the agreement remains in terms of our analysts saying to purchase to hold to offer the stock all the scores where it’s come from Does Etoro Trade On The Canadian Exchanges…
so i believe there’s a great deal of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video simply taking you through the advantages and disadvantages the important things that i believe are good about the platform and the things i believe are bad about the platform and then you can decide on whether or not you wish to try let’s dive straight in so the very first huge pro for me is the truth that they have expert rankings and research i definitely like this it’s got an entire page for each of the stocks just telling you what experts are doing and saying 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 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 offering or purchasing and the expert transactions too so it simply shows you whether insiders have purchased the shares um over the last few months or not i think this is definitely fantastic and shown in an actually simple format so for me this is a substantial plus for the platform a second substantial plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective however i believe this minimizes your forex risk so in theory you might just top up a bigger amount when the currency is in your favor and simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx fees every time that you make a transaction whereas here that does not occur you just pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this obviously works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my opinion is that it offers you gain access to not simply to stocks however also to commodities and cryptocurrency clearly this isn’t truly something that newbies ought to dabble in but 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 element of the platform so you can actually enter and speak with people comment on post see what people are posting about each individual stock practically 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 on their portfolio and see what they are buying consisting of the popular traders you can see the revenues they have actually made and everything it is very transparent and i believe it’s truly great because you often get like notices stating thus many people are speaking about tesla right now like see all the posts
here and it’s actually cool simply to see what people are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have two options i believe i have actually discussed 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 talked about this prior to but 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 actually cool and i believe it’s a substantial plus of the platform because they’ve got loads of different themes of these portfolios um that you can choose from so that’s a huge plus for me the final pro from my point of view is it’s just got a truly good layout dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually actually nice desktop version it looks actually clean easy to use i didn’t truly have any problems 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 actually cool and likewise your portfolio simply looks really great and clean and actually has a lot of information on the main portfolio page which i really like now for the cons i think there are 3 primary cons in regards to in my viewpoint 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 however ones to be aware of the first one i believe it is a little bit too easy to trade cfds so because the cfd platform and the typical 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 simply click a button and unintentionally open a cfd which is truly great which’s pretty much among the main factors that i do use them so it’s not truly something to stress over unintentionally doing however i generally think that a great deal of the platforms that use cfds must make it even harder to open cfds for retail investors i understand many people who’ve lost rather a great deal of cash um not on actually however still trading cfds so i believe normally there should probably be a little bit more it’s going to say policy however just typically a little more like a few more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that turns up a lot when i talk about is people grumbling about the charges now yes whilst you might compare to particular platforms that have lower fees there are also loads of platforms that have much higher costs so swings and roundabouts really all of it depends upon the big picture um they have a five dollar withdrawal charge is that actually that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot but if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you take a look at it there’s a few other costs on their charge page however generally the actual investing into stocks is commission complimentary so once you’ve topped up you can do as numerous deals as you desire in terms of purchasing underlying possessions without paying extra charges and finally the last con from me is the portfolio history so i discover it a bit hard to determine sort of what i have actually invested where i have to go into each individual stock simply to see when i’ve invested into it and 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 also i have actually still not truly found out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to enjoy this area that’s practically it if you are interested in providing a go i do have a recommendation link down listed below that you can use and you don’t even have to top up you can just use the virtual portfolio at first just to see what you think find out the platform and after that decide on whether you want to utilize it or not so i ‘d love to understand your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.