the agreement is in terms of our analysts stating to buy to hold to sell the stock all the ratings where it’s come from Is It Safe To Trade On Etoro…
so i believe there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a fast video simply taking you through the benefits and drawbacks the important things that i think are great about the platform and the important things i think are bad about the platform and after that you can make a decision on whether or not you want to give it a go let’s jump straight in so the very first big pro for me is the reality that they have analyst ratings and research study i absolutely like this it’s got a whole page for each of the stocks simply telling you what experts are doing and saying about the stock so you can see here for instance on johnson and johnson what it looks like it provides 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 selling and the expert transactions too so it simply reveals you whether experts have actually bought the shares um over the last couple of months or not i think this is absolutely excellent and shown in a really easy format so for me this is a substantial plus for the platform a 2nd huge plus for me is the reality 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 larger amount when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you have to pay the fx fees every time that you make a transaction whereas here that does not happen you just 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 best if you invest a lot into u.s stocks the 3rd big pro of the platform in my viewpoint is that it offers you access not just to stocks however also to commodities and cryptocurrency obviously this isn’t actually something that beginners need to dabble in but it does have that option for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and speak with individuals comment on post see what people are posting about each specific stock nearly have like conversations about it and you can in fact take a look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying consisting of the popular traders you can see the profits they’ve made and whatever it is extremely transparent and i believe it’s really good because you typically get like notices saying like so many people are speaking about tesla right now like see all the posts
here and it’s really cool just to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have two options i think i have actually pointed out 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 however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my viewpoint um it’s really cool and i think it’s a big plus of the platform since they have actually got loads of various styles of these portfolios um that you can choose from so that’s a big plus for me the final pro from my viewpoint is it’s just got a truly nice layout dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have a really really nice desktop version it looks truly tidy easy to use i didn’t really have any concerns with figuring out what to do i like that for each stock you can go in and see everything in one place you understand you can click
on the chart you can click on the research study you can click the news and it will just tell you all the news about that particular stock it’s really cool and also your portfolio simply looks clean and truly great and actually has a great deal of data on the main portfolio page which i really like now for the cons i believe there are 3 primary cons in terms of in my opinion clearly they’re not ones that have actually put me off utilizing the platform um you know i’ve done portfolio updates i use them myself but ones to be aware of the first one i believe it is a little bit too easy 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 easy for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and inadvertently open a cfd which is truly excellent which’s practically one of the main factors that i do use them so it’s not truly something to fret about inadvertently doing however i generally believe that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know quite a few people who have actually lost quite a great deal of money um not on really however still trading cfds so i believe generally there must probably be a little bit more it’s going to say policy but just typically a bit more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that comes up a lot when i speak about is people complaining about the fees now yes whilst you may compare to specific platforms that have lower charges there are also loads of platforms that have much higher charges so swings and roundabouts really everything depends upon the big picture um they have a 5 dollar withdrawal cost is that really that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot but if you’re investing long term and you’re only going to be getting like a thousand pounds at a time then does it really matter most likely not so simply weigh that up um when you when you look at it there’s a few other costs on their charge page however typically the actual investing into stocks is commission free so once you’ve topped up you can do as numerous transactions as you desire in terms of buying underlying assets without paying additional costs and lastly the last con from me is the portfolio history so i find it a little bit hard to determine sort of what i’ve invested where i need to go into each specific stock simply 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 investments if possible and likewise i have actually still not actually found 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 recommendation link down listed below that you can utilize and you do not even have to top up you can simply utilize the virtual portfolio at first just to see what you think discover the platform and then make a decision on whether you want to use it or not so i ‘d like to know your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.