DAX30 Index to expand into the DAX40!

September 13, 2021 13:00

Dear traders

 

There is an exciting new development in the most popular trading instrument of Admirals clients: the DAX30 is expanding its indexed constituents to become the DAX40 on September 20, 2021

The new companies to be represented within Europe’s premier index are: 

  • Airbus SE  
  • Zalando SE 
  • Siemens Healthineers AG 
  • Symrise AG 
  • HelloFresh SE 
  • Sartorius AG Vz  
  • Porsche Automobil Holding  
  • Brenntag SE 
  • Puma SE  
  • Qiagen N.V. 

 

DAX Recap 

The name of the CFD instrument is changing to DAX40 soon, but the trading benefits will stay the same! 

Just in case you haven’t traded the DAX before, here is what you have been missing out on

The German DAX index has been one of the most volatile, and popular, instruments over the last few years. Active CFD traders search for price action movement, and it doesn't matter if the markets go up or down. It was common to see 1000 points of movement per month, or around 50 points per day – making the DAX quite an attractive instrument.   

One point in the DAX30 (new DAX40) reflects 1 Euro per one full contract, so imagine just how many trading chances can arise. And if you trade more than one contract, like 5 or 10 for example - you can imagine the multiplied results by a factor of 5 or 10! 

The minimum trade volume at Admirals is 0.1 lots, also called “DAX Minis”. With these, you are able to find the trading volume that best fits your personal trading approach and strategy. Whether you hold your position for just minutes, as in scalping, or for hours or days - you can feel confident that there will be some attractive price movements making your trade worthwhile! 

But never forget, with CFD trading, the effect of leverage multiplies results in both directions; the potential profits and the potential loss. A simple stop loss order and responsible risk management can help you limit your risk. And, unlike many other brokers, Admirals has NO minimum stop distance, put the stop loss as near as you like!  

Want to learn more about how to trade the DAX? Visit our DAX knowledge section here

 

For clients currently trading the DAX:  

New companies will be added to the index through the routine procedure of index rebalancing, which has happened numerous times in the past, and is therefore designed not to create technical price impacts or changes to the actual index level. If you trade the DAX30, there will be some changes to your instruments and charts for you to be aware of, and if you utilise expert advisors (EAs) or indicators in your trading plan, you will have to take steps to transfer them over to the new instrument. 

Please note the following: 

If you use indicators and EAs (and have opened positions) and they are set up in a certain way, you should save the templates of those settings and apply those on DAX 40 chart beginning September 15. Please note however, that the new [DAX40] instrument will become tradable starting from September 20. 

If you want to transfer your indicators, Expert Advisors (EAs) or use technical analysis objects on the DAX30 to the DAX40, just follow these steps: 

  • right-click on the [DAX30] chart area to open:  
    chart menu -> Templates -> Save Template -> give this template a unique name when prompted 
  • right click on the [DAX40] chart area to open:  
    chart menu -> Templates -> Load Template -> select previously saved chart template. 

If you do not have any opened positions and settings, but want to trade DAX40, just add a new symbol to Market watch and set it up for trading as usual.  

If you will have open positions in [DAX30] at the close of weekly trading session on September 17, please consider that during the weekend preceding the change, September 18-19,  Admirals will update all open positions and pending orders (if any) to the DAX40. Clients do not have to take any actions with their positions and orders. 

 

Thank you for joining us in this exciting development, and happy trading! 

 

Kind regards, 

Admirals

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