Take a look at the information below to help you understand Forex trading. If you have questions, don’t hesitate to contact our specialists by phone +61 283 113 231, email email@example.com or leave us a message below.
Understanding the Basics
Have you ever heard of FTSE 100, Dow Jones or NASDAQ? Collectively, they are known as stock indexes or indices – a weighted average of a current price of a group of shares from a certain exchange. The index can represent a market sector, or even a whole economy. For example, the Dow Jones Industrial Average is made up of stocks from 30 of the largest US companies and represents nearly 25% of the US market.
There are two main types of indices:
Capitalisation-weighted indices are the companies with a higher total market value who/that will have a bigger impact on the price of an index.
Price-weighted indices (like Dow Jones) are companies with a higher share price who/that will affect the index’s price more. For example, a company with a share price of $10 will have ten times more impact than a company with a share price of $1.
Since indexes or indices are an abstract notion, the only way to trade them on the MetaTrader platform is through CFDs (Contracts for Difference).
Advantages of Indices trading
By registering an account with 24h Trading, you’ll receive a number of benefits:
|Symbol||Leverage (max)||Swap Long||Swap Short||Max Order Size||Size of 1 Lot||Spread||Trading Hours|
|UK100||1:50||-60.342||-51.058||20||100||floating||00:05 22:15 , 22:30 23:00|
|DE30||1:50||-82.165||-82.165||20||100||225||00:05 22:15 , 22:30 23:00|
|FRA40||1:50||-43.937||-42.496||20||100||225||00:05 22:15 , 22:30 23:00|
|HK33||1:50||-246.225||-175.875||20||100||floating||03:15 06:00 , 07:00 10:30 , 11:15 17:55|
|US100||1:100||-60.321||5.16||20||100||225||01:05 23:15 , 23:30 23:55|
|US30||1:100||-325.3||-85.6||20||100||floating||01:05 23:15 , 23:30 23:55|
|US500||1:100||-26.488||-13.244||20||100||floating||01:05 23:15 , 23:30 23:55|
Choosing a Trading Platform
What platforms do we offer?
MetaTrader4 is the best trading platform on the market for performing technical and fundamental analysis. These platforms offer access to more than 900 instruments – Forex, indices, commodities, stocks, bonds, cryptocurrencies and CFDs. All information is displayed in easy to understand charts and you can trade and monitor your trades 24/7 on a variety of devices: desktop, mobile or tablet.Read more
Why do I need a trading platform?
MetaTrader has been designed with the trader’s interests in mind. It is easy to understand, nearly intuitive. It saves you time because you have everything at your fingertips: market information, instrument’s analysis, indicators. You can perform trades and set key levels with one click or tap. It’s important that you use the platform provided by your broker, as the bid/ask pride may differ and hence it is difficult to trade correctly with a generic MT4.Read more
How do I install it?
There are three types of platforms we offer, depending on the device you want to use it on: desktop, mobile and tablet version. To use MetaTrader on mobile and tablet, simply download the app from Google Play or App Store.
To install the Client Terminal (desktop version) For Windows:
1. Download and launch installation wizard.
2. Choose a directory for installing the program and follow the installation wizard’s tips. After the terminal has been installed, it will run automatically.
To install the Terminal on Mac OS:
1. First install PlayOnMac – free application for easy installation of Windows applications on Mac OS.
2. Together with PlayOnMac, Wine will be installed – software that allows to run Microsoft Windows apps. Select the latest version.
3. Install the Terminal by downloading "mt4setup.exe" and launching the file. PlayOnMac will automatically open it.
Market may not be available on Mac OS.
Setting Up Your Account
To start trading indices with 24trading.co.uk, you’ll need to open a Live Account (Standard, Premium or Select). Once registered, you can apply for margin trading. If you have never traded before, we suggest you learn the basics first by opening a Demo Account. In order to set up your account, click the “Open New Account” button on top of the page.
- To open an account, simply fill-in the registration form.
- Complete the verification process by sending us your ID and proof of residence documents.
- Add funds.
- Select CFDs on indices you want to trade.
- Decide on the position size.
- Choose order type.
You’re an index trader now!
Our pricing policy is extremely transparent. We have minimized all operating fees, so that you can be entitled to 100% of your profits.