NIO

Written by Nick Zelver

Fact checked by Mike Druttman

Updated Mar, 2024

Overview

NIO, often referred to as the "Tesla of China," is a premium electric vehicle manufacturer rooted in China. Since unveiling its first vehicle in 2016, NIO has been progressively increasing its production. Although it hasn't yet broken into the world’s top 15 for electric vehicle market shares, NIO is making strides with its innovative battery-swapping service, a feature that significantly enhances the EV recharging process.

Investing in NIO shares is accessible through eToro's online trading platform. This guide, enriched with my personal insights, discoveries and tips, is designed to assist you in navigating the exciting opportunity of trading this specific asset. Whether you're a seasoned trader or new to the scene, you'll find valuable information to support your stock trading journey.

Key Takeaways From My Experience

Since I've trade NIO stock for several times already on this platform, I was able to highlight these personal takeaways:

• $10 Minimum Investment: Starting your trading journey with as little as $10 makes it accessible and manageable.
• 0% Commissions on Real Stocks: eToro offers commission-free trading on actual NIO stocks, which is financially advantageous for traders.
• User-Friendly Interface: The platform, both the web-based version and the mobile app, is designed for ease of use, making it suitable for traders of all levels.
• Follow and Copy Traders: The CopyTrader is another interesting feature if you want to ride on the knowledge of more experienced stock investors.
• Exclusive Trading Tools: As a verified and funded account holder, I was able to access to a range of advanced trading tools that enhance the trading experience and provide an edge in decision-making. 
• Leverage Trading: The platform allows the option to engage in larger trades with a smaller initial investment through leverage. It’s important to note, however, that trading with leverage means you'll be dealing with NIO stock CFDs (Contracts for Difference), which are not available in some countries, including the USA.

NIO's Financial Instrument Page

Upon accessing the NIO stock asset page on eToro, you'll be directed to the Overview section. This primary section displays a range of elements that provide a comprehensive view of the NIO stock and I've listed them in order:

• Graph: Offers a visual representation of NIO's stock performance, helping you track its market movements and trends over time.
• About: Provides succinct information about NIO, offering a quick overview of the company's business and operations.
• Latest News: Features the most recent news relevant to the company, sourced from CityFALCON, ensuring you stay informed about the latest developments affecting the stock.
• Analyst Forecast: Includes a 12-month forecast based on a compilation of predictions from analysts with a rating of 4+ stars. It's important to understand that this forecast is an aggregation of opinions and not a specific prediction by eToro, nor should it be considered as investment advice.
• People Also Bought: Highlights other stocks that are gaining attention among traders, providing insights into current investment trends and preferences.
• Copy NIO Investors: Lists the top-performing traders who have invested in this company's shares. By clicking the "Copy" button next to a trader's profile, you can easily navigate to the copy trading window, where you can replicate their investment strategies.
• Discussions: Here, you'll find posts and conversations from other interested traders. You can filter the feed to either focus on top discussions or view all ongoing discussions. This section allows you to engage with the community by liking, commenting on, or sharing posts, enriching your trading experience with diverse perspectives and insights. 
  

  

Integrated Technical Analysis Tools

The integrated eToro stocks investment tools, both on the app and web-based platform, have greatly enhanced my trading experience. Key features include:

1. Chart: This tool provides a live chart for NIO's stock, allowing you to customize it to display price movements over various intervals, ranging from 1 minute to 1 week. This is essential for both short-term and long-term market analysis.
2. Analysis: Also powered by CityFALCON, the analysis feature includes various sections such as Analyst Consensus, Analyst Price Target, Analyst Ratings, Hedge Fund Activity, and Insider Transactions. These insights are crucial for informed trading decisions and are available exclusively to verified and funded accounts.

How to Invest in NIO?

I find trading NIO stock on eToro to be a very straightforward process. Begin by searching for the underlying asset. You then have the option to either "Buy" for a long position or "Short" for a bearish stance. After deciding on your investment amount, set your trading parameters and then execute the trade. It's that quick and simple.

Using CopyTrader

One of the unique features of that piqued my interest is the CopyTrader function, which I find particularly valuable. It enables you to follow the trades of experienced NIO stock investors.

🔎 Tip: Take advantage of the filters!

By applying filters, I refined my search for suitable traders. After selecting a trader, I simply determined the amount I wished to invest in their NIO trades and clicked the "Copy" button to start automatically replicating their positions.

Looking Forward

And that's the rundown. These are the essential elements to be aware of if you're planning to trade NIO stocks via eToro, whether through the web platform or the mobile app.

Keep in mind the tips and tools mentioned in this guide as you embark on your online stock trading journey. They're designed to help you make more informed and effective 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.