13 minute read
What Is the Exness Symbol for NAS100?
When trading on the Exness platform, one of the most important things traders need to know is the correct trading symbol for the assets they wish to trade. For those interested in the Nasdaq 100 Index (commonly known as NAS100), understanding the Exness symbol for this asset is essential to executing accurate and efficient trades.
The Nasdaq 100 represents 100 of the largest non-financial companies listed on the Nasdaq stock exchange, and it's one of the most widely traded indices globally. It includes major tech giants such as Apple, Microsoft, and Amazon, making it a popular choice for traders seeking exposure to the technology sector. On the Exness platform, NAS100 is offered as a Contract for Difference (CFD), allowing traders to speculate on price movements without owning the underlying asset.
What Is NAS100?
NAS100 refers to the Nasdaq 100 Index, which is a stock market index consisting of 100 of the largest non-financial companies listed on the Nasdaq Stock Exchange. The index includes prominent companies from various sectors, but it is particularly heavy on technology stocks, such as Apple, Microsoft, Amazon, Facebook (Meta), Alphabet (Google), and many other innovative tech giants.
Key Characteristics of NAS100:
Technology Focused: The Nasdaq 100 is heavily weighted towards the technology sector, which makes it an attractive choice for traders looking to gain exposure to high-growth industries. Other sectors represented in the index include consumer services, healthcare, and biotechnology.
Market Capitalization Weighted: The index is weighted by market capitalization, meaning larger companies have a greater influence on the index's performance. For instance, companies like Apple and Microsoft have a significant impact on the movement of NAS100 due to their large market value.
Excludes Financial Companies: Unlike some other major stock indices, the Nasdaq 100 excludes financial companies, which makes it different from indices like the S&P 500. This allows traders to focus on the performance of other industries, particularly tech and consumer goods.
Why NAS100 is Popular Among Traders:
Growth Potential: The index is often associated with high-growth companies, particularly in the technology and innovation sectors. This has led to significant price movements, providing ample opportunities for both short-term and long-term traders.
Volatility: Due to its composition of high-growth stocks, NAS100 is known for its volatility, which can be appealing for traders looking for larger price swings. This volatility provides opportunities for those who want to trade on price fluctuations, either through CFDs or other instruments.
Diversification: NAS100 provides exposure to a broad selection of leading companies, offering diversification across multiple tech sectors. This makes it an attractive option for traders who want to spread their risk while focusing on one instrument.
Liquidity: As one of the most actively traded indices globally, NAS100 offers excellent liquidity, ensuring that traders can easily enter and exit positions without slippage. This makes it ideal for day traders and swing traders who need fast execution.
How Traders Use NAS100:
CFD Trading: On platforms like Exness, traders can access CFD (Contract for Difference) products for NAS100, allowing them to speculate on the index's price movements without needing to own the underlying stocks. This provides opportunities to trade both rising and falling markets.
Leveraged Trading: Many brokers, including Exness, offer leverage on NAS100, which means traders can open positions larger than their initial deposit. However, leverage also increases risk, so it’s crucial to manage positions carefully.
Exness Symbol for NAS100
When trading the Nasdaq 100 (NAS100) on the Exness platform, it’s important to know the correct trading symbol for this index. The Exness symbol for NAS100 is specifically formatted to help traders easily identify and trade this asset.
On Exness, the symbol for NAS100 is typically represented as NAS100 or NAS100.cash, depending on the account type and the trading conditions set by the broker. This symbol is used in the Exness trading terminals (MT4, MT5, or Exness Trader) to find and execute trades related to the Nasdaq 100 Index.
Why the Symbol Matters:
Accurate Identification: The symbol helps traders to precisely locate and trade the Nasdaq 100 Index among the numerous instruments available on Exness. By using this symbol, you ensure that you are trading the right asset.
Order Execution: When you enter the symbol correctly into your trading terminal, it ensures that your orders will be executed on the right instrument, avoiding any mistakes and confusion.
Consistency: Exness uses standardized symbols for all of its instruments, making it easier for traders to quickly search for and select assets to trade.
How to Find NAS100 on Exness:
Log into your Exness Account: Whether you’re using MetaTrader 4 (MT4), MetaTrader 5 (MT5), or Exness Trader, begin by logging into your trading account.
