What Is The Best Time To Trade US30 In South Africa

What is us30?

The US30, also known as the Dow Jones Industrial Average, is a stock market index that measures the stock performance of 30 large, blue-chip companies trading on the New York Stock Exchange and NASDAQ.

What Is The Best Time To Trade US30 In South Africa?

The best time to trade Forex is generally between 10:00 and 16:00 SAST (South Africa Standard Time).

10:00 SAST is when the London session opens and 16:00 is one hour into the U.S. session. Between 10:00 and 16:00 is a good time to catch important economic news releases which can have a great impact on the exchange rates.

How much money do you need to trade US30 in South Africa?

The US30 has a minimum value of $0.10 per point (Your per-point value may be different if your account is denominated in a different currency.

Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown below.

Does USD affect US30?

The US30 has lots of large multinational exporters, hence their price and the US30 will fluctuate with the value of the dollar (usually inversely correlated). So, one could use the US30 to express a view on the dollar.

Is US30 profitable?

US30 forex, also known as the Dow Jones Industrial Average (DJIA), is a popular instrument among forex traders. It represents the performance of the top 30 publicly traded companies in the United States.

As a highly liquid and volatile market, trading US30 can offer significant profit potential.

How is the US30 price calculated?

The value of the Dow 30 is computed by adding up all the stock prices of its 30 components and dividing the sum by the Dow Divisor.

The Dow 30 is considered one of the best barometers of the U.S. stock market and economy. Individuals can invest in the Dow through the SPDR Dow Jones Industrial Average ETF.