61% 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.
The NASDAQ-100 Index, known as the NSDQ100, is a celebrated benchmark in the financial world, having been established by the NASDAQ on January 31, 1985. This stock market index showcases the prowess of 100 of the largest non-financial companies listed on the NASDAQ stock market, based on their market capitalization. The NSDQ100 is a mirror reflecting the performance of major industry sectors such as technology, retail, and health care, making it a significant indicator for investors interested in these areas. For those keeping an eye on the market trends, staying informed about the current NSDQ100 value can provide valuable insights.
In this article, we've crafted a straightforward, step-by-step guide to help you embark on your investment journey with the Nasdaq 100 Index on eToro. Whether you're a seasoned investor or just starting, this guide is designed to be accessible and easy to understand. So, keep reading to learn how you can start trading the NSDQ100 today.
If you're ready to dive into the world of index trading, here are the steps on how to trade the NSDQ100 index via the eToro platform:
To begin trading, you must first set up an eToro account, or if you're already a member of the eToro community, simply log in. The process is user-friendly and secure, ensuring your trading journey starts on solid ground.
Once you're in, type "NSDQ100" in the search bar to find the index. It'll be listed under 'Markets'. You can choose to buy (go long) if you believe the index will rise, or short if you anticipate a drop in value.
Determine how much you're willing to invest or decide on the quantity of NSDQ100 units you wish to trade. eToro allows for flexibility in trading volumes to suit your investment strategy and budget.
Protect your trades by setting stop loss and take profit limits, and if you're looking to amplify your trades, adjust the leverage to your preference. Remember, leverage can increase both potential gains and losses.
After double-checking your trade's parameters, hit "Open Trade" to activate your position. Your trade is now live, and you can monitor its performance in real-time.
Take Note: You are trading CFD
When trading the NSDQ100 on eToro, it's crucial to understand that you are engaging in CFD trading, meaning you are not purchasing the actual stock market index. CFDs, or Contracts for Difference, empower you to capitalize on the NSDQ100 index's price movements without the need to own the underlying assets. They offer the flexibility to trade against price changes in either direction.
And there you have it. Now you know how to trade the Nasdaq 100 index via eToro's intuitive platform. This guide aims to demystify the process of investing in one of the most dynamic indices in the market. Share this knowledge with fellow traders and embark on your trading journey with confidence and clarity. Happy trading!
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. 61% 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.
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