the agreement remains in regards to our analysts stating to buy to hold to sell the stock all the rankings where it’s originated from Binance Vs Etoro…
I think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i believed i would do a fast video just taking you through the pros and cons the things that i believe are great about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you desire to offer it a go let’s dive straight in so the very first huge pro for me is the truth that they have analyst rankings and research study i absolutely like this it’s got an entire page for each of the stocks just telling you what analysts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost 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 purchasing and the expert deals too so it simply shows you whether insiders have bought the shares um over the last couple of months or not i believe this is absolutely terrific and shown in a really simple format so for me this is a big plus for the platform a second substantial plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i think this decreases your forex risk so in theory you could simply top up a bigger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you have to pay the fx charges whenever that you make a deal whereas here that doesn’t occur you simply pay the fx cost
What is social trading?
when you top up and when you withdraw and transform back to your own currency this clearly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it gives you access not just to stocks but also to products and cryptocurrency obviously this isn’t truly something that beginners ought to dabble in 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 aspect of the platform so you can actually go in and speak to individuals comment on post see what people are publishing about each private stock almost have like conversations about it and you can really look at individuals’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the profits they have actually made and whatever it is very transparent and i believe it’s truly excellent since you often get like alerts stating like so many individuals are speaking about 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 is in my opinion the copy portfolios so they have 2 options i believe i’ve discussed before you can either copy private individuals 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 energy portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my viewpoint um it’s really cool and i think it’s a substantial plus of the platform because they’ve got loads of various themes of these portfolios um that you can choose from so that’s a big plus for me the final pro from my viewpoint is it’s simply got a really nice design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually actually good desktop variation it looks really clean easy to use i didn’t really have any concerns with figuring out what to do i like that for each stock you can go in and see whatever in one location 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 inform you all the news about that particular stock it’s really cool and likewise your portfolio simply looks tidy and actually great and really has a lot of information on the primary portfolio page which i truly like now for the cons i think 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 know i have actually done portfolio updates i use them myself but ones to be familiar with the very first one i think it is a bit too easy to trade cfds so because the cfd platform and the regular trading platform are integrated into one it makes it rather easy for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and mistakenly open a cfd which is truly good which’s practically one of the primary reasons that i do utilize them so it’s not actually something to fret about accidentally doing but i typically think that a lot of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand numerous people who’ve lost rather a lot of cash um not on actually but still trading cfds so i believe generally there should probably be a bit more it’s going to say guideline however simply usually a little more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that turns up a lot when i discuss is people grumbling about the fees now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much greater costs so swings and roundabouts truly all of it depends on the big picture um they have a 5 dollar withdrawal charge is that truly that much maybe 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 getting like a thousand pounds at a time then does it truly matter probably not so simply weigh that up um when you when you look at it there’s a couple of other fees on their fee page but normally the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as many transactions as you want in terms of purchasing underlying possessions without paying extra fees and lastly the last con from me is the portfolio history so i discover it a bit difficult to find out sort of what i have actually invested where i need to go into each private 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 actually like to see all of the financial investments if possible and also i’ve still not truly found out the dividends and how that shows up so that possibly is like a little bit of a 50 50 for me not quite sure yet to see this area 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 utilize and you do not even have to top up you can simply utilize the virtual portfolio at first just to see what you think discover the platform and after that decide on whether you want to use 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.