|Recommended Broker 🇮🇪||
|🌐 Official website:||www.etoro.com *|
How to buy
For those who live in Ireland, the best way to invest in Huawei shares is, definitely, this popular broker.
eToro, one of the main brokers around the world, is registered and licensed, among others, by the Cyprus Securities and Exchange Commission, and therefore complies with all the regulations of the European Union, the most demanding in the world.
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 inbox: you should have received an email from eToro, click on the button 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 trade
As soon as eToro has confirmed the receipt of your credit, you just have to search for “Huawei” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
What does Huawei do?
Huawei is one of the largest technology and telecommunications companies in existence today. Its best-known product is smartphones, but it also produces telecommunications equipment, routers and modems, consulting services and software.
Like many of today's large companies, Huawei started with a modest capital of 3 thousand dollars and 3 employees. It was in 1987 when engineer Ren Zhengfei founded the company in the city of Guangdong to distribute imported telephone exchanges.
During those years, China was looking to modernize the country's telecommunications and Huawei's founder saw the opportunity to scale his venture to a national telecommunications company. Thus, he interspersed the commercialization of telephone exchanges with the practice of reverse engineering from which he hoped to develop his own product.
Thus, in 1993, Huawei launched a telephone switch completely developed by them and which was better than any of those available in China at the time. And this first step was enough for Huawei to become what it is today.
Evolution of Huawei
If anything characterizes Huawei, it is the speed with which it adapts to market requirements and advances in technology.
In its evolution it went through manufacturing products based on GSM, CDMA and UMTS technologies. The production of routers and LTE telecommunications equipment, as well as its cell phones being in 2009 when Huawei would produce its first smartphone with the Android operating system.
One of its milestones was the Huawei P40 whose camera completely eclipsed all other devices available on the market at the time regardless of whether it was Samsung or Apple. There was no one who at the time did not see the advertising of the smartphone, listen or read something about it.
Subsequently, already framed in the trade war between the United States and China, Huawei was one of the sanctioned and most damaged companies. First, Google was banned from selling the Android operating system for Huawei cell phones. Secondly, because of Trump's accusations of espionage, with which he asked his allies not to maintain relations with the company.
But despite this, the company has found a way around the obstacles to the point that the sanctions have not prevented it from becoming the world's largest cell phone manufacturer. Likewise, Huawei continues to lead the development and implementation of 5G technology worldwide.
And all this just goes to show how big Huawei has become, to the point that the world's leading economy cannot fully exert its power over it.
eToro, our recommended option for buying Huawei shares from Ireland?
- It offers techniques and moves from skilled investors so you can replicate them
- Admits short-trading
- Very intuitive and simple
- You can trade leveraged
- It is possible to invest in plenty of different products
Official homepage: www.etoro.com
You should definitely consider eToro in case you are thinking about investing in Huawei from Ireland.
eToro is known for making “social trading” a trend, an ingenious way of investing in which traders can repeat the strategies of other investors who have been generating profits over time.
eToro is very helpful if you are still a novice user in trading. You can rest assured that you are doing a smart investment move when replicating those from subjects with a great deal of expertise. Additionally, in case you are an investor, the platform pays for your knowledge.
It is also worth mentioning how easy is to manage the platform, ideal for beginners who are starting in the investment world.
What are the assets you can trade in eToro?
You already know about stocks, there are a few more financial assets you can trade .
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 safer.
You may have a different idea, but very few investors can beat the benchmark (although you have probably heard of investors who obtain huge returns).
But putting aside some exceptional cases (like Warren Buffett's), all that glitters is not gold: if you hear of someone who has beaten the index, it was probably for a short time, or their rates are really high. In the end, indexing is better because commissions are minimal. Besides, if something happened once, it doesn't necessarily represent a regular behavior.
The good thing about index funds is that they solve both issues: their fees are insignificant and they regularly beat active managers, but in the long term.
ETFs or Exchange-Traded Funds are a type of passively managed fund, similar to index funds. We can say that ETFs are halfway between stocks and funds: they are traded in the market like stocks, during the day. Their advantage is that they offer more alternatives compared to stocks, and the rates are much lower than those of an actively managed fund.
Commodities or raw materials
Most people invest in raw materials due to their stability. While other assets tend to fluctuate more, raw materials prices vary less and offer safety against inflation or market volatility. Nevertheless, prices do depend on supply and demand, so if the fear of possible inflation provokes greater demand for a certain good, the price will also increase.
Consider that the only intended profit from the investment in raw materials will be the hypothetical capital gain after the sale since, unlike shares, these do not give returns or pay interest.
There are two basic kinds of commodities: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals, and oil; and the latter are agricultural resources as sugar, coffee, corn, soy, among many others.
Forex or currency trading is the exchange between a pair of currencies.
For example, if you decide to trade the EUR/USD pair, you speculate how many dollars it will take to buy a euro, with the expectation that the first currency (the euro) will revalue compared to the second (the dollar), to make a profit by selling it. Assume you entered when a euro is worth 1.10 USD and you exit when it reaches 1.15: as a result, that margin will be yours once you sell back.
You may be thinking that this form of trading requires investing considerable amounts, and you are not wrong, since fluctuation in prices is never that dramatic, and often you will need to use a lot of leverage (which is an important risk). In case you are just starting to trade, we don't recommend beginning with the currency market, because it is very risky and complex.
You can exchange with almost every popular currency on eToro but bear in mind that in this market sales are always made through contract for differences, thus the underlying asset won't be yours.
