INDICES
What is INDICES?
Indices, in the context of financial markets, refer to stock market indices. A stock market index is a statistical measure that reflects the composite value of a selected group of stocks.
These indices are used to represent the overall market performance or a specific sector of the market. They provide a benchmark for investors and are often used to gauge the health and direction of the economy.
Popular Stock Market Indices:
- Dow Jones Industrial Average (DJIA): A price-weighted index of 30 significant U.S. companies.
- S&P 500: A market-cap-weighted index of 500 large-cap U.S. companies.
- NASDAQ-100: A market-cap-weighted index of 100 large non-financial companies listed on the NASDAQ stock exchange.
- FTSE 100: A market-cap-weighted index of 100 large companies listed on the London Stock Exchange.
- Nikkei 225: A price-weighted index of 225 large Japanese companies traded on the Tokyo Stock Exchange.
Trading Forex CFD's with PRIDE WEALTH
Available Pairs
Minimum deposit
Spreads From
Maximum Leverage
Forex Trading Conditions
| Symbol | Spread |
|---|---|
|
USDJPY |
0.022286942 |
|
GBPJPY |
0.030721521 |
|
EURJPY |
0.021385535 |
|
AUDJPY |
0.024269214 |
|
CADJPY |
0.027738019 |
|
CHFJPY |
0.027084795 |
|
NZDJPY |
0.02766442 |
|
GBPJPY.m |
0.034288032 |
|
USDJPY.m |
0.023541728 |
|
EURJPY.m |
0.02474717 |
|
EURHUF |
0.358289444 |
|
CADJPY.m |
0.028188776 |
|
AUDJPY.m |
0.025519231 |
|
EURUSD |
0.00014898 |
|
NZDJPY.m |
0.028219858 |
|
GBPUSD |
0.000213589 |
|
USDHUF |
0.438273333 |
|
CHFJPY.m |
0.031166667 |
|
EURUSD.m |
0.000207651 |
|
USDCAD |
0.000202279 |
|
USDZAR |
0.006110299 |
|
AUDUSD |
0.000181261 |
|
EURAUD |
0.000282689 |
|
GBPUSD.m |
0.000245619 |
|
USDBRL |
0.005067708 |
|
USDINR |
0.0723 |
|
EURGBP |
0.000177845 |
|
USDCHF |
0.000203215 |
|
NZDUSD |
0.000200712 |
|
GBPAUD |
0.000312382 |
|
AUDCAD |
0.000284457 |
|
EURCAD |
0.000280307 |
|
GBPCAD |
0.000311985 |
|
USDMXN |
0.011071875 |
|
AUDUSD.m |
0.000233838 |
|
USDBRL.m |
0.004407833 |
|
SGDJPY |
0.052 |
|
GBPNZD |
0.00032457 |
|
EURNZD |
0.000456151 |
|
GBPCHF |
0.000262875 |
|
CADCHF |
0.00029058 |
|
NZDCAD |
0.000322208 |
|
EURCHF |
0.000202942 |
|
USDCAD.m |
0.000234304 |
|
NZDCHF |
0.000351158 |
|
AUDNZD |
0.000261402 |
|
AUDCHF |
0.000266788 |
|
USDMXN.m |
0.0071375 |
|
EURGBP.m |
0.000228305 |
|
USDCHF.m |
0.000249717 |
|
USDNOK |
0.007408182 |
|
GBPCAD.m
|
0.000327407 |
|
GBPCHF.m |
0.000318683 |
|
EURAUD.m |
0.000284672 |
|
EURSEK |
0.006475 |
|
USDCNH |
0.000685275 |
|
NZDUSD.m |
0.000237178 |
|
EURZAR |
0.00794 |
|
EURCAD.m |
0.0003094 |
|
EURNOK |
0.004639 |
|
USDPLN |
0.0103 |
|
USDZAR.m |
0.00545 |
|
CADCHF.m |
0.000265037 |
|
GBPAUD.m |
0.00029098 |
|
USDSEK |
0.004866667 |
|
USDDKK |
0.001854667 |
|
NZDCAD.m |
0.000300119 |
|
AUDCAD.m |
0.00037403 |
|
NZDCHF.m |
0.000279888 |
|
AUDCHF.m |
0.000253258 |
|
EURNZD.m |
0.000332203 |
|
EURCHF.m |
0.000239114 |
|
GBPNZD.m |
0.000392553 |
|
EURMXN |
0.00549 |
|
USDSGD |
0.00042697 |
|
USDCNH.m |
0.0004045 |
|
EURTRY |
0.00641 |
|
EURSGD |
0.00116 |
|
EURPLN |
0.001695 |
|
GBPSGD |
0.0004 |
|
AUDNZD.m |
0.000279863 |
|
EURMXN.m |
0.00723 |
|
USDDKK.m |
0.001683333 |
|
USDTRY.m |
0.00237 |
|
EURTRY.m |
0.018155 |
| Table Header | Table Header |
|---|---|
|
Initial Minimum Funding |
