The Deriv trading platform offers a user-friendly environment designed to accommodate both
novice and experienced traders. This guide seeks to elucidate its features, with a specific focus
on aspects excluding options trading, to provide newcomers with a comprehensive
understanding.
1. Initiating Use of the Deriv Platform:
The first step involves creating an account on the Deriv website, typically necessitating basic
personal information and email verification. Once the account is established, users can explore
the various trading platforms offered by Deriv, with Deriv Trader being particularly accessible for
beginners. A demo account is available, allowing users to practice trading with virtual funds,
which is essential for beginners to familiarize themselves with the platform and develop trading
strategies without financial risk.
2. The Deriv Trader Interface:
Deriv Trader is renowned for its intuitive interface, designed to be easily navigable even for
individuals without prior trading experience. The layout generally displays current market
information, including asset prices and charts, alongside tools for executing trades. Beginners
can readily understand core functionalities, such as placing buy or sell orders, setting stop-loss
orders to limit potential losses, and setting take-profit orders to secure profits. The platform often
provides clear explanations and tooltips to guide users through each step.
3. Available Trading Instruments (Excluding Options):
While Deriv offers a diverse range of trading instruments, this overview focuses on those
excluding options. Common assets typically include:
- Forex (Currency Pairs): Trading currency pairs involves speculating on the price movements of
one currency against another. Deriv generally offers a range of major and minor currency pairs
for trading.
- Synthetic Indices: These indices are based on virtual assets rather than real-world market
data, providing a simplified approach for beginners to practice trading strategies. The price
movements of these indices are simulated but offer a similar trading experience.
- Commodities: Deriv may provide trading opportunities in commodities, such as precious
metals (gold, silver) or energy (oil). These are real-world assets, but trading on the platform
involves speculating on price fluctuations.
4. Order Types and Execution:
Deriv Trader simplifies the order placement process. Beginner-friendly order types typically
include:
- Market Orders: These execute trades immediately at the current market price, suitable for
traders prioritizing speed of execution.
- Limit Orders: These allow traders to set a specific price at which they wish to buy or sell an
asset, beneficial in managing risk and potentially securing a better price.
- Stop-Loss Orders: These orders automatically close a position if the price moves against the
trader's position, limiting potential losses. This essential risk management tool is usually readily
available and clearly explained within the platform.
- Take-Profit Orders: These orders automatically close a position when it reaches a
predetermined profit level, aiding in securing gains.
The platform typically displays real-time quotes and order confirmation screens to ensure
transparency throughout the trading process.
5. Charting and Technical Analysis:
Deriv Trader often provides charting capabilities, although the extent of customization may vary.
Basic charting features are usually available, including various candlestick charts and the ability
to add simple technical indicators, such as moving averages, to assist in identifying trading
signals. While Deriv may not offer the advanced charting capabilities of platforms like
MetaTrader 5, it provides sufficient functionality for basic technical analysis for beginners.
6. Educational Resources:
Deriv frequently includes helpful educational resources within the platform or via its website.
These resources are typically designed to assist new traders in learning about trading basics,
risk management, and platform functionality. Beginners should utilize this material to enhance
their understanding before engaging in live trading. Learning materials such as tutorials and
videos can significantly improve one's trading knowledge. The Deriv Academy serves as an
example of a resource for beginners learning about trading on MT5.
7. Customer Support:
Access to reliable customer support is vital, especially for new traders. Deriv typically offers
multiple support channels, such as email, live chat, and possibly phone support. New users can
utilize these channels to resolve any difficulties encountered while using the platform.
8. Account Management:
The platform allows users to manage their trading accounts, including depositing and
withdrawing funds. The account management section provides a summary of trading activity
and enables monitoring of account balance and transactions.
9. Security:
Deriv should prioritize security measures to protect user funds and information. The platform
should implement security protocols to safeguard user data and prevent unauthorized access.
Users should familiarize themselves with these measures for peace of mind.
10. Advanced Features (Brief Overview):
While this guide emphasizes beginner aspects, it is important to note that Deriv may offer more
advanced features for experienced traders. Such features are generally beyond the scope of an
introductory guide for beginners.
Conclusion:
The Deriv Trader platform aims to deliver a user-friendly experience for beginners to learn and
practice trading. By utilizing its demo account, educational resources, and intuitive interface,
new traders can gain confidence and knowledge before engaging in live trading. It is imperative
to always practice responsible trading and manage risk effectively. While this guide focused on
aspects excluding options, Deriv's comprehensive platform caters to a broader range of trading
styles and experience levels. Always refer to the platform's official documentation for the most
current information.
