Are Traders Born or Made?
We wanted to learn a little more about our community. So we asked you guys your level of trading experience, what strategies and trading tools you use, and, most importantly, whether you think that traders are born or made. Thank you very much to the 1,600+ who took the time to respond to our survey. Here’s what we found out.
In Terms of Trading Experience
As you can see from the chart below, much of our community is quite new to the concept of trading. Some 32.1% responded that they were new to this, with 18.5% very experienced, and almost half, at 47.6%, with some experience.
This is great to know because Digitex is planning to lower the barrier for traders and make trading futures possible for anyone, whether they’re seasoned traders or beginners.
So, for those of you who feel like you want or need to know more to trade comfortably, don’t worry. You’ll get up to speed in no time and once you trade with the one-click ladder, you’ll never look back again!
Looking at Trading Technique
When we asked about your trading technique, an overwhelming majority of you prefer to trade manually, with just around 20% of you responding that you either use exclusively bots or both manual and bot trading.
Again, this is really useful information for us, and we’ll be putting out an article tomorrow about bot versus manual trading. This will give you further details about what they are and the pros and cons of both. Some of the most common bots used were Cryptohopper, Gunbot, and CryptoTrader.org.
What’s Your Trading Style?
There are plenty of different trading styles out there and we wanted to glean an idea of yours. While many of you may not have one particular style, it’s clear that day trading won out here, with some swing and scalp trading also among the results.
We’ll be exploring different trading styles in more detail later on this week, so check back here to find out what you don’t know and see what kind of style you think might suit you better.
Which Markets Do You Trade?
The really cool news for us from these responses is that, while cryptocurrencies overwhelmingly take the lion's share when it comes to trading futures markets, plenty of you also trade Forex, stocks, and other markets.
This means that when we added additional traditional futures markets to the exchange, there will already be some experience and plenty of interest. Remember, we’ll be providing plenty of educational material to fill in any gaps. That includes the low-down on traditional futures markets as well.
Are Traders Born or Made?
To really see the results of this, check out our Twitter poll below. An overwhelming 85% of you believe that traders are made. And we couldn’t agree more!
— Digitex (@DigitexFutures) February 6, 2019
While a trader must undoubtedly learn to manage their emotions and not succumb to FOMO and FUD, with patience and practice, you can learn to become a successful trader.
This is what we plan at Digitex. To help as many of you become confident traders who can make a living from trading on our exchange. We want to provide financial freedom, success, and to produce a happy community of traders that grows and grows, as the token price rises.
Many thanks for staying with us, we can’t wait to see you on the live exchange!
PS - We'll be contacting our winners this week who took part in our survey to receive the official Digitex Futures hat. Cheers!