How Forex Trading Works For Beginners

Multipliers is brand new product on deriv.com trading platform. Which can be found on the Dtrader panel

It is a flexible forex trading that works for beginners.

Dtrader is Trading Platform has Multipliers to maximize your earnings.

Deriv.com changed from binary.com early 2020. The change from binary.com essentially marked the point at which the company became more diverse in terms of providing a wider range of trade options, more enhanced and modern trading environment that can guide beginner on where to begin forex trading. With these changes; came along with more improved trading platforms and products.

These include

Dtrader
Dbot
DMT5
Smart trader

Today we are going to focus on the Dtrader platform which is one of the new and which is mostly Simple or lets say Flexible & Reliable Trading Platform.

You can trade Forex, commodities, synthetic and stock indices

DTrader is Simple, Flexible & Reliable Trading Platform

To locate multipliers’ tab; navigate to the Dtrader platform on the top far left corner on deriv.com website. Where you will see dropdown and select Dtrader. After you click on Dtrader; on the far top right corner, click rise/fall tab. In this section you will find the multipliers’ tab somewhere on the top side under the trade types to set multipliers.

Multipliers are combined features of buy options and CFD trading. So; if you understand either of these terms, you are already on the way to understanding this new product

In a nutshell, from CFD trading, multipliers get their profit and loss as a function of the market price change. So; in multiplier profit and loss change is proportionately to the change of the underlying market price simultaneously; your risk is always limited to your stake. The stake is the term used to the amount you are willing to pay for the purchase contract
Now let’s look at the available Dtrader among other features and which makes this trading platform most Simple, Flexible & Reliable Trading Platform.
Simple Flexible & Reliable Trading Platform
And how to use the features on Multipliers’ page

And how to use the features on Multipliers’ page The first feature you will see on the list is the stake tab. Here you enter the amount you are willing to pay for your purchase contract located on the right side of the page. The tab has a plus and minus button. This will enable you to adjust your contract buying price.
Multipliers Tab

How does forex trading works in the multipliers’ tab?

If you click on the multipliers’ you will see that it ranges from one hundred to one thousand times. So; when you select a thousand for example, and your stake or the buying price is set at $10; when you either hit purchase up or down, and whenever the price goes up or down depending on which button you hit, your profit will be multiplied by a thousand. But when the contract goes against you, the loss will be subject to your stake or buy price. That is to say if you stake is $10 you will lose $10.

Take the Profit

The third in this list is the take profit feature. You may adjust this feature to suit you desired profit. If set $5 to be your take profit limit, and in the midst of your contract you gain the $5 then the contract will close without manual intervention and you will gain the $5 profit.

Stop Loss

The fourth in the series is the stop loss feature which will work in the same manner but will move and work in the opposite direction of the take profit feature. The same if you set acceptable loss to $5 then the contract will automatically close and you will lose the $5

Deal Cancellation

The fourth is deal cancellation. The deal cancellation is period between purchase and the sale of the contract. This ranges from five to sixty minutes. You cannot combine this feature with the take profit and stop loss feature. You can only either deal cancellation or stop loss and take profit per contract. This feature allows you to; Example, if you see or feel that the contract is going against you can opt to cancel the contract and get back the stack without going into a loss.

Conclusion

Deriv is one of the best trading platform in terms of flexibility, ease and reliability

You can open a demo account whereby you will be given a virtual account and start learning how Forex trading can works for you as a beginners in just few steps. Register Here to get a free demo account