Deriv Trading Platforms: A Beginner's Guide
This comprehensive guide provides a detailed overview of Deriv's trading platforms, specifically
tailored for individuals new to the world of online trading. It explores the features of various
platforms offered by Deriv, including DTrader, DBot, SmartTrader, and DerivGO, while
highlighting the use of indicators within each to enhance trading strategies.
1. Introduction to Deriv:
Deriv is a well-established online trading platform offering a wide array of financial instruments,
such as options, forex, and synthetic indices. It caters to a broad spectrum of traders—from
novices to seasoned professionals—by providing platforms that vary in complexity and
functionality. One of Deriv's defining features is its user-friendly interface that simplifies trading
while offering the necessary tools for sophisticated strategies. Deriv supports several platforms,
each tailored for different trading styles and experience levels, and integrates third-party tools
like TradingView to bolster analytical capabilities. Moreover, their services are complemented by
multiple payment methods, including popular options such as Neteller, Skrill, PerfectMoney, and
Deriv P2P.
2. Deriv Trading Platforms:
Deriv provides a variety of trading platforms, each suited to different styles and trader
experience levels:
2.1. DTrader:
DTrader stands out as an intuitive platform ideal for beginners, thanks to its user-friendly layout
that makes navigation an effortless experience. Despite its simplicity, DTrader offers advanced
options for those with more trading experience. It allows trading on various underlying assets,
with a straightforward process that involves selecting a trade type, choosing an asset, analyzing
price charts, and executing the trade.
2.2. DBot:
DBot is Deriv's automated trading platform designed for traders interested in automating their
strategies without requiring programming expertise. Through DBot, users can construct, test,
and deploy trading bots that perform trades based on predefined criteria, thus automating
repetitive tasks and potentially enhancing trading efficiency.
2.3. SmartTrader:
SmartTrader is adapted for mobile traders who prioritize quick and efficient decision-making. Its
mobile-friendly design ensures ease of use and supports trading in a range of assets. Its
streamlined interface makes it excellent for beginners and traders seeking simplicity without
sacrificing functionality.
2.4. DerivGO:
While specifics of DerivGO aren’t extensively covered here, it is likely another platform provided
by Deriv, possibly focusing on distinct asset classes or offering a unique trading experience.
Further investigation would be necessary for comprehensive details.
2.5. Deriv X and cTrader:
Deriv X is a multi-asset platform that allows extensive customization and integration with
TradingView, providing access to enhanced analytical tools. Deriv cTrader is another platform
that presumably offers advanced features and a broader selection of assets; however, details in
this guide are limited. DMT5 is mentioned but not elaborated upon.
3. Indicators in Deriv Platforms:
Technical indicators are vital for analyzing price movements and making informed trading
decisions. Although the availability of specific indicators may differ across Deriv’s platforms,
common ones probably include:
- Moving Averages (MA): Used to smooth price fluctuations and identify trends.
- Relative Strength Index (RSI): Helps spot overbought and oversold conditions, signaling
possible reversals.
- Bollinger Bands: Indicate price volatility, aiding in pinpointing potential breakouts or reversals.
- MACD (Moving Average Convergence Divergence): Aids in identifying trend strength changes
and provides buy/sell signals.
- Stochastic Oscillator: Measures the momentum and velocity of price changes.
- Fibonacci Retracements: Utilized to determine potential support and resistance levels based
on the Fibonacci sequence.
- Candlestick patterns: Used for predicting price movements, such as hammer, shooting star,
and engulfing patterns.
The availability and customization of these indicators vary across Deriv's platforms. Typically,
more advanced platforms like Deriv X and cTrader provide a broader selection of indicators and
charting tools.
4. Conclusion:
Deriv offers a versatile suite of trading platforms accommodating different trader profiles and
experience levels. Whether you are a beginner opting for DTrader or a mobile-savvy user
selecting SmartTrader, there is a platform suited to your needs. Integration with TradingView
through platforms such as Deriv X enhances analytical capabilities. Although detailed
information on DerivGO and specific indicators was limited, Deriv presents a robust ecosystem
for trading options and other financial instruments. Novice traders are advised to begin with
user-friendly platforms like DTrader and SmartTrader, progressing to more sophisticated options
like DBot or Deriv X as they gain experience.
