the consensus remains in terms of our experts saying to buy to hold to offer the stock all the scores where it’s come from Etoro Vs Trading 212…
I believe there’s a lot of curiosity 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 pros and cons the things that i believe are excellent about the platform and the things i believe are bad about the platform and then you can make a decision on whether or not you want to provide it a go let’s dive directly in so the first big pro for me is the truth that they have analyst ratings and research i definitely like this it’s got a whole page for each of the stocks just informing you what analysts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it gives 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 purchasing or offering and the expert deals too so it just reveals you whether insiders have bought the shares um over the last couple of months or not i think this is definitely great and displayed in an actually simple format so for me this is a substantial plus for the platform a 2nd substantial plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange risk so in theory you could simply top up a larger 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 every time that you make a transaction whereas here that doesn’t occur you simply pay the fx cost
What is social trading?
when you top up and when you withdraw and convert back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it gives you gain access to not just to stocks but likewise to commodities and cryptocurrency clearly this isn’t really something that novices must dabble in but it does have that alternative 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 actually enter and speak to people discuss post see what individuals are posting about each private stock almost have like discussions about it and you can in fact take a look at individuals’s portfolios so you can go into anybody’s profile click on their portfolio and see what they are buying consisting of the popular traders you can see the revenues they have actually made and whatever it is extremely transparent and i believe it’s really excellent due to the fact that you typically get like notifications stating like so lots of people are talking about tesla today like see all the posts
here and it’s truly cool just to see what individuals are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 options i believe i have actually pointed out before 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 spoken about this before but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s truly cool and i believe it’s a substantial plus of the platform because they have actually got loads of different styles of these portfolios um that you can select from so that’s a huge plus for me the final pro from my point of view is it’s just got a really nice layout dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have an actually actually nice desktop version it looks truly clean easy to use i didn’t really have any concerns with figuring 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 actually cool and likewise your portfolio just looks clean and really nice and in fact has a lot of information on the primary 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 put me off using the platform um you understand i have actually done portfolio updates i use them myself but ones to be knowledgeable about the very first one i think it is a bit too easy to trade cfds so since the cfd platform and the typical trading platform are integrated into one it makes it quite easy for people 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 truly excellent which’s basically one of the primary factors that i do utilize them so it’s not truly something to fret about accidentally doing but i usually think that a lot of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i know many people who have actually lost quite a great deal of money um not on really but still trading cfds so i think generally there should most likely be a little bit more it’s going to state regulation however simply usually 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 costs so this is something that shows up a lot when i discuss is individuals complaining about the fees now yes whilst you may compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater charges so swings and roundabouts really everything depends on the big picture um they have a 5 dollar withdrawal cost is that really that much maybe 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 taking out like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you look at it there’s a few other charges on their fee page however normally the actual investing into stocks is commission complimentary so as soon as you have actually topped up you can do as lots of transactions as you desire in regards to buying underlying possessions without paying extra costs and lastly the last con from me is the portfolio history so i discover it a bit challenging to figure out sort of what i have actually invested where i have to go into each individual 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 really like to see all of the investments if possible and also i’ve still not truly found out the dividends and how that appears so that possibly resembles a little a 50 50 for me not quite sure yet to see this space that’s basically it if you have an interest in providing a go i do have a recommendation link down below that you can use and you don’t even have to top up you can just use the virtual portfolio initially simply to see what you think discover the platform and after that decide on whether you wish to use it or not so i ‘d love to understand your ideas if you do try it out what you think about it and yeah that’s practically it for th.