the agreement is in regards to our analysts saying to buy to hold to offer the stock all the rankings where it’s originated from What Is Copy Trading 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 just taking you through the pros and cons the things that i think 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 give it a go let’s dive straight in so the very first big pro for me is the reality that they have analyst ratings and research i definitely like this it’s got a whole page for each of the stocks just informing you what analysts are doing and saying 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 selling and the expert transactions also so it simply shows you whether experts have actually bought the shares um over the last few months or not i believe this is absolutely great and shown in a truly easy format so for me this is a huge plus for the platform a 2nd huge plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but i believe this reduces your forex threat so in theory you could simply top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx charges every time that you make a deal whereas here that doesn’t happen you just pay the fx cost
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when you top up and when you withdraw and transform back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it offers you gain access to not simply to stocks but also to commodities and cryptocurrency clearly this isn’t truly something that beginners need to dabble in but it does have that alternative for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually enter and speak to individuals discuss post see what individuals are posting about each private stock nearly have like conversations about it and you can actually look at individuals’s portfolios so you can go into anyone’s profile click their portfolio and see what they are buying including the popular traders you can see the profits they have actually made and everything it is very transparent and i think it’s actually good because you typically get like notifications saying like so many people are speaking about tesla today like see all the posts
here and it’s actually cool simply to see what individuals are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 options i think i have actually pointed out prior to 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’ve talked about this prior to but they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s kind of like an etf in my viewpoint um it’s actually cool and i believe it’s a big plus of the platform due to the fact that they’ve got loads of different themes of these portfolios um that you can choose from so that’s a big plus for me the final pro from my point of view is it’s just got a really good design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have a truly actually nice desktop version it looks really tidy easy to use i didn’t really have any problems with figuring out what to do i like that for each stock you can enter and see whatever in one location you understand you can click
on the chart you can click on the research you can click on the news and it will simply tell you all the news about that particular stock it’s actually cool and also your portfolio just looks clean and truly good and actually has a lot of information on the primary portfolio page which i really like now for the cons i believe there are 3 main cons in regards to in my opinion clearly they’re not ones that have actually put me off utilizing the platform um you know i’ve done portfolio updates i use them myself however ones to be knowledgeable about the very first one i think 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 integrated into one it makes it rather easy for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and accidentally open a cfd which is really good which’s pretty much among the main factors that i do use them so it’s not actually something to stress over inadvertently doing but i generally think that a great deal of the platforms that use cfds should make it even harder to open cfds for retail investors i understand numerous people who’ve lost rather a great deal of cash um not on in fact but still trading cfds so i think generally there must probably be a bit more it’s going to state regulation but just usually a little more like a couple of more
hoops to leap 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 individuals complaining about the charges now yes whilst you might compare to specific platforms that have lower charges there are also loads of platforms that have much higher charges so swings and roundabouts really everything depends upon the big picture um they have a 5 dollar withdrawal fee is that really that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly 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 really matter probably not so simply weigh that up um when you when you take a look at it there’s a few other costs on their charge page but generally the real investing into stocks is commission free so once you’ve topped up you can do as many deals as you want in terms of purchasing underlying assets without paying extra fees and lastly the last con from me is the portfolio history so i find it a little bit tough to determine sort of what i have actually invested where i have to go into each private stock simply 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 investments if possible and also i’ve still not actually found out the dividends and how that appears so that possibly is like a bit of a 50 50 for me not quite sure yet to see this space that’s basically it if you have an interest in giving them a go i do have a referral link down listed below that you can utilize and you don’t even need to top up you can just utilize the virtual portfolio at first just to see what you believe learn the platform and after that make a decision on whether you wish to utilize it or not so i ‘d enjoy to know your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.