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

To trade EURUSD on eToro, first login or create an eToro account. Then, search for "EURUSD" in the search bar, select the EURUSD result under the Markets category, and click the "Trade" button. Depending on your market outlook, choose either "BUY" or "SELL". Input the amount or number of units you wish to trade, set your stop-loss, leverage, and take-profit preferences, and then click "Open Trade".

Trade EURUSD!

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

Trading the EURUSD currency pair, one of the most liquid and popular forex pairs, can be both exhilarating and profitable for those who understand the dynamics between the Euro and the US Dollar. eToro offers an efficient platform for individuals looking to delve into forex trading. With this guide, I aim to simplify the steps for eToro EURUSD trading .

 

Step 1: Login to eToro or sign-up if you still don't have an account.

For those new to eToro, begin by setting up an account on their platform. Visit their website or mobile app to register. For existing users, simply log in to your account.

 

Step 2: Enter "EURUSD" on the search bar, locate the EURUSD result under the Markets category, and hit the associated "Trade" button.

Upon accessing your account, utilize the search bar and input "EURUSD". From the results, identify EURUSD listed under the Markets category. Once located, tap the "Trade" button next to it.

 

Step 3: Choose "BUY" or "SELL" depending on how you wish to trade.

Based on your market analysis and predictions, select either "BUY" if you anticipate the EUR to appreciate against the USD or "SELL" if you expect it to depreciate.

eToro EURUSD trading page
eToro EURUSD trading page

Step 4: Enter an amount or the number of units you wish to trade.

Specify the amount you're keen to invest or the number of currency units you'd like to trade.

Entering eToro EURUSD trade amount
Entering eToro EURUSD trade amount

Step 5: Set the stop loss, leverage, and take profit parameters.

Configure your trading settings, including setting a eToro stop loss to limit potential losses, choosing your leverage ratio, and determining your take-profit point. If you're unsure about these settings, consider deepening your research or consulting a financial expert.

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

Step 6: Click "Open Trade".

With everything in place, hit the "Open Trade" button. Congratulations! You've initiated an eToro forex trade on the EURUSD pair.

Executing eToro EURUSD trade
Executing eToro EURUSD trade

 

Summing It Up

eToro's platform is designed with both beginners and seasoned traders in mind, offering a smooth and user-friendly experience. So, if you're contemplating trading the EURUSD pair, eToro is an excellent place to start. Best of luck in your 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 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.

Read More
wikitoro author strip image

76% of retail investor accounts lose money