What Are Synthetic Indices?

[moonchild]

Synthetic indices are algorithms that emulates the forex market without any underlying liquidity, they have patterns and each indices is characterized by it's own unique pattern, it is actually easier for a beginner to trade synthetic indices than to trade the forex market.

There are different types of synthetic indices that you try out, there is Boom and Crash, Volatility Index, Jump Index and Step Index, to get synthetic indices on your meta trader, you have to upgrade it to meta trader 5 and choose DERIV as your broker, after doing that, you go to add instrument/volumes page and add your desired indices.

You can play around with your demo account for a while, testing different pairs and see how they work, for example, Boom is always on the downtrend which means it is always selling, but spikes do occur depending on the overall trend on the higher timeframe, while, Crash is always buying but spikes do occur in the opposite direction too, you have to learn all of these before committing any capital.

If you are finding the forex market hard to trade on, you can actually switch and try synthetic indices, it isn't affected by news or NFP reports just price action.

 

[Ivo Zetticci]

I am not comfortable trading in XAUUSD pair because here the spread is larger and is highly volatile. That’s why I dislike trading in this pair. Eurotrader offers such a reliable trading platform which is free of technical errors. The broker offers more than 50 trading pairs.

 

[Jack Reacher]

Make your own strategy of trading based on what type of trading you prefer. But we lack this practice now and we nurture a tendency of copying others, which leads us to go vain ultimately. All the reliable trading facilities of Eurotrader broker must make your trading simple.

 

[Asahi]

We execute our trades through trading platforms. If this platform is afflicted with several technical errors, you will not feel relaxed trading.An unreliable Forex trading platform makes a trader suffer in the long run. Try to pick up an ECN broker because this type of brokers allows traders with advanced technology. Eurotrader is an ECN broker which is secure for big investors.

 

[Jack Reacher]

Forex can offer you a great fortune if you are perseverant and dedicated. Traders should analyze the market on demo account and should judge them how accurately they can do the work. Eurotrader allows traders with advanced trading technology, free demo account, narrow trading spread and high leverage.

 

[Mary Frederick]

To increase your return, try to follow the ways that increase your profit ratio and lowers trading risk. If a trader wants, he can take lessons by seeing others’ market analysis. FXOpulence offers multiple trading accounts with wide range of trading facilities so traders can easily maintain risk-management policy.