2 cents from a European... I agree with all said previously and would in no shape or form recommend a novice start trading the Dax....its an uncompromising market even for the pro!! That being said it is the most profitable market my program trades (FTSE,Cac,Dax, S&P & Dow futures). It can and does move independently to the US markets, YTD its up around 10-13% where as US is down 2-3% I believe. yes it can follow the US in the afternoon but will often dance to its own beat... take this morning as an example, S&P dropped 6 pts after the Dax closed, dax was called (by spreadbetters) to open 20 lower accordingly. It actually opened up 5 and rallied to be up 47 as we speak.... If you want an easy ride try eurostoxx50 or e-mini s&p which often follows the dax early european trade and is a lot less painful if your offside. peace & profit
forgot to say that e-local (guaranteed IB of RCG) trades dax/eurostoxx50 etc) at good rates...& RCG's ultimate executing broker for European markets is Fimat. peace & profit
fader...apols my source was top of my head waffle from end of Aug..... 2005 JAN (0.03) FEB 2.25 MAR (0.04) APR (3.77) MAY 6.59 JUN 2.82 JUL 6.55 AUG (1.16) SEP 4.44 OCT NOV DEC YEAR 18.53% Obviously same is true for US fig I quoted.. peace & profit