Forex trading is a difficult and thorny path to success. Unfortunately, many traders are lost in the possibilities of this market and forget about the main rules of trading. Fortunately, there are other profitable trading tools. For example, the stock market indices like DE40.
DE40 has a lot of names – DAX (Deutscher Aktienindex), GER30, FDAX (Frankfurt DAX), German Stock Index. You can even meet the "DAX index", which is essentially a tautology. But the meaning of all these names is the same – DAX index shows the performance of Frankfurt Stock Exchange, the main powerhouse of German economy.
As the name implies, DAX consists of 40 companies with the largest capitalization on the stock exchange. It is led by electronics giants SAP and Siemens, chemical and pharmacological concerns Bayer and BASF, and Allianz insurance company closes the top five.
It’s interesting: Unlike other indices that review positions once a quarter, DE40 updates the list of participating companies every second. Therefore, you can get on the list and drop out of it at any time.
Recently, the German Stock Index has fluctuated between 10,000 and 12,000 base points. The maximum value was reached in November 2017, when the index was 13,487.
DAX is very much tied to the Eurozone economy and reacts quite sharply to its changes. Moreover, it depends not only on news and events in Germany – many companies from this index work throughout Europe.
All other events that may affect the DE40 are so global that you will hear about them anyway.
DE40 is available on JustForex 5 days a week – Monday through Friday. On weekends, the stock market is closed and you cannot open new orders on it. In addition, the index is not available during world holidays, when the stock market does not work.
JustForex regularly publishes news on changes in trading hours. Read them on our main page!