the consensus remains in terms of our analysts saying to purchase to hold to sell the stock all the ratings where it’s come from Can I Buy Cryptocurrency On Etoro…
I think 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 believe are great about the platform and the things i think 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 jump directly in so the very first big pro for me is the truth that they have expert ratings and research i definitely enjoy this it’s got a whole page for each of the stocks just 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 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 offering or purchasing and the insider deals too so it simply reveals you whether experts have bought the shares um over the last couple of months or not i think this is absolutely terrific and displayed in a really simple 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 kept in u.s dollars so i guess this is subjective however i think this reduces your forex danger so in theory you might just top up a larger amount when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx fees whenever that you make a deal whereas here that does not happen 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 certainly works finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it provides you gain access to not just to stocks but also to commodities and cryptocurrency clearly this isn’t really something that novices ought to dabble in but it does have that option for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually go in and talk with individuals talk about post see what individuals are posting about each private stock nearly have like conversations about it and you can actually take a look at people’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying including the popular traders you can see the revenues they’ve made and whatever it is really transparent and i believe it’s actually good because you often get like notifications stating thus many people are speaking about tesla today like see all the posts
here and it’s really cool simply to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have two choices i believe i’ve pointed out before 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 however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s type 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 themes of these portfolios um that you can choose from so that’s a huge plus for me the last pro from my perspective is it’s simply got a really great design dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a truly truly great desktop variation it looks really tidy easy to use i didn’t truly have any problems with finding out what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click on the research study you can click the news and it will just inform you all the news about that specific stock it’s really cool and likewise your portfolio simply looks really good and clean and in fact has a lot of data on the main portfolio page which i really like now for the cons i think there are 3 primary cons in regards to in my opinion clearly they’re not ones that have put me off using the platform um you understand i’ve done portfolio updates i use them myself but 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 regular trading platform are incorporated into one it makes it rather easy for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and inadvertently open a cfd which is actually great and that’s practically among the main reasons that i do utilize them so it’s not actually something to fret about unintentionally doing however i usually believe that a great deal of the platforms that use cfds ought to make it even harder to open cfds for retail financiers i know quite a few people who’ve lost quite a great deal of cash um not on really however still trading cfds so i believe usually there need to probably be a little bit more it’s going to state guideline but simply normally a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that comes up a lot when i speak about is people grumbling about the fees now yes whilst you might compare to particular platforms that have lower fees there are likewise loads of platforms that have much greater charges so swings and roundabouts actually everything depends on the big picture um they have a five dollar withdrawal fee is that actually that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps 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 most likely not so just weigh that up um when you when you look at it there’s a few other charges on their charge page but generally the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as many deals as you want in terms of purchasing underlying assets without paying extra charges and finally the last con from me is the portfolio history so i discover it a bit hard to find out sort of what i’ve invested where i have to go into each individual 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 really like to see all of the investments if possible and likewise i have actually still not truly determined the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to watch this area that’s pretty much it if you have an interest in giving them 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 just use the virtual portfolio initially simply to see what you think find out the platform and after that make a decision 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.