Godshand21:
To understand very well what synthetic indices is all about:

— Synthetic indexes are special kind of indices that takes the form of real world market movement. Unlike currency pairs, synthetic indices do not depend on real world market moves— In a simpler form, these particular structures are not affected by fundamental analytical tools and forms ( that is, News releases about each major and minor currencies performances and other events capable of changing traders sentiment)

— Synthetic indexes are traded 24 hours/day and from Monday to Sunday every other day, unlike currency pairs that are not traded on weekends.

— An average or professional synthetic indices trader rakes in profits every time and every day with no exemption of any day.

— Unlike currency pair trader who relies 85% almost every day, on News releases which invariably invalidates several technical setups, a synthetic indices trader has nothing to do with FULL reliance on either dollar index or any other economy performance determinant of currencies, of significant countries. A synthetic trader enjoys the benefits of a well laid technical analysis.

— Dollar Index is a measure of the U.S dollar value or power compared to its other major trading pairs or partners. This has extended to the overall global financial market. The effect of this measure as released intermittently by the FED (the U.S Federal Reserve), has great impact on global financial markets, with high level of alienation of synthetic indexes.

— Trading synthetic indices is more soothing for most traders.

— Synthetic indices includes Boom and Crash indexes likewise.

— As to how much a trader could amass on daily basis; COME AND LEARN FIRST.


For full package and one by one detailing of TRADING SYNTHETIC INDICES; search up the telegram channel above and join.
Remember: Class kicks off in earnest by tomorrow.

*MAKING ONLINE MONEY LEGITIMATELY, IS MY PRIORITY*

SavageResponse:


There's no point blowing big grammar here synthetic indices is essentially binary options trading which is a form of gambling pure and simple!

SavageResponse:


There's no point blowing big grammar here synthetic indices is essentially binary options trading which is a form of gambling pure and simple!

Godshand21:


Next time don't confuse yourself with what you don't know:

This is what Binary Options is; if you don't know THE DIFFERENCE BETWEEN VOLATILITY INDICES TRADED ON MT5 AND ANY OTHER INDICES TRADED IN BINARY OPTIONS, THEN COURTESY REQUIRES THAT YOU DON'T SHOWCASE YOUR IGNORANCE IN THE OPEN; ASK QUESTIONS:

Binary options "are based on a simple 'yes' or 'no' proposition: Will an underlying asset be above a certain price at a certain time?"Traders place wagers as to whether that will or will not happen. If a customer believes the price of an underlying asset will be above a certain price at a set time, the trader buys the binary option, but if he or she believes it will be below that price, they sell the option. In the U.S. exchanges, the price of a binary is always under $100.

Investopedia described the binary options trading process in the U.S. thus:

[A] binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then you will pay $44.50, if you decide to sell right then you'll sell at $42.50.

Let's assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100 – $44.50 = $55.50 (less fees). This is called being "in the money".

But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This is called being "out of the money".

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss (compared to letting it expire out of the money).

WIKIPEDIA AND GOOGLE ARE YOUR FRIEND.

Godshand21:


Trading Volatility Indexes on Meta Trader 5 do not portend a "YES” or “NO” wager as you insinuate. Only a trained Trader who employs the combination of technical skills and other knowledge to analyze the market can cope in trading synthetic indexes as it is on MT5.

I believe you have learnt something today

SavageResponse:


Binary options trading and synthetic indices do not rely on actual market data, they both rely on computer generated random figures which leaves them open to manipulations!

In the end they're both glorified gambling!

Samken2:

So which platform is best for Nigerian forex trading beginner.
The platform with a yes/no , buy /sell induce simple for a beginner

Samken2:
Pls can I join ur telegram group for free , I don't have money to pay

Godshand21:


While I have organised and given out free Forex tutorials in the past where participants seldom show seriousness, recently I do not give free classes anymore.

Should you be serious and determined to learn, you can join my channel and put a DM across so we figure out a possibility.

Thanks.

Godshand21:


Sorry, I don't trade a “YES” or “NO” markets. I trade real markets.

Thank you.

Samken2:

What the name of ur telegram group or channel name

SavageResponse:


There's no point blowing big grammar here synthetic indices is essentially binary options trading which is a form of gambling pure and simple!