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Navigating the Apple Stock Price on eToro for New and Seasoned Investors

ByAmelia Wong

Oct 11, 2023
Mastering Apple Stock Price on eToro

Are you new to investing and want to learn how to buy Apple stock prices on eToro?

Don’t look any further because this article talks about eToro and its user-friendly interface, a complete guide on how to buy Apple shares (AAPL) on eToro seamlessly and quickly, more information about Apple stock, and tips for investing successfully using eToro!

 

Key takeaways:

  • eToro is an online trading platform with no hidden fees or commissions charged, with fractional share investing and social trading features available for investors.
  • You must provide personal information, ID verification, and a bank account to fund your trading account for the account registration process.
  • Users can use the platform to analyze key financial metrics on eToro and monitor their investments through portfolio management tools.
  • eToro allows you to diversify across different assets available on the platform to manage risk effectively.

 

What is eToro and How Does it Work?

eToro is a popular online trading platform that provides information and comprehensive instructions for investors, even if you are a rookie investor! Definitely perfect for individuals who are looking to add to their income stream without any heavy added costs.

The eToro interface is highly intuitive for seasoned investors and has advanced trading options.

Besides buying Apple stock prices on eToro, the platform allows users to interact with the entire trading community to discuss the market ebb and flow, the latest financial news and trends, and many more.

Pros and Cons of Trading on eToro

Pros Cons
  • A wide range of tradable assets include stocks, forex pairs, and more. You can choose to diversify your portfolio and explore all these different markets.
  • A demo account is available, and users can practice trading strategies with virtual money – great for beginners who want to gain confidence and experience before investing in real capital.
  • eToro has innovative social trading features, allowing users to follow and copy the trades of experienced traders.
  • Forex trading fees can be relatively higher compared to other platforms.
  • Fees are imposed for withdrawals and inactivity of accounts. This can be a withdrawal for occasional or passive investors who do not trade frequently.

 

How to buy shares of Apple (AAPL) on eToro?

Step 1: Opening an account

How to buy shares on eToro?

Start by making an account on the eToro platform, filling out your information, selecting a secure password, and accepting the terms and conditions. Complete the account verification process for security and compliance.

Step 2: Explore the Platform

How to buy shares on eToro?

Login to your eToro account and familiarize yourself with the user-friendly interface. Learn about the numerous trading features, resources, and tools offered.

Step 3: Add Money to Your Account

How to buy shares on eToro?

Use your preferred payment method to add money to your eToro account before you begin trading. Pick an amount that is consistent with your risk tolerance and investing goals.

Step 4: Discover Apple Stock

How to buy shares on eToro?

Enter the ticker symbol (AAPL) to buy Apple shares in the search field to find it. To learn more about Apple, look at its stock profile.

Step 5: Decide on Your Investment

How to buy shares on eToro?

Decide how much you want to invest and buy Apple shares while considering your financial goals and risk-management skills.

Step 6: Execute the Trade

The “Trade” button will appear next to the Apple stock. Choose your trade type (buy or sell), check the information, and approve the deal.

Step 7: Monitor and Manage

How to buy shares on eToro?

Use eToro’s real-time charts to check your assets and closely track price changes. Keep up with Apple’s news and performance to make wise decisions.

Step 8: Considerations for the future

Even while short-term rewards are alluring, consider taking a long-term approach to investing. Apple’s past expansion and innovation can have major long-term advantages.

Step 9: Apply Tools for Risk Management

How to buy shares on eToro?

Discover the risk management techniques available on eToro, like stop-loss and take-profit orders. Your investments can be protected with these techniques from unanticipated market volatility.

Step 10: Continuous Learning

Recognize that investing is a journey that never ends. Learn about trading tactics and keep up with market movements to improve your understanding of investing.

 

Apple Stock After Hours

Every Monday through Friday, between 9:30 and 4:00 p.m. Eastern Time, Apple can be traded on the Nasdaq Exchange.

