the consensus is in regards to our experts saying to purchase to hold to offer the stock all the rankings where it’s come from Can You Use Etoro In Australia…
so i believe there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video just taking you through the advantages and disadvantages the things that i think are good about the platform and the things i think are bad about the platform and then you can decide on whether or not you want to give it a go let’s dive directly in so the very first big pro for me is the fact that they have analyst rankings and research study i definitely enjoy this it’s got an entire page for each of the stocks just informing 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 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 offering or purchasing and the expert transactions too so it simply shows you whether insiders have actually purchased the shares um over the last few months or not i think this is absolutely great and displayed in an actually 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 kept in u.s dollars so i guess this is subjective but i think this reduces your foreign exchange threat so in theory you could just top up a larger quantity when the currency is 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 each time that you make a deal 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 convert back to your own currency this clearly works best if you invest a lot into u.s stocks the 3rd huge pro of the platform in my viewpoint is that it gives you access not simply to stocks but likewise to commodities and cryptocurrency undoubtedly this isn’t actually something that novices must meddle however it does have that alternative for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally enter and speak to people comment on post see what people are posting about each individual stock practically have like conversations about it and you can actually take a look at people’s portfolios so you can enter into anyone’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 whatever it is extremely transparent and i believe it’s really good due to the fact that you often get like notices saying like so many people are talking about tesla today like see all the posts
here and it’s truly cool simply to see what individuals are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have two options i think i’ve discussed 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 have actually talked about this before 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 think it’s a huge plus of the platform because they’ve got loads of different styles 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 just got a truly great design dashboard and the method it’s established so unlike the other platforms that i use at the moment they have a truly really good desktop variation it looks actually 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 go in and see everything in one location you understand you can click
on the chart you can click on the research you can click the news and it will simply inform you all the news about that specific stock it’s truly cool and also your portfolio just looks really good and clean and really has a great deal of information on the main portfolio page which i actually like now for the cons i believe there are 3 main cons in terms of in my opinion plainly they’re not ones that have put me off using the platform um you understand i have actually done portfolio updates i use them myself however ones to be familiar with the very first one i believe it is a bit too easy to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it quite easy for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and unintentionally open a cfd which is actually excellent and that’s practically among the main reasons that i do utilize them so it’s not really something to worry about mistakenly doing however i normally think that a lot of the platforms that provide cfds must make it even harder to open cfds for retail investors i know many people who have actually lost rather a lot of money um not on actually however still trading cfds so i think typically there must probably be a bit more it’s going to state policy however simply generally a little bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i talk about is people grumbling about the charges now yes whilst you might compare to specific platforms that have lower costs there are also loads of platforms that have much greater costs so swings and roundabouts actually all of it depends on the big picture um they have a five dollar withdrawal cost is that really that much maybe if you’re continuously 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 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 take a look at it there’s a couple of other costs on their fee page however typically the real investing into stocks is commission free so as soon as you have actually topped up you can do as numerous deals as you desire in terms of buying underlying properties without paying extra costs and finally the last con from me is the portfolio history so i discover it a bit difficult to find out sort of what i have actually invested where i have to go into each private stock simply to see when i have actually invested into it and 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 financial investments if possible and also i’ve still not actually determined the dividends and how that shows up so that possibly is like a bit of a 50 50 for me not quite sure yet to watch this space that’s practically it if you have an interest in providing a go i do have a referral link down listed below that you can utilize and you don’t even need to top up you can just use the virtual portfolio initially just to see what you believe find out 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 of it and yeah that’s pretty much it for th.