How I’m trading Germany's Dax index

Until recently, buying German shares has been a no-brainer, says John C Burford. But is the bull market still intact?

The German stock index - the Dax is proving to be a popular market to trade with new students of the Trade for Profit Academy. Today, I will show how I am trading it.

Until recently, European stocks were the talk of the town, mainly because they were considered cheap compared with many other global markets. And the kicker was the falling euro, which naturally was seen to benefit German stocks in particular, because of their huge export presence.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.