Good morning my Forex trading fans, in today’s article, I will walk you through everything you need to be a pro during the boom and bust of trading, make sure you stay focused until the end. Below you will find some of my video tutorials on how to trade properly. Be sure to watch the video until the end to understand the ups and downs of trading.
If you want to make consistent profits from boom and bust trading, there is a lot to learn and practice before you enter the real market. Before investing real money in Boom and Crash trading, it is important to try it on a demo account first. I will not advise you to jump to the First Strategy and start trading right away because the simplicity makes it very addictive for one and before you know it you will be addicted to how easy it is to make money until you meet all the powerful Crashes that can take all your money in seconds.
STRATEGY Having a good trading strategy is very important because you can use it mainly to win. It is not recommended to quickly jump and trade without mastering the trade. According to my research trading psychology is the most important thing in trading as it brings in 55%, money management brings in 35% and strategy brings in 15% while some traders spend so much time on strategy, live money management and psychology behind it. Since many traders miss this special beginner who moves fast and trades without discipline, he or she may win several times, but eventually he will cancel his account. There are so many things that can prevent you from getting a good result in a trading boom and bring down such mismanagement of money, trader psychology and strategy, according to my research, trading psychology is the most important thing in trading as it brings 55%, money management brings 35 %, and the strategy brings 15%.
According to my research, I have found that people who spend less time trading make more profit than those who spend most of their day trading. In my research, I found that even professionals lose their jobs, but thanks to money management, they still make good profits in the long run. Many traders seem to have a fantasy in their head that they can just quit their day job and start day trading all day and somehow magically make money.
Many novice traders believe that they will make more money on intraday trading than on position or swing trading on higher time frames. If you choose to trade end-of-day strategies, longer timeframes, and focus on the daily chart timeframe as I teach in my courses and in my account, it will be easier for you to make money because you are not struggling with the intraday vortex. meaningless market rumors. Try taking longer trades instead of focusing on the thrill of the spikes. If you are going to trade on a longer time frame, which could potentially bring you about 100-200 pips, then you can risk 50-100 pips.
A trading boom and bust with a lot size of 0.01 is a tough adventure that will take over 100 pips before a trader makes a $1 profit. the next minute, the same trade setup would give me double profit. This is also supported by the way the market has been structured (peaks in situations of buying booms and sharp sells), as well as the low risk/reward ratio of intraday or swing trading with very small lot sizes.
Boom and bust markets can still be traded during the day or fluctuated if the trader has a good understanding of market psychology, price action, and good risk management. When expanding markets are buying, buy long bullish highs while crisis markets sell long bearish highs. Like any other Forex trading pair, boom and fall indices follow a technical pattern and adhere to price action rules.
Boom100, Boom 500, Crash1000 and Crash 500 are composite indices related to foreign exchange trading. The Crash 1000 (500) index is the average price range decline that occurs at any time within the 1000 (500) tick. Boom 500 and Crash 500 Composite Index Forex Trading Aspects of the Boom 500 The Crash 500 is a simulation of the stock market over time based on a single future asset. The tricks of the market are hard to learn, and there is no 100% perfect strategy. This video will show you that you can profit by trading binary options using the MT5 BOOM 1000 Index and the CRASH 1000 Index. For example, if you trade boom-boom-500, boom-1000, and crash assets .crash-500 and 1000, you can see sell defaults on the boom 1000 index and buy defaults on emergency assets.
For this reason, frankfx Boom and Crash Scalper Boom/Crash Traders can help you make quick profits by trading boom or fall indices. Personally, I trade synthetic indices versus currency pairs, I’m not very good at fundamental analysis, so it’s easier for me to do technical analysis and trade for profit.
If the market doesn’t follow your strategy on a particular day, don’t even try. While the market may stick with your strategy most of the time, it gets stubborn at times and that’s when you should take a break and not try to make up for your losses. If those of us who trade at the peak, we wait for the market to reach EME9, and if the market breaks, there should not be more than three small candles before we stop trading and take advantage of the crash and boom.