I was introduced to synthetic indices back in 2019. I don’t remember exactly who showed them to me, but I vividly recall my first $50 deposit. I blew the account in under 10 minutes on a Volatility 75 Index trade. I of the V75. That initial trade was painful, yet it marked the start of my journey, leading me to put more money in without fully processing what had happened in that first trade. Leading to a huge loss in the markets trading forex.
Over time, my focus shifted as I tried to make sense of different volatility indices, eventually finding myself drawn to the Volatility 100 Index (V100). Unlike others, V100 kept pulling me back. In 2020, I joined a btmm mentorship program centered on “boom and crash” indices, but I applied everything I learned to V100. Since then, I’ve seen wins and losses with V100, and I’ve decided to share what I would have wanted to know when I started.
Why Share This?
If you search online for information about V100, you’ll find very little. Since it’s a synthetic product created by the broker Deriv, it’s only available to trade there. For traders in Zimbabwe, Deriv is widely preferred due to its peer-to-peer (P2P) platform, which simplifies transactions. Like with any platform, there’s risk if you’re not vigilant; I’ve faced scams myself, so I want to offer some tips for new users on Deriv.
Lessons from My Deriv P2P Experiences
- Keep communication on Deriv chat: Stick to the platform’s chat for all conversations.
- Verify funds before releasing: Only release funds once they’re confirmed in your account.
- Stay alert to red flags: If someone pressures you, take a step back. Rushing can lead to costly mistakes.
- Stick to your preferred payment methods: Avoid sudden changes, especially with cash.
- Remember—it’s business, not friendship: Remain professional and prioritize security.
- Avoid New Accounts : avoid working with new accounts, if a new account accepts your order. Do extra due diligence before releasing the funds.
Exploring the Volatility 100 Index (V100)
The Volatility 100 Index is a unique synthetic instrument with a stable volatility level of 100%, creating sharp price swings and minimal gaps. This intense environment attracts traders who thrive in high-risk markets and allows for diverse trading styles. It is not moved by news hence we will heavily rely on technical analysis.
Through these weekly reviews, I’ll focus on analyzing how V100 moved in the previous week. There will be no predictions, as I’m not licensed to provide financial signals. My goal is purely educational: to share insights on the weekly behavior of V100, especially using Deriv’s indicators.
Here’s what you can expect each week:
- The Bigger Picture – Weekly timeframe
- Daily Analysis
- H4, H1, 30-minute, 15-minute, and 5-minute breakdowns
Currently, my analysis relies on price action, supply and demand zones, moving averages, and the RSI. This blog is meant to be a resource for studying the weekly moves of V100, with no intention of suggesting strategies but instead sharing insights on market behavior.
Disclaimer: Trading is inherently risky. You can lose significant amounts of money if you enter unprepared. Always be cautious, trade responsibly, and remember this blog is not financial advice.
Can you teach me Btmm too. Have been trying to learn ICT but yooh
ReplyDeleteI've heard that ICT is good, and since you've already started learning it, why not give it a real shot? Try building your skills gradually. For instance, this week, focus on learning price action since it's a core part of ICT, and next week, you can explore market structure. When watching a YouTube video, make sure to apply your learnings with a demo account. It’s important to focus on understanding the purpose behind each concept rather than rushing to make money. At first, you might succeed, but without a solid grasp, you could overlook something that could blow your account in the future.
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