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How to buy
For those who live in Ireland, a great way to invest in Huawei shares is, without any doubt, 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: you 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.
If you have a choice, we do not recommend bank transfer because it takes longer, and it can be very frustrating to see the price of Huawei rising while you wait for your transfer to be done.
How to make your first purchase
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.
*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.
Huawei business model
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.
Reason for using eToro for investing in Huawei from Ireland?
- Really intuitive and simple
- It offers techniques and moves from experienced traders so you can copy them
- Allows “shorting” or short-selling
- eToro allows leverage
- There are uncountable possibilities for investments
Main site: www.etoro.com *
You should consider eToro if you are thinking about investing in Huawei from Ireland.
eToro is famous for making “social trading” fashionable, an ingenious form of investing in which traders can emulate the strategies of other investors who have been generating income for a long time.
If you are still a newbie or do not have much experience in investments, eToro is great for you. You can rest assured that you will be doing a smart investment move when replicating those from subjects with a long profit record. Oppositely, if you are an investor and want to share your techniques with others, eToro rewards you with money.
Another thing to mention is how manageable the platform is, which turns out perfect for new users that are just learning all about the trading world.
Assets available in this broker
We already know about stocks, there are more financial assets you can trade in this broker.
Commodities (raw materials)
The main attraction of investing in raw materials is that their price fluctuates less than that of other assets. Actually, their security is what makes people often invest in raw materials, to take refuge from market volatility or inflation. Despite that, 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.
Note that the only intended income from the investment in raw materials will be the hypothetical capital gain after the sale since, unlike stocks, these don't give returns or pay interest.
Commodities can be divided into two main categories: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals (like aluminum, iron, or zinc), and oil; while the latter are agricultural goods, like wheat, soybeans, vegetables, or even dairy, among many others.
Exchange-Traded Funds or ETFs are similar to index funds. They can be described as a merge between stocks and mutual funds. They are traded in the market like stocks, during the day. However, their advantage is that they offer more alternatives compared to stocks, and the rates are much lower than those of an actively managed fund.
Foreign exchange trading or Forex consists, as the name says, in the exchange of currencies. It's the conversion of one currency to another to make a profit through the operation.
If you decide to exchange EUR and USD, for instance, you speculate how many dollars it will take to buy a euro, with the expectation that the euro will raise its price 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, that margin will be yours.
As you may have deduced, operating with foreign exchange usually implies investing a lot, because prices never increase that much, or using a lot of leverage, which could be incautious. If you are new to the world of trading, we don't recommend beginning with the currency market, because it's not the safest alternative.
You can exchange with almost every popular currency on eToro. Nevertheless, take into consideration that Forex trading functions through contract for differences, therefore the underlying asset won't be yours.
How to deposit funds on eToro
Within the payment options that you will find on eToro are: bank transfer, PayPal, credit card, Neteller, and Skrill. There is not much to explain here: making a deposit with eToro is very easy. You just have to click “Deposit funds”, type the amount and choose a payment method from the previous ones.
Remember that for security reasons, you must be the owner of the credit card or the account.
You can start with a $ 200 deposit, and if you are not verified you will have a maximum amount allowed. Thus, if your intention is to deposit higher amounts, you will need to verify your account previously.
eToro allows deposits in any currency, but charges a fee for making the conversion to USD. So it is better to use USD from the beginning.
How does eToro work?
We mentioned before that eToro is very friendly and intuitive. Anyone can start using it without having to read endless explanations.
You won't have any issues with the interface if you are familiar with any other social network.
We will explain, roughly, the registration process and the different tabs that you will find.
When you register, you will have to enter your personal data.
Additionally, you will see that they ask you some questions about your experience at investing.
However, it's not like they're testing you or anything. It is only a way of finding out 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.
You will see a bar that says “incomplete profile” until you complete all the requested information.
Let's get to know the fundamental sections of the page.
With the “Set Price Alerts” tool, you'll be able to program an alert when a security is at a certain price. This is ideal in case you want to purchase an asset and you are waiting for it to decrease.
