DAXm
 

What is DAXm?

DAX 30 mini (DAXm) is a twist on the original index, DAX 30 (GDAXI). This mini contract allows retails traders to also seek profit and take advantage of trading an index containing the top German stocks, allowing traders to reach a desired exposure to German stocks more accurately. With a fraction of the DAX30 contract size, the DAX 30 mini contract allows investors to efficiently gain broad market exposure with a single trade.

 

What is DAX 30?

On July 1st 1988, the Frankfurt Stock Exchange the German blue-chip stock index DAX 30 (Ger30), also known as Germany 30. DAX 30 is the main stock market index of the Frankfurt Stock Exchange. Being one of the high performance indices, DAX 30 reflects the performance of the top 30 biggest companies in Germany measured by free-float market-capitalization and order book volume. This German benchmark index is often seen as an indicator of the German economy.

Quarterly, companies in DAX 40 are manually rebalanced and checked; assuring that DAX 30 eligibility criteria are met. Having contained some of the most profitable shares in Germany, this influential index has excellent potential for successful CFD trading.

One of the many benefits of trading indices, and in specific, DAX 30, is the exposure to the number of high performing German stocks that can be traded through CFD’s. Another factor that should be looked at when choosing the best index to trade is its liquidity. To add to the advantages of DAX 30, this index is characterized by sufficient size and liquidity. This potentially profitable German index is recognized as a benchmark index for investing in the German stock market.

 For successful CFD trading, PCM International offers access to accurate real-time DAX 30 forecasts, charts and updated news on Germany’s economics events. Traders can seek profit from the fluctuations that are provided by the news based on the economic events of Germany. With PCM International, traders are able to benefit from professional trading platforms that enable them to use advanced CFD trading strategies. In addition, trading GER30(DAX 30) through PCM International allows you to leverage your exposure to market movements for maximum profit.

 A key factor of trading CFD’s successfully is being educated about potentially profitable trading opportunities and knowing it’s in-depth specifications and benefits. The table below is provided for further details about the index.

Contract Specifications for DAXm

Contract Parameters
Class Equity Index (stock market index)
Symbol DAXm
Description Index representing 30 top German stocks
Standard Tradable Quantity (also called a LOT) 10 DAXm contracts
Minimum Tradable Quantity (the fraction of lot available to trade) 1 DAXm contract
Base Currency (Currency used for margin, P&L and other calculations) United States Dollars
Tick Size (The least incremental change in the price of the index) 0.1
Tick Value 1 EUR
Margin in Percentage 3%

 

CFD Category: 
Shares-and-Indexes