the agreement remains in regards to our experts saying to buy to hold to offer the stock all the rankings where it’s originated from How Does Etoro Copy Trading Work…
so i think there’s a lot of interest about i do get a great deal of concerns asking me about the platform so i believed i would do a fast video simply taking you through the pros and cons the important things that i think are excellent about the platform and the important things i believe are bad about the platform and then you can decide on whether or not you wish to try let’s dive straight in so the first huge pro for me is the truth that they have expert ratings and research i absolutely love this it’s got a whole page for each of the stocks simply informing you what experts are doing and stating 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 selling or purchasing and the insider transactions also so it simply reveals you whether insiders have purchased the shares um over the last few months or not i think this is definitely terrific and displayed in a really simple format so for me this is a huge plus for the platform a 2nd substantial plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective but i believe this minimizes your foreign exchange threat so in theory you could just top up a larger amount when the currency remains in your favor and just hold the cash waiting to invest it for a great deal of the platforms you have to pay the fx fees whenever that you make a transaction whereas here that doesn’t occur you just pay the fx fee
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when you top up and when you withdraw and convert back to your own currency this clearly works finest if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it provides you gain access to not just to stocks but also to products and cryptocurrency certainly this isn’t actually something that novices must meddle but it does have that choice 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 enter and talk with people discuss post see what individuals are posting about each private stock practically have like discussions about it and you can really look at people’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 profits they have actually made and everything it is very transparent and i believe it’s really excellent because you typically get like alerts saying like so many individuals are talking about tesla today like see all the posts
here and it’s truly cool just to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two options i think i have actually discussed prior to you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually talked about this prior to but they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my opinion um it’s actually cool and i think it’s a huge plus of the platform due to the fact that they have actually got loads of various styles of these portfolios um that you can pick from so that’s a big plus for me the last pro from my perspective is it’s simply got an actually great layout control panel and the method it’s set up so unlike the other platforms that i use at the moment they have a truly actually great desktop variation it looks truly clean easy to use i didn’t really have any issues with figuring out what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click the research you can click the news and it will just inform you all the news about that specific stock it’s really cool and also your portfolio just looks truly good and clean and in fact has a great deal of information on the primary portfolio page which i truly like now for the cons i believe there are three main cons in terms of in my viewpoint plainly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i utilize them myself but ones to be aware of the very first one i think it is a little bit too easy to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and accidentally open a cfd which is actually good and that’s practically among the primary factors that i do utilize them so it’s not truly something to stress over mistakenly doing but i typically think that a great deal of the platforms that offer cfds must make it even harder to open cfds for retail investors i know quite a few individuals who have actually lost rather a lot of money um not on in fact but still trading cfds so i believe normally there need to probably be a little bit more it’s going to state policy but just generally a little 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 talk about is people complaining about the fees now yes whilst you might compare to certain platforms that have lower charges there are likewise loads of platforms that have much greater fees so roundabouts and swings truly it all depends upon the big picture um they have a 5 dollar withdrawal fee is that really that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly 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 take a look at it there’s a few other fees on their fee page but usually the actual investing into stocks is commission free so once you’ve topped up you can do as many deals as you desire in regards to purchasing underlying assets without paying extra fees and lastly the last con from me is the portfolio history so i discover it a little bit hard to find out sort of what i have actually invested where i need to go into each private stock just 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 actually like to see all of the financial investments if possible and also i’ve still not actually determined the dividends and how that appears so that possibly is like a little bit of a 50 50 for me not quite sure yet to see this space that’s basically it if you have an interest in providing a go i do have a recommendation link down below that you can use and you do not even have to top up you can simply use the virtual portfolio at first simply to see what you think learn the platform and then decide on whether you want to utilize it or not so i ‘d like to understand your ideas if you do try it out what you consider it and yeah that’s basically it for th.