How to start trading DAX 30 with Cryptocurrency on PrimeXBT? Table of Contents
Invest in DAX30 with Cryptocurrency
A powerful tool to start trading the DAX 30 index on PrimeXBT, benefitting both rising and falling prices with long and short positions.
DAX 30 is a blue-chip stock market index composed of 30 major German companies traded on the Frankfurt Stock Exchange. This index represents 30 of the largest and most liquid German companies traded on the Frankfurt exchange.
Germany is a strong manufacturing and global company, ranking it as a leading country in Europe, making it one of the top 30 companies. DAX 30 is very appealing to traders.
By trading DAX 30 on PrimeXBT, traders can benefit from both short and long-term trading as well as advanced charting tools and technical indicators to improve trading results.
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What is DAX30?
DAX 30 is Germany’s leading stock index and tracks 30 of the largest and most liquid securities listed on the Frankfurt Exchange. The data used to calculate DAX 30 is provided through an electronic trading framework called Xetra, and DAX 30 is operated by Deutsche Borse AG. The DAX 30 is comprised of major German brands in various fields such as BMW, Merck, and Deutsche Bank. DAX stands for Deutscher Aktien Index or German Stock Index.
DAX 30 was launched on December 30, 1987, and the index started with a base rate of 1,000. DAX’s all-time high was 13,559.60, closing on January 23, 2018, more than 13 times higher than its original opening level over the previous 30 years. There are two versions of the DAX 30, one called the performance index, which measures the total return in dividends, and the price index only measures the price of the fund without taking into account the profit received in the dividend.
What companies are in DAX30?
DAX 30 consists of securities from various sectors of the German economy. These include apparel, insurance, chemicals, pharmaceuticals, energy, fintech, and electronics, and DAX 30 represents the largest company listed on the Frankfurt Exchange. Global brands and institutions are included in DAX 30, which includes Adidas, Allianz, Bayer, Deutsche Lufthansa, Siemens, Volkswagen, Daimler, and global semiconductor giant Infineon Technologies.
DAX 30 is a market capitalization-weighted index, meaning that large companies contribute more to the value of the index based on the overall market value. The total is then divided using a divisor to make the reporting and analysis of the index easier to manage. The value of DAX 30 is calculated by combining each basket of the total number of outstanding shares in the security into the respective last selling price. After this, each inventory is weighted according to its size in relation to the rest of the basket.
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Why DAX30 is important to investors all over the world?
The Frankfurt Exchange is one of the largest and most well-known stock exchanges in the world, and its unofficial date is 1585. Frankfurt has long been a global financial powerhouse, and Germany itself is one of Europe’s most powerful economies. , If not the world. The size of the DAX 30 basket is relatively small with 30 stocks, but these 30 calibers contain billions of dollar giants, which are undeniable. Although much of Europe has been carefully transformed through the introduction of the European Union, Germany has done particularly well, and investing in the German economy is a popular choice for many traders.
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When is the best time to trade DAX30?
The best time to trade DAX 30 is when German traders start their trading days or close hard work. Because of this, opening and closing are particularly volatile, but they can hit you at any given time.
The best way to invest in the German stock market is to invest in the corporate basket through the DAX 30 Stock Market Index. DAX 30 represents the overall health of the German economy and the companies that make up its performance.
Trading DAX 30 is a smarter way to invest in the German stock market. The reason is that only when the asset value increases through CFD trading, the trader can make a profit on the market.
DAX 30 is traded under the DAX ticker symbol or DAX 30 symbol for CFD trading on PrimeXBT. PrimeXBT offers leveraged and long and short positions on DAX and other major stock indices.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...