the agreement is in regards to our analysts saying to buy to hold to offer the stock all the scores where it’s originated from Is Trading On Etoro Safe…
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 just taking you through the pros and cons the things that i believe are great about the platform and the things i believe 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 first big pro for me is the truth that they have expert rankings and research i definitely enjoy 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 offers you the rate 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 insider deals also so it just reveals you whether insiders have actually purchased the shares um over the last couple of months or not i think this is definitely great and shown in a really simple format so for me this is a substantial plus for the platform a 2nd huge plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective however i believe this lessens your foreign exchange danger so in theory you could simply top up a bigger quantity when the currency is in your favor and simply hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx fees whenever that you make a transaction whereas here that doesn’t occur you just pay the fx charge
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when you top up and when you withdraw and transform back to your own currency this certainly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it provides you access not just to stocks however likewise to commodities and cryptocurrency undoubtedly this isn’t truly something that beginners 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 enter and talk with individuals discuss post see what people are posting about each individual stock practically have like conversations about it and you can actually look at individuals’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the earnings they’ve made and whatever it is very transparent and i believe it’s really great since you frequently get like alerts saying thus lots of people are speaking about tesla today like see all the posts
here and it’s really cool just to see what people are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have two options i believe i have actually pointed out before you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this before however they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s actually cool and i believe it’s a huge plus of the platform since 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 just got a really nice layout control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a really truly nice desktop version it looks really clean easy to use i didn’t actually have any concerns with finding out what to do i like that for each stock you can go in and see everything in one place you understand you can click
on the chart you can click the research you can click the news and it will just tell you all the news about that specific stock it’s truly cool and also your portfolio just looks really nice and tidy and actually has a great deal of information on the main portfolio page which i truly like now for the cons i think there are three primary cons in regards to in my opinion plainly they’re not ones that have 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 first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the normal trading platform are integrated into one it makes it quite simple for individuals to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and mistakenly open a cfd which is actually good and that’s basically one of the main factors that i do utilize them so it’s not really something to fret about mistakenly doing however i typically believe that a great deal of the platforms that provide cfds should make it even harder to open cfds for retail investors i understand numerous individuals who have actually lost quite a lot of money um not on actually but still trading cfds so i believe normally there must probably be a little bit more it’s going to state regulation but just usually a little bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that shows up a lot when i talk about is individuals complaining about the charges now yes whilst you may compare to particular platforms that have lower fees there are also loads of platforms that have much higher charges so swings and roundabouts truly all of it depends upon the big picture um they have a 5 dollar withdrawal charge is that truly that much maybe if you’re constantly 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 just going to be taking out like a thousand pounds at a time then does it truly matter most likely not so simply weigh that up um when you when you look at it there’s a few other costs on their charge page but normally the real investing into stocks is commission totally free so once you have actually topped up you can do as numerous transactions as you want in regards to purchasing underlying possessions without paying additional charges and lastly the last con from me is the portfolio history so i find it a bit tough to find out sort of what i’ve invested where i need to go into each specific 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 truly like to see all of the investments if possible and also i’ve still not really determined the dividends and how that shows up so that potentially resembles a bit of a 50 50 for me not quite sure yet to enjoy this space that’s practically it if you have an interest in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can simply use the virtual portfolio initially simply to see what you believe find out the platform and then decide on whether you wish to use it or not so i ‘d like to understand your thoughts if you do try it out what you consider it and yeah that’s basically it for th.