How to Trade S&P 500 on Go Markets 2024

Published :
Written by

The S&P 500 (also known as the US 500, SPX500, US SPX 500, or SP500) is a widely recognized stock market index that tracks the performance of the 500 largest companies listed on major U.S. stock exchanges, such as the NYSE, Nasdaq, and BZX. As a benchmark for the U.S. economy, the S&P 500 provides insight into the market movements of America’s most influential companies, making it a popular choice among traders who want to gain exposure to the overall market performance.

Go Markets is a globally recognized broker known for offering forex and CFD trading with competitive trading conditions. The broker offers a variety of trading instruments including Forex, Commodities, Metals, Indices, Shares, Cryptocurrencies, Treasuries, ETFs. If you’re a trader looking for a forex broker that offers the S&P 500 index, you may wonder if AvaTrade has the S&P 500 instrument.

The answer is “Yes,” Go Markets offers access to the S&P 500 index through CFDs. This allows traders to speculate on the price movements of the US 500, taking long or short positions depending on market conditions. In this guide, we will walk you through the steps for trading the S&P 500 on Go Markets, as well as answer some of the most frequently asked questions about trading this major index on the platform.

Can I Trade the S&P 500 on Go Markets?

Yes, you can trade the S&P 500 (US-500) on Go Markets. You can open a trading account and trade with the S&P 500 on Go Markets.  The broker offers the US500 index as a CFD, allowing you to speculate on the price movements of 500 plus of the largest publicly traded companies in the U.S. without owning the actual stocks. Go Markets provides competitive spreads, flexible leverage options, and risk management tools like stop-loss and take-profit orders. This enables you to trade effectively in both bullish and bearish market conditions. 

Go Markets supports various trading platforms, including MT4, MT5, WebTrader,CTrader, ensuring a seamless trading experience. In Addition to US500, Go Markets offers access to other popular indices like ASX200, WS30, US500, making it a comprehensive platform for index trading.

What other Indices does Go Markets Offer?

Go Markets offers a variety of indices that allow you to trade the movements of major stock markets globally, including US, European, Australian, and Asian indices. You can trade these indices without commission, giving you the flexibility to speculate on market trends across different regions. Here is the list of Indices that Go Markets Offers

  • US Indices: US30, US500, NS100, US2000, VIX Etc 
  • European Indices: FRA40,GER40,UK100,SPA35,MidDE50 etc
  • Australian Indices: AUS200
  • Asian/ African Indices: CN50, HK50, JPN225, SCI25 etc 

How to Trade S&P 500 on Go Markets: A Step-by-Step Guide

Go Markets is a well-established broker offering a wide array of trading instruments, including indices like the S&P 500. Known for its tight spreads, fast execution, and user-friendly platforms, Go Markets is a reliable option for traders interested in major global indices. Here’s a step-by-step guide on how to trade the S&P 500 on Go Markets.

Step 1: Open a Go Markets Trading Account

The first step to trading the S&P 500 on Go Markets is to open a trading account. Go Markets offers a variety of account types, including the Standard Account and Pro Account, both featuring competitive spreads and tailored services for different types of traders. Complete the registration form on their website by providing your personal information, and select the account type that best fits your trading needs.

Step 2: Verify Your Account

After completing the registration process, Go Markets will require you to verify your identity in line with regulatory requirements. Submit a copy of your government-issued ID (such as a passport or driver’s license) and proof of address (like a utility bill or bank statement). Account verification is essential to enable fund transfers and trading activities.

Step 3: Fund Your Account

Once your account is verified, you’ll need to deposit funds. Go Markets supports various funding methods including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The minimum deposit requirement is relatively low, making it accessible to both new and experienced traders. Be sure to check the minimum deposit limits based on the account type you’ve chosen.

Step 4: Choose Your Trading Platform

Go Markets provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two industry-standard platforms renowned for their advanced charting tools, technical indicators, and automated trading capabilities. Both platforms are available for desktop, web, and mobile devices. After logging in with your Go Markets credentials, you’ll be ready to access the S&P 500 and other instruments.

