If you want to start investing in Tesla shares with Trading because you believe that very soon most of the cars will be electric, it will be important to understand how to do it in the most appropriate way.
The easiest way to do it is to play the Stock Exchange directly from home, this is an activity accessible to all people who have a computer and an internet connection.
It is the online trading platforms that provide this service, you will simply need to register with a trading broker qualified to trade shares.
CFD Trading will be the fastest way to trade but it will not be the only one. Surely, going to your bank will give you the opportunity to buy stocks, but it will not be immediate. You will have to go through different intermediaries and above all, it will not be so cheap.
Trading CFD was created to give even small investors the “luxury” to invest in stocks like big entrepreneurs.
For those who have a few tens of euros to invest, it will be an optimal solution.
Starting to invest in Trading CFDs will mean opening an account (free of charge) with a broker and accessing the financial markets.
By the way, all the platforms mentioned on our website, those recommended by us, are certified by CySEC and CONSOB (European regulatory bodies) to carry out transactions without the risk of being cheated.
Plus500, Markets and 24option are some of the platforms we recommend to traders who start trading as they provide a Free Demo Account to learn without losing money.
Tesla Brief Description
Tesla is a company that was founded with headquarters in California, precisely in Palo Alto.
Tesla is a company based on sustainable energy that aims to transform the worldwide mobility of vehicles, making everything completely electric.
It is one of the most important companies that produces electric vehicles.
But this big company doesn’t just do this, it sells:
- solar panels;
- solar roofs.
Among other things, it deals with stationary storage for both residential and commercial properties, including utilities.
One of the most popular cars is the Tesla Roadster, which debuted in the markets in 2008 and was so successful that other models were produced in subsequent years, such as:
- Model S in 2012;
- Model X in 2015;
- Model 3 in 2017.
More than 100,000 cars were produced for private customers.
We also add that Tesla became public in 2010 and employs about 40,000 people on its staff.
Investing in Tesla Shares With CFD Trading
To invest in Tesla shares, you need to have a complete picture of CFD Trading.
So, before we explain how to invest in Tesla shares, we will give you some basic notions to become masters of the concepts.
Contracts for Difference or CFDs are financial products for trading derivatives that allow traders to invest in changes in financial markets, such as stock indices, commodities, individual stocks, ETFs, cryptocurrencies and currency pairs, without actually owning the underlying asset.
Trading CFDs opens a contract with the broker.
The gain or loss, we can say that they are then calculated based on the price difference of a market from the moment you open a position until closing.
With their growing reputation over the years, we confirm that CFDs are now used to trade a wide range of markets including indices, energies and commodities, cryptocurrencies.
When trading CFDs, you will find two prices indicated the buy and sell price.
The difference between the two is called the Spread. By trading at the buy price, you will profit if the value of the asset increases. By trading at the sell price, you will profit if the value of the asset decreases.
Here are the five steps that give you a brief overview of CFD trading:
- Choose instrument: Choose the instrument, such as the EUR/USD currency pair or a stock index such as UK 100, on which you want to trade. CFDs give you access to various global markets such as commodities, individual equities, treasury stocks and more.
- Decide whether to buy or sell: buy (go long) if you expect the shares of the asset to rise or sell (go short) if you expect the shares of the asset to fall.
- Enter a size: Choose how many units you want to trade. The value of a CFD unit may vary depending on the instrument you have decided to trade.
- Manage Risk: Always select stop loss when trading.
- Monitor your open position: Once you have opened your position, check positions including stop loss orders or take profit orders to track your gains and losses in real time.
- Close the position: If the trade is not closed automatically due to a stop or take profit order triggered, close the trade when you are ready.