sharone21:


Haven't seen much of VIXs here.... Synthetics.

With Synthetics, one doesn't need Prop firms, at least for Africans or 3rd world countries.

Finally read a blog that gave answers to 99% of the questions I had. I've always avoided news event in forex, because it messes with my analysis.

This is pure technical analysis which is my forte. So I will just wait and double the demo account to 20k to build the needed morale and confidence before going all in.

How long have you been trading this stuff though? And how's the experience like?

Cashhy11:
Thanks it was helpful. I've registered through their website and opened a demo account already. Judging by the historic chart I looked on MT5, it looks normal. I've googled lot of pros and cons about it but all I'm getting are not solid enough.

So from someone who trades live on it. Does it have time it moves differently? Since no news affects it at all like you said. Or it's always as volatile 24/7?

After going through the instruments they have, I've settled with the Volatility Indexes alone. Probably because that's the most common instrument I see people trade on IG most of the time.

I'm risking $100 per trade which is 1% and will only go live if and whenever I doubled the 10k to 20k, or better still $15k with little drawdowns. I'm trying to take advantage of the no news factor, so I'm trading all time frames once it shows the pattern I trade.

This is the current trade I spotted this morning currently on breakeven, the RR is 1:3, so $300 is the target. And these are the instruments I chose.
Any recommendations by you will be appreciated boss, thanks once again.

I will still read more about it, it's a weekend so I just decided to start taking trades already while also reading about it on the side too.

Omo!!! You're already killing it sir!

But I'd advise you use realistic lot sizes sir. And the Vix pairs you choose are okay.

Anyone that knows his onions in trading forex won't find Synthetics overly difficult.

I will send a picture of the Various Pairs and their various levels of volatility sir.

Vix 10, Vix 25 and Vix 75 1s are my favorite. Also Jump pairs but leave jump for now.

When you go live, you can fund $10 for a start and try your hands on it sir.

All the very best my boss

Ukalu381:


Whats your new deriv strategy bro.

I'm learning BTMM and mixing it with a little SMC sir.

Cashhy11:
Zero commissions, I guess it's gonna be the same on swaps too? It's awesome. I will see more YouTube tutorials on it to know more about it. Still looking forward to your answers on those questions I asked prior though. Thanks.

First trade arrived destination safely.

Igweeeeee!!!!!

You go show Deriv Shege banzai be that ooo.

Abeg sir, I fund for people should you be in need of that service sir.

Na Crypto I dey use fund boss.

LincolnOnyeabor:


Omo!!! You're already killing it sir!

But I'd advise you use realistic lot sizes sir. And the Vix pairs you choose are okay.

Anyone that knows his onions in trading forex won't find Synthetics overly difficult.

I will send a picture of the Various Pairs and their various levels of volatility sir.

Vix 10, Vix 25 and Vix 75 1s are my favorite. Also Jump pairs but leave jump for now.

When you go live, you can fund $10 for a start and try your hands on it sir.

All the very best my boss

Realistic lot sizes? I didn't get that part, I use lot sizes based on position sizing I'm risking per trade. That lot size was just equivalent of the $100 I risked for that particular trade. If it was a 1k account, the 1% of that would have required 7.4lots instead of the 74lots you saw up there. Mt5 does the calculation for me, so I just input lot size after setting my SL to get the amount to risk.

If I want to go in, I go all in after I'm sure. So don't really need funding anytime soon to test, demo will cut it for me for now. I will hit you up when I'm ready to go live. Thanks.

Cashhy11:
Realistic lot sizes? I didn't get that part, I use lot sizes based on position sizing I'm risking per trade. That lot size was just equivalent of the $100 I risked for that particular trade. If it was a 1k account, the 1% of that would have required 7.4lots instead of the 74lots you saw up there. Mt5 does the calculation for me, so I just input lot size after setting my SL to get the amount to risk.

If I want to go in, I go all in after I'm sure. So don't really need funding anytime soon to test, demo will cut it for me for now. I will hit you up when I'm ready to go live. Thanks.

