What are FDAX futures?

The FDAX is a contract on the underlying DAX 30 that is traded on the Eurex Exchange (the European futures and options market). To simplify a bit, DAX futures can be understood as a bet on the level of the DAX at a certain date in the future. This is called a forward bet.

How to trade Dax futures?

If you want to trade DAX futures with one of the brokers in the US, it’s advisable in most cases to have a minimum account balance of $5,000. The larger the account, the better, as it reduces the amount of risk per trade. In general, you should consider the following criteria when choosing a broker:

When was the Dax created?

The DAX was created on the 1 st of July 1988. But the base date is taken as 30 December 1987, and it started from a base index value of 1,000. Unlike other indexes, the DAX gets updated with futures prices for the next day. Since the first of January 2006, the Xetra technology calculates the index every second. DAX futures: What is it?

What is settlement in Dax futures?

Settlement is the final stage of this process, in which the exchange actually takes place. For DAX futures, settlement takes the form of a cash settlement. Payment is due on the first day of trading after the settlement date. Although this is irrelevant to day trading, you should at least have an understanding of the basic principles.