DAX Chart Live : In this article Moneypip Explain DAX 30 Index Live Chart,Dax Chart Live, what is Dax Index,DAX 30 Index Technical Analysis, About Dax 30 German Stock Index, How DAX 30 Index Calculated?,What Time Does DAX 30 Open?, DAX 30 Market Holidays,Current DAX 30 Companies so read carefully and watch DAX Live Chart.
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About Dax 30 German Stock Index
In this post we’re going to look at what exactly is the German DAX 30 index, why is it so popular with traders, and also how do you trade it with moneypip.com. Let’s get into the basics, first of all, if you’re not familiar with the DAX let’s look at what it actually is and why it’s such a popular market for traders over all sorts of time frames.
What Is Dax Index ?
So what is the DAX and why is it popular. It’s the German stock market index. Clearly the German stock market is a major European stock market. Lots of interest for investors and traders around the world. So the DAX tracks the value of 30 of the biggest and most liquid, so that’s in terms of volume, companies that trade on the Frankfurt Stock Exchange – so it’s a barometer for the health of the overall stock market.
As with all of these indices whether it’s: the FTSE, the Dow JONES, with the S&P, the NASDAQ or the DAX – trading an index, the DAX in this case, is a way of gaining broad exposure to those German listed shares. And the reason it’s popular with traders is quite a simple one – we’ll take a look at it in a second – but the DAX is a fairly volatile stock market index, so it moves around a lot during the day, during the week, and of course what traders are looking for is a market that moves.
Let’s take a look at some of that volatility. Just to get a feel for this volatility I’ve got an hourly chart here of the DAX, of the market. If we look at these highs here this was October 4th 2018 traded as high as 12340 and then if we jump forward in time October 9th, so 5 days later, it’s as low as in 11800. So the markets moved more than 500 points in 5 days, so that gives you a sample of the volatility, maybe medium-term volatility, for the DAX. Let’s take a look at an even shorter term chart.
This is a 5-minute chart now looking at the last couple of days of the DAX and again you can see plenty of volatility on this time frame. So it traded as low, yesterday, as 11,800 at the time of recording and then it’s traded as high as 12,000. So a 200 point move there even during today and we’re only really a few hours into the trading day. The market’s gone from 11,990 down to 11,880 – so a move in excess of 110 points and it’s bounced back about 50 points so far. So a very volatile market and that’s what appeals to traders. So like all stock market indices, it’s a basket made up of a group of different shares. The reason it is so popular with traders is the volatility as we saw there, so let’s just take a brief look at how you trade this market with moneypip.com. So how to trade the DAX with moneypip.com.
How DAX 30 Index Calculated?
Dax Index Prices are taken from an electronic trading system Xetra trading venue to calculate the DAX Index. A free-float procedure is utilized to evaluate the Dax index weightings along with a measure of the average trading volume.
How To Trade the DAX Index?
You trade using contracts for difference (CFDs) and you trade our market called the Germany 30. So that’s the index you trade. When trading CFDs, you trade using leverage so you don’t have to put up the whole value of your position. This is very popular with traders who are looking for maybe shorter-term moves in the market than investors. It makes their trading capital go further, of course, it’s important to understand whilst profits can be Magnified using leverage, the same applies to losses.
So it’s very important to use a risk management technique such as stop losses. Another benefit of trading using CFDs you can trade markets in both directions. So if you thought the DAX was going to rise you’d buy using CFDs, but if you thought the market was going to fall off a cliff, as we’ve seen in this Article looking at the last week, we’ve seen the market under pressure, you can short sell. So you can position yourself to profit whether you think a market is gonna rise or fall.
So just to summaries CFDs give you a way of trying to capitalize from the DAX volatility. You get leverage giving you more bang for your buck. You can trade markets in both directions but it’s important of course to always have risk management processes in place. We’ll wrap things up there. There’s more information about the DAX on our website of course, how you would trade the DAX and then when you’re ready open an account with real money to start trading it for real.
What Time Does DAX 30 Index Open & Close ?
The DAX 30 Index is traded each trading day on the German Stock Exchange or Frankfurt Stock Exchange during Xetra trading hours between 10:00 am to 6:30 pm CET; the index level is calculated and updated once a second in real time.
DAX 30 Market Holidays
DAX 30 Market generally operates its Trading Services each weekly day. It does recognize the bank and public holidays. Frankfurt Stock Exchange will keep its days of operation under review.
DAX 30 Market Holiday List
|New Year’s Day||January 1|
|Good Friday||April 19|
|Easter Monday||April 21|
|Labor Day||May 1|
|Whit Monday||June 10|
|Day of German Unity||October 3|
|Christmas Eve||December 24|
|Christmas Day||December 25|
|Boxing Day||December 26|
|New Year’s Eve||December 31|
DAX 30 Index Companies List
In DAX 30 Index they are 30 companies in this index trading on the Frankfurt Stock Exchange by market capitalization and liquidity. Here are the list of 30 stocks that currently make up the DAX 30 Index , listed in below the chart.
|Deutsche Bank||Deutsche Börse||Deutsche Lufthansa|
|Deutsche Post||Deutsche Telekom||E.ON|
|Fresenius||Fresenius Medical Care||HeidelbergCement|
History of the DAX (INDEXDB: DAX)
The German stock benchmark the DAX or deutsche act Ian Index is a blue-chip index of 30 of Germany’s biggest companies it started life in 1987. When it was based at 1,000 the revs real test fall what was then the West German benchmark was the seminal moment in modern German history with the destruction of the Berlin Wall in November 1989.
There followed the reunification of the two German states going into the event the dax had risen some 60% since its introduction but with political tensions rising began to fall and lost 13% in seven weeks however by the end of March 1990 it had recovered and more as the process of reunification of the two continued there was a period of consolidation with the dax not reaching.
Those March 1990 highs until March 1993 the next rally was cut short by the collapse of the hedge fund long-term capital management for Germany. The year was also marked by the Russian financial crisis with a definition of the ruble Germany at that point was the largest lender to the Russian economy, and as a result felt the impact more than most the recovery then took until December 1999 taken the creation of the euro and its stride the dax went into the new millennium rising to new records along the way as the year 2000 started it climbed an astonishing 27 percent in just 10 weeks boosted by an enthusiasm.
For tech stocks then came the so-called dot-com crash as it became obvious of the TMT sector tech telecom and media was not going to produce the results that have been promised or at least not immediately then the latest letdown was a reaction to the moment at the twin towers in New York were bombed from the March 2000 record to the bottom of the 3-year share round.
The decks lost 73% in 2005 Angela Merkel followed Gerhard schröder as the newly elected German Chancellor the first woman to hold the top office in Germany she had to deal with the 2007 2008 financial crisis but backs lost more than half its value from the levels last seen in 2000 an economy grappled with its fallout from the global crisis.
The recovery then took the DAX up to 7,000 454 before the August 2011 European sovereign-debt crisis then sliced another 33% off the benchmark at which point it bottomed out finally making a new record high in May 2013 thereafter volatile markets with China and again another look at how fragile the euro-zone economy was saw a see-sawing a rise to another record of 12,000 398 in April 2015 and concerned about China hit global markets again.
But the dax losing almost 30 percent following their period since then a new record has been set at 12,000 678 in June 2017 but we’re now what much may depend on the many pressures being applied to the markets from German elections to the euro-zone to the US leadership and Beyond to global politics the German benchmark is never a dull place to be. You Can Check Dax Live Chart in Big Form and Dax Chart Live or Dax Share Price.
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