Palladium, though less renowned than gold or silver, maintains its allure as an investment in the commodities market. Predominantly extracted from the depths of Russia and South America, its primary use is in manufacturing catalytic converters for vehicles, consuming over 70% of its global supply. Beyond automotive applications, palladium's unique properties find use in crafting aircraft spark plugs, minting coins, and manufacturing surgical instruments, jewelry, and fuel cells.
For those without access to a reliable palladium supplier, the preferred method of investment is through the stock market. Increasingly, investors are turning to social-trading apps like eToro's CFD trading platform. This platform not only facilitates stock market trades but also offers opportunities to invest in precious metals, including palladium. If you're interested in understanding the intricacies of trading palladium, I've prepared a detailed guide, complemented by my personal insights.
51% 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.
When trading palladium on eToro, you engage in CFDs (Contracts for Difference) rather than owning the metal physically. CFD trading appeals to me because it allows speculative trading based on the commodity market's movements without the need for physical possession. Crypto CFDs/ Leverage trading is restricted for users under FCA.
Having traded this asset on eToro several times, I've identified numerous benefits:
Upon visiting the Palladium asset page on eToro, you're directed to the Overview section. This default area displays several key elements:
The eToro platform offers integrated tools that I found particularly useful for trading Palladium:
To trade Palladium, search for the asset, select "BUY" or "SELL", input your investment amount, set your trade preferences, and execute the trade.
That's everything you need to know to trade Palladium on eToro, whether using their web platform or mobile app. Remember these insights and apply them 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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 hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
51% 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.
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