the consensus remains in regards to our experts stating to buy to hold to offer the stock all the rankings where it’s originated from Saxo Vs Etoro…
I believe 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 fast video simply 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 want to provide it a go let’s jump straight in so the very first big pro for me is the reality that they have analyst rankings and research study i absolutely enjoy this it’s got an entire page for each of the stocks simply informing you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it provides 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 offering or purchasing and the insider transactions too so it simply shows you whether experts have actually bought the shares um over the last couple of months or not i think this is absolutely fantastic and shown in a truly easy format so for me this is a substantial plus for the platform a second substantial plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i believe this reduces your forex threat so in theory you might simply top up a bigger amount when the currency is in your favor and simply hold the cash waiting to invest it for a lot of the platforms you have to pay the fx costs whenever that you make a deal whereas here that doesn’t happen you just pay the fx charge
What is social trading?
when you top up and when you withdraw and convert back to your own currency this certainly works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it offers you gain access to not just to stocks however also to products and cryptocurrency certainly this isn’t actually something that newbies should dabble in however it does have that option for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally go in and speak with individuals discuss post see what individuals are publishing about each individual stock nearly have like conversations about it and you can actually 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 have actually made and whatever it is really transparent and i think it’s actually excellent due to the fact that you typically get like notifications stating thus many individuals are speaking about tesla today like see all the posts
here and it’s really cool just to see what people are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have two alternatives i believe i’ve 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 spoken about this before however they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i think it’s a big plus of the platform since they’ve got loads of various styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my point of view is it’s simply got a really great design control panel and the method it’s established so unlike the other platforms that i usage at the moment they have a really really good desktop version it looks truly clean easy to use i didn’t truly have any problems with figuring out what to do i like that for each stock you can go in and see everything 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 tell you all the news about that specific stock it’s really cool and also your portfolio simply looks clean and truly good and in fact has a lot of data on the primary portfolio page which i actually like now for the cons i think there are 3 primary cons in terms of in my opinion 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 but ones to be familiar with the first one i believe it is a bit too easy to trade cfds so since the cfd platform and the regular trading platform are incorporated into one it makes it rather 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 accidentally open a cfd which is truly good which’s basically among the main reasons that i do use them so it’s not really something to worry about accidentally doing however i generally think that a great deal of the platforms that provide cfds need to make it even harder to open cfds for retail investors i know many people who have actually lost quite a lot of cash um not on in fact but still trading cfds so i believe generally there should probably be a little bit more it’s going to say policy but just typically 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 comes up a lot when i discuss is individuals grumbling about the fees now yes whilst you might compare to certain platforms that have lower costs there are also loads of platforms that have much greater costs so roundabouts and swings really everything depends upon the big picture um they have a 5 dollar withdrawal charge is that really that much perhaps if you’re constantly 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 just going to be taking out like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you look at it there’s a few other costs on their charge page however generally the real investing into stocks is commission totally free so as soon as you have actually topped up you can do as lots of transactions 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 challenging to figure out sort of what i’ve invested where i have to go into each specific stock simply to see when i have actually 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’ve still not actually figured out the dividends and how that shows up so that possibly is like a bit of a 50 50 for me not quite sure yet to view this area that’s pretty much it if you have an interest in giving them a go i do have a recommendation link down listed below that you can use and you do not even have to top up you can simply use the virtual portfolio at first just to see what you think learn the platform and then make a decision on whether you wish 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 practically it for th.