First Look at the Digitex Futures Exchange!
We know that you're dying to see the new Digitex Futures exchange. In this first-look demo of the brand-new interface, you can finally check it out! Adam (as candid as ever) put together this quick sneak peek for you after getting so many questions at the Paris Blockchain Week Summit. He was so anxious to share the latest and final build of the software with the community that he created this video for you from his hotel room--right after the closing party! Check it out.
The Digitex one-click ladder will give you lightning-fast functionality for manual trading. But the interface is also built for all types of traders. You'll get top-of-the-line charting features, the ability to set rules, and really customize your interface to your preferences.
We’ll be helping all traders to learn to make the best use of the platform through educational materials, so don’t worry if anything is new to you! As you can see from the video, some of the functions and trading metrics are pretty new to Adam as well!
The main thing you need to know is that your markets will be on the left, the traditional candlestick style chart in the center (or your preferred style of charting if you like to see it represented differently), and the Digitex ladder on the right.
You can see the price moving up and down constantly and never have to take your eyes away from the action! Time is of the essence and we make sure you never miss an order.
When you’re trading all day long, having advanced trading tools at your fingertips can greatly ease the process. The Digitex Futures exchange comes complete with the ability to create rules, speed up entry and execution, and make smarter trading choices.
As well as rapid-fire submission from the ladder interface, the Digitex platform offers you multiple order types using traditional order placements, including Market Order, Limit Order, Stop Order, and Stop Limit Order. These are essentially automated functions like trading bots that allow you to set up requests to buy or sell under specific instructions.
This means you can establish rules within the interface to reduce your manual work and ensure that the system is trading for you when you’re not at your computer so you won’t be stuck with losing positions and can sell before any dip!
Existing Orders and Positions can always be modified whenever you require. You simply need to drag and drop the corresponding elements on the chart. This is a super-fast way of changing your position to reflect the market and allows you to bypass order tickets for trading at its simplest.
The Digitex Ladder
The Digitex Ladder displays prices vertically, allowing you to see the bids and offers moving up and down the ladder. You can see the price you want to buy at on the left and the price you want to sell at on the right. And it's all reflected on the chart in the center.
One-click submission allows you to instantly react to market movements without needing to take your eyes from the price or use the keyboard. It couldn't be simpler! The BTC tick value is currently set at $1, reducing noise and unwanted movement in pricing allowing for a tight bid/offer spread.
Here are the major features at a glance:
- Price moves up and down
- Ability to visualize up and down price movements
- Submit trades instantly (one click) at any price, make or take
- See and take profit/loss in one click (one-click flatten)
- Identify gaps in the prices instantly
- Quick cancel feature
- Live volume and traded amounts
Charting & Chart Trading
As Adam mentions in the demo, thanks to the advanced features (which will take us some time to get used to!), you’ll be able to view the charts in a way that’s comfortable and completely customizable to you.
Of course, you have the traditional candlestick model, but you also have bar charts, and tick charts, to name a few. You can even take screenshots of the charts and share them easily with other traders through multiple sharing options. This makes it even simpler to get advice or discuss the latest price action with other traders before making a move.
Traders can create orders directly from the chart by right-clicking on the desired price level and selecting 'Create New Order' to proceed to the New Order menu. Alternatively, they can select Sell/Buy Limit, Buy/Sell Stop or Buy/Sell Limit to create the respective order directly on the desired price level.
We hope you liked the demo! We're super excited to finally launch our commission-free futures trading exchange to the world. It's going to be a learning curve for all of us, even long-time traders like Adam! But we'll be with you at every step of the way.
With 11 days until launch, we're in the very final stretch bug checking, working with the market makers, and making sure everything is 100 percent perfect for 30th April! So, If you're ready to start trading on Digitex, be sure to buy DGTX ahead of the launch and get ready for commission-fee trading!