You can do this on your online brokerage platform, such as eToro, since the Nasdaq prohibits pre- and after-hours trading.

On your eToro platform, you can trade Apple shares from 4:30 a.m. to 9:30 a.m. ET during pre-market hours and from 4:00 p.m. to 8:00 p.m. ET during after-market hours.

 

Brief History of Apple Stocks Price

  • Starting at $0.23 in 1982 and rising to a high of $182.13 in December 2021 (adjusted for stock splits), Apple’s stock has experienced significant growth over the years.
  • The stock would be worth more than $1,800 per share without considering splits in 2021.
  • The iPod, MacBook, iMac, iPhone, and iPad are examples of Apple’s consistently released cutting-edge technology products. These products have significantly increased stock value.
  • It is anticipated that the continuous release of new products will continue to benefit Apple’s stock performance, particularly after the debut of the most recent iPad or iPhone models.

 

How to Analyze Apple’s Stock Performance

1. Apple Stock News

The trajectory of Apple’s stock prices can be significantly influenced by staying current with news and analyst opinions.

According to the most recent data, the consensus analyst rating for AAPL is “Buy,” indicating a favorable forecast for Apple’s share price going forward. The business posted earnings of $1.52 per share in the second quarter of 2023, with roughly $94.8 billion in revenues. Compared to the prior year’s results, this figure showed a 3% decrease.

It’s crucial to understand that certain elements, such as fierce competition in the Chinese market and India’s unwillingness to accept Apple’s less expensive reconditioned phones, might negatively affect Apple’s stock price.

 

2. Reading Apple’s Stock Chart

Reading Apple’s stock chart is pretty much similar to how you read any chart.

eToro also offers some chart features that allow you to do a good analysis of APPL before investing.

Among them are:

  1. Bollinger Bands (BB), which show how far the asset’s price deviates from its long-term average
  2. On Balance Volume (OBV), which tracks accumulation or distribution by comparing price and trade volume
  3. Moving Averages (MA), which measures the average change in price over time
  4. Keltner Channel, which uses volatility bands to identify the direction of price trending.

Additionally, eToro provides access to a vast collection of more than 100,000 publicly available custom indicators created by the TradingView community. You may include these in your price chart to spot trends, and annotating features let you record your thoughts on prospective trading opportunities.

Read more: TradingView Review 2023: The Trader’s Perspective

 

3. Key Metrics to Consider When Analyzing Apple Stock

When evaluating the value of a stock before you buy Apple shares, it’s essential to consider key financial metrics:

For instance, Apple’s current price-to-earnings ratio is approximately 29x, which indicates how the market values the company relative to its earnings. Apple’s dividend yield stands at 0.53% (as of September 2023), providing a steady income stream for investors.

 

Decrypting APPL’s Downturn: Factors Shaping Stock Prices

  1. The stock price may be negatively impacted if customer demand for Apple’s main products—such as the iPhone, iPad, or Mac significantly declines. Investors may become less confident about the company’s future prospects if consumers are less excited about these products, which could lead to fewer sales and revenue.
  2. Quarterly earnings reports from Apple can affect the price of its stock. Investors may sell off their shares in response to the reports’ revealing lower-than-expected sales or profit figures, which could trigger a negative market reaction.
  3. Any announcements made by Tim Cook, Apple’s current CEO, can significantly affect the stock price with his or her remarks and announcements. Price changes might result from news of new product introductions, company strategy changes, or service upgrades. Price increases may result from good news, while decreases may result from bad news.
  4. The state of the global economy plays a factor, too, and can impact Apple’s stock price. In the general economy, for instance, higher interest rates can lower consumers’ disposable income, which may impair their capacity to buy Apple items. Furthermore, increased borrowing rates may make it harder for comp

 

What is in the Future for APPL?

The newest items from Apple will be released in 2023. Apple revealed its updated 14-inch and 16-inch MacBook Pro models in January, featuring the advanced M to Prove and M2 max chips.

