the consensus is in terms of our analysts stating to purchase to hold to offer the stock all the ratings where it’s come from Coinbase Vs Etoro Vs Binance…
so i think there’s a lot of interest about i do get a great deal of questions asking me about the platform so i believed i would do a fast video just taking you through the benefits and drawbacks the important things that i believe are great about the platform and the things i believe are bad about the platform and after that you can decide on whether or not you want to give it a go let’s dive straight in so the first huge pro for me is the fact that they have analyst scores and research i absolutely like this it’s got a whole page for each of the stocks just telling 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 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 purchasing or offering and the expert transactions also so it simply shows you whether insiders have purchased the shares um over the last couple of months or not i think this is definitely fantastic and displayed in an actually simple format so for me this is a substantial plus for the platform a 2nd huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but 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 just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx costs every time that you make a deal whereas here that doesn’t happen you simply pay the fx charge
What is social trading?
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 3rd big pro of the platform in my viewpoint is that it provides you access not just to stocks but also to commodities and cryptocurrency undoubtedly this isn’t really something that newbies need to meddle but 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 element of the platform so you can literally go in and speak to individuals talk about post see what people are posting about each individual stock nearly have like conversations about it and you can really take a look at people’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying including the popular traders you can see the profits they’ve made and everything it is very transparent and i believe it’s really good due to the fact that you frequently get like notifications saying like so lots of people are discussing tesla today like see all the posts
here and it’s truly cool simply to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two alternatives i believe i have actually discussed prior to 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 discussed this before however they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s really cool and i believe it’s a big plus of the platform due to the fact that they’ve got loads of various styles of these portfolios um that you can select from so that’s a huge plus for me the final pro from my point of view is it’s simply got an actually nice layout dashboard and the method it’s established so unlike the other platforms that i use at the moment they have a truly really good desktop variation it looks truly clean easy to use i didn’t really have any issues with determining what to do i like that for each stock you can go in and see everything in one place you understand you can click
on the chart you can click the research you can click on the news and it will just inform you all the news about that specific stock it’s truly cool and also your portfolio just looks clean and actually great and in fact has a great deal of data on the primary portfolio page which i really like now for the cons i think there are 3 main cons in regards to in my opinion clearly they’re not ones that have actually put me off using the platform um you understand i’ve done portfolio updates i use them myself however ones to be familiar with the very first one i believe 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 rather easy for individuals 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 truly excellent which’s basically one of the primary reasons that i do utilize them so it’s not actually something to fret about inadvertently doing however i normally think that a lot of the platforms that offer cfds must make it even harder to open cfds for retail financiers i understand many individuals who have actually lost rather a lot of cash um not on in fact however still trading cfds so i think usually there must probably be a little bit more it’s going to state policy however just typically a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the charges so this is something that turns up a lot when i talk about is people complaining about the charges now yes whilst you might compare to specific platforms that have lower fees there are also loads of platforms that have much higher charges so swings and roundabouts really it all depends upon the big picture um they have a 5 dollar withdrawal cost is that truly that much possibly if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes maybe that’s a lot but if you’re investing long term and you’re only going to be taking out like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you look at it there’s a couple of other fees on their cost page but normally the actual investing into stocks is commission complimentary so when you have actually topped up you can do as lots of transactions as you desire in terms of buying underlying properties without paying additional costs and lastly the last con from me is the portfolio history so i find it a bit hard to figure out sort of what i’ve invested where i have to go into each specific stock just to see when i have actually invested into it and just 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 actually like to see all of the investments if possible and also i have actually still not really figured out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to view this area that’s basically it if you are interested in providing a go i do have a referral link down below that you can utilize and you don’t even need to top up you can simply use the virtual portfolio initially simply to see what you think learn the platform and then decide on whether you wish to use it or not so i ‘d enjoy to know your thoughts if you do try it out what you think of it and yeah that’s pretty much it for th.