Boom100,Boom 500,Crash1000 andCrash 500 are synthetic indices aspect of forex trading, With Crash 1000 (500) index, there’s an average of one drop in the price series that occurs at anytime within 1000 (500) ticks.
With Boom 1000 (500) index, there’s an average of one spike in the price series that occurs at anytime within 1000 (500) ticks. Often times it’s hard to study how to trick the market, no 100% perfect strategy.
Trading boom and crash required a good analysis , a trader need to identify support and resistance before entering a trade. CLICK HERE FOR MORE DETAIL
There are so many things that can hinder one from get a good result in trading boom and crash such improper money management, traders psychology and strategy, according to my research trading physchology is most important thing in trading as it carry 55% ,money management carry 35% and strategy carry 15%, . while some trader spend so much time in strategy, living money management and psychology behind.As many trader lack this especial beginners move quickly and trade with being discipline, He or she might win several time but in a long run he wipe his account. To master how to trade boom and crash required a good knowledge of the trend market and chart together with discipline.
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Below you will find some of my video tutorial on how you can trade well.kindly make sure you watch all the video for good understand on trading boom and crash.
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Personally I trade synthetic indices than currency pairs, am not too good with fundamental analysis so I find it easier doing technical analysis and place my trade for profits.( Technical analysis is only needed in Synthetic indices so it gives me an edge to win always).
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Strategies for trading Boom and Crash
Forex trading is hard for all newbies, the first problem you will face is where to learn a good strategy to make good money from trading.
This problem might lead you to join some signal groups on facebook or telegram that will help you blow your account by giving you bad signals.
Below is a video of the strategy and it works, you will do well to subscribe to my YouTube channel so you can learn Good skills on how to trade profitably.
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One thing people fail to understand is that, no one will give you free sure signal, if the provider is pretty sure about the signal, he/she would use it for their personal trade, they literally gain nothing from giving you free signals that will help you make huge money, they lose nothing too but then they acquire the knowledge at a cost so at some points they will want to earn from it.
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So there is risk attached to every signal out there, the best of traders don’t give signals, they don’t have that time. So I will advise you stay away from signal groups.
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The second mistake people make is portfolio management, don’t entrust your money to someone who claims to be Pro at forex trading to help you manage, it doesn’t work that way.
The said Pro might face some bad market and help you lose your money as he/she is trading under high pressure.
Some account managers are just scammers that will do away with you money.
Moving on to boom and crash trading strategies, I will be explaining just 2 strategies here.
You will do well to subscribe to my youtube channel to watch educational videos to help you trade better for greater profitability
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1. First strategy is with the use of a special custom indicator which will help you analyze the market easily.
Below is a video of the strategy and it works, you will do well to subscribe to my YouTube channel so you can learn Good skills on how to trade profitably.
Boom And Crash Scalper
BeanFX Boom and Crash Scalper will assist Boom and Crash traders on how to scalp quick profits when trading Boom and Crash index. This strategy is a combination of five common Meta Trader 5 indicators.
Basically, the indicators are Moving averages, Average Directional Index, Adaptive Moving Average, Bollinger Bands and Force Index. The ideal time frame that is suitable for this strategy is 15 mins time frame. (Please try this strategy on a demo account before going live).
(You can use Boom and Crash Scalper and Scalper 2 strategies for scalping Boom and Crash).
(Binary dot com also known as Deriv dot com is the only broker that has Boom and Crash Index).
ADVICE FOR TRADING BOOM AND CRASH
However, i won’t advice you to jump into it and start trading immediately, because it’s simplicity makes it highly addictive for one, and before you know it you get carried away by how easy it is to make money until you meet up with the all mighty Crash that can wipe off all your money within seconds. Yes, You heard me right, your money could be wiped off in seconds by the Crash itself.
If you check the image above you will notice that the normal movement is upward movement, however, it is important to know that it goes up for a while, and all of a sudden it crashed down with a very Long Bearish candle, which is long enough to wipe off all your profit and even your trading capital. This is a major Monster faced by the traders of this special asset.
So, how do you now trade it successfully?
Very good question. For you to trade it successfully, it is important you have a full knowledge about the asset and the Psychology behind it. you also need to have the right tools that will aid you in having a successful trade. with these 2, you will be able to identify where the crash will occur, and once you know this you will be able to trade successfully and exit the market before the crash.
Another advantage of knowing where it is going to crash is; it will help you to be able to sell the crashes, which can give you even more profit within seconds.
