the consensus remains in terms of our analysts stating to buy to hold to offer the stock all the scores where it’s come from Wikifolio Vs Etoro…
I believe there’s a lot of interest about i do get a lot of concerns 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 think are great 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 provide it a go let’s dive straight in so the first huge pro for me is the truth that they have analyst scores and research i definitely love this it’s got an entire page for each of the stocks simply informing you what analysts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost 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 buying or offering and the expert transactions as well so it simply reveals you whether insiders have actually bought the shares um over the last couple of months or not i believe this is absolutely excellent and displayed in an actually easy format so for me this is a big plus for the platform a second huge plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i think this reduces your forex risk so in theory you might just top up a larger amount when the currency remains in your favor and simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx fees whenever that you make a deal whereas here that doesn’t happen you just pay the fx cost
What is social trading?
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 viewpoint is that it provides you access not simply to stocks however likewise to commodities and cryptocurrency clearly this isn’t truly something that newbies need to dabble in but it does have that choice for those of you who are interested 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 comment on post see what people are publishing about each specific stock practically have like discussions about it and you can actually look at individuals’s portfolios so you can go into anybody’s profile click 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 very transparent and i think it’s really excellent since you often get like notices stating thus lots of people are discussing tesla today like see all the posts
here and it’s really cool just to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two alternatives i think i have actually discussed prior to you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve discussed this prior to but they have a renewable resource portfolio which simply 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 huge plus of the platform because they’ve got loads of different styles of these portfolios um that you can pick from so that’s a huge plus for me the final pro from my point of view is it’s just got a really nice layout control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a truly actually great desktop version it looks really clean easy to use i didn’t actually have any problems with finding out what to do i like that for each stock you can enter and see everything in one place you understand you can click
on the chart you can click on the research you can click on the news and it will just tell you all the news about that specific stock it’s truly cool and likewise your portfolio just looks tidy and actually great and actually has a lot of data on the primary portfolio page which i really like now for the cons i think there are three main cons in terms of in my viewpoint clearly they’re not ones that have put me off utilizing the platform um you understand 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 normal trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and accidentally open a cfd which is actually great and that’s basically among the primary factors that i do utilize them so it’s not truly something to worry about accidentally doing however i generally think that a lot of the platforms that offer cfds ought to make it even harder to open cfds for retail financiers i know many individuals who’ve lost rather a lot of money um not on in fact however still trading cfds so i think generally there need to most likely be a little bit more it’s going to state guideline however simply typically a little more like a few more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that shows up a lot when i discuss is people complaining about the charges now yes whilst you may compare to particular platforms that have lower charges there are also loads of platforms that have much higher fees so roundabouts and swings truly it all depends upon the big picture um they have a five dollar withdrawal cost is that really that much perhaps if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
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 truly matter probably not so just weigh that up um when you when you look at it there’s a few other costs on their fee page however generally the actual investing into stocks is commission complimentary so once you’ve topped up you can do as lots of transactions as you desire in regards to buying underlying assets without paying extra costs and finally the last con from me is the portfolio history so i find it a bit difficult 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 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 truly like to see all of the investments if possible and likewise i’ve still not really found out the dividends and how that appears so that potentially resembles a little bit of a 50 50 for me not quite sure yet to view this area that’s basically it if you are interested in providing a go i do have a referral link down below that you can utilize and you don’t even have to top up you can simply utilize the virtual portfolio at first just to see what you believe discover the platform and after that make a decision on whether you wish to utilize it or not so i ‘d like to understand your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.