eToro Amazon

Written by Nick Zelver

Fact checked by Wikitoro Team

Updated Mar, 2024

A Look Ahead

Amazon.com Inc. (AMZN) stands as a colossal entity in the global market, leading the charge in e-commerce and cloud computing. Its vast online marketplace features a diverse range of products including electronics, apparel, furniture, and food, alongside entertainment options. Amazon also offers streaming music and movie services, and its cloud services platform is pivotal for businesses in creating, deploying, and managing web applications.

Did you know?

eToro provides an avenue for its members to trade Amazon stocks through its online investment platform. For those interested in this opportunity, I've compiled a detailed guide enriched with personal insights that could prove valuable on your trading journey.

Advantage of Trading AMZN Shares on eToro

My experience trading Amazon stock on eToro has highlighted several advantages:

1. User-Friendly Interface: The platform is intuitive and easy to navigate. Both the app and the website interface are ideal for beginners and experienced traders.
2. Low Minimum Investment: You can start trading with as little as $10, making it accessible to a wide range of investors.
3. Zero Commissions on Real Stock Trades: Trading actual Amazon stocks on eToro comes without any commission fees, enhancing the profitability of your investments.
4. Leverage Options: It allows the use of leverage to open larger trading positions with a smaller capital outlay. However, it's important to note that trading with leverage involves dealing with Amazon stock CFDs (Contracts for Difference), and this option is not available in some countries, including the USA.
5. Advanced Trading Tools: As a verified and funded account holder, I have access to a suite of exclusive trading tools that can significantly enhance trading efficiency and decision-making. 

The Amazon Financial Instrument Screen

Upon visiting the platform's Amazon stock asset page, you'll land on the Overview section. This primary area provides a detailed snapshot of the stock through various informative elements:

1. Graph: Offers a graphical representation of Amazon's stock performance, enabling you to visualize its market trends and historical data.
2. About: This section gives concise information about the company, offering a brief yet comprehensive overview and its activities.
3. Latest News: Presents the most recent news relevant to this financial instrument, sourced from CityFALCON, ensuring you stay updated with the latest market influences and company developments.
4. Analyst Forecast: Features a 12-month forecast based on a compilation of projections from analysts rated 4 stars or above. It's crucial to understand that this forecast is an analytical tool, not a prediction from eToro, nor should it be considered as investment advice.
5. People Also Bought: Highlights other stocks that are garnering interest among traders, offering insights into current investment trends and preferences.
6. Copy Amazon Investors: Lists the top-performing traders who have invested in this specfic stock. By clicking the "Copy" button next to a trader’s profile, you can seamlessly navigate to the copy trading window to replicate their investment strategies.
7. Discussions: In this interactive section, you can engage with posts and discussions from other traders who share an interest in this e-commerce company. The feed can be filtered to show either the top discussions or all ongoing conversations. This feature allows you to actively participate by liking, commenting, or sharing posts, thereby contributing to and benefiting from the community's collective knowledge and perspectives.
   

   

Applying Technical Analysis? You Can Use These Tools

My experience with the platform has been greatly enhanced by its suite of integrated tools, which I found immensely helpful for trading Amazon stocks. Key tools include:

• Chart: This feature offers a live chart for this stock, allowing you to configure and view price movements over various time frames, from 1 minute to 1 week. This flexibility aids in thorough analysis and better decision-making.
• Analysis: Powered by CityFALCON, the analysis tool encompasses several sections including Analyst Consensus, Analyst Price Target, Analyst Ratings, Hedge Fund Activity, and Insider Transactions. These detailed insights are crucial for informed trading and are exclusively available to verified and funded accounts.

Investing in Amazon: The Process

To trade Amazon on the eToro stocks platform, start by searching for the underlying asset. You then have the option to either "Buy" for a long position or "Short" for a bearish stance. Once you've decided on the investment amount, set your trading parameters — such as stop loss and take profit levels — and then execute the trade. This process is streamlined and user-friendly, making it accessible for traders of various skill levels.

Follow and Copy AMZN Stock Traders

Another standout feature that I really liked is the CopyTrader function. This allows you to emulate the trades of more experienced stock investors. By using the filter function, I was able to narrow down my search for suitable traders. After selecting a trader, I simply determined the amount I wanted to invest in their Amazon trades and clicked the "Copy" button to start automatically replicating their positions.

Final Word

In general, these are the essential aspects to consider if you're planning to trade Amazon stocks on eToro, whether using the web platform or the mobile app. Make sure to utilize the insights and tools discussed in this guide to enhance your online trading experience. They are designed to help you navigate the market more effectively and make more informed investment decisions.

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. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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 hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.