7 tips to trading Deriv Accumulators

7 tips to trading Deriv Accumulators

1. Use money management if you start with $100 trading bank then stick to 3% to 5% maximum per trade i.e. $3 or $5

2. After a good or poor run take a break

Accumulators are open 24/7 there are always opportunities.

Setting a daily profit target or loss target helps you avoid large swings to your account.

3. Using a trading system will help with entry and exit signals.

A trading system does not need to be complex a few simple rules such as close trade after 5 ticks, don’t open a new trade until the current trading round is over 5 but under 20 – this varies depending on growth rate.

4. Higher the growth rate, higher the chance of a stop out.

Nothing wrong with using 5% growth but be aware you have higher risk of a stop out.

5. Simple trading tools like a moving average or Bollinger bands can help

6. Keep your emotions in check. After a good or bad run traders can become reckless and that is a recipe for disaster.

7. CANI – Constant And Never-Ending Improvement.

With Deriv you can have a demo account and real money account simultaneously.

Use the demo account to try ideas. It comes with a $10,000 balance than can be reset.

When your happy then you can try with your real account with as little as $1.