Follow this simple step if you have been trading step-index and you feel like you are not doing well enough, maybe this could improve your step-index trading skills. If you have not tried out this particular Deriv pair before, it's high time you give it a try, as this can make you thousands of $$$$ in a few minutes depending on your account size and lot size. Talking about account size, do not try out Step index with an account size lesser than 50$ and use 0.1 lot size for this equity.
If you haven't opened an account yet with DERIV simply register HERE to have access to these trading pairs = step-index, V100, V75, BOOM, and CRASH, etc.
Let's get started.....
The first thing to do at all times is to confirm the movement of the mart and what has happened previously, just to be sure also if the market has been overbought or oversold. You can identify this by using the daily time frame 1D.
You can see here that for some days the market has been trending downwards, many times it tried scaling upwards, but there were rejections at each trial. So we are either going to follow the market trend or take advantage of the times when it tries to BUY. whichever one you want to do, make sure u are conscious of the Support and resistance zones, to learn more about support and resistance
click here
The next step is to check the one-hour timeframe.
You can see here that after a few hours of BUY, it's already heading downwards but this downward movement might not last because from D1 time frame it showed clearly that the market had already oversold and it was on its way up. Now switch to 15m time frame to take the BUY position.
After a few minutes
With these simple steps, all u need is to trade the Step index few minutes daily or few hours. After you may have a successful trade, always wait for another good setup before entering another position, better still you can wait till the next day.
This simple process can also help you trade other pairs such as V75 and likes. Make sure you read about the Support and Resistance I referenced above so you can fully understand the process and strategy.
To learn more trading strategies Using price action and other special indicators, or make inquiries. you can contact me directly on
what's app : +2347068561533 or
Thank you , with your explanation I am going to try for my better.
ReplyDelete