Which Is The Best Trading Platform For 2021

In this article I am going to talk about Deriv Forex trading Platform which is ideal and perhaps best trading platform for beginners.

Introduction To Deriv

Deriv deals with digital options and CFDs and offers three distinct platforms with over 100 tradable assets. Apart from Forex, and commodities there is also synthetic indices that can be traded 24 hours 7 days a week.

Now; in this article we are going to focus on multipliers a trading product on Dtrader.

What is Dtrader and How Does Fit To Be Best Trading Platform For Beginners?

Now let look into multipliers and what it is

Here is how multipliers works. When you apply to your trade; your potential profit is amplified by your selected multipliers value. On Deriv, multipliers value are available from x10 all the way t0 x1000.

This is similar to leveraged trading, where your potential profit is amplified. However with leveraged trading, increased potential profit comes with the risk of increased potential lose.

But wit Deriv there are some good news; Whereby with Deriv multipliers this risk is limited. When you trade Deriv multipliers, you get more control over your trades and you won’t lose more than your stake.

Now let us focus on the risk management features

Automatic Stop Out

This feature ensures that you never lose more than your stake amount. With automatic stop out; your trade is automatically closed as soon as your loss equals your stake.

Take Profit

Take profit allows you to secure your profit without to constantly monitor your trade. All you have to do is set a profit level you are satisfied with and when your profit reaches or exceeds this level, your trade is closed automatically and your profit deposited in your account. You can also set or adjust you profit level even when your trade position is open.