How to trade US30 on MT4

TutorialsJanuary 7, 2022

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US30 is one of the most crucial stock indexes of the US stock market. US30 is the top concern of US stock investors because it is an attractive, safe, and stable, profitable instrument. If you are an index trader, the US30 is a stock index that you cannot ignore. Follow the article below to know how to trade US30 on MT4.

How to trade US30 on MT4

Currently, most Forex trading platforms have a US30 index for traders to trade efficiently. US30 is in the form of CFD contracts (cash and futures).

Trading cash CFDs is essentially trading in the market at the moment. Futures CFD trading is a form of derivative trading, buying and selling the future price of that product up to a certain maturity. Depending on your needs, you can choose the product you want.

How to trade US30 on MT4 as follows:

Step 1: Access your MT4 account, move your mouse to the Market Watch window > right-click on US30 (Cash or Future) > New Order. The trade window then appears.

Note: If the US30 index is not showing in the Market Watch window. Click View > Symbols > CFD Cash/ CFD Future > US30.

Step 2: Customize some trading parameters such as Volume (volume), Stoploss, Take profit (stop loss and take profit), Type (order matching type).

Step 3: Click Buy or Sell to open a trading order.

How to trade US30 on MT4

How to place a pending order to trade US30 on MT4

In addition to trading the US30 index at market price (Market Execution), you can also place a pending order (Pending Order) on Metatrader4.

Pending orders on MT4 are divided into four types:

  • Buy Limit – an order to buy at the bid price (Ask price) equal to or lower than the price specified in the order. At this point, the current price is higher than the value specified in the order. Orders of this type are usually placed with the expectation that the price will rise after falling to a certain level.
  • Buy Stop – an order to buy at the bid price (Ask price) equal to or higher than the price specified in the order. At this point, the current price is lower than the value specified in the order. Orders of this type are normally placed with the expectation that the price of the instrument will reach a certain level and continue to rise.
    How to place a pending order (Pending Order) on the Meta Trader 5 trading platform
  • Sell ​​limit – a trading order to sell at the ask price (Bid price) equal to or higher than the price specified in the order. At this point, the current price is lower than the value specified in the order. Orders of this type are usually placed with the expectation that the price will drop after a certain level has been reached.
  • Sell ​​Stop – an order to buy at the ask price (Bid price) equal to or lower than the price specified in the order. At this point, the current price is higher than the value specified in the order. Orders of this type are normally placed with the expectation that the price of the instrument will reach a certain level and continue to fall.
How to trade US30 on MT4

To place a pending order to buy the US30 index on MT4, in the US30 index trading window, click on Type > select Pending Order. Under Pending Order, select 1 of 4 types of pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) and the price you want to place for buy limit/sell limit. And then press Place to open a new order.

How much money do you need to buy US30 index?

Traders buy/sell US30 by volume. To know the minimum trading volume, right-click on that asset > select Specification > Contract size.

However, the usual trading volume applied to indices is at least 1.

In addition, you can also use leverage to trade larger volumes than you have.

What other indices should you buy?

UK100

Including some of the largest companies regulated by UK company law, it is essential to note that not all UK100 companies are based in the UK. The index is calculated in real-time, and prices are published continuously during the open market. The index focuses on the energy, financial services, mining, pharmaceutical, and oil & gas sectors.

SPX500

The SPX500, also known as the S&P 500, is without a doubt the most widely known index in the world. It was created by Standard & Poor’s publishing company and included the top 500 companies in the US. Because of its strong correlation with other markets, the S&P 500 is a popular choice among traders.

NASDAQ

The NASDAQ is the best known US index in the technology sector. While it also includes several other areas, names like Apple, Facebook, and Google are all part of it.

Most investors know that the index is the intelligent choice, helping investors build a safe, diversified and effective portfolio. Compared with other investments, investing in the stock index in general and the US30 index, in particular, will help investors reduce risk by diversifying portfolios and saving costs while still meeting the requirements on profits.

Investiki.com

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