the agreement is in terms of our analysts stating to buy to hold to offer the stock all the rankings where it’s come from Crypto.Com Vs Etoro…
so i think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a quick video just taking you through the pros and cons the things that i think are good about the platform and the important things i believe are bad about the platform and then you can make a decision on whether you wish to give it a go let’s dive directly in so the very first huge pro for me is the reality that they have analyst ratings and research study i absolutely like this it’s got an entire page for each of the stocks simply telling you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers 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 purchasing or offering and the expert transactions too so it simply shows you whether insiders have bought the shares um over the last couple of months or not i think this is absolutely great and shown in an actually simple format so for me this is a substantial plus for the platform a second huge plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i believe this reduces your forex risk so in theory you might simply top up a bigger amount when the currency is in your favor and simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx fees whenever that you make a transaction whereas here that doesn’t happen you just pay the fx fee
What is social trading?
when you top up and when you withdraw and convert back to your own currency this obviously works finest 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 however likewise to commodities and cryptocurrency obviously this isn’t actually something that beginners ought to meddle but it does have that option for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally go in and speak to people talk about post see what people are publishing about each individual stock nearly have like conversations about it and you can in fact 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 consisting of the popular traders you can see the profits they’ve made and whatever it is very transparent and i think it’s actually great since you frequently get like alerts stating thus many people are talking about tesla right now like see all the posts
here and it’s actually cool simply to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 options i think i have actually mentioned 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 have actually talked about this prior to but they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s sort 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 have actually got loads of various styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my point of view is it’s just got a really great layout control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a truly really great desktop version it looks actually tidy easy to use i didn’t truly have any concerns with finding out what to do i like that for each stock you can go in and see whatever in one location you understand you can click
on the chart you can click on the research study you can click on the news and it will simply tell you all the news about that specific stock it’s really cool and also your portfolio simply looks really nice and clean and actually has a lot of data on the primary portfolio page which i actually like now for the cons i think there are 3 main cons in regards to in my opinion clearly they’re not ones that have actually put me off using the platform um you understand i’ve done portfolio updates i use them myself but ones to be aware of the first one i believe it is a bit too simple to trade cfds so because the cfd platform and the normal trading platform are integrated into one it makes it rather 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 good and that’s pretty much among the main reasons that i do utilize them so it’s not truly something to stress over accidentally doing but i generally think that a lot of the platforms that use cfds must make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost rather a lot of cash um not on in fact however still trading cfds so i think generally there need to probably be a bit more it’s going to say regulation however just generally a 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 shows up a lot when i speak about is individuals grumbling about the costs now yes whilst you may compare to specific platforms that have lower fees there are likewise loads of platforms that have much greater fees so swings and roundabouts truly everything depends upon the big picture um they have a 5 dollar withdrawal charge is that truly that much possibly if you’re continuously 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 only going to be taking out like a thousand pounds at a time then does it really matter most likely not so just weigh that up um when you when you take a look at it there’s a couple of other fees on their charge page however usually the real investing into stocks is commission complimentary so once you’ve topped up you can do as numerous transactions as you desire in terms of buying underlying possessions without paying additional costs and finally the last con from me is the portfolio history so i find it a little bit hard to figure out sort of what i’ve invested where i have to go into each individual 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 actually like to see all of the financial investments if possible and likewise i’ve still not actually figured out the dividends and how that shows up so that potentially is like a little bit of a 50 50 for me not quite sure yet to view this space that’s basically it if you have an interest in giving them a go i do have a recommendation link down listed below that you can utilize and you don’t even have to top up you can just use the virtual portfolio at first simply to see what you think find out the platform and then decide on whether you want to utilize it or not so i ‘d like to know your thoughts if you do try it out what you consider it and yeah that’s practically it for th.