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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

Introduction

Nickel, a key industrial commodity since the 19th-century steel-making revolution, offers a solid investment opportunity. Its enduring high demand, coupled with a stable supply, makes it an attractive option for investors.

The interest in nickel has surged, especially following endorsements from industry leaders like Elon Musk, CEO of Tesla. Musk highlighted the critical role of nickel in manufacturing electric vehicles. This precious metal is not only in high demand but is also available for trading on platforms like eToro. For a detailed understanding, I've prepared a guide complete with my personal insights, which you may find valuable.

Trade Nickel!

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 Nickel via CFDs

It's important to note that trading nickel on such platforms involves dealing in CFDs (Contracts for Difference), not in the physical metal. The allure of CFD trading lies in its ability to speculate on commodity market movements without the need for physical ownership.

 

Why I Prefer Trading Nickel on eToro?

Having traded this asset on eToro on several occasions, I've observed numerous benefits:

  • User-friendly interface: eToro's platform is intuitive and easy to navigate.
  • Flexible trading schedule: Trade at your convenience, fitting your personal schedule.
  • Zero transaction fees on commodity trades: This makes trading more cost-effective.
  • Leverage options: eToro's leverage allows for larger position openings with smaller capital commitments.

 

The Nickel Asset Page on eToro

Upon accessing eToro's Nickel asset page, you'll land on the 'Overview' section, the default view offering several key elements:

  • Graph: Displays the asset's performance over time.
  • About: Provides brief information about the Nickel asset.
  • Latest News: Delivers the most recent Nickel-related news, courtesy of CityFALCON.
  • People Also Bought: Highlights other eToro commodities popular among traders.
  • Copy Investors: Lists top-performing traders in Nickel investments. Clicking the "Copy" button next to a trader's name opens their copy trading window.
  • Discussions: Here, traders engage in conversations about Nickel. You can filter to see top or all discussions and interact by liking, commenting, or sharing posts.
eToro Nickel trading page
eToro Nickel trading page

 

Tools for Trading Nickel on eToro

The platform offers integrated tools that enhance the trading experience:

  • Chart Tool: Provides a live chart of the asset, with time gaps ranging from 1 minute to 1 week.
  • News Tool: Keeps you updated with the latest commodity news from CityFALCON, including sentiment indicators showing if the news mood is positive, negative, or neutral. The 'Sentiment Trends' section further quantifies news sentiments, displaying a 30-day average sentiment with top stories for each day.

 

Trading Nickel on eToro

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

Buying Nickel on eToro
Buying Nickel on eToro

 

Conclusion

That concludes the essential aspects of trading Nickel on eToro, whether using their web-based platform or mobile app. Keep these insights in mind to enhance your online trading experience.

 

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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Embark on a journey of trading Nickel on eToro with our comprehensive guide. From setting up an account to expert trading tips, discover everything you need for a successful venture.

76% of retail investor accounts lose money