$10 |
|
Commissions |
none |
|
Spread Type |
Floating |
|
Minimum Order Size |
0.01 lot = 1,000 of base currency |
|
Stopout Level |
Equity = 40% of used margin |
|
Server Time |
GMT+3 |
|
Account Denomination |
USD, EUR, GBP |
| Symbol | Long | Short |
|---|---|---|
|
EURUSD |
-6.132 |
2.536 |
|
AUDUSD |
-5.04 |
0.56 |
|
EURGBP |
-5.16 |
0.96 |
|
GBPUSD |
-2.316 |
-0.84 |
|
NZDUSD |
-1.8 |
-3.6 |
|
USDCAD |
-1.2 |
-5.4 |
|
USDCHF |
4.56 |
-14.4 |
|
USDJPY |
17.36
|
-31.56 |
|
EURCHF |
4 |
-10.8 |
|
AUDCAD |
-6.6 |
-5.4 |
|
AUDCHF |
0.4 |
-7.8 |
|
AUDJPY |
6.72 |
-16.56 |
|
AUDNZD |
-8.4 |
-0.6 |
|
CADCHF |
0.752 |
-10.08 |
|
CADJPY |
9.52 |
-20.64 |
|
CHFJPY |
3.376 |
-10.536 |
|
EURAUD |
-4.8 |
-2.4 |
|
EURCAD |
-8.4 |
-1.2 |
|
EURJPY |
7.04 |
-28.44 |
|
EURNZD |
-12 |
1.36 |
|
GBPJPY |
8 |
-36.24 |
|
NZDJPY |
1.2 |
-20.4 |
|
GBPCHF |
3.4 |
-16.92 |
|
GBPAUD |
0.4 |
-10.2 |
|
GBPNZD |
-5.4 |
|
|
NZDCAD |
-3 |
-5.52 |
|
NZDCHF |
2.4 |
-11.4 |
|
USDINR |
-0.528 |
0.08 |
|
GBPCAD |
-1.4 |
-3.432 |
|
EURSEK |
-16.944 |
-26.856 |
|
USDTRY |
-4,896.00 |
1161.448 |
|
EURTRY |
-5,029.48 |
1341.728 |
|
USDMXN |
-43.752 |
5.88 |
|
USDNOK |
1.6 |
-57.6 |
|
USDSEK |
16.8 |
-84 |
|
EURNOK |
-49.728 |
-6 |
|
NOKSEK |
-3 |
-7.08 |
|
USDZAR |
-245.88 |
10.96 |
|
EURHUF |
-7,075.20 |
|
|
EURZAR |
-326.52 |
10.96 |
|
EURMXN |
-504 |
7.35 |
|
EURPLN |
-36.84 |
1.68 |
|
USDCNH |
-5.4 |
-54 |
|
USDCZK |
-18 |
-12 |
|
USDDKK |
8 |
-72 |
|
USDPLN |
-18 |
-12.6 |
|
USDSGD |
0.96 |
-16.2 |
|
USDHUF |
-6,240.00 |
960 |
|
USDBRL |
-99.72 |
19.76 |
|
USDHKD |
0.00088 |
-0.66 |
|
USDTHB |
-38.28 |
-73.2 |
|
USDCNY |
-5.4 |
-54 |
|
EURSGD |
-3 |
-39.6 |
|
GBPSGD |
0.344 |
-16.2 |
|
SGDJPY |
-0.24 |
-26.16 |
|
USDILS |
-6 |
-27.12 |
|
EURBRL |
-106.10208 |
19.42993978 |
|
EURTHB |
-40.72992 |
10.94110138 |
|
GBPBRL |
-125.1331149 |
24.54606409 |
|
GBPTHB |
-48.30303271 |
14.58686489 |
|
AUDCNH |
-20.48 |
21.12 |
|
CHFCNH |
-131.772 |
77.44 |
|
EURCNH |
-60.54 |
45.996 |
|
GBPCNH |
-34.392 |
19.092 |
|
NZDCNH |
-15.288 |
3.48 |
|
CNHJPY |
-0.0034 |
-0.003607 |
|
AUDBRL |
-64.439064 |
12.768912 |
|
CHFBRL |
-91.19394 |
18.07052 |
|
NZDBRL |
-59.193792 |
11.729536 |
|
BRLJPY |
-5.441611406 |
-1.615640701 |
|
AUDMXN |
-20.57397408 |
-18.48804048 |
|
CHFMXN |
-29.1162168 |
-26.1642108 |
|
GBPMXN |
-414.312 |
247.392 |
|
NZDMXN |
-18.89927424 |
-16.98313344 |
|
MXNJPY |
0.13796 |
-27.44925 |
|
AUDCOP |
-0.1628424 |
-0.5376384 |
|
CHFCOP |
-0.183706944 |
-1.364680153 |
|
EURCOP |
-0.0536256 |
-0.222042985 |
|
GBPCOP |
-0.402909881 |
-1.546234622 |
|
NZDCOP |
-0.0997248 |
-0.7408128 |
|
COPJPY |
-3.525732 |
-17.460768 |
|
USDCOP |
-1.248 |
0.168 |
|
MXNJPY |
|
|
|
AUDCOP |
-0.17
|
-0.55 |
|
CHFCOP |
-0.19 |
-1.42 |
|
EURCOP |
-0.05 |
-0.23 |
|
GBPCOP |
-0.4 |
-1.59 |
|
NZDCOP |
-0.1 |
-0.77 |
|
COPJPY |
-3.53 |
-17.46 |
|
USDCOP |
-1.25 |
0.17 |
24 hours a day as follows:
Bullion is now Sunday 23:05 (London time) to Friday 21:55 (London time) with a daily break between 22:00 (London time) and 23:00 (London time)
FX is Sunday 22:05 (London time) to Friday 21:55 (London time) with a daily break between 21:58 (London time) and (22:03 London time)
Please take note that trading hours may change during holidays. Clients will be informed of any changes by email.
