the agreement remains in regards to our analysts stating to purchase to hold to offer the stock all the ratings where it’s originated from How To Use Etoro To Copy Trade…
I think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i believed i would do a fast video just taking you through the pros and cons the things that i think are great 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 want to offer it a go let’s jump straight in so the very first big pro for me is the fact that they have analyst rankings and research i definitely love this it’s got a whole page for each of the stocks just informing you what experts 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 rate 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 buying or selling and the insider transactions too so it just reveals you whether experts have actually bought the shares um over the last couple of months or not i think this is definitely excellent and displayed in a truly simple format so for me this is a huge plus for the platform a 2nd big plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i believe this decreases your foreign exchange risk so in theory you might simply top up a larger quantity when the currency is in your favor and just hold the money waiting to invest it for a great deal of the platforms you have to pay the fx charges whenever that you make a transaction whereas here that doesn’t happen you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and transform back to your own currency this clearly works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my viewpoint is that it provides you gain access to not just to stocks however likewise to products and cryptocurrency obviously this isn’t truly something that newbies should meddle however it does have that choice 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 enter and speak to individuals comment on post see what people are publishing about each private stock nearly have like discussions about it and you can actually take a look at individuals’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they’ve made and whatever it is extremely transparent and i believe it’s actually good due to the fact that you typically get like notifications saying thus many people are discussing tesla today like see all the posts
here and it’s actually cool simply to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have 2 options i think i’ve mentioned prior to you can either copy individual individuals 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 energy portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s actually cool and i believe it’s a big plus of the platform because they have actually got loads of different styles of these portfolios um that you can pick from so that’s a substantial plus for me the final pro from my viewpoint is it’s simply got a truly nice layout dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have a truly truly great desktop version it looks actually clean easy to use i didn’t truly have any problems with determining what to do i like that for each stock you can enter and see everything 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 inform you all the news about that particular stock it’s truly cool and likewise your portfolio just looks actually nice and tidy and actually has a great deal of information on the main portfolio page which i really like now for the cons i believe there are 3 main cons in terms of 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 but ones to be familiar with 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 regular trading platform are integrated into one it makes it quite simple 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 actually great which’s practically among the main reasons that i do use them so it’s not actually something to stress over accidentally doing however i generally think that a lot of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know many people who’ve lost rather a lot of cash um not on really however still trading cfds so i think typically there need to probably be a bit more it’s going to say regulation however simply normally a bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that shows up a lot when i talk about is individuals grumbling about the charges now yes whilst you may compare to particular platforms that have lower costs there are also loads of platforms that have much higher charges so roundabouts and swings actually all of it depends upon the big picture um they have a five 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 possibly 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 really 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 fees on their charge page but typically the actual investing into stocks is commission complimentary so once you’ve topped up you can do as lots of deals as you want in terms of buying underlying assets without paying additional charges and lastly the last con from me is the portfolio history so i find it a little bit tough to find out 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 actually like to see all of the investments if possible and also i’ve still not truly figured out the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to watch this area that’s pretty much it if you are interested in giving them a go i do have a recommendation link down listed below that you can use and you do not even need to top up you can just utilize the virtual portfolio initially just to see what you think learn the platform and then decide on whether you wish to use it or not so i ‘d love to know your thoughts if you do try it out what you think of it and yeah that’s practically it for th.