the consensus is in terms of our experts saying to buy to hold to sell the stock all the rankings where it’s originated from Etoro Vs Revolut Stocks…
so i think there’s a great deal of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video just taking you through the advantages and disadvantages the important things that i believe are excellent about the platform and the important things i think are bad about the platform and then you can decide on whether you want to give it a go let’s jump straight in so the first huge pro for me is the reality that they have expert ratings and research study i absolutely enjoy this it’s got an entire page for each of the stocks simply informing you what analysts are saying and doing about the stock so you can see here for instance on johnson and johnson what it looks like it offers you the price 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 buying or selling and the insider transactions as well so it just reveals you whether experts have bought the shares um over the last couple of months or not i think this is definitely excellent and displayed in a truly simple format so for me this is a substantial plus for the platform a second big plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i believe this decreases your forex risk so in theory you could just 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 costs whenever that you make a transaction whereas here that does not occur you simply pay the fx charge
What is social trading?
when you top up and when you withdraw and transform back to your own currency this certainly works finest if you invest a lot into u.s stocks the third huge pro of the platform in my viewpoint is that it gives you gain access to not simply to stocks however also to products and cryptocurrency certainly this isn’t actually something that novices need to dabble in but it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually go in and talk to individuals comment on post see what people are posting about each individual stock almost have like discussions about it and you can really take a look at individuals’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are purchasing including the popular traders you can see the earnings they’ve made and whatever it is really transparent and i think it’s really excellent since you frequently get like notices stating like so many people are discussing tesla today like see all the posts
here and it’s really cool simply to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two choices i think i have actually mentioned before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve talked about this prior to however they have a renewable resource 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 huge plus of the platform since they have actually got loads of various themes of these portfolios um that you can select from so that’s a huge plus for me the final pro from my perspective is it’s just got an actually nice design dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a really really nice desktop version it looks really tidy easy to use i didn’t actually have any issues with determining what to do i like that for each stock you can go in and see whatever in one place you know 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 likewise your portfolio just looks truly nice and tidy and really has a great deal of data on the main portfolio page which i truly like now for the cons i think there are 3 primary cons in regards to in my opinion clearly they’re not ones that have actually put me off utilizing the platform um you know i have actually done portfolio updates i utilize them myself but ones to be familiar with the very first one i think it is a bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it rather simple for individuals 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 truly great which’s practically among the primary reasons that i do use them so it’s not truly something to stress over unintentionally doing but i typically believe that a lot of the platforms that provide cfds must make it even harder to open cfds for retail financiers i know several individuals who’ve lost rather a lot of money um not on in fact but still trading cfds so i think usually there ought to probably be a little bit more it’s going to state regulation however simply typically a little more like a few more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that shows up a lot when i discuss is people grumbling about the charges now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much higher fees so roundabouts and swings truly it all depends upon the big picture um they have a five dollar withdrawal charge is that truly that much perhaps if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes maybe that’s a lot but 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 actually matter probably 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 but usually the real investing into stocks is commission free so when you have actually topped up you can do as many transactions as you desire in regards to buying underlying assets without paying additional charges and finally the last con from me is the portfolio history so i discover it a little bit challenging to determine 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 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 financial investments if possible and likewise i’ve still not really figured out the dividends and how that appears so that potentially resembles a little 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 referral link down listed below that you can utilize and you don’t even have to top up you can simply utilize the virtual portfolio initially simply to see what you think discover the platform and after that make a decision on whether you wish to use 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.