the agreement remains in terms of our experts saying to purchase to hold to sell the stock all the ratings where it’s originated from How To Paper Trade On Etoro…
I believe 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 think are excellent about the platform and the things i believe are bad about the platform and then you can make a decision on whether or not you want to offer it a go let’s dive directly in so the very first big pro for me is the reality that they have analyst ratings and research i definitely enjoy this it’s got an entire page for each of the stocks just informing you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it provides 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 offering or buying and the expert 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 absolutely fantastic and displayed in a really easy format so for me this is a substantial plus for the platform a second big plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i think this decreases your forex danger so in theory you might simply top up a bigger amount when the currency is in your favor and just 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 occur you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this certainly works finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it offers you access not simply to stocks but likewise to products and cryptocurrency clearly this isn’t really something that novices ought to meddle however it does have that alternative for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk with individuals comment on post see what people are posting about each specific stock almost have like discussions about it and you can in fact look at individuals’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in consisting of the popular traders you can see the profits they’ve made and everything it is very transparent and i believe it’s actually good due to the fact that you typically get like notices stating thus many individuals are talking about tesla right now like see all the posts
here and it’s actually cool simply to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two options i think i’ve mentioned before you can either copy specific people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this prior to however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s actually cool and i think it’s a substantial plus of the platform since they’ve got loads of various styles of these portfolios um that you can pick from so that’s a huge plus for me the last pro from my point of view is it’s simply got an actually great design control panel and the way it’s established so unlike the other platforms that i use at the moment they have a really actually nice desktop version it looks actually clean easy to use i didn’t really have any problems 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 the research you can click on the news and it will just inform you all the news about that specific stock it’s really cool and also your portfolio simply looks really good and clean and actually has a lot of information on the main portfolio page which i truly like now for the cons i think 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 understand i have actually done portfolio updates i utilize them myself however ones to be familiar with the very first one i think it is a bit too easy to trade cfds so since the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is really great which’s practically one of the main reasons that i do utilize them so it’s not truly something to worry about accidentally doing but i generally believe that a lot of the platforms that offer cfds ought to make it even harder to open cfds for retail investors i understand several individuals who have actually lost quite a lot of cash um not on in fact but still trading cfds so i believe typically there ought to most likely be a little bit more it’s going to say guideline however simply usually a little more like a few more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that turns up a lot when i speak about is people complaining about the charges now yes whilst you may compare to particular platforms that have lower charges there are also loads of platforms that have much higher costs so swings and roundabouts actually all of it depends upon the big picture um they have a 5 dollar withdrawal charge is that really that much perhaps 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 getting 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 costs on their charge page however typically the real investing into stocks is commission free so once you’ve 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 bit hard to determine sort of what i’ve invested where i have to go into each specific stock simply to see when i have actually invested into it and just how much instead of 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 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 a 50 50 for me not quite sure yet to view this area that’s pretty much it if you have an interest in giving them a go i do have a recommendation link down listed below that you can utilize and you don’t even have to top up you can simply use the virtual portfolio initially simply to see what you think learn the platform and after that make a decision on whether you wish 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.