Boom and Crash indices simulate real world market movements however their behaviour is created from the use of randomly generated numbers. In order to trade these indices, a trader must have good knowledge of market psychology, pricing and risk management. These indices are offered by Deriv . If you do not have an account with the broker, I recommend following these steps to create a synthetic indices account . Table of Contents Introduction to price action Support and resistance Identifying the key support and resistance levels Trading psychology Risk management Introduction to price action With this method, we will be looking for opportunities to buy the market at the support zone and enter sell positions at resistance levels. We will also be using trendlines to determine entry points. It is important to patiently wait for confirmation that the market is still respecting that level of support or resistance. When looking for trades near a support or resistance level, consi...
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