the agreement is in terms of our experts saying to buy to hold to sell the stock all the ratings where it’s originated from What Is A Open Trade Etoro…
I believe 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 believe are good 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 provide it a go let’s jump directly in so the very first huge pro for me is the truth that they have analyst scores and research i absolutely enjoy this it’s got a whole 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 offers you the price targets that they believe 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 offering and the insider transactions also so it just reveals you whether experts have actually bought the shares um over the last few months or not i think this is absolutely excellent and shown in a truly simple format so for me this is a big plus for the platform a second substantial plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective however i believe this reduces your forex threat so in theory you might simply 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 have to pay the fx charges whenever that you make a transaction whereas here that does not occur you simply pay the fx fee
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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 opinion is that it gives you access not simply to stocks however likewise to products and cryptocurrency obviously this isn’t truly something that beginners ought to meddle however 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 talk with people comment on post see what individuals are publishing about each specific stock almost have like conversations about it and you can in fact look at individuals’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are buying consisting of the popular traders you can see the earnings they’ve made and everything it is really transparent and i think it’s truly great because you often get like notices saying like so lots of people are talking about tesla today like see all the posts
here and it’s really cool just to see what people are believing the next pro of the platform is in my viewpoint the copy portfolios so they have 2 options i think i’ve discussed before you can either copy specific people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually spoken about this before but they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my viewpoint um it’s actually cool and i believe it’s a substantial plus of the platform because they have actually got loads of various styles 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 simply got an actually good design control panel and the method it’s established so unlike the other platforms that i usage at the moment they have an actually truly great desktop version it looks actually tidy easy to use i didn’t really have any problems with finding out what to do i like that for each stock you can enter and see whatever 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 just looks clean and actually good and really has a great deal of data on the main portfolio page which i actually like now for the cons i believe there are 3 primary cons in terms of in my viewpoint plainly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i utilize them myself however ones to be aware of the first one i believe it is a little bit too easy to trade cfds so due to the fact that 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 unintentionally open a cfd which is truly excellent which’s practically one of the primary factors that i do utilize them so it’s not really something to worry about accidentally doing however i normally think that a great deal of the platforms that use cfds must make it even harder to open cfds for retail investors i know numerous people who have actually lost quite a great deal of money um not on actually but still trading cfds so i think typically there ought to most likely be a bit more it’s going to state policy but just generally a bit more like a few more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i talk about is people complaining about the charges now yes whilst you might compare to specific platforms that have lower fees there are also loads of platforms that have much higher fees so swings and roundabouts actually it all depends on the big picture um they have a 5 dollar withdrawal cost is that truly that much perhaps if you’re constantly withdrawing l.
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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 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 charge page but usually the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as many deals as you want in regards to purchasing underlying possessions without paying additional costs and finally the last con from me is the portfolio history so i discover it a little bit hard to find out 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 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 actually like to see all of the investments if possible and likewise i have actually still not truly determined 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 view this area that’s pretty much it if you have an interest in giving them a go i do have a referral link down listed below that you can use and you do not even have to top up you can just utilize the virtual portfolio at first just to see what you believe find out the platform and after that decide on whether you wish to utilize it or not so i ‘d like to know your thoughts if you do try it out what you think about it and yeah that’s basically it for th.