the consensus remains in regards to our analysts saying to purchase to hold to sell the stock all the rankings where it’s come from How Much Money To Invest In Etoro…
so i believe there’s a lot of interest about i do get a great deal of concerns asking me about the platform so i thought i would do a quick video just taking you through the advantages and disadvantages the things that i think are good about the platform and the things i think are bad about the platform and then you can make a decision on whether you wish to give it a go let’s dive straight in so the first big pro for me is the reality that they have expert rankings and research study i definitely love this it’s got a whole page for each of the stocks just telling you what experts are doing and stating about the stock so you can see here for example on johnson and johnson what it appears like it gives you the rate 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 offering or buying and the expert transactions too so it just shows you whether experts have bought the shares um over the last couple of months or not i think this is definitely terrific and displayed in an actually 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 think this reduces your foreign exchange risk so in theory you could just top up a bigger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx fees whenever that you make a transaction whereas here that does not 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 big pro of the platform in my opinion is that it offers you gain access to not simply to stocks but likewise to products and cryptocurrency clearly this isn’t actually something that novices need to dabble in but it does have that option 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 speak to people comment on post see what individuals are posting about each specific stock nearly have like conversations 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 purchasing consisting of the popular traders you can see the revenues they have actually made and whatever it is very transparent and i think it’s truly excellent because you often get like alerts saying thus many people are discussing tesla right now like see all the posts
here and it’s actually cool just to see what individuals 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 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 however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s actually cool and i believe it’s a big plus of the platform because they’ve got loads of different themes of these portfolios um that you can select from so that’s a huge plus for me the last pro from my perspective is it’s just got a truly good design control panel and the way it’s established so unlike the other platforms that i use at the moment they have an actually actually great desktop variation it looks truly clean easy to use i didn’t truly have any problems with figuring out 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 the research you can click the news and it will just inform you all the news about that particular stock it’s really cool and also your portfolio simply looks really good and tidy and actually has a great deal of data on the main portfolio page which i actually like now for the cons i believe there are three main cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i use them myself but ones to be aware of the first one i think it is a bit too simple to trade cfds so due to the fact that the cfd platform and the normal trading platform are integrated into one it makes it quite easy for individuals 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 great which’s practically one of the main reasons that i do use them so it’s not actually something to fret about mistakenly doing however i usually think 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 individuals who’ve lost quite a great deal of cash um not on actually however still trading cfds so i believe usually there must most likely be a bit more it’s going to say guideline 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 charges so this is something that turns up a lot when i talk about is people grumbling about the fees now yes whilst you may compare to particular platforms that have lower costs there are also loads of platforms that have much greater fees so swings and roundabouts really all of it depends on the big picture um they have a 5 dollar withdrawal fee is that actually that much maybe if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot however if you’re investing long term and you’re only going to be securing like a thousand pounds at a time then does it truly matter probably not so just weigh that up um when you when you look at it there’s a couple of other charges on their fee page but normally the actual investing into stocks is commission complimentary so once you have actually topped up you can do as lots of deals as you desire in regards to purchasing underlying assets without paying additional charges and lastly the last con from me is the portfolio history so i find it a bit challenging to find out sort of what i have actually invested where i have to go into each private stock just 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 investments if possible and also i’ve still not really determined the dividends and how that shows up so that possibly is like a little bit of a 50 50 for me not quite sure yet to view this area that’s practically it if you have an interest in giving them a go i do have a recommendation link down below that you can utilize and you do not even have to top up you can just utilize the virtual portfolio initially simply to see what you believe discover the platform and after that make a decision on whether you want to use it or not so i ‘d love to know your thoughts if you do try it out what you consider it and yeah that’s basically it for th.