TRADING BOOM AND CRASH
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please make sure that you understand the following risks before trading Deriv products: a) you may lose some or all of the money you invest in the trade, b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose.
WHAT IS BOOM AND CRASH INDICES?
Boom and Crash indices exhibit similar patterns and structures to other forex pairs like Gold, Oil, EUR/USD, and GBP/USD, particularly on longer time frames. The key difference is their movement on shorter time frames, such as 1-minute and 5-minute charts. They are traded in the same way as other forex pairs and can be exchanged in both fiat currencies and cryptocurrencies.
There are 10 Boom and Crash indices: Boom 300, Boom 500, Boom 600, Boom 900, Boom 1000, Crash 300, Crash 500 (the most popular), Crash 600, Crash 900, and Crash 1000. I will provide a detailed explanation of each and share several proven strategies for profitable trading.
Forex Strategy source: https://www.vixadvisor.com
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Boom 1000 Index
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Boom 1000, like other Boom indices, is primarily a down-trending market. It moves in ticks, which accumulate into small candlesticks that close every minute. By design, an upward movement or spike (commonly referred to as a Boom) is expected after approximately 1,000 ticks. These spikes occur instantly and typically range between 10 to 50 pips.
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Traders focus on capitalizing on these rapid spikes because they can yield significant profits in just a fraction of a second. For instance, a Lot 5 trade can generate a $250 profit from a 50-pip spike. This potential for quick returns makes Boom and Crash indices popular additions to many trading portfolios. Both forex and Boom/Crash indices are available for trading through brokers like Deriv.com and Binary.com.
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Important Note:
To profit from spikes, you must place a buy order before a spike occurs. Spikes happen rapidly, and placing a sell order at the wrong moment can result in significant losses. However, both buy and sell orders are tradable—Boom and Crash indices offer opportunities in both directions. Explore proven strategies for trading these indices and select the approach that best suits your style and risk tolerance.