Hi everyone,
I’m new to Deriv and also new to online trading. I’ve been sifting through the platform and examining the different markets available, but I’m a bit lost on Synthetic Indices. I know they are simulated markets that act in a similar way to real ones, but I’m not exactly sure how they work, and what influences their movement.
Also, I have observed that these indices are available 24/7 as opposed to forex or commodities. Can I trade anytime, with no worries about market hours or weekends? Are there certain times that are better for volatility or for strategy testing?
I came across this website:https://community.deriv.com/t/synthetic-indices-on-deriv/best-rpa-tools
If there are any experienced traders here that could explain Synthetic Indices in simplistic terms or provide some tips for beginners, it would greatly be appreciated. I want to ensure I am learning in the correct manner before I get too far!
Thanks in advance and looking forward to communicating with this wonderful community!
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