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How exactly would I format a speech in a novel manuscript? I know this is random, but I'm a bit confused.

Let's say a character gives a rousing speech to his friends...

"So we blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah

"We can do blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah

"And we can blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah"

I know you don't put a quotation mark at the end until the speech is over. My problem is indentions, I understand that a novel manuscript must have indentions for paragraphs and speech, however, some people have been telling me that I need to double indent character speeches. Should I? Please help.
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Formatting is a matter of style. There are no set rules for this. I suggest you look through some English language novels to see how this is done. There are a lot of free books online at Project Gutenberg:

http://www.gutenberg.org/browse/scores/top

Here is an example from Bram Stokers Dracula:

http://www.gutenberg.org/files/345/345-h/345-h.htm

(I've styled the speech parts with italics for emphasis)

I was evidently expected, for when I got near the door I faced a cheery-looking elderly woman in the usual peasant dress--white undergarment with a long double apron, front, and back, of coloured stuff fitting almost too tight for modesty. When I came close she bowed and said, "The Herr Englishman?"

"Yes," I said, "Jonathan Harker."

She smiled, and gave some message to an elderly man in white shirtsleeves, who had followed her to the door.

He went, but immediately returned with a letter:

"My friend.--Welcome to the Carpathians. I am anxiously expecting you. Sleep well tonight. At three tomorrow the diligence will start for Bukovina; a place on it is kept for you. At the Borgo Pass my carriage will await you and will bring you to me. I trust that your journey from London has been a happy one, and that you will enjoy your stay in my beautiful land.--Your friend, Dracula."

(Note: Paragraphs are indented in the HTML formatting. Some modern styles do not indent, they simply insert a blank line between paragraphs. This is the default 'style' in HTML for web pages. At University, I was told that we could either indent or have a blank line. It was only important to keep the styling consistant.)
Comments  
Thank you, this does indeed clarify some things.