the consensus is in regards to our analysts stating to purchase to hold to offer the stock all the rankings where it’s come from Trading 121 Vs Etoro…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a quick video just taking you through the pros and cons the things that i think are excellent about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you desire to give it a go let’s jump straight in so the very first huge pro for me is the truth that they have analyst scores and research study i absolutely enjoy this it’s got a whole page for each of the stocks simply telling you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost 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 purchasing and the insider transactions also so it simply shows you whether insiders have bought the shares um over the last couple of months or not i believe this is absolutely fantastic and shown in an actually simple format so for me this is a substantial plus for the platform a 2nd big 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 lessens your foreign exchange threat so in theory you could simply top up a bigger quantity when the currency remains in your favor and just hold the money waiting to invest it for a lot of the platforms you need to pay the fx costs each time that you make a deal whereas here that doesn’t occur you just pay the fx cost
What is social trading?
when you top up and when you withdraw and convert back to your own currency this clearly works finest if you invest a lot into u.s stocks the 3rd big pro of the platform in my viewpoint is that it offers you gain access to not simply to stocks however also to commodities and cryptocurrency certainly this isn’t really something that novices must meddle but it does have that alternative for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and speak to people talk about post see what people are publishing about each private stock almost have like conversations about it and you can really look at individuals’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 profits they’ve made and everything it is really transparent and i think it’s truly great because you often get like alerts stating like so many individuals are discussing 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 opinion the copy portfolios so they have 2 alternatives i think i’ve discussed before 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’ve spoken about this before but they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s actually cool and i think it’s a huge plus of the platform since they’ve got loads of various styles of these portfolios um that you can choose from so that’s a huge plus for me the final pro from my point of view is it’s just got a really great layout dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have an actually truly good desktop version it looks really tidy easy to use i didn’t really have any issues with finding out what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click on the research you can click on the news and it will simply tell you all the news about that specific stock it’s truly cool and also your portfolio simply looks truly nice and clean and really has a great deal of data on the main portfolio page which i truly like now for the cons i believe there are 3 main cons in regards to in my opinion plainly they’re not ones that have actually put me off utilizing the platform um you know i’ve done portfolio updates i utilize them myself but ones to be familiar with the first one i think it is a little bit too simple to trade cfds so because the cfd platform and the normal trading platform are integrated into one it makes it quite simple for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and unintentionally open a cfd which is truly excellent which’s basically one of the primary reasons that i do use them so it’s not really something to fret about inadvertently doing however i usually think that a lot of the platforms that use cfds ought to make it even harder to open cfds for retail investors i understand several individuals who’ve lost rather a great deal of cash um not on really but still trading cfds so i believe typically there need to most likely be a bit more it’s going to state policy but simply normally a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the charges so this is something that shows up a lot when i discuss is individuals grumbling about the fees now yes whilst you may compare to specific platforms that have lower charges there are also loads of platforms that have much higher fees so roundabouts and swings really all of it depends upon the big picture um they have a five dollar withdrawal charge is that really that much perhaps if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes perhaps that’s a lot however if you’re investing long term and you’re just going to be getting like a thousand pounds at a time then does it really matter probably not so simply weigh that up um when you when you look at it there’s a few other costs on their fee page but typically the real investing into stocks is commission totally free so once you have actually topped up you can do as lots of deals as you want in terms of buying underlying possessions without paying extra fees and lastly the last con from me is the portfolio history so i find it a bit challenging to figure out sort of what i’ve invested where i have to go into each specific stock just to see when i’ve 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 actually like to see all of the financial investments if possible and likewise i have actually still not actually found out the dividends and how that appears so that possibly is like a little bit of a 50 50 for me not quite sure yet to watch this area that’s pretty much it if you have an interest in providing a go i do have a recommendation link down listed below that you can utilize and you do not even have to top up you can just use the virtual portfolio initially simply to see what you believe learn the platform and after that decide on whether you want to utilize it or not so i ‘d love to understand your thoughts if you do try it out what you think about it and yeah that’s practically it for th.