WallStreet 30 Industry Average Indices or Dow 30 Stock Index - Wall Street 30 Stock Index
WallStreet 30 Industry Average Indices or Dow 30 Stock Index is a Stock Indices market stock indices that keeps track of 30 of the largest stocks in USA. The stocks that are used to calculate this component are picked from 30 largest firms in USA.
WallStreet 30 is the most popular & most followed Stock Indices globally. The WallStreet 30 Industry Average originally tracked performance of Industrial stocks but has changed to include stocks from other sectors of the economy. The main criteria being the stocks chosen are from the largest USA corporations.
WallStreet 30 is more volatile than most of the other Top Indices, The WallStreet 30 though will over longterm trend upward it'll have more price retracements and more consolidations than other Indices. Traders might prefer to trade other indexes other than the WallStreet 30 Industry Average if they are more accustomed to trading more stellar trends which are found on other top stock indices.
WallStreet 30 Chart
WallStreet 30 chart is illustrated and shown above. On above example this instrument is named WallStreet 30CASH. As a trader you want to find a broker that provides WallStreet 30 chart so that you as a trader can start to trade it. The example Which is shown above is that one of WallStreet 30 Indices on MT4 Forex and Stock Index Software.
Other Info about WallStreet 30 Stock Index
Indices Symbol - DJI
The 30 constituent stocks that constitute WallStreet 30 Index are selected from top performing US corporations. The calculation of this stock index is however different compared to other Stock Indices; the price constituent of the 30 stocks is sub divided by a common divisor so as to come up with this stock index. This makes this stock index more volatile than others.
Strategy to Trading WallStreet 30 Index
WallStreet 30 Stock Index technique of calculating make Dow 30 stock index more volatile & hence there are wider swings in price movement of this stock index. Although this index generally moves upwards over longterm because USA 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 & a little more volatility.
As a trader you want to be biased and keep buying as the stock index moves upwards. When USA economy is performing good (most times it's performing good) this upwards trend is more likely to be in place. A good index trade strategy would be to keep buying the dips.
During Economic Slow-Down and Recession
During economic slow-down & recession times, corporations begin to report lower profits & lower growth prospect. It's due to this reason that traders begin to sell stocks of firms that are reporting lower profits & hence Stock Indices tracking these specified stocks also will begin to move downward.
Hence, during these times, trends are likely to be moving downwards & you as a trader should also adjust your trading strategy accordingly to suit the prevailing downwards trends of the index that you are trading.
Contracts and Specs
Margin Requirement Per 1 Lot - $ 150
Value per Pips - $ 0.5
Note: Even though general trend is generally moves upwards, as a trader you've to consider & factor in daily market volatility, on some of the days the Stock Indices may move in a range or even retrace & pull-back, the Stock Indices market pullbackretracement move may also be a significant one at times & hence as a trader you need to mark-time your entry precisely using this trading strategy: strategy and at same time use proper equity management guide-lines just in case there's more unexpected volatility in the market trend. About money management methods in Indices lessons: What's Stock index money management and Indices equity management strategies.
