the consensus is in regards to our analysts saying to buy to hold to sell the stock all the rankings where it’s originated from Is My Money Safe On Etoro…
I believe there’s a lot of interest about i do get a lot of concerns asking me about the platform so i thought i would do a quick 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 choice on whether or not you desire to give it a go let’s jump directly in so the first big pro for me is the truth that they have analyst scores and research i definitely love this it’s got a whole page for each of the stocks simply telling 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 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 offering or purchasing and the expert transactions as well so it simply shows you whether experts have purchased the shares um over the last few months or not i believe this is absolutely great and displayed in a really simple format so for me this is a big plus for the platform a second huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i believe this decreases your forex risk so in theory you might simply top up a bigger amount when the currency is in your favor and simply hold the money waiting to invest it for a lot of the platforms you need to pay the fx costs every time that you make a transaction whereas here that does not occur 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 obviously works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my viewpoint is that it gives you access not just to stocks but likewise to commodities and cryptocurrency undoubtedly this isn’t truly something that beginners need to dabble in but it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk to people talk about post see what people are posting about each individual stock almost have like discussions about it and you can really take a look at individuals’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the profits they’ve made and everything it is very transparent and i think it’s really excellent since you typically get like notices stating thus lots of people are discussing tesla today like see all the posts
here and it’s actually cool just to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 alternatives i think i have actually mentioned before you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this before however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s really cool and i believe it’s a big plus of the platform due to the fact that they have actually got loads of different themes of these portfolios um that you can select from so that’s a substantial plus for me the final pro from my viewpoint is it’s just got a really good layout control panel and the way it’s established so unlike the other platforms that i use at the moment they have an actually really great desktop variation it looks actually tidy easy to use i didn’t actually have any issues with finding out what to do i like that for each stock you can go in and see whatever 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 simply inform you all the news about that specific stock it’s actually cool and also your portfolio just looks clean and truly good and really has a great deal of information on the primary portfolio page which i truly like now for the cons i believe there are 3 main cons in regards to in my viewpoint plainly they’re not ones that have 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 bit too easy to trade cfds so because the cfd platform and the typical trading platform are integrated into one it makes it quite simple 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 really good which’s pretty much among the primary reasons that i do use them so it’s not truly something to fret about unintentionally doing but i normally think that a lot of the platforms that offer cfds ought to make it even harder to open cfds for retail financiers i understand several people who’ve lost rather a great deal of money um not on in fact however still trading cfds so i think normally there need to probably be a bit more it’s going to say policy but simply generally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i discuss is individuals grumbling about the charges now yes whilst you might compare to particular platforms that have lower charges there are likewise loads of platforms that have much higher charges so swings and roundabouts actually it all depends on the big picture um they have a five dollar withdrawal charge is that truly that much perhaps if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot but 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 really matter most likely not so simply weigh that up um when you when you look at it there’s a few other fees on their cost page however typically the real investing into stocks is commission totally free so as soon as you have actually topped up you can do as numerous transactions as you want in terms of purchasing underlying properties without paying extra costs and finally 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 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 also i have actually 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 watch this space that’s practically it if you are interested in providing a go i do have a recommendation link down listed below that you can use and you don’t even need to top up you can just utilize the virtual portfolio initially just to see what you think find out the platform and after that make a decision on whether you want to use it or not so i ‘d love to understand your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.