the consensus is in terms of our analysts saying to purchase to hold to sell the stock all the ratings where it’s come from Is Etoro Free To Trade…
I believe 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 quick video just taking you through the pros and cons the things that i think are great about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you want to offer it a go let’s jump straight in so the very first huge pro for me is the reality that they have analyst rankings and research i absolutely like this it’s got an entire page for each of the stocks just informing you what experts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers 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 purchasing or offering and the expert deals also so it just reveals you whether experts have bought the shares um over the last couple of months or not i think this is definitely great and shown in an actually simple format so for me this is a huge plus for the platform a second big 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 decreases your forex threat so in theory you might just top up a bigger quantity 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 charges whenever that you make a transaction whereas here that does not occur you just pay the fx fee
What is social trading?
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 huge pro of the platform in my viewpoint is that it offers you access not simply to stocks however also to products and cryptocurrency clearly this isn’t truly something that newbies must meddle however it does have that choice for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally go in and speak to individuals discuss post see what individuals are posting about each private stock practically have like discussions about it and you can really look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are investing in including the popular traders you can see the profits they have actually made and everything it is really transparent and i believe it’s actually great due to the fact that you typically get like notices saying thus many individuals are talking about tesla today like see all the posts
here and it’s truly cool just to see what individuals are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 options i think i’ve pointed out 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 spoken about this before however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i think it’s a substantial plus of the platform since they have actually got loads of different styles of these portfolios um that you can choose from so that’s a substantial plus for me the final pro from my perspective is it’s just got an actually great layout control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a truly actually nice desktop version it looks really tidy easy to use i didn’t actually have any problems with figuring out what to do i like that for each stock you can go in and see everything in one location you understand you can click
on the chart you can click on the research you can click the news and it will just tell you all the news about that particular stock it’s really cool and likewise your portfolio simply looks clean and actually good and actually has a great deal of data on the primary 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 put me off using the platform um you know i’ve done portfolio updates i use them myself but ones to be knowledgeable about the very first one i think it is a bit too easy to trade cfds so since the cfd platform and the typical trading platform are integrated 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 just click a button and inadvertently open a cfd which is actually excellent and that’s pretty much among the main factors that i do use them so it’s not really something to fret about accidentally doing however i usually think that a lot of the platforms that offer cfds should make it even harder to open cfds for retail investors i know numerous people who’ve lost quite a lot of cash um not on really however still trading cfds so i think usually there need to probably be a little bit more it’s going to state regulation however simply 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 costs so this is something that shows up a lot when i talk about is people complaining about the fees now yes whilst you may compare to certain platforms that have lower costs there are likewise loads of platforms that have much greater costs so roundabouts and swings really all of it depends on the big picture um they have a 5 dollar withdrawal fee is that actually that much possibly if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly 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 actually matter probably not so just weigh that up um when you when you look at it there’s a few other costs on their fee page however usually the actual investing into stocks is commission complimentary so once you’ve topped up you can do as many transactions as you desire in regards to buying underlying possessions without paying extra charges and lastly the last con from me is the portfolio history so i find it a bit hard to determine sort of what i have actually invested where i have to go into each individual stock just to see when i’ve invested into it and just 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 financial investments if possible and also i have actually still not really found out 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 enjoy this space that’s practically it if you are interested in providing a go i do have a recommendation link down below that you can utilize and you do not even need to top up you can just utilize the virtual portfolio initially just to see what you think find out the platform and then 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 practically it for th.