the consensus remains in regards to our analysts saying to buy to hold to sell the stock all the scores where it’s come from Have People Made Money On Etoro…
so i think there’s a great deal of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a quick video just taking you through the benefits and drawbacks the important things that i believe are excellent about the platform and the important things i think are bad about the platform and then you can decide on whether you want to give it a go let’s dive straight in so the first big pro for me is the reality that they have expert ratings and research study i absolutely love 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 instance on johnson and johnson what it appears 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 buying or selling and the expert transactions too so it just shows you whether experts have actually bought the shares um over the last couple of months or not i think this is definitely fantastic and displayed in an actually easy format so for me this is a big plus for the platform a second substantial 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 lessens your foreign exchange threat so in theory you could just top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx charges whenever that you make a deal whereas here that doesn’t occur you simply pay the fx fee
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when you top up and when you withdraw and transform back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it gives you access not just to stocks but also to commodities and cryptocurrency obviously this isn’t truly something that beginners need to dabble in but it does have that option 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 literally go in and speak with individuals comment on post see what people are publishing about each private stock practically have like discussions about it and you can really look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying including the popular traders you can see the earnings they’ve made and whatever it is really transparent and i believe it’s actually great due to the fact that you often get like notifications 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 thinking the next pro of the platform remains in my opinion the copy portfolios so they have two options i believe i have actually discussed 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’ve discussed this before but they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i believe it’s a big plus of the platform due to the fact that they have actually got loads of different themes of these portfolios um that you can choose from so that’s a substantial plus for me the last pro from my perspective is it’s just got an actually nice design control panel 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 really tidy easy to use i didn’t really have any issues 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 simply tell you all the news about that particular stock it’s truly cool and likewise your portfolio just looks really good and tidy and in fact has a great deal of data on the primary portfolio page which i really 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 know i’ve done portfolio updates i utilize them myself but ones to be familiar with the very first one i think it is a little bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it quite easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and accidentally open a cfd which is really good and that’s pretty much one of the main reasons that i do use them so it’s not really something to stress over inadvertently doing however i generally believe that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i understand several individuals who have actually lost quite a great deal of money um not on actually however still trading cfds so i think generally there need to probably be a little bit more it’s going to state guideline but just normally a little more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that turns up a lot when i talk about is individuals grumbling about the fees now yes whilst you might compare to certain platforms that have lower charges there are also loads of platforms that have much higher fees so roundabouts and swings actually everything depends on the big picture um they have a five dollar withdrawal charge is that actually that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot but if you’re investing long term and you’re only 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 charges on their fee page however usually the real investing into stocks is commission totally free so once you’ve topped up you can do as lots of transactions as you desire in regards to buying underlying assets without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit tough to find out sort of what i’ve invested where i need to go into each private stock simply to see when i have actually 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 financial investments if possible and likewise i have actually still not truly figured out the dividends and how that appears so that possibly resembles a bit of a 50 50 for me not quite sure yet to enjoy this area that’s basically it if you are interested in providing a go i do have a referral link down below that you can use and you do not even need to top up you can just use the virtual portfolio at first just to see what you think learn the platform and then make a decision on whether you want to use it or not so i ‘d love to understand your thoughts if you do try it out what you think of it and yeah that’s basically it for th.