever it is very transparent and i think it’s actually excellent due to the fact that you often get like alerts saying like so many individuals 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 viewpoint the copy portfolios so they have two choices i believe i’ve mentioned prior to you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this before however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s actually cool and i think it’s a big plus of the platform since they’ve got loads of various themes of these portfolios um that you can choose from so that’s a substantial plus for me the last pro from my point of view is it’s simply got an actually great design dashboard and the method it’s established so unlike the other platforms that i use at the moment they have a really actually great desktop version it looks actually tidy 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 location you understand you can click
on the chart you can click the research study you can click on the news and it will just tell you all the news about that specific stock it’s actually cool and likewise your portfolio simply looks tidy and really good and in fact has a great deal of data on the main portfolio page which i truly like now for the cons i believe there are 3 main cons in terms of in my viewpoint plainly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i use them myself however ones to be aware of the first one i think it is a little bit too easy to trade cfds so because the cfd platform and the regular trading platform are incorporated into one it makes it quite easy for people to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and inadvertently open a cfd which is actually good and that’s practically among the main reasons that i do use them so it’s not truly something to worry about mistakenly doing but i usually believe that a great deal of the platforms that provide cfds should make it even harder to open cfds for retail financiers i know quite a few people who’ve lost quite a great deal of cash um not on actually but still trading cfds so i think normally there should probably be a little bit more it’s going to state policy however just normally a little more like a few more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i talk about is people grumbling about the charges now yes whilst you might compare to certain platforms that have lower fees there are also loads of platforms that have much greater fees so roundabouts and swings truly it all depends on the big picture um they have a 5 dollar withdrawal charge is that truly that much perhaps if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
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 just weigh that up um when you when you take a look at it there’s a few other costs on their cost page however normally the actual investing into stocks is commission free so once you’ve topped up you can do as many deals as you desire in terms of buying underlying properties without paying additional charges and lastly the last con from me is the portfolio history so i find it a little bit difficult to determine sort of what i’ve invested where i have to go into each specific stock just 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 truly like to see all of the financial investments if possible and likewise i’ve still not truly 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 see this area that’s pretty much it if you are interested in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can just use the virtual portfolio at first simply to see what you believe learn the platform and then make a decision on whether you wish to utilize it or not so i ‘d love to know your thoughts if you do try it out what you think of it and yeah that’s pretty much it for th.