User-Friendly Platform Educational Resources Social Trading Features
Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

Start your Aluminum trading journey on eToro by signing in or registering. Head to "Discover", choose "Commodities", and click "Aluminum". Decide to "BUY" or "SELL", enter the amount or number of units you want to trade, fine-tune your trading parameters, and then press "Open Trade".

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.

 

Insight

I wanted to diversify my commodity portfolio, and when I started browsing other interesting options on the platform, Aluminum (some people call it Alimunium) stood out. Its importance in industries like aviation and electronics and its resilient historical performance piqued my interest. Over time, I've seen how global trends can impact its price, making every investment a learning experience.

I'd like to share my experience trading this asset on the eToro app, a process equally applicable to the web-based platform. It's important to note that trading Aluminum here involves CFDs (Contract for Difference), which offer a user-friendly and cost-effective approach to commodity trading. Unlike direct stock trading, an Aluminum CFD tracks the price of Aluminum without representing actual ownership of the metal.

 

Steps to Trading Aluminum CFDs

1. Setting Up or Logging Into Your eToro Account

Firstly, ensure your eToro account is verified and funded. My own signup experience was seamless. A tip for security: choose a strong password and enable two-factor authentication for added peace of mind.

 

2. Finding Aluminum on eToro

To locate Aluminum, simply use the platform's search feature, conveniently located at the top of the user interface. Type "Aluminum" and it should appear prominently in the results.

 

3. Deciding to Buy or Sell

This step involves choosing your trading position: Buy (go long) if you predict an increase in Aluminum prices, or Sell (go short) if you anticipate a decrease.

Buying aluminum on eToro
Buying aluminum on eToro

4. Setting Investment Parameters

The minimum investment for Aluminum and other eToro commodities is $1,000. Leverage can be used to enhance market exposure, but it requires caution as it amplifies both potential gains and losses. The maximum leverage depends on the entity managing your account, ranging from x10 to x100. Beginners should consider starting with lower eToro leverage. Setting Stop Loss and Take Profit limits is also advisable for effective risk management.

Setting aluminum trading parameters on eToro
Setting aluminum trading parameters on eToro

5. Executing the Trade

After setting your trade parameters, press the "Open Trade" button to initiate your eToro Aluminum trade. It's crucial to monitor your position to observe market trends and ultimately determine the profitability of your trade.

Executing eToro Aluminum trade order
Executing eToro Aluminum trade order

📊 Quick tip: Diversify!

Diversification has been my mantra. While I'm passionate about aluminum, I've spread my investments across commodities. Regularly engaging with the eToro community has also provided invaluable insights.

 

Conclusion

This personal experience of investing in aluminum on eToro has been filled with learnings, excitement, and growth. While it's a platform that offers numerous opportunities, remember to invest wisely, educate yourself continuously, and never be afraid to seek advice from the community (remember, it's a social investment network).

 

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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76% of retail investor accounts lose money