the consensus remains in terms of our analysts saying to buy to hold to sell the stock all the rankings where it’s originated from Etoro Vs Exodus…
I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed i would do a quick video simply taking you through the pros and cons the things that i think are excellent about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you want to provide it a go let’s jump directly in so the very first huge pro for me is the fact that they have analyst rankings and research i definitely enjoy this it’s got an entire page for each of the stocks just informing you what experts 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 buying or selling and the expert transactions also so it just shows you whether insiders have actually bought the shares um over the last couple of months or not i think this is absolutely excellent and displayed in a really simple format so for me this is a big plus for the platform a second huge plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i think this reduces 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 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 doesn’t happen you just pay the fx fee
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 huge pro of the platform in my opinion is that it provides you access not just to stocks however likewise to products and cryptocurrency undoubtedly this isn’t truly something that beginners must dabble in but 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 aspect of the platform so you can literally go in and talk to people comment on post see what people are posting about each private stock nearly have like discussions about it and you can really take a look at people’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are investing in including the popular traders you can see the earnings they’ve made and everything it is really transparent and i believe it’s really excellent due to the fact that you frequently get like notices stating thus lots of people are talking about tesla right now like see all the posts
here and it’s really cool just to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two options i think i’ve pointed out prior to you can either copy private individuals 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 but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my opinion um it’s really cool and i think it’s a big plus of the platform since they have actually got loads of different themes of these portfolios um that you can select from so that’s a big plus for me the final pro from my viewpoint is it’s just got a really good design dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have an actually actually great desktop version it looks truly clean easy to use i didn’t truly have any issues with figuring out what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research you can click the news and it will simply tell you all the news about that particular stock it’s truly cool and likewise your portfolio simply looks really great and clean and really 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 use them myself but ones to be knowledgeable about the first one i believe it is a little bit too simple to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it rather 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 unintentionally open a cfd which is actually good and that’s practically among the main factors that i do utilize them so it’s not truly something to fret about mistakenly doing but i generally believe that a lot of the platforms that provide cfds should make it even harder to open cfds for retail investors i know quite a few people who’ve lost rather a great deal of cash um not on actually but still trading cfds so i think usually there ought to probably be a bit more it’s going to state guideline however simply typically a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that turns up a lot when i speak about is people complaining about the charges now yes whilst you may compare to particular platforms that have lower costs there are likewise loads of platforms that have much higher fees so swings and roundabouts really everything depends upon the big picture um they have a 5 dollar withdrawal cost is that actually that much possibly if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly that’s a lot but if you’re investing long term and you’re only going to be getting like a thousand pounds at a time then does it actually matter probably not so simply weigh that up um when you when you look at it there’s a few other fees on their fee page however normally the real investing into stocks is commission totally free so when you have actually topped up you can do as lots of deals as you want in terms of buying underlying properties without paying extra costs and finally the last con from me is the portfolio history so i find it a little bit hard to find out sort of what i have actually invested where i need to go into each private 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 truly like to see all of the investments if possible and also i have actually still not truly figured out the dividends and how that appears so that potentially is like a little bit of a 50 50 for me not quite sure yet to enjoy this area that’s basically it if you are interested in giving them a go i do have a recommendation link down listed below that you can utilize and you do not even have to top up you can simply use the virtual portfolio at first simply to see what you think discover the platform and after that decide on whether you wish to utilize it or not so i ‘d love to know your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.