From Consistently Trading Currencies To Consistently Trading Indices – (Very Powerful). In this video I share on how I got into indices. I first had to do a lot of back-testing in order for me to be as confident and profitable as I am today. I never thought that I would be milking indices as I do currently. I started of with R1500, which I later blew. Volatility indices are commonly referred to as “fear gauges” because of their inverse relationship to prices. The VIX index is one of the most well-known volatility indices. This index is based on the S&P 500 Index (SPX), the most widely followed US equity index.