What is deriv synthetic index?
Deriv synthetic index are financial instruments that allow traders to speculate on the price movements of a basket of assets,these synthetic indices are created using a proprietary algorithms that stimulates real-time markets
A threadπ§΅π§΅
Deriv synthetic index are financial instruments that allow traders to speculate on the price movements of a basket of assets,these synthetic indices are created using a proprietary algorithms that stimulates real-time markets
A threadπ§΅π§΅
Benefits of trading synthetic index
>Pairs are available for trading 24/7 including weekends and public holidays
>Not affected by real-world actions such as news and liquidity risks
>Pairs are available for trading 24/7 including weekends and public holidays
>Not affected by real-world actions such as news and liquidity risks
Some of the innstrument available for trading on synthetic index includesπ
1. Volatility index > ranging from the volatility 10 index - volatility 100 index (excluding the sectional pairs)
2. Boom and crash
3. Jump index
4. Step index
1. Volatility index > ranging from the volatility 10 index - volatility 100 index (excluding the sectional pairs)
2. Boom and crash
3. Jump index
4. Step index
>>Volatility index
The sectional pairs are the one with (s)
These index correspond to simulated markets with volatility of 10%, 25% 50%, 75%, 100%, 150% and 250%
One tick is generated every two seconds for volatility ind One tick is generated every second for sectional pairs(s)
The sectional pairs are the one with (s)
These index correspond to simulated markets with volatility of 10%, 25% 50%, 75%, 100%, 150% and 250%
One tick is generated every two seconds for volatility ind One tick is generated every second for sectional pairs(s)
These instruments are known for the spike they tend to drop in the market > on average of every tick made depending on the instrument there's a spike i.e for boom 300 on average of 300 ticks there's a buying spike
Similar to the volatility index in terms of corresponding volatilities> on equal probability of up and down every 20mins> the sudden jump is about 30x normal price movement
How do we analyze synthetic index?
Since the index don't move with real-time events
A sound technical analysis is okay to preDict the future price movement π¦
Since the index don't move with real-time events
A sound technical analysis is okay to preDict the future price movement π¦
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#forextrading
#forextrader
#education
#XAUUSD
#BBNaijaAllStars
#BBNaija
#ICT
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