How to Indices Trade
Let us you are a new indices trader wanting to start indices but you don't know what's indices trading or even how to indices trade. Well this tutorial will get you started explaining what you need to do before starting stock indices trading and tell you one or two things about how to indices trade.
The first thing you need to know when it comes to how to indices trade are:
- Demo Account
- Software
- Setting Up Indices Guides
By following these 3 steps then setting up how to indices trade becomes easy for you as a indices beginner.
Stock Demo Account
The first time as trader you start doing some research about indices, you will be so confused as indices trader that you do not even know where to start or what to begin with, even getting a demo stock account and process of setting up this indices practice account will be confusing.
So to setup a practice stock account you will need to just follow these steps:
Step1: Find a good broker - demo stock trading accounts are provided by indices brokers
Step2: Go to this stock trading broker and search for the link "Open demo indices account" or "Open Practice Account"
Step3: Once you click this type of link, you will then arrive at a page where the broker will ask you to fill your details so as to register for the demo indices account, The details are your name, phone contact and email & country.
Step4: Once you fill your details on this form press the register button, once you finish this registration your stock broker will then give you a "username" for the account you have registered and a "password" for the account. Along with this a broker will also provide a link where you can download their indices platform. Click the link & download the trading software.
Stock Software
For this step you will then install the trading platform you've just downloaded.
To install indices software platform
- Go to download folder(to go to download folder, maximize the firefox web-browser window panel and click key-board short-cut key CTRL+J, this will bring a pop-up window panel of the download folder)
- DoubleClick the set-up package of the trading software you have just downloaded.
- Follow the instruction by clicking "accept" & then click "next", "next"…. Until you get to the "finish" button, then click finish button and your set-up is complete.
To Open the Stock Indices trade platform
- Go to desktop & look for the short cut Icon for the Indices platform, it should have the name or logo of the broker. Or you can go to "Start menu" bottom left corner of your comp and form the programs menu look for the name of the trading software.
- Once you Open the trading software, then you need to login to your indices platform:
- To Log in
- Navigate to "File" at the top-left corner of the platform
- A dropdown menu will appear, from the option look for "sign in" click it
- A Username & Password Login panel pops up, Input your password and username you got when you signed up with your stock trading broker.
- If you forget your username & password, open your email account that you signed up with & you will have gotten an E-Mail from the broker where you can refer the username and password details.
- After you have logged in to your trading account, now you are ready to learn how to indices trade & how to place trades using these indices platform software.
How Do I Trade with the trading Software
So as a beginner trader it may seem complex but let us just look at some pointers on how to indices trade this indices platform.
The first windows are market watch this is simple straight forward window that display stock prices that you will be trading. You also can right click on any stock price feed for example any MetaTrader 4 symbol to open a display of a stock chart like the one above, the stock chart you will open, press open Chart.
The Data window will show data about you logged in account, & data of technical indicators as shown in the above image screenshot.
The terminal will show account balance & all open trade, to expand this widow, hover your mouse until the cursor changes, then click & hold down mouse button key & move the mouse up.
Then there is the menu bars, example File, View…. If for example you want to hide the stock trading market watch widow, click view and uncheck/untick the stock trading market watch widow, the stock trading market watch window will disappear. To make it appear again click view again, then check/tick marketwatch window panel, it'll reappear. Each button on this menu is self explaining for example charts button is a button that manipulates the charts opened, changes time frame, generally all about charts.
To learn the complete MT4 platform tutorial go to MT4 Guide & About Indices Softwares.
By now you already know how to trade & can even place a buy or sell indices trade on the platform by right clicking anywhere on the stock chart window above, then click trading, then open a new buy or sell indices trade using the window panel that appears.
But because you don't know when a trader buys or sells a indices instrument, & because you don't know how to indices trade with market orders, you need to learn just a few beginners indices tutorials to complete these how to indices trade tutorial, and because these lesson cannot fit on this page here are the links to these how to indices trade guides:
Putting Up Indices Tutorials
1.How to Begin trade for Beginners an Online Indices trade Tutorial
3.Online Indices trade Guides & trade Education
4.Best Indices trade Tutorials & trade Training Made Easy
9.Benefits of Spot Indices trade
13.Best Indices trade Platforms/ Best Indices trade Software
14.Live Indices trading Account Types
15.trade Demo Trading Accounts/ Practice Trading
16.How to Trade Indices/ trade How to Trade Indices trade
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