the agreement is in regards to our analysts stating to purchase to hold to sell the stock all the scores where it’s come from Etoro Vs Avanza…
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 believed i would do a fast video just taking you through the benefits and drawbacks the things that i believe are good about the platform and the important things i believe are bad about the platform and then you can make a decision on whether you want to give it a go let’s dive directly in so the first big pro for me is the fact that they have analyst rankings and research i absolutely enjoy this it’s got a whole page for each of the stocks just telling you what analysts are doing and saying about the stock so you can see here for instance on johnson and johnson what it looks like it gives 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 purchasing or offering and the expert transactions also so it just shows you whether experts have actually purchased the shares um over the last few months or not i think this is definitely great and shown in an actually simple format so for me this is a huge plus for the platform a 2nd big plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective but i think this decreases your foreign exchange danger so in theory you might simply 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 every time that you make a transaction whereas here that doesn’t happen you simply pay the fx cost
What is social trading?
when you top up and when you withdraw and convert back to your own currency this obviously works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my viewpoint is that it offers you gain access to not simply to stocks but likewise to commodities and cryptocurrency certainly this isn’t truly something that newbies need to dabble in however it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk to individuals comment on post see what individuals are publishing about each individual stock nearly have like discussions about it and you can in fact take a look at people’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are investing in including the popular traders you can see the revenues they’ve made and everything it is very transparent and i believe it’s actually excellent due to the fact that you often get like alerts saying like so many individuals are discussing tesla right now like see all the posts
here and it’s actually cool just 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’ve pointed out prior to 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 discussed this before however they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s truly cool and i think it’s a big plus of the platform since they’ve got loads of different styles of these portfolios um that you can pick from so that’s a huge plus for me the final pro from my viewpoint is it’s just got a truly good layout dashboard and the way it’s established so unlike the other platforms that i use at the moment they have a truly actually good desktop version it looks truly clean easy to use i didn’t actually have any problems with determining what to do i like that for each stock you can enter and see everything in one place you understand you can click
on the chart you can click on the research study you can click 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 clean and really good and in fact has a lot of information on the main portfolio page which i really like now for the cons i believe there are 3 primary cons in regards to in my viewpoint plainly they’re not ones that have put me off using the platform um you understand i have actually done portfolio updates i use them myself however ones to be knowledgeable about the first one i believe it is a bit too easy to trade cfds so because the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and accidentally open a cfd which is actually good and that’s practically among the main factors that i do use them so it’s not really something to fret about unintentionally doing however i typically believe that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i know quite a few people who have actually lost rather a great deal of cash um not on in fact but still trading cfds so i think typically there ought to probably be a bit more it’s going to state regulation but simply usually a bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the charges so this is something that shows up a lot when i speak about is people complaining about the costs now yes whilst you might compare to certain platforms that have lower costs there are also loads of platforms that have much higher charges so roundabouts and swings truly it all depends upon the big picture um they have a five dollar withdrawal fee is that truly that much perhaps if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
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 securing like a thousand pounds at a time then does it actually matter most likely not so simply weigh that up um when you when you look at it there’s a couple of other fees on their fee page however usually the actual investing into stocks is commission complimentary so when you have actually topped up you can do as lots of deals as you want in regards to purchasing underlying assets without paying additional costs and lastly the last con from me is the portfolio history so i discover it a bit challenging to find out sort of what i’ve invested where i have to go into each private stock simply to see when i have actually 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 also i’ve still not truly determined 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 see this space that’s pretty much it if you are interested in providing a go i do have a referral link down listed 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 think find out the platform and after that decide on whether you wish to use it or not so i ‘d enjoy to understand your ideas if you do try it out what you consider it and yeah that’s practically it for th.