the consensus is in regards to our analysts saying to purchase to hold to offer the stock all the rankings where it’s come from Does Etoro Trade Doge…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a quick video simply taking you through the pros and cons the things that i think are good 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 desire to offer it a go let’s dive straight in so the very first big pro for me is the truth that they have expert rankings and research study i definitely like this it’s got a whole page for each of the stocks just informing you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it gives 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 buying and the expert transactions too so it simply reveals you whether insiders have bought the shares um over the last few months or not i believe this is absolutely terrific and displayed in a really simple format so for me this is a substantial plus for the platform a 2nd substantial plus for me is the truth 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 could just top up a bigger quantity 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 every time that you make a deal whereas here that does not occur you simply 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 third big pro of the platform in my viewpoint is that it provides you access not just to stocks but likewise to products and cryptocurrency undoubtedly this isn’t actually something that newbies should dabble in however 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 element of the platform so you can literally enter and speak with individuals comment on post see what people are posting about each individual stock almost have like discussions about it and you can actually take a look at individuals’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are buying including the popular traders you can see the revenues they have actually made and whatever it is extremely transparent and i think it’s actually good because you often get like alerts saying like so many people are speaking about tesla today like see all the posts
here and it’s truly cool simply to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two choices i think i’ve mentioned prior to 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’ve talked about this prior to but they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my viewpoint um it’s actually cool and i think it’s a big plus of the platform due to the fact that they have actually 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 viewpoint is it’s just got a truly good layout dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a really actually great desktop version it looks actually tidy easy to use i didn’t truly have any concerns with figuring out what to do i like that for each stock you can go in and see whatever in one place you understand you can click
on the chart you can click the research you can click the news and it will just tell you all the news about that specific stock it’s actually cool and likewise your portfolio just looks tidy and really great and in fact has a great deal of information on the primary portfolio page which i really like now for the cons i think there are 3 main 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 utilize them myself however ones to be knowledgeable about the very first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated 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 good which’s practically among the primary reasons that i do utilize them so it’s not actually something to worry about unintentionally doing however i generally think that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail investors i understand several people who have actually lost quite a great deal of cash um not on in fact but still trading cfds so i think typically there need to most likely be a little bit more it’s going to state guideline however simply generally a little more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that turns up a lot when i talk about is individuals grumbling about the charges now yes whilst you might compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater charges so swings and roundabouts truly all of it depends on the big picture um they have a 5 dollar withdrawal cost is that really that much perhaps if you’re constantly 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 taking out like a thousand pounds at a time then does it really matter probably not so simply weigh that up um when you when you look at it there’s a few other charges on their cost page but generally the actual investing into stocks is commission totally free so when you have actually topped up you can do as many deals as you want in regards to purchasing underlying properties without paying extra costs and lastly the last con from me is the portfolio history so i discover it a bit difficult to determine sort of what i have actually invested where i have to go into each specific stock just to see when i’ve 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 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 a 50 50 for me not quite sure yet to enjoy this space that’s basically it if you have an interest in giving them a go i do have a recommendation link down below that you can use and you do not even have to top up you can just utilize the virtual portfolio initially just to see what you think find out the platform and after that decide on whether you wish to use it or not so i ‘d enjoy to understand your ideas if you do try it out what you consider it and yeah that’s practically it for th.