Please don’t forget to share your experience with us, maybe we can learn a thing or two… I lost lots of money trading on deriv, I wish you all the best boss..

blackman007:





Please don’t forget to share your experience with us, maybe we can learn a thing or two… I lost lots of money trading on deriv, I wish you all the best boss..

I will soon, I promise. @bolded, That's the reality of trading generally and not peculiar to deriv alone, they are designed for majority to lose money and not to make it.

That's why I'm also not jumping on going live immediately even though I'm confident enough I can pull it off. I don't wanna go live, and when I start seeing shege left and right and start blaming deriv, instead of blaming my lack of patience to test the water before jumping in.

So what was the experience like for you? What would you say caused the lack of success when you traded synthetics?

Cashhy11:
Thanks it was helpful. I've registered through their website and opened a demo account already. Judging by the historic chart I looked on MT5, it looks normal. I've googled lot of pros and cons about it but all I'm getting are not solid enough.

So from someone who trades live on it. Does it have time it moves differently? Since no news affects it at all like you said. Or it's always as volatile 24/7?

After going through the instruments they have, I've settled with the Volatility Indexes alone. Probably because that's the most common instrument I see people trade on IG most of the time.

I'm risking $100 per trade which is 1% and will only go live if and whenever I doubled the 10k to 20k, or better still $15k with little drawdowns. I'm trying to take advantage of the no news factor, so I'm trading all time frames once it shows the pattern I trade.

This is the current trade I spotted this morning currently on breakeven, the RR is 1:3, so $300 is the target. And these are the instruments I chose.
Any recommendations by you will be appreciated boss, thanks once again.

I will still read more about it, it's a weekend so I just decided to start taking trades already while also reading about it on the side too.

Wow, finally, we don get an additional Synthetic trader. Welcome to the club, chief.

Try your hands on Step Index. You'd love it. That's the only one I demo trade 90% of the time after Vix100 and Vix75

This year, this thread did not move. It looks like the telegram page really affected it? No more weekend violence, its not good na.

XAUTrader4L2:
This year, this thread did not move. It looks like the telegram page really affected it? No more weekend violence, its not good na.

Abeg, check my quote (above yours). Thank you

Lets get into some fundamentals, it is almost certain that the fed will cut rates (thats why gold exploded this year) on September 18. The issue is whether it will be a 25bps cut or a 50bps cut. 25 bps will mean a soft landing while 50bps will mean a hard landing. Soft landing is when the economy is doing ok, inflation is coming down and a recession is postponed. Hard landing is when the economy is doing bad, inflation is not coming down and dipping into a recession. As of today, there is a 70% chance the fed will cut 25bps based on the economic data that has come out so far which would a soft landing. And ofcourse due to political reasons, the fed wouldn't want to do a hard landing because of the election.


GOLD loves a hard landing and doesn't like a soft landing.

Cashhy11:
Finally read a blog that gave answers to 99% of the questions I had. I've always avoided news event in forex, because it messes with my analysis.

This is pure technical analysis which is my forte. So I will just wait and double the demo account to 20k to build the needed morale and confidence before going all in.

How long have you been trading this stuff though? And how's the experience like?

Recently but compared to Forex, the profit was much to my surprise with little seed. But faster tempo bows kind of to INDICATORS. Some are slower in pace but the profit won't come as fast.

But forex can be small but consistent..... Synthetics is fun, where to be.... Beats binary( gambling) hands down

No fundamentals, use your own created historical data

Quiz time! 📝

What’s your go-to strategy for trading breakouts?

A) Enter immediately

B) Wait for confirmation

C) Fade the move.

(Elders in the house, please don't disappoint me 🙏)
Comment your strategy below!
.

24hrUplift:
Quiz time! 📝

What’s your go-to strategy for trading breakouts?

A) Enter immediately

B) Wait for confirmation

C) Fade the move.

(Elders in the house, please don't disappoint me 🙏)
Comment your strategy below!
.

