the agreement remains in terms of our analysts stating to purchase to hold to sell the stock all the scores where it’s originated from How Do I Buy On Etoro…
I think there’s a lot of interest about i do get a lot of concerns 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 provide it a go let’s dive straight in so the first huge pro for me is the fact that they have analyst scores and research i definitely enjoy this it’s got an entire page for each of the stocks simply telling you what analysts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it provides you the cost 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 transactions too so it simply reveals you whether experts have bought the shares um over the last few months or not i believe this is definitely fantastic and displayed in an actually simple format so for me this is a big 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 but i believe this reduces your foreign exchange threat so in theory you could just top up a larger quantity when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you need to pay the fx charges whenever 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 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 opinion is that it gives you gain access to not just to stocks however also to products and cryptocurrency clearly this isn’t actually something that newbies ought to meddle but it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally go in and talk to individuals comment on post see what individuals are publishing about each private stock almost have like conversations about it and you can really take a look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the revenues they have actually made and everything it is really transparent and i believe it’s truly excellent because you often get like notices stating like so lots of people are talking about tesla right now like see all the posts
here and it’s really cool simply to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 choices i think i’ve discussed before you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this prior to but they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s really cool and i believe it’s a big plus of the platform since 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 an actually great design dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have a really really great desktop variation it looks really 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 study you can click on the news and it will just inform you all the news about that specific stock it’s actually cool and also your portfolio simply looks tidy and truly nice and in fact has a lot of data on the primary portfolio page which i really like now for the cons i believe there are three primary cons in regards to in my opinion clearly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i use them myself but ones to be knowledgeable about the very first one i think 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 rather simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is really great and that’s pretty much one of the primary factors that i do use them so it’s not actually something to fret about inadvertently doing however i usually think that a lot of the platforms that use cfds must make it even harder to open cfds for retail investors i know numerous individuals who have actually lost rather a great deal of cash um not on in fact however still trading cfds so i believe generally there must most likely be a little bit more it’s going to state policy however just typically 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 comes up a lot when i speak about is people complaining about the charges now yes whilst you may compare to particular platforms that have lower fees there are likewise loads of platforms that have much higher fees so roundabouts and swings truly everything depends on the big picture um they have a 5 dollar withdrawal charge is that actually that much maybe 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 only going to be taking out 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 few other costs on their charge page however generally the actual investing into stocks is commission totally free so once you’ve topped up you can do as many transactions as you want in terms of purchasing underlying properties without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit hard to find out sort of what i have actually invested where i have to go into each specific stock simply to see when i have actually 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 truly like to see all of the financial investments if possible and likewise i’ve still not actually determined the dividends and how that appears so that potentially resembles a little bit of a 50 50 for me not quite sure yet to watch this area that’s pretty much it if you are interested in providing a go i do have a referral link down below that you can utilize and you do not even need to top up you can simply use the virtual portfolio initially simply to see what you think discover the platform and after that make a decision on whether you wish to utilize it or not so i ‘d like to know your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.