Hang Seng 50 Index
The HangSeng 50 Index tracks the market capitalization of the top 50 companies that are listed on the Hong Kong Stock Exchange Market. The companies listed are also chosen from the most lucrative economic sectors in Hong Kong.
The HANGSENG50 Index Chart
The HANGSENG 50 Index chart is displayed above. On the exemplification put on display above this Index is referred to as as HK50CASH. As a forex trader you want to find a broker that provides this The HANGSENG50 Index chart so that you as a trader can start to trade it. The example above is of HANGSENG 50 Index on the MT4 FX & Stock Index Platform .
Other Data about HANGSENG50 Index
Official Symbol - HSI:IND
The 50 component stocks that make up the HANGSENG50 Index are picked from the top companies in Hong Kong. The 50 stocks make up most of the turnover volume in the Hong Kong Stock Exchange Market. The companies listed on this index represent a total of 60 % market capitalization of all the stocks listed in the Hong Kong Stock Exchange Market.
Strategy for Trading HANG SENG 50 Index
The HANGSENG50 Index tracks the capitalization of the top 50 companies in Hong Kong. This index generally moves up over the long-term but it is more volatile in its trend movement. When compared to other indices such as EURO STOXX & DAX 30 indices which have lower volatility when it comes to their trend moves, this index has wider and more volatile swings in its trend movement.
Over a long period of time this index will in general move upwards, as a trader you want to be biased & keep buying as the index moves up.
A good strategy would be to buy the dips - although as a forex trader wanting to trade this index, be prepared for generally much wider swings when it comes to trading this index.
Contracts and Specifications
Margin Required Per 1 Lot - HKD 450
Value per 1 Pip(Point) - HKD 1
Note: Even though the general and overall trend is in general upwards, as a forex trader you have got to factor in the day to day price volatility, on some days the stocks might oscillate or even retrace, the retracement may also be substantial some times and therefore as a forex trader you need to time your trade entry accurately using this strategy: Indices trading strategy & at the same time use proper money management guidelines/techniques in case there's unexpected market trend volatility. About money management principles lessons: What's equity management and money management methods.
More Courses:
- Why Host Your Expert Advisor(EA) Robots with VPS Hosting Provided by Your Forex Broker Only
- FX Trading Ultimate Oscillator EA(Expert Advisor) Setup
- How to Set IT40 in MT5 IT40 Trade App
- MetaTrader 4 Online XAU USD MetaTrader 4 Brokers
- Forex Divergence Trading Setups of M-Shapes Price Highs and W-Shapes Price Lows
- Examples of How to Set Up Forex Currency Trades
- Stochastic Indicator Bullish and Bearish XAUUSD Divergence Trading Setup
- Moving Average Envelope XAUUSD Indicator Technical Analysis
- Rainbow Trading Charts FX Technical Indicators
- Dow Jones 30 MetaTrader 4 Dow Jones Name in MT4 Platform