|Recommended Broker 🇮🇪||
|🌐 Official website:||
* Your capital is at risk.
How to buy
For those who live in Ireland, the best way to invest in Google 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 our 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.
Now check your email inbox: you should have received an email from eToro, click on the link 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
As soon as eToro has confirmed the receipt of your credit, you just have to search for “Google” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
*67% 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
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Google is the most used search engine and the most visited website worldwide, performing an average of three billion searches per day. But it is also one of the largest software and electronic services companies in existence for a long time.
Like other Internet companies, Google was born as a university project in 1996 by students Larry Page and Sergey Brin. Two years later, in 1998, the two founded the company Google Inc. and the search engine was launched on September 27.
At that time, it was just a search engine with an infrastructure of 80 servers in a closet. However, its initial success was so great that by the year 2000 it had already displaced the most popular search engine at the time, AltaVista.
Since then, Google has only grown to become the technological giant we know today. From just a search engine and generating revenue from internet advertising, Google evolved to offer a wide variety of services among which we can mention:
- Google Chrome
- Android OS
And we mention these because they are the ones that generate the most revenue for Google, revenue that comes from the advertising model that we all know. But there are also lesser-known projects that also generate revenue to the company, such as Google Drive, Workspace or Cloud.
Future projects of Google
Being a technology company, Google remains in a process of continuous research and development that sustains its success in the market. This is how Google has a laboratory known as Google X in which it works on new technologies.
In this laboratory, Google develops technology that may seem futuristic, such as the Smarty Pants, which are robotic pants controlled by artificial intelligence that will help people with reduced mobility.
Following the futuristic line, we can also mention the Wolverine project. In this case it is a device that would improve the hearing of any person. You will probably think that there is nothing futuristic about this, but the magic lies in the device's ability to focus on a particular speaker in a crowded environment.
These are projects that are ongoing, but to mention something more rational and company-related, there is the Taara project. This project seeks to bring the Internet to everyone using beams of light instead of wires. And according to the company itself, this technology is the only one that has the potential to surpass Google Fiber.
This is the way Google has kept growing over and over and that has allowed it to remain in the group of the big five of technology, along with Facebook, Amazon, Microsoft and Apple.
How do Contracts for Difference work?
You probably have seen the term CFD now and then if you entered eToro before. We will come back to it, but first, you should know that CFDs on eToro are only possible if you short sell.
For the record, and if you want to know about day trading cryptocurrency or other trading operations, we will also explain concepts like short-selling and leverage.
Even if you aren't “in the black”, you can still operate on eToro with CFDs. In a hypothetical case: you believe that the Google will fall, so perhaps it is obvious to think “if it is going to depreciate (go down in price), I'll just wait and bet when it has gone down”. But if it really falls, it might mean extra money for you.
You can accomplish that by “going short”. Basically, this is how it works:
- You ask someone to lend you, for instance, 100 units of Google, which cost $ 5,000 at the moment (these numbers are made imaginary)
- You sell the 100 units at $ 5,000
- The Google devaluates from $ 50 to $ 30
- You purchase the 100 units again, but at $ 3,000
- You give back the 100 units
- The rest is yours, so, you will have made $ 2000
It is far more simple than it may seem. Just take into account that by trading in Google on eToro, with CFDs you can make a profit if you foretell downs in the price.
How to deposit funds into your eToro account
Within the payment methods accepted on eToro you will find: credit card, PayPal, bank transfer, Neteller, and Skrill. There is not much to say here: making a deposit with eToro is really simple. Just go to “Deposit funds”, set an amount and pick the payment method you prefer.
Consider that for security policies, you need to be the holder of the account or the credit card.
The lowest amount is $ 200, and there is a maximum authorized for unverified accounts. Therefore, if you plan to operate with larger sums, you should verify your account first.
The platform allows transfers in any currency, but you will have to pay a fee for the conversion to USD. That is why we suggest, if possible, depositing in USD from the beginning.
We said previously that eToro is very easy to manage. Anyone can start using it without previous knowledge or long explanations.
You won't have any problems with the interface if you are familiar with any other social network.
Now we will detail the registration process and the sections of the page that you should know.
When you open your account, you will have to enter all the information that eToro asks for: first and last name, address…
Before you end up with the sign-up process, you will also have to answer some questions about your previous trade experience.
But don't feel intimidated, it is not a test that you have to pass. The objective is to know more about you and determine which financial instruments they should recommend according to your knowledge and experience.
As soon as you are registered and have completed your profile, you will stop seeing the “incomplete profile” message.
Let's review the different tabs of the page.
With the “Set Price Alerts” tool, you'll be able to program an alert when an asset is at a certain price. This is ideal in case you want to buy a security that is falling but you believe it will decrease even more.
“News Feed” is the more “social” section. There, traders can interact and share their knowledge.
