the consensus remains in terms of our experts saying to purchase to hold to sell the stock all the rankings where it’s originated from Do You Actually Own The Stock On Etoro…
I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed i would do a quick video simply taking you through the pros and cons the things that i believe are excellent 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 provide it a go let’s dive directly in so the very first big pro for me is the fact that they have analyst rankings and research i definitely enjoy this it’s got an entire page for each of the stocks just informing 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 offers 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 insider transactions as well so it simply shows you whether experts have actually bought the shares um over the last couple of months or not i think this is absolutely great and displayed in a really easy format so for me this is a substantial plus for the platform a 2nd big 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 minimizes your foreign exchange threat so in theory you could just top up a larger quantity when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs whenever that you make a deal whereas here that does not occur you just pay the fx fee
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when you top up and when you withdraw and transform back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it offers you gain access to not just to stocks but also to products and cryptocurrency certainly this isn’t truly something that beginners must meddle but it does have that option 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 actually go in and speak to people comment on post see what people are posting about each private stock practically have like conversations about it and you can actually look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are buying 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 truly excellent due to the fact that you typically get like alerts stating like so lots of people are speaking 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 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 talked about this prior to however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s truly cool and i believe it’s a substantial plus of the platform since they’ve got loads of various themes of these portfolios um that you can select from so that’s a huge plus for me the last pro from my viewpoint is it’s just got an actually good design dashboard and the method it’s set up so unlike the other platforms that i use at the moment they have a really actually good desktop version it looks truly tidy easy to use i didn’t truly have any issues with figuring out 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 on the research you can click on the news and it will simply tell you all the news about that particular stock it’s really cool and also your portfolio just looks tidy and truly great and really has a lot of information on the primary portfolio page which i actually like now for the cons i think there are 3 main cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you understand i have actually done portfolio updates i use them myself but ones to be familiar with the first one i believe it is a little bit too simple to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it quite simple 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 actually excellent which’s basically among the main factors that i do use them so it’s not actually something to stress over accidentally doing however i normally believe that a lot of the platforms that use cfds need to make it even harder to open cfds for retail financiers i understand quite a few individuals who’ve lost quite a lot of cash um not on in fact but still trading cfds so i believe normally there need to probably be a bit more it’s going to say guideline however just typically a little bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that shows up a lot when i discuss is people grumbling about the costs now yes whilst you may compare to specific platforms that have lower fees there are likewise loads of platforms that have much greater costs so roundabouts and swings truly all of it depends upon the big picture um they have a 5 dollar withdrawal fee is that really that much possibly if you’re continuously 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 getting like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you take a look at it there’s a couple of other costs on their fee page but typically the real investing into stocks is commission complimentary so as soon as you have actually topped up you can do as numerous transactions as you want in terms of buying underlying possessions without paying additional costs and finally the last con from me is the portfolio history so i discover it a little bit hard to figure out sort of what i’ve 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 really like to see all of the financial investments if possible and also i have actually still not truly figured out the dividends and how that shows up so that potentially resembles a little bit of 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 listed below that you can use and you do not even have to top up you can simply utilize the virtual portfolio at first just to see what you think learn the platform and then decide on whether you want to utilize it or not so i ‘d enjoy to know your thoughts if you do try it out what you consider it and yeah that’s basically it for th.