Enter before the break

samfelly:


Wow, finally, we don get an additional Synthetic trader. Welcome to the club, chief.

Try your hands on Step Index. You'd love it. That's the only one I demo trade 90% of the time after Vix100 and Vix75

Not for smallies..... At least $30-50

Pov:
Can oga info &gallery...
Host a competition for December for the group.
Abeg. Same rules like darwin last challenge.

DXY looks like a potential double bottom.

GOLD is in a range. A break can go either side but preferrably to the downside.

LincolnOnyeabor:


I'm learning BTMM and mixing it with a little SMC sir.

Hey man ,which youtube channel are you learning this BTMM from ?

24hrUplift:
Quiz time! 📝

What’s your go-to strategy for trading breakouts?

A) Enter immediately

B) Wait for confirmation

C) Fade the move.

(Elders in the house, please don't disappoint me 🙏)
Comment your strategy below!
.

Wait for confirmation

On GBPUSD, I am going long. Risky though. 🏃🏃

sharone21:


Not for smallies..... At least $30-50

I disagree.

With $4 you can trade them (those 3 pairs I listed back there).

Step Index required margin is $1.38 with 0.1 lot size (the barest minimum)

Vix100 required margin is 68 Cent ($0.68) with 0.5 lot size (the barest minimum), and

Vix75 required margin is 13 Cent ($0.13) with 0.001 lot (the barest minimum).

I once traded Vix100 with $8.5 and pushed it to $267 and lost it when I disregarded risk management by introducing a lot size that the account couldn't contain

USD cad

Sell!

samfelly:


I disagree.

With $4 you can trade them (those 3 pairs I listed back there).

Step Index required margin is $1.38 with 0.1 lot size (the barest minimum)

Vix100 required margin is 68 Cent ($0.68) with 0.5 lot size (the barest minimum), and

Vix75 required margin is 13 Cent ($0.13) with 0.001 lot (the barest minimum).

I once traded Vix100 with $8.5 and pushed it to $267 and lost it when I disregarded risk management by introducing a lot size that the account couldn't contain

Im talking about the STEPS not Volatility which is a beginner's love in many ways .
Be careful trading STEPS with little money.... Just an advice

LincolnOnyeabor:


I'm learning BTMM and mixing it with a little SMC sir.

Hmm this one nah me and YouTube again. I'm still a noob tho I'm basically using price action.

I also heard about the butterfly strategy they say that it works well with higher winrate but it's 100% guaranteed.

I don't want to be the best trader in the room, I simply want to be the most disciplined trader in the room.

The best trader can wipe his whole account after one big loss but a disciplined trader knows that a big loss signifies time to close the chart and come back another day with a fresh mind.

Be a disciplined trader.

More pips to you

twosquare:
Which concept do you use? ICT or...?

I trade double top and double buttom from the 4hr, daily and weekly timeframe and sometimes monthly time frame.

peteregwu:


I trade double top and double buttom from the 4hr, daily and weekly timeframe and sometimes monthly time frame.

You're keeping it simple and bagging pips, weldone chief.

sharone21:


Im talking about the STEPS not Volatility which is a beginner's love in many ways .
Be careful trading STEPS with little money.... Just an advice

Okay, thanks for the heads up.

But I sha no need $30 before I can trade Step. With $4 I can still take it on and grow it to $50 or more under 2 weeks - if the market's conditions seem fair

I hope I never too trouble you o?

By the way, how long now you've been doing Synthetics/Deriv?

peteregwu:


I trade double top and double buttom from the 4hr, daily and weekly timeframe and sometimes monthly time frame.

Smiless...keeping it simple. I love that. Do I even know what I trade to pass my prop firm challenge? I trade mostly the daily chart by looking at the candlesticks and overall market structure. It has worked most times...but I want to increase my wins more...

Most times, it gets rubbished in the news week, especially this August ending; it showed me shege.

I have resolved to trade only Ethereum and leave currency pairs for now. I am using a demo to test my strategy.