the consensus remains in terms of our experts stating to purchase to hold to offer the stock all the ratings where it’s originated from Does Etoro Trade Dogecoin…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a fast 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 want to offer it a go let’s jump straight in so the very first big pro for me is the truth that they have analyst ratings and research i absolutely enjoy this it’s got an entire page for each of the stocks just telling you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it gives you the price targets that they think 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 selling and the insider transactions as well so it just shows you whether experts have actually bought the shares um over the last couple of months or not i believe this is absolutely excellent and displayed in a truly easy format so for me this is a huge plus for the platform a second huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i believe this decreases your forex danger so in theory you might just top up a larger quantity when the currency is 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 every time that you make a transaction whereas here that does not occur you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this obviously works finest if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it offers you access not just to stocks however also to products and cryptocurrency obviously this isn’t truly something that newbies need to meddle but it does have that option for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally enter and talk with people talk about post see what people are publishing about each specific stock practically have like discussions about it and you can really take a look at individuals’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are investing in including the popular traders you can see the earnings they have actually made and whatever it is really transparent and i think it’s really good since you typically get like alerts saying thus many individuals are discussing tesla today like see all the posts
here and it’s actually cool just to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two choices i believe i’ve mentioned before you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s really cool and i think it’s a huge plus of the platform since they have actually got loads of different styles of these portfolios um that you can select from so that’s a big plus for me the last pro from my viewpoint is it’s simply got a truly good design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have an actually truly nice desktop variation it looks really clean easy to use i didn’t really have any problems with determining 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 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 really great and really has a lot of data on the primary portfolio page which i truly like now for the cons i believe there are 3 main cons in terms of in my viewpoint clearly they’re not ones that have actually put me off utilizing the platform um you understand i’ve done portfolio updates i utilize them myself however ones to be familiar with the very first one i think it is a little bit too easy to trade cfds so since the cfd platform and the regular trading platform are incorporated into one it makes it rather simple for people 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 really excellent and that’s practically among the primary reasons that i do use them so it’s not truly something to stress over accidentally doing however i generally believe that a lot of the platforms that offer cfds need to make it even harder to open cfds for retail investors i understand many individuals who have actually lost quite a great deal of cash um not on really but still trading cfds so i think normally there ought to most likely be a little bit more it’s going to state policy but simply generally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that comes up a lot when i talk about is people complaining about the costs now yes whilst you might compare to specific platforms that have lower fees there are likewise loads of platforms that have much higher costs so swings and roundabouts really everything depends on the big picture um they have a 5 dollar withdrawal cost is that really that much possibly if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes maybe 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 few other charges on their fee page however normally the real investing into stocks is commission free so when you have actually topped up you can do as lots of transactions as you desire in terms of purchasing underlying properties without paying additional fees and finally 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 private stock just to see when i have actually invested into it and 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 likewise i’ve still not really found out the dividends and how that appears so that potentially is like a bit of a 50 50 for me not quite sure yet to see this area that’s basically it if you are interested in providing a go i do have a recommendation link down below that you can use and you don’t even need to top up you can simply use the virtual portfolio initially simply to see what you believe learn the platform and then make a decision on whether you wish to use it or not so i ‘d like to understand your thoughts if you do try it out what you think of it and yeah that’s pretty much it for th.