What is DJ-30 Trade Strategy? - Tutorial to Trading DJ30 Index
The DJ30 Chart
DJ30 trading chart is displayed and portrayed above. On the example shown above this trading instrument is referred to as as DJ30CASH. As a trader you want to find a broker that provides DJ30 trading chart so that you as a trader can start to trade it. Index example illustrated above is that of DJ30 on MT4 FX & Indices Platform.
Strategy for Trading/Transacting DJ30 Index
DJ30 technique of calculating make Dow 30 stock index more volatile and hence there are more wide swings in the price movement of this stock index. Although this index in general moves upward over the long-term because American economy also shows strong and robust growth and is also the biggest economy in the globe.
As a trader wanting to trade this index, be prepared for wider price swing and a little more volatility.
As a trader you want to be biased and keep buying as the stock index moves upward. When America economy is doing well (most of the times it is doing well) this upward trend is more than likely to be ruling. A good stock index trade strategy would be to buy the market dips.
During Economic Slow-Down and Recession
During economic slow-down & recession times, companies start to report lower profits & lower growth prospects. It is because of this reason that investors start to sell stocks of companies that are reporting & posting lower profits & hence index tracking these particular stocks will also start to head & go downward.
Therefore, during these market times, the market trends are more likely to be moving and heading downwards and as a trader you should also adjust your trade strategy accordingly to fit the prevailing downward trends of the stock market stock index that you're trading.
Contracts & Specs
Margin Requirement Per 1 Lot - $150
Value per 1 Pip(Point) - $ 0.5
NB: Even though general trend is in general move upward, as a stock indices trader you've got to factor in daily market volatility, on some days the stock index may move in a range or even retrace, market retracement might also be significant some times and hence as a trader you need to time your entry precisely when using this trade strategy: Index trade strategy and at the same time use proper money management rules just in case of more unexpected volatility in the market. About money management rules in stock index lessons: What's money management & equity management methods.
Learn More Tutorials and Lessons:
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- What's S&P ASX 200 Spread? S&P ASX 200 Index Spread
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- Opening an Offline Index Chart on MT4 Trading Platform
- Where Can I Find DJ30 on MT4 Platform?
- How to Add S&PASX200 on MT4 Android App
- Insert Shapes in Index Charts on MT4 Platform
- What's Margin Requirement for 1 Lot of DJI30 Index?