How To Trade Boom 1000 on Deriv | Best Indicators To Catch Spike 2020
what is Boom and Crash Indices?
If you are a newbie , you must have heard of Boom 500, Boom 1000, Crash 1000, and Crash 500. For the sake of clarity, Boom and Crash are ‘synthetic indices ‘ that is found only under the Deriv.com (abinary.com brand) platform.
With Crash 1000(500) Index, there’s an average drop in the price series that occurs at anytime within 1000(500) ticks.
With Boom 1000 (500) index, there’s an average of one spike in the price series that occurs at anytime within 1000(500) ticks.
How to Trade Boom and Crash Indices Successfully
A number of traders (both expert and beginner) have had issues with the market structure of boom and crash. This is because, unlike the currency pair, boom and crash have been structured to either buy or sell using spikes at an even period of tick.
For instance, when trading either the boom (Boom 500 or Boom 1000) or crash (Crash 500 or 1000) assets, one will observe that the boom market sells by default while the crash assets buy by default. However, when boom markets buy, it buys with long bullish spikes while crash markets sell with long bearish spikes. This characteristic feature makes the boom and crash unique but, also scary for beginner traders
Trading Boom 1000 Killing Strategy
This method trade against the spike by catching few pips. Its 100% working if you follow the setup. Kindly chat with us on WhatsApp if you’re ready to make consistent profit. We also have the best indicators to trade spikes. Contact us if you need them.