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

Intro

New Zealand, while not among the largest or most influential nations globally, wields a significant currency in the foreign exchange market. The New Zealand dollar, affectionately termed the "Kiwi" after New Zealand's native flightless bird depicted on the $1 coin, is a major player in global currency pairings. The NZDUSD currency pair, combining the robust US dollar with New Zealand's high-yielding dollar, is a standout in the forex market. This pair, available on eToro's trading platform, offers a unique opportunity for traders. For those interested in the specifics, my guide provides detailed insights and personal experiences with this pair. 

Trade NZDUSD!

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 NZDUSD via CFD

It's important to understand that trading NZDUSD on platforms like eToro involves Contracts for Difference (CFD), not direct currency exchange. CFD trading appeals to me because it allows speculative trading based on forex market movements without the need to physically possess the currencies.

 

Why I Prefer Trading NZDUSD on eToro

Having traded this pair multiple times on eToro, I've identified several advantages:

  • A user-friendly interface simplifies trading.
  • Flexible trading schedule aligns with personal availability.
  • Absence of transaction fees on currency trades enhances profitability.
  • Leverage options enable larger trades with smaller capital commitments.

 

The NZDUSD Asset Page

Navigating to the NZDUSD asset page on eToro brings you to the Overview section, the default area showcasing key elements:

  • Graph: Displays the asset's performance history.
  • About: Offers concise information about the NZDUSD pair.
  • Latest News: Updated news relevant to the pair, sourced from CityFALCON.
  • People Also Bought: Suggests other popular currency pairs among traders.
  • Copy Investors: Lists top traders in this pair, with an easy-to-use "Copy" button that leads to the copy trading window.
  • Discussions: A forum for traders' posts and conversations about NZDUSD. Here, you can filter to view top or all discussions, and interact by liking, commenting, or sharing.
eToro NZDUSD trading page
eToro NZDUSD trading page

 

Tools You Can Use

The platform's integrated tools enhance the trading experience:

  • Chart: Provides a live chart of the asset, configurable to display time gaps from 1 minute to 1 week.
  • News: Shows the latest news on NZDUSD, powered by CityFALCON, with indicators of the news mood (positive, negative, or neutral). Below, the Sentiment Trends section quantifies the news sentiment, displaying a 30-day average, daily averages, and top stories.

 

Trading NZDUSD on eToro

To trade, simply search for NZDUSD, choose "BUY" or "SELL", enter your investment amount, set your trading preferences, and execute the trade.

Buying NZDUSD on eToro
Buying NZDUSD on eToro

 

Conclusion

That concludes the essentials for trading NZDUSD on eToro's platform or mobile app. Remember these tips and apply them strategically in your eToro forex trading journey.

 

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.

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Embark on your NZDUSD trading journey on eToro with our step-by-step guide. Discover practical tips, leverage strategies, and real-life experiences to enhance your trading prowess.

76% of retail investor accounts lose money