“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. And we already mentioned the different financial instruments on eToro:
- Exchange-Traded Funds
- Raw materials
- Index funds
The term “social trading” makes sense in the section “People”: that is where you can replicate the trading strategies of the best investors with just one click. You'll be able to see all their profiles and performances.
You can search and find users according to your interests. When you select an investor and indicate how much you want to invest, eToro will automatically replicate their movements, proportionally. If you invest $ 1000 and the user puts 20% of their funds in an asset, eToro will also invest 20% of your money in the same asset, in this case, $ 200.
You will also see the three main types of CopyPortfolios, which are classified into “Top Trader”, “Market” and “Partner”.
The advantage of copying to CopyPortfolios instead of particular traders is that this way the risk is more diversified. The portfolios are identified so you can recognize them easily: one about gaming, another about large drone companies, another about pharmacy … You think that a certain industry will prosper anytime soon? Then look, because surely there is a CopyPortfolio about it.
There are different methods or ways for crypto trading, such as day trading or buying and holding, for naming just a couple.
My recommendation for those who are beginning to invest is something in the middle: placing a dynamic stop-loss (15-20% under the highest price) when you open your Google trade and wait for it to work its magic.
Therefore, if for example you acquire a cryptocurrency at $ 10, it reaches $ 20, and after that it falls to $ 12, your position will be closed at $ 16-17 and you will obtain a pretty good profit.
Perhaps you are wondering: why not selling back when the cost is at its peak? But that would only work for a psychic or a fortune-teller. The mentioned strategy is completely realistic and can work out perfectly if it is well applied.
Later on, you will be able to apply more complex strategies, like short-selling or using leverage.
In case you haven't heard about “leverage”, we'll describe it briefly: it is, simply, the ability to invest a higher amount than you actually have. For example, if you start with $ 100 and you use x2 leverage, you will be investing $ 200.
Why using leverage and how to do it
Assuming that, for instance, you are sure that Google price is going up, and that you have $ 1,000 for “going long”, you should know that you can increase your investment and earn higher profits.
There's the possibility of requesting a credit, but you must know that all the process takes time, and when you receive the money, Google might be already so expensive (if your guess was right) that investing wouldn't be convenient anymore.
Leverage is exactly like a credit, but it is only a few clicks away! You will be able to operate with much higher amounts than what you actually have on the platform. As in the image below, you will see the different options you have:
With other assets, you can use more leverage. The reason: leverage is regularly for short-term operations, and cryptocurrencies tend to be a medium or long-term investment. But let's see how leverage works.
You start with $ 1,000 and decide to use leverage x2, which means you would have $ 2,000 to invest (the extra $ 1,000 to reach $ 2,000 are “borrowed” from eToro).
A week later turns out that Google valuation goes up and now the value of your investment is 20% higher, which means, you have $ 2,400 in Google shares. So, a wise decision is to sell them back now.
You will have to give back the $ 1,000 of leverage and the net profit would be $ 400 (since the other $ 1,000 was your initial investment).
In conclusion, by investing $ 1000 you can make a profit of 40% (in the case you earn $ 400). That is pretty decent.
But not everything is wonderful. If all goes as you planned and the asset increases, you will make profits. However, if the price goes down, you will also lose more money in the blink of an eye.
Let's suppose that the price didn't increase by 20%, but it went down also by 20%, you won't lose $ 20 but $ 40, because of the leverage. For that reason, when operating with leverage it is fundamental to know about Take Profit and Stop Loss.
Take Profit is used as a form of reducing risks when trading. When you enter, you can set a profit limit and ask that your position is automatically closed when the asset reaches a price.
If you bought Google shares at $ 100, you can ask eToro to close once it reaches $ 120. That way, you make sure you won't be blinded by greed and decide to wait a bit longer in case it keeps rising, which could be a mistake since the price could go down again.
On the other hand, when operating with leverage you should always use Stop Loss, because a small decrease in the price of an asset can have a big impact on your wallet. You always need to mark a Stop Loss more conservative than that suggested by eToro.
Virtual account: How does it work?
For those who still don't have much experience in investing, using a demo account can be useful. You just need to set the virtual mode and you can start operating with fictional funds.
A virtual portfolio can be a good way of practicing before starting to trade with real funds. When you open your demo account, you will begin with a virtual balance of $ 100.000, to trade with a variety of financial instruments available on eToro (not only with Google).
The first attempt is not usually that good. But don't worry, since you can ask eToro to deposit back the virtual funds to your account.
Keep in mind that trading is mainly about being cautious, and perhaps using a demo portfolio can make you a bit impulsive. It will never be the same as risking your own money.
Finally, if you are going to invest in the medium or long-term, with profits almost assured only by replicating a strategy, it doesn't make sense that you waste years investing with a demo account. On the contrary, short and medium-term trading is ideal to try out with the virtual mode.
* 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.