the consensus remains in regards to our experts saying to purchase to hold to offer the stock all the rankings where it’s originated from Etoro Binary Optionsreview…
so i think there’s a great deal of curiosity about i do get a lot of questions 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 believe 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 or not you want to try let’s jump straight in so the first huge 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 telling you what experts are doing and stating about the stock so you can see here for example on johnson and johnson what it appears like it provides you the price 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 buying or selling and the insider deals too so it just reveals you whether insiders have purchased the shares um over the last few months or not i think this is definitely fantastic and shown in a truly easy format so for me this is a big plus for the platform a 2nd big plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but i think this reduces your forex risk so in theory you could simply top up a bigger quantity when the currency is in your favor and simply hold the cash 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 occur you just pay the fx fee
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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 third huge pro of the platform in my opinion is that it gives you gain access to not simply to stocks however likewise to commodities and cryptocurrency undoubtedly this isn’t really something that novices need to dabble in but it does have that choice for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can actually go in and talk to individuals talk about post see what individuals are posting about each specific stock practically have like conversations about it and you can really take a look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are buying including the popular traders you can see the profits they have actually made and everything it is very transparent and i think it’s truly great since you often get like notices stating thus many individuals are speaking about tesla right now like see all the posts
here and it’s truly cool simply to see what individuals are believing the next pro of the platform is in my opinion the copy portfolios so they have two options i believe i’ve mentioned before you can either copy specific people 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 however they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s actually cool and i think it’s a substantial plus of the platform since they have actually got loads of different themes of these portfolios um that you can select from so that’s a substantial plus for me the last pro from my perspective is it’s just got a truly good layout dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have an actually actually great desktop variation it looks truly clean easy to use i didn’t truly have any issues 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 on the research study you can click the news and it will simply tell you all the news about that specific stock it’s really cool and likewise your portfolio just looks truly good and tidy and really has a great deal of information on the main portfolio page which i truly like now for the cons i believe there are three primary cons in regards to in my viewpoint plainly 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 however ones to be familiar with the first one i think it is a bit too easy to trade cfds so since the cfd platform and the regular 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 mistakenly open a cfd which is really good which’s pretty much one of the main reasons that i do utilize them so it’s not really something to worry about inadvertently doing however i usually believe that a great deal of the platforms that use cfds must make it even harder to open cfds for retail investors i understand quite a few people who’ve lost rather a great deal of cash um not on in fact but still trading cfds so i think usually there need to probably be a little bit more it’s going to state guideline but just generally a little bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the fees so this is something that comes up a lot when i speak about is people complaining about the costs now yes whilst you may compare to certain platforms that have lower charges there are likewise loads of platforms that have much higher fees so swings and roundabouts really all of it depends on the big picture um they have a 5 dollar withdrawal cost is that really that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot but 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 probably not so simply weigh that up um when you when you take a look at it there’s a few other charges on their cost page however usually the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as many deals as you want in terms of purchasing underlying possessions without paying additional costs and lastly the last con from me is the portfolio history so i find it a bit difficult to determine sort of what i have actually invested where i have to go into each private stock just to see when i have actually 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 also i have actually still not truly found out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to watch this area that’s basically it if you have an interest in providing a go i do have a referral link down listed below that you can use and you don’t even need to top up you can simply use the virtual portfolio initially just to see what you think discover the platform and then decide on whether you want to use it or not so i ‘d enjoy to know your thoughts if you do try it out what you think about it and yeah that’s practically it for th.