the agreement is in terms of our analysts saying to purchase to hold to sell the stock all the rankings where it’s come from What Is Order And Trade On Etoro…
so i believe there’s a lot of interest about i do get a great deal of questions asking me about the platform so i thought i would do a fast video just taking you through the benefits and drawbacks the important things that i believe are excellent about the platform and the important things i believe are bad about the platform and after that you can make a decision on whether or not you wish to give it a go let’s jump straight in so the first big pro for me is the fact that they have analyst rankings and research i absolutely like this it’s got a whole page for each of the stocks just informing you what experts are doing and saying about the stock so you can see here for instance on johnson and johnson what it looks like it provides you the rate 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 buying or selling and the expert transactions as well so it simply reveals you whether experts have actually bought the shares um over the last few months or not i think this is definitely excellent and shown in a really easy format so for me this is a huge plus for the platform a second big plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective however i think this decreases your forex risk so in theory you could just top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs whenever that you make a transaction whereas here that does not happen you simply pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this certainly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it offers you access not simply to stocks but also to products and cryptocurrency undoubtedly this isn’t actually something that newbies need to dabble in however it does have that alternative for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and speak to people comment on post see what individuals are posting about each individual stock almost have like discussions about it and you can in fact 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 earnings they have actually made and whatever it is very transparent and i think it’s really good since you typically get like alerts stating like so many individuals are discussing tesla right now like see all the posts
here and it’s truly cool just to see what individuals are believing the next pro of the platform is in my viewpoint the copy portfolios so they have two choices i think i’ve mentioned before 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 discussed this prior to however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s really cool and i believe it’s a substantial plus of the platform because they’ve got loads of different styles of these portfolios um that you can select from so that’s a huge plus for me the last pro from my perspective is it’s just got an actually good layout control panel and the way it’s established so unlike the other platforms that i usage at the moment they have a really truly good desktop variation it looks truly tidy easy to use i didn’t actually have any issues with figuring out what to do i like that for each stock you can go in and see everything in one location you understand you can click
on the chart you can click the research you can click on the news and it will just inform you all the news about that specific stock it’s actually cool and likewise your portfolio just looks actually good and clean and really has a lot of information on the primary portfolio page which i truly like now for the cons i believe there are three primary cons in terms of in my opinion plainly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i utilize them myself however ones to be knowledgeable about the very first one i think it is a little bit too simple to trade cfds so because the cfd platform and the regular trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and unintentionally open a cfd which is really excellent 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 normally think that a lot of the platforms that provide cfds ought to make it even harder to open cfds for retail financiers i know numerous individuals who’ve lost quite a lot of money um not on in fact however still trading cfds so i think normally there must probably be a little bit more it’s going to state guideline 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 charges so this is something that shows up a lot when i speak about is people grumbling about the costs now yes whilst you might compare to specific platforms that have lower fees there are also loads of platforms that have much higher costs so roundabouts and swings actually it all depends upon the big picture um they have a five dollar withdrawal cost is that truly that much possibly if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes perhaps 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 probably not so simply weigh that up um when you when you look at it there’s a couple of other charges on their charge page however usually the actual investing into stocks is commission totally free so as soon as you have actually topped up you can do as lots of transactions as you desire in regards to purchasing underlying assets without paying extra charges and finally the last con from me is the portfolio history so i discover it a bit difficult to find out sort of what i’ve invested where i have to go into each private stock simply to see when i have actually invested into it and just 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 also i’ve still not truly figured out the dividends and how that shows up so that possibly resembles a little bit of a 50 50 for me not quite sure yet to view this area that’s practically it if you are interested in giving them a go i do have a referral 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 simply to see what you think discover the platform and then decide on whether you want to use it or not so i ‘d love to understand your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.