CURRENCYCOM:US30   Dow Jones Industrial Average Index
The US30 otherwise known as the DJ30 or just Dow is a price-weighted stock market index that measures the performance of the 30 largest publicly owned companies listed on the New York Stock Exchange.

We saw a spike after Disney's strong earnings on Friday, Disney jumped 4.6% in premarket trading after it topped Wall Street expectations for quarterly earnings as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.

we expect the market to retest the crucial support level this week listed on the chart, Please wait for a break out before placing any trades,

We taking this trade based on technical analysis and price action.

Please use proper risk management depending on your account size, Use lot sizes based on these calculations.

Here is a break down of your pip value in ZAR and Dollars

0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26

How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)

So, each time I open (1 Lot size, am exposing R2960 (Down payment)

Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.

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