the agreement remains in regards to our analysts saying to buy to hold to sell the stock all the rankings where it’s come from Does Etoro Trade Cryptocurrency…
I believe there’s a lot of interest about i do get a lot 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 believe are good about the platform and the things i believe are bad about the platform and then you can make a decision on whether or not you desire to offer it a go let’s jump straight in so the very first big pro for me is the fact that they have expert ratings and research i definitely enjoy this it’s got a whole 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 gives 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 purchasing or offering and the expert deals also so it just reveals you whether insiders have bought the shares um over the last couple of months or not i believe this is definitely fantastic and displayed in a really easy format so for me this is a huge 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 however i believe this minimizes your forex threat so in theory you might simply top up a larger amount when the currency is in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx charges each time that you make a deal whereas here that doesn’t 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 certainly works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it offers you gain access to not simply to stocks however likewise to products and cryptocurrency certainly this isn’t truly something that newbies must dabble in however it does have that alternative for those of you who are interested 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 individuals discuss post see what individuals are posting about each private stock nearly have like discussions about it and you can in fact look at individuals’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and whatever it is very transparent and i think it’s actually good since you frequently get like notifications saying thus many people are speaking about tesla right now like see all the posts
here and it’s actually cool just to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two alternatives i believe i have actually mentioned prior to 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’ve spoken about this before but they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my opinion um it’s truly cool and i believe it’s a big plus of the platform due to the fact that they have actually got loads of different themes of these portfolios um that you can pick from so that’s a substantial plus for me the last pro from my viewpoint is it’s simply got a truly great layout dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a really really great 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 go in and see whatever 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 inform you all the news about that specific stock it’s truly cool and likewise your portfolio just looks tidy and actually good and really has a lot of information on the main portfolio page which i really like now for the cons i think there are three main cons in regards to in my opinion 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 aware of the very first one i believe it is a bit too simple to trade cfds so because the cfd platform and the regular trading platform are incorporated into one it makes it quite easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and accidentally open a cfd which is truly excellent and that’s pretty much one of the primary factors that i do use them so it’s not really something to worry about inadvertently doing but i normally believe that a great deal of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand many people who have actually lost rather a lot of cash um not on really but still trading cfds so i think normally there need to probably be a little bit more it’s going to say guideline but just usually a little bit more like a few more
hoops to leap through if you will um to open a cfd trade secondly the charges so this is something that comes up a lot when i speak about is people complaining 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 costs so roundabouts and swings truly all of it depends upon the big picture um they have a five dollar withdrawal cost is that really that much perhaps if you’re constantly withdrawing l.
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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 securing like a thousand pounds at a time then does it truly 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 charge page however usually the actual investing into stocks is commission complimentary so once you’ve topped up you can do as lots of transactions as you desire in terms of purchasing underlying properties without paying extra costs and finally the last con from me is the portfolio history so i discover it a bit difficult to figure out sort of what i’ve invested where i need to go into each specific stock simply to see when i’ve 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 really like to see all of the investments if possible and likewise i’ve 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 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 don’t even need to top up you can just use the virtual portfolio at first just to see what you believe find out the platform and then decide on whether you want to use it or not so i ‘d like to know your ideas if you do try it out what you think of it and yeah that’s practically it for th.