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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

First Glance

Aluminum, though not as glamorous as Gold or Silver, is the most abundant precious metal in the Earth's crust and a key investment commodity. Its significance in industries like construction, industrial manufacturing, and housing makes it a reliable hedge against inflation and deflation. The demand-driven nature of aluminum makes its market trends more predictable compared to other precious metals. Excitingly, aluminum is also available for trading on eToro's platform. For those interested in exploring the details and gaining insights from my personal experience, stay tuned for the comprehensive guide I've prepared.

Trade Aluminum!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Trading Aluminum via CFD

It's important to understand that trading aluminum on eToro involves dealing with Contracts for Differences (CFDs) rather than physically owning the metal. The allure of CFD trading lies in its speculative nature, allowing traders to capitalize on market movements without the need for physical possession.

 

Why I Prefer Trading Aluminum on eToro

Having traded aluminum on eToro several times, I've discerned numerous advantages worth highlighting:

  • User-friendly Interface: Navigating and trading on the platform is straightforward and intuitive.
  • Flexible Trading Schedule: eToro accommodates trading according to your personal schedule.
  • No Transaction Fees on Commodity Trades: This feature makes trading more cost-effective.
  • Leverage Opportunities: eToro's leverage options enable larger trade positions with smaller capital commitments.

 

The Aluminum Asset Page on eToro

Upon accessing eToro's Aluminum asset page, you're greeted by the Overview section, the default landing area showcasing essential elements:

  • Graph: Displays the asset's performance over time.
  • About: Provides brief information about the aluminum asset.
  • Latest News: Updates relevant to Aluminum, curated by CityFALCON.
  • People Also Bought: Highlights other popular eToro commodities invested in by traders.
  • Copy Investors: Lists top traders in aluminum investments. Clicking the "Copy" button next to a trader redirects you to the copy trading window.
  • Discussions: Features posts and conversations from traders interested in Aluminum. You can filter to view top or all discussions and interact by liking, commenting, or sharing posts.
eToro Aluminum trading page
eToro Aluminum trading page

 

Tools for Trading Aluminum

eToro's platform offers integrated tools that enhance the trading experience:

  • Chart: A live chart of the underlying asset with customizable time gaps from 1 minute to 1 week.
  • News: Displays the latest updates about aluminum, also sourced from CityFALCON, including the mood of the news (positive, negative, or neutral) and a Sentiment Trends section that quantifies market sentiment over a 30-day period.

 

Trading Aluminum on eToro

To begin trading, search for the aluminum asset, choose between "BUY" or "SELL," input your investment amount, set your trade preferences, and execute the trade.

Buying Aluminum on eToro
Buying Aluminum on eToro

 

Final Word

This guide covers the essentials for trading Aluminum on eToro, whether through the web platform or their mobile app. Remember to apply these tips wisely in your online trading endeavors.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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