The NASDAQ 100, commonly called NAS100, is a stock market index that tracks the top 100 non-financial companies listed on the NASDAQ stock exchange. It includes major technology giants like Apple, Microsoft, and Amazon, making it a popular index among traders due to its focus on innovative and high-growth companies. Traders are often drawn to the NASDAQ 100 for its volatility and opportunities for trading based on the tech sector’s performance.
ThinkMarkets is a forex and CFD broker that offers online trading services to traders and investors worldwide. The broker offers 4000+ trading instruments including Forex, Futures, Commodities, Indices, ETFs, Crypto, Stocks. If you’re considering trading the NS100, you may wonder if ThinkMarkets provides this index.
The answer is “Yes,” ThinkMarkets offers the NASDAQ 100 (NAS100) index. ThinkMarkets provides access to NAS100 through CFDs, allowing traders to go long or short based on market conditions. This enables traders to take advantage of both rising and falling prices. In the following guide, we’ll explore how you can trade NS100 on ThinkMarkets and answer key questions that traders often ask about trading this index on the platform.
Can I Trade the NASDAQ 100 on ThinkMarkets?
Yes, you can trade the NASDAQ 100 (US-100) on ThinkMarkets. By opening a trading account with ThinkMarkets, you gain access to the NASDAQ 100 index as a CFD. This allows traders to speculate on the price movements of over 100 of the largest non-financial companies listed on the NASDAQ without needing to own the underlying stocks.
ThinkMarkets provides competitive spreads, flexible leverage options, and risk management tools like stop-loss and take-profit orders. These features help you to trade effectively in both bullish and bearish market conditions.
For your trading needs, ThinkMarkets supports various platforms, including MT5, ThinkTrader, ThinkCopy, ensuring a smooth and efficient trading experience. In addition to the NASDAQ 100, ThinkMarkets also offers access to other popular indices such as US30, UK100, and NASDAQ, making it a comprehensive platform for index trading.
What other Indices does ThinkMarkets Offer?
ThinkMarkets 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 ThinkMarkets Offers
- US Indices: US30, US500 , 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 NASDAQ 100 on ThinkMarkets: A Step-by-Step Guide
Trading the NASDAQ 100 provides access to major tech stocks and can be a rewarding investment strategy. ThinkMarkets offers competitive spreads and advanced trading platforms, making it an excellent choice for traders. Here is the step guide for NASDAQ 100 trading.
Step 1: Open a Trading Account
To start trading the NASDAQ 100 on ThinkMarkets, you first need to open a trading account. Visit the ThinkMarkets website and click on the “Open Account” button. Fill in the required personal information, such as your name, email address, and phone number. After completing the details, you will receive a confirmation email with instructions on how to verify your account.
Step 2: Verify Your Account
Verification is essential for compliance with regulatory standards. To verify your account, upload the necessary documents, including a government-issued ID (like a passport or driver’s license) and proof of address (such as a utility bill or bank statement). Once submitted, ThinkMarkets will review your documents, which typically takes a few hours.
Step 3: Fund Your Account
After your account is verified, the next step is to fund it. Log in to your trading account and go to the deposit section. ThinkMarkets offers various funding options, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. Choose your preferred method, enter the amount you wish to deposit, and follow the instructions. Be aware of any applicable fees or processing times associated with your chosen funding method.
Step 4: Choose a Trading Platform
ThinkMarkets provides several trading platforms, including MT5, ThinkTrader, ThinkCopy. Download and install the platform that suits your trading style best. Familiarize yourself with the features and tools available on your chosen platform to ensure a smooth trading experience.
Step 5: Analyze the NASDAQ 100
Before executing trades, conduct a thorough analysis of the NASDAQ 100 index. Utilize the technical analysis tools available on your trading platform, such as trend lines, moving averages, and various indicators, to assess price movements. Also, consider fundamental factors, including economic news releases, earnings reports from major companies in the index, and geopolitical events that may impact market sentiment.
Step 6: Place a Trade
To place a trade on the NASDAQ 100, locate the NASDAQ 100 instrument on your trading platform. Decide whether you want to go long (buy) or short (sell) based on your analysis. Enter the trade size, set your stop-loss and take-profit levels to manage your risk, and review your order before clicking “Submit.” Keep track of your open positions and adjust your strategy as needed.
