Digitex Futures opened to the public on July 31, 2020, with a launch day event filled with experienced traders and influencers in the crypto space. The main pull of Digitex is obvious: zero fees. Yet, beyond a platform that allows traders to enter and exit trades without punishing commissions, Digitex offers a whole lot more besides. Find out why trading futures on a one-click ladder is so important, how it changed this one person’s life–and how you can easily learn to trade as well, following these key points.
1. Anyone Can Learn to Scalp on Any Markets
Adam and Mika quickly hit it off as Mika shared how he had first come to scalping after reading an article that Adam had written around 15 years ago in Racing Traders. The article describes how Adam had started making a living scalping profits from trading horse racing bets on Betfair, using an initial stake he had loaned from his father.
As Mika says:
“I took your strategy, that you had implemented on Betfair, and I started scalping. It was amazing! I started to be profitable. With this small article, you changed my life.”
Mika had no other input than this one piece of writing from Adam, and yet he quickly managed to start turning a profit using a few simple rules. This is how he ended up finding out about the DFE. Mika goes on to describe how he managed a 60-day run of profitability on the Digitex testnet at launch.
So don’t be put off – if you’ve been thinking about experimenting with scalping, there is no better time to start.
2. You Don’t Need Charts or Indicators
Charts and technical indicators have their place, and many traders use them and find they give reliable results. However, Mika explains that he managed to accrue a balance of 100,000 DGTX from an initial stake of just 50,000 DGTX, without ever using a chart or an indicator. He simply scrapes in his one or two tick profit as soon as it’s available and moves onto the next trade.
3. You Don’t Need to Know the Markets
Mika openly admits that he knows nothing about virtual assets. In fact, DGTX was his first-ever purchase, and he bought in solely for the opportunity of zero-fee trading via the ladder interface. Long-time supporters will know that Adam developed a trading ladder application for Betfair, called BetTrader, and along with Adam’s strategy, Mika was also a keen user of BetTrader.
The overall lesson is, as Adam has always said, you don’t need to know what you’re buying or selling. You just need to read the markets. During the talk, they both agreed they were never fans of blockchain or horse racing for their own sake, as much as the market for buying or selling the product itself. Successful trading is the ultimate freedom.
4. Be Disciplined
Mika outlines a few simple rules that he always follows.
“The most important rule is to always follow the rules. Never try and predict the market. Take the profit when its there – two or three, or even one tick. And I hate losses. A two-tick loss is the maximum I will tolerate.”
Adam concurs, stating:
“You have to be strict with those losses. That’s where people get it wrong. I found a direct correlation between the longer I held positions and the more successful I was. The shorter I held a position, the more I was able to avoid the losses.”
5. Virtual Assets Are the Best Medium for Scalping
While it’s true that you can scalp any markets, Adam and Mika agree that virtual assets lend themselves well to scalping. The horse racing markets demand that you’re online while the race takes place. A football game is only 90 minutes long.
Furthermore, most sports have been ravaged by incidents such as strikes or the current pandemic.
Crypto is a digital medium, and the trading is 24/7 – it never stops. Therefore, there’s always an opportunity to scalp a profit, no matter where you are in the world.
That said, Mika also asked Adam when he could expect multiple ladders, which were available in Adam’s BetTrader app. Once we launch more markets on the DFE, including ETH, gold, oil, and the S&P, we will have multiple markets on multiple ladders on the same screen.
Two scalp traders with the same strategy and the same visions chatting live and unscripted – the enthusiasm was palpable. If you missed the live event, then we’d urge you to watch this chat in particular, as it encapsulates everything that Adam and Digitex have been working towards delivering, in under 30 minutes.
Are you ready to try your hand? Sign up here to start trading Bitcoin futures with zero fees today.