The indices are considered to be a key indicator of
the market in each country. They are often discussed in the media and this allows
traders and investors to know more about them . Most major indices are based on
baskets of securities of leading companies and therefore are considered good
indicators of current market mood. A large part of traders who prefer to invest
short-term, are focused on the major stock indices like NASDAQ, Dow Jones and S
& P and the reason is that they allow better technical analysis and react more
favorably to price changes.
Speaking about US indices, yesterday was held quite interesting and educative
webinar, led by the professional trader Paul Wallace and organized by the
competitive online broker ActivTrades.
Some tips share by Paul Wallace about trading indices are:
- Be aware of upcoming news items;
- If there is a change in one index, follow that for the session;
- Follow any particular static or dynamic levels of support;
- Look at using correlations to your advantage!
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