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Published on: 18 Sep 2024
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HowToTrade.com provides our readers with a daily market analysis for the NASDAQ100 index, including the latest news, US100 prices, updates, and price forecasts from our trading experts.
NASDAQ 100, also known as the US Tech 100 index, is a stock market index that tracks the performance of the 100 largest US technology companies. The index, which was founded in 1985, is considered by many to be one of the most important indices worldwide since it has a huge role in predicting where the global economy is heading. Indeed, NASDAQ 100 is just an index; it is essentially a portfolio of the most innovative and forward-thinking tech companies. Some might even call it ‘the index of the future’.
Some of the well-known companies listed on NASDAQ 100 include Apple, Microsoft, NVIDIA, Meta Platforms, Alphabet, and Tesla Motors.
To trade the NASDAQ 100 index, you need to open a trading account with a brokerage firm that offers the index as a trading instrument.
Follow these steps to start trading the US100 index:
Typically, the most active trading hours to trade NASDAQ 100 are during the US trading session and the overlap between the European and the US sessions. Additionally, the US100 index tends to have the highest volume when major economic data and earnings reports are released.
It all depends on the method you choose to trade the US100 index. If you decide to trade NASDAQ 100 through ETFs or futures - then, you need a significant amount of money to start trading. Alternatively, you can trade US100 with a CFD or spread betting contract. This way, you can start with a relatively low initial investment, starting from $50, depending on the brokerage firm you choose.
As we enter the second half of 2024, NASDAQ 100 is hovering around all-time levels. Even so, many analysts and economists predict that the index can continue its uptrend in the following months. This can be largely attributed to the fact that the Federal Reserve is projected to start cutting rates soon. In addition, many US100 Companies reported high revenues in the last quarter, indicating a strong bullish market sentiment.
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