the agreement remains in terms of our analysts stating to purchase to hold to offer the stock all the ratings where it’s originated from How Much Money To Start Etoro…
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 fast video just taking you through the pros and cons 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 or not you want to provide it a go let’s dive straight in so the very first huge pro for me is the truth that they have expert rankings and research study i definitely love this it’s got an entire page for each of the stocks simply telling you what analysts are doing and saying 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 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 selling or buying and the insider transactions as well so it simply reveals you whether experts have actually bought the shares um over the last couple of months or not i believe this is definitely terrific and shown in a really easy format so for me this is a big plus for the platform a 2nd big plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective but i believe this minimizes your foreign exchange threat so in theory you could simply top up a bigger amount when the currency is in your favor and simply hold the cash waiting to invest it for a lot of the platforms you have to pay the fx fees whenever that you make a transaction whereas here that doesn’t happen you simply 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 best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it gives you access not simply to stocks however likewise to products and cryptocurrency obviously this isn’t really something that newbies ought to dabble in however it does have that choice 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 literally go in and talk to people talk about post see what people are posting about each specific stock almost have like discussions about it and you can in fact take a look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the profits they’ve made and whatever it is extremely transparent and i believe it’s actually great because you typically get like alerts saying like so many people are speaking about tesla right now like see all the posts
here and it’s really cool simply to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 alternatives i believe i’ve mentioned prior to you can either copy specific 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 kind of like an etf in my viewpoint um it’s truly cool and i believe it’s a big plus of the platform since they’ve got loads of various 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 simply got a really good layout dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a truly really great desktop variation it looks really tidy easy to use i didn’t truly have any issues with determining what to do i like that for each stock you can enter and see everything in one place you know you can click
on the chart you can click the research study you can click on the news and it will simply tell you all the news about that particular stock it’s really cool and likewise your portfolio simply looks clean and actually good and really has a great deal of data on the main portfolio page which i actually like now for the cons i think there are 3 primary cons in regards to in my opinion plainly they’re not ones that have put me off utilizing the platform um you understand i have actually done portfolio updates i use them myself however ones to be aware of the very first one i think it is a bit too easy to trade cfds so due to the fact that the cfd platform and the typical 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 simply click a button and mistakenly open a cfd which is actually excellent and that’s basically among the primary reasons that i do use them so it’s not actually something to stress over inadvertently doing however i normally believe that a great deal of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand quite a few people who have actually lost quite a great deal of cash um not on actually however still trading cfds so i think typically there need to probably be a bit more it’s going to state regulation but simply usually a little bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i discuss is people complaining about the charges now yes whilst you might compare to specific platforms that have lower costs there are also loads of platforms that have much higher fees so roundabouts and swings actually it all depends upon the big picture um they have a five dollar withdrawal fee is that truly that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot but if you’re investing long term and you’re just going to be taking out like a thousand pounds at a time then does it truly matter probably not so simply weigh that up um when you when you look at it there’s a few other fees on their charge page but typically the actual investing into stocks is commission free so once you have actually topped up you can do as lots of deals as you want in terms of buying underlying assets without paying extra charges and lastly the last con from me is the portfolio history so i discover it a little bit difficult to figure out sort of what i’ve invested where i have to go into each specific 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 truly like to see all of the investments if possible and also i’ve still not actually determined the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to watch this area that’s basically 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 don’t even have to top up you can simply utilize the virtual portfolio at first simply to see what you believe learn the platform and after that decide on whether you want to use it or not so i ‘d enjoy to know your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.