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- About MGX
A share is a security that confirms your right to own part of a company. If the company is developing and doing well, the share price also rises. But if the economy is in crisis and the company is close to bankruptcy, the value of your share goes to zero, turning it from a security into an ordinary worthless piece of paper.
You can avoid such a sad fate with the help of Contracts for Difference (CFDs). CFDs are an extremely practical financial tool that allows you to quickly buy and sell shares without their actual delivery and the accompanying bureaucratic red tape. At the same time, you can potentially benefit from changes in the share price in any direction. It doesn't matter if it falls or rises. All you need to do is predict its price movement in the right direction and capitalize on the difference in prices.
MGX Brokers offers traders and investors CFD contracts on the shares of many of the most famous companies, leaders in the global economy in a variety of fields. Such well-known brands as IBM, JP Morgan Chase, Coca-Cola, Tesla, Twitter, Mastercard, McDonalds, Microsoft, UBER, eBay, Alibaba, Deutsche Bank and many others are among them. Their publicity allows anyone to get acquainted with the balance sheets of these companies, assess their plans and prospects, and to draw up their economic forecast on their basis. Of course, in addition to fundamental analysis, technical analysis can also be used here, which will be especially useful for those who make money on short-term market fluctuations.
The shares of one particular company, even the largest one, may not reflect the state of the economy as a whole. The company may be in trouble, but the economy may be booming. And vice versa. That is why trading CFD (stock) indices have been developed so that investors can get an idea of the current state of the market as a whole.
The US economy is the largest in the world. Therefore, the main indices that can be used to diagnose its health are included in the MGX Brokers line of trading tools. These are Dow Jones 30 (DJ30.c), S&P 500 (US500.c) and NASDAQ-100 (USTEC.c).
The Dow Jones industrial index was developed back in 1884 by Charles Dow, the founder of The Wall Street Journal and the creator of the Dow theory. This is currently not one, but a whole family of different indices. The most famous of them is the Dow Jones Industrial Average, otherwise the Dow Jones 30. Its basket includes 30 shares of major companies, such as Apple, Goldman Sachs Group, Boeing, Johnson & Johnson, Microsoft, Procter & Gamble.
Next on the list is the S&P 500. This index includes the 500 largest publicly traded companies, which account for 80% of the capitalization of the entire US stock market. Thus, the dynamics of the S&P 500 reflects the state of almost the entire US economy.
Third index - NASDAQ-100 , includes 100 largest companies, mostly from high-tech industries, not only from the United States, but also from other countries, whose shares are traded on the US Nasdaq stock exchange. Its basket includes stock market “whales” such as Facebook, PayPal, Google, Yahoo, eBay, Amazon, Pepsi, etc.
In addition to US indices, the DAX index (De30.c), which reflects the state of the German stock market, the locomotive of the European economy, is of great interest. DAX is traded on the Frankfurt Stock Exchange. According to European traditions, it is not numerous, it has only 30 participants, so DAX is listed as GER30 in the quotation lists. Of the world-famous companies, this index includes Adidas, Volkswagen, BMW, Siemens and Bayer.
Japan's economy is represented by the Nikkei 225 (JP225.c). It is calculated as a simple arithmetic average of the stock prices of the 225 most popular and largest companies actively traded on the Tokyo Stock Exchange. The Nikkei 225 features such industrial "monsters" as Hitachi, Mitsubishi, Sony, Honda, Fujitsu, Toshiba, Bridgestone, Casio, Citizen, Nissan, Panasonic, Toyota, Nikon, Kodak, Canon and many others, whose total capital exceeds the tremendous figure of $5 trillion.
Symbols | Name | Currency | Contract size | Minimum Trade | Maximum Trade | Commission (r/t) | Leverage | Swap Long | Swap Short |
---|---|---|---|---|---|---|---|---|---|
APPL.OQ | Apple | usd | 1 | 1 | 100 | 0,2% | 1:05 | -0,72 | -0,57 |
AMZN.OQ | Amazon.com Inc | usd | 1 | 1 | 100 | 0,2% | 1:05 | -18,45 | -14,54 |
BA.N | Boeing | usd | 1 | 1 | 100 | 0,2% | 1:05 | -1,35 | -1,06 |
BABA.N | Alibaba | usd | 1 | 1 | 100 | 0,2% | 1:05 | -1,54 | -1,2 |