On January 15, 2015, the Swiss National Bank announced its decision to cancel its 1.20 peg against the euro, a move that sent ripples across the globe. Immediately, the currency was transformed from a haven to a highly risky asset, sending the forex market into chaos. Some traders suffered from negative balances, and many brokers got forced to shut down.
Black swan events like this have a steep cost for both traders and brokers since they directly affect financial markets. The worst part is that they are becoming more frequent. Within the past two decades alone, we've seen a global financial crisis, a rouble rout in Russia’s economy, plunging oil prices, Brexit, and the persisting COVID-19 pandemic.
Considering that these events significantly affect the financial market, it's understandable that trading on financial markets might be considered too risky for some. But, what if you could trade without being affected by global events?
This is where synthetic indices trading comes in.
What are synthetic indices ?
Synthetic indices are unique indices that mimic real-world market
movement but with a twist -they are not affected by the real world-events. They have constant volatility and are free from market and liquidity risks which are often seen in other financial markets.
They are available for trading 24/7/365, and are based on a cryptographically secure random number generator audited for fairness by an independent third party.
They move alot of pips perday and have low margin requirements Forinstance volatility 75 index can move a minimum of 2000 plus pips a day , Hence this is an ideal opportunity for even traders with low capital to achieve a decent gains on their portfolio.
Synthetic indices have been traded for over 18years with a proven track record for reliability and continue to grow in popularity.
Since these instruments are exclusively offered by one vibrant broker in the whole world and the procedures involved to create an account are very foreign to the newbie. Hence I will take you step by step with the the procedures to get you connected and stay in the loop;
Step 1, head to the below website and click create free demo to sign up for free with your email, Facebook or apple ID, Once signed up with any of those you will need to confirm your registration, if you signed up with email you will receive an email with the link to confirm your email and whatnot ,here you go 👇👇👇
Trading platforms designed with you in mind.
Step2, you need to add real Deriv account which can be either in fiat or cryptocurrencies,from your Deriv àccount you will click account switcher at the top right corner of your screen then under the real tab click add.
Step 3,Choose your currency and click set currency
Step 4, Complete your personal and address details
step6, your account will be created ,if you chose fiat you will have Cr for fiat, if you chose cryptocurrencies you will have Cr for cryptocurrencies..Mind you can create both fiat and cryptocurrencies account, you will create cryptocurrencies if you need to transact with cryptocurrencies ( I mean depositing and withdrawing with crypto, same applies to fiat ).You may only create one fiat currency account in either USD, EUR, GBP, or AUD.
You can create one account for each cryptocurrency. This means you can have a BTC, ETH, LTC, and
USDT account at the same time.
After that it means you already have real Deriv account which you can use to trade options which are innovated to include multipliers options, trading platforms include Dtrader, Deriv go, Deriv X and whatnot, to trade CFDs on Synthetic indices and other CFDs on metals, commodities, currencies, energies, indices, stocks,crypto and whatnot you will need to create real DMT5 accounts of which you will choose between three account types which are Synthetic indices, Financial and Financial STP..For today will talk about how to create real DMT5 Synthetic indices àccount and the same Procedures can be applied to other account type;
Step1, from your Deriv account click the account switcher at the top right corner then choose the DMT5 account type that you want and click add
Step2, create your password you will use to login to the DMT5 platform then click add account
Step3, congratulations you have created your DMT5 accounts, click transfer now, make transfer from your real Deriv account and start trading..In essençe your real Deriv account can act both as your wallet and for trading options, Of which sometime you can take advantages by holding your cryptocurrencies say Bitcoin if you believe it will go higher or converting them to fiat if you believe it will go low, moreover on DMT5 is for trading CFDs of which you can either trade with fiat or crypto, mind you trading with crypto can potentially generate more crypto when you make profit the same applies when you make profit with fiat...
NB; minimum amount to start trading Synthetic indices is $1, but recommended is $5
For more deets you may join this telegram channel
#derivatives #Deriv #syntheticindices #pips #v75 #jump100index #volatility100index
The key to success rests with discipline, trading financial markets will not be successful if your are disinclined to adhere to your establi
