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|
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