How Do I Open a Position on the Euro Stoxx 50 on eToro?

Written by Nick Zelver

Fact checked by Wikitoro Team

Updated Mar, 2024

To open a position on the Euro Stoxx 50 on eToro, you must first have a trading account or login if you already have one. Search for "EUSTX50" in the platform's search bar, then choose to either Buy or Short the index. After that, input the amount you want to invest, set your preferred trading parameters, and click on the "Open Trade" button to execute your trade.

Intro

The EURO STOXX 50, known as EUSTX50, is a barometer of Europe's economic health. Launched in 1998 and managed by STOXX, a subsidiary of Deutsche Börse Group, this prestigious index is the stock market's equivalent of an honor roll, comprising 50 highly liquid stocks from the Eurozone. Traded on Eurex and calculated via the Laspeyres formula, the EURO STOXX 50 offers investors the cream of the crop in terms of blue-chip eurozone market leaders. For those interested in the financial theatre of Europe, the EUSTX50 is a marquee name worth following for the latest news and its current market value.

Knowing the potential and importance of the EUSTX50, I've put together a simple, beginner-friendly guide on how to invest in the eToro Euro Stoxx 50 index. So, whether you're new to trading or just new to this index, keep reading to learn more!

It's important to remember: When trading the Euro Stoxx 50 index on eToro, you are engaging in CFD (Contract for Difference) trading. This means you're speculating on the price movement of the index without owning the underlying stocks. CFDs are a flexible investment tool that allows traders to respond to market movements in the EUSTX50 index, taking advantage of fluctuations in value.

How to Trade Euro Stoxx 50 on eToro

Investing in the EUSTX50 index via eToro is a straightforward process. Below are the steps to guide you through the trading on this platform:

1. Create an account on eToro or log-in your account for existing users
   Signing up with eToro is your first step. For new users, this means providing some personal information and completing a brief verification process. Existing users can simply log in to their account to get started.
2. Enter "EUSTX50" on the search bar, locate the EUSTX50 or EUSTX50 Index result under the Markets category, and hit the associated "Buy" or "Short"
   Once you're in, type "EUSTX50" in the search bar. When the EUSTX50 Index appears in the market's section, you can select either "Buy" if you anticipate a rise in the index or "Short" if you expect a decline.
3. Key in your desired amount to invest or the number of Euro Stoxx 50 units you want to trade
   Determine how much you want to invest or the quantity of units you're looking to trade. eToro provides the flexibility to enter an amount that suits your trading strategy and budget.
4. Set the stop loss, leverage, and take profit parameters
   eToro's platform allows you to manage your risks and potential rewards. Set your stop loss to limit potential losses, adjust leverage according to your risk tolerance, and establish a take profit level to secure earnings when your desired price target is hit.
5. Click the "Open Trade" button to execute the order
   After you've set all your parameters, simply hit "Open Trade". Your investment will then be live, and you can monitor the EUSTX50 index's performance as it unfolds in real-time.

And That Sums It Up!

There you go. You now understand how to trade the Euro Stoxx 50 index using eToro's accessible platform. I trust this guide has made the process clear, and you're prepared to dive into the thrilling world of index trading. Don't hesitate to pass this guide along to other traders eager to discover fresh market prospects.

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.