the consensus is in regards to our analysts saying to buy to hold to offer the stock all the rankings where it’s originated from Luno Vs Etoro…
so i think there’s a great deal of interest about i do get a great deal of concerns 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 after that you can make a decision on whether or not you want to give it a go let’s dive directly in so the very first huge pro for me is the truth that they have analyst scores and research study i definitely like this it’s got a whole page for each of the stocks simply informing you what analysts are stating and doing about the stock so you can see here for example 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 offering and the expert transactions as well so it just reveals you whether experts have bought the shares um over the last few months or not i think this is definitely terrific and shown in an actually easy format so for me this is a huge 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 reduces your foreign exchange danger so in theory you could simply top up a bigger quantity when the currency remains 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 fees each time that you make a deal whereas here that doesn’t occur you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and convert back to your own currency this obviously works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it provides you gain access to not just to stocks but likewise to commodities and cryptocurrency clearly this isn’t actually something that newbies must meddle but it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally enter and speak with people talk about post see what individuals are publishing about each individual stock nearly have like conversations 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 buying including the popular traders you can see the revenues they’ve made and whatever it is very transparent and i think it’s truly excellent due to the fact that you often get like notices saying like so many individuals are discussing tesla right now like see all the posts
here and it’s truly cool just to see what people are thinking 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 specific 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 but they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s truly cool and i believe it’s a big plus of the platform due to the fact that they’ve got loads of various themes of these portfolios um that you can select from so that’s a big plus for me the last pro from my point of view is it’s just got an actually great layout dashboard 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 really tidy easy to use i didn’t really have any concerns with figuring out what to do i like that for each stock you can enter and see whatever in one location you understand you can click
on the chart you can click the research you can click the news and it will just inform you all the news about that particular stock it’s really cool and likewise your portfolio simply looks truly nice and clean and actually has a great deal of information on the primary portfolio page which i truly like now for the cons i think there are 3 main cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you understand i have actually done portfolio updates i utilize them myself but ones to be aware of the first one i think it is a little bit too simple to trade cfds so due to the fact that 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 inadvertently open a cfd which is actually excellent and that’s basically among the main factors that i do use them so it’s not actually something to stress over unintentionally doing but i typically believe that a great deal of the platforms that use cfds should make it even harder to open cfds for retail investors i understand numerous individuals who’ve lost quite a great deal of money um not on really but still trading cfds so i believe typically there must most likely be a bit more it’s going to say policy but simply usually a little bit more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that shows up a lot when i talk about is people grumbling about the charges now yes whilst you may compare to certain platforms that have lower fees there are also loads of platforms that have much higher charges so roundabouts and swings actually everything depends on the big picture um they have a 5 dollar withdrawal fee is that really that much possibly if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly 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 most likely not so simply weigh that up um when you when you look at it there’s a couple of other costs on their charge page but typically the actual investing into stocks is commission complimentary so as soon as you’ve topped up you can do as lots of transactions as you want in terms of purchasing underlying possessions without paying additional costs and finally the last con from me is the portfolio history so i find it a bit hard to determine sort of what i’ve invested where i need to go into each private stock simply 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 actually like to see all of the investments if possible and also i’ve still not truly found out the dividends and how that appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to see this space that’s practically it if you are interested in giving them a go i do have a referral link down listed below that you can utilize and you do not even need to top up you can just utilize the virtual portfolio at first just to see what you believe find out the platform and after that make a decision 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 of it and yeah that’s pretty much it for th.