feedback

We’re Listening to Your Feedback and Here’s What We’re Working On

Digitex Futures
• Digitex Futures
September 25, 2020

With less than two months since the public launch, we’ve been working hard to add new markets to the DFE and attract new users. We already know that traders love the one-click ladder trading UI. And zero fees? Well, that’s a no-brainer. But, we also know that it isn’t perfect yet. We’ve always worked closely with our community to develop and test the DFE. Now that is launched, we still have plenty to improve and we can only do that thanks to your continued help and support.

So we reached out and spoke to our traders to see how and what we can do to make the exchange better and, as Adam pointed out, “We’re still in the process of development, and at the end of this year we will present you all with a much better and improved version of the exchange which will be part of Digitex City, and which will have the DUSD stablecoin as its native currency. Being part of Digitex City will bring more users to the exchange, and DUSD denominated account balances will encourage more traders.”

In the meantime, however, we know that there are some things that we can address right now. So, here are the main concerns that came up and what we’re planning to do about them.

Lowering the Tick Size

Let’s start with one of your comments that came up several times: lowering the tick size. We’ve heard from a few of you that $5 is too high. So Adam is considering lowering it to $1. That also has its downfall when it’s volatile, so this needs to be carefully considered to get the balance exactly right. To be clear, any change to the tick size will only be implemented with the new release in December, and we’re willing to run this idea via a poll to gauge its popularity. 

Fixing the Spot Price Feed

Another one of your concerns is that our Bitcoin spot price is “laggy.” It’s not technically laggy, but what’s actually happening is the smaller exchanges that are included in our spot price calculation are distorting the calculation perhaps more than their size should allow. We’ve decided that we’re going to test how it works when we calculate the spot price using only Binance and Huobi’s Bitcoin price feed. We will test this on the testnet first to see how that works out, and if it works better, we’ll move it to the mainnet. This is relatively fast to implement, so fear not, we’ve got this under control.

Implementing Bot Trading

On the subject of bots, some of you have suggested that we partner with some well-known bot companies such as haasbot, and gunbot. Although these are good suggestions, we are already in the process of developing our own user-programmable bots. They will be built directly into the platform, making it easy for users to set the parameters. They will also be completely free to use.

In fact, the UI is already being designed, and once we’ve finalized the designs, we’ll be happy to release a sneak peek of how it looks! Keep in mind that this will be ready for production in December with the Digitex City release. 

Another point to remember is that connecting our API with one of the suggested bots would also require time to do, and we’d rather focus on our own bot development as it will be free for all our users to use, and is also going to help create lots of liquidity in the exchange.

Increasing Liquidity

While we’re talking about liquidity, as mentioned above, the bots will obviously help a lot. But really, it’s getting tons more users in the door that will take liquidity to the next level. This is why we’ve developed the concept of Digitex City. It is through the combination of all these products that we will build an ecosystem of users, which will feed into the liquidity.

Let’s consider the spot exchange for a moment. Listing and attracting trending DeFi tokens and other up-and-coming altcoins will also bring along their users. Those users will then discover our other complimentary products such as our futures markets or forex markets.

Right now, we’re researching the most popular markets and preparing the specs for them… this will also attract its own userbase, again feeding into our ecosystem’s liquidity pool.

Upping the Leverage

Another of your concerns is the fact that we’re still offering 25x leverage when we promised 100x. We have been cautious about adjusting the leverage, making sure that everything is watertight with our risk management systems. But, you’re right, after two months of being live, we’re almost ready to take off the training wheels as far as this is concerned and Adam says that we will be able to do this before December. 

We hope that this addresses your concerns. We’re learning every day and striving hard to get better, and nothing is more important to us than the valuable feedback from our community. So, thank you for supporting us, stay with us, Digitex is getting stronger every day.

September 25, 2020
Digitex Futures

We’re Listening to Your Feedback and Here’s What We’re Working On

Digitex Futures
feedback

With less than two months since the public launch, we’ve been working hard to add new markets to the DFE and attract new users. We already know that traders love the one-click ladder trading UI. And zero fees? Well, that’s a no-brainer. But, we also know that it isn’t perfect yet. We’ve always worked closely with our community to develop and test the DFE. Now that is launched, we still have plenty to improve and we can only do that thanks to your continued help and support.

So we reached out and spoke to our traders to see how and what we can do to make the exchange better and, as Adam pointed out, “We’re still in the process of development, and at the end of this year we will present you all with a much better and improved version of the exchange which will be part of Digitex City, and which will have the DUSD stablecoin as its native currency. Being part of Digitex City will bring more users to the exchange, and DUSD denominated account balances will encourage more traders.”

In the meantime, however, we know that there are some things that we can address right now. So, here are the main concerns that came up and what we’re planning to do about them.

Lowering the Tick Size

Let’s start with one of your comments that came up several times: lowering the tick size. We’ve heard from a few of you that $5 is too high. So Adam is considering lowering it to $1. That also has its downfall when it’s volatile, so this needs to be carefully considered to get the balance exactly right. To be clear, any change to the tick size will only be implemented with the new release in December, and we’re willing to run this idea via a poll to gauge its popularity. 

Fixing the Spot Price Feed

Another one of your concerns is that our Bitcoin spot price is “laggy.” It’s not technically laggy, but what’s actually happening is the smaller exchanges that are included in our spot price calculation are distorting the calculation perhaps more than their size should allow. We’ve decided that we’re going to test how it works when we calculate the spot price using only Binance and Huobi’s Bitcoin price feed. We will test this on the testnet first to see how that works out, and if it works better, we’ll move it to the mainnet. This is relatively fast to implement, so fear not, we’ve got this under control.

Implementing Bot Trading

On the subject of bots, some of you have suggested that we partner with some well-known bot companies such as haasbot, and gunbot. Although these are good suggestions, we are already in the process of developing our own user-programmable bots. They will be built directly into the platform, making it easy for users to set the parameters. They will also be completely free to use.

In fact, the UI is already being designed, and once we’ve finalized the designs, we’ll be happy to release a sneak peek of how it looks! Keep in mind that this will be ready for production in December with the Digitex City release. 

Another point to remember is that connecting our API with one of the suggested bots would also require time to do, and we’d rather focus on our own bot development as it will be free for all our users to use, and is also going to help create lots of liquidity in the exchange.

Increasing Liquidity

While we’re talking about liquidity, as mentioned above, the bots will obviously help a lot. But really, it’s getting tons more users in the door that will take liquidity to the next level. This is why we’ve developed the concept of Digitex City. It is through the combination of all these products that we will build an ecosystem of users, which will feed into the liquidity.

Let’s consider the spot exchange for a moment. Listing and attracting trending DeFi tokens and other up-and-coming altcoins will also bring along their users. Those users will then discover our other complimentary products such as our futures markets or forex markets.

Right now, we’re researching the most popular markets and preparing the specs for them… this will also attract its own userbase, again feeding into our ecosystem’s liquidity pool.

Upping the Leverage

Another of your concerns is the fact that we’re still offering 25x leverage when we promised 100x. We have been cautious about adjusting the leverage, making sure that everything is watertight with our risk management systems. But, you’re right, after two months of being live, we’re almost ready to take off the training wheels as far as this is concerned and Adam says that we will be able to do this before December. 

We hope that this addresses your concerns. We’re learning every day and striving hard to get better, and nothing is more important to us than the valuable feedback from our community. So, thank you for supporting us, stay with us, Digitex is getting stronger every day.

Latest News

Trading Strategies

Crypto Trading Strategies: The Ins and Outs of Scalping

Digitex Futures
Trading
• Christina Comben
April 2, 2020

We’ve looked at various different crypto trading strategies in recent articles. Any trader in this volatile space has a plethora of paths to choose when deciding how best to execute. Since all crypto trading strategies are different, we thought we’d take a closer look at Digitex Futures CEO’s favorite ones, including day trading and scalping.

Different Styles of Futures Trading

Traders with a high tolerance to risk will look to pursue strategies that may make other retail traders uncomfortable. These can include buying futures on margin or keeping positions (long or short) open for extended periods of time, sometimes even years.

These types of actions can certainly magnify a trader’s profits. But they can also be extremely risky. A wrong call can see them liquidated with hefty losses.

Advanced futures trading styles often rely on hefty fundamental analysis, whereas shorter-term styles such as day trading and scalping look at technical analysis and charts. Of all the crypto trading strategies out there, Digitex Futures CEO Adam Todd prefers scalping as it gives him less exposure to risk but still a good chance of making a profit when conditions are right.

What Is Scalping?

Scalping is the most labor-intensive and aggressive style of day trading. Scalpers look to take advantage of even the smallest of price fluctuations, sometimes holding a position open for a very short time of just a few minutes or even seconds. The main aim of scalpers is to buy low and sell slightly higher for profits sometimes only the equivalent of a few cents.

The name of the game is focusing on reducing losses rather than, as Adam calls it, “riding the winners.” Scalpers will open and close multiple positions in one day with the aim of racking up lots of profits from many places; rather than act on one large swing trend or pattern. Adam explains that in order to be a successful scalper, your trades should be as short as possible: “I discovered that the longer I held a position, the bigger the risk that my position would turn into a loser,” he said.

It’s vital to be disciplined as a scalper and to leave your emotions out of trading. In fact, according to Adam, it’s better if you don’t know anything about the underlying asset at all.

“Short-term scalping requires no fundamental knowledge of the underlying instrument on which you’re trading. As soon as you have entered a position you’re looking to exit it, hopefully with a one or two tick profit but willing to scratch it or lose a tick without any emotional attachment to the trade.”

Scalping Trading – The Ins and Outs

Scalping requires full concentration from the trader. We’re talking about continuous monitoring of the screens and profiting from even the smallest of price changes. If you’re reading your emails or checking social media, you’ll likely fail to see success. According to Investopedia, scalping is “A fast-paced activity for nimble traders. It requires precision timing and execution.”

Scalpers focus on time frame interval charts like the one-minute and five-minute candlestick charts and look out for certain momentum indicators. These could be the relative strength index (RSI), the moving average convergence divergence (MACD), or stochastic. Price chart indicators are also commonly used to identify support and resistance levels.

One of the biggest mistakes a scalper can make according to Investopedia (and echoed by Adam’s words) is late exits (holding a position open for too long). This exposes them to more risk and can turn a profitable day into a losing one if they get caught out in the wrong position. Since scalping generates high commission fees from extensive trading, successfully scalping is currently almost impossible in today’s cryptocurrency markets.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Scalping on Digitex Futures

At Digitex Futures, we want to see all types of crypto trading strategies used so that we appeal to a wide net of traders. However, one of the main things we are looking forward to when we come to market is to at last stop punishing our most active traders, the ones who provide liquidity to the market with commission fees.

As Adam said, “As a scalper, I shouldn’t be paying a percentage of the notional value of the underlying instrument. I’m providing liquidity and should be encouraged, not squeezed out of the market entirely.”

Since we will charge no maker or taker fees on any trade, scalpers will be able to enter and exit as many positions as they like. They’ll be able to make a real living out of aggressive day trading without worrying about how much they have to give back to the house.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

April 2, 2020
Digitex Futures
Trading

Crypto Trading Strategies: The Ins and Outs of Scalping

Christina Comben
Trading Strategies

We’ve looked at various different crypto trading strategies in recent articles. Any trader in this volatile space has a plethora of paths to choose when deciding how best to execute. Since all crypto trading strategies are different, we thought we’d take a closer look at Digitex Futures CEO’s favorite ones, including day trading and scalping.

Different Styles of Futures Trading

Traders with a high tolerance to risk will look to pursue strategies that may make other retail traders uncomfortable. These can include buying futures on margin or keeping positions (long or short) open for extended periods of time, sometimes even years.

These types of actions can certainly magnify a trader’s profits. But they can also be extremely risky. A wrong call can see them liquidated with hefty losses.

Advanced futures trading styles often rely on hefty fundamental analysis, whereas shorter-term styles such as day trading and scalping look at technical analysis and charts. Of all the crypto trading strategies out there, Digitex Futures CEO Adam Todd prefers scalping as it gives him less exposure to risk but still a good chance of making a profit when conditions are right.

What Is Scalping?

Scalping is the most labor-intensive and aggressive style of day trading. Scalpers look to take advantage of even the smallest of price fluctuations, sometimes holding a position open for a very short time of just a few minutes or even seconds. The main aim of scalpers is to buy low and sell slightly higher for profits sometimes only the equivalent of a few cents.

