the agreement is in terms of our analysts saying to purchase to hold to sell the stock all the scores where it’s originated from Crypto Vs Etoro…
so i think 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 quick video just taking you through the pros and cons the things that i think are excellent about the platform and the important things i believe are bad about the platform and after that you can make a decision on whether you want to try let’s jump directly in so the first big pro for me is the truth that they have expert ratings and research i absolutely love this it’s got an entire page for each of the stocks just telling you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it appears like it offers you the rate 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 expert deals as well so it just reveals you whether insiders have actually purchased the shares um over the last couple of months or not i believe this is definitely great and shown in an actually simple format so for me this is a huge plus for the platform a 2nd big plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i believe this reduces your foreign exchange risk so in theory you could simply top up a bigger quantity when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx costs whenever that you make a deal whereas here that does not happen you simply pay the fx cost
What is social trading?
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 3rd big pro of the platform in my viewpoint is that it provides you access not simply to stocks however likewise to commodities and cryptocurrency undoubtedly this isn’t truly something that newbies need to meddle but it does have that choice for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social element of the platform so you can actually go in and speak with individuals discuss post see what individuals are posting about each private stock almost have like discussions about it and you can actually take a look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are buying consisting of the popular traders you can see the earnings they have actually made and everything it is really transparent and i think it’s really good due to the fact that you frequently get like alerts stating thus many individuals are discussing tesla right now like see all the posts
here and it’s really cool just to see what individuals are believing the next pro of the platform is in my opinion the copy portfolios so they have two options i think i’ve 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’ve discussed 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 truly cool and i think it’s a big plus of the platform due to the fact that they have actually got loads of various themes of these portfolios um that you can pick from so that’s a huge plus for me the last pro from my perspective is it’s simply got a really great layout dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have a really really nice desktop variation it looks actually clean easy to use i didn’t actually have any concerns with finding out what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research study you can click the news and it will simply inform you all the news about that particular stock it’s truly cool and also your portfolio simply looks really good and tidy and actually has a lot of data on the primary portfolio page which i actually like now for the cons i think there are three main cons in terms of in my opinion plainly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i use them myself but ones to be aware of the first one i believe it is a 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 individuals to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and mistakenly open a cfd which is truly great which’s basically one of the main factors that i do use them so it’s not truly something to fret about unintentionally doing but i usually believe that a lot of the platforms that provide cfds ought to make it even harder to open cfds for retail financiers i know quite a few people who’ve lost rather a great deal of cash um not on actually however still trading cfds so i believe normally there must most likely be a little bit more it’s going to say guideline however simply normally a little 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 grumbling about the costs now yes whilst you might compare to certain platforms that have lower costs there are also loads of platforms that have much greater charges so roundabouts and swings truly it all depends on the big picture um they have a 5 dollar withdrawal cost is that really that much maybe if you’re constantly 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 only going to be getting like a thousand pounds at a time then does it really matter most likely not so just weigh that up um when you when you look at it there’s a few other costs on their cost page however normally the real investing into stocks is commission totally free so once you have actually topped up you can do as many deals as you want in terms of purchasing underlying assets without paying extra costs and finally the last con from me is the portfolio history so i discover it a little bit challenging to find out sort of what i have actually invested where i need to go into each specific 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 investments if possible and likewise i have actually still not actually figured out the dividends and how that shows up so that possibly resembles a little a 50 50 for me not quite sure yet to watch this space 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 utilize and you don’t even need to top up you can just utilize the virtual portfolio at first simply to see what you think discover the platform and then decide on whether you want to utilize it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think about it and yeah that’s basically it for th.