|Recommended Broker 🇮🇪||
|🌐 Official website:||www.etoro.com *|
How to buy
For those who live in Ireland, the best way to invest in Apple shares is, definitely, this popular broker.
eToro, one of the main brokers around the world, is registered and licensed, among others, by the Australian Securities and Investments Commission (ASIC).
We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Ireland, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.
How to sign up, step by step
The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.
Then check your email: you have received an email from eToro, click on “Verify my email” and your account will be verified.
Once on eToro, you just have to click on “Deposit funds”, in the page menu.
There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:
As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.
How to make your first purchase
When eToro has confirmed the receipt of your credit, you just have to search for “Apple” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
Is Apple a buy?
Apple is a technology company whose business model includes the design and manufacture of electronic products, software and online services. It also includes the commercialization of these products, since the company itself owns more than 400 stores worldwide.
Since its founding and the success of Apple II in 1976 until today, Apple went from being a garage company to what it is today: one of the top 5 and largest companies in the technology sector along with Google, Facebook, Microsoft and Amazon. Apple being the first company to reach a market capitalization of more than 1 trillion dollars.
Apple products and innovation
Being Apple a technology company, it has a serious commitment to innovation. That is why year after year we see how Apple creates new products or improves existing lines. Just look at the evolution of the iPhone, iPad or Mac, to which we can add the Apple Watch and Apple TV.
In addition to this and framed in its business internalization model, Apple developed its own processor called Apple M1 which will be used in all its devices, thus eliminating the dependence it had on chips manufactured by Intel.
With the Apple M1, the company has promised that all its devices will make a quantum leap, starting with Macs. Although it is certain that they will then start using their Apple M1 in all other devices.
The secret of Apple's business
In addition to what was exposed in the previous point, much of Apple's success is given by its marketing strategy. This strategy goes from the most basic: creating the need for the product; to the most important: building customer loyalty.
Apple takes the latter to the point that its customers are its best marketing and there is no need to give much explanation about this. After all, we all know an Apple user who recommends and defends to the death all Apple products.
The success of Apple products and the Apple brand is fully reflected in its stock price. This is how Apple's share price went from $ at the time of its IPO, to the prices we have today.
And given the nature of Apple as a company, it is only natural that its share price will continue to rise over time.
About Contracts for Difference
If you already browsed eToro, you must have noticed that the acronym CFD appears all the time. We will explain its meaning now, but first, you should know that cryptocurrency trading on eToro is only CFD if you short sell.
For the record, and in case you are considering day trading cryptocurrency or other advanced trading practices, next you will also find terms like short-selling and leverage.
With CFDs you can operate on the platform even if you are not “in the black” or having a negative balance. For instance, you believe that the Apple will go down, so you obviously think “if it is going to depreciate, I'll just wait until it does”. However, if it actually goes down, you can make some profits out of that.
The practice known as “going short” will allow you to do that. It functions, roughly, this way:
- You ask for a loan of, let's say, 100 units of Apple, which total price at the moment is $ 5,000 (these numbers are made up)
- Then, you sell them at their market price, $ 5,000
- The Apple goes from $ 50 to $ 30 (as you presumed, the price decreases)
- You buy the 100 units again, but their total current value is now $ 3,000
- You pay back the 100 units
- You will have made $ 2000, since you keep the difference
Keep in mind that it is much easier than it sounds: we can summarize this whole operation by saying that by trading in Apple you can also make money if you foretell the downs.
Differences between futures and CFDs
How are Futures and CFDs different?
- Which are the counterparties? With Futures, the counterparty is another investor. In CDFs, it’s the broker (eToro)
- When do they expire? Futures expire in a variable given date. CFDs don’t have expiration date
- Variety of options for trading The market for Futures is narrower. CFDs include a wide range of possibilities.
- Minimum investment amount or “trade size” Being higher numbers, Futures require, proportionally, lower fees. Costs for CFDs are a bit higher.
- Is it possible to leverage? With Futures, you can’t leverage; while with CFDs leverage is always available.
What types of instruments can you trade in eToro?
We already know about cryptostocks, there are other financial assets available.
Exchange-Traded Funds or ETFs are similar to index funds. We can say that ETFs are halfway between stocks and funds: they can be traded like regular stocks, but include a wide diversity of assets and the rates are much lower than those of an actively managed fund.
This is the best option for people who can invest in the long term, mostly for those who are starting to trade, because it is less expensive, diversified, and the risk is lower.
You may think differently, but benchmark returns are very difficult to beat and very few fund managers have done it, apart from some famous cases, like Warren Buffett's.
If a fund manager brags about having beaten the index, they probably did it for a short time or on a specific occasion, or sometimes the charges are so high that indexing would be a better decision.
Index funds offer solutions for that: although in the long term, they frequently beat active managers, and the charges are lower than you imagine.
Forex or currency trading allows obtaining profits by converting one currency for another.
If you decide to trade euros and dollars, you speculate how many dollars it will take to buy a euro, with the expectation that the euro will increase compared to the dollar. Therefore, if you bought each euro for 1.15 USD and you sell them back when their price is 1.20 USD, you'll be earning that difference.