The name of the game is focusing on reducing losses rather than, as Adam calls it, “riding the winners.” Scalpers will open and close multiple positions in one day with the aim of racking up lots of profits from many places; rather than act on one large swing trend or pattern. Adam explains that in order to be a successful scalper, your trades should be as short as possible: “I discovered that the longer I held a position, the bigger the risk that my position would turn into a loser,” he said.

It’s vital to be disciplined as a scalper and to leave your emotions out of trading. In fact, according to Adam, it’s better if you don’t know anything about the underlying asset at all.

“Short-term scalping requires no fundamental knowledge of the underlying instrument on which you’re trading. As soon as you have entered a position you’re looking to exit it, hopefully with a one or two tick profit but willing to scratch it or lose a tick without any emotional attachment to the trade.”

Scalping Trading – The Ins and Outs

Scalping requires full concentration from the trader. We’re talking about continuous monitoring of the screens and profiting from even the smallest of price changes. If you’re reading your emails or checking social media, you’ll likely fail to see success. According to Investopedia, scalping is “A fast-paced activity for nimble traders. It requires precision timing and execution.”

Scalpers focus on time frame interval charts like the one-minute and five-minute candlestick charts and look out for certain momentum indicators. These could be the relative strength index (RSI), the moving average convergence divergence (MACD), or stochastic. Price chart indicators are also commonly used to identify support and resistance levels.

One of the biggest mistakes a scalper can make according to Investopedia (and echoed by Adam’s words) is late exits (holding a position open for too long). This exposes them to more risk and can turn a profitable day into a losing one if they get caught out in the wrong position. Since scalping generates high commission fees from extensive trading, successfully scalping is currently almost impossible in today’s cryptocurrency markets.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Scalping on Digitex Futures

At Digitex Futures, we want to see all types of crypto trading strategies used so that we appeal to a wide net of traders. However, one of the main things we are looking forward to when we come to market is to at last stop punishing our most active traders, the ones who provide liquidity to the market with commission fees.

As Adam said, “As a scalper, I shouldn’t be paying a percentage of the notional value of the underlying instrument. I’m providing liquidity and should be encouraged, not squeezed out of the market entirely.”

Since we will charge no maker or taker fees on any trade, scalpers will be able to enter and exit as many positions as they like. They’ll be able to make a real living out of aggressive day trading without worrying about how much they have to give back to the house.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

Latest News

Exchange

Why Digitex Is So Much More Than a Commission-Free Exchange

Digitex Futures
• admin
March 29, 2020

Digitex is the first-ever commission-free futures exchange that will offer traders a seamless, trustless trading experience. With zero fees and a one-click trading interface, our hybrid exchange is already causing a stir. But beyond all the features and zero-fee policy, Digitex is much more than a commission-free exchange.

It’s no surprise that the words “commission-free” are extremely attractive to traders. As we’ve seen from the high demand for DGTX before and our loyal community of followers, traders don’t like losing money to the house. At Digitex, we want to level the playing field and allow all traders, large and small, to make a daily living. Here are some of the things that we stand for and why.

Achieving Financial Freedom

It’s not just about experimenting in the trading world or “going big or going home.” Digitex lowers the barrier for retail traders by allowing them to speculate on BTC futures and other markets with small amounts of funds.

We’re not about one large trader making a fortune at the expense of others. In fact, our automated market makers won’t receive special treatment or even make money. In fact, they’re actually programmed to lose which gives traders and additional incentive and edge in their favor.

And with zero commissions, high-frequency, low-volume traders and short-term scalpers can actually make a living from the accumulation of small profits over time. They can potentially reject the traditional 9-to-5, say goodbye to their day job, and achieve financial freedom.

As Adam Todd, Digitex CEO remarks:

“Digitex isn’t just a commission-free futures exchange. It’s a place where anyone has as good a chance as anyone else to achieve financial freedom through becoming a successful trader.”

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Our Interests Are Aligned with Our Traders

Unlike so many other exchanges that charge hefty commission fees or disguise their “fee-free” model in other hidden charges, Digitex is an exchange whose interests are truly aligned with our traders. How so?

“Because we’re not constantly siphoning money out of the liquidity pool in the form of commissions and other hidden charges. That money stays within the exchange ecosystem where instead it is won by the successful traders,” Adam explains.

“And because of our unique token issuance revenue model that is only made possible by blockchain technology, the financial interests of the exchange are actually aligned with the traders. No other exchange is this aligned with the interests of its traders.

Instead of the exchange constantly trying to fleece its users by charging as much as possible, we want exactly the same as the users do–which is a steadily rising token price because that is how the exchange makes the money to cover its costs.”

Producing Winners No Matter Their Background

Above all, we believe that everyone should have an equal chance of changing their financial future and being in charge of their own wealth. By cutting out the traditional broker and peeling back the layers of complexity that prevent potential traders from getting in the game, everyone has an equal chance at Digitex.

Your background, location and even trading experience are irrelevant here. We will produce winners regardless of where they come from and how much they invest. More great traders equal more winners. And the more there are, the more we win as an exchange as well. Adam says:

“More money to be made will create a much higher percentage of winners than any traditional fee-charging exchange. More traders and more winners will produce that goal. This will allow all kinds of people to achieve financial freedom, wherever they are, regardless of location, social background or access that often only people in the first world have.”

Turning Dreams into Reality

Every journey starts with a single step. When Adam ground it out as a pit trader in London, he grew tired of watching profitable days turn into losing ones after paying out commissions. He dreamed of a world in which traders like himself would no longer have to lose a percentage of their income to the house.

He also didn’t come across any diversity. Leaving the pit and traveling the world allowed Adam to see things from a different perspective. He realized that not everyone had the same rights and privileges as people in the first world. And while on his journey he continued to think about his dream around in his head.

“Having the chance to build my own exchange that completely levels the playing field for people of all walks of life, regardless of social status or education or location in the world, has always been a dream of mine.”

And now that Adam’s dream is becoming a reality, we’ve been blown away by the response to the Digitex concept. We can’t wait to launch the mainnet later this month on April 27 and prove to people that they can be winners, that they can shake themselves from the shackles of their day jobs, and become part of the Digitex trading community.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
March 29, 2020
Digitex Futures

Why Digitex Is So Much More Than a Commission-Free Exchange

admin
Exchange

Digitex is the first-ever commission-free futures exchange that will offer traders a seamless, trustless trading experience. With zero fees and a one-click trading interface, our hybrid exchange is already causing a stir. But beyond all the features and zero-fee policy, Digitex is much more than a commission-free exchange.

It’s no surprise that the words “commission-free” are extremely attractive to traders. As we’ve seen from the high demand for DGTX before and our loyal community of followers, traders don’t like losing money to the house. At Digitex, we want to level the playing field and allow all traders, large and small, to make a daily living. Here are some of the things that we stand for and why.

Achieving Financial Freedom

It’s not just about experimenting in the trading world or “going big or going home.” Digitex lowers the barrier for retail traders by allowing them to speculate on BTC futures and other markets with small amounts of funds.

We’re not about one large trader making a fortune at the expense of others. In fact, our automated market makers won’t receive special treatment or even make money. In fact, they’re actually programmed to lose which gives traders and additional incentive and edge in their favor.

And with zero commissions, high-frequency, low-volume traders and short-term scalpers can actually make a living from the accumulation of small profits over time. They can potentially reject the traditional 9-to-5, say goodbye to their day job, and achieve financial freedom.

As Adam Todd, Digitex CEO remarks:

“Digitex isn’t just a commission-free futures exchange. It’s a place where anyone has as good a chance as anyone else to achieve financial freedom through becoming a successful trader.”

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Our Interests Are Aligned with Our Traders

Unlike so many other exchanges that charge hefty commission fees or disguise their “fee-free” model in other hidden charges, Digitex is an exchange whose interests are truly aligned with our traders. How so?

“Because we’re not constantly siphoning money out of the liquidity pool in the form of commissions and other hidden charges. That money stays within the exchange ecosystem where instead it is won by the successful traders,” Adam explains.

“And because of our unique token issuance revenue model that is only made possible by blockchain technology, the financial interests of the exchange are actually aligned with the traders. No other exchange is this aligned with the interests of its traders.

Instead of the exchange constantly trying to fleece its users by charging as much as possible, we want exactly the same as the users do–which is a steadily rising token price because that is how the exchange makes the money to cover its costs.”

Producing Winners No Matter Their Background

Above all, we believe that everyone should have an equal chance of changing their financial future and being in charge of their own wealth. By cutting out the traditional broker and peeling back the layers of complexity that prevent potential traders from getting in the game, everyone has an equal chance at Digitex.

Your background, location and even trading experience are irrelevant here. We will produce winners regardless of where they come from and how much they invest. More great traders equal more winners. And the more there are, the more we win as an exchange as well. Adam says:

“More money to be made will create a much higher percentage of winners than any traditional fee-charging exchange. More traders and more winners will produce that goal. This will allow all kinds of people to achieve financial freedom, wherever they are, regardless of location, social background or access that often only people in the first world have.”

Turning Dreams into Reality

Every journey starts with a single step. When Adam ground it out as a pit trader in London, he grew tired of watching profitable days turn into losing ones after paying out commissions. He dreamed of a world in which traders like himself would no longer have to lose a percentage of their income to the house.

He also didn’t come across any diversity. Leaving the pit and traveling the world allowed Adam to see things from a different perspective. He realized that not everyone had the same rights and privileges as people in the first world. And while on his journey he continued to think about his dream around in his head.

“Having the chance to build my own exchange that completely levels the playing field for people of all walks of life, regardless of social status or education or location in the world, has always been a dream of mine.”

And now that Adam’s dream is becoming a reality, we’ve been blown away by the response to the Digitex concept. We can’t wait to launch the mainnet later this month on April 27 and prove to people that they can be winners, that they can shake themselves from the shackles of their day jobs, and become part of the Digitex trading community.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

Crypto

Digitex Futures Is Helping to Grow the Crypto Space

Crypto Industry
Digitex Futures
• Christina Comben
March 23, 2020

We often talk about Digitex going head to head with cryptocurrency’s major exchanges. Not only is it good to have a goal, but a little competition is healthy. No one wants the blockchain ecosystem to develop like the internet has, with four or five monopolies running the show. However, at Digitex, we never forget that we’re part of something so much bigger. There’s plenty of space for every legitimate project or exchange that wants to bring value to its users.

Let’s Grow This Space Together

Binance’s charismatic leader Changpeng Zhao (CZ) put out a memorable tweet in response to a supporter who stated that BNB was going obliterate ETH. He thanked him for his excitement and positivity toward Binance Coin but reminded supporters that destroying Ethereum is not the goal.

CZ said that there is no need to “diss” other coins, that Ethereum is still a powerhouse blockchain and that we should grow this space together. When one of his followers asked if that was a subtle hint at monopolization, he replied:

“No, we want thousands of blockchains and millions of tokens”

Honestly, he couldn’t have put it better. Yeah, it may sometimes feel as if Binance has an unstoppable influence on the market. But let’s give credit where credit is due. Binance has grown so fast due to its low fee model (note, not zero-fee!), a supportive community, innovative leadership, and a passionate and talented team. 

But just like everything else, people should always have options. Binance Futures is not for short-term, high frequency, low volume traders like Digitex. There’s plenty of room for other blockchains, exchanges, and tokens, as the space grows bigger and better together.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Let’s Remember the Phase of Adoption We’re in

If blockchain were a human being, it would be just about learning to walk by now. When you’re so immersed in an industry, it’s easy to forget that the majority of people are still not even waiting at the gates. Less than 10 percent of the UK uses cryptocurrencies for example.

Facebook has over 2.2 billion users around the world. There were 42 million Bitcoin wallets as of Feb 2020. Inward fighting and social media wars at this stage are not helpful for anyone.

Alex Mashinsky, the inventor of VOIP technology and CEO of Celsius Network, a company that offers high-interest accounts and low-interest loans using crypto as collateral, said at Paris Blockchain Week Summit:

“It’s all about expanding the community, right? So we think about how can we build a large community, how we can always act in the best interests of our community and how we can always build in our innovation and be the opposite of what a bank or financial institution is. The competition is not from inside, the competition is only the banks.”

Every player in the cryptocurrency ecosystem should be concentrating on furthering and improving their own products and on expanding the infrastructure until we reach higher adoption.

What Digitex Futures Brings to the Space

You already know that commission-free and a one-click trading ladder are our main value props. With those two factors alone, we’re already bringing tremendous value to the industry. But we also offer an alternative method of tokenomics to remove commissions. 

We don’t use traditional market makers that need paying or expect preferential treatment and we’ll be extremely well-capitalized thanks to the 10 percent of token supply held back for market makers that are programmed to lose.

