the agreement is in regards to our experts stating to purchase to hold to sell the stock all the ratings where it’s come from Sofi Vs Etoro…
so i believe there’s a lot of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a quick video simply taking you through the advantages and disadvantages 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 decision on whether you wish to give it a go let’s dive straight in so the very first big pro for me is the truth that they have expert ratings and research i absolutely love this it’s got a whole page for each of the stocks simply informing you what experts are saying and doing 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 purchasing or selling and the expert deals as well so it simply reveals you whether insiders have actually bought the shares um over the last few months or not i believe this is absolutely terrific and shown in an actually simple format so for me this is a big plus for the platform a 2nd big 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 reduces your forex risk so in theory you could just top up a larger amount when the currency is in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs each time 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 clearly works finest 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 likewise to commodities and cryptocurrency clearly this isn’t truly something that beginners need to meddle however it does have that option for those of you who are interested in products and cryptocurrency the next pro in my opinion 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 specific stock nearly have like conversations about it and you can in fact look at individuals’s portfolios so you can go into anybody’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the earnings they have actually made and everything it is very transparent and i think it’s actually excellent since you typically get like alerts saying thus many people are talking about tesla right now like see all the posts
here and it’s truly cool simply to see what individuals are believing the next pro of the platform is in my viewpoint the copy portfolios so they have 2 choices i think i’ve discussed before you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve discussed this prior to however they have a renewable energy portfolio which just 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 substantial plus of the platform since they have actually got loads of various styles of these portfolios um that you can select from so that’s a huge plus for me the last pro from my point of view is it’s just got an actually good layout dashboard and the way it’s established so unlike the other platforms that i usage at the moment they have a truly actually great desktop version it looks really tidy easy to use i didn’t really have any concerns with determining 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 study you can click the news and it will just tell you all the news about that specific stock it’s really cool and also your portfolio just looks clean and actually good and actually has a great deal of information on the primary portfolio page which i actually like now for the cons i believe there are 3 main cons in terms of in my opinion plainly they’re not ones that have actually put me off using the platform um you understand i have actually done portfolio updates i utilize them myself however ones to be familiar with the very first one i believe it is a little bit too easy to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it quite simple for people 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 truly excellent and that’s basically one of the primary reasons that i do utilize them so it’s not actually something to worry about accidentally doing but i typically believe that a lot of the platforms that provide cfds ought to make it even harder to open cfds for retail financiers i understand several individuals who’ve lost quite a lot of money um not on in fact but still trading cfds so i believe normally there ought to most likely be a little bit more it’s going to state policy but just normally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that shows up a lot when i speak about is people grumbling about the fees now yes whilst you may compare to particular platforms that have lower costs there are likewise loads of platforms that have much higher costs so roundabouts and swings really all of it depends on the big picture um they have a 5 dollar withdrawal cost is that really that much perhaps 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 securing like a thousand pounds at a time then does it truly matter most likely not so simply weigh that up um when you when you take a look at it there’s a couple of other costs on their cost page however generally the actual investing into stocks is commission complimentary so once you’ve topped up you can do as lots of transactions as you want in terms of purchasing underlying assets 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’ve invested where i need to go into each specific 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 actually like to see all of the financial investments if possible and also i’ve still not actually determined the dividends and how that appears so that possibly is like a little bit of a 50 50 for me not quite sure yet to watch this space that’s pretty much it if you are interested in giving them a go i do have a recommendation link down listed below that you can use 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 decide on whether you want to use it or not so i ‘d love to know your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.