About Contracts for Difference
If you already browsed eToro, you must have seen how the initials CFD appear all the time. Before we explain what this is, we must say that cryptocurrency operations on eToro are only CFDs if you are short-selling or leverage above x2 (nevertheless, this is not even an option on the platform).
We will also refer to terms like short-selling and leverage, in case you are thinking about day trading cryptocurrency or more advanced operations.
The advantage of eToro is that it lets you bet both “in the black” and “in negative”. In a hypothetical case: you are sure that the Huawei will fall, so probably you think that it is better to refrain from getting in until it does. But if you are almost sure that it is going down, why not take advantage of that?
You can do that by “going short”. More or less, it works like this:
- Someone lends you, let's say, 100 units of Huawei, with a total price of $ 5,000 (these numbers are completely made up)
- You sell the 100 units and earn $ 5,000
- The Huawei devaluates from $ 50 to $ 30
- You obtain the 100 units again, but at their current price, $ 3,000
- You pay back the 100 units to whoever loaned them to you
- You will have made $ 2000, since you keep the difference
It is far more simple than it may seem. Just bear in mind that by trading in Huawei on eToro, you can make money when you anticipate downs.
Payment methods on eToro
Among the payment options that eToro accepts you will find: credit card, PayPal, bank transfer, Neteller, and Skrill. There is not much to say here: making a deposit with eToro is very easy. Just go to “Deposit funds”, choose an amount and the payment method you prefer.
Evidently, for security reasons, you should be the holder of the account or the credit card.
You can start from $ 200, and there is a limited maximum for unverified accounts. So, if your intention is to deposit larger sums, you should contact Support to verify your account first.
You can make the payment in any currency and eToro will do the conversion to USD. However, we suggest depositing directly in USD since the platform charges a commission.
How does eToro work?
We already said that one of the best features of eToro is how simple it is to use the platform. You don't need to read a lot or have previous knowledge to start trading.
Everyone who has previously used Twitter, Facebook or any of the most common social networks, has enough skills to use eToro.
Let's talk about the sign-up process and the different sections of eToro.
When you open your account, you will have to fill in your personal data, like first name, last name, address….
Also, you will see that they ask you some questions about your experience as an investor.
However, it's not like they're testing you or anything. They are only measures to know how much knowledge you have and what type of financial instruments they can suggest. For example, if you have never invested before, they will not recommend that you invest in futures.
Let's get to know the different sections of the page.
“Set Price Alerts” allows you to set alerts on the price of certain assets. You just have to click on the three points at the end of the line and you will be able to program a price alarm. It is a very useful tool for when you are after an asset which price is decreasing, but it seems to you that it will decrease even more.
The section “News Feed” allows users to interact and learn from each other by sharing their opinion and experiences.
“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. And we discussed previously in this guide the kinds of assets that are available on eToro:
- Exchange-Traded Funds
- Forex trading
- Index funds
In the section “People”, you can find the profiles of eToro users and their historical performance. This is where the term “social trading” makes sense since you can replicate the movements of your preferred traders.
You can search and find users according to your interests. You can apply filters like country, average profits, or financial market. When you select an investor and indicate how much money 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 invest $ 200 of your funds in the same asset or company as well.
You will also see the three main types of CopyPortfolios, which are “Top Trader”, “Market” and “Partner”.
The advantage of copying to CopyPortfolios instead of individual investors is that this way the risk will be more diversified. There are all kinds of portfolios that you can find easily and are divided by sectors. So, if you suspect a specific industry, such as biotechnology or drones, has good chances to succeed, you can look for that specific portfolio and do your investment.
“Social trading”, an innovative concept
eToro was the first broker to suggest that trading could become social, and time has demonstrated that it was an excellent idea. Since that moment, a lot of other platforms have imitated this concept, but we have tried them all and eToro is still the best.
But it wasn't just about creating yet another social network to talk about investment. The real innovation was in allowing users to replicate the strategies of experienced traders, and to reward the latter for their ideas and knowledge.
It is not complicated at all. When you enter eToro you will see in the left menu the options “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” contain a collection of assets of a certain sector. For example, if you think that the gaming industry is going to prosper shortly but you don't have enough information (or time) to choose stocks, you just have to pick the CopyPortfolio called “InTheGame”, which includes companies like Google, Microsoft, NVIDIA, Nintendo, Logitech…
You should know that in the past twelve months, 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 traders of the platform: in “Copy People” you can find eToro users who are very successful investing and whose operations you can replicate.
In each user profile, you will be able to see their risk profile (the higher the risk, the more possibilities of winning more and losing more), their performance history, and the kind of financial instruments they operate..
Replicating other people's investments can be very interesting and useful, but you should also make the most out of the platform's community, read what other users think, and learn from them. It is great for acquiring important knowledge, especially if you intend to turn investing into a lifestyle.
There are different methods or ways for crypto trading, like day trading or buying and holding, for naming just a couple.
In case you don't have much experience trading, our suggestion is something in the middle: placing a dynamic stop-loss (15-20% under the highest price) and wait for it to work.
Therefore, if for example you acquire a cryptocurrency at $ 10, it goes up to $ 20, and after that it decreases to $ 12, your position will be closed at $ 16-17 and you will obtain a pretty good profit.
I know it might sound more appealing to sell when the cost is at its peak, right before corrections, but unless you're psychic, that's impossible. The mentioned method is much more down-to-earth and, well applied, it can work very well for you.
Later on, you will be able to apply more sophisticated strategies, such as going short or using leverage.
* 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.