HOW TO TRADE BOOM AND CRASH: TOP SECRET
Several people have lost money and failed at forex trading...
They claim it is too challenging.
It has been modified.
Perhaps you ought to have a sizable capital base.
Wait!! Allow me to expose you to synthetic trading before you give up. You must be aware of it, I'm sure.
What is trading in synthetics? With one exception, synthetic trading is not impacted by actual events or market hours while being designed to mimic real-world market activity. The goal of synthetic trading is to eliminate liquidity risk while maintaining constant volatility.
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A few brokers offer synthetic trading to its customers; Deriv is one of these brokers.
The boom and crash market can be daunting to trade, especially if you are selling boom and buying collapse and are aware that one surge in the indexes could wipe out all of your hard-earned profits.
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To overcome this fear, it is crucial to comprehend the fundamental ideas that underpin topics pertaining to trading.
If you realize this, you will just need to use the same fundamental boom and crash market structure, whether the market is in a boom 500, crash 500, or boom 1000, crash 1000.
Here is important knowledge about the "top secret on how to trade boom and crash" without wasting much of your time.
Here is the top-secret of profitable boom-and-crash trading;
1) Pay attention to top-down analysis and market structure.
2) Pay attention to higher timeframes H1 to D1 to identify the main trend and reversal point.
- Identify the dominant trend
- Multiple support and support and resistance levels
- market structure breakout
- order block levels
3. Market entry after the formation and retesting of the market structure.
4) Market entry based on zones of support and resistance.
5) Using the Fibonacci tool, chart patterns on the shorter timeframe can be used to enter the market at points of reversal.
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