As Adam said on his AMA panel at the Paris Blockchain Week Summit:

“As an exchange, because our token is the only currency you can use on there, we are actually a very, very well-capitalized exchange and we’re actually going to have very tight bid-ask spreads because of the market making setup we’ve got.”

Our DGTX futures exchange token has value for both traders and HODLers. Even in bearish conditions, DGTX has bucked the trend and is currently trading at more than 4x its ICO price. But we’re capable of so much more. The world of crypto doesn’t grow in a straight line.

ShapeShift founder and Cryptocurrency thought leader, Erik Voorhees said:

“You can’t change the world in a smooth predictable curve.”

We’ll have our ups and downs, and price fluctuations like anyone else out there, but the focus is on continual growth, attracting more traders, and by default, increasing the demand and price for the DGTX token while building up this industry together.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
March 23, 2020
Crypto Industry
Digitex Futures

Digitex Futures Is Helping to Grow the Crypto Space

Christina Comben
Crypto

We often talk about Digitex going head to head with cryptocurrency’s major exchanges. Not only is it good to have a goal, but a little competition is healthy. No one wants the blockchain ecosystem to develop like the internet has, with four or five monopolies running the show. However, at Digitex, we never forget that we’re part of something so much bigger. There’s plenty of space for every legitimate project or exchange that wants to bring value to its users.

Let’s Grow This Space Together

Binance’s charismatic leader Changpeng Zhao (CZ) put out a memorable tweet in response to a supporter who stated that BNB was going obliterate ETH. He thanked him for his excitement and positivity toward Binance Coin but reminded supporters that destroying Ethereum is not the goal.

CZ said that there is no need to “diss” other coins, that Ethereum is still a powerhouse blockchain and that we should grow this space together. When one of his followers asked if that was a subtle hint at monopolization, he replied:

“No, we want thousands of blockchains and millions of tokens”

Honestly, he couldn’t have put it better. Yeah, it may sometimes feel as if Binance has an unstoppable influence on the market. But let’s give credit where credit is due. Binance has grown so fast due to its low fee model (note, not zero-fee!), a supportive community, innovative leadership, and a passionate and talented team. 

But just like everything else, people should always have options. Binance Futures is not for short-term, high frequency, low volume traders like Digitex. There’s plenty of room for other blockchains, exchanges, and tokens, as the space grows bigger and better together.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Let’s Remember the Phase of Adoption We’re in

If blockchain were a human being, it would be just about learning to walk by now. When you’re so immersed in an industry, it’s easy to forget that the majority of people are still not even waiting at the gates. Less than 10 percent of the UK uses cryptocurrencies for example.

Facebook has over 2.2 billion users around the world. There were 42 million Bitcoin wallets as of Feb 2020. Inward fighting and social media wars at this stage are not helpful for anyone.

Alex Mashinsky, the inventor of VOIP technology and CEO of Celsius Network, a company that offers high-interest accounts and low-interest loans using crypto as collateral, said at Paris Blockchain Week Summit:

“It’s all about expanding the community, right? So we think about how can we build a large community, how we can always act in the best interests of our community and how we can always build in our innovation and be the opposite of what a bank or financial institution is. The competition is not from inside, the competition is only the banks.”

Every player in the cryptocurrency ecosystem should be concentrating on furthering and improving their own products and on expanding the infrastructure until we reach higher adoption.

What Digitex Futures Brings to the Space

You already know that commission-free and a one-click trading ladder are our main value props. With those two factors alone, we’re already bringing tremendous value to the industry. But we also offer an alternative method of tokenomics to remove commissions. 

We don’t use traditional market makers that need paying or expect preferential treatment and we’ll be extremely well-capitalized thanks to the 10 percent of token supply held back for market makers that are programmed to lose.

As Adam said on his AMA panel at the Paris Blockchain Week Summit:

“As an exchange, because our token is the only currency you can use on there, we are actually a very, very well-capitalized exchange and we’re actually going to have very tight bid-ask spreads because of the market making setup we’ve got.”

Our DGTX futures exchange token has value for both traders and HODLers. Even in bearish conditions, DGTX has bucked the trend and is currently trading at more than 4x its ICO price. But we’re capable of so much more. The world of crypto doesn’t grow in a straight line.

ShapeShift founder and Cryptocurrency thought leader, Erik Voorhees said:

“You can’t change the world in a smooth predictable curve.”

We’ll have our ups and downs, and price fluctuations like anyone else out there, but the focus is on continual growth, attracting more traders, and by default, increasing the demand and price for the DGTX token while building up this industry together.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

Speculating

What Is the Difference Between Speculating vs. Trading vs. Investing?

Digitex Futures
• Luke Green
March 20, 2020

Becoming financially literate is perhaps one of the most important skills you can learn on the path to financial freedom. With so many ways to put your money to work, it’s important to understand the mechanics behind each approach. With that in mind, let’s take a deeper dive into the difference between speculating, trading, and investing.

Difference Between Speculating, Trading and Investing?
Speculating

When you think about it, we are actually doing this most of the time, be it about the weather, the cast of a hotly-anticipated film or what Facebook might be doing with our data. In essence, it’s simply taking what you know now and predicting the likelihood of a certain outcome.

Despite being a fantastic conversation starter, in the investment world, speculating essentially puts cold hard cash on the line for those hunches. It can be both highly risky and highly profitable.

As the well-known band, Faithless once sang in their song Reverence, you don’t need eyes to see, you need vision. And nothing could be more important when choosing this approach to your wealth management. The most successful speculative investors, sometimes known as Angel Investors, are often highly inquisitive. They constantly imagine future opportunities within their fields of expertise.

This “vision” and forward-thinking not only allows them to be entrepreneurial with their own business ideas, but it also lets them connect the dots and spot companies with huge upside potential, very early within their success trajectory.

This allows them to inject capital into vastly undervalued assets before they become widely known. Jeff Bezos, the founder of Amazon, for example, was an early Angel investor in a fledgeling internet search company called BackRub (oh the irony). It went on, of course, to be known as Google.

While many Angel Investment opportunities remain in the domain of a privileged few, speculative investment has now become much more mainstream and accessible. Initially through fundraising platforms like Kickstarter, Indigogo, and Seeders. But in recent times, via new investment vehicles like ICOs or STO offerings.

These new ways to raise capital have somewhat leveled the playing field exposing a whole new class of mainstream retail investors to the exciting and potentially lucrative world of speculative investment.

Trading

It’s crazy to think that our earliest ancestors were traders, bartering goods between tribes back in prehistoric times. To put this into some kind of perspective as to how deeply embedded into the human psyche it is, that’s around the same time as the first-ever human communication some 150,000 years ago!

But fast-forward to 2019 and you’d be forgiven for being confused by the huge variety and complex methods by which you can perform this ancient and simple action.

For all its apparent modern sophistication, trading, specifically in relation to stocks, shares or cryptocurrencies, is simply the act of buying something for one price and selling it for another, with the goal of making a profit.

While trading does indeed involve an element of both investment and speculation, it differs from both in that its proponents may not even care or understand what it is they are buying or selling.

As Adam pointed out during the TraderCobb Podcast. He managed an 8-month winning streak on Betfair without any knowledge of horse racing at all. He just knew what he could buy the bet for and what he could sell it at.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Types of Trading Strategies

Depending on the type of trading being undertaken, there are a number of different trading strategies that can be employed. What tends to separate them is the timeline over which the trade takes place alongside the type of analysis deployed, specifically to judge the risk and reward.

The Digitex online futures trading platform will finally make it viable for retail traders through commission-free trades, to pursue a trading style called scalping.

In this approach, the gap between the trader buying the asset and selling it may be no longer than a few minutes; perhaps even seconds.

But by employing tools such as order flow, ladder trading interfaces or algorithms (automated futures trading programs called bots), traders can execute lots of trades quickly. With a commission-free platform, disciplined traders will be able to turn small profits into large gains over time.

Investing

Investing is of course, fundamental to both trading and speculating, as, by definition, it represents the “what” you risk when pursuing these strategies. However, in the general sense, the difference between speculating vs. trading vs. investing is that investing represents money-making strategies that are generally over much longer timelines. These can often be years, and with much lower volatility and risk/reward profiles.

The vast majority of people who invest are doing so for long-term goals, such as retirement, or future financial freedom. As a result of this, making an investment is almost always based on something that has a solid (and preferably a long history) of stable growth and returns. This is a critical difference between trading vs. investing, as traders make money in down markets, whereas investors tend to rely on growth markets.

As with many financial services, investment as a financial vehicle has experienced a Cambrian explosion of innovation, driven in part by the cryptocurrency and fintech industries.

This has lead to a dizzying amount of ways you can invest and made it easier than ever before to do so. From more traditional markets like stocks and shares, tracker funds or ETFs to cutting-edge uses such as Crypto Asset Lending; there’s no shortage of places to put your money.

Ultimately, whichever investment instrument you choose, your goal is to gradually build wealth over an extended period. If you are sensible and have time on your side, it can be a very stress-free way to manage and grow your wealth, often insulating you from the impact of short-term market fluctuations.

Wrapping It Up

When comparing speculating vs. trading vs. investing, there is certainly one aspect that is common to them all. That’s taking full responsibility for judging your risk vs your reward.

Of course, what you’re willing to risk for what reward is just as unique as your personality. But truly analyzing this and how you make these judgments can be highly revealing on a personal level.

Any time you take to learn and understand this is perhaps the most worthwhile investment you can make. It will help you make not just better financial judgments, but better decisions all round.

With the upcoming Digitex mainnet release, we are committed to producing successful traders. Commission-free trades and a provably fair matching engine with market makers programmed to lose will level the playing field more than ever. So whatever investment strategy suits you best, there is a place for you on the exchange.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
March 20, 2020
Digitex Futures

What Is the Difference Between Speculating vs. Trading vs. Investing?

Luke Green
Speculating

Becoming financially literate is perhaps one of the most important skills you can learn on the path to financial freedom. With so many ways to put your money to work, it’s important to understand the mechanics behind each approach. With that in mind, let’s take a deeper dive into the difference between speculating, trading, and investing.

Difference Between Speculating, Trading and Investing?
Speculating

When you think about it, we are actually doing this most of the time, be it about the weather, the cast of a hotly-anticipated film or what Facebook might be doing with our data. In essence, it’s simply taking what you know now and predicting the likelihood of a certain outcome.

Despite being a fantastic conversation starter, in the investment world, speculating essentially puts cold hard cash on the line for those hunches. It can be both highly risky and highly profitable.

As the well-known band, Faithless once sang in their song Reverence, you don’t need eyes to see, you need vision. And nothing could be more important when choosing this approach to your wealth management. The most successful speculative investors, sometimes known as Angel Investors, are often highly inquisitive. They constantly imagine future opportunities within their fields of expertise.

This “vision” and forward-thinking not only allows them to be entrepreneurial with their own business ideas, but it also lets them connect the dots and spot companies with huge upside potential, very early within their success trajectory.

This allows them to inject capital into vastly undervalued assets before they become widely known. Jeff Bezos, the founder of Amazon, for example, was an early Angel investor in a fledgeling internet search company called BackRub (oh the irony). It went on, of course, to be known as Google.

While many Angel Investment opportunities remain in the domain of a privileged few, speculative investment has now become much more mainstream and accessible. Initially through fundraising platforms like Kickstarter, Indigogo, and Seeders. But in recent times, via new investment vehicles like ICOs or STO offerings.

These new ways to raise capital have somewhat leveled the playing field exposing a whole new class of mainstream retail investors to the exciting and potentially lucrative world of speculative investment.

Trading

It’s crazy to think that our earliest ancestors were traders, bartering goods between tribes back in prehistoric times. To put this into some kind of perspective as to how deeply embedded into the human psyche it is, that’s around the same time as the first-ever human communication some 150,000 years ago!

But fast-forward to 2019 and you’d be forgiven for being confused by the huge variety and complex methods by which you can perform this ancient and simple action.

For all its apparent modern sophistication, trading, specifically in relation to stocks, shares or cryptocurrencies, is simply the act of buying something for one price and selling it for another, with the goal of making a profit.

While trading does indeed involve an element of both investment and speculation, it differs from both in that its proponents may not even care or understand what it is they are buying or selling.

As Adam pointed out during the TraderCobb Podcast. He managed an 8-month winning streak on Betfair without any knowledge of horse racing at all. He just knew what he could buy the bet for and what he could sell it at.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Types of Trading Strategies

Depending on the type of trading being undertaken, there are a number of different trading strategies that can be employed. What tends to separate them is the timeline over which the trade takes place alongside the type of analysis deployed, specifically to judge the risk and reward.

