A finger pointing joystick with magnetic induction is provided. The finger pointing joystick with magnetic induction includes a main housing having a bottom case and an upper cover; a support frame having a fixed end fixedly to an end of the bottom case; a movable sphere disposed on a receiving ring; a joystick body fixed on the movable sphere; an elastic piston piece having a connecting rod inserted through a piston groove, an elastic disc fixed below the connecting rod, a return spring fixed between the movable sphere and the elastic disc, and a magnet correspondingly fixed to the elastic disk; and a magnetic induction element disposed below the magnet.