Boom and ceash indices, Boom and Crash strategy for beginners . Learn how to make profit
Description
Discover how you can make a consistent profit using boom and crash strategy in this year 2023 with just an easy step by applying it on your trade.
Boom and crash strategy is a methods use to trade synthetic indices in that makes profit. One can actually be profitable on it either on trading spike or normal trading.
There are so boom and crash indices but mastering the one that wins is the best. Boom and crash unlike other other forex pairs, can be traded on weekends.
So there are 3 things one has to consider in trading boom and crash which is strategy, money management and psychology.
One thing investors need to understand is that trying to time the market almost always results in a loss.
While the market may stick with your strategy most of the time, it gets stubborn at times and that’s when you should take a break and not try to make up for your losses.
By practicing this strategy, you gain a better understanding of the market, which means you can also hold trades for longer. Try taking longer trades instead of focusing on the thrill of the spikes. If you want to sell a crash, you should visit a higher time frame, say 1 hour, to see the direction of the price level, if the market is in a strong uptrend, you can wait a bit for it to start a pullback and look for opportunities. In on this strategy.
The same goes for boom 1000 or 500, we always buy boom, but before you start buying and using this strategy, you have to make sure that the price level is not in a strong downtrend. Looking ahead, we also see the 200 EMA is above the candle, which means it’s a downtrend (Boom 500) and it’s not a good place to trade, so we’ll have to wait for the market to give us a trade opportunity.
When we hit the peak, we Wait for the market to reach EMA9, if it breaks above 3 small candles, we exit the trade, this applies to Crash 500 and Boom 500.
Another advantage of knowing where the Boom and Crash index will fail; it will help you sell crashes, which can bring you even more profit in seconds. Boom and crash can also be traded using price action, but you will need the help of tools to help catch the spikes. When expanding markets are buying, buy long bullish highs while crisis markets sell long bearish highs. Boom and crash markets can still trade throughout the day or fluctuate if the trader has a good understanding of market psychology, price action, and good risk management.
Conclution: Using a good boom and crash strategy matters because it can make one win consistently.
Who this course is for:
- Those interested in trading synthetic indices
- those who want to trade boom and crash indices
- All Levels