The section “News Feed” allows users to interact and share their experiences and knowledge.
In “Discover” you will find: “Instruments”, “People” and “CopyPortfolios”. And we discussed previously in this guide the different financial instruments that are available on eToro:
- Exchange-Traded Funds
- Index funds
In the tab “People” are all the profiles and historical performances of other investors, and you can replicate their movements with just one click. This is where the “social trading” term is best applied.
In this section, you can search and find users according to your interests. You can apply filters like country, average profits, or financial instruments. When you choose an investor and indicate how much you want to invest, eToro will automatically replicate their movements, proportionally. For example, if you invest $ 1000 and the user puts 20% of their funds in an asset, the platform will invest $ 200 of your funds in the same asset as well.
Finally, you will also see the CopyPortfolios divided into three main categories: “Top Trader”, “Market” and “Partner”.
The advantage of copying to CopyPortfolios instead of people is that this way you will diversify the risk. There are all kinds of portfolios that you can find easily and are classified by sectors. So, if you think a specific industry, such as e-commerce or pharmacy, will prosper in the future, you can look for that specific portfolio and invest.
What is social trading?
The first platform that conceived trading as a social activity was eToro, and the idea became popular really quick. Other brokers have also adopted this concept, but we have tried them all and eToro is still the leader.
But the main accomplishment wasn't just recreating a social network in the world of trading. There are already countless sites to talk about investing, but they wanted much more: the great innovation of eToro was allowing investors to imitate the strategies of other users, who were paid for their ideas.
In the left menu of the site, you will see “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” are a kind of portfolio that bundles a number of assets in a certain sector. For instance, if you think that the gaming sector is going to succeed soon but you don't have enough information (or time) to choose stocks, you just have to invest in the CopyPortfolio “InTheGame”, which includes Google, Microsoft, NVIDIA, Nintendo, Logitech, AMD, Intel…
You should know that in the past twelve months, CopyPortfolio has given returns of 100%. And you can benefit from it just by choosing a portfolio, enter your chosen amount, place the stop-loss order and click on the “Invest” button.
The other alternative is to directly copy traders: in “Copy People” you can find eToro users who are very successful investing and whose moves you can replicate very easily.
In each user profile, you will be able to see their risk profile (how much risk do they take when trading), their performance, and what kind of financial instruments they trade: stocks, foreign exchange, cryptocurrencies, commodities….
Besides copying other user's strategies, which is great and very helpful, we also recommend that you make the most out of the community by reading other users. You can learn a lot from their experiences and knowledge, particularly if your goal is to make a living from trading.
There are different methods or ways for crypto trading, such as day trading or buying and holding, for naming just a couple.
In case you don't have much experience trading, I suggest something in the middle: placing a dynamic stop-loss (15-20% under the highest price) when you open your operation and wait for it to work on its own.
Therefore, if for example you purchase a cryptocurrency at $ 10, it reaches $ 20 and then decreases to $ 12, your position will be closed at $ 16-17 and you will have made a decent profit.
It might sound more appealing to sell when the cost is at its highest, right before corrections, but unless you're clairvoyant, that will never be possible. The above strategy is much more down-to-earth and it can give great results.
Later on, you will be able to apply more complex strategies, like short-selling or using leverage.
How does a demo account work?
For those who still don't have much experience in investing, a demo account can be useful. Just assure yourself that the virtual mode is set and you can start practicing with a “fictional” amount.
A virtual account can help you to practice and gain experience before starting to operate with real funds. When you create your demo account, you will begin with a virtual amount of $ 100.000, to trade with a variety of financial instruments available on the platform (not only with Huawei).
The first attempt is not usually that good. But you can ask support to replenish the virtual $ 100k to your account.
But remember that you need to be prudent for trading, and demo account trading can have an adverse effect. It is completely different to risk your own money than to operate with a false balance which loss does not suppose any drama.
And of course, the virtual mode is kind of absurd if you intend to trade in the medium or long-term, since you would be wasting years to see the outcome. Demo accounts may be ideal for practicing short or medium-term operations.
Frequently asked questions
* 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.