The Digitex online futures trading platform will finally make it viable for retail traders through commission-free trades, to pursue a trading style called scalping.

In this approach, the gap between the trader buying the asset and selling it may be no longer than a few minutes; perhaps even seconds.

But by employing tools such as order flow, ladder trading interfaces or algorithms (automated futures trading programs called bots), traders can execute lots of trades quickly. With a commission-free platform, disciplined traders will be able to turn small profits into large gains over time.

Investing

Investing is of course, fundamental to both trading and speculating, as, by definition, it represents the “what” you risk when pursuing these strategies. However, in the general sense, the difference between speculating vs. trading vs. investing is that investing represents money-making strategies that are generally over much longer timelines. These can often be years, and with much lower volatility and risk/reward profiles.

The vast majority of people who invest are doing so for long-term goals, such as retirement, or future financial freedom. As a result of this, making an investment is almost always based on something that has a solid (and preferably a long history) of stable growth and returns. This is a critical difference between trading vs. investing, as traders make money in down markets, whereas investors tend to rely on growth markets.

As with many financial services, investment as a financial vehicle has experienced a Cambrian explosion of innovation, driven in part by the cryptocurrency and fintech industries.

This has lead to a dizzying amount of ways you can invest and made it easier than ever before to do so. From more traditional markets like stocks and shares, tracker funds or ETFs to cutting-edge uses such as Crypto Asset Lending; there’s no shortage of places to put your money.

Ultimately, whichever investment instrument you choose, your goal is to gradually build wealth over an extended period. If you are sensible and have time on your side, it can be a very stress-free way to manage and grow your wealth, often insulating you from the impact of short-term market fluctuations.

Wrapping It Up

When comparing speculating vs. trading vs. investing, there is certainly one aspect that is common to them all. That’s taking full responsibility for judging your risk vs your reward.

Of course, what you’re willing to risk for what reward is just as unique as your personality. But truly analyzing this and how you make these judgments can be highly revealing on a personal level.

Any time you take to learn and understand this is perhaps the most worthwhile investment you can make. It will help you make not just better financial judgments, but better decisions all round.

With the upcoming Digitex mainnet release, we are committed to producing successful traders. Commission-free trades and a provably fair matching engine with market makers programmed to lose will level the playing field more than ever. So whatever investment strategy suits you best, there is a place for you on the exchange.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

exchange tokens

Major Exchange Tokens Prove Solid Potential for ROI

Cryptocurrency
Digitex Futures
• Dave Reiter
March 13, 2020

Exchange token holders usually receive certain benefits or “perks” from the exchange. These could be a discount on trading fees, the right to participate in the governance process or as a way to reward market makers who create liquidity in the exchange. Some of the best faring exchange tokens out there right now are BNB, HT, and KCS. So, how does DGTX and its commission-free model stack up? 

A Look at Popular Exchange Tokens

Exchange tokens (ETs) began to emerge around the middle of 2017. Consequently, there is a limited amount of available data to determine the success of these tokens in terms of their ROI. However, let’s review the data that is available in order to determine how well exchange tokens have performed. 

We will analyze four of the more popular exchange tokens in terms of market capitalization, daily volume and the total supply of tokens. These are Binance’s BNB token, KuCoin’s KCS, Huobi’s HT, and our very own DGTX.

For an in-depth analysis of each one of these exchange tokens compared to DGTX individually, be sure to check out our blogs on the links above. In this article, we’re going to take a deep dive into the numbers and see what they tell us about how these four exchange tokens fare.

Analyzing The Four Popular Exchange Tokens’ Data

BNB, KCS, HT, and DGTX Key Stats
Token Market Cap Avg 24 hr Volume Circulating Supply Overall Supply
BNB $4.003.071.152 $516.095.840 155.536.713 187.536.713
KCS $106.269.125 $9.603.367 81.850.451 171.850.451
HT $1.118.634.736 $399.667.465 236.468.066 500.000.000 
DGTX $29.456.612 $1.637.231 802.500.000  1.000.000.000
Source: CoinMarketCap Feb 12, 2020

As you can see from the table above, BNB is easily the most heavily traded exchange token in comparison to KCS, HT and DGTX. The same is also true in terms of market capitalization. Although, Huobi’s HT is certainly progressing fast.

Many traders are confused as it relates to market capitalization. The formula for market cap is actually quite simple. It’s the price of the exchange token multiplied by the circulating supply.  

It’s worth noting that DGTX currently has a fairly low daily volume of over $1.6M. The volume will increase dramatically when the Digitex Futures exchange mainnet launches on 27 April.  

If you want to get involved in the next revolution in crypto derivatives trading, you can buy DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX

Without question, exchange tokens have proven to be very popular among traders and investors within the crypto industry. And this popularity has translated into a positive return on investment (ROI) for them. Let’s examine the numbers.

Exchange Tokens Provide Excellent ROI

BNB, KCS, HT, and DGTX Return on Investment
Token ICO Date ICO Price Current Price Rate of Return
BNB 1 July 2017 $0.100 $25.71 25,610%
KCS 13 Aug 2017 $0.224 $1.30 580.11%
HT 24 Jan 2018 $1.52 $4.73 311.2%
DGTX 15 Jan 2018 $0.010 $0.366 350%
Source: CoinMarketCap Feb 12, 2020

As you can see, each exchange token is well above its ICO price. BNB investors have enjoyed an incredible rate of return since its ICO. 

Binance launched its ICO at the perfect time. As you may recall, July 2017 marked the beginning of the huge rally in Bitcoin. BNB benefitted from a wave of speculative fever that engulfed the crypto industry during the summer and fall of 2017.

Perhaps as impressive as BNB has been the performance of DGTX. Why? Because the DGTX ICO occurred during the beginning of the cryptocurrency bear market. The bear market continued for more than a year and a half and still has yet to retest its 2017 highs. 

Despite the poor market conditions, the DGTX token has managed to reward its investors with a spectacular rate of return of 350% at the time of writing. Additionally, Digitex has not even launched its futures trading exchange yet.

Although it’s impossible to forecast the price performance of any asset class, the DGTX token appears to have more upside potential when Digitex opens its exchange for trading.   

Personal Observations

 Why have exchange tokens easily outperformed many other crypto investments so far? Based on my research, cryptocurrency exchanges offer the “purest investment play” within the crypto universe.

Over the course of the next decade, the digital currency industry will provide investors with a wide variety of opportunities to profit from this new asset class. Most likely, cryptocurrency exchanges will be at the top of the list in regard to return on investment (ROI). 

In my opinion, this explains why exchange tokens have performed so well, despite the crypto bear market. 

If you’re anxious to see what zero-free trading looks like on a one-click trading ladder, sign up for an account on the Digitex beta by clicking the button below. You can even try your hand at winning real DGTX prizes by entering the daily Digitex Trading Battle.

SIGN UP HERE

Full Disclosure:  Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

March 13, 2020
Cryptocurrency
Digitex Futures

Major Exchange Tokens Prove Solid Potential for ROI

Dave Reiter
exchange tokens

Exchange token holders usually receive certain benefits or “perks” from the exchange. These could be a discount on trading fees, the right to participate in the governance process or as a way to reward market makers who create liquidity in the exchange. Some of the best faring exchange tokens out there right now are BNB, HT, and KCS. So, how does DGTX and its commission-free model stack up? 

A Look at Popular Exchange Tokens

Exchange tokens (ETs) began to emerge around the middle of 2017. Consequently, there is a limited amount of available data to determine the success of these tokens in terms of their ROI. However, let’s review the data that is available in order to determine how well exchange tokens have performed. 

We will analyze four of the more popular exchange tokens in terms of market capitalization, daily volume and the total supply of tokens. These are Binance’s BNB token, KuCoin’s KCS, Huobi’s HT, and our very own DGTX.

For an in-depth analysis of each one of these exchange tokens compared to DGTX individually, be sure to check out our blogs on the links above. In this article, we’re going to take a deep dive into the numbers and see what they tell us about how these four exchange tokens fare.

Analyzing The Four Popular Exchange Tokens’ Data

BNB, KCS, HT, and DGTX Key Stats
Token Market Cap Avg 24 hr Volume Circulating Supply Overall Supply
BNB $4.003.071.152 $516.095.840 155.536.713 187.536.713
KCS $106.269.125 $9.603.367 81.850.451 171.850.451
HT $1.118.634.736 $399.667.465 236.468.066 500.000.000 
DGTX $29.456.612 $1.637.231 802.500.000  1.000.000.000
Source: CoinMarketCap Feb 12, 2020

As you can see from the table above, BNB is easily the most heavily traded exchange token in comparison to KCS, HT and DGTX. The same is also true in terms of market capitalization. Although, Huobi’s HT is certainly progressing fast.

Many traders are confused as it relates to market capitalization. The formula for market cap is actually quite simple. It’s the price of the exchange token multiplied by the circulating supply.  

It’s worth noting that DGTX currently has a fairly low daily volume of over $1.6M. The volume will increase dramatically when the Digitex Futures exchange mainnet launches on 27 April.  

If you want to get involved in the next revolution in crypto derivatives trading, you can buy DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX

Without question, exchange tokens have proven to be very popular among traders and investors within the crypto industry. And this popularity has translated into a positive return on investment (ROI) for them. Let’s examine the numbers.

Exchange Tokens Provide Excellent ROI

BNB, KCS, HT, and DGTX Return on Investment
Token ICO Date ICO Price Current Price Rate of Return
BNB 1 July 2017 $0.100 $25.71 25,610%
KCS 13 Aug 2017 $0.224 $1.30 580.11%
HT 24 Jan 2018 $1.52 $4.73 311.2%
DGTX 15 Jan 2018 $0.010 $0.366 350%
Source: CoinMarketCap Feb 12, 2020

As you can see, each exchange token is well above its ICO price. BNB investors have enjoyed an incredible rate of return since its ICO. 

Binance launched its ICO at the perfect time. As you may recall, July 2017 marked the beginning of the huge rally in Bitcoin. BNB benefitted from a wave of speculative fever that engulfed the crypto industry during the summer and fall of 2017.

Perhaps as impressive as BNB has been the performance of DGTX. Why? Because the DGTX ICO occurred during the beginning of the cryptocurrency bear market. The bear market continued for more than a year and a half and still has yet to retest its 2017 highs. 

Despite the poor market conditions, the DGTX token has managed to reward its investors with a spectacular rate of return of 350% at the time of writing. Additionally, Digitex has not even launched its futures trading exchange yet.

Although it’s impossible to forecast the price performance of any asset class, the DGTX token appears to have more upside potential when Digitex opens its exchange for trading.   

Personal Observations

 Why have exchange tokens easily outperformed many other crypto investments so far? Based on my research, cryptocurrency exchanges offer the “purest investment play” within the crypto universe.

Over the course of the next decade, the digital currency industry will provide investors with a wide variety of opportunities to profit from this new asset class. Most likely, cryptocurrency exchanges will be at the top of the list in regard to return on investment (ROI). 

In my opinion, this explains why exchange tokens have performed so well, despite the crypto bear market. 

If you’re anxious to see what zero-free trading looks like on a one-click trading ladder, sign up for an account on the Digitex beta by clicking the button below. You can even try your hand at winning real DGTX prizes by entering the daily Digitex Trading Battle.

SIGN UP HERE

Full Disclosure:  Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

digitex

Digitex CEO Is Determined to Fulfill His Vision

Crypto Industry
Digitex Futures
• admin
March 12, 2020

While Adam’s decisions to delay the exchange launch on two occasions have received much criticism, it’s clear that an industry-defining idea like Digitex needs a singular and dedicated commitment to its vision, if it’s to fulfill on its promise to disrupt an industry. Contributor Luke Green shares his opinion.

Digitex – A Singular Vision

We all have ideas, right? You’ve probably had or will have a few great ones over the course of your life. However, the odds are you won’t see them to a conclusion. Why is that? Well, the simple answer is because it’s bloody hard! Because the odds are actively stacked against you.

Thomas Edison once remarked, “Genius is one percent inspiration, ninety-nine percent perspiration”-and he would know, failing perhaps thousands of times before eventually finding success. It’s through this unforgiving filter that only the most tenacious and determined manage to pass.

This kind of determination often gives rise to a very singular vision. One that provides the fuel to see things to a conclusion, no matter what the hurdles are. Ultimately, when you have this mindset, no challenge you face is insurmountable. Every setback is an opportunity to grow, hustle, and strive. And you’re often taking one step back for every two steps forward, each time getting closer to the realization of your idea.

