the consensus remains in terms of our analysts saying to purchase to hold to sell the stock all the rankings where it’s originated from Revolut Vs Etoro Crypto…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a quick video simply taking you through the pros and cons the things that i think are excellent about the platform and the things i believe are bad about the platform and then you can make a choice on whether or not you want to provide it a go let’s jump straight in so the first big pro for me is the fact that they have expert rankings and research study i definitely love this it’s got an entire page for each of the stocks simply informing you what analysts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it gives you the price 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 purchasing and the insider deals too so it simply reveals you whether experts have purchased the shares um over the last few months or not i think this is absolutely great and displayed in a really simple format so for me this is a huge plus for the platform a second substantial plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i believe this reduces your forex danger so in theory you might just top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs whenever that you make a deal whereas here that does not occur 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 certainly works finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it provides you gain access to not simply to stocks however also to commodities and cryptocurrency undoubtedly this isn’t really something that newbies must dabble in however it does have that choice 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 talk about post see what people are posting about each individual stock almost have like conversations about it and you can actually take a look at people’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are buying including the popular traders you can see the profits they’ve made and everything it is extremely transparent and i think it’s actually good since you frequently get like alerts stating thus lots of people are speaking about tesla right now like see all the posts
here and it’s truly cool just to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 alternatives i believe i’ve mentioned 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’ve spoken about this before but they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i think it’s a big plus of the platform due to the fact that they’ve got loads of different themes of these portfolios um that you can select from so that’s a huge plus for me the final pro from my point of view is it’s simply got an actually great layout control panel and the method it’s established so unlike the other platforms that i usage at the moment they have a truly truly good desktop variation it looks truly tidy easy to use i didn’t really have any problems with determining what to do i like that for each stock you can enter and see everything in one place you know 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 particular stock it’s really cool and likewise your portfolio simply looks tidy and truly good and really has a great deal of data on the main portfolio page which i really like now for the cons i believe there are three primary cons in regards to in my viewpoint clearly they’re not ones that have put me off utilizing the platform um you understand i have actually done portfolio updates i use them myself but ones to be aware of the first one i think it is a little bit too simple to trade cfds so since the cfd platform and the regular trading platform are incorporated into one it makes it rather simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is truly excellent and that’s pretty much one of the main reasons that i do use them so it’s not really something to worry about inadvertently doing however i typically believe that a lot of the platforms that provide cfds should make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost rather a lot of cash um not on in fact but still trading cfds so i think generally there must most likely be a little bit more it’s going to say regulation but just typically a little 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 shows 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 costs there are likewise loads of platforms that have much greater fees so roundabouts and swings actually it all depends upon the big picture um they have a 5 dollar withdrawal fee is that truly that much maybe if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes maybe 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 actually matter probably not so simply weigh that up um when you when you look at it there’s a few other costs on their fee page but typically the real investing into stocks is commission totally free so as soon as you have actually topped up you can do as lots of transactions as you want in terms of purchasing underlying possessions without paying extra charges and finally the last con from me is the portfolio history so i find it a bit challenging to find out sort of what i’ve invested where i have to go into each private stock just to see when i have actually 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 investments if possible and likewise i have actually still not actually determined the dividends and how that appears so that possibly resembles 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 referral link down listed below that you can utilize and you do not even need to top up you can simply use the virtual portfolio initially simply to see what you believe discover the platform and then decide on whether you wish to use it or not so i ‘d like to know your thoughts if you do try it out what you think of it and yeah that’s pretty much it for th.