Commission-Free

Why Pay Fees When You Can Trade Commission-Free?

Digitex Futures
Trading
• admin
April 14, 2020

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

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
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

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 14, 2020
Digitex Futures
Trading

Why Pay Fees When You Can Trade Commission-Free?

admin
Commission-Free

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

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
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

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

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

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

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

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

The Road to Our Testnet Launch - Latest Development Report 1

The Road to Our Testnet Launch – Latest Development Report

Blockchain
Digitex Futures
• admin
September 6, 2019

The 15-strong team of developers at SmartDec has been leaving no stone unturned. In their previous report, we were excited to receive a launch date for the testnet. On 30 November, we’ll be opening the doors at last and onboarding thousands of traders. But it hasn’t been smooth sailing to get here. This latest update straight from Moscow describes all the challenges and issues they’ve had to overcome to reach this point.

Going through the Dublin Code

If you’re familiar with the Digitex project, you’ll know that development has been our greatest challenge. We started out with a team of programmers in Dublin with experience building systems-critical software in the telecoms industry. 
Our team worked hard and did their best. But as Adam has mentioned in several interviews, they simply didn’t have the experience to build something as challenging as a real-time futures exchange and matching engine capable of handling heavy load. However, they shared their code with SmartDec and although there were several issues with it, it still gave the new team a starting point.
If you want to read in greater depth about the technical issues SmartDec uncovered and the work they put in to ensure the system is robust and fast, check out their latest development report here. In a nutshell, our Dublin team sent SmartDec the web back-end, UI, several databases, message queue, and the futures engine itself. Some of it was functional, but much work is still to be done. 

The Work SmartDec Has Done So Far

When you take a moment to consider the many elements that building a robust, high speed and resilient futures exchange takes, it’s not surprising that we’ve hit a few roadblocks. Adam has high standards and knows what he wants. That takes a team of great minds and innovation to pull it all together. It hasn’t been easy but we’ve finally found that in SmartDec.
From adding functionality to the back end to optimizing and debugging the futures engine and building out the ladder interface, the team has been developing the exchange at lightning speed. Rather than thinking of the simplest examples and user stories, they’ve researched and implemented a full 17 user stories so far for the interface and are extensively testing them all.

Building a Back Office and Implementing the Database

The code that SmartDec received was missing a key element–the back office. The new team extensively researched the best methods for implementing this for the Digitex exchange. They did this through back to back meetings with Adam and also by consulting external third parties more familiar with the issue. 
SmartDec have decided to integrate some third party elements into our back office in order to avoid reinventing the wheel and to cut down on development time. One example of this is the integration of Zendesk. And as SmartDec mentions in their report, “Everything that is not a third party component is now in development.”
The existing database from Dublin included many unused tables. The team quickly set about optimizing the code so that it can achieve super-fast performance and optimal uptime. 

Optimizing and Refactoring The Message Queue System and Futures Engine

By optimizing the existing message queue system SmartDec have taken its capacity from 20,000 messages per second to 500,000 messages per second. And extensive refactoring of the future engine means it is now capable of handling 40,000 transactions per second. One transaction consists of order placement, matching, creating a trade and then communicating this to observers, meaning that one transaction consists of up to 4 messages. With further optimization and testing this capacity is expected to rise.

Wrapping It Up

SmartDec points out that this latest report is a collection of notes from over the summer and that since then development has moved further along. In fact, these reports are always at least 2 weeks behind where they are currently at. The team continues building all the components of the exchange together to run them as a whole–as well as testing, testing, and more testing to deliver a fast, stable, and highly resilient futures exchange.

September 6, 2019
Blockchain
Digitex Futures

The Road to Our Testnet Launch – Latest Development Report

admin
The Road to Our Testnet Launch - Latest Development Report 2

The 15-strong team of developers at SmartDec has been leaving no stone unturned. In their previous report, we were excited to receive a launch date for the testnet. On 30 November, we’ll be opening the doors at last and onboarding thousands of traders. But it hasn’t been smooth sailing to get here. This latest update straight from Moscow describes all the challenges and issues they’ve had to overcome to reach this point.

Going through the Dublin Code

If you’re familiar with the Digitex project, you’ll know that development has been our greatest challenge. We started out with a team of programmers in Dublin with experience building systems-critical software in the telecoms industry. 
Our team worked hard and did their best. But as Adam has mentioned in several interviews, they simply didn’t have the experience to build something as challenging as a real-time futures exchange and matching engine capable of handling heavy load. However, they shared their code with SmartDec and although there were several issues with it, it still gave the new team a starting point.
If you want to read in greater depth about the technical issues SmartDec uncovered and the work they put in to ensure the system is robust and fast, check out their latest development report here. In a nutshell, our Dublin team sent SmartDec the web back-end, UI, several databases, message queue, and the futures engine itself. Some of it was functional, but much work is still to be done. 

