User-Friendly Platform Educational Resources Social Trading Features
Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

Starting Point

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.

Trade DAX!

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 DAX via CFD

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.

 

Why I Prefer Trading DAX on eToro?

Having traded the DAX index on eToro numerous times, I've identified several key benefits of the platform:

  • User-Friendly Interface: Navigating and trading on eToro is straightforward and intuitive.
  • Flexible Trading Schedule: The platform allows setting pre-orders, even when the index market is closed.
  • Zero Transaction Fees: eToro offers the advantage of no transaction fees on indices trades.
  • Leverage Options: Leverage enables you to engage in larger trades with a smaller capital outlay. Note that leverage limits vary based on your location. 

 

Exploring the DAX Asset Page on eToro

When you visit the DAX asset page on eToro, you'll land on the Overview section, the default area showcasing various elements:

  • Graph: This displays the index's performance. Note that this is a basic graph, and a more detailed version is available in another tab.
  • About: Brief information about the DAX index.
  • Latest News: Up-to-date news related to DAX, provided by CityFALCON.
  • People Also Bought: Highlights other eToro indices popular among traders.
  • Copy Investors: Features top traders investing in DAX. Clicking the "Copy" button next to a trader takes you directly to the copy trading window.
  • Discussions: Engage in posts and conversations about DAX. Filter options allow you to view top discussions or all discussions. It's interactive like Facebook or Twitter, enabling likes, comments, and shares.
eToro DAX trading page
eToro DAX trading page

 

Integrated Trading Tools on eToro

eToro's integrated interface means you don’t have to switch between apps or screens. Here are some tools I found useful:

  • Chart: An advanced live chart for DAX, customizable from 1-minute to 1-week gaps.
  • News: Shows the latest DAX news from CityFALCON, including sentiment analysis indicating positive, negative, or neutral moods. Below this is the Sentiment Trends section, quantifying news sentiment over a 30-day period.

 

Trading DAX on eToro

To trade DAX on eToro, search for the asset, select "BUY" or "SELL," input your investment amount, set trading preferences, and execute the trade.

Buying DAX on eToro
Buying DAX on eToro

 

Maximizing Your eToro Experience with DAX

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.

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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76% of retail investor accounts lose money