At FCI Markets we’re FX specialists…but we’re also traders.
As traders, we know it’s best not to get married to any 1 position, any 1 indicator or any 1 instrument for that matter.
It’s always a better stance to diversify and trade what’s moving and trade what’s more suitable for your strategy or what’s in vogue, attracting positive flows.
Recently, with all the positive news on the anti-coronavirus vaccine front, equities have been the simpler play and various US indices have reached all-time highs.
Now, you can also take part in these fantastic trends. The DOW JONES and the NASDAQ are now tradable through the FCI Netstation, Clearpro and MT5 platforms.
Long-Term View
Here are the longer-term, weekly charts of the Dow and the Nasdaq. Even a simple long-term trend filter, such as a crossover of the 13 and 34 EMAs, can help you navigate the macro-moves on these instruments.
Short-Term View
Trading indices is no different than trading FX or Gold. You can utilise the same setups you use on your favorite FX pairs to trade the intraday, swing or long-term trends in indices as well.
For example, in the chart above, we see the Dow in a long stance (due to the 13/34 EMA crossover) highlighted by the green vertical line. As such, we are only looking for “long” trades.
By using a simple entry trigger, for example a Daily Pin-Bar, you can easily slide into position to ride the potential upwards moves.
This simple strategy is ideal if you have very little time to follow the markets.
Short-Term Stance
Or perhaps you have more time to trade during the day, and you prefer an intraday stance? No problemo: the volatility of US indices is much higher than FX. This means that intraday trading is much more feasible.
In the chart above, we’ve highlighted some key support and resistance areas we teach to identify in our Professional Trader Academy.
By ONLY trading in line with the short-term directional bias, and using these key levels as the areas to scan for triggers, you can potentially benefit from the intraday movement on US indices in a simple and uncluttered fashion.
The following charts highlight 2 triggers we teach in our Academy.
Get on the Path to Consistency
With over 70 instruments to trade, and now with the popular US indices also available, you have an abundance of trading opportunities to be ceased each week. The long-lasting trends in the Dow Jones and the Nasdaq are just the tip of the iceberg.
So what are you waiting for? Get on the path to consistency today!
And if you’re new to trading, we’ve got you covered. Check out the FREE Trader Foundations Course. With 15 years of trading experience condensed into 12 essential lessons, you’ll be taking giant leaps up the learning curve!