Trade Stock Indices

Stock Indices Trading for New Traders

Setting up Demo Practice Account and MT4 Indices Software

To start trading a beginner trader will need to set up a practice account which they can practice trading with before opening a real stock trading account. A practice trade account commonly known as a demo stocks account is a account provided by a broker so that a beginner trader can learn to execute stock trades risk free and at the same time learn the platform of the broker.

Learn Trading for New Traders

Before you learn the MT4 platform, you will need to download & install the MT4 on your computer.

After downloading the MT4 software, you will need to log into your stock trading practice account that you registered with your stock trading broker. Register a demo stock account. Once you log into your demo stock trading account the MT4 platform will look like the screen shot examples explained & illustrated below.

Explanation

Tool Bars - MetaTrader 4 toolbars are used to setup the tools within MetaTrader 4 platform

Market watch - Show stock price quotes, stock quotes of instruments

Data Window Panel - Shows Trading Account Data

Charts panel - Shows charts

Charts Tabs - Shows open charts in tabs

Terminal - Shows Summary of account balance & open trades

Connection - Shows if the platform software is connected to the broker or not

Exchange Rates - Shows stock chart prices in the form of a graph & also the current stock price on a stock chart.

Now that as a beginner trader you know what each window of the platform represents, let’s look at the charts tool-bar that is mostly used when trading with Meta Trader 4 platform.

On the charts Navigation Menu there are various Tabs

Menu Bar

File - Open an account, Sign into trading account

View - select tool bars to view

Insert - Insert tools such as trend lines & other stock chart indicators

Stock Chart - Change Chart settings

Tools - Change MetaTrader 4 software settings

Window - View a stock chart window for any indices instrument or for a different chart time frame

Help - Topics which explain the documentation of the MetaTrader 4 platform

Tool Bars

Tool-bars are used for quick access to MT4 tools. Each tool-bar has a name that represents the types of tools for that tool bar. As a trader you will have to explore by clicking these buttons to learn what each trading tool is used for. Generally, hovering the mouse pointer over a button will name what the button does.

You can also learn how to customize each tool-bar on the trading software from the Learn Trading for Beginners

MT4 Indices Platform Lesson.

Get More Lessons & Courses:

Forex Trading Seminar Gala

Forex Trading Seminar

Stock Index Broker