the agreement is in regards to our analysts stating to buy to hold to sell the stock all the scores where it’s originated from How To Open An Etoro Account…
I think there’s a lot of curiosity about i do get a lot of concerns 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 believe 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 big pro for me is the truth that they have analyst scores and research i absolutely like this it’s got an entire page for each of the stocks just informing you what experts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it gives you the rate 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 buying and the expert transactions as well so it just shows you whether experts have purchased the shares um over the last few months or not i believe this is definitely fantastic and shown in a really simple format so for me this is a huge 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 think this lessens your foreign exchange risk so in theory you could just top up a bigger 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 costs every time that you make a deal whereas here that doesn’t occur you simply pay the fx charge
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when you top up and when you withdraw and convert back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the 3rd big pro of the platform in my viewpoint is that it provides you access not simply to stocks but also to commodities and cryptocurrency clearly this isn’t actually something that beginners need to meddle but it does have that option for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and talk with individuals comment on post see what individuals are publishing about each private stock almost have like conversations about it and you can actually take a look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they’ve made and everything it is really transparent and i think it’s actually great since you frequently get like alerts saying like so many individuals 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 viewpoint the copy portfolios so they have two choices i believe i have actually 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’ve talked about this before but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s truly cool and i think it’s a huge plus of the platform because they have actually got loads of various themes of these portfolios um that you can choose 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 a truly really great desktop version it looks really clean 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 know you can click
on the chart you can click the research you can click on the news and it will simply inform you all the news about that particular stock it’s really cool and also your portfolio just looks clean and really nice and really has a lot of data on the primary portfolio page which i truly like now for the cons i believe there are 3 primary cons in regards to in my viewpoint plainly they’re not ones that have put me off using the platform um you understand i’ve done portfolio updates i use them myself however ones to be aware of the very first one i think it is a little bit too simple to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it rather simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and inadvertently open a cfd which is really excellent which’s basically one of the primary reasons that i do use them so it’s not truly something to stress over mistakenly doing but i normally think that a lot of the platforms that use cfds need to make it even harder to open cfds for retail investors i understand numerous individuals who have actually lost rather a great deal of money um not on really however still trading cfds so i think generally there must probably be a little bit more it’s going to say policy but just normally 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 charges so this is something that comes up a lot when i speak about is people grumbling about the fees now yes whilst you might compare to certain platforms that have lower fees there are likewise loads of platforms that have much higher fees so roundabouts and swings actually all of it depends on the big picture um they have a 5 dollar withdrawal fee is that actually that much perhaps if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot however 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 most likely not so just weigh that up um when you when you take a look at it there’s a few other costs on their charge page but generally the actual investing into stocks is commission free so as soon as you have actually topped up you can do as many deals as you desire in regards to purchasing underlying properties without paying extra costs and lastly the last con from me is the portfolio history so i find it a little bit hard to find out sort of what i’ve invested where i have to go into each specific stock simply 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 figured out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to enjoy this space that’s practically it if you are interested in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can simply use the virtual portfolio initially simply to see what you believe discover the platform and then decide on whether you wish to utilize it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think of it and yeah that’s basically it for th.