How does Deriv work? Complete guide for beginners

You just discovered Deriv and you want to understand how it works before you create an account?

It's a great step.

Before you start trading, it is important to know how the platform works, what markets it offers and what tools are available to you.

In this guide, discover everything you need to know to get started on Deriv.

What is Deriv?

Deriv is a trading platform that allows access to different financial markets from a single account.

After registration, you can use a demo account to discover the platform or a real account when you feel ready.

Which markets are available?

Depending on your account type, Deriv allows you to:

• Synthetic indices

• Forex

• Actions

• Raw materials

• Cryptocurrency

Each market has its own functioning and its level of volatility.

How is a trade going?

The operation is relatively simple:

1. Choose a deal.

2. Analyze the graph.

3. Determine an entry point.

4. Set a Stop Loss.

5. Set a Take Profit.

6. Validate position.

7. Manage the trade until it closes.

Good preparation remains essential before each position.

What tools does Deriv offer?

Depending on the services used, Deriv provides several tools, including:

• use MetaTrader 5 (MT5);

• access graphs;

• use a demonstration account;

• managing its portfolio;

• make deposits and withdrawals.

The demonstration account

Before trading with real money, it is advisable to use the demo account.

It allows:

• discover the platform;

• understand the different markets;

• test a strategy;

• learn without risking its capital.

Errors of beginners

New users often make the same mistakes:

• deposit too quickly;

• do not use the demonstration account;

• trader without plan;

• ignore risk management.

These errors can be avoided by good preparation.

Conclusion

Deriv is a platform that allows access to several financial markets and training through a demonstration account.

Before you start trading with a real account, take the time to understand how it works, learn the basics and build a suitable method.

Start free in 2 steps

Step 1: Create your Deriv account for free

Start by opening your Deriv account for free.

You will immediately have access to a demonstration account to discover the platform.

Create my Deriv account for free

Step 2: Join Bono Trading training for free

Once you have created your account, sign up for the Bono Trading training for free.

You will learn in particular:

How to use Deriv

Synthetic indices

How to use MT5

Risk management

Trading strategies

Access Bono Trading training for free