How to Start Indices Trading
For beginner traders wanting to learn how to trade the stock indices trading market which is a complex market, the question is how to start? - The best method to learn is to first put away your money open a practice trading account this way you can start trading online without any deposit, meanwhile, train by reading online tutorials available on various sites available on the internet, although we would highly recommend just sticking to the one & only top, best, recommended Indices tutorial website - this website, but feel free to go anywhere else and waste time on those other sites.
How to Open a Demo Practice Account
This website covers all Indices training lessons - the quickest method of how to start is to follow the following steps:
- Find a free online guide for beginners guide - this website
- Find one of the best online brokers
- Download the free trading platform software
- Open a free demo - A demo is meant for practice, with this practice you can begin practicing without depositing or investing money, on this stock indices account you trade the real stock indices market only that you will be transacting with virtual money.
- After registering for a free Demo, come back to this site and on the homepage follow the steps to begin studying the trading lessons.
After following the above steps, you are ready to start, begin with the free course as shown above.
Learning these tutorial concepts will take atleast a few days to a few weeks of more, some concepts can be very confusing for beginners at first, but here we have simplified them for you, but we aren't going to lie to you, at first some of these will be very confusing. For example, you'll get knowledge about buy stop, buy limit, sell stop, sell limit, entry limit stock indices order, entry stop stock indices orders, I can feel some heads spinning, especially for novices, wait until you open platform software & you'll freeze & stare at your screen for 10 minutes trying to figure out what is what. Don't worry within the next ten minutes this training lesson will teach you the whole indices trading software with 2 simple lessons & you'll know the trading platform software & operate it with the ease that you operate Microsoft Word: MT4 Indices Trading Platform Guide
The software that is used for indices transactions is called MT4 platform or just MetaTrader 4
The screenshot below shows user inter-face of this platform.
Indices Software Platform for Online Trading & Placing Orders
After this you are completely setup, navigate to the top navigation menu & access the lessons explaining the terms used in the global stock indices market & other basic indices concepts & strategies.
Indices Software Platforms:
What is a platform? This is software used to connect to the stock indices trading market by connecting traders to the broker so that they can place trades via the internet ( online ).
Online Stock Indices Trading Brokers:
Traders must place transactions through a broker: you cannot trade indices without a broker. Brokers don't charge you anything to open an account, i.e. There is no setup fees. The indices broker only charges if you make indices trades, if you do not transact you're not charged. The brokers make money by charging a few dollars for every transaction this is called the spread.
Indices Charts:
Indices Prices are analyzed through graphs that are oftenly referred to as charts, in basics guide at the top navigation menu of this web site, you'll learn these charts and how to analyze these charts to generate buy and sell stock indices signals.
Learn Basics - Indices Charts and Technical Analysis
It is best to begin indices trading with a demo first, then after you start making profits on the demo you can then open a live account and deposit any amount you want, but before you do that make sure you read these three topics, indices trading money management, stock indices trading leverage & margin, indices trading plan. Beginners ask the question how much money to start Indices with? The answer is the more money you have in your real account the better the risk management, because you will not be undercapitalized.
How Much Money to Begin Indices Trading?
Do not start with $10 dollars, even if your indices broker tells you that you can begin with that amount, in fact do not begin trading with $100 because this amount is not enough to trade with. It's best to save up and start when you've $10,000 dollars which is minimum amount recommended to start indices trading with.
- If you want to start with $10,000 dollars, open a micro stock indices account and only open micro lots
- If you want to begin with $100,000 dollars, open a standard stock indices account and open standard lots
There are 2 types of indices accounts that traders can open: micro and standard. For each the recommended starting trading capital is specified above.
How to Use Practice Stock Indices Trading Accounts
However, for beginners there is a practice trading account provided for practice and this way beginners can start without any deposit investment & practice risk free on demo until they learn the basics & various techniques used in trading the stock indices market. It is recommended for beginners to follow this method where first they start by practicing without depositing real money as they take time to learn what is required to trade profitably.
Follow these steps:Learn to demo practice with a free demo for 30 days then open a real account
Technical Analysis and Indices Key Concepts Training:
Know all about technical analysis & how to combine trading indicators to form a complete system that you can use to profitably generate signals. Read all the guides to make sure you've all the required knowledge.
Finally, be ready to study and do a lot of hard work - study each and every topic here & practice these concepts on a free practice account.
We go beyond what most traders know when it comes to explaining what Indices is and how the online stock indices market works and provide you with as many tools as possible. We go into in-depth analysis of prices.
The data on this web site answers the question, how does Indices work? and has more info than what you will ever find on any other online training website or book, the screen shots, pictures and image examples make the explanations so easy such that we have compressed years of experience on a single site. Be ready to study from these guides until you know how to make profits in Indices Trading Market.