Start Trading: Open Exness Account or Visit Website
Search for NAS100: Once logged in, use the search feature within your trading platform to locate NAS100 or NAS100.cash. This will bring up the Nasdaq 100 index, and you'll be ready to trade.
Place Your Order: After selecting NAS100, enter the amount you wish to trade, set your desired stop-loss and take-profit levels, and execute the order.
Symbol Variations:
NAS100: This symbol generally represents the main Nasdaq 100 index.
NAS100.cash: This version is commonly used when trading CFDs (Contracts for Difference) on Exness, offering traders the ability to speculate on the index without actually owning the underlying assets.
How to Trade NAS100 on Exness
Trading the Nasdaq 100 (NAS100) on the Exness platform is straightforward and can be done in a few simple steps. Whether you’re using MetaTrader 4 (MT4), MetaTrader 5 (MT5), or Exness Trader, the process is designed to be user-friendly and efficient. Below is a detailed step-by-step guide on how to trade NAS100 on Exness:
1. Open an Exness Account
If you don’t already have an Exness account, the first step is to create one. Visit the Exness website and sign up for a trading account by providing your personal details, verifying your identity, and setting up your account preferences.
Make sure you select the account type that fits your trading needs, as some account types offer better conditions for trading indices like NAS100.
Start Trading: Open Exness Account or Visit Website
2. Deposit Funds Into Your Account
Once your account is set up, you’ll need to deposit funds to start trading. Exness offers several deposit methods, including bank transfers, UPI, credit/debit cards, and e-wallets (such as Skrill and Neteller).
For NAS100 trading, ensure your deposit is made in INR if you prefer trading in Indian Rupees, or use any other available currencies depending on your account settings.
Note: Exness typically offers low or no deposit fees, so you can fund your account without significant additional costs.
3. Log Into Your Exness Trading Platform
Open your Exness trading platform (MT4, MT5, or Exness Trader).
Log into your account using the credentials you created during the registration process.
4. Search for NAS100 in the Market Watch
On MetaTrader 4 (MT4) or MetaTrader 5 (MT5), go to the Market Watch window. This is where you can see all available trading instruments.
Right-click inside the Market Watch window and select "Symbols" to open a list of available instruments.
Scroll through the list and look for NAS100 or NAS100.cash (depending on the available product for your account type).
Exness Trader will have a similar search feature where you can type NAS100 directly into the search bar or browse the list of available indices.
5. Open a New NAS100 Chart
After finding NAS100, drag and drop it onto your chart or simply double-click on the symbol to open a new chart for NAS100.
The chart will display the price movements of the Nasdaq 100 index, and you can start analyzing it using your preferred indicators and tools.
6. Choose Your Trade Type (Buy or Sell)
Once your NAS100 chart is ready, you can decide whether to buy (go long) or sell (go short) based on your market analysis.
If you believe that NAS100 will increase in value, you can buy the index. Conversely, if you believe the index will decrease, you can sell.
7. Set Your Stop-Loss and Take-Profit
Stop-Loss (SL): A stop-loss is a risk management tool that helps limit your losses by automatically closing a position when the market moves against you by a specific amount.
Take-Profit (TP): A take-profit order automatically closes your position when the market reaches a price level that results in a profitable outcome.
Setting these levels helps you manage risk and ensure that you exit your trade at the appropriate time, whether it’s to lock in profits or cut losses.
How to Trade NAS100 on Exness
Start Trading: Open Exness Account or Visit Website
Why Trade NAS100 on Exness?
Trading the Nasdaq 100 (NAS100) on the Exness platform offers a range of benefits, making it an attractive choice for both beginner and experienced traders. Exness, known for its user-friendly platform, competitive pricing, and excellent customer service, provides a solid environment for trading one of the most popular and volatile indices in global markets. Here are several key reasons why trading NAS100 on Exness can be advantageous:
Competitive Spreads and Low Trading Costs
One of the primary reasons traders choose Exness is the competitive spreads on indices like NAS100. Exness offers tight spreads, which means traders can enter and exit positions with minimal costs. This is especially important for day traders and scalpers who rely on small price movements.
High Leverage Options
Exness offers attractive leverage options for trading NAS100, allowing traders to control larger positions with a smaller initial investment. Leverage is an essential tool for traders looking to amplify their returns on NAS100’s price movements.