The Work SmartDec Has Done So Far

When you take a moment to consider the many elements that building a robust, high speed and resilient futures exchange takes, it’s not surprising that we’ve hit a few roadblocks. Adam has high standards and knows what he wants. That takes a team of great minds and innovation to pull it all together. It hasn’t been easy but we’ve finally found that in SmartDec.
From adding functionality to the back end to optimizing and debugging the futures engine and building out the ladder interface, the team has been developing the exchange at lightning speed. Rather than thinking of the simplest examples and user stories, they’ve researched and implemented a full 17 user stories so far for the interface and are extensively testing them all.

Building a Back Office and Implementing the Database

The code that SmartDec received was missing a key element–the back office. The new team extensively researched the best methods for implementing this for the Digitex exchange. They did this through back to back meetings with Adam and also by consulting external third parties more familiar with the issue. 
SmartDec have decided to integrate some third party elements into our back office in order to avoid reinventing the wheel and to cut down on development time. One example of this is the integration of Zendesk. And as SmartDec mentions in their report, “Everything that is not a third party component is now in development.”
The existing database from Dublin included many unused tables. The team quickly set about optimizing the code so that it can achieve super-fast performance and optimal uptime. 

Optimizing and Refactoring The Message Queue System and Futures Engine

By optimizing the existing message queue system SmartDec have taken its capacity from 20,000 messages per second to 500,000 messages per second. And extensive refactoring of the future engine means it is now capable of handling 40,000 transactions per second. One transaction consists of order placement, matching, creating a trade and then communicating this to observers, meaning that one transaction consists of up to 4 messages. With further optimization and testing this capacity is expected to rise.

Wrapping It Up

SmartDec points out that this latest report is a collection of notes from over the summer and that since then development has moved further along. In fact, these reports are always at least 2 weeks behind where they are currently at. The team continues building all the components of the exchange together to run them as a whole–as well as testing, testing, and more testing to deliver a fast, stable, and highly resilient futures exchange.

Latest News

Day Trading Strategies For Cryptocurrencies 3

Day Trading Strategies For Cryptocurrencies

Digitex Futures
Trading
• Dave Reiter
September 5, 2019

Day trading dates all the way back to the 1860s although the practice took a major leap forward with the formation of the NASDAQ in 1971 which allowed for rapid dissemination of stock quotes between the exchange, the broker, and the customer. It has become more popular thanks to the rise of personal computers and the internet. Today, day trading is probably the most popular strategy in the crypto space. Let’s review a few day trading strategies for cryptocurrencies below. Continue reading

September 5, 2019
Digitex Futures
Trading

Day Trading Strategies For Cryptocurrencies

Dave Reiter
Day Trading Strategies For Cryptocurrencies 4

Day trading dates all the way back to the 1860s although the practice took a major leap forward with the formation of the NASDAQ in 1971 which allowed for rapid dissemination of stock quotes between the exchange, the broker, and the customer. It has become more popular thanks to the rise of personal computers and the internet. Today, day trading is probably the most popular strategy in the crypto space. Let’s review a few day trading strategies for cryptocurrencies below. Continue reading

Latest News

Wondering How To Buy Futures? Check Out This Quick Guide 5

Wondering How To Buy Futures? Check Out This Quick Guide

Digitex Futures
Trading
• Christina Comben
September 2, 2019

As we announced the launch of our public testnet and inch closer to opening the gates, things are starting to get real at last! You may find yourself wondering how to buy futures or indeed, what futures really are. In this article, we explain the basic concepts, how to buy futures, the types of contracts, and all you need to know to get into stock futures investing.