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HOW TO BECOME A PRO IN TRADING BOOM AND CRASH
To become pro in trading boom and crash one need to understand how boom or crash move. unlike other index boom and crash move in a unique way . when you can understand this you can able trade it. boom and crash is the easiest way to trade and make money and also very easy to wipe ones account if care is not take. first of one need to identify trend,support and resistance ,and also use a right knowledge in applying . It is not adviceable to quickly jump and trade without mastering trading. Here are things that differentiate professionals and amateur . Professional are care about what they loose while amateur care about what he will gain. To explain it better amateur do not put stop loss and always greedy thinking he will always win but professionals have design a system and rules that guild them . when they lose they admit it and move on. but if amateur lose he become annoyed try to get it back were by loosing all. professional in trading study and try to get better believing that is all about getting better. amateur don’t even read to get better. trading boom and crash required a skill that is why professionals in trading treat trading a business while amateur treat it as a gambling try to get rich quick. there is no such thing in trading especilly if your trading boom and crash.
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EMAIL ME ON: agbofrank9@gmail.com
What is CFD trading
A Contract for difference (CFD) is a financial derivative that allows you to potentially profit by speculating on the rise or fall of an underlying asset, without actually owning that asset.
The movement of the underlying asset determines your profit or loss — depending on the position that you have taken.
Advantages of CFD trading
- Trade with leverage
Trade a larger position than your exisiting capital.
- Hedge your portfolio
Offset potential losses to your investment portfolio by hedging with CFDs.
- Go long and short
Trade long and short positions, depending on your preferred strategy.
What you can trade with CFDs
Contracts for difference (CFDs) allow you to speculate on a number of markets, including indices, shares, and commodities. At Binary.com, we offer popular cash indices, cryptocurrencies, as well as proprietary Synthetic Indices that simulate market movement.
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CFD contract specifications
Cash indices
SymbolDescriptionLot sizeMinimum volumeVolume stepDAX_30Germany 30 Cash index10.100.10
Synthetic indices
SymbolLot sizeMinimum volumeVolume stepVolatility 10 index10.200.01Volatility 25 index10.500.01Volatility 50 index13.000.01Volatility 75 index10.0050.001Volatility 100 index10.100.01HF Volatility 10 index10.200.01HF Volatility 50 index13.000.01HF Volatility 100 index13.000.01Volatility 10 (1s) index10.100.01Volatility 100 (1s) index10.010.01
Crash/Boom indices
SymbolLot sizeMinimum volumeVolume stepCrash 1000 index10.100.01Boom 1000 index10.100.01Crash 500 index10.100.01Boom 500 index10.100.01
Step indices
SymbolLot sizeMinimum volumeVolume stepStep index100.100.01
Range break indices
SymbolLot sizeMinimum volumeVolume stepRange break 100 index10.010.01Range break 200 index10.010.01
How to read the table above
A Contract for difference (CFD) is a derivative contract that allows you to profit by speculating on the rise or fall of an underlying asset. Your profit and loss is calculated through the difference in the buy and sell prices of the underlying asset.
Each time you open a position on an index symbol, you can start with a minimum volume transaction as indicated in the table above.
Step indices
With Step index, there is equal probability of up/down movement in the price series with fixed step size of 0.1.
Range break indices
Range break index fluctuates within a range between an upper and lower price level, also known as borders. When it hits either border, the index occasionally breaks through the range with a jump or crash, creating a new range. There are two types:
Range break 100 breaks through the range on average once every 100 times that it hits the border.
Range break 200 breaks through the range on average once every 200 times that it hits the border.
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Important notes on our swap rates (overnight funding)
If you keep any positions open overnight, an interest adjustment will be made to your trading account as indication of the cost required to keep your position open.
The interest adjustment is calculated in annual base for long and short positions according to the formula: (volume in lot *specified swap size/100)/360.
Please take note that our swap rate also depends on the time and days you hold your positions open.
How to trade CFDs
New to CFD trading? We explain a few basics that all CFD traders need to know before they start trading.
When to buy and sell
When you are trading CFDs, you can choose to open a buy position (if you think that the price will rise) or a sell position (if you think that the price will fall).
Buy
In this case, you predict that the price will rise. This is also known as ‘going long’.
Sell
In this case, you predict that the price will fall. This is also known as ‘going short’.
Let’s use the US 100 index as an example:
If you decide to buy or ‘go long’ on the US 100 index, your profit will continue to increase as long as the price of the US 100 index keeps rising. However, if the price falls, the losses you incur will also increase.
The opposite is true if you decide to sell or ‘go short’ on the US 100 index. This means that your profit will continue to increase as long as the price of the US 100 index keeps falling. However, if the price rises, the losses you incur will also increase.
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How to calculate your profits and losses
Let’s say a US 100 contract is worth 1 USD per point in the underlying asset. If you decide to ‘go long’ on the US 100, and the asset price rises by 10 points, that represents a 10 USD profit for you.
However, if the asset price falls by 10 points, that represents a 10 USD loss for you.
To learn more, please read our CFD contract specifications.
How to close a position
When you decide to close an open contract, you only need to choose “Close Position” option from context menu.