To trade index CFDs you need to follow these 5 steps:
Open a CFD trading account, and then add some funds. Opening an account usually takes minutes
Choose the index you want to trade. The City Index platform comes with lots of technical and fundamental analysis tools to help you find your first opportunity, including SMART Signals
Buy the market if you think your index will rise, or sell it if you think it will fall
Choose how many CFDs to buy or sell, which will determine your profit or loss. The value of an individual contract will differ based on the underlying market
Add a stop-loss to limit your overall risk, then execute your order
To close your position, you make the opposite trade to when you opened it. If you bought five CFDs at the outset, for instance, you’d sell five CFDs now. If the index has moved in your chosen direction, you’ll make a profit. If it hasn’t, you’ll make a loss.