Germany 40
Definition of Germany 40
What is GERMANY 40?
The GER 40 (indicative of the DAX 40) is an index that tracks the 40 largest companies being traded on the Frankfurt Stock Exchange (FWB), as measured by market capitalization and order book volume. GCMAsia offers futures contracts on the index, with trading hours Monday-Friday, 07:01 – 20:59 GMT.
The idea of a stock market index is to measure how a certain segment of stocks on a particular exchange are trading, and it can be an effective indicator of the general stock market.
Among the major stocks measured on the GERMANY40 are Bayer, Adidas, Deutsche Bank, and BMW.
How do forex traders use GERMANY 40?
Because the Germany 40 is a leading indicator of the major stocks being traded on the German stock exchange, CFD traders are able to learn a great deal about which stocks are worth watching closely, and which are to be avoided. Seeing whether the GERMANY 40 is bullish or bearish, traders gain a strong tool for developing a trading strategy.
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