As you may have deduced, this kind of trading requires investing a lot, because prices rarely increase that much, or using much leverage, which could be incautious. Our advice for those starting in the world of trading is to choose another market to begin with, since Forex is risky and complex.
eToro allows exchanging the most popular currency pairs. Still, remember that in Forex trading sales are always made through contract for differences, thus you will not be the owner of the underlying asset.
The major attraction of investing in raw materials is that their price varies less than that of other assets. In fact, their intrinsic stability is what makes most people trade with raw materials when facing possible inflation or market volatility. Still, the cost of raw materials is determined by supply and demand, so if faced with the fear of inflation, demand rises a lot, so will the price.
Take into account that, unlike stocks, raw materials don't pay dividends. Therefore, the only prospective earnings would come from a future sale of the asset.
Raw materials are usually categorized into hard raw materials, which include precious metals as gold, silver, or copper, as well as industrial metals, and oil; and soft raw materials, which are basically agricultural goods, like soy, cocoa, corn, or rice.
Virtual account: How does it work?
Are you taking your first steps as an investor? Using a demo account can be very helpful. You just need to set the virtual mode and you can start practicing with an “imaginary” amount.
This can be a great way of gaining experience and confidence before starting to trade with real funds. You will have an amount of $ 100.000 (“fake” or virtual, of course) to begin with, and you will be able to operate with a variety of assets, not only with Apple.
The first attempt is not usually that good. But don't worry, because you can ask support to replenish the virtual funds to your account.
Take into account that trading is mostly about being cold-minded, and perhaps using a demo portfolio can make you a bit impulsive. It will never be the same as risking your own money.
As you may suppose, if you are interested in investing in the long or medium-term, it makes no sense that you try the demo mode and waste years waiting to see the results. But it can be ideal if you want to practice short and medium-term trading.
How to use eToro
We mentioned previously that eToro is very easy to manage. Anyone can start using it without previous experience or long explanations.
You won't have any issues with the interface if you are familiar with any other social network.
We will explain the registration process and the different sections that you will find on the platform.
You will have to fill in some requested data when registering.
Before you end up with the sign-up process, you will also find some questions about your previous trading activities.
However, it's not like they're testing you or anything. They only intend to know how much knowledge you have and what type of financial instruments they can recommend. For instance, if it is your first experience in the investment world, they will not suggest that you invest in futures.
When you finish filling in all the requested information, the “incomplete profile” bar will disappear.
Let's see what the different sections of the page are.
With the “Set Price Alerts” tool, you'll be able to program an alarm when an asset is at a certain price. Just click the tab and you will be able to set it. This is perfect if you want to buy an asset and you are waiting for it to decrease.
“News Feed” is the more “social” section. There, users can interact and share experiences.
“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. As we mentioned previously, the different financial instruments available on are:
- Index funds
In “People”, you will find eToro users and their performances. This is where you can duplicate the strategies of the traders that you find most inspiring.
You can search for those users that you find more interesting: by average profits, market or risk level, for example. Just indicate the amount you want to invest and eToro itself will replicate the movements made by the investor you selected, in proportion. This means that if you put $ 1000 and the investor puts 10% of their capital in Amazon, eToro will invest $ 100 of your money in the same asset.
Also, here you will see CopyPortfolios classified into three categories, Top Trader, Market, and Partner.
In some cases, you might prefer copying to CopyPortfolios than to individuals, because you avoid putting all your eggs in one basket. The different portfolios are easily identifiable: one about gaming, another about large drone companies, another about pharmacy … You think that a certain sector is going to succeed in the future? Then look, because surely there is a CopyPortfolio about it.
Have you heard about “social trading”?
The first platform that thought of trading as a social activity was eToro, and the idea spread like wildfire. Other brokers have also adopted this concept, but we have tried them all and eToro is still the leader.
But it wasn't just about creating yet another social network to talk about investment. The main innovation was in allowing users to copy the moves of experienced traders, who were in turn paid for their ideas.
In the left menu of the site, you will see “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” contain a collection of financial assets of the same sector. For example, if you heard that the gaming industry is going to prosper shortly but you don't know enough to start choosing stocks (or you don't have time), you just have to invest in the CopyPortfolio “InTheGame”, which includes companies like Microsoft, Google, Tencent, NVIDIA, Logitech, Intel, AMD, Nintendo, Ubisoft, Unity, among others.
You should know that in the last year, CopyPortfolio has generated returns of 100%. And you can benefit from it just by choosing a portfolio, enter your chosen amount, place the stop-loss and click on the “Invest” button.
The other alternative is to directly copy users of the platform: in “Copy People” you can find eToro users who are very successful investing and whose moves you can duplicate just by clicking “Copy”.
In each user profile, you will see their risk profile (how much risk do they take when trading), their performance, and what type of assets they operate..
Besides copying other user's moves, which is great and very helpful, we also recommend that you benefit from the community by reading other users. You can learn a lot from their experiences, mainly if your goal is to make a living from investments.
* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% 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.