the agreement is in regards to our experts saying to purchase to hold to sell the stock all the rankings where it’s originated from How To Set Up An Etoro Account…
so i think there’s a lot of interest about i do get a lot of questions asking me about the platform so i thought i would do a quick video simply taking you through the benefits and drawbacks 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 you wish to give it a go let’s jump straight in so the very first huge pro for me is the fact that they have expert scores and research study i definitely enjoy this it’s got an entire page for each of the stocks just informing you what analysts are saying and doing about the stock so you can see here for instance on johnson and johnson what it looks like it offers you the cost 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 buying or offering and the insider transactions also so it just shows you whether experts have purchased the shares um over the last couple of months or not i think this is definitely excellent and displayed in a truly simple 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 but i think this reduces your forex risk so in theory you could just top up a larger quantity when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx fees every time that you make a deal 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 clearly works best if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it gives you gain access to not simply to stocks but likewise to commodities and cryptocurrency clearly this isn’t truly something that beginners must meddle but it does have that option 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 speak to people discuss post see what individuals are publishing about each individual stock practically have like discussions about it and you can really look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the revenues they have actually made and whatever it is extremely transparent and i think it’s truly good because you frequently get like alerts stating thus many individuals are talking about tesla today like see all the posts
here and it’s actually cool just to see what people are believing the next pro of the platform is in my viewpoint 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’ve talked about this prior to but they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s actually cool and i think 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 substantial plus for me the last pro from my perspective is it’s simply got a truly good design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have a truly really nice desktop version it looks truly clean easy to use i didn’t truly have any concerns with figuring out what to do i like that for each stock you can go in and see whatever in one location you understand you can click
on the chart you can click the research study 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 simply looks tidy and actually nice and actually has a great deal of information on the primary portfolio page which i really like now for the cons i think there are 3 primary cons in terms of in my viewpoint clearly they’re not ones that have actually put me off utilizing the platform um you know 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 because the cfd platform and the typical trading platform are integrated into one it makes it rather easy for people to trade cfds now they do put
cautions in place and it’s not like you can just click a button and inadvertently open a cfd which is really good and that’s basically one of the primary reasons that i do use them so it’s not really something to worry about mistakenly doing however i normally believe that a lot of the platforms that offer cfds must make it even harder to open cfds for retail financiers i know quite a few individuals who’ve lost quite a lot of cash um not on really but still trading cfds so i think typically there ought to most likely be a little bit more it’s going to state guideline but just normally a bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that turns up a lot when i talk about is people complaining about the fees now yes whilst you might compare to particular platforms that have lower charges there are also loads of platforms that have much higher costs so roundabouts and swings actually all of it depends on the big picture um they have a 5 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 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 simply weigh that up um when you when you take a look at it there’s a few other costs on their cost page however usually the actual investing into stocks is commission totally free so as soon as you have actually topped up you can do as lots of deals as you desire in regards to buying underlying assets without paying extra charges and finally the last con from me is the portfolio history so i discover it a little bit tough to find out sort of what i’ve invested where i need to go into each individual stock just to see when i’ve 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 likewise i’ve still not truly found out the dividends and how that shows up so that potentially resembles a bit of a 50 50 for me not quite sure yet to view this space that’s pretty much it if you have an interest in providing a go i do have a referral link down below that you can utilize and you don’t even need to top up you can just use the virtual portfolio at first simply to see what you believe find out the platform and after that decide on whether you want to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you consider it and yeah that’s practically it for th.