the consensus is in terms of our experts saying to purchase to hold to offer the stock all the ratings where it’s originated from What To Buy 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 believed 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 decision on whether or not you desire to provide it a go let’s dive straight in so the first big pro for me is the fact that they have analyst scores and research study i definitely enjoy this it’s got a whole page for each of the stocks just telling you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives 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 buying or offering and the expert deals as well so it just shows you whether experts have bought the shares um over the last couple of months or not i believe this is absolutely fantastic and shown in a really easy format so for me this is a substantial plus for the platform a 2nd big 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 minimizes your foreign exchange danger so in theory you could simply top up a bigger amount 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 costs each time that you make a transaction whereas here that does not happen you just pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this obviously works best 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 however also to commodities and cryptocurrency obviously this isn’t really something that newbies need to dabble in but 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 literally enter and speak to individuals discuss post see what individuals are publishing about each individual stock nearly have like discussions about it and you can actually take a look at people’s portfolios so you can go into anyone’s profile click 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 believe it’s truly great since you often get like notices saying thus many people are discussing tesla right now like see all the posts
here and it’s actually cool just to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 choices i think i’ve 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 have actually discussed this before but they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s sort 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 have actually got loads of different styles of these portfolios um that you can choose from so that’s a substantial plus for me the last pro from my viewpoint is it’s simply got a really good layout dashboard and the way it’s established so unlike the other platforms that i usage at the moment they have an actually actually great desktop variation it looks really clean 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 place you know you can click
on the chart you can click on the research 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 clean and truly great and really has a lot of information on the primary portfolio page which i actually like now for the cons i think there are three primary cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i have actually done portfolio updates i utilize them myself however ones to be familiar with the first one i believe it is a little bit too simple to trade cfds so since the cfd platform and the typical trading platform are integrated into one it makes it rather easy for people to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and accidentally open a cfd which is really excellent which’s pretty much one of the primary factors that i do use them so it’s not truly something to fret about accidentally doing but i usually think that a lot of the platforms that provide cfds must make it even harder to open cfds for retail financiers i know several individuals who’ve lost rather a lot of money um not on actually but still trading cfds so i think usually there should probably be a little bit more it’s going to state policy but simply typically a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i discuss is people complaining about the charges now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much higher charges so roundabouts and swings really everything depends on the big picture um they have a 5 dollar withdrawal charge is that actually that much perhaps if you’re constantly withdrawing l.
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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 taking out like a thousand pounds at a time then does it really matter most likely not so just weigh that up um when you when you look at it there’s a few other fees on their cost page however normally the real investing into stocks is commission complimentary so when you’ve topped up you can do as many deals as you want in terms of purchasing underlying possessions without paying extra fees and lastly the last con from me is the portfolio history so i discover it a bit tough to find out sort of what i’ve invested where i need to go into each private stock just to see when i have actually 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 actually like to see all of the investments if possible and also i’ve still not actually figured out the dividends and how that appears so that potentially resembles a little 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 referral link down below that you can use and you do not even need to top up you can simply use the virtual portfolio initially just to see what you believe discover the platform and after that decide on whether you wish to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.