the agreement remains in terms of our experts saying to buy to hold to sell the stock all the ratings where it’s come from Etoro Vs Tastyworks…
so i believe there’s a lot of curiosity about i do get a great deal of concerns asking me about the platform so i thought i would do a fast video just taking you through the advantages and disadvantages the important things that i think are great about the platform and the important things i think are bad about the platform and after that you can make a decision on whether or not you want to try let’s dive straight in so the very first big pro for me is the fact that they have analyst ratings and research study i absolutely enjoy this it’s got a whole page for each of the stocks simply telling you what analysts are doing and stating about the stock so you can see here for instance on johnson and johnson what it appears like it offers you the price 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 expert transactions also so it just reveals you whether insiders have purchased the shares um over the last few months or not i think this is definitely excellent and shown in a really simple format so for me this is a substantial plus for the platform a second substantial plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective however i think this decreases your foreign exchange threat so in theory you could simply top up a bigger amount when the currency is in your favor and just hold the cash waiting to invest it for a great deal of the platforms you have to pay the fx charges 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 transform back to your own currency this obviously works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it offers you access not just to stocks but also to commodities and cryptocurrency certainly this isn’t actually something that beginners need to meddle but it does have that choice for those of you who have an interest in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally enter and speak with people discuss post see what individuals are posting about each individual stock nearly have like conversations about it and you can really take a look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are buying including the popular traders you can see the earnings they’ve made and everything it is extremely transparent and i believe it’s really great since you often get like notices saying like so lots of people are talking about tesla today like see all the posts
here and it’s really cool simply to see what individuals are believing the next pro of the platform is in my opinion the copy portfolios so they have 2 choices i think i have actually 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 have actually discussed this prior to however they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s kind of like an etf in my viewpoint um it’s truly cool and i think it’s a huge 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 viewpoint is it’s just got a truly nice design control panel and the method it’s established so unlike the other platforms that i use at the moment they have a really really good desktop version it looks really clean easy to use i didn’t actually have any problems with figuring out what to do i like that for each stock you can go in and see whatever in one location you understand you can click
on the chart you can click on the research study you can click the news and it will simply inform you all the news about that particular stock it’s really cool and also your portfolio simply looks clean and really good and in fact has a lot of data on the primary portfolio page which i really like now for the cons i believe there are three main 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 use them myself but ones to be aware of the very first one i believe it is a little bit too easy to trade cfds so due to the fact that the cfd platform and the regular trading platform are integrated into one it makes it rather simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and mistakenly open a cfd which is truly good which’s pretty much among the primary factors that i do utilize them so it’s not actually something to fret about unintentionally doing but i generally believe that a lot of the platforms that use cfds need to make it even harder to open cfds for retail financiers i know several people who have actually lost quite a great deal of money um not on in fact however still trading cfds so i think generally there need to probably be a little bit more it’s going to state guideline but simply typically 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 costs so this is something that comes up a lot when i speak about is individuals grumbling 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 fees so swings and roundabouts actually everything depends upon the big picture um they have a 5 dollar withdrawal fee is that really 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 securing like a thousand pounds at a time then does it actually 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 charge page but normally the actual investing into stocks is commission totally free so once you’ve topped up you can do as lots of deals as you want in terms of purchasing underlying assets without paying additional costs and lastly the last con from me is the portfolio history so i discover it a bit tough to figure out sort of what i have actually invested where i have to go into each specific stock just to see when i’ve invested into it and 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 truly like to see all of the investments if possible and likewise i’ve still not really found out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to watch this area that’s practically it if you have an interest in providing a go i do have a referral link down below that you can use and you do not even have to top up you can just utilize the virtual portfolio initially simply to see what you believe find out the platform and then decide on whether you want to utilize it or not so i ‘d like to know your ideas if you do try it out what you consider it and yeah that’s practically it for th.