the consensus remains in regards to our analysts saying to purchase to hold to sell the stock all the rankings where it’s originated from Can You Trade Options On Etoro…
so i think there’s a lot of interest about i do get a lot 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 things that i believe are good about the platform and the important things i think are bad about the platform and then you can make a decision on whether you want to give it a go let’s jump directly in so the first big pro for me is the truth that they have analyst rankings and research i absolutely love this it’s got an entire page for each of the stocks simply telling 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 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 selling or purchasing and the expert deals too so it just reveals you whether experts have actually purchased the shares um over the last couple of months or not i believe this is absolutely fantastic and displayed in an actually simple format so for me this is a big plus for the platform a 2nd substantial plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but i think this minimizes your forex threat so in theory you could simply top up a bigger 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 each time that you make a transaction whereas here that does not occur 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 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 access not just to stocks but also to commodities and cryptocurrency certainly this isn’t really something that novices ought to dabble in but it does have that option for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally go in and speak with people comment on post see what individuals are posting about each specific stock nearly have like discussions about it and you can in fact take a look at individuals’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are investing in including the popular traders you can see the earnings they’ve made and everything it is really transparent and i believe it’s actually great due to the fact that you often get like notifications saying like so many individuals are speaking about tesla right now like see all the posts
here and it’s actually cool just to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two choices i believe i’ve mentioned prior to you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually spoken about this prior to however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s actually cool and i believe it’s a huge plus of the platform since they’ve got loads of different styles of these portfolios um that you can select from so that’s a big plus for me the last pro from my viewpoint is it’s just got an actually nice layout control panel and the method it’s established so unlike the other platforms that i usage at the moment they have a truly actually nice desktop version it looks actually tidy easy to use i didn’t really have any concerns with finding out what to do i like that for each stock you can enter and see everything in one place you know you can click
on the chart you can click on the research study you can click on the news and it will simply tell you all the news about that particular stock it’s really cool and likewise your portfolio simply looks actually good and tidy and in fact has a lot of data on the main portfolio page which i really like now for the cons i believe there are three primary cons in regards to in my viewpoint 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 aware of the 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 regular trading platform are incorporated 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 unintentionally open a cfd which is really good which’s practically one of the primary factors that i do use them so it’s not truly something to stress over inadvertently doing but i usually think that a lot of the platforms that offer cfds must make it even harder to open cfds for retail investors i know several individuals who’ve lost rather a great deal of money um not on actually however still trading cfds so i think usually there need to most likely be a bit more it’s going to say regulation but simply typically a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i speak about is individuals grumbling about the costs now yes whilst you might compare to particular platforms that have lower fees there are also loads of platforms that have much greater fees so swings and roundabouts really it all depends upon the big picture um they have a 5 dollar withdrawal charge is that really that much possibly if you’re constantly withdrawing l.
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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 securing like a thousand pounds at a time then does it truly matter most likely not so simply weigh that up um when you when you take a look at it there’s a couple of other costs on their cost page but normally the actual investing into stocks is commission free so as soon as you have actually topped up you can do as many deals as you want in regards to purchasing underlying properties without paying additional costs and finally the last con from me is the portfolio history so i find it a little bit hard to figure 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 truly like to see all of the investments if possible and likewise i’ve still not truly found out the dividends and how that appears so that potentially is like a little bit of a 50 50 for me not quite sure yet to view this space that’s practically it if you have an interest in providing a go i do have a recommendation link down listed below that you can use and you don’t even have to top up you can simply use the virtual portfolio at first just to see what you think find out the platform and then decide on whether you want to use it or not so i ‘d enjoy to understand your ideas if you do try it out what you think about it and yeah that’s pretty much it for th.