FTSE MIB 40 Index

The FTSE MIB stock index meticulously tracks the performance of the forty most actively traded stocks listed on the Borsa Italiana - the Italian Stock Exchange. This particular stock index is also commonly identified as the Italian 40 Index. The forty equities comprising this index are specifically chosen from the pool of the most liquid stocks originating from the most economically productive sectors within Italy.

FTSE MIB 40 Index - FTSE MIB Chart

FTSEMIB 40 Chart

The FTSEMIB 40 chart shows above. It appears as IT40CASH in the display. Find a broker that offers FTSEMIB 40 charts. This way you can trade it. The example above features FTSEMIB 40 on the MetaTrader 4 forex platform.

Other Data about FTSE MIB 40 Index

Official Stock Index Symbol - FTSEMIB

The FTSEMIB 40 index includes 40 stocks from Italy's top profitable companies. These come from the most successful sectors in the Italian economy.

Strategy for Trading/Transacting FTSEMIB40 Index

The FTSE MIB 40 index tends to rise over time. It tracks top Italian sectors, which grow strong and drive the index higher.

If you're a trader who wants to trade this stock index, you should think it's more likely to go up than down.

As the index increases, you will want to continue purchasing. This upward trend is more likely to predominate when the Italian economy is doing well and doing well (which it usually is). Keeping buying and buying the dips would be a smart plan for trading stock indices.

During Economic Slow Down & Recession

In times of economic slowdown or recession, firms report weaker earnings and sales, along with smaller profits and dimmer growth outlooks. For that reason, investors and traders start selling shares in these companies after they announce lower profits. Stock indexes that follow those specific shares then begin to drop as well.

Therefore, during these identified periods, the market trends are significantly more predisposed toward downward movement, requiring you, the trader, to adapt your trading approach to align with the dominant descending trends of the stock market index you are currently tracking.

Contracts & Specs

Margin Requirement Per 1 Lot/Contract - € 250

Monetary equivalent for a single Pip(Point) - 1 Euro

Note that the value of a pip for the IT40 is set at €1 when compared against other indices like the Germany DAX and EUROSTOXX, where a single pip per lot is valued at €0.1. However, the average movement in pips for this index is considerably less than that seen in indices such as the DAX 30 and EURO STOXX.

NB: Even though general and overall trend is in general moves upward, as a stock index trader you've got to factor in daily market price volatility, on some of the days the stock index might move & oscillate in a sideways range-bound move or even retrace and pullback, retracement might also be significant some times & hence as the trader you need to time your entry strictly when using this trade strategy: trade strategy and at the same time use suitable/proper money management rules/guidelines in case there's more unexpected volatility in the market. About money management guidelines in index lessons: What's money management guidelines and rules & money management system/plan.

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