About Futures 

For a more in-depth overview of futures and futures trading, check out our how-to guide here. However, the basic premise is this: Think of futures contracts as agreements between two parties to trade an asset (in this case Bitcoin) for an agreed-upon price in the future. 
Trading futures has many benefits and started out as a way of allowing large companies, farmers, oil producers, etc. to hedge their commodities’ value against price fluctuations. Say an oil producer believes that the price per barrel will drop significantly in the next six months. He can enter a futures contract to sell at today’s price in six months to secure his profit. Of course, he loses out if the price rises. Trading futures is always a gamble, even more so in the cryptocurrency space.
There are many different types of futures contracts, including physically settled and cash-settled, as well as daily and monthly settled and perpetual swaps. Until Bakkt makes its entrance in September of this year with the first physically settled Bitcoin Futures market, all futures in the crypto space are cash-settled. This means that the traders pay each other the difference instead of physically delivering the underlying asset (Bitcoin). 
While some traders are looking to hedge on price, most modern futures traders are speculators looking to trade on price fluctuations and make cash profits, rather than taking custody of the underlying asset (i.e. barrels of oil, bars of gold, or even bitcoins). This would be a physically-settled contract and is more applicable to institutional space, agricultural or airline industries, for example. 

Perpetual Swaps

What are perpetual swap contracts? Perpetual swaps have no expiration date, unlike daily or monthly settled futures contracts. This makes them easier to understand for retail traders and they will be the main focus of the Digitex Futures exchange. As Adam stated in the AMA about the testnet:
“With a futures contract that may not expire for another month, there’s a premium because the spot price is further away from the contract price. Also, at settlement, there’s a need to settle the old contract and then open a new contract. Perpetual swap futures are the way forward for attracting retail traders and therefore, ensuring volume.”

Futures Markets

The futures market globally is now enormous and growing all the time according to the Futures Industry Association, with futures traded against stocks, Forex, cryptocurrencies, indices, bonds, gold, and more.
If you were asking questions like, what are stock futures, what is day trading futures, and how to buy futures, it helps to have an overview of the different types of markets first–as well as the tools that good futures traders use to magnify their profits.
You can buy futures contracts through a traditional broker or online from an abundance of sites that make trading simpler and easier, cut out intermediaries and lower costs. On the Digitex Futures exchange, you’ll be able to buy cryptocurrency futures with zero commissions on all trades–a first for both the crypto and the futures industry.
Futures traders often use tools like margin and leverage to increase their profit sizes. Borrowing funds from an exchange to take a bigger position can be risky and highly leveraged traders can get blown out in volatile markets. However, leverage does give skilled traders the chance to make a lot of money fast and greatly magnify their winnings. This is why 100x leverage has become so popular in the cryptocurrency markets.

How to Buy Futures on the Digitex Exchange

On the Digitex exchange, you can buy futures using DGTX only. This means that you’ll need to know where to buy ether, first of all, to purchase DGTX and then all your profits and losses will be denominated in DGTX.
As Adam highlighted in his AMA, you will be buying a perpetual swap contract, which will be a dollar’s worth of DGTX tokens and has no expiration date. We are still finalizing the futures contract specifications, however, they will be essentially the same as other major futures exchanges such as BitMEX and Bybit to make it easier for their traders to switch over to Digitex. We want to make it as simple as possible to create winning traders and to allow them to trade successfully. 
Skilled traders are used to trading futures for profit. It takes time and discipline, but even you’re just starting out, earning some extra income from day trading futures is certainly within your reach, especially on a platform that charges no commissions and has no mechanical edge working against you.

September 2, 2019
Digitex Futures
Trading

Wondering How To Buy Futures? Check Out This Quick Guide

Christina Comben
Wondering How To Buy Futures? Check Out This Quick Guide 6

As we announced the launch of our public testnet and inch closer to opening the gates, things are starting to get real at last! You may find yourself wondering how to buy futures or indeed, what futures really are. In this article, we explain the basic concepts, how to buy futures, the types of contracts, and all you need to know to get into stock futures investing.

About Futures 

For a more in-depth overview of futures and futures trading, check out our how-to guide here. However, the basic premise is this: Think of futures contracts as agreements between two parties to trade an asset (in this case Bitcoin) for an agreed-upon price in the future. 
Trading futures has many benefits and started out as a way of allowing large companies, farmers, oil producers, etc. to hedge their commodities’ value against price fluctuations. Say an oil producer believes that the price per barrel will drop significantly in the next six months. He can enter a futures contract to sell at today’s price in six months to secure his profit. Of course, he loses out if the price rises. Trading futures is always a gamble, even more so in the cryptocurrency space.
There are many different types of futures contracts, including physically settled and cash-settled, as well as daily and monthly settled and perpetual swaps. Until Bakkt makes its entrance in September of this year with the first physically settled Bitcoin Futures market, all futures in the crypto space are cash-settled. This means that the traders pay each other the difference instead of physically delivering the underlying asset (Bitcoin). 
While some traders are looking to hedge on price, most modern futures traders are speculators looking to trade on price fluctuations and make cash profits, rather than taking custody of the underlying asset (i.e. barrels of oil, bars of gold, or even bitcoins). This would be a physically-settled contract and is more applicable to institutional space, agricultural or airline industries, for example. 

