the agreement is in regards to our analysts saying to purchase to hold to sell the stock all the rankings where it’s come from Is Your Money Safe With Etoro…
so i believe there’s a lot of interest about i do get a great deal of concerns asking me about the platform so i thought i would do a quick video simply taking you through the advantages and disadvantages the important things that i believe are good about the platform and the important things i believe are bad about the platform and then you can decide on whether or not you want to give it a go let’s dive directly in so the first big pro for me is the truth that they have expert ratings and research study i definitely love this it’s got a whole 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 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 selling or buying and the expert transactions also so it just reveals you whether insiders 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 big plus for the platform a 2nd huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i believe this lessens your foreign exchange threat so in theory you might just top up a bigger quantity when the currency remains in your favor and just hold the money waiting to invest it for a great deal of the platforms you have to pay the fx fees each time that you make a deal whereas here that does not happen you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and transform 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 offers you gain access to not just to stocks but also to commodities and cryptocurrency certainly this isn’t truly something that novices should meddle but it does have that choice for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally go in and speak to individuals talk about post see what people are posting about each individual stock nearly have like conversations about it and you can actually look at individuals’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the earnings they’ve made and whatever it is very transparent and i believe it’s really good since you typically get like notifications saying like so many individuals are speaking about tesla today like see all the posts
here and it’s really cool simply to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 choices i think i’ve pointed out before you can either copy private people 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 energy portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s truly cool and i think it’s a huge plus of the platform due to the fact that they’ve got loads of different themes of these portfolios um that you can choose from so that’s a substantial plus for me the final pro from my viewpoint is it’s just got a really good design dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have a truly actually nice desktop version it looks really clean easy to use i didn’t really have any issues with finding 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 on the research you can click the news and it will just tell you all the news about that specific stock it’s truly cool and likewise your portfolio simply looks tidy and actually good and really 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 put me off using the platform um you understand i’ve done portfolio updates i utilize them myself however ones to be aware of the first one i think it is a little bit too simple to trade cfds so because the cfd platform and the typical 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 simply click a button and mistakenly open a cfd which is actually excellent which’s basically among the main factors that i do utilize them so it’s not really something to stress over accidentally doing however i typically believe that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail investors i know numerous individuals who’ve lost rather a lot of cash um not on actually however still trading cfds so i believe normally there ought to most likely be a bit more it’s going to say guideline but just generally a little more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that shows 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 fees there are also loads of platforms that have much higher costs so roundabouts and swings actually everything depends upon the big picture um they have a five dollar withdrawal cost is that actually that much possibly if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes perhaps 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 actually matter most likely not so simply weigh that up um when you when you take a look at it there’s a few other charges on their cost page however usually the actual investing into stocks is commission complimentary so when you’ve topped up you can do as many deals as you want in regards to buying underlying assets without paying additional fees and finally the last con from me is the portfolio history so i find it a bit challenging to figure out sort of what i have actually invested where i need to go into each private stock just to see when i have actually invested into it and 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 really like to see all of the financial investments if possible and also i’ve still not truly figured out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to enjoy this area that’s basically 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 simply utilize the virtual portfolio initially simply to see what you think discover the platform and then decide on whether you want to utilize 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.