the consensus remains in regards to our analysts saying to purchase to hold to offer the stock all the ratings where it’s come from Can You Transfer Bitcoin To Etoro…
so i think there’s a lot of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a fast video simply taking you through the benefits and drawbacks the important things that i believe are excellent about the platform and the important things i think are bad about the platform and then you can decide on whether or not you wish to try let’s jump straight in so the first big pro for me is the reality that they have analyst rankings and research i absolutely love this it’s got a whole page for each of the stocks just informing you what analysts are doing and saying about the stock so you can see here for instance on johnson and johnson what it looks like it offers you the rate 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 offering or purchasing and the insider deals too so it simply shows you whether experts have bought the shares um over the last few months or not i think this is absolutely fantastic and displayed in a really easy format so for me this is a substantial plus for the platform a second huge plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i believe this decreases your foreign exchange risk so in theory you could just top up a bigger quantity when the currency remains in your favor and simply hold the money waiting to invest it for a great deal of the platforms you have to pay the fx fees each time that you make a transaction whereas here that doesn’t 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 viewpoint is that it offers you access not just to stocks but also to commodities and cryptocurrency clearly this isn’t truly something that novices ought to dabble in but it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally go in and talk to individuals comment on post see what individuals are posting about each private stock almost have like conversations about it and you can actually look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are investing in including the popular traders you can see the profits they’ve made and whatever it is really transparent and i believe it’s actually great due to the fact that you often get like alerts stating like so many individuals are discussing tesla today like see all the posts
here and it’s really cool just to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 options i believe i have actually discussed before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually talked about this before however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s kind of like an etf in my viewpoint um it’s actually cool and i believe it’s a huge plus of the platform since they have actually got loads of various themes of these portfolios um that you can select from so that’s a big plus for me the last pro from my point of view is it’s just got an actually nice design control panel and the way it’s set up so unlike the other platforms that i usage at the moment they have an actually truly good desktop variation it looks actually clean easy to use i didn’t actually have any concerns with determining what to do i like that for each stock you can go in and see everything in one place you know you can click
on the chart you can click the research you can click the news and it will simply tell you all the news about that particular stock it’s truly cool and also your portfolio simply looks clean and really nice and in fact has a lot of information on the primary portfolio page which i actually like now for the cons i believe there are 3 main cons in regards to in my viewpoint plainly they’re not ones that have actually put me off utilizing the platform um you know i have actually done portfolio updates i use them myself but ones to be aware of the very first one i think it is a bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it rather 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 good and that’s practically one of the primary factors that i do utilize them so it’s not truly something to fret about mistakenly doing but i usually think that a lot of the platforms that offer cfds must make it even harder to open cfds for retail financiers i know numerous people who have actually lost quite a great deal of cash um not on actually however still trading cfds so i believe usually there need to most likely be a little bit more it’s going to say policy however simply usually a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that turns up a lot when i speak about is individuals grumbling about the charges now yes whilst you may compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater costs so swings and roundabouts really all of it depends upon the big picture um they have a five dollar withdrawal charge is that truly that much perhaps if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot but 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 simply weigh that up um when you when you look at it there’s a few other charges on their fee page but generally the actual investing into stocks is commission totally free so once you have actually topped up you can do as many deals as you want in terms of purchasing underlying assets without paying additional fees and lastly the last con from me is the portfolio history so i discover it a little bit difficult to determine sort of what i have actually 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 really like to see all of the financial investments if possible and also i’ve still not actually found out the dividends and how that appears so that potentially is like a bit of a 50 50 for me not quite sure yet to view this space that’s basically it if you have an interest in giving them a go i do have a recommendation link down listed below that you can utilize and you do not even have to top up you can just utilize the virtual portfolio at first just to see what you think learn the platform and after that make a decision on whether you want to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think of it and yeah that’s practically it for th.