Step 5: Locate the S&P 500 Index

To trade the S&P 500, you’ll find it listed as “US500” under the indices section of your platform. Go Markets offers trading on the S&P 500 as a CFD (Contract for Difference), allowing you to speculate on price movements without owning the underlying asset. The broker provides tight spreads and flexible leverage, which can help you maximize your potential returns.

Step 6: Analyze the Market and Execute Your Trade

Before placing a trade, take advantage of the market analysis tools offered by Go Markets. Both MT4 and MT5 platforms come equipped with advanced charting tools, economic calendars, and technical indicators. Conduct your analysis to determine potential entry and exit points for your trade. Once you have a clear trading strategy, decide on your trade size, choose whether to go long (buy) or short (sell), and execute your trade. Go Markets also provides risk management features like stop-loss and take-profit orders to help protect your capital.

Frequently Asked Questions (FAQ)

What is Go Markets?

Established in 2006, GO Markets is an experienced and regulated Australian broker. It gives traders access to trade more than 1,000 forex and CFDs on its MT4, MT5, and cTrader platforms. The broker’s GO Plus+ account comes with raw spreads and low commissions which is great for pro traders. Autochartist, Trading Central, free VPS, MetaTrader Genesis, market news, and analysis are provided.

What is the What is the S&P 500 Index?

The S&P 500 refers to the Standard and Poor’s 500, a stock market index that tracks the stock performance of more than 500 of the largest companies listed on stock exchanges in the United States, including the NYSE, Nasdaq, and Cboe BZX Exchange. Founded on March 4, 1957, this index has become a vital benchmark for equity performance, boasting a market capitalization of approximately $42.0 trillion as of December 31, 2023. It employs a free-float capitalization-weighted method, meaning that companies with higher market capitalizations have a more significant influence on the index’s movements.

As a widely recognized indicator of U.S. economic health, the S&P 500 reflects the overall performance of major sectors, such as technology, healthcare, and finance. When the S&P 500 rises, it typically indicates economic growth, often leading to a stronger U.S. dollar (USD) and affecting currency pairs like EUR/USD and USD/JPY. Market participants closely monitor the index for insights into broader economic trends, and its movements can be influenced by various factors, including economic data releases, corporate earnings reports, and Federal Reserve decisions.

What Moves the S&P 500 Index Price?

The S&P 500, one of the most widely watched indexes in the U.S., is influenced by various economic and market factors, including:

  • Federal Reserve Monetary Policies: Interest rate changes, quantitative easing, and other Federal Reserve policies impact borrowing costs and market liquidity, influencing investor behavior across the S&P 500.
  • Corporate Earnings: Quarterly earnings reports from the 500 large-cap companies in the index play a critical role. Strong earnings can boost the index, while disappointing reports can lead to declines.
  • Economic Indicators: Metrics like GDP growth, inflation rates, and employment figures give insights into the economy’s health, impacting the S&P 500’s outlook as investors anticipate growth or potential slowdowns.
  • Global Market Sentiment: International developments—such as trade policies, geopolitical events, and crises—affect global markets, leading to shifts in U.S. stock prices and, consequently, the S&P 500.

Final Verdict:

Go Markets supports S&P 500 trading. The platform provides access to the most popular indices like ASX200, WS30, US500, DAX40, FTSE100 and so on. The Indices trading features of Go Markets are designed to meet the needs of both novice and experienced traders. However, Go Markets offers Indices as CFDs, meaning you do not own the Indices; instead, you trade them like other derivatives on Go Markets.

Go Markets is a trusted and regulated forex and CFD broker that offers online trading services to traders and investors worldwide. The broker is regulated by 7 regulatory authorities in the world including ASIC, FSC of Mauritius, CySEC , FSA in Seychelles , FSA in SVG. The broker provides leverage up to 1:500, with a minimum deposit as low as $200. Go Markets is one of the most popular brokers for indices trading. The broker offers multiple trading tools and instruments such as MT4, MT5, WebTrader,CTrader for indices trading.

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment