the consensus is in terms of our analysts saying to buy to hold to offer the stock all the ratings where it’s come from Etoro Review Cryptocurrency…
so i believe 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 advantages and disadvantages the things that i believe are excellent about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you want to give it a go let’s dive straight in so the first huge pro for me is the truth that they have analyst ratings and research i absolutely like this it’s got an entire page for each of the stocks just telling you what experts are saying and doing about the stock so you can see here for instance on johnson and johnson what it looks like it gives 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 insider transactions as well so it simply shows you whether experts have actually purchased the shares um over the last couple of months or not i think this is definitely great and displayed in a truly simple format so for me this is a substantial plus for the platform a 2nd big plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective however i believe this decreases your foreign exchange danger so in theory you could just top up a bigger quantity when the currency remains 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 costs whenever that you make a transaction whereas here that doesn’t happen you just pay the fx cost
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 third huge pro of the platform in my opinion is that it gives you access not simply to stocks but also to commodities and cryptocurrency obviously this isn’t really something that newbies need to meddle however it does have that choice for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk to people comment on post see what individuals are posting about each individual stock practically have like conversations about it and you can actually take a look at people’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’ve made and whatever it is extremely transparent and i think it’s really excellent since you typically get like notices stating like so many people are discussing tesla right now like see all the posts
here and it’s truly cool just to see what people are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 options i think i’ve pointed out 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’ve discussed this prior to however they have a renewable resource portfolio which just holds loads of renewable energy 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 different themes of these portfolios um that you can select from so that’s a huge plus for me the final pro from my point of view is it’s simply got a truly great design control panel and the way it’s established so unlike the other platforms that i use at the moment they have a really really nice desktop version it looks actually clean easy to use i didn’t truly have any issues with finding out what to do i like that for each stock you can go in and see everything in one place you know you can click
on the chart you can click on the research you can click the news and it will simply inform you all the news about that specific stock it’s truly cool and also your portfolio simply looks truly good and clean and really has a great deal of information on the primary portfolio page which i truly like now for the cons i believe there are 3 primary cons in regards to in my viewpoint plainly they’re not ones that have put me off using the platform um you know i have actually done portfolio updates i use them myself however ones to be familiar with the very first one i think it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are incorporated into one it makes it quite easy for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and accidentally open a cfd which is actually great and that’s practically one of the main reasons that i do utilize them so it’s not really something to fret about mistakenly doing but i generally think that a lot of the platforms that use cfds should make it even harder to open cfds for retail financiers i understand many individuals who have actually lost rather a great deal of money um not on really but still trading cfds so i think usually there need to most likely be a bit more it’s going to say policy however simply typically a little more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that comes up a lot when i talk about is people grumbling about the charges now yes whilst you may compare to particular platforms that have lower costs there are likewise loads of platforms that have much higher fees so roundabouts and swings really all of it depends upon the big picture um they have a 5 dollar withdrawal charge is that actually that much possibly if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes perhaps that’s a lot but if you’re investing long term and you’re only going to be securing like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you take a look at it there’s a few other fees on their cost page but usually the real investing into stocks is commission complimentary so once you’ve topped up you can do as many transactions as you want in terms of buying underlying assets without paying additional fees and finally the last con from me is the portfolio history so i find it a bit difficult to figure out sort of what i’ve invested where i need to go into each private stock just to see when i’ve 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 truly like to see all of the financial investments if possible and also i’ve still not actually determined 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 watch this area that’s practically it if you are interested in giving them a go i do have a recommendation link down below that you can use and you don’t even need to top up you can just use the virtual portfolio initially simply to see what you think learn the platform and then make a decision on whether you want to utilize it or not so i ‘d love to understand your thoughts if you do try it out what you think of it and yeah that’s practically it for th.