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FTSE 100 index is the underlying of FTSE 100 future. It is a share index constituted by the 100 most capitalised companies listed on London Stock Exchange.
This contracts is listed on Euronext derivatives exchange and it is quoted in index points worth 10 GBP per point. This contract attracts a large number of investors because it offers a good balance between value/volatility.
Our trading system is based on the nearest quoted month. Signals are usually sent just before the opening or during the trading day, depending on market conditions. Trading starts 8:00 and ends at 17:30 GMT from Monday to Friday.
This is an overnight trading system.
Currency = Great Britain Pound GBP
Contract size = 10 GBP per index point
Minimum price fluctuation (tick) = 0,5 index points
Tick value = 5 GBP
For more technical info click on www.euronext.com
The trading system we have developed is based on a trend following approach. We strictly follow this rule so we tend to reduce the number of trades during the year, to provide good entries on significant levels where we believe (statistically) that the market will bump or will break. We strongly believe in overnight and trend following trading.
Maximum Stop loss = 700 GBP
Initial Capital required = 15,000 GBP
The European Central Bank held its main rate steady yesterday. It was expected by many, and it seemed that there will not be cuts in the close future. Trichet was clear on this point, no early cut expected. The ECB's president is fighting against only one enemy, inflation, but he is not considering that the more he fights on that side, the more he loses on European growth. The 2009 growth forecast has been reduced by 0.3%. We are sure that we all are going to pay the price of a slow growth. Euro currency was pushed again high and it was a good opportunity to speculate on its rise.
In England it happened exactly the same as in Euro zone. The Bank of England left its rate unchanged at 5.25%. As a consequence, GBP broke the 2$ barrier for the first time in this year. We expect it to stay above 2$ at least until the Bank's minutes in two weeks time.
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