Stock Trading FAQ
Additional Information
Before we can look at the specifics of indices or averages, we first need to explore the underlying financial market assets that are included in stock indices: namely stocks, shares, or equities.
Shares are a type of security defined as part ownership in a company, usually, one that is publicly listed. This gives the owner of the share an entitlement to the corporation’s earnings and assets, voting rights in major decisions about the company at the Annual General Meeting (AGM), and a dividend payment if there is one (effectively a proportion of the company’s profits).
Furthermore, if the company is run profitably and successfully, the hope is that the company’s share price will rise, and the owner of the share will make a capital gain on the value of their shareholding. Stocks and shares are primarily bought and sold on Stock Exchanges.
Averages are calculated from the prices of the selected stocks within an index (as we see below) and are used by investors as a way of gauging the performance of the different markets that the stock indices reflect. There are two main ways of calculating the value of stock indices: a price-weighted index or a capitalisation-weighted index.
Without doing a deep dive into the mathematics behind these calculations, in simple terms they differ in this way:
- A price-weighted index uses the price of the individual stocks to determine the weighting of the stock to determine the index value.
- A capitalisation-weighted index uses the value of the company to determine the weighting of the stock in the average.
The Dow Jones Industrial Average is an example of a price-weighted index. The S&P 500 a capitalisation-weighted index.
Many factors can influence the level of a stock index, but the main factors are:
Data: This includes both macroeconomic and microeconomic data.
Macroeconomic data is the major data that reflect the health of an economy or region and would include employment, inflation and Gross Domestic Product (GDP).
Microeconomic data is corporate data, which would include the usually quarterly release of company profits and revenues during earnings season. These data releases impact on an individual stock, and if the market moves are significant and/ or if the individual share has a significant weighting in an equity average, then it can have an impact on the overall index/ average.
Central Banks: Central Banks in most major economies control monetary policy, through changes to the national interest rate. Depending on how interest rates are expected to rise or fall in the future, this can impact on the whole economy by slowing or encouraging growth. That can affect individual shares and, by extension, the stock indices they form a part of.
Geopolitics: This is a broad concept which includes political, environmental, geographic and social impacts on economies and financial markets. Examples of geopolitics include trade wars (US-China trade war, 2018-2020), large political events (US elections, Brexit) and geographic events (also described as “Acts of God”) such as the Fukushima Daiichi nuclear disaster in 2011.
US – S&P 500, Dow Jones Industrial Average (DJIA), Nasdaq Composite and Nasdaq 100, Russell 2000.
Europe – FTSE 100 (UK), DAX (Germany), CAC 40 (France), EURO STOXX 50 (pan-European), FTSE MIB (Italy), IBEX 35 (Spain), SMI (Switzerland).
Asia/ Pacific – Nikkei 225 (Japan), S&P/ASX 200 (Australia), Shanghai Composite (China), Hang Seng (Hong Kong), KOSPI (South Korea), Nifty (India).
In our blog post, we explore the 10 diverse indices across industries and regions for successful trading.
Bid
The rate at which you can sell the base currency, in our case it’s the Euro, and buy the quote currency, i.e the Japanese Yen.
Ask (or Offer)
The rate at which you can buy the base currency, in our case the British Pound, and sell the quoted currency, i.e. the Japanese Yen.
Spreads
The difference between the Bid and the Ask prices.
Currency rate
The value of one currency expressed in terms of another. Its fluctuation depends on numerous factors including the supply and demand on the market and/or open market operations by a government or by a central bank.
Lot
Usually, the contract size is based on a lot system, and for most currency pairs 1 lot is 100,000 units of a base currency.
Pip
Minimum rate fluctuation
Account types
Pride Markets offer a variety of live and demo trading accounts including Joint and Corporate accounts.
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