Tutorial on Developing a Trading Strategy for the FTSE100 Index

FTSE100 Chart
FTSE 100 chart is shown above. On above example the index is named as UK100CASH. The example Which is illustrated above is that of FTSE100 on the MetaTrader 4 FX & Index Software/Platform.
Strategy to Trading the FTSE100 Index
FTSE 100 shows the general direction of the top 100 companies' stocks in the United Kingdom. Usually, the stock prices of these top 100 companies tend to increase, so this stock index also tends to increase over time. If a company does not reach its needed business growth goals, it will be taken out of the stock index and replaced by another company that has a better chance of growing.
As a trader interested in this stock index, the general market direction is expected to be more bullish than bearish. This is due to the performance of the top 100 companies being monitored: if they are thriving, their stock values will likely increase, leading the index to follow an upward trend.
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