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    How To Trade Boom and Crash Indices Pairs

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    How To Trade Boom and Crash Indices Pairs

    Uploaded by

    boaz5824
    26 views2 pages
    Gggg

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    how-to-trade-boom-and-crash-indices-pairs

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    Copyright:

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    26 views2 pages

    How To Trade Boom and Crash Indices Pairs

    Uploaded by

    boaz5824
    Gggg

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    What is Boom and Crash Trading?

    Boom and Crash trading sounds appealing to take advantage of bullish and bearish trends. Is it
    applicable for beginners? How to trade it safely to gain profit?

    ✓ Most new traders are in a hurry to make quick profits without adequate learning and practice.
    Reckless actions like this will generally end in losses.

    ✓ you are a trader who wants to make a sustainable income while gaining more knowledge, then Boom
    and Crash trading can be a good alternative.

    How Does Boom and Crash Indices pairs behave?

    ✓Boom and Crash are synthetic trading indices. Boom consists of Boom 300, Boom 500 and Boom 1000,
    while Crash is made of Crash 300, Crash 500 and Crash 1000. These are only available to trade on Deriv.

    ✓ These trading indices have some unique features that make them distinct from their kind. Whenever
    you open the Boom 500 or Boom 1000 chart, you will notice that it is showing sell characteristics by
    default.

    ✓ Similarly, if you open the Crash 500 or Crash 1000 chart, you will notice that they are showing buy
    characteristics by default.

    However, if the Boom market decides to buy instead, it does so following a long bullish trend. If the
    Crash market decides to sell instead, it does so following a long bearish trend.

    Best Boom and Crash Trading Strategy

    Different markets follow different trading strategies. It is important to know which strategy works best
    for which asset in order to be able to earn maximum profits with minimal risks.

    ✓ For Boom and Crash trading, most traders prefer to use scalping as a trading strategy. This is due to
    the market structure where it follows long bullish and bearish trends.

    ✓Low-risk management is exactly what’s needed with this type of market.

    ✓Traders who use scalping on the Boom and Crash market usually use either the M1 or M30 time
    frames as they’re more focused on the current market trend instead of the long-term trends.

    How to Trade Boom and Crash Successfully

    1. Watch the Price Action

    One of the most important things in order to be successful in Boom and Crash trading is understanding
    price patterns. Analyzing the candlestick movements as well as support and resistance levels is where
    you will be able to identify bullish and bearish patterns. This will help you determine the best positions
    to get maximum profits.

    2. Trade the “Bounce”


    3. Buy when the price falls towards Support.
    4. Sell when the price rises towards Resistance.
    5. Trade the “Break”
    6. Buy when the price breaks up Through resistance.
    7. Sell when the price Breaks down through support.

    8. The Risk Management

    It is important to not become greedy when trading in the Boom and Crash market. Only open
    positions if you are absolutely certain you are going to be able to close them in a profit. You should
    also place stop losses on your positions in order to prevent the trades from resulting in a margin call
    which would make you lose all the capital in your account. Remember, closing your position in a
    small loss is way better than losing your whole account to greediness.

    9. Use Buy limit, Buy Stop limit and Sell limit and Sell Stop Limit order for risk
    management ENTRY.

    10. Try a Demo Account

    Before you invest real money into the Boom and Crash market, it is important to first try it out in a
    demo account. This way you can test out different trading strategies to figure out which works best
    for you. We recommend using a demo account for at least a month with a strategy that is giving you
    good profit before opening a real account.

    LeeFX Academy forex made easy

    Call/WhatsApp +260975747835

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