Yes, this all sounds a little heroic, and of course it takes guts, but in reality, it’s simply about staying true to your original idea. Guiding it safely through the many challenges along the way. Especially when a great idea challenges an established convention. It has to be protected from those that seek to dilute, change or comprise it, simply because it’s difficult or hasn’t been done before.

It’s clear while watching the progress over the past two years that Digitex Futures has been in the throes of this journey. We’ve seen Adam’s passion and idea move from a whitepaper to a fully-funded ICO and beyond. We’ve all been invited to take part and watch the progress play out in dramatic realtime.

Digitex Unique Brand Value

Digitex Futures has a unique appeal for its holders and customers-or as marketing gurus would call it a “unique brand proposition.” While almost every business in existence claims that “its interests are aligned with its customers” it’s a very rare organization that actually transparently bases its entire business model on that exact concept.

Digitex Futures is, of course, a blockchain project but importantly it’s not just in the implementation. It’s also built deeply into its culture too. Whether it’s the decision to put votes to the community, to research into new areas of blockchain development such as ETH scaling, or creating a “provably fair” matching engine, everything Adam and his team do aim to further strengthen Digitex Futures as an exchange that stands apart to work for its traders and not against them.

As Adam has remarked, this is not out of some “airy-fairy save the world” motive, Digitex Futures is of course not a charity. It’s simply an innovative and efficient business model. And by intelligently using the real promise of blockchain technology it’s possible to align everyone’s interests. From token holders to traders, from exchange owners to Adam and his team, we all share the same goal to see a successful platform launch and see the DGTX token appreciate.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Great UX & Liquidity

This dedication to quality and brand values is not just about creating a great looking and easy to use futures exchange, of course, that’s vitally important. But it’s also about preserving and encouraging the Holy Grail of a successful exchange–liquidity.

As a former trader, Adam knows this is critical. Liquidity allows traders to quickly enter and exit positions and as a result, attracts even more traders to the platform. Liquidity begets liquidity.

Adam won’t rest until the Digitex Futures exchange lives up to and even exceeds its community’s expectations. The company is going all out to make sure the marketing creates huge demand, the tokenomics support a highly liquid exchange from launch, and that the platform earns its place as one of the market leaders in quality of user experience and liquidity from launch.

Being the Change

With such a clear and transparent brand proposition, the Digitex Futures concept has created a huge amount of demand and attention. Of course, everyone wants the chance to make money and this has been both a blessing and a curse for the project.

Obviously, on the plus side, it has brought in a huge amount of speculation, capital, and interest. On the flip side, it has also contributed to immediate negative reactions when delays or unpopular decisions had to be made. There have undoubtedly been some very difficult decisions at very key moments for Adam and the project.

We since learned from Adam that in the case of both delays, Digitex could have muddled through a launch. However, in both cases, the platform he was faced with did not live up to the vision and brand values of the project. In respect to the second delay, when your key business proposition is an exchange that’s provably fair and your dev team provides an exchange that’s rounding up positions against traders, then you have two options: either completely compromise your project goals and values or take the long-term view refuse to compromise.

While Adam has admitted to making mistakes along the way, he has effectively chosen the harder path for the long-term value of the project. That shows the kind of commitment and authenticity required to deliver an exchange that isn’t just lip service to an ideal: it is the pure manifestation of its business model.

In essence, Adam wants the exchange to be the change he wants to see in the industry. Anything less than this is a betrayal of both his original vision and the potential success of the project.

Do you want to stock up on DGTX tokens ahead of the mainnet launch on April 27? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
March 12, 2020
Crypto Industry
Digitex Futures

Digitex CEO Is Determined to Fulfill His Vision

admin
digitex

While Adam’s decisions to delay the exchange launch on two occasions have received much criticism, it’s clear that an industry-defining idea like Digitex needs a singular and dedicated commitment to its vision, if it’s to fulfill on its promise to disrupt an industry. Contributor Luke Green shares his opinion.

Digitex – A Singular Vision

We all have ideas, right? You’ve probably had or will have a few great ones over the course of your life. However, the odds are you won’t see them to a conclusion. Why is that? Well, the simple answer is because it’s bloody hard! Because the odds are actively stacked against you.

Thomas Edison once remarked, “Genius is one percent inspiration, ninety-nine percent perspiration”-and he would know, failing perhaps thousands of times before eventually finding success. It’s through this unforgiving filter that only the most tenacious and determined manage to pass.

This kind of determination often gives rise to a very singular vision. One that provides the fuel to see things to a conclusion, no matter what the hurdles are. Ultimately, when you have this mindset, no challenge you face is insurmountable. Every setback is an opportunity to grow, hustle, and strive. And you’re often taking one step back for every two steps forward, each time getting closer to the realization of your idea.

Yes, this all sounds a little heroic, and of course it takes guts, but in reality, it’s simply about staying true to your original idea. Guiding it safely through the many challenges along the way. Especially when a great idea challenges an established convention. It has to be protected from those that seek to dilute, change or comprise it, simply because it’s difficult or hasn’t been done before.

It’s clear while watching the progress over the past two years that Digitex Futures has been in the throes of this journey. We’ve seen Adam’s passion and idea move from a whitepaper to a fully-funded ICO and beyond. We’ve all been invited to take part and watch the progress play out in dramatic realtime.

Digitex Unique Brand Value

Digitex Futures has a unique appeal for its holders and customers-or as marketing gurus would call it a “unique brand proposition.” While almost every business in existence claims that “its interests are aligned with its customers” it’s a very rare organization that actually transparently bases its entire business model on that exact concept.

Digitex Futures is, of course, a blockchain project but importantly it’s not just in the implementation. It’s also built deeply into its culture too. Whether it’s the decision to put votes to the community, to research into new areas of blockchain development such as ETH scaling, or creating a “provably fair” matching engine, everything Adam and his team do aim to further strengthen Digitex Futures as an exchange that stands apart to work for its traders and not against them.

As Adam has remarked, this is not out of some “airy-fairy save the world” motive, Digitex Futures is of course not a charity. It’s simply an innovative and efficient business model. And by intelligently using the real promise of blockchain technology it’s possible to align everyone’s interests. From token holders to traders, from exchange owners to Adam and his team, we all share the same goal to see a successful platform launch and see the DGTX token appreciate.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Great UX & Liquidity

This dedication to quality and brand values is not just about creating a great looking and easy to use futures exchange, of course, that’s vitally important. But it’s also about preserving and encouraging the Holy Grail of a successful exchange–liquidity.

As a former trader, Adam knows this is critical. Liquidity allows traders to quickly enter and exit positions and as a result, attracts even more traders to the platform. Liquidity begets liquidity.

Adam won’t rest until the Digitex Futures exchange lives up to and even exceeds its community’s expectations. The company is going all out to make sure the marketing creates huge demand, the tokenomics support a highly liquid exchange from launch, and that the platform earns its place as one of the market leaders in quality of user experience and liquidity from launch.

Being the Change

With such a clear and transparent brand proposition, the Digitex Futures concept has created a huge amount of demand and attention. Of course, everyone wants the chance to make money and this has been both a blessing and a curse for the project.

Obviously, on the plus side, it has brought in a huge amount of speculation, capital, and interest. On the flip side, it has also contributed to immediate negative reactions when delays or unpopular decisions had to be made. There have undoubtedly been some very difficult decisions at very key moments for Adam and the project.

We since learned from Adam that in the case of both delays, Digitex could have muddled through a launch. However, in both cases, the platform he was faced with did not live up to the vision and brand values of the project. In respect to the second delay, when your key business proposition is an exchange that’s provably fair and your dev team provides an exchange that’s rounding up positions against traders, then you have two options: either completely compromise your project goals and values or take the long-term view refuse to compromise.

While Adam has admitted to making mistakes along the way, he has effectively chosen the harder path for the long-term value of the project. That shows the kind of commitment and authenticity required to deliver an exchange that isn’t just lip service to an ideal: it is the pure manifestation of its business model.

In essence, Adam wants the exchange to be the change he wants to see in the industry. Anything less than this is a betrayal of both his original vision and the potential success of the project.

Do you want to stock up on DGTX tokens ahead of the mainnet launch on April 27? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

Trade Futures

Top 5 Websites For Learning How to Trade Futures

Digitex Futures
Trading
• Dave Reiter
March 3, 2020

Digitex Futures launches the mainnet of its commission-free trading platform on April 27. For the first time in the history of futures trading platforms, speculators will have the opportunity to trade cryptocurrencies on the same user interface without paying a single fee. Better than that, Digitex will offer a trading environment that’s suitable for both experienced and novice traders.

Learn to Trade Futures

In an attempt to help novice traders learn how to buy futures and how to trade futures, Digitex has teamed up with some of the best traders and educators in the crypto space. They will provide invaluable resources, tips, and tricks on how to trade futures.

Let’s review these educational resources as well as some additional references to help traders and speculators navigate the world of futures trading.

Educational Resources for Novice Futures Traders
ReadySetCrypto

ReadySetCrypto offers one of the most educational and informative cryptocurrency channels on YouTube. Founded in 2017 by a father-and-son team, the company’s primary objective is to teach crypto enthusiasts the proper way to analyze and trade cryptocurrencies.

The team provides its subscribers with high-quality educational material on how to successfully conquer the world of crypto speculation.

They offer real-time daily market updates, a daily newsletter, daily videos, specific trade ideas and market analysis, as well as access to the firm’s Mastermind Group.

The Mastermind Group is one of their most popular products. It consists of a group of well-educated crypto experts and professionals who discuss the latest trends in the world of digital currencies. For more information on ReadySetCrypto, visit the company’s website.

Lion Asset Management

Lion Asset Management has teamed up with Digitex Futures to create Digitex trading seminars. The trading seminars are designed to teach traders to apply profitable crypto trading strategies. Lion Asset Management has a rich history of teaching its students to become successful traders and speculators.

The firm initially operated exclusively in the foreign currency markets beginning in 2002. In 2017, they added cryptocurrencies to their trading seminars.

Specifically, Lion Asset Management will present live trading sessions using technical analysis to teach students how to successfully navigate the world of crypto speculation. The seminars will be tailored to meet the specific demands of crypto traders using the Digitex trading platform.

The firm will provide seminar attendees with specific technical indicators to create automated trading portfolios which can be used on the Digitex platform. For more information, visit the Lion Asset Management website.

Barchart

Barchart is one of the most popular websites for traders and speculators among all different asset classes. This includes stocks, trade futures, precious metals, foreign currency, and crypto.

Barchart has a very long and prestigious history in the financial data industry. The company was founded in 1934, as a subsidiary of Commodity Research Bureau. Today, the company has one of the most recognizable brands throughout the financial services industry.

Barchart offers an incredible amount of 100% FREE technical indicators, graphs, charts, tools, financial data and technical studies. This information allows traders to perform various tests and studies based on over 100 different indicators.

Barchart has data reaching back to the 1950s. Therefore, the website will allow users to test various trading strategies over the course of the past 60+ years. For those traders who prefer more detailed research along with real-time quotes, Barchart also offers monthly subscriptions. A good place to start is by visiting the company’s website.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Factor Trading Service

Arguably, Peter L Brandt will be included as one of the greatest commodity traders of the past 100 years. Brandt’s trading career began in Chicago in the mid-1970s. His trading style is based purely on repetitive chart patterns and formations. Based on audited performance results, Brandt has managed to generate an annual return of over 40% per year for the past three decades!

Brandt offers the Factor Trading Service, which allows subscribers to follow his trading methodology through webinars, private blog posts, and online tutorials. Peter is very generous with his time. For those traders who prefer not to pay for a subscription, Brandt offers a tremendous amount of free information on his Twitter page.

Futures Truth

Futures Truth operates a rather unique business. The company does not offer trading seminars, newsletters or webinars. Instead, Futures Truth specializes in tracking the performance results of publicly available trading systems.

System developers submit their trading systems to Futures Truth in order to test the performance. In return, Futures Truth displays the daily results of the system on the company website. For a small fee, traders can purchase a list of the performance results of all systems.

There are literally thousands of different systems available for trading stocks, futures, foreign currency, and cryptocurrencies. The overwhelming majority of these systems are worthless. Unfortunately, it’s almost impossible for the average trader to know which systems will actually generate a profit in real-time trading.

That’s why Futures Truth is such a valuable resource. It separates the winning trading systems from the losing trading systems. For more information, visit the company’s website.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

March 3, 2020
Digitex Futures
Trading

Top 5 Websites For Learning How to Trade Futures

Dave Reiter
Trade Futures

Digitex Futures launches the mainnet of its commission-free trading platform on April 27. For the first time in the history of futures trading platforms, speculators will have the opportunity to trade cryptocurrencies on the same user interface without paying a single fee. Better than that, Digitex will offer a trading environment that’s suitable for both experienced and novice traders.

