the agreement remains in terms of our analysts saying to purchase to hold to offer the stock all the ratings where it’s originated from Trading 212 Vs Etoro Vs Freetrade…
I think there’s a lot of interest about i do get a lot of questions 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 great about the platform and the things i believe are bad about the platform and then you can make a decision on whether or not you want to offer it a go let’s dive directly in so the very first huge pro for me is the truth that they have analyst rankings and research i definitely like this it’s got an entire page for each of the stocks simply telling you what analysts are doing and stating 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 buying or offering and the insider deals too so it just shows you whether insiders have actually purchased the shares um over the last couple of months or not i believe this is absolutely fantastic and displayed in an actually easy format so for me this is a huge plus for the platform a 2nd substantial plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i believe this decreases your foreign exchange threat so in theory you could simply top up a bigger amount 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 whenever that you make a deal whereas here that doesn’t happen 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 undoubtedly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it provides you gain access to not simply to stocks however likewise to products and cryptocurrency obviously this isn’t really something that newbies need to dabble in however it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally go in and talk to individuals talk about post see what individuals are posting about each individual stock nearly have like conversations about it and you can actually look at people’s portfolios so you can go into anyone’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 everything it is very transparent and i think it’s truly good because you frequently get like notices stating thus lots of people are speaking about tesla today like see all the posts
here and it’s truly cool simply to see what people are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have 2 options i believe i’ve discussed before you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this prior to but they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s truly cool and i believe it’s a substantial plus of the platform since they’ve got loads of various styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my perspective is it’s simply got an actually nice layout control panel and the method it’s set up so unlike the other platforms that i usage at the moment they have a truly really good desktop variation it looks really clean easy to use i didn’t actually have any problems with determining what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research you can click the news and it will just tell you all the news about that specific stock it’s really cool and likewise your portfolio just looks tidy and truly good and actually has a lot of information on the primary portfolio page which i actually 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 using the platform um you understand i’ve done portfolio updates i utilize them myself but ones to be aware of the first one i think it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it rather easy for individuals 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 really great which’s basically one of the main reasons that i do utilize them so it’s not truly something to stress over accidentally doing but i usually believe that a lot of the platforms that use cfds need to make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost rather a great deal of cash um not on actually however still trading cfds so i think usually there should most likely be a bit more it’s going to state regulation but just generally a little more like a couple of more
hoops to jump 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 grumbling about the fees now yes whilst you might compare to specific platforms that have lower charges there are also loads of platforms that have much greater charges so swings and roundabouts really it all depends on the big picture um they have a 5 dollar withdrawal fee is that actually that much perhaps 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 securing 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 charges on their charge page but generally the real investing into stocks is commission free so when you’ve topped up you can do as lots of transactions as you want in terms of purchasing underlying properties without paying extra fees and finally the last con from me is the portfolio history so i find it a little bit difficult to determine 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 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 also i have actually still not actually determined the dividends and how that appears so that possibly is like a bit of a 50 50 for me not quite sure yet to watch this space that’s practically it if you have an interest in giving them a go i do have a recommendation link down below that you can use and you do not even need to top up you can just use the virtual portfolio at first just to see what you believe learn the platform and after that decide on whether you wish to use it or not so i ‘d like to understand your ideas if you do try it out what you think about it and yeah that’s pretty much it for th.