Perpetual Swaps

What are perpetual swap contracts? Perpetual swaps have no expiration date, unlike daily or monthly settled futures contracts. This makes them easier to understand for retail traders and they will be the main focus of the Digitex Futures exchange. As Adam stated in the AMA about the testnet:
“With a futures contract that may not expire for another month, there’s a premium because the spot price is further away from the contract price. Also, at settlement, there’s a need to settle the old contract and then open a new contract. Perpetual swap futures are the way forward for attracting retail traders and therefore, ensuring volume.”

Futures Markets

The futures market globally is now enormous and growing all the time according to the Futures Industry Association, with futures traded against stocks, Forex, cryptocurrencies, indices, bonds, gold, and more.
If you were asking questions like, what are stock futures, what is day trading futures, and how to buy futures, it helps to have an overview of the different types of markets first–as well as the tools that good futures traders use to magnify their profits.
You can buy futures contracts through a traditional broker or online from an abundance of sites that make trading simpler and easier, cut out intermediaries and lower costs. On the Digitex Futures exchange, you’ll be able to buy cryptocurrency futures with zero commissions on all trades–a first for both the crypto and the futures industry.
Futures traders often use tools like margin and leverage to increase their profit sizes. Borrowing funds from an exchange to take a bigger position can be risky and highly leveraged traders can get blown out in volatile markets. However, leverage does give skilled traders the chance to make a lot of money fast and greatly magnify their winnings. This is why 100x leverage has become so popular in the cryptocurrency markets.

How to Buy Futures on the Digitex Exchange

On the Digitex exchange, you can buy futures using DGTX only. This means that you’ll need to know where to buy ether, first of all, to purchase DGTX and then all your profits and losses will be denominated in DGTX.
As Adam highlighted in his AMA, you will be buying a perpetual swap contract, which will be a dollar’s worth of DGTX tokens and has no expiration date. We are still finalizing the futures contract specifications, however, they will be essentially the same as other major futures exchanges such as BitMEX and Bybit to make it easier for their traders to switch over to Digitex. We want to make it as simple as possible to create winning traders and to allow them to trade successfully. 
Skilled traders are used to trading futures for profit. It takes time and discipline, but even you’re just starting out, earning some extra income from day trading futures is certainly within your reach, especially on a platform that charges no commissions and has no mechanical edge working against you.

Latest News

Digitex Futures Is Back on Track and Making Headlines  7

Digitex Futures Is Back on Track and Making Headlines 

Digitex Futures
• Christina Comben
August 27, 2019

At Digitex Futures, we listen to our community. We know that we’ve set your expectations high and you expect nothing but the best. We over-promised and failed to deliver in the past and that’s why we’re doing things differently this time around. Instead of a full bells-and-whistles launch, we’re going to take the time we need to deliver the beast of a zero-fee futures exchange you deserve. And it seems that our more pragmatic and product-lead approach is paying off judging by the response in the press. Check out the headlines we’ve been making since the news came out.

Digitex Futures Launch Date News in the Press

OK, so we’ll admit it, we thought our community would be more excited about the launch news, but on reflection, we know that trust has to be earned. So, while it’s true that this is a public testnet and not a full-on mainnet launch just yet, we’re still extremely happy to be reaching this point with SmartDec so quickly. 
No great platform or game-changing software has ever been launched without a substantial period of testing prior and just as Adam said in his video on Friday, “the huge thing is for the public to be getting on there, for people to see that it’s real… with the delays that we’ve had in the past, a lot of people doubt that.”
So, while we’ll be opening with one market and in test mode while we continue to fortify the engines, you can be 100 percent sure that when we reach mainnet and add the additional markets and features, this will be a killer of an exchange. 

CityAM

While the crypto press was the first to pick up on the news, Digitex has been reaching wider audiences, too. London-based general news publication CityAM featured a “Spotlight” article covering our launch. The piece tells the story of Adam’s career starting as a London pit trader. It goes on to explain how his experiences in the betting markets led him to develop a ladder trading interface called BetTrader, and ultimately funnel everything he’d learned into the development of Digitex. 
CityAM is London’s most-read financial and business newspaper, and its website has two million unique visitors per month. Our feature is on page 18 of today’s edition

ValueWalk

Investment website ValueWalk published a full feature interview with Adam, with Digitex’s 100x leverage offering as the headline. In it, he describes how his idea for Digitex came to life once he discovered Ethereum and had the idea for the DGTX tokenomic model. Even though Adam had faith in his idea from the beginning, he talks about his disbelief when the Digitex Futures ICO sailed through its hard cap in just 17 minutes. 
Adam also discusses how he expects to see more exchange adopting a provably fair matching engine like the one Digitex will offer, as blockchain could potentially perform a regulatory role in ensuring that the exchange operates in a fair and transparent way. 

