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 Vs Comdirect…
so i think there’s a great deal of curiosity about i do get a great deal of questions asking me about the platform so i believed i would do a quick video simply taking you through the benefits and drawbacks 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 or not you wish to try let’s jump straight in so the first huge pro for me is the truth that they have expert ratings and research i absolutely enjoy this it’s got a whole page for each of the stocks simply informing you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it appears like it offers 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 buying or selling and the expert deals too so it simply shows you whether experts have purchased the shares um over the last couple of months or not i think this is definitely fantastic and shown in a really easy format so for me this is a big plus for the platform a second substantial 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 lessens your foreign exchange danger so in theory you might simply top up a larger amount when the currency is in your favor and simply 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 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 clearly works best if you invest a lot into u.s stocks the third huge pro of the platform in my viewpoint is that it provides you access not just to stocks however likewise to products and cryptocurrency undoubtedly this isn’t really something that newbies must dabble in but it does have that option for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally enter and talk with people comment on 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 enter into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the profits they have actually made and everything it is extremely transparent and i believe it’s truly great due to the fact that you typically get like notifications saying thus many individuals are speaking about tesla right now like see all the posts
here and it’s actually cool just to see what individuals are believing the next pro of the platform is in my viewpoint the copy portfolios so they have two choices i believe i’ve discussed prior to you can either copy private people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this prior to but they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s actually cool and i think it’s a huge plus of the platform due to the fact that they’ve got loads of various styles of these portfolios um that you can choose from so that’s a big plus for me the last pro from my viewpoint is it’s simply got a really good layout dashboard and the method it’s set up so unlike the other platforms that i use at the moment they have a really actually good desktop version it looks actually clean easy to use i didn’t actually have any concerns with figuring 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 the research study you can click the news and it will just inform you all the news about that particular stock it’s actually cool and also your portfolio simply looks really good and tidy and actually has a lot of data on the main portfolio page which i really like now for the cons i believe there are 3 primary cons in terms of in my viewpoint plainly they’re not ones that have actually put me off using the platform um you know i’ve done portfolio updates i utilize them myself but ones to be aware of the very first one i believe it is a bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it quite easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and unintentionally open a cfd which is really excellent and that’s practically one of the primary reasons that i do use them so it’s not truly something to fret about inadvertently doing however i typically believe that a lot of the platforms that provide cfds must make it even harder to open cfds for retail investors i understand several people who have actually lost quite a lot of cash um not on in fact but still trading cfds so i think normally there ought to probably be a little bit more it’s going to say regulation however simply normally a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that shows up a lot when i speak about is individuals grumbling about the fees now yes whilst you may compare to particular platforms that have lower charges there are also loads of platforms that have much greater costs so swings and roundabouts actually all of it depends on the big picture um they have a five dollar withdrawal fee 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 maybe that’s a lot however if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it really matter most likely not so simply weigh that up um when you when you take a look at it there’s a couple of other fees on their cost page however typically the real investing into stocks is commission totally free so once you have actually topped up you can do as many transactions as you want in regards to purchasing underlying possessions without paying extra charges and finally the last con from me is the portfolio history so i discover it a little bit tough to figure out sort of what i’ve invested where i have to go into each individual 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 truly like to see all of the investments if possible and likewise i’ve still not actually found out the dividends and how that appears so that possibly resembles a bit of a 50 50 for me not quite sure yet to enjoy this space that’s pretty much it if you have an interest in giving them 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 just utilize the virtual portfolio at first simply to see what you think find out the platform and after that decide on whether you wish to utilize it or not so i ‘d like to understand your ideas if you do try it out what you think about it and yeah that’s pretty much it for th.