Trade Stock Indices

Stock Indices Trade for New Traders

Setting up Demo Practice Trading Account and MT4 Indices Software

To start trading a beginner will need to set up a demo trading account which they can practice trading with before opening a real stock account. A practice account often referred to 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 MetaTrader 4 software, you will need to download & install the MT4 in your computer.

After downloading the MetaTrader 4 software, you'll need to log into your stock trading practice account that you registered with your stock broker. Register a demo stock account. Once you as a trader log into your practice demo stock trading account the MetaTrader 4 software will look like the screen shot illustrations explained and illustrated below.

Explanation

Tool Bars - MT4 toolbars are used to setup the tools within MT4 software

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

Data Window - 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 software platform 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 toolbar that is mostly used when trading with MT4 software.

On the Navigation Menu there are various Tabs

Menu Bar

File - Open an account, Sign into account

View - choose tool-bars to view

Insert - Insert tools like 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 illustrate the documentation of the MetaTrader 4 software

Tool Bars

Tool-bars are used for quick access to MT4 tools. Each tool bar has got a name that represents the types of trading tools for that toolbar. 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 outline what the button does.

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

MT4 Indices Platform Lesson.

Get More Lessons and Tutorials & Courses:

Forex Trading Seminar Gala

Forex Trading Seminar

Stock Index Broker