CryptoBriefing

Crypto Briefing was among the first to pick up the launch news with their article Digitex Announces Testnet Launch Date For Bitcoin Futures Exchange. This writeup mentions that the testnet will be “the first step to creating” the world’s first zero-commission cryptocurrency futures trading platform. It also talks a little about DGTX tokenomics and how we can offer zero-fee trading, concluding with the fact that development is now firmly on track with SmartDec leading the charge.

CryptoSlate

CryptoSlate also ran with the news shortly afterward, posting an article entitled Futures trading platform Digitex prepares for public testnet, announces release date. The text is very matter-of-fact and simply states that we will be launching the public testnet with one market, starting with BTC/USD perpetual swap contracts. The writer also mentions the impact that zero fees and non-custodial accounts will have on the cryptocurrency futures market, which is expanding all the time as Bakkt is slated for launch next month with its physically settled Bitcoin futures contracts.

CryptoDaily

Also noticing the launch announcement was UK-based CryptoDaily in their article Digitex Announces Testnet Launch Date. The writer talks about commission-free trading and how Digitex will remove the fees from all transactions. He also mentions that this is different from all other exchanges on the market:

“Digitex is different in that it will require users to trade exclusively with Digitex Futures (DGTX) tokens”

He also goes into some depth about the Digitex one-click trading ladder interface that will also shake up the way that people trade for good–as well as the fact that we are working with the prime researchers for Ethereum’s scalability solutions to bring traders non-custodial accounts as soon as the technology is ready.

Bitcoin.com

We also picked up a mention in Bitcoin.com’s piece about “The Changing Face of Cryptocurrency Trading in 2019.” The article discusses how the cryptocurrency markets are maturing, and starting to resemble the traditional financial markets in the breadth of different products. 
It goes on to talk about some of the major players in the crypto derivatives space, such as Bybit, Huobi, and of course, Digitex. Describing Digitex as “highly anticipated” the piece mentions our zero-fee model and innovative funding mechanism using the DGTX token

Coverage in International Press 

We’re also really excited that our efforts to reach out to foreign markets are starting to pay off. Not only did Digitex make the English-speaking press, but we also got dedicated write-ups in major international publications as well. 
Some of the key ones were China’s Jinse and Bihu, the number-one Japanese crypto publication Naver, South Korea’s ETNews, CEO Magazine, and Morning News, and Mexico-based AMBCrypto Spanish.

Wrapping It Up

We’re extremely grateful to all the press who covered the launch date news and we’ll be sharing all articles with you as they come in. 
What’s the key takeaway from all of this? As Adam stated simply in the video:

“The Digitex Futures exchange is launching!” We finally have a date to work toward and all the components of our team are coming together. We’re getting closer to making commission-free trading a reality and, no matter the current reaction, that’s epic in itself.

Got questions? Adam will be hosting a live AMA at 11 am EST (4 pm CET) on Wednesday to answer any doubts or concerns. Be sure to tune in and let him hear your thoughts about the latest news and respond to your comments. Thank you for all your continued support!

August 27, 2019
Digitex Futures

Digitex Futures Is Back on Track and Making Headlines 

Christina Comben
Digitex Futures Is Back on Track and Making Headlines  8

At Digitex Futures, we listen to our community. We know that we’ve set your expectations high and you expect nothing but the best. We over-promised and failed to deliver in the past and that’s why we’re doing things differently this time around. Instead of a full bells-and-whistles launch, we’re going to take the time we need to deliver the beast of a zero-fee futures exchange you deserve. And it seems that our more pragmatic and product-lead approach is paying off judging by the response in the press. Check out the headlines we’ve been making since the news came out.

