the consensus remains in regards to our analysts saying to buy to hold to sell the stock all the scores where it’s originated from Is Etoro A Good Trading App…
so i think there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed i would do a quick video just taking you through the advantages and disadvantages the important things that i think are good about the platform and the important things i think are bad about the platform and after that you can make a decision on whether you want to try let’s jump straight in so the very first huge pro for me is the reality that they have analyst scores and research study 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 appears like it gives 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 purchasing or offering and the expert deals also so it simply shows you whether insiders have actually bought the shares um over the last few months or not i believe this is definitely great and shown in an actually easy format so for me this is a substantial plus for the platform a second big plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective but i believe this minimizes your foreign exchange threat 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 need to pay the fx costs whenever that you make a deal whereas here that doesn’t occur you just pay the fx cost
What is social trading?
when you top up and when you withdraw and transform back to your own currency this obviously works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it gives you gain access to not just to stocks but likewise to commodities and cryptocurrency undoubtedly this isn’t actually something that beginners need 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 actually enter and speak with people comment on post see what individuals are posting about each specific stock almost have like discussions about it and you can really look at individuals’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in consisting of the popular traders you can see the earnings they’ve made and everything it is very transparent and i think it’s really great due to the fact that you frequently get like notices saying thus many people are talking about tesla right now like see all the posts
here and it’s really cool just to see what people are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two choices i think i have actually discussed prior to you can either copy private people 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 sort of like an etf in my opinion um it’s really cool and i think it’s a big plus of the platform because they have actually got loads of various themes of these portfolios um that you can pick from so that’s a big plus for me the final pro from my point of view is it’s simply got a truly good design control panel and the method it’s established so unlike the other platforms that i usage at the moment they have a truly truly good desktop version it looks actually clean easy to use i didn’t really have any concerns with figuring out what to do i like that for each stock you can enter and see whatever in one location you know you can click
on the chart you can click the research you can click on the news and it will simply inform you all the news about that particular stock it’s really cool and likewise your portfolio just looks actually great and clean and really has a lot of information on the main portfolio page which i actually like now for the cons i think there are 3 primary cons in terms of in my viewpoint plainly they’re not ones that have put me off utilizing 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 think it is a little bit too simple to trade cfds so due to the fact that 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 accidentally open a cfd which is actually great and that’s practically among the main reasons that i do utilize them so it’s not actually something to stress over inadvertently doing but i normally believe that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail financiers i understand quite a few people who’ve lost quite a great deal of cash um not on in fact however still trading cfds so i believe normally there should probably be a bit more it’s going to state policy but simply generally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the charges so this is something that comes up a lot when i talk about is people complaining about the costs now yes whilst you might compare to certain platforms that have lower fees there are also loads of platforms that have much higher costs so roundabouts and swings really everything depends on the big picture um they have a 5 dollar withdrawal cost is that really that much possibly if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
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 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 take a look at it there’s a couple of other charges on their charge page but usually the real investing into stocks is commission free so as soon as you’ve topped up you can do as numerous deals as you desire in terms of purchasing underlying assets without paying extra fees and finally the last con from me is the portfolio history so i discover it a bit tough to figure out sort of what i’ve invested where i have to go into each individual 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 really like to see all of the financial investments if possible and likewise i’ve still not actually found out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to view this space that’s pretty much it if you are interested 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 simply utilize the virtual portfolio initially just to see what you believe learn the platform and after that decide on whether you want to utilize it or not so i ‘d love to know your thoughts if you do try it out what you consider it and yeah that’s basically it for th.