What's WallStreet30 Trade Strategy? - Tutorial to Trade WallStreet30 Index
The WallStreet30 Chart
The WallStreet30 trade chart is displayed & shown & displayed above. On example above this instrument is named as WallStreet30CASH. As a trader you want to find a broker that provides WallStreet30 chart so that you as a trader can begin to trade it. Example displayed above is of WallStreet30 on MetaTrader 4 Forex and Platform.
Strategy of Trading WallStreet30 Index
WallStreet30 recipe of calculating make Dow 30 index more volatile and therefore there are much more wider swings in the price movement of this index. Although this stock index generally move upwards over the long term because US economy also shows strong growth & is also the largest economy in the world.
As a trader wanting to trade this stock 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 index moves upwards. When America economy is performing good (most times it's performing good) this upwards trend is more likely to be in-favor. A good indices trade strategy would be to buy the dips.
During Economic Slow-Down & Recession
During economic slow-down and recession times, companies begin to report lower profits & lower business growth prospects. It is due to this reason that traders begin to sell stocks of companies which arereporting lower profits and therefore index tracking these particular stocks will also start to move downward.
Hence, during these times stock index trends are likely to be moving downward and as a trader you should also adjust your trading strategy accordingly to fit the prevailing downwards trends of the stock market index that you are trading.
Contracts & Specifications
Margin Requirement for 1 Lot - $ 150
Value per 1Pip - $ 0.5
NB: Even though general trend is generally moves upwards, as a stock index trader you have to factor in daily market volatility, on some days the index might oscillate or even retrace, market pull back may also be substantial at times and therefore as a trader you need to time your trade entry precisely using this trading strategy: trade strategy & at the same time use proper money management rules just in case of more unexpected volatility in the market movement. About equity management rules in stock index lessons: What is stock index money management and equity management strategies.
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