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.
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.
Since I've trade NIO stock for several times already on this platform, I was able to highlight these personal takeaways:
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:
The integrated eToro stocks investment tools, both on the app and web-based platform, have greatly enhanced my trading experience. Key features include:
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.
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.
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. 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.