Trade Stock Baskets with FXCM
What is an FXCM Stock Basket
FXCM's Stock Baskets contain a number of individual stocks relating to a specific sector.
At the time of the baskets inception, each stock was given a value in $ terms. The baskets will from that point forward measure the collective performance of each of the correlated components.
FAANG's original price was $2,000 and Netflix represented $400 of that $2,000
If today that same amount of Netflix shares that were worth $400 is now worth $415, that stocks contribution to FXCM's FAANG price will be 415.
The contribution of each of the stocks will formulate the current rate of FXCM's FAANG Index.