the consensus remains in regards to our experts stating to buy to hold to offer the stock all the ratings where it’s originated from Trade 212 Vs Etoro…
so i think there’s a lot of interest about i do get a great deal of questions asking me about the platform so i believed i would do a quick video just taking you through the advantages and disadvantages the 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 you wish to give it a go let’s jump straight in so the first big pro for me is the truth that they have analyst 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 gives you the rate 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 offering or buying and the insider transactions also so it simply reveals you whether experts have bought the shares um over the last few months or not i believe this is absolutely fantastic and displayed in an actually easy format so for me this is a substantial plus for the platform a 2nd substantial plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective but i believe this lessens your foreign exchange risk so in theory you might just top up a larger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx fees every time that you make a deal whereas here that doesn’t occur you simply pay the fx cost
What is social trading?
when you top up and when you withdraw and convert back to your own currency this clearly works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it gives you access not just to stocks but likewise to commodities and cryptocurrency certainly this isn’t really something that novices need to meddle 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 element of the platform so you can literally go in and speak to people talk about post see what individuals are publishing about each specific stock nearly have like discussions about it and you can actually look at individuals’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are investing in including the popular traders you can see the revenues they have actually made and whatever it is really transparent and i believe it’s truly great due to the fact that you typically get like notifications stating like so lots of people are talking about tesla today like see all the posts
here and it’s actually cool simply 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 discussed before you can either copy individual 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 however they have a renewable resource 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 huge plus of the platform due to the fact that they’ve 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 viewpoint is it’s just got a truly nice design dashboard and the way it’s established so unlike the other platforms that i use at the moment they have a truly truly good desktop variation it looks truly clean easy to use i didn’t actually have any issues with figuring out what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click the research study you can click on the news and it will just inform you all the news about that specific stock it’s truly cool and likewise your portfolio simply looks tidy and actually nice and actually has a lot of data on the primary portfolio page which i really like now for the cons i think there are 3 main cons in terms of in my opinion clearly they’re not ones that have put me off utilizing the platform um you know i have actually done portfolio updates i utilize them myself but ones to be aware of the first one i think it is a bit too simple to trade cfds so since the cfd platform and the regular 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 accidentally open a cfd which is actually good which’s pretty much one of the primary factors that i do use them so it’s not really something to worry about accidentally doing but i normally think that a great deal of the platforms that offer cfds ought to make it even harder to open cfds for retail financiers i understand numerous people who have actually lost rather a lot of cash um not on actually but still trading cfds so i think typically there need to most likely be a bit more it’s going to state guideline however just normally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i speak about is people grumbling about the fees now yes whilst you may compare to certain platforms that have lower costs there are also loads of platforms that have much greater costs so swings and roundabouts really all of it depends upon the big picture um they have a five dollar withdrawal charge is that really that much maybe if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re just 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 look at it there’s a couple of other costs on their charge page but typically the real investing into stocks is commission free so once you’ve topped up you can do as many deals as you desire in terms of purchasing underlying assets without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit tough to find 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 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 truly figured out the dividends and how that appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to view 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 don’t even need to top up you can simply use the virtual portfolio initially just to see what you believe find out the platform and after that make a decision on whether you wish to use 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.