the consensus remains in terms of our analysts stating to buy to hold to sell the stock all the scores where it’s originated from Etoro Vs Revolut Stocks…
so i think there’s a great deal of interest 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 benefits and drawbacks the things that i believe are good about the platform and the important things i think are bad about the platform and then you can make a decision on whether or not you want 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 like this it’s got a whole page for each of the stocks just telling you what analysts are stating and doing about the stock so you can see here for instance 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 purchasing or offering and the insider deals as well so it simply shows you whether experts have bought the shares um over the last couple of months or not i think this is definitely terrific and displayed in a really simple format so for me this is a big plus for the platform a second substantial plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective but i think this decreases your foreign exchange risk so in theory you could simply top up a larger amount when the currency remains in your favor and simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx costs whenever that you make a transaction whereas here that doesn’t occur you simply pay the fx charge
What is social trading?
when you top up and when you withdraw and convert back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it offers you access not simply to stocks however also to products and cryptocurrency obviously this isn’t really something that newbies ought to meddle however 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 talk to individuals discuss post see what people are publishing about each individual stock almost have like conversations about it and you can in fact look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are investing in consisting of the popular traders you can see the profits they’ve made and whatever it is extremely transparent and i think it’s truly good due to the fact that you typically get like alerts stating thus lots of people are talking about tesla right now like see all the posts
here and it’s truly 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 alternatives i believe i’ve pointed out prior to 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 before however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s kind of like an etf in my viewpoint um it’s really cool and i believe it’s a substantial plus of the platform since they’ve got loads of different themes of these portfolios um that you can choose from so that’s a big plus for me the last pro from my perspective is it’s just got an actually good layout dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have a truly really great desktop variation it looks actually clean easy to use i didn’t actually have any concerns with determining 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 study you can click the news and it will simply tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks tidy and really nice and in fact has a great deal of information on the primary portfolio page which i really like now for the cons i think there are three main cons in regards to in my viewpoint 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 however ones to be knowledgeable about the very first one i believe it is a little bit too easy to trade cfds so because the cfd platform and the normal trading platform are incorporated into one it makes it rather easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is really excellent which’s basically among the main reasons that i do utilize them so it’s not really something to worry about inadvertently doing but i generally think that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail investors i know several people who have actually lost rather a great deal of cash um not on in fact however still trading cfds so i believe typically there ought to most likely be a bit more it’s going to say regulation but just generally a little more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that comes up a lot when i talk about is individuals complaining about the fees now yes whilst you might compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater charges so swings and roundabouts really it all 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 just going to be securing like a thousand pounds at a time then does it actually matter most likely not so just weigh that up um when you when you look at it there’s a few other fees on their charge page however usually the actual investing into stocks is commission totally free so as soon as you’ve topped up you can do as many deals as you desire in terms of buying underlying assets without paying extra fees and lastly the last con from me is the portfolio history so i discover it a little bit hard to find out sort of what i’ve invested where i have to go into each private stock simply to see when i’ve 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 investments if possible and likewise i have actually still not truly found out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to watch this space that’s practically it if you are interested in providing a go i do have a recommendation link down below that you can utilize and you do not even need to top up you can simply utilize the virtual portfolio at first simply to see what you believe find out the platform and after that make a decision on whether you want to utilize it or not so i ‘d enjoy to know your ideas if you do try it out what you think about it and yeah that’s practically it for th.