the consensus is in terms of our experts stating to purchase to hold to sell the stock all the rankings where it’s come from Is Etoro Free For Crypto…
I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i thought i would do a fast video just taking you through the pros and cons the things that i believe 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 desire to give it a go let’s jump straight in so the very first big pro for me is the truth that they have analyst rankings and research i absolutely love this it’s got an entire page for each of the stocks just informing you what analysts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it provides you the rate 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 purchasing or selling and the expert deals also so it just reveals you whether experts have purchased the shares um over the last couple of months or not i think this is absolutely fantastic and shown in an actually easy format so for me this is a substantial plus for the platform a second huge plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective however i think this decreases your foreign exchange risk so in theory you might simply top up a larger amount when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx costs every time that you make a deal whereas here that doesn’t happen you simply pay the fx charge
What is social trading?
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 gain access to not simply to stocks however also to commodities and cryptocurrency clearly this isn’t actually something that beginners must dabble in however it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally enter and speak with people discuss post see what people are posting about each private stock nearly have like discussions about it and you can in fact look at individuals’s portfolios so you can go 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 have actually made and whatever it is very transparent and i think it’s actually great due to the fact that you often get like notifications stating thus many people are speaking about tesla today like see all the posts
here and it’s truly cool just to see what individuals are thinking the next pro of the platform is in my opinion the copy portfolios so they have two alternatives i believe i’ve discussed prior to you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve 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 opinion um it’s actually cool and i think it’s a huge plus of the platform because they have actually got loads of various styles of these portfolios um that you can choose from so that’s a substantial plus for me the final pro from my viewpoint is it’s just got a really nice layout dashboard and the way it’s established so unlike the other platforms that i use at the moment they have a truly truly good desktop version it looks actually clean easy to use i didn’t truly have any problems with finding 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 on the news and it will simply tell you all the news about that specific stock it’s actually cool and also your portfolio just looks tidy and really good and actually has a lot of information on the primary portfolio page which i truly like now for the cons i believe there are three primary cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you know i have actually done portfolio updates i utilize them myself but ones to be familiar with the first one i think it is a little bit too simple to trade cfds so since 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
warnings in place and it’s not like you can simply click a button and accidentally open a cfd which is actually excellent which’s basically one of the primary reasons that i do use them so it’s not truly something to worry about unintentionally doing but i usually think that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail investors i understand numerous individuals who have actually lost rather a lot of cash um not on really however still trading cfds so i believe typically there must probably be a bit more it’s going to state policy however just normally a little bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the charges so this is something that comes up a lot when i talk about is people complaining about the charges now yes whilst you may compare to certain platforms that have lower charges there are also loads of platforms that have much higher charges so swings and roundabouts actually everything depends on the big picture um they have a five dollar withdrawal cost is that really that much perhaps if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
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 most likely not so simply weigh that up um when you when you look at it there’s a couple of other costs on their cost page but usually the actual investing into stocks is commission totally free so once you’ve topped up you can do as numerous deals as you want in regards to purchasing underlying assets without paying additional fees and lastly the last con from me is the portfolio history so i find it a bit tough to determine sort of what i have actually invested where i need to go into each specific stock simply to see when i’ve invested into it and just how much instead of 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 financial investments if possible and likewise i have actually still not really figured out the dividends and how that appears so that potentially is like a little a 50 50 for me not quite sure yet to watch this space that’s practically it if you are interested in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can just use the virtual portfolio initially just to see what you believe find out the platform and then make a decision on whether you wish to utilize it or not so i ‘d enjoy to know your ideas if you do try it out what you think of it and yeah that’s basically it for th.