HOW TO TRADE STEP INDEX, VOLATILITY 75,100 on Deriv.com [FOREX]

A lot of people have lost so much while trying to trade using different strategy but its okay, any good trader have had losses before wins.

Here are possible result you will be getting if you follow this strategies






























First of it is very important understand where the market momentum is coming from, either from the buyers or the sellers, do not jump into any trade yet, study the market for a while.
It is also important to identify the possible Resistance and Support areas, check examples below


using M30 or M15, we can tell on this chart that this is an upward movement i.e the momentum has been coming from the buyer side. Now you need to identify the possible resistance or support level using trendlines.

WHAT IS SUPPORT AND RESISTANCE LEVEL?

By definition  Support is a price where a downtrend can be expected to pause due to a concentration of demand. On the other hand resistance is a price level where an uptrend can be expected due to concentration of supply. At support level the price will either bounce back or breakout by continuing the with the trend; Often time after many try. SEE an example bellow

This means price bounced at the possible support and resistance area, to buy wait for the next candle after the last candle touches support level, if the candle end bullish then enter a buy and take profit as trend approaches very close to the next possible resistance level.

Similar to the way you buy, when the buy trend reaches the possible Resistance level, wait for the next candle after the last candle touches the Resistance level, if the candle end bearish then enter a sell and take profit as trend approaches very close to the next possible support level.

TRADING BREAK OUT

Identifying breakout and placing your trade in direction of the trend is one of the best entry signal you can ever get. This is how it works.


If you look closely to the above image, you will observe that there was a support level before the break out and trend continues, if you were on a sell trade you could have closed as the sell trend approaches the support so as to be safe and not loose your profit. Then you wait for the next possible entry, either Buy or Sell again in this instance But look again as the candle reaches the support there was no bounce back, the next candle ended bellow the support line, This is a perfect entry for a sell again. This is also similar to when you are buying.

You can now see how simple it is. These are most important factors you need to know. if you can understand this fully well, the market is your friend, with this simple steps, you will avoid the crazy act of trading against the trend, which many have lost so much cos of.

This simple strategy works for all VOLATILITY, STEP index. Make sure you practice this at least a week on demo account before trading live and if you havent registered yet with Deriv Broker CLICK HERE to register. 

To learn more trading strategies Using price action and other special indicators, or make enquiries. you can contact me directly on
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