the consensus remains in regards to our analysts stating to buy to hold to offer the stock all the ratings where it’s originated from Etoro Day Trading Review…
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 think are good 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 offer it a go let’s dive directly in so the first huge pro for me is the fact that they have expert ratings and research study i definitely like this it’s got an entire page for each of the stocks just telling you what experts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it provides you the cost 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 offering and the expert transactions also so it simply shows you whether experts have bought the shares um over the last couple of months or not i believe this is absolutely terrific and shown in an actually 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 however i believe this reduces your foreign exchange threat so in theory you could simply top up a bigger quantity when the currency is in your favor and just hold the cash waiting to invest it for a great deal of the platforms you have to pay the fx charges each time that you make a transaction whereas here that does not occur you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it gives you access not just to stocks but likewise to products and cryptocurrency obviously this isn’t really something that newbies must dabble in however it does have that option for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally enter and talk with individuals discuss post see what people are publishing about each individual stock practically have like discussions about it and you can really look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are investing in including the popular traders you can see the profits they’ve made and everything it is extremely transparent and i believe it’s really excellent due to the fact that you often get like notices stating like so lots of people are speaking about tesla today 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 choices i believe i have actually pointed out 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 however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s really cool and i believe it’s a substantial plus of the platform due to the fact that they’ve got loads of different styles of these portfolios um that you can choose from so that’s a huge plus for me the final pro from my point of view is it’s just got an actually good design control panel and the method it’s established so unlike the other platforms that i use at the moment they have a truly actually good desktop version it looks truly clean easy to use i didn’t actually have any problems with determining what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research you can click on the news and it will just inform you all the news about that specific stock it’s truly cool and also your portfolio just looks clean and really good and actually has a great deal of data on the main portfolio page which i actually like now for the cons i believe there are three primary cons in terms of in my opinion plainly they’re not ones that have actually put me off using the platform um you understand i’ve done portfolio updates i utilize them myself however ones to be familiar with the first one i believe it is a little bit too simple to trade cfds so because the cfd platform and the typical trading platform are integrated into one it makes it rather simple for people to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is really great which’s practically one of the main reasons that i do utilize them so it’s not truly something to worry about inadvertently doing however i typically believe that a lot of the platforms that use cfds need to make it even harder to open cfds for retail financiers i know several individuals who’ve lost rather a lot of cash um not on really but still trading cfds so i think normally there must probably be a little bit more it’s going to state policy however just typically a little bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i talk about is people complaining about the fees now yes whilst you may compare to specific platforms that have lower costs there are also loads of platforms that have much higher fees so swings and roundabouts actually it all depends upon the big picture um they have a 5 dollar withdrawal fee is that truly that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot but 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 truly matter most likely not so simply weigh that up um when you when you look at it there’s a couple of other charges on their fee page however generally the actual investing into stocks is commission complimentary so as soon as you have actually topped up you can do as lots of deals as you desire in terms of purchasing underlying properties without paying additional costs and lastly 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 simply to see when i have actually invested into it and 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 really like to see all of the investments if possible and likewise i’ve still not really figured out the dividends and how that appears so that possibly is like a bit of a 50 50 for me not quite sure yet to enjoy this space that’s basically it if you are interested in providing a go i do have a recommendation link down below that you can utilize and you don’t even have to top up you can simply use the virtual portfolio at first simply to see what you think learn the platform and then make a decision on whether you wish to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think about it and yeah that’s basically it for th.