Digitex Futures Launch Date News in the Press

OK, so we’ll admit it, we thought our community would be more excited about the launch news, but on reflection, we know that trust has to be earned. So, while it’s true that this is a public testnet and not a full-on mainnet launch just yet, we’re still extremely happy to be reaching this point with SmartDec so quickly. 
No great platform or game-changing software has ever been launched without a substantial period of testing prior and just as Adam said in his video on Friday, “the huge thing is for the public to be getting on there, for people to see that it’s real… with the delays that we’ve had in the past, a lot of people doubt that.”
So, while we’ll be opening with one market and in test mode while we continue to fortify the engines, you can be 100 percent sure that when we reach mainnet and add the additional markets and features, this will be a killer of an exchange. 

CityAM

While the crypto press was the first to pick up on the news, Digitex has been reaching wider audiences, too. London-based general news publication CityAM featured a “Spotlight” article covering our launch. The piece tells the story of Adam’s career starting as a London pit trader. It goes on to explain how his experiences in the betting markets led him to develop a ladder trading interface called BetTrader, and ultimately funnel everything he’d learned into the development of Digitex. 
CityAM is London’s most-read financial and business newspaper, and its website has two million unique visitors per month. Our feature is on page 18 of today’s edition

ValueWalk

Investment website ValueWalk published a full feature interview with Adam, with Digitex’s 100x leverage offering as the headline. In it, he describes how his idea for Digitex came to life once he discovered Ethereum and had the idea for the DGTX tokenomic model. Even though Adam had faith in his idea from the beginning, he talks about his disbelief when the Digitex Futures ICO sailed through its hard cap in just 17 minutes. 
Adam also discusses how he expects to see more exchange adopting a provably fair matching engine like the one Digitex will offer, as blockchain could potentially perform a regulatory role in ensuring that the exchange operates in a fair and transparent way. 

CryptoBriefing

Crypto Briefing was among the first to pick up the launch news with their article Digitex Announces Testnet Launch Date For Bitcoin Futures Exchange. This writeup mentions that the testnet will be “the first step to creating” the world’s first zero-commission cryptocurrency futures trading platform. It also talks a little about DGTX tokenomics and how we can offer zero-fee trading, concluding with the fact that development is now firmly on track with SmartDec leading the charge.

CryptoSlate

CryptoSlate also ran with the news shortly afterward, posting an article entitled Futures trading platform Digitex prepares for public testnet, announces release date. The text is very matter-of-fact and simply states that we will be launching the public testnet with one market, starting with BTC/USD perpetual swap contracts. The writer also mentions the impact that zero fees and non-custodial accounts will have on the cryptocurrency futures market, which is expanding all the time as Bakkt is slated for launch next month with its physically settled Bitcoin futures contracts.

CryptoDaily

Also noticing the launch announcement was UK-based CryptoDaily in their article Digitex Announces Testnet Launch Date. The writer talks about commission-free trading and how Digitex will remove the fees from all transactions. He also mentions that this is different from all other exchanges on the market:

“Digitex is different in that it will require users to trade exclusively with Digitex Futures (DGTX) tokens”

He also goes into some depth about the Digitex one-click trading ladder interface that will also shake up the way that people trade for good–as well as the fact that we are working with the prime researchers for Ethereum’s scalability solutions to bring traders non-custodial accounts as soon as the technology is ready.

Bitcoin.com

We also picked up a mention in Bitcoin.com’s piece about “The Changing Face of Cryptocurrency Trading in 2019.” The article discusses how the cryptocurrency markets are maturing, and starting to resemble the traditional financial markets in the breadth of different products. 
It goes on to talk about some of the major players in the crypto derivatives space, such as Bybit, Huobi, and of course, Digitex. Describing Digitex as “highly anticipated” the piece mentions our zero-fee model and innovative funding mechanism using the DGTX token

Coverage in International Press 

We’re also really excited that our efforts to reach out to foreign markets are starting to pay off. Not only did Digitex make the English-speaking press, but we also got dedicated write-ups in major international publications as well. 
Some of the key ones were China’s Jinse and Bihu, the number-one Japanese crypto publication Naver, South Korea’s ETNews, CEO Magazine, and Morning News, and Mexico-based AMBCrypto Spanish.

Wrapping It Up

We’re extremely grateful to all the press who covered the launch date news and we’ll be sharing all articles with you as they come in. 
What’s the key takeaway from all of this? As Adam stated simply in the video:

“The Digitex Futures exchange is launching!” We finally have a date to work toward and all the components of our team are coming together. We’re getting closer to making commission-free trading a reality and, no matter the current reaction, that’s epic in itself.

Got questions? Adam will be hosting a live AMA at 11 am EST (4 pm CET) on Wednesday to answer any doubts or concerns. Be sure to tune in and let him hear your thoughts about the latest news and respond to your comments. Thank you for all your continued support!

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