How To Trade Blog: How To Place Buy And Sell Orders On Etoro

If you are a new trader, you will find it strange to get used to the Buy and Sell orders on Etoro. In this article, we will guide you in detail to help you know how to place Etoro trading orders easily.

How do I place Buy orders on Etoro?

In the menu on the interface, click on “Trade Market” to navigate to the menu for choosing the assets you want to buy.

Select the category for trading in Etoro

(2) There are different types of markets such as ETFs, Stocks, Indices, etc. You can choose the trading type you want to trade by clicking on that item.

(3) It helps us to filter by market types, by different platforms around the world (such as NYSE, London, Paris, etc.), or by industry groups (such as Financial, Technology, Healthcare, etc.).

For example,

Here, we will buy a stock of Amazon.

Choose the Amazon stock code. If you want to trade, click “Trade”.

After clicking on “Trade”, we will see an Etoro trading order table as follows. I will explain all the items for anyone who is not yet clear.

(1) Name of stock, order type, and transaction price: for the current order, this is AMZN stock of a Buy order with the price of $3079.72 per share.

(2) Rate: we can use this function to set the price we want to buy. In the above case, we are buying AMZN stocks at the market price of $3079.72. However, we can use the RATE tool to set the price we want to buy at $3050. The buy order will be automatically executed if the AMZN price is equal to $3050.

(3) The amount you invest in this trading order: $50.

(4) Number of shares to buy: 0.02 shares.

(5) Stop-loss – this function helps you to avoid big losses. It will automatically close orders at a preset accepted loss.

(6) Leverage factor used.

(7) Take-profit – this function helps you to automatically close orders right at the preset take-profit.

(8) Place an order.

When does an investor use a Sell order on Etoro?

Most investors expect that the price of the assets they buy will increase to make a profit. If you are new, you may find it difficult to understand how we can make money when stock prices fall. However, with Sell orders, it will be solved properly.

The following example will partially visualize the operating principle of Sell orders for you to understand.

Suppose that stock A costs $100 per share and you predict that the price will go down.

1st step: You borrow 1 share from the broker, then sell it immediately to get $100.

2nd step: If your prediction is correct, the price will drop to $90.

3rd step: You use $100 to buy a share for $90 and you have $10 left

4th step: You return 1 borrowed share. The $10 is the profit earned when the price fell.

Of course, this is just the principle. In fact, you just need to place a Sell order.

In short, when you consider a stock to decline in the future, it is time to consider placing a Sell order in Etoro for short sell. After placing a Sell order successfully, the lower the stock you choose decreases in price, the higher your profit will be. A short sell order is a good tool to help you make profits even when the market is on the decline.

How do I place a Sell order on Etoro?

To open a Sell order, the operation is similar to when you want to buy a stock. However, instead of choosing Buy when you want to buy, when you want to sell short, choose “Sell” at the transaction window.

Make sure that you have a good understanding of the operating principle before placing a Sell order in Etoro.

(1) Name of stock, order type, and transaction price: for the current order, this is AMZN stock of a Sell order with the price of $3075.83 per share.

(2) Rate: we can use this function to set the price we want to sell.

(3) The amount you invest in this trading order: $50.

(4) Number of shares to buy: 0.02 shares.

(4) Leverage factor used.

(5) Stop-loss – this function helps investors to limit the loss of a trading position. It will automatically close the order at the loss specified by the trader.

(6) Leverage factor used.

(7) Take-profit – this function will automatically close the order right when it reaches the desired profit.

(8) Place an order.

(9) Swap fee.

How to manually close an order in Etoro

You can close an order automatically by the stop-loss and take-profit. But if you feel the market is going in the opposite direction of your expectations, you can manually close the order to preserve your capital and avoid losing a large amount of money.

To close an open order, go to “Portfolio” at the main interface. Here, you can view your portfolio. Trading orders with the same stock code will be classified into a group.

If you want to close Copy Trade orders, click on the “Settings” button and choose “Stop Copying”.

If you want to close each order separately, click on the order group to view the details of each order. Then click on the “Settings” gear icon of the specific order you want to close and select “Close”.

Close each transaction separately in Etoro

The order will be closed immediately after completing the above steps. That’s all about the guide on how to place orders on Etoro I want to share with you. I hope you all have good trades in Etoro.

Good bye and see you again in the next articles!