Access to Advanced Trading Platforms
Exness provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Exness Trader, all of which offer a range of advanced charting tools and technical analysis indicators. These platforms allow traders to analyze market trends, apply various technical indicators, and execute trades with precision.
High Liquidity and Tight Spreads
The Nasdaq 100 is one of the most actively traded indices in the world, ensuring that there is high liquidity. High liquidity means that traders can easily enter and exit trades at desired prices, even for large positions, without significant slippage.
Comprehensive Risk Management Tools
Exness provides traders with a variety of risk management tools, such as stop-loss and take-profit orders, which are crucial when trading volatile instruments like NAS100. These tools help traders to protect their capital and lock in profits when market conditions are favorable.
Risk Management and Trading Strategies for NAS100
Trading NAS100 on Exness requires a disciplined approach, especially when it comes to managing risk. Given the volatility of the Nasdaq 100 index, implementing effective risk management strategies is essential for long-term success. One of the most important tools for managing risk is the use of stop-loss and take-profit orders, which help traders automatically exit positions when certain price levels are reached, thus limiting losses and locking in profits. Additionally, managing position size is crucial. By risking only a small percentage (typically 1-2%) of your trading capital on each trade, traders can protect themselves from major drawdowns while still being able to profit from market movements. Using leverage wisely is also important, as excessive leverage can amplify losses during volatile periods. By controlling these factors, traders can ensure that they remain in the market even through periods of market turbulence.
In addition to risk management, having a solid trading strategy is key when trading NAS100. A popular approach is trend following, where traders identify and trade in the direction of the prevailing market trend, using indicators like moving averages to confirm the trend's strength. For those seeking quick profits, scalping is another effective strategy, focusing on small price movements within short timeframes, typically using 5-minute or 15-minute charts. Traders can also adopt a breakout strategy, where they capitalize on price movements beyond key support or resistance levels, or a reversal strategy to profit from market pullbacks after strong trends. Regardless of the chosen strategy, applying proper risk management and utilizing the right technical tools can significantly improve a trader's chances of success when trading volatile assets like NAS100.
Conclusion
Trading NAS100 on Exness offers exciting opportunities, but it also requires careful risk management and a well-thought-out trading strategy. By using tools like stop-loss and take-profit orders, managing position sizes, and applying appropriate leverage, traders can protect their capital while navigating the volatility of the Nasdaq 100 index. Whether you prefer to follow trends, trade breakouts, or capitalize on market reversals, choosing the right strategy for your trading style is essential for success. With Exness’s competitive spreads, advanced platforms, and risk management tools, traders can confidently approach NAS100 and optimize their trading experience. Proper planning, discipline, and consistent execution are the keys to making the most of this dynamic and liquid market.
FAQs
What is the Exness symbol for NAS100?
The Exness symbol for the Nasdaq 100 index is typically NAS100 or NAS100.cash. This is the identifier used on the Exness platform to trade the Nasdaq 100 index.
How can I trade NAS100 on Exness?
To trade NAS100 on Exness, log into your account, search for NAS100 or NAS100.cash in the market watch, and select the asset to open a chart. Then, you can place a buy or sell order depending on your market analysis.
Can I trade NAS100 with leverage on Exness?
Yes, Exness offers leverage for trading NAS100. Leverage can vary depending on the account type, but it allows traders to control larger positions with a smaller capital outlay. Be cautious, as leverage amplifies both potential profits and risks.
What time can I trade NAS100?
NAS100 is available for trading during the market hours of the US, particularly when the Nasdaq exchange is open. You can trade NAS100 almost 24/5, with liquidity peaks during US market hours.
Are there any commissions for trading NAS100 on Exness?
Exness typically offers zero-commission trading on NAS100 for many account types. However, there may be small spreads or a commission for specific account types, such as the Zero Account.
What is the minimum deposit required to trade NAS100 on Exness?
The minimum deposit to start trading NAS100 depends on the account type. For example, the Standard Account has a minimum deposit as low as ₹1,000 INR (or its equivalent in other currencies), while more advanced account types may require higher deposits.
How volatile is NAS100?
NAS100 is known for its high volatility, especially due to its composition of major tech companies. This volatility provides both significant profit potential and higher risks, making it important to use proper risk management techniques when trading.
