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?
Dtrader is a user-friendly and best trading platform for beginners that offers access to 50 assets such as forex, stock indices and commodities.
Now let look into multipliers and what it is
Deriv multipliers is a trade type that allows someone to amplify potential profits, while limiting potential loses only to your stake. This can be beneficial best trading platform for beginners and learners as well.
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
On Deriv you find risk management features readily designed for traders such as automatic stop out, optional take profit, stop loss and deal cancellation.
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 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.