eToro Nickel Trading
How to Trade Nickel on eToro?
With eToro's user-friendly platform, you can buy and sell nickel CFDs, follow experienced commodity traders and even copy their investments.TRY NOW WITH REAL ACCOUNT PRACTICE WITH DEMO ACCOUNT
An in-demand industrial commodity since the start of the steel-making revolution in the 19th century, Nickel provides a solid investment option due to its consistent high demand and robust supply.
Investing on this base metal is also a bet on the prospects of manufacturing and industrial sectors, both of which remains important industries today.
Investing on base metals such as nickel, aluminum, uranium, iron and zinc is dissimilar from investing in precious metals such as gold and silver. Because the price of base metals often moves in the same direction as the world economy, the value of precious metals in turn move in the opposite direction.
Already a popular commodity, the demand for nickel is expected to grow further thanks to recent proclamations of industry leaders like Elon Musk, the CEO of Tesla, who lately remarked about the great need for nickel in the manufacturing of electric cars.
The earliest use of nickel can be traced back to 3500 BC when bronze materials dug in archaeological sites in Syria showed to contain at least 2% of nickel. Coins of nickel-copper alloy were minted during the 2nd century in the territories belonging to the Greek Empire.
Starting in 1848, the first large-scale smelting of this industrial commodity started in Norway. Nickel was then introduced for steel production in the late 1880s, therefore increasing its demand. It was also during the late 19th century that nickel was used to make coins.
Today, world production of nickel is estimated to be around 2.5 million tonnes per year with the countries of Philippines, Russia, Indonesia, Australia, New Caledonia and Canada being the biggest producers.
At least 300,000 items used in industrial, consumer, military, aerospace, transport, architectural and marine sectors use nickel. As a result, it remains a consistent valuable commodity in the world.
There are five leading ways to invest in base and precious metals or commodity. These are: CFD trading, ETPs (exchange-traded products), physical metal, stocks and futures.
Find a reputable, reliable and regulated CFD trading platform. The eToro trading app is a good place to start CFD trading. By using the app's advanced risk management and investment tools, you can instantly enjoy seamless execution of trades. Trading this commodity in eToro's CFD trading platform doesn't require any storage fees since you won't be trading any physical assets.
Nickel currently has a 52-week range of $10,815 - $19,943 and a 1-year return of 26.75%. Historically, it reached an all-time high of $50,050 in May 2007.
If you're considering to invest or trade NICKEL CFDs, then it would be much simpler to click the button below. This will take you directly to eToro's trading page for this commodity.
But before you can trade nickel on eToro, you'll need to open an account with them and this will only take a few minutes to accomplish.
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Past performance is not an indication of future results.
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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.