the agreement is in regards to our experts saying to purchase to hold to sell the stock all the ratings where it’s originated from Etoro Vs Coinbase Reddit…
I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i thought i would do a quick video simply taking you through the pros and cons the things that i think are good 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 directly in so the first big pro for me is the fact that they have expert ratings and research i definitely enjoy this it’s got a whole page for each of the stocks simply telling you what experts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers you the cost 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 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 believe this is absolutely fantastic and displayed in a truly easy format so for me this is a huge plus for the platform a second big plus for me is the truth 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 quantity when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you need to pay the fx charges whenever that you make a transaction whereas here that does not happen 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 however also to products and cryptocurrency undoubtedly this isn’t truly something that novices must meddle but 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 element of the platform so you can literally enter and talk to individuals comment on post see what people are posting about each private stock nearly have like discussions about it and you can really look at people’s portfolios so you can go into anybody’s profile click their portfolio and see what they are investing in consisting of the popular traders you can see the earnings they’ve made and everything it is really transparent and i believe it’s truly excellent since you typically get like notifications saying thus many people are discussing tesla today like see all the posts
here and it’s truly 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 have actually mentioned 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 have actually talked about this before however they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s kind of like an etf in my opinion um it’s really 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 huge plus for me the last pro from my perspective is it’s just got a really nice layout dashboard and the method 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 truly tidy easy to use i didn’t actually have any issues with figuring out what to do i like that for each stock you can enter and see whatever 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 simply tell you all the news about that specific stock it’s really cool and likewise your portfolio just looks tidy and actually great and actually has a lot of data on the main portfolio page which i truly like now for the cons i believe there are 3 primary cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i’ve done portfolio updates i use them myself however ones to be aware of the very first one i think it is a little bit too simple to trade cfds so since the cfd platform and the typical trading platform are integrated into one it makes it rather easy for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and inadvertently open a cfd which is really great which’s basically among the primary reasons that i do use them so it’s not really something to fret about inadvertently doing however i normally believe that a great deal of the platforms that use cfds ought to make it even harder to open cfds for retail financiers i understand many individuals who have actually lost quite a lot of cash um not on really however still trading cfds so i believe usually there ought to most likely be a bit more it’s going to say policy but just typically a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the costs so this is something that comes up a lot when i talk about is people complaining about the charges now yes whilst you may compare to particular platforms that have lower fees there are likewise loads of platforms that have much greater fees 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 maybe if you’re continuously withdrawing l.
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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 taking out 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 take a look at it there’s a couple of other fees on their fee page but typically the real investing into stocks is commission free so once you’ve topped up you can do as lots of transactions as you desire in regards to buying underlying possessions without paying extra costs and finally the last con from me is the portfolio history so i find it a little bit tough to determine sort of what i’ve invested where i have to go into each specific stock simply to see when i’ve invested into it and just 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 really like to see all of the investments if possible and also i have actually still not truly figured out the dividends and how that shows up so that possibly resembles a bit of a 50 50 for me not quite sure yet to see this space that’s basically 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 need to top up you can just utilize the virtual portfolio at first simply to see what you believe discover the platform and then make a decision on whether you want to utilize it or not so i ‘d enjoy to know your thoughts if you do try it out what you think about it and yeah that’s basically it for th.