Learn to Trade Futures

In an attempt to help novice traders learn how to buy futures and how to trade futures, Digitex has teamed up with some of the best traders and educators in the crypto space. They will provide invaluable resources, tips, and tricks on how to trade futures.

Let’s review these educational resources as well as some additional references to help traders and speculators navigate the world of futures trading.

Educational Resources for Novice Futures Traders
ReadySetCrypto

ReadySetCrypto offers one of the most educational and informative cryptocurrency channels on YouTube. Founded in 2017 by a father-and-son team, the company’s primary objective is to teach crypto enthusiasts the proper way to analyze and trade cryptocurrencies.

The team provides its subscribers with high-quality educational material on how to successfully conquer the world of crypto speculation.

They offer real-time daily market updates, a daily newsletter, daily videos, specific trade ideas and market analysis, as well as access to the firm’s Mastermind Group.

The Mastermind Group is one of their most popular products. It consists of a group of well-educated crypto experts and professionals who discuss the latest trends in the world of digital currencies. For more information on ReadySetCrypto, visit the company’s website.

Lion Asset Management

Lion Asset Management has teamed up with Digitex Futures to create Digitex trading seminars. The trading seminars are designed to teach traders to apply profitable crypto trading strategies. Lion Asset Management has a rich history of teaching its students to become successful traders and speculators.

The firm initially operated exclusively in the foreign currency markets beginning in 2002. In 2017, they added cryptocurrencies to their trading seminars.

Specifically, Lion Asset Management will present live trading sessions using technical analysis to teach students how to successfully navigate the world of crypto speculation. The seminars will be tailored to meet the specific demands of crypto traders using the Digitex trading platform.

The firm will provide seminar attendees with specific technical indicators to create automated trading portfolios which can be used on the Digitex platform. For more information, visit the Lion Asset Management website.

Barchart

Barchart is one of the most popular websites for traders and speculators among all different asset classes. This includes stocks, trade futures, precious metals, foreign currency, and crypto.

Barchart has a very long and prestigious history in the financial data industry. The company was founded in 1934, as a subsidiary of Commodity Research Bureau. Today, the company has one of the most recognizable brands throughout the financial services industry.

Barchart offers an incredible amount of 100% FREE technical indicators, graphs, charts, tools, financial data and technical studies. This information allows traders to perform various tests and studies based on over 100 different indicators.

Barchart has data reaching back to the 1950s. Therefore, the website will allow users to test various trading strategies over the course of the past 60+ years. For those traders who prefer more detailed research along with real-time quotes, Barchart also offers monthly subscriptions. A good place to start is by visiting the company’s website.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Factor Trading Service

Arguably, Peter L Brandt will be included as one of the greatest commodity traders of the past 100 years. Brandt’s trading career began in Chicago in the mid-1970s. His trading style is based purely on repetitive chart patterns and formations. Based on audited performance results, Brandt has managed to generate an annual return of over 40% per year for the past three decades!

Brandt offers the Factor Trading Service, which allows subscribers to follow his trading methodology through webinars, private blog posts, and online tutorials. Peter is very generous with his time. For those traders who prefer not to pay for a subscription, Brandt offers a tremendous amount of free information on his Twitter page.

Futures Truth

Futures Truth operates a rather unique business. The company does not offer trading seminars, newsletters or webinars. Instead, Futures Truth specializes in tracking the performance results of publicly available trading systems.

System developers submit their trading systems to Futures Truth in order to test the performance. In return, Futures Truth displays the daily results of the system on the company website. For a small fee, traders can purchase a list of the performance results of all systems.

There are literally thousands of different systems available for trading stocks, futures, foreign currency, and cryptocurrencies. The overwhelming majority of these systems are worthless. Unfortunately, it’s almost impossible for the average trader to know which systems will actually generate a profit in real-time trading.

That’s why Futures Truth is such a valuable resource. It separates the winning trading systems from the losing trading systems. For more information, visit the company’s website.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Latest News

day trading futures

Day Trading Futures – All You Need to Know

Digitex Futures
Trading
• Christina Comben
March 1, 2020

With the Digitex Futures mainnet just around the corner, commission-free futures trading is closer to becoming a reality. So, if you haven’t already, it’s time that you decided on the right trading strategy for you. Many people opt for day trading futures as it can yield a solid and sustainable living. However, it’s a full-time job requiring plenty of discipline and market study. Let’s take a closer look at what day trading futures involves and whether it’s right for you.

Day Trading Futures

They may have written a book about it, but there really is no such thing as trading futures for dummies. Futures trading is anything but easy. Many traders have backgrounds in economics, math, accounting, or a similar form of higher education. However, that doesn’t mean it’s essential. Far from it, in fact. 

At Digitex Futures, we believe in lowering the barrier to futures trading to make all types of trading easier. There are plenty of trading strategies to make a living trading futures, however, day trading futures is one of the most popular. It involves the buying and selling of futures contracts, as the name suggests, within the same day.

This means that day traders don’t hold their positions open overnight. However, in the cryptocurrency market futures investing and trading is different from traditional futures markets like stocks and commodities. Cryptocurrencies never sleep. This means that day traders need to study the market and check out when the trading volume is typically higher for their chosen tokens or coins.

If you’re a day trader in Europe but there’s more price action when the west coast of the U.S. is waking up, you may find it more lucrative to make a living trading futures during your night-time hours. If that’s the case, you’ll need to learn how to use trading bots to work for you and be sure to have the correct stop and limit orders in place to close your position at your acceptable price to insulate against losses or maximize gains.

Manual vs Bot Futures Trading

Not every trader likes to use bots to enhance their trading strategy. That’s because bots still need continued monitoring, and it may take a while to master using them to ensure you don’t get poor results. While bots give you more flexibility about how and when you trade and minimalize human emotions at the same time, mechanical failures can still happen.

If you prefer to trade manually and make profits from even the smallest of fluctuations in price, your trades will vary in duration. They can be very short-term (known as scalping) at just seconds or minutes at a time, or last for several hours. Day traders need to build up experience, knowledge, and discipline to be successful and make a living trading futures.

Advantages of Day Trading Futures

Take a bird’s eye view of the cryptocurrency market and futures investing and trading can seem incredibly daunting. That’s because this market is typically more volatile than other assets. There is the potential to make enormous gains, but also major losses as well.

Just as there’s no such thing as trading futures for dummies, there’s nothing simple about making the right calls in the cryptocurrency market. All the analysis may tell you the trend is going down, but you can still get caught out on a short position if the market swings up unexpectedly (and vice versa).

That said, there are plenty of advantages to day trading futures. One of which is that, once you master the technique, you can make a living trading futures without having to work for anyone else. Moreover, if you like to trade manually, once your positions are closed for the day, you’re free to head out for dinner, relax, and take a break from the markets without worrying about open positions and the markets going the wrong way.

Day trading is usually less risky than position trading or trend trading since day traders don’t have the same lengthy open positions and aren’t exposed to as much price volatility. Traders entering long-duration short or long positions can expose themselves to extreme risk which can lead to them having their positions liquidated.

Another plus from day trading is that it keeps you active! Day traders often make multiple trades in any given day, so there’s never a dull moment! If you want to get into day trading, you’ll learn the ins and outs of it much faster and gain knowledge quicker because you’ll be placing so many more trades. 

Disadvantages of Day Trading Futures

Day trading futures is a full-time job, so you can’t expect to be successful at day trading if you have another job already or other time commitments. You also need to have a specific type of personality to be good at it. This includes strong discipline and the ability to control your emotions. There will always be the temptation to make marginal trades and to overtrade when you’re in a market of futures investing and trading crypto assets.

Another huge drawback when it comes to day trading (especially very short-term trading like scalping) is that commission fees can add up very quickly and eat into your profits. What may have been a winning day can often end up with you breaking even–or even making a loss. This means that many people who want to make a living day trading futures are unable to right now.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Day Trading Futures on the Digitex Exchange

Those of you familiar with our CEO Adam Todd’s story will know that, as a pit trader in London, commission fees were the bane of his life. He traded futures as a short-term scalper, looking to build up small profits over time from very fast, aggressive trading. He often found that profitable days were ruined by hefty commissions.

Adam dreamed of being able to create a trading environment in which commission fees were no longer an issue; hence the birth of Digitex Futures. We’ll be taking the cryptocurrency futures market by storm upon launch by removing the commissions and allowing short-term active traders to finally make a living trading futures sustainably.

By using a very different model from other exchanges in the market of futures investing and trading, all traders will trade on Digitex using our native DGTX token. This increases the demand for DGTX and has a direct correlation on its value. 

Instead of charging commissions on trades, our revenue model of token issuance means that we will fund the operational costs of running an exchange in a different way–in three stages.

The first stage of funding was our sell-out ICO in 2018, that closed in just 17 minutes raising around $5.3 million of ETH. The second stage is our ongoing token sale, the Digitex Treasury, which will run for two and a half years. We locked up 10% of our initial supply of DGTX (100 million) and assigned it to a smart contract to release 10 million tokens every quarter during this time.

The third stage of funding is token minting. This will be decided upon by the Digitex trading community and voted on from 2022 onwards.

Make a Living Trading Futures

While many traders point out that token minting will have an inflationary effect on the token price, we’re confident that it’s a better way of funding the exchange than charging commission fees. Moreover, the potential slight drop in token price will be offset by new traders attracted to liquid markets with tight bid/ask spreads. 

For the first time in history, short-term scalpers and day traders will be able to make a living trading futures without worrying about losing profits to commissions. They can build up small winnings over time.

Moreover, with our market makers actually programmed to lose money, traders of all stripes will be attracted to the high liquidity of the exchange. They can target these market maker losses and create strategies aimed at them.

Finally, retail traders can trade crypto futures and actually make money on an exchange whose interests are aligned with its traders. We want to see more and more successful traders in our exchange. We won’t trade against them for profit like BitMEX. We won’t siphon liquidity out of the pool in the form of commissions, and we won’t be incentivized to liquidate positions to grow our insurance fund.

Wrapping It Up

The futures industry is on a tear right now. Global contracts traded smashed all records last year. BitMEX and CME both hit new all-time highs, even Binance and Bakkt came into the space. However, every one of our competitors uses the same fee-charging model that doesn’t allow for short-term scalping.

Digitex will be a breath of fresh air for traders both novice and experienced because we will allow for all types of trading on a highly liquid exchange. We’re opening up this industry and allowing new types of people to come in. Get ready for zero-fee trading, we’re on the verge of starting a revolution.

Do you want to stock up on DGTX tokens ahead of the mainnet launch on April 27? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
March 1, 2020
Digitex Futures
Trading

Day Trading Futures – All You Need to Know

Christina Comben
day trading futures

With the Digitex Futures mainnet just around the corner, commission-free futures trading is closer to becoming a reality. So, if you haven’t already, it’s time that you decided on the right trading strategy for you. Many people opt for day trading futures as it can yield a solid and sustainable living. However, it’s a full-time job requiring plenty of discipline and market study. Let’s take a closer look at what day trading futures involves and whether it’s right for you.

Day Trading Futures

They may have written a book about it, but there really is no such thing as trading futures for dummies. Futures trading is anything but easy. Many traders have backgrounds in economics, math, accounting, or a similar form of higher education. However, that doesn’t mean it’s essential. Far from it, in fact. 

At Digitex Futures, we believe in lowering the barrier to futures trading to make all types of trading easier. There are plenty of trading strategies to make a living trading futures, however, day trading futures is one of the most popular. It involves the buying and selling of futures contracts, as the name suggests, within the same day.

This means that day traders don’t hold their positions open overnight. However, in the cryptocurrency market futures investing and trading is different from traditional futures markets like stocks and commodities. Cryptocurrencies never sleep. This means that day traders need to study the market and check out when the trading volume is typically higher for their chosen tokens or coins.

If you’re a day trader in Europe but there’s more price action when the west coast of the U.S. is waking up, you may find it more lucrative to make a living trading futures during your night-time hours. If that’s the case, you’ll need to learn how to use trading bots to work for you and be sure to have the correct stop and limit orders in place to close your position at your acceptable price to insulate against losses or maximize gains.

Manual vs Bot Futures Trading

Not every trader likes to use bots to enhance their trading strategy. That’s because bots still need continued monitoring, and it may take a while to master using them to ensure you don’t get poor results. While bots give you more flexibility about how and when you trade and minimalize human emotions at the same time, mechanical failures can still happen.

