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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

If you want to trade AUDUSD on eToro, first login or create an eToro account. Then, enter "AUDUSD" in the search bar, locate the AUDUSD listing under the Markets category, and tap the "Trade" button. Based on your market perspective, select "BUY" or "SELL". State the amount or the number of units you're interested in trading, adjust your stop-loss, leverage, and take-profit options, and then press "Open Trade".

Trade AUDUSD!

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.

 

An Intro to Trading AUDUSD on eToro

Diving into the AUDUSD forex pair, a notable and frequently traded currency pairing, provides intriguing prospects given the interplay between the Australian Dollar and the US Dollar. eToro's platform is a haven for those with a zest for forex trading. This guide demystifies the steps for trading the eToro AUDUSD asset.

If you're a beginner, then you're in luck because I made sure that this guide is written in the simplest way possible, so you're in good hands.

 

Step 1: Begin by accessing eToro or registering if you're new to the platform.

If eToro is new terrain for you, kick off by setting up an account on their platform. Either hop onto their website or their mobile app to start the registration. For existing members, logging in is all it takes.

 

Step 2: Type "AUDUSD" in the search bar, spot the AUDUSD option under the Markets category, and initiate the "Trade" button.

Once you're in, harness the search function and input "AUDUSD". Sift through the results and find the AUDUSD listing in the Markets segment. Upon spotting it, click the adjacent "Trade" button.

 

Step 3: Opt for "BUY" or "SELL" following your market evaluation.

From your analysis, choose "BUY" if you anticipate the AUD strengthening against the USD, or "SELL" if you predict a descent.

eToro AUDUSD trading page
eToro AUDUSD trading page

Step 4: Enter the amount or specify the currency units you're aiming to trade.

Indicate your desired investment sum or specify the volume of currency units you're gearing up to trade.

Entering eToro AUDUSD trade amount
Entering eToro AUDUSD trade amount

Step 5: Set your stop-loss, leverage, and take-profit based on your preferences.

Calibrate your eToro forex trading settings: set a protective stop-loss, decide on the leverage scale, and mark your optimal take-profit threshold. If this feels a tad overwhelming, expanding your trading knowledge or connecting with a financial guru can be beneficial.

Setting AUDUSD stop loss, leverage and take profit
Setting AUDUSD stop loss, leverage and take profit

Step 6: Press "Open Trade".

Once you've aligned your parameters, give the "Open Trade" button a nudge. Bravo! You're now actively trading the AUDUSD pair on eToro.

Executing eToro AUDUSD trade
Executing eToro AUDUSD trade

 

Wrapping Things Up

eToro's platform gracefully accommodates both novice and adept traders, ensuring a coherent and user-friendly trading journey. If you're mulling over trading the AUDUSD pair or exploring other forex opportunities, then be sure to explore eToro because this is no doubt a prime contender. Cheers to a successful trading escapade!

 

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