4 New Market Indices To Trade With Prosperity Group International

Prosperity Group International recently announced the inclusion of 4 new Market Indices to their already successful trading line-up. The addition of these Indices means more trading opportunities on a wider variety of global markets.

One of the new markets added to Prosperity Group International’s portfolio is the biggest market index Euronext N.V. The following list of well established market leaders are all part of Euronext, formed by the merger of the Paris, Brussels, and Amsterdam exchanges. Euronext is the holding company for Euronext Brussels, Euronext Paris, Euronext Amsterdam, Euronext Lisbon, and London-based futures exchange LIFFE. Combined, the Euronext components make up the second-largest exchange in Europe and fifth-largest exchange in the World.

Below is a brief description of the newly added Indicies;

BSE – (Brussels – Belgium Stock Exchange – BEL20 EEB)

The Brussels Stock Exchange, known as the BSE, was founded in Brussels, Belgium in 1801. In September 2000 the BSE merged with Paris Bourse, Lisbon Stock Exchange and the Amsterdam Stock Exchange, to form Euronext NV, a pan-European stock exchange based in Paris which also has subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom.

In 2007 the Euronext NV merged with the New York Stock Exchange (NYSE) to form the New York Stock Exchange Euronext, which allows foreign brokers to trade activity. The most well known index on the BSE is the BEL20.

AEX – (Amsterdam – Dutch Stock Exchange – AEX EEB)

Established in 1602 as Amsterdam Stock Exchange, it is renowned as the oldest stock exchange in the world. Later it was renamed the Amsterdam Bourse and was the first to formally begin trading in securities.

The Amsterdam Exchange (AEX) as we now know it, was formed by the merger of the Amsterdam Stock Exchange and the European Option Exchange (EOE) in 1997. The EOE, founded in 1978 in Amsterdam as a futures and options exchange, started a stock market index in 1983 (known as the EOE Index) which consisted of the 25 largest companies that trade on the stock exchange.

In September 2000 the AEX merged with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The AEX is now managed by Euronext Amsterdam.

Euronext 100 – (Paris – European Stock Exchange – N100 EEB)

The merger of the Amsterdam Stock Exchange, Brussels Stock Exchange, and Paris Stock Exchange in September of 2000 resulted in the formation of Euronext. The Euronext group provides clearing and information services as well as equities and derivatives. The Euronext 100 Index is the blue chip index of the pan-European exchange, Euronext NV.

Euronext has cross-membership and cross-access agreements with the Warsaw Stock Exchange for their cash and derivatives products, and with the Helsinki Exchanges on cash trading.

Next 150 – (Paris – European Stock Exchange – N150 EEB)

The Next 150 Index is comprised of mid to large capitalisation stocks on the Euronext exchange. The index consists of the 150 next largest stocks following the Euronext 100 index and includes stocks from the Amsterdam, Brussels, Lisbon and Paris exchanges of Euronext.

Day Trading Indicators and Indicator Trading

Did You Begin Day Trading As An Indicator Only Trader?

Did you start day trading after buying a book on technical analysis, and getting a charting program – probably a free one that you found online – in order to save money? While reading your book you learned about trading indicators which could ‘predict’ price movement, and what do you know, the ‘best’ indicators were actually included in your free charting program – let the games begin.

Now that you have all the day trading tools that are necessary, the book for education AND the free charting program with those ‘best’ day trading indicators, you now need a day trading plan so you can decide which ones of those ‘magic’ day trading indicators you are supposed to use. This really is a great book, besides telling you how to day trade using indicators to ‘predict’ price – it also said that you need a trading plan to day trade.

So what should this plan be? The book told you about trend following using an indicator called macd, and it also told you how it was possible to pick the top or bottoms using an indicator called stochastic; my guess is that you picked the stochastic indicator to start your day trading – this must be the ‘best of the best’ since this indicator was going to ensure you of entering your trades with the ‘best’ price. Amazing, simply amazing how easy this day trading stuff really is. In fact, why even bother taking the trades, each time your indicators give a signal – just call up your broker and tell him to stick $100 in your account.

My book was Technical Analysis of the Futures Markets. My charting program was TradeStation with an eSignal fm receiver; that was the one that if you hung the antennae wires just right, and you put enough foil on the tips, you might even get quotes. I had sold a business before I started trading so I did have some capital – isn’t that how everyone gets into trading, you either sell a business or you lose your job? My indicator was the macd as I had decided that I was going to be a ‘trend follower’ instead of a ‘top-bottom picker’. I also decided that I was going to be ‘extra’ clever, if one indicator was good than two indicators must be better, so I added a 20 period moving average. My first trade was a winner, then after many months of extensive therapy, I was finally able to forget the next twelve months – ahhh the memories 

Learning To Day Trading – The Learning Progression

Beginning to day trade, or learning to day trade, as an indicator trader is very typical. This is also logical when you consider – HOW are you supposed to initially learn how to trade? Trading indicators are available to anyone who has a charting program, and simply using line crosses, or histogram color changes, provide ‘easy’ signals to understand. If you will also take the time to learn the arithmetic behind your indicators, as well as learning what each indicator is specifically intended to do, not only is this a logical way to begin, it is also a good ’step’ in your learning progression – understanding the WHAT you are doing, instead of attempting to create ‘canned’ indicator only trading systems, without any regard as to WHY you are trading this way.

This does become one of the ’sticking’ points in your learning progression, as you come to find out that you are unable to profitably trade indicators as signals only – now what? Now what – you ‘can’t’ develop your own indicators, so you start doing google searches for day trading indicators and start buying your ‘collection’ – they don’t ‘work’ either. Now what – you buy a mechanical trading system – what does hypothetical results may not be indicative of real trading or future results mean? Now what – you start subscribing to signal services OR you start joining the ‘latest and greatest’ chat room – am I really the only person using the signals who isn’t profitable?

Now what – you never learn how to trade.

I began trading as an indicator trader, and I did try to learn everything that I could about the various indicators, as well as trying to combine indicators that were consistent with how I wanted to trade – I just could never develop a mechanical day trading system from what was available to me. I read a couple more books that didn’t really help me, so I then started looking for someone who could teach me. From what I now know about gurus -vs- teachers, I am very lucky that I got involved with a money manager-trader who taught me a tremendous amount, but I still couldn’t get profitable, in part because there was also ‘pressure’ to learn how to trade using real money. As well, any discussions or thoughts about trading psychology and the issues involved, especially to beginning traders, was non-existent.