the agreement remains in terms of our analysts saying to buy to hold to sell the stock all the rankings where it’s come from What Is Closing A Trade On Etoro…
I think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video just taking you through the pros and cons the things that i believe 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 offer it a go let’s dive directly in so the very first big pro for me is the reality that they have analyst ratings and research study i absolutely enjoy this it’s got an entire page for each of the stocks simply telling 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 provides 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 offering or buying and the expert transactions too so it just reveals you whether experts have purchased the shares um over the last couple of months or not i believe this is definitely terrific and shown in an actually easy format so for me this is a big plus for the platform a 2nd 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 lessens your foreign exchange risk so in theory you might just top up a bigger quantity when the currency is in your favor and simply hold the money waiting to invest it for a lot of the platforms you have to pay the fx fees each time that you make a deal whereas here that doesn’t occur you just pay the fx cost
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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 huge pro of the platform in my viewpoint is that it gives you gain access to not just to stocks but likewise to products and cryptocurrency obviously this isn’t really something that novices should meddle however it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and talk to individuals discuss post see what people are publishing about each individual stock practically have like discussions about it and you can really look at individuals’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the revenues they’ve made and everything it is really transparent and i think it’s actually good since you typically get like notifications saying thus many people are discussing tesla today like see all the posts
here and it’s actually cool just to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 alternatives i believe i have actually pointed out prior to 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 prior to however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s truly 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 pick from so that’s a substantial plus for me the last pro from my viewpoint is it’s simply got an actually great design dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have an actually really nice desktop version it looks really clean 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 place you understand you can click
on the chart you can click the research study you can click the news and it will just tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks really good and tidy and really has a lot of information on the primary portfolio page which i actually like now for the cons i believe there are 3 main cons in regards to in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i’ve done portfolio updates i use them myself but ones to be aware of the first one i believe 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 actually great which’s practically among the primary factors that i do use them so it’s not truly something to stress over mistakenly doing but i generally believe that a lot of the platforms that offer cfds must make it even harder to open cfds for retail financiers i know quite a few people who have actually lost rather a lot of cash um not on in fact but still trading cfds so i think generally there should probably be a bit more it’s going to say guideline however simply normally a bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the charges so this is something that turns up a lot when i talk about is people complaining about the costs now yes whilst you may compare to specific platforms that have lower costs there are also loads of platforms that have much higher fees so roundabouts and swings really it all depends on the big picture um they have a 5 dollar withdrawal charge is that actually that much possibly if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot but 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 really 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 fees on their charge page but generally the real investing into stocks is commission totally free so when you have actually topped up you can do as many deals as you want in terms of purchasing underlying possessions without paying additional costs and lastly the last con from me is the portfolio history so i find it a bit challenging to figure out sort of what i’ve invested where i need to go into each specific stock just to see when i’ve 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’ve still not truly found out the dividends and how that shows up so that potentially resembles a little bit of a 50 50 for me not quite sure yet to see this area that’s basically it if you are interested in providing a go i do have a recommendation link down below that you can use and you don’t even need to top up you can just use the virtual portfolio at first simply to see what you think discover 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 think of it and yeah that’s basically it for th.