NASDAQ100 Market Analysis

How to Trade the NASDAQ 100 Index

NASDAQ 100, also known as the US Tech 100 index, is a stock market index that tracks the performance of the 100 largest US technology companies. The index, which was founded in 1985, is considered by many to be one of the most important indices worldwide since it has a huge role in predicting where the global economy is heading. Indeed, NASDAQ 100 is just an index; it is essentially a portfolio of the most innovative and forward-thinking tech companies. Some might even call it ‘the index of the future’.

Some of the well-known companies listed on NASDAQ 100 include Apple, Microsoft, NVIDIA, Meta Platforms, Alphabet, and Tesla Motors.

To trade the NASDAQ 100 index, you need to open a trading account with a brokerage firm that offers the index as a trading instrument.

Follow these steps to start trading the US100 index:

1. 1. Open a forex trading account with SwitchMarkets, our partner broker
2. 2. Open an account with a VPS service provider to protect your trading account from internet disconnections and slippages.
3. 3. Choose the ideal position size and leverage ratio that suits your trading style
4. 4. Utilize your trading strategy to identify entry and exit opportunities
5. 5. Open your first trade by clicking on buy or sell
6. 6. Consider risk management tools such as a risk-reward ratio, stop loss, and take profit
7. 7. Monitor your trade and close your position when getting a signal from your preferred trading strategy