If you prefer to trade manually and make profits from even the smallest of fluctuations in price, your trades will vary in duration. They can be very short-term (known as scalping) at just seconds or minutes at a time, or last for several hours. Day traders need to build up experience, knowledge, and discipline to be successful and make a living trading futures.

Advantages of Day Trading Futures

Take a bird’s eye view of the cryptocurrency market and futures investing and trading can seem incredibly daunting. That’s because this market is typically more volatile than other assets. There is the potential to make enormous gains, but also major losses as well.

Just as there’s no such thing as trading futures for dummies, there’s nothing simple about making the right calls in the cryptocurrency market. All the analysis may tell you the trend is going down, but you can still get caught out on a short position if the market swings up unexpectedly (and vice versa).

That said, there are plenty of advantages to day trading futures. One of which is that, once you master the technique, you can make a living trading futures without having to work for anyone else. Moreover, if you like to trade manually, once your positions are closed for the day, you’re free to head out for dinner, relax, and take a break from the markets without worrying about open positions and the markets going the wrong way.

Day trading is usually less risky than position trading or trend trading since day traders don’t have the same lengthy open positions and aren’t exposed to as much price volatility. Traders entering long-duration short or long positions can expose themselves to extreme risk which can lead to them having their positions liquidated.

Another plus from day trading is that it keeps you active! Day traders often make multiple trades in any given day, so there’s never a dull moment! If you want to get into day trading, you’ll learn the ins and outs of it much faster and gain knowledge quicker because you’ll be placing so many more trades. 

Disadvantages of Day Trading Futures

Day trading futures is a full-time job, so you can’t expect to be successful at day trading if you have another job already or other time commitments. You also need to have a specific type of personality to be good at it. This includes strong discipline and the ability to control your emotions. There will always be the temptation to make marginal trades and to overtrade when you’re in a market of futures investing and trading crypto assets.

Another huge drawback when it comes to day trading (especially very short-term trading like scalping) is that commission fees can add up very quickly and eat into your profits. What may have been a winning day can often end up with you breaking even–or even making a loss. This means that many people who want to make a living day trading futures are unable to right now.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Day Trading Futures on the Digitex Exchange

Those of you familiar with our CEO Adam Todd’s story will know that, as a pit trader in London, commission fees were the bane of his life. He traded futures as a short-term scalper, looking to build up small profits over time from very fast, aggressive trading. He often found that profitable days were ruined by hefty commissions.

Adam dreamed of being able to create a trading environment in which commission fees were no longer an issue; hence the birth of Digitex Futures. We’ll be taking the cryptocurrency futures market by storm upon launch by removing the commissions and allowing short-term active traders to finally make a living trading futures sustainably.

By using a very different model from other exchanges in the market of futures investing and trading, all traders will trade on Digitex using our native DGTX token. This increases the demand for DGTX and has a direct correlation on its value. 

Instead of charging commissions on trades, our revenue model of token issuance means that we will fund the operational costs of running an exchange in a different way–in three stages.

The first stage of funding was our sell-out ICO in 2018, that closed in just 17 minutes raising around $5.3 million of ETH. The second stage is our ongoing token sale, the Digitex Treasury, which will run for two and a half years. We locked up 10% of our initial supply of DGTX (100 million) and assigned it to a smart contract to release 10 million tokens every quarter during this time.

The third stage of funding is token minting. This will be decided upon by the Digitex trading community and voted on from 2022 onwards.

Make a Living Trading Futures

While many traders point out that token minting will have an inflationary effect on the token price, we’re confident that it’s a better way of funding the exchange than charging commission fees. Moreover, the potential slight drop in token price will be offset by new traders attracted to liquid markets with tight bid/ask spreads. 

For the first time in history, short-term scalpers and day traders will be able to make a living trading futures without worrying about losing profits to commissions. They can build up small winnings over time.

Moreover, with our market makers actually programmed to lose money, traders of all stripes will be attracted to the high liquidity of the exchange. They can target these market maker losses and create strategies aimed at them.

Finally, retail traders can trade crypto futures and actually make money on an exchange whose interests are aligned with its traders. We want to see more and more successful traders in our exchange. We won’t trade against them for profit like BitMEX. We won’t siphon liquidity out of the pool in the form of commissions, and we won’t be incentivized to liquidate positions to grow our insurance fund.

Wrapping It Up

The futures industry is on a tear right now. Global contracts traded smashed all records last year. BitMEX and CME both hit new all-time highs, even Binance and Bakkt came into the space. However, every one of our competitors uses the same fee-charging model that doesn’t allow for short-term scalping.

Digitex will be a breath of fresh air for traders both novice and experienced because we will allow for all types of trading on a highly liquid exchange. We’re opening up this industry and allowing new types of people to come in. Get ready for zero-fee trading, we’re on the verge of starting a revolution.

Do you want to stock up on DGTX tokens ahead of the mainnet launch on April 27? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

Trading Strategies

A Look at the Best Crypto Trading Strategies

Digitex Futures
Trading
• Dave Reiter
February 11, 2020

In the world of trading and investing, there are two different methods for speculating across all asset classes. Speculators are divided into one of the following categories: fundamental analysis or technical analysis. Let’s examine each category and consider how they can be used to develop futures trading strategies that work.

Fundamental Analysis vs Technical Analysis

Fundamental analysis is most widely used among stock market traders, particularly those who invest in individual stocks. This particular method focuses on earnings per share (EPS), price-to-earnings (P/E) ratio, dividend yield, and debt-to-equity ratio.

The main objective of fundamental analysis is to determine the intrinsic value of the individual stock. If the price of the stock is trading below its intrinsic value, an investor may want to buy the stock.

Investors use fundamental analysis with other asset classes such as bonds, commodities, and alternative investments. Regardless of the asset class, the objective is always the same — to determine the intrinsic value of the underlying asset.

If the asset is trading below its intrinsic value, the investor would be inclined to buy the security based on the fact that it’s undervalued. This can be a foundation of day trading futures strategies.

Technical analysis uses a completely different method. It’s a trading approach designed to evaluate investment flows and trading opportunities by analyzing statistical trends.

These statistical trends are gathered from various trading activities, most notably price movement and volume. Technical analysis makes no effort to determine intrinsic value. Instead, it focuses on patterns derived from price movements and charting tools. These tools are used to appraise the strength or weakness of the underlying security or asset class and determine the day trading strategies for cryptocurrency or other assets.

Although technical analysis can be used with any asset class, it is most widely used among currency and commodity traders. Why?

Because historical research suggests that currencies and commodities generate much better performance results when traders use trend-following tools commonly found in technical analysis to develop their day trading futures strategies.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Cryptocurrencies Work Best With Technical Analysis

Although cryptocurrencies have only been in existence for 10 years, technical analysis has proven to generate good crypto trading strategies and a better trading experience versus fundamental analysis.

Given the dramatic price fluctuations within the crypto universe, it’s virtually impossible to accurately determine the intrinsic value of any cryptocurrency, including Bitcoin. Therefore, it’s impractical to apply fundamental analysis if the intrinsic value is unavailable. The best futures trading strategies for crypto incorporate technical indicators.

Cryptocurrencies behave in a similar manner to commodities and foreign currencies (forex). Therefore, using technical indicators is the best course of action. There are hundreds of different technical indicators. Consequently, it can be rather difficult to select the best indicators when developing your day trading cryptocurrency strategy. Some simply work better than others.

Let’s review a few of the indicators that have yielded decent results trading cryptocurrencies. We’ll use Bitcoin in our examples, but keep in mind that the best crypto trading strategy advice can usually be used for any coin.

Pay Attention to Volume

Volume can provide several clues to the underlying strength or weakness of the market. It can give early warning signs concerning a possible change in trend. Many traders don’t pay attention to volume when developing their crypto trading strategies. However, this is a mistake. Why? Because volume provides a “snapshot” picture of how many traders are actually establishing positions at various price levels.

The best way to use this indicator to develop a day trading cryptocurrency strategy is to compare and contrast the daily volume on a big up day or a big down day. If a bullish breakout is not confirmed by record volume, it’s probably a false breakout.

Additionally, if a bearish breakout is not confirmed by record volume, the most likely outcome is also a false breakout. Let’s take a look at a perfect example of a false breakout generated in Sept 2018.

As you can see from the table above, Bitcoin generated a bullish breakout @ 7357 on September 4, 2018. However, the volume was incredibly weak @ 53,273 contracts.

This turned out to be a false breakout. The price of BTC quickly rolled over to the downside. In fact, during the following six months or so, BTC was never able to trade above 7357. Traders with great Bitcoin strategies who followed the volume indicator on September 4, were able to cut their losses very quickly.

The volume indicator produced another signal on November 20, 2018. A sell signal occurred @ 4791 on extremely heavy volume of 299,188 contracts. This was a valid signal because a new low occurred on record volume. Traders who shorted BTC @ 4791 enjoyed a very profitable trade. The volume indicator worked incredibly well on this particular trade.

A third signal occurred on December 17, 2018. The volume indicator initiated a sell signal @ 3203. However, the sell signal was not matched by record volume. Therefore, this trade resulted in a false breakout to the downside.

You will notice that Bitcoin never fell below the low achieved on December 17 @ 3158. The low was not confirmed by heavy volume. This is known as a bullish divergence. Consequently, there is a decent chance that 3158 may have marked the final bottom in the Bitcoin bear market.

As you can see, volume is a very useful tool in the world of technical analysis. You should always pay attention to volume when developing Bitcoin trading strategies as it has the potential to generate very profitable trades. More importantly, it can identify false breakouts, which will allow you to cut your losses very quickly. Don’t ignore volume!

Basing Your Bitcoin Trading Strategies on Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The oscillator fluctuates between 0 and 100. RSI is a fairly popular indicator which can be found on many financial websites and in day trading strategies for cryptocurrency.

Typically, traders use RSI to determine if a market is overbought or oversold. The general belief is that a market becomes overbought when RSI exceeds 70. Conversely, a market becomes oversold when RSI drops below 30. This particular strategy doesn’t work very well in the real world. Markets can remain overbought or oversold for extended periods of time. As a result, RSI tends to generate many false signals.

Based on historical research, a more appropriate way to apply RSI is to use it as a confirmation indicator. For example, if Bitcoin is making a new high, RSI should also be making a new high in order to confirm the strength of Bitcoin’s breakout into new territory.

If Bitcoin is making a new low, RSI should also be making a new low in order to confirm the strength of Bitcoin’s breakout into new territory.

The table above displays a bearish breakout on June 25, 2018, @ 6035. RSI did not generate a new low along with the BTC price low. Therefore, this is a false breakout based on the RSI indicator. Traders who followed the RSI indicator were able to avoid a losing trade by ignoring the sell signal and waiting for the best market to trade cryptocurrency.

The same outcome occurred on July 25 and December 17. BTC generated a breakout based on its price level. However, RSI did not confirm the breakout. Traders who followed the RSI indicator were able to avoid a losing trade by ignoring the buy signal on July 25, and ignoring the sell signal on December 17.

The RSI indicator works remarkably well at confirming bullish and bearish breakouts. Traders who have the discipline to follow this indicator will save money by ignoring the trades that are not validated by a new RSI breakout.

Don’t Ignore Money Flow

The Money Flow Index (MFI) is a momentum indicator that measures the inflow and outflow of money into a security over a specific period of time. It uses price and volume to calculate trading pressure. Arguably, MFI is the surest way to determine the amount of money entering and leaving a particular security or market and if you’re looking to develop the best crypto trading strategy, you can’t ignore MFI.

Similar to RSI, the index fluctuates between 0 and 100. In terms of Bitcoin, the best way to apply MFI for great Bitcoin strategies is to use it as a validation tool. For example, if Bitcoin is making a new high, MFI should also be making a new high in order to confirm the strength of Bitcoin’s breakout into new territory.

If Bitcoin is making a new low, MFI should also be making a new low in order to confirm the strength of Bitcoin’s breakout into new territory.

MFI confirmed the bullish breakout on October 10, 2017, and December 1, 2017. MFI did a great job of invalidating the breakout on December 18, 2017. Additionally, MFI invalidated the bearish breakout on December 22, 2017.

The Money Flow Indicator performed exceptionally well as a day trading cryptocurrency strategy in late-2017, during the most volatile time period in the history of Bitcoin.

True Range Breakout (TRABOS)

The true range breakout indicator (TRABOS) is designed to capture short-term price fluctuations across all asset classes. It generates several buy/sell signals in comparison to most other indicators. For those who enjoy active crypto trading strategies, TRABOS will be very appealing to your aggressive style of trading. It can also be applied to day trading futures strategies, as day trading also requires a certain amount of aggression

The most attractive aspect of TRABOS is based on the fact that it rarely misses a big move. Why? Because trading signals are calculated on a daily basis. Therefore, the indicator is constantly searching for profitable trading opportunities. See below.

