In this article, we will focus on boom 1000 index brokers as for a long time now forex and stock market owned the financial market, however, in recent times, there are others like cryptocurrency and now synthetic indices.
There are hundreds of indices offered by different brokers, these indices function in different ways based on their volatility, as the world keeps on innovating new indices and pairs keep springing up.
With all of this, it is certain that in the future there will be more indices created and people will be willing to explore and take advantage of the opportunities they see.
- WHAT ARE BOOM AND CRASH INDICES?
- HOW DO YOU ANALYZE BOOM AND CRASH?
- CRASH 1000 INDEX BROKERS
- IS DERIV A GOOD BROKER?
- BOOM 1000 INDEX BROKERS
- WHAT IS THE BEST TIME TO TRADE SYNTHETIC INDEX?
- DOES DERIV GIVE BONUS?
- BOOM 1000 AND CRASH INDEX BROKERS
- BOOM 1000 INDEX TRADING VIEW
- HOW DO YOU SCALP BOOM AND CRASH INDEX
- WHAT IS THE DIFFERENCE BETWEEN BOOM 1000 AND BOOM 500?
- SYNTHETIC INDICES BROKERS
- BOOM 1000 INDEX LIVE CHART
- WHICH BROKER HAS BOOM AND CRASH?
- VOLATILITY INDICES BROKERS
- WHICH BROKER IS BEST FOR TRADING INDICES?
- WHERE CAN I TRADE MY V75?
WHAT ARE BOOM AND CRASH INDICES?
Boom and crash indices are synthetic indices designed by Deriv broker, they can be traded on the Deriv platform 24/7. With these indices, there is an average of one drop (crash) or one spike (boom) in prices that occur in a series of 1000 or 500 ticks.
HOW DO YOU ANALYZE BOOM AND CRASH?
Boom and crash can be analyzed just like analyzing the forex market, it can be analyzed on any timeframe, and however, it is best done on higher timeframes.
There are free available tools on MT5 that will aid you in analyzing boom and crash synthetic indices properly.
To answer your question on “how do you analyze boom and crash” go read the top secret on how to trade boom and crash.
CRASH 1000 INDEX BROKERS
Crash 1000 index can only be traded on derive.com, the index spikes on a bearish move and ticks on a bullish move, generally synthetic indices are good for small account holders, unlike Forex which requires large capital to be profitable.
With synthetic indices, small account holders can grow their accounts, especially with boom and crash.
IS DERIV A GOOD BROKER?
Deriv has been in the trading business for over 20 years, with this time spent they have a lot of customer experience and knowledge to satisfy clients.
Deriv has multiple trading instruments that they offer to their clients including the exclusive synthetic indices.
BOOM 1000 INDEX BROKERS
The boom 1000 indices is a synthetic indices designed by Deriv broker, at the time of writing this article, Deriv remains the only boom 1000 index broker that trades boom and crash indices.
The index is designed for purely technical analysis trading 24/7; it is not affected by global events (fundamental news) unlike Forex. Boom 1000 index is designed to work only on the MT5 platform.
WHAT IS THE BEST TIME TO TRADE SYNTHETIC INDEX?
The best time to trade synthetic index is when a chart pattern has been completed; the synthetic index on Deriv is designed to imitate the forex market except for the fundamental news (global events)
To successfully trade the synthetic index, you will have to trade from a higher timeframe to identify major supply and demand zones.
DOES DERIV GIVE BONUS?
At the time of writing this article, Deriv does to offer any bonus to new or existing clients; however, they offer other forms of promotions like affiliate programs and cashback.
BOOM 1000 AND CRASH INDEX BROKERS
At the moment Deriv is the only boom and crash broker. Both indices are designed to spike in opposite directions.
There are four indices designed to trend that way.
Boom 1000-spike bullish tick bearish
Boom 500- spike bullish tick bearish
Crash1000- spike bearish tick bullish
Crash 500- spike bearish tick bullish
BOOM 1000 INDEX TRADING VIEW
Boom 1000 can be traded with Deriv broker on the MT5 platform across all timeframes from the M1-MN chart. Below is a trading view of Boom 1000 index.
HOW DO YOU SCALP BOOM AND CRASH INDEX
The way to scalp boom and crash index is to first know the direction of the dominant trend on a higher timeframe (H1-H4) then go to a lower timeframe preferably 15 minutes.
On a retracement of the indices on a resistance zone, look out for a chart pattern that signals trend continuation.
WHAT IS THE DIFFERENCE BETWEEN BOOM 1000 AND BOOM 500?
The difference between boom 1000 and boom 500 is;
Boom 1000 index on average 1 spike occurs in the price series every 1000 ticks
Boom 500 index on average 1 spike occurs in the price series every 500 ticks.
SYNTHETIC INDICES BROKERS
At the moment there is only one true synthetic indices broker which is Deriv. derive broker has a wide range of synthetic options for clients to trade on. These indices can be seen in the image below.
More could be added in the future.
BOOM 1000 INDEX LIVE CHART
Below are two images of boom 1000 index live chart on higher and lower time frame. you will see the bullish spikes and bearish ticks
Lower timeframe
Higher timeframe
WHICH BROKER HAS BOOM AND CRASH?
At the time of writing this article, Deriv is the only broker with boom and crash index.
VOLATILITY INDICES BROKERS
Above this article is an image of all the volatility indices traded by Deriv. As for volatility indices brokers, at the moment Deriv remains the only broker with volatility indices.
WHICH BROKER IS BEST FOR TRADING INDICES?
The best broker for trading indices is Deriv and this is why;
1) Synthetic indices on derive offer the tightest spread you can get compared to any other indices.
2) It is not affected by global events, so you wouldn’t have to worry about news.
3) Perfect for technical analysis.
4)Deriv broker also offers clients options trading on synthetic indices.
WHERE CAN I TRADE MY V75?
V75 can be traded on the Deriv platform on MT5; they remain the only broker that offers synthetic index V75 on Mt5.
They also offer other synthetic indices on their platform.
Above you will find an Image view of all the synthetic indices offered on deriv.