DAX 30 is the most important stock index of the German Stock Exchange, the Frankfurt Stock Exchange, and measures the performance of the 30 largest German companies in order of books and capitalization. The Deutsche Aktienindex 30, literally “German stock index 30”, is, therefore, an index that includes German shares of the blue-chip type. Prices are managed by an electronic trading system, the Xetra.
Among its most important stocks are Bayer, Daimpler, Siemens, Allianz, BASF, SAP and Deutsch Telekom.
The CFD Plus500 trading platform can be used to trade on the DAX 30 index.
Trading on DAX 30
To trade on DAX 30 online, you can use CFDs, ie securities whose value is based on the underlying assets, which in this case, are given by DAX 30 futures. When we talk about trading on indices we refer to quarterly futures, which for DAX 30, expire every three months at the end of March, June, September, and December.
The security on which you can trade at any given time refers to the futures related to the nearest expiration. So, for example, if you trade on February 5, the securities you are trading on will be the DAX 30 futures that expire in March. Once this deadline has passed, we will refer to those with expiry in June.
Below is a real-time chart of the DAX 30 CFDs offered by Plus500. As you can see, clicking “full details” will take you to the description page of this product.
Then, by clicking “Future Eurex”, you will get to this page (link missing) where you can get more information about maturities and more. This is the official page, so it’s in English and German.
However, these details are not essential for trading purposes. What is important is to have a good platform on which to trade on the DAX 30 index that is both responsive and reliable.
How do I trade on DAX 30?
To start trading on the German stock index DAX 30 you need access to a trading platform like 24option or IQ Option.
With CFD brokers, you can make profits based on the price change that occurs in the market. With binary options, you can profit by predicting the direction (high or low) of the index within a given expiry date.
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