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

Prior to learning the MetaTrader 4 software, it is necessary to download and install MT4 on your computer.

After you download the MetaTrader 4 program, you must sign in to the practice account you made with your broker. Sign up for a practice stock account. After you sign in to your practice stock account, the MetaTrader 4 program will look like the pictures shown and described 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 - Displays stock chart prices in a graphical format, along with the current stock price on the chart.

Now that you, as a new trader, understand what each part of the platform does, let's take a look at the toolbar used for charts when trading with MT4.

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

Toolbars in MT4 provide quick access to various trading tools. Each toolbar is named according to the type of tools it contains. Traders should explore these buttons to familiarize themselves with their functionality. Hovering over a button typically reveals its purpose.

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

MT4 Indices Platform Lesson.

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