Welcome to Immy's Daily London Open Report Episode #1Hi, This is Immy from iTradeAIMS. But I'm guessing you already know that right?
I'm excited and welcome you to my Daily London Report. I used to do this in the past for members only but now It's going to be for everyone.
What is the London Report
So, I have decided to start sending out a daily report of the London Session. In these videos I'll talk about the DAX and The FX charts as well. I will go over the charts and discuss and analyse what happened and what's about to happen.
As you might know we trade The DAX30 during the first two hours of london session.
and What is DAX?
The DAX 30 Stock Market Index (full name the Deutscher Aktien IndeX, which means German Stock Index) consists of 30 large, blue-chip German companies trading on the Frankfurt Stock Exchange.
Just like the FTSE 100 and S&P500 it is a capitalization-weighted index so it essentially measures the performance of the 30 largest, publicly traded companies in Germany.
It surely is a stronger indication of the strength of the German Economy and investor sentiment towards the German Equities market.
However for us, we don't care about the sentiment etc. What we care about is that it moves. And YOU can make a $500 daily killing on it (when it moves).
And oh Yes, it's not a forex pair but the way it moves, makes it perfect instrument for Setup 1 on the M1 Chart. That is because its highly volatile, most of the days.
So, I'm going to be sending out these videos, hopefully, on a daily basis and hope you like it and watch it. And please don't forget to comment and hit the like button.
WATCH VIDEO: https://youtu.be/cZWrlALE6qo
Hope you enjoy it and leave a comment and like. Let me know if you'd like me to talk about something. I'll try to include it in the next video.