The DAX (Deutscher Aktien Index), also referred to as GER40, is an esteemed stock index showcasing top companies from the Frankfurt Stock Exchange (FSE). It's a highly sought-after asset on the eToro platform, particularly appealing to newcomers. If you're keen on exploring the intricacies of investing in this index through eToro, this guide is for you. I'll share my personal experiences and insights, offering you a valuable perspective on how to navigate and invest in this fascinating asset. So, let's dive in.
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.
When trading the DAX index on eToro, you're dealing with CFDs (Contracts for Difference) rather than directly engaging with the stock exchange. The allure of CFD trading lies in its speculative nature, allowing traders to forecast and capitalize on the movements of the indices market. CFDs offer the advantage of profiting from price changes without owning the actual asset. The value of a CFD contract hinges on the price variation between when you enter and exit a trade. Skillfully executed trades in CFDs can yield a Return on Investment (ROI) regardless of market direction.
Having traded the DAX index on eToro numerous times, I've identified several key benefits of the platform:
When you visit the DAX asset page on eToro, you'll land on the Overview section, the default area showcasing various elements:
eToro's integrated interface means you don’t have to switch between apps or screens. Here are some tools I found useful:
To trade DAX on eToro, search for the asset, select "BUY" or "SELL," input your investment amount, set trading preferences, and execute the trade.
In summary, these insights should equip you to invest in the DAX index on eToro effectively. These tips apply to both the web-based platform and the mobile app. Remember to apply these strategies thoughtfully when trading and enjoy your journey 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.
76% of retail investor accounts lose money
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