the consensus remains in terms of our analysts stating to buy to hold to sell the stock all the scores where it’s originated from Etoro Verification Status…
so i think there’s a great deal of interest about i do get a lot of questions asking me about the platform so i thought i would do a quick video simply taking you through the benefits and drawbacks the things that i believe are great about the platform and the things i believe are bad about the platform and after that you can make a decision on whether you want to give it a go let’s jump straight in so the first huge pro for me is the fact that they have analyst ratings and research i absolutely love this it’s got an entire page for each of the stocks simply telling you what analysts 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 price 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 selling or purchasing and the expert transactions as well so it simply shows you whether experts have purchased the shares um over the last few months or not i think this is definitely terrific and shown 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 however i believe this lessens your foreign exchange risk so in theory you might simply top up a bigger amount when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you need to pay the fx charges whenever that you make a transaction whereas here that does not happen you just pay the fx charge
What is social trading?
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 big pro of the platform in my viewpoint is that it offers you access not simply to stocks however likewise to commodities and cryptocurrency certainly this isn’t actually something that newbies must dabble in but it does have that alternative for those of you who have an interest 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 to people discuss post see what people are posting about each private stock practically have like conversations about it and you can actually take a look at individuals’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the earnings they’ve made and everything it is really transparent and i think it’s truly great since you frequently get like notices stating like so lots of people are discussing tesla right now like see all the posts
here and it’s actually cool simply to see what individuals are believing the next pro of the platform remains in my opinion the copy portfolios so they have two choices 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 have actually spoken about this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s kind of like an etf in my opinion um it’s truly 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 huge plus for me the final pro from my perspective is it’s simply got a truly great design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have a truly really great desktop variation it looks really tidy easy to use i didn’t really have any issues with finding out what to do i like that for each stock you can go in and see everything in one place you know you can click
on the chart you can click on the research you can click the news and it will simply tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks actually nice and clean and in fact has a great deal of information on the primary portfolio page which i actually like now for the cons i think there are three primary cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i have actually done portfolio updates i utilize them myself but ones to be knowledgeable about the very first one i believe it is a bit too simple to trade cfds so since the cfd platform and the regular trading platform are integrated into one it makes it quite easy for people to trade cfds now they do put
cautions in place and it’s not like you can just click a button and mistakenly open a cfd which is truly good and that’s basically one of the main reasons that i do utilize them so it’s not truly something to fret about accidentally doing but i usually believe that a great deal of the platforms that provide cfds must make it even harder to open cfds for retail investors i know many individuals who have actually lost quite a great deal of money um not on actually however still trading cfds so i believe usually there must probably be a bit more it’s going to state regulation however just normally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the charges so this is something that shows up a lot when i talk about is people grumbling about the costs now yes whilst you might compare to particular platforms that have lower charges there are likewise loads of platforms that have much higher costs so roundabouts and swings actually all of it depends on the big picture um they have a 5 dollar withdrawal charge is that truly that much maybe if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re just going to be taking out 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 fees on their cost page but generally the real investing into stocks is commission totally free so once you have actually topped up you can do as lots of transactions as you want in regards to purchasing underlying assets without paying additional fees and lastly the last con from me is the portfolio history so i find it a little bit challenging to figure out 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 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 truly like to see all of the investments if possible and also i’ve still not actually figured out the dividends and how that appears so that possibly is like a little a 50 50 for me not quite sure yet to enjoy this area that’s basically it if you have an interest in providing a go i do have a recommendation link down listed below that you can utilize and you do not even need to top up you can simply use the virtual portfolio at first simply to see what you think learn the platform and after that make a decision on whether you want to utilize it or not so i ‘d enjoy to know your ideas if you do try it out what you think of it and yeah that’s basically it for th.