Additionally, Apple debuted the larger $229 HomePod, the new I’m 2 and M2 Pro devices and Mac Mini computers. Apple’s stock price on eToro is anticipated to increase due to these new debuts.

In September, Apple intends to introduce a new line of iPhones, including the iPhone 15 and iPhone 15 Pro. A faster 17-chip made on a 3-nanometer node is slated for the Pro models, and one outstanding feature is the periscope lens technology, which offers an amazing 46X optical magnification capacity.

These latest technology updates and new upcoming products bode well for investing in Apple’s stock price on eToro, as they indicate long-term growth potential and a sustained positive trajectory for Apple’s stock performance on the platform.

 

Placing a Buy Order to Buy Apple Stock on eToro

  • Log into your eToro account or create a new one if necessary to start.
  • Type “Apple” or “AAPL” into the search field to find Apple shares under the Markets category. You may see the most important company information and the current stock price.
  • You are now prepared to order Apple shares in light of this information.
  • To start the order, click the “trade” button.
  • You will be asked to enter your trade information, such as the limit price and the amount of shares you want to buy.
  • After giving this information, confirm the order by clicking “Open Trade” to finish the transaction.

 

Selling Apple Shares on eToro

If you decide to sell your Apple shares on eToro, follow these steps:

  • On the Apple stock page, click the “Sell” button.
  • Enter your desired selling quantity in the trading window.
  • Set a stop loss or take profit level, if desired.
  • Review your order details, then click “Close Trade” to complete the sell order.

 

Tips for Trading on eToro

How to Successfully Buy Apple Shares on eToro:

  1. Knowledge Is Power: Start by doing extensive research and learning. Recognize Apple’s business and the different elements that can affect its stock price.
  2. Keep Up-to-Date: Constantly keep abreast of news, earnings reports, and market movements that may affect the price of Apple shares.
  3. Think Long-Term: To potentially profit from Apple’s steady growth over time, consider adopting a long-term investment strategy.
  4. Prudent Risk Management: Establish a clear investment budget and avoid investing more money than you can manage, or that will allow you to make adjustments to your portfolio.

Read more: How to Analyze a Company’s Financial Position

Conclusion

In conclusion, investing and monitoring Apple stock prices on eToro is a simple and profitable process. It takes thorough analysis, calculated planning, and mental discipline to trade Apple stock prices on eToro. You will be prepared to navigate the world of investing in Apple stock thanks to the user-friendly platform, portfolio management tools, and social trading community offered by eToro.

What are you still holding out for? Riding the success wave, start buying Apple shares on eToro immediately!

 

Frequently Asked Questions

What are the fees associated with trading Apple stocks on eToro?

eToro charges zero commissions when you buy Apple stocks on eToro or sell the stock. When selling a stock, the platform pays the regulatory transaction fees on your behalf.

How Do I Pick the Best Time To Buy Apple Stock?

Buy Apple shares when the price crosses above the daily average price of the past 10 months.

Is there a minimum investment amount required to start trading on eToro?

In most countries, you can begin investing with a minimum deposit of US $50. However, all deposits via bank transfer must be at least US $500.

Can I practice trading Apple stock on eToro without using real money?

Using the demo account on eToro, which has exactly the same market circumstances as real trading on the site, you can trade stocks in real time. However, note that trading in the demo account is completely free of charge and has no impact whatsoever on your actual eToro portfolio.

What is the downside to eToro?

Contracts require borrowing capital, so if the trade doesn’t go as planned, you could wind up owing money in addition to losing your initial investment. According to eToro, 81% of retail investor accounts who lost money when trading CFDs.

Is my money safe on eToro?

Your personal information is protected during all communications since Secure Socket Layer (SSL) technology is used. Your cash money is safe in a licensed bank account when you use eToro Money to make a deposit into your eToro account.

Amelia Wong

Wong Hui Jin, known as Amelia in her professional endeavors, is a seasoned corporate finance analyst hailing from UK. With...

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