the consensus remains in terms of our analysts saying to purchase to hold to offer the stock all the rankings where it’s come from Etoros Review…
so i believe there’s a lot of interest about i do get a lot of concerns asking me about the platform so i thought i would do a fast video just taking you through the benefits and drawbacks the things that i think are good about the platform and the things i think are bad about the platform and after that you can make a decision on whether or not you want to give it a go let’s jump straight in so the first big pro for me is the fact that they have expert rankings and research i absolutely like this it’s got a whole page for each of the stocks simply informing you what experts are saying and doing 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 offering or purchasing and the insider deals too so it just shows you whether insiders have bought the shares um over the last few months or not i believe this is definitely 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 minimizes your foreign exchange risk so in theory you might just top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx costs every time that you make a transaction whereas here that doesn’t occur you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and transform back to your own currency this clearly works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my opinion is that it gives you access not simply to stocks however also to products and cryptocurrency obviously this isn’t really something that newbies ought to meddle but it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can actually go in and talk with individuals talk about post see what individuals are publishing about each specific stock nearly have like conversations about it and you can in fact take a look at individuals’s portfolios so you can go into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and everything it is very transparent and i think it’s truly excellent since you typically get like notifications saying like so many people are speaking about tesla today like see all the posts
here and it’s truly cool just to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have two alternatives i think i’ve mentioned before you can either copy private 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 but they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s truly cool and i believe it’s a huge plus of the platform because they’ve got loads of various themes of these portfolios um that you can pick from so that’s a huge plus for me the last pro from my perspective is it’s just got a really great design dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a truly really good desktop version it looks actually clean easy to use i didn’t really have any problems with figuring out what to do i like that for each stock you can enter and see everything in one location you understand you can click
on the chart you can click on the research you can click the news and it will just inform you all the news about that particular stock it’s actually cool and likewise your portfolio just looks clean and truly great and in fact has a lot of information on the main portfolio page which i actually like now for the cons i believe there are 3 main cons in terms of in my viewpoint plainly they’re not ones that have put me off utilizing the platform um you understand i’ve done portfolio updates i use them myself however ones to be knowledgeable about the first one i think it is a little bit too simple to trade cfds so because the cfd platform and the typical trading platform are integrated 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 actually something to worry about unintentionally doing but i usually believe that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i understand many individuals who’ve lost quite a great deal of money um not on in fact but still trading cfds so i think typically there need to most likely be a bit more it’s going to state regulation but simply usually a bit more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that shows up a lot when i discuss is people grumbling about the charges now yes whilst you may compare to particular platforms that have lower charges there are likewise loads of platforms that have much higher fees so swings and roundabouts truly everything depends on the big picture um they have a five dollar withdrawal fee 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 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 truly matter most likely not so just weigh that up um when you when you look at it there’s a few other costs on their cost page however usually the actual investing into stocks is commission complimentary so when you have actually topped up you can do as many transactions as you desire in regards to buying underlying assets without paying additional charges and lastly the last con from me is the portfolio history so i discover it a bit hard to figure out sort of what i have actually invested where i need to go into each individual stock simply to see when i’ve invested into it and just 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 actually like to see all of the financial investments if possible and likewise i have actually still not truly found out the dividends and how that appears so that potentially resembles a little bit of a 50 50 for me not quite sure yet to watch this space that’s pretty much 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 simply to see what you think learn the platform and after that make a decision on whether you wish to utilize it or not so i ‘d enjoy to understand your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.