Customized Trading Experience

Deriv X offers unique customization features that enhance traders' ability to optimize their trading capabilities. Every detail is precisely calibrated to fit individual trading styles and strategies, providing users with a stable platform to achieve their best trading performance.

First-Time Trading Guide

In this comprehensive guide, we will lead you through your first trades on Deriv X and explore its myriad features. Through the following steps, you will gain the essential knowledge and tools to embark on a personalized trading journey:

1.Setting Up Your Account

Before starting on Deriv X, creating an account is a straightforward process. This provides you with access to the platform and initiates your trading activities.

2.Choosing Your Assets

Upon logging in, you'll discover a variety of tradable assets including forex, commodities, and cryptocurrencies. Deriv X's intuitive design allows you to navigate through asset categories and select those that align with your trading strategies. If you're interested in composite assets, simply click on the "Account" tab at the top right corner of the page and switch to the second account listed to focus on composite assets.

3.Executing Trades

Once assets are selected, you can execute trades in three main ways: right-click on an asset in the watchlist and select buy or sell orders, directly click on the buy or sell price in the watchlist, or right-click on an asset chart and choose buy or sell. Next, fill in order details including order type, lot size, and other necessary parameters, then confirm and send the order.

4.Monitoring Your Positions

After executing a trade, it becomes a position you can monitor in the position panel. Clicking on a position allows you to view key details such as execution price, current price, and potential profit or loss based on current market conditions.

5.Customizing Your Trading Environment

Deriv X offers a range of tools and features to customize your trading experience according to your preferences. Adjust charts, add technical indicators, and create workspaces that suit your needs to enhance your ability to forecast market movements.

Advantages of Deriv X

Deriv X stands out in the trading platform landscape due to its unique customization features, intuitive user interface, and ability to trade across multiple markets. Whether it's 24/7 trading of cryptocurrencies and composite indices, advanced charting functionalities, or personalized trading tools, Deriv X provides traders with an exceptional trading experience. Its flexibility across mobile and desktop devices ensures users can seize trading opportunities anytime, anywhere.

FAQs

1. Deriv X is a highly customizable CFD trading platform that allows traders to create and manage their trading environments according to their preferences.
2. You can trade on Deriv X in three primary ways: by right-clicking on an asset in the watchlist and selecting buy or sell orders, directly clicking on the buy or sell price in the watchlist, or right-clicking on an asset chart and choosing buy or sell. After completing these steps, you need to fill in order details and confirm the order.
3. Deriv X's interface design is highly flexible, allowing users to freely drag and drop widgets to create personalized workspaces that meet their trading needs. Key widgets include watchlists, charts, trading dashboards, and trade logs, with users able to add multiple workspaces with different layouts to cater to various trading requirements.
4. Composite indices simulate real-market fluctuations unaffected by single market events or news. On Deriv X, you can easily access composite index trading by clicking on the "Account" tab at the top right of the platform and selecting the second account listed to switch to the composite asset list.
5. CFD trading involves an agreement between brokers and traders on the price movements of underlying assets between trade opening and closing times. It allows traders to speculate on market price movements without owning the underlying assets.
6. Margin trading, also known as leverage trading, involves controlling larger trade positions with a small portion of refundable margin deposited to cover a portion of the trade value. Brokers manage the remaining trading capital. This method amplifies potential profits but also increases the risk of potential losses.
7. Deriv X offers a demo account, allowing users to practice real-time market trading with virtual funds without risking real money. This approach enables traders to familiarize themselves with platform functionalities and market dynamics before entering real markets.
8. For beginners, selecting a reputable broker and platform is crucial. Additionally, understanding common trading tools and terminology, maintaining portfolio diversification, and practicing with a demo account are good practices before entering CFD trading.