the agreement remains in terms of our analysts saying to purchase to hold to sell the stock all the scores where it’s originated from Octafx Vs Etoro…
so i believe 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 advantages and disadvantages the important things that i believe are great about the platform and the things i think are bad about the platform and then you can decide on whether or not you wish to give it a go let’s jump directly in so the first huge pro for me is the truth that they have analyst ratings and research study i definitely enjoy 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 gives 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 offering or buying and the expert deals as well so it just reveals you whether experts have purchased the shares um over the last couple of months or not i believe this is absolutely excellent and shown in a really simple format so for me this is a substantial plus for the platform a second substantial plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i believe this decreases your forex threat so in theory you might simply top up a larger quantity when the currency remains in your favor and just hold the money waiting to invest it for a great deal of the platforms you need to pay the fx charges each time that you make a deal whereas here that does not happen you just pay the fx cost
What is social trading?
when you top up and when you withdraw and transform back to your own currency this obviously works finest if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it offers you gain access to not simply to stocks however also to products and cryptocurrency undoubtedly this isn’t actually something that novices ought to meddle however it does have that alternative 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 go in and talk to individuals comment on post see what people are posting about each private stock almost have like discussions about it and you can really look at people’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are investing in consisting of the popular traders you can see the revenues they’ve made and whatever it is extremely transparent and i think it’s really great since you frequently get like notices saying thus many individuals are discussing tesla today like see all the posts
here and it’s actually cool simply to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have two choices i believe i’ve pointed out 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 have actually talked about this before but they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s sort 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 have actually got loads of different styles of these portfolios um that you can choose from so that’s a substantial plus for me the last pro from my perspective is it’s simply got an actually great design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually really great desktop variation 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 enter and see whatever in one location you understand 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 particular stock it’s truly cool and also your portfolio simply looks tidy and really great and really has a great deal of information on the main portfolio page which i truly like now for the cons i believe there are three main cons in regards to in my viewpoint plainly they’re not ones that have actually put me off utilizing the platform um you understand i have actually done portfolio updates i utilize them myself but ones to be familiar with the first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the regular trading platform are incorporated into one it makes it quite simple for people to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and inadvertently open a cfd which is actually great which’s basically one of the primary factors that i do utilize them so it’s not really something to worry about mistakenly doing however i normally think that a great deal of the platforms that offer cfds ought to make it even harder to open cfds for retail investors i know quite a few people who have actually lost quite a lot of cash um not on in fact but still trading cfds so i think typically there should probably be a little bit more it’s going to say policy however simply normally a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i discuss is individuals grumbling about the charges now yes whilst you may compare to specific platforms that have lower charges there are also loads of platforms that have much greater costs so swings and roundabouts truly all of it depends upon the big picture um they have a 5 dollar withdrawal cost is that really that much perhaps 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 only going to be securing like a thousand pounds at a time then does it really matter most likely not so just weigh that up um when you when you take a look at it there’s a few other charges on their cost page but typically the actual investing into stocks is commission free so when you have actually topped up you can do as lots of deals as you want in terms of buying underlying possessions without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit difficult to determine sort of what i have actually invested where i have to go into each private 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 actually like to see all of the financial investments if possible and likewise i have actually still not actually determined 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 practically it if you are interested in giving them a go i do have a recommendation link down listed below that you can use and you don’t even have to top up you can simply use the virtual portfolio initially simply to see what you believe learn the platform and then decide on whether you want to utilize it or not so i ‘d enjoy to understand your ideas if you do try it out what you think of it and yeah that’s practically it for th.