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Wikitoro author Nick Zelver Written by Nick Zelver
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

Getting Started

Copper, a versatile and vital metal, has been central to human progress ever since its properties and applications were discovered. It's essential in numerous sectors, such as home plumbing and power generation, earning its status as the world's third most used metal. Given its widespread use and large-scale global demand, copper remains a highly sought-after commodity in international markets.

One prominent method to trade or invest in copper is through CFD (Contracts-for-Difference) trading. This derivative allows traders and investors to speculate on copper's value without owning physical assets like ETFs, bullions, options, futures, or mining shares. Notably, copper is also tradable on the eToro trading platform. For detailed insights and personal experiences with copper trading, don't miss the comprehensive guide I've prepared.

Trade Copper!

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 Copper via CFD

It's important to understand that trading copper on eToro means dealing with CFDs, not the physical metal itself. The allure of CFD trading lies in its ability to allow speculative trading on commodity market movements without the need for physical ownership.

 

Why I Prefer Trading Copper on eToro

Having traded copper on eToro several times, I've identified numerous benefits of using this platform:

  • User-friendly interface: eToro's design makes it accessible and easy to navigate.
  • Flexible trading schedule: Trade on your own time, fitting your personal and professional life.
  • No transaction fees for commodity trades: This feature enhances the cost-effectiveness of trading.
  • Leverage options: eToro offers the ability to open larger positions while committing a smaller capital, enhancing potential returns.

 

The Copper Asset Page

Navigating to the Copper asset page on eToro leads you directly to the Overview section. This default view presents various elements:

  • Graph: Displays the performance of the copper asset over time.
  • About: Offers a brief description of the copper asset.
  • Latest News: Features the most recent news about copper, sourced from CityFALCON.
  • People Also Bought: Shows other eToro commodities that traders are currently investing in.
  • Copy Investors: Lists top-performing traders in copper. Clicking the "Copy" button beside a trader's name opens the copy trading window.
  • Discussions: Here, traders share posts and engage in conversations about copper. You can filter to view top discussions or all discussions, and participate by liking, commenting, or sharing posts.
eToro Copper trading page
eToro Copper trading page

 

Tools for Trading

eToro's integrated tools enhance the trading experience:

  • Chart: Offers a live chart of the copper asset, adjustable to display time gaps from 1 minute to 1 week.
  • News: The platform updates with the latest commodity news, again powered by CityFALCON. News items are marked with a mood indicator (positive, negative, or neutral). The "Sentiment Trends" section quantifies news sentiment, displaying a 30-day average sentiment chart along with daily averages and top stories.

 

Trading Copper on eToro

To trade copper, search for the asset, select "BUY" or "SELL," enter your investment amount, set your trading preferences, and execute the trade.

Buying Copper on eToro
Buying Copper on eToro

 

Conclusion

That concludes the essentials for trading copper on eToro, whether using the web platform or mobile app. Keep these tips in mind for an informed and strategic approach to 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 Nick Zelver About Nick Zelver

Nick is the Senior Content Editor at Wikitoro.org with over 15 years in online marketing. A graduate of Toronto Metropolitan University, he has strategized for More Sales Inc. and led online sales at GlassesUSA.com. His journey through digital marketing, e-commerce, and account management has equipped him with a unique perspective. Every article he pens is infused with his real-world experiences, aiming to guide and inform readers.

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76% of retail investor accounts lose money