Step 7: Monitor Your Trade
Once your trade is live, check its progress regularly. Use the tools available on your trading platform to analyze market movements. Set alerts to notify you when the NASDAQ 100 reaches specific price levels or if there are significant changes in market conditions.
Step 8: Close Your Trade
When you achieve your desired profit or if market conditions change and you want to limit your losses, it’s time to close your trade. Go to your open positions and click on the “Close” button next to the NASDAQ 100 trade. Review the results of your trade and analyze what worked well and what could be improved for future trades.
Frequently Asked Questions (FAQ)
What is ThinkMarkets?
ThinkMarkets is an Australian forex and CFD broker founded in 2010. Today, it has offices in 10 locations and 10 licenses from different countries. On its MetaTrader and ThinkTrader platforms, clients can trade over 4,000 instruments. Real stock trading is available on the ThinkTrader app. Traders are supported with free VPS, Signal Centre, Dynamic leverage, Traders’ gym, etc.
What is NASDAQ 100?
The NASDAQ 100 (NDX, NAS100, USTech, or US Tech 100) is a prominent stock market index that includes 100 plus of the largest non-financial companies listed on the NASDAQ stock exchange. Established on January 31, 1985, this index is a benchmark for growth-oriented sectors, particularly technology, healthcare, and consumer services. With a market capitalization of approximately $16.9 trillion as of April 2022, the NASDAQ 100 is recognized for its focus on innovation-driven industries that shape both the U.S. and global economies.
Traders and investors can engage with the NASDAQ 100 through various instruments, including CFDs (Contracts for Difference), options, and ETFs (Exchange-Traded Funds). CFD trading allows investors to speculate on price movements without owning the underlying stocks, providing opportunities to profit from both rising and falling market conditions. Options trading on the NASDAQ 100 offer strategic leverage and risk management, while ETFs provide a way to invest in the index with diversification. Many trading platforms list the NASDAQ 100 under symbols such as NAS100, USTech, and US Tech 100, enabling traders to access and respond to movements in the U.S. technology sector with greater flexibility.
The NASDAQ 100’s movements are influenced by corporate earnings, technological advancements, and Federal Reserve policy changes. This modified free-float capitalization-weighted index has a significant impact on global financial markets, particularly major currency pairs like EUR/USD and GBP/USD, as it reflects broader economic trends and investor sentiment.
What Moves the NASDAQ 100 Index Price?
The NASDAQ 100, a major stock market index in the U.S. that includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange, is influenced by various economic and market factors, including:
- Technology Sector Performance: As the NASDAQ 100 is heavily weighted towards technology stocks, performance metrics from leading tech companies—such as Apple, Microsoft, and Amazon—significantly impact the index. Strong product launches or positive earnings reports can lead to substantial gains.
- Interest Rate Changes: The Federal Reserve’s interest rate policies play a significant role in shaping market dynamics. Lower interest rates can boost consumer spending and corporate investments, positively influencing the index, while rate hikes may dampen growth prospects.
- Market Sentiment: Investor sentiment, often driven by news cycles, market trends, and broader economic conditions, can lead to rapid fluctuations in the NASDAQ 100. Bullish sentiment can drive prices up, while fear or uncertainty may lead to sell-offs.
- Global Economic Conditions: Economic developments around the world, such as trade agreements, geopolitical tensions, and growth rates in key markets like China and Europe, affect investor confidence and can cause significant movements in the index.
- Earnings Season: Quarterly earnings reports from the companies in the NASDAQ 100 are important for determining market direction. Positive earnings surprises can lift the entire index, while negative results can result in declines.
Final Verdict:
ThinkMarkets supports NASDAQ 100 trading. The platform provides access to the most popular indices like US30, UK100, AUS200, FRA40, GER40, ESTX5and so on. The Indices trading features of ThinkMarkets are designed to meet the needs of both novice and experienced traders. However, ThinkMarkets offers Indices as CFDs, meaning you do not own the Indices; instead, you trade them like other derivatives on ThinkMarkets.
ThinkMarkets is a trusted and regulated forex and CFD broker that offers online trading services to traders and investors worldwide. The broker is regulated by 10 regulatory authorities in the world including ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA. The broker provides leverage up to 1:2000, with a minimum deposit as low as $0 (Standard Account), $500 (ThinkZero account). ThinkMarkets is one of the most popular brokers for indices trading. The broker offers multiple trading tools and instruments such as MT5, ThinkTrader, ThinkCopy for indices trading.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.