Note: A sell signal was generated @ 6192 on November 14, 2018.

The trading rules for TRABOS are rather simple. You can find them below:

1.Calculate the true range (daily high minus daily low).

2. Buy signal is the closing price plus the true range.

3. Sell signal is the closing price minus the true range.

4. If long, the profit target is the daily high on the day of entry.

5. If long, the protective stop is the low on the day of entry.

6. If short, the profit target is the daily low on the day of entry.

7. If short, the protective stop is the high on the day of entry.

As you can see from the table, no signal was generated on November 13. However, a sell signal was generated on November 14, @ 6192. This turned out to be a very profitable trade because BTC experienced a substantial decline on November 14. The profit target was achieved on November 15 @ 5225.

After the trade has been completed, simply calculate a new buy/sell signal for the next day. TRABOS creates 2 to 3 trades per week. The “key” to success is to consistently take every trade for an extended period of time.

TRABOS would be a great indicator to use on the Digitex Futures platform. Why? Because TRABOS generates a large number of buy/sell signals. As Digitex is 100% commission-free, it could be considered the best market to trade cryptocurrency. Trading on Digitex will dramatically reduce the cost of trading aggressive systems like TRABOS. If you’re looking to develop futures trading strategies that work, consider paying attention to TRABOS.

Trading Strategies – Wrapping It Up

These four indicators are certainly not perfect. However, taken as a group, they provide an excellent approach to trading cryptocurrencies. Successful crypto trading is certainly possible. However, it requires patience, discipline, and a handful of reliable indicators. The indicators are the easy part. The hard part is having the patience, discipline, and dedication.

Developing the best futures trading strategies will take more than just knowledge of these indicators, but they’re a good place to start.

Personal Observations

I’ve been trading commodities for three decades. In 2016, I began trading cryptocurrencies. Throughout my trading career, I’ve used technical analysis 100% of the time and have found it to be integral to developing the best crypto trading strategy.

Based on my trading results, I’m convinced that certain price patterns are repetitive in nature. I believe in the notion that past trading activity and price movements are valuable indicators of future price direction. I’m also convinced that technical analysis will generate superior results, particularly if the technical indicators are trend-following in nature.

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

February 11, 2020
Digitex Futures
Trading

A Look at the Best Crypto Trading Strategies

Dave Reiter
Trading Strategies

In the world of trading and investing, there are two different methods for speculating across all asset classes. Speculators are divided into one of the following categories: fundamental analysis or technical analysis. Let’s examine each category and consider how they can be used to develop futures trading strategies that work.

Fundamental Analysis vs Technical Analysis

Fundamental analysis is most widely used among stock market traders, particularly those who invest in individual stocks. This particular method focuses on earnings per share (EPS), price-to-earnings (P/E) ratio, dividend yield, and debt-to-equity ratio.

The main objective of fundamental analysis is to determine the intrinsic value of the individual stock. If the price of the stock is trading below its intrinsic value, an investor may want to buy the stock.

Investors use fundamental analysis with other asset classes such as bonds, commodities, and alternative investments. Regardless of the asset class, the objective is always the same — to determine the intrinsic value of the underlying asset.

If the asset is trading below its intrinsic value, the investor would be inclined to buy the security based on the fact that it’s undervalued. This can be a foundation of day trading futures strategies.

Technical analysis uses a completely different method. It’s a trading approach designed to evaluate investment flows and trading opportunities by analyzing statistical trends.

These statistical trends are gathered from various trading activities, most notably price movement and volume. Technical analysis makes no effort to determine intrinsic value. Instead, it focuses on patterns derived from price movements and charting tools. These tools are used to appraise the strength or weakness of the underlying security or asset class and determine the day trading strategies for cryptocurrency or other assets.

Although technical analysis can be used with any asset class, it is most widely used among currency and commodity traders. Why?

Because historical research suggests that currencies and commodities generate much better performance results when traders use trend-following tools commonly found in technical analysis to develop their day trading futures strategies.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Cryptocurrencies Work Best With Technical Analysis

Although cryptocurrencies have only been in existence for 10 years, technical analysis has proven to generate good crypto trading strategies and a better trading experience versus fundamental analysis.

Given the dramatic price fluctuations within the crypto universe, it’s virtually impossible to accurately determine the intrinsic value of any cryptocurrency, including Bitcoin. Therefore, it’s impractical to apply fundamental analysis if the intrinsic value is unavailable. The best futures trading strategies for crypto incorporate technical indicators.

Cryptocurrencies behave in a similar manner to commodities and foreign currencies (forex). Therefore, using technical indicators is the best course of action. There are hundreds of different technical indicators. Consequently, it can be rather difficult to select the best indicators when developing your day trading cryptocurrency strategy. Some simply work better than others.

Let’s review a few of the indicators that have yielded decent results trading cryptocurrencies. We’ll use Bitcoin in our examples, but keep in mind that the best crypto trading strategy advice can usually be used for any coin.

Pay Attention to Volume

Volume can provide several clues to the underlying strength or weakness of the market. It can give early warning signs concerning a possible change in trend. Many traders don’t pay attention to volume when developing their crypto trading strategies. However, this is a mistake. Why? Because volume provides a “snapshot” picture of how many traders are actually establishing positions at various price levels.

The best way to use this indicator to develop a day trading cryptocurrency strategy is to compare and contrast the daily volume on a big up day or a big down day. If a bullish breakout is not confirmed by record volume, it’s probably a false breakout.

Additionally, if a bearish breakout is not confirmed by record volume, the most likely outcome is also a false breakout. Let’s take a look at a perfect example of a false breakout generated in Sept 2018.

As you can see from the table above, Bitcoin generated a bullish breakout @ 7357 on September 4, 2018. However, the volume was incredibly weak @ 53,273 contracts.

This turned out to be a false breakout. The price of BTC quickly rolled over to the downside. In fact, during the following six months or so, BTC was never able to trade above 7357. Traders with great Bitcoin strategies who followed the volume indicator on September 4, were able to cut their losses very quickly.

The volume indicator produced another signal on November 20, 2018. A sell signal occurred @ 4791 on extremely heavy volume of 299,188 contracts. This was a valid signal because a new low occurred on record volume. Traders who shorted BTC @ 4791 enjoyed a very profitable trade. The volume indicator worked incredibly well on this particular trade.

A third signal occurred on December 17, 2018. The volume indicator initiated a sell signal @ 3203. However, the sell signal was not matched by record volume. Therefore, this trade resulted in a false breakout to the downside.

You will notice that Bitcoin never fell below the low achieved on December 17 @ 3158. The low was not confirmed by heavy volume. This is known as a bullish divergence. Consequently, there is a decent chance that 3158 may have marked the final bottom in the Bitcoin bear market.

As you can see, volume is a very useful tool in the world of technical analysis. You should always pay attention to volume when developing Bitcoin trading strategies as it has the potential to generate very profitable trades. More importantly, it can identify false breakouts, which will allow you to cut your losses very quickly. Don’t ignore volume!

Basing Your Bitcoin Trading Strategies on Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The oscillator fluctuates between 0 and 100. RSI is a fairly popular indicator which can be found on many financial websites and in day trading strategies for cryptocurrency.

Typically, traders use RSI to determine if a market is overbought or oversold. The general belief is that a market becomes overbought when RSI exceeds 70. Conversely, a market becomes oversold when RSI drops below 30. This particular strategy doesn’t work very well in the real world. Markets can remain overbought or oversold for extended periods of time. As a result, RSI tends to generate many false signals.

Based on historical research, a more appropriate way to apply RSI is to use it as a confirmation indicator. For example, if Bitcoin is making a new high, RSI should also be making a new high in order to confirm the strength of Bitcoin’s breakout into new territory.

If Bitcoin is making a new low, RSI should also be making a new low in order to confirm the strength of Bitcoin’s breakout into new territory.

The table above displays a bearish breakout on June 25, 2018, @ 6035. RSI did not generate a new low along with the BTC price low. Therefore, this is a false breakout based on the RSI indicator. Traders who followed the RSI indicator were able to avoid a losing trade by ignoring the sell signal and waiting for the best market to trade cryptocurrency.

The same outcome occurred on July 25 and December 17. BTC generated a breakout based on its price level. However, RSI did not confirm the breakout. Traders who followed the RSI indicator were able to avoid a losing trade by ignoring the buy signal on July 25, and ignoring the sell signal on December 17.

The RSI indicator works remarkably well at confirming bullish and bearish breakouts. Traders who have the discipline to follow this indicator will save money by ignoring the trades that are not validated by a new RSI breakout.

Don’t Ignore Money Flow

The Money Flow Index (MFI) is a momentum indicator that measures the inflow and outflow of money into a security over a specific period of time. It uses price and volume to calculate trading pressure. Arguably, MFI is the surest way to determine the amount of money entering and leaving a particular security or market and if you’re looking to develop the best crypto trading strategy, you can’t ignore MFI.

Similar to RSI, the index fluctuates between 0 and 100. In terms of Bitcoin, the best way to apply MFI for great Bitcoin strategies is to use it as a validation tool. For example, if Bitcoin is making a new high, MFI should also be making a new high in order to confirm the strength of Bitcoin’s breakout into new territory.

If Bitcoin is making a new low, MFI should also be making a new low in order to confirm the strength of Bitcoin’s breakout into new territory.

MFI confirmed the bullish breakout on October 10, 2017, and December 1, 2017. MFI did a great job of invalidating the breakout on December 18, 2017. Additionally, MFI invalidated the bearish breakout on December 22, 2017.

The Money Flow Indicator performed exceptionally well as a day trading cryptocurrency strategy in late-2017, during the most volatile time period in the history of Bitcoin.

True Range Breakout (TRABOS)

The true range breakout indicator (TRABOS) is designed to capture short-term price fluctuations across all asset classes. It generates several buy/sell signals in comparison to most other indicators. For those who enjoy active crypto trading strategies, TRABOS will be very appealing to your aggressive style of trading. It can also be applied to day trading futures strategies, as day trading also requires a certain amount of aggression

The most attractive aspect of TRABOS is based on the fact that it rarely misses a big move. Why? Because trading signals are calculated on a daily basis. Therefore, the indicator is constantly searching for profitable trading opportunities. See below.

Note: A sell signal was generated @ 6192 on November 14, 2018.

The trading rules for TRABOS are rather simple. You can find them below:

1.Calculate the true range (daily high minus daily low).

2. Buy signal is the closing price plus the true range.

3. Sell signal is the closing price minus the true range.

4. If long, the profit target is the daily high on the day of entry.

5. If long, the protective stop is the low on the day of entry.

6. If short, the profit target is the daily low on the day of entry.

7. If short, the protective stop is the high on the day of entry.

As you can see from the table, no signal was generated on November 13. However, a sell signal was generated on November 14, @ 6192. This turned out to be a very profitable trade because BTC experienced a substantial decline on November 14. The profit target was achieved on November 15 @ 5225.

After the trade has been completed, simply calculate a new buy/sell signal for the next day. TRABOS creates 2 to 3 trades per week. The “key” to success is to consistently take every trade for an extended period of time.

TRABOS would be a great indicator to use on the Digitex Futures platform. Why? Because TRABOS generates a large number of buy/sell signals. As Digitex is 100% commission-free, it could be considered the best market to trade cryptocurrency. Trading on Digitex will dramatically reduce the cost of trading aggressive systems like TRABOS. If you’re looking to develop futures trading strategies that work, consider paying attention to TRABOS.

Trading Strategies – Wrapping It Up

These four indicators are certainly not perfect. However, taken as a group, they provide an excellent approach to trading cryptocurrencies. Successful crypto trading is certainly possible. However, it requires patience, discipline, and a handful of reliable indicators. The indicators are the easy part. The hard part is having the patience, discipline, and dedication.

Developing the best futures trading strategies will take more than just knowledge of these indicators, but they’re a good place to start.

Personal Observations

I’ve been trading commodities for three decades. In 2016, I began trading cryptocurrencies. Throughout my trading career, I’ve used technical analysis 100% of the time and have found it to be integral to developing the best crypto trading strategy.

Based on my trading results, I’m convinced that certain price patterns are repetitive in nature. I believe in the notion that past trading activity and price movements are valuable indicators of future price direction. I’m also convinced that technical analysis will generate superior results, particularly if the technical indicators are trend-following in nature.

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News