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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

Intro

The ASX 200, or Australian Securities Exchange Index, ranks among the top 15 global exchange groups. While it may initially appear daunting to new traders, platforms like eToro simplify investing in this market capitalization-weighted index, which features stocks listed on the Australian Securities Exchange. If you're curious about the specifics of investing in the ASX 200 through eToro, this guide is for you. I'll share personal insights that could be beneficial in navigating this intriguing asset class. So, let's dive in.

Handel ASX 200!

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 ASX 200 via CFDs

When trading the ASX 200 on eToro, it's important to understand that you're dealing with Contracts for Difference (CFDs), not directly trading on the stock exchange. The allure of CFD trading lies in its ability to speculate on the movements of the indices market. CFDs allow you to profit from price changes without owning the underlying asset. The value of a CFD contract is based on the price difference between when you enter and exit a trade. With strategic execution, CFDs can yield a Return on Investment (ROI) regardless of market direction.

 

Why I Prefer Trading ASX 200 on eToro

Having traded this asset on eToro several times, I've identified numerous benefits, such as:

  • A user-friendly interface.
  • Flexibility to trade according to your schedule, including setting pre-orders outside market hours.
  • Zero transaction fees on indices trades.
  • Leverage, which enables larger trade positions with a smaller capital commitment. Note that leverage limits may vary based on your location.

 

Exploring the ASX 200 on eToro's Platform

Navigating the ASX 200 Asset Page

When you access the ASX 200 asset page on eToro, you'll land on the Overview section by default. This section includes several key elements:

  • Graph: Displays the index's performance. While basic, there's a more detailed graph available in another tab.
  • About: Brief information about the ASX 200 index.
  • Latest News: Updates relevant to ASX 200, provided by CityFALCON.
  • People Also Bought: Displays other eToro indices that traders are currently interested in.
  • Copy Investors: Lists top-performing traders investing in this index. Clicking the "Copy" button next to a trader's name directs you to their copy trading window.
  • Discussions: Here, you'll find posts and conversations about ASX 200. You can filter to see top or all discussions. Like social media platforms, you can like, comment, or share posts.
eToro ASX 200 trading page
eToro ASX 200 trading page

 

Integrated Trading Tools for Index Trading

What I appreciate about eToro is the integration of trading tools within the platform interface, eliminating the need to switch between apps or screens. Some of the tools I found useful are:

  • Chart: This advanced live chart for ASX 200 can be customized to display time gaps ranging from 1 minute to 1 week.
  • News: The platform provides the latest news about the ASX 200, also sourced from CityFALCON. It includes a sentiment indicator showing if the news mood is positive, negative, or neutral. The Sentiment Trends section quantifies news sentiment over 30 days, highlighting daily average sentiment and top stories.

 

The Trading Process for ASX 200 on eToro

To trade the ASX 200 index on eToro, search for the asset, select "BUY" or "SELL," enter your investment amount, set your trade preferences, and execute the trade.

Buying ASX 200 on eToro
Buying ASX 200 on eToro

 

Maximizing Opportunities with ASX 200 on eToro

In conclusion, the features and tools provided by eToro make investing in the ASX 200 index both accessible and insightful. Whether you're using the web platform or the mobile app, these tips and insights should help you navigate and make the most of your trading experience. Remember to apply these strategies thoughtfully as you explore the exciting world of index trading on eToro!

 

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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