Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex 1

Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex

Digitex
Trading
• Digitex
May 7, 2021

Digitex is changing the lives of many traders around the world. For the first time, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by commission fees that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. Just read about this success story from Marcus who turned his 200,000 DGTX balance into 4.6 million in six months.

Quitting the 9-to-5 Lifestyle Thanks to Digitex

One of the many traders to take advantage of Digitex‘s zero-fee trading platform is Marcus. He never wanted to work for anyone else and sought an independent lifestyle, free from the worries of living from paycheck to paycheck like many of his friends. “This cycle was something I never liked for myself and wanted to break out of it,” he says.

So he started out as his own boss and began to make a decent living in network marketing. But, eventually, that got stale for Marcus, leading him to pursue forex trading. After thousands of hours spent in online trading courses and “practice, practice, and more practice,” he was able to grow his income. But it wasn’t until 2016 that he came across the Bitcoin whitepaper, marking a turning point in his professional career. 

Keeping It Simple

By employing a simple trading strategy, Marcus quickly became profitable. His goal was to capitalize on the volatility of cryptocurrencies to hit a specific target every day and step away to spend time with his family once his target was achieved. Such a methodology allowed him to book tens of thousands of dollars in profits. 

Nowadays, Marcus spends most of his time scalping on Digitex thanks to the platform’s commission-free cryptocurrency futures and spot trading features. While Digitex offers few trading pairs compared to other larger exchanges, Marcus keeps coming back for the much higher returns he makes without wasting money on commission fees. 

He says, “It’s true that at this point you most likely have a Binance or Coinbase account, but doesn’t mean you shouldn’t have a secondary account on an exchange like Digitex. It’s really one of those rare exchanges that gives you an edge you wouldn’t have on the major exchanges, and you’ll experience just as smooth a user experience… I wouldn’t be surprised if, in the near future, Digitex ends up becoming just as big.”

Trading with Zero Fees

“Trading with zero fee really changes the way one can trade. It also allows for more mistakes which is great for beginners. If you are unsure about a position, you can scratch it very easily over and over again without paying fees for it. If you do that on other exchanges, you will see your balance go down fairly quick,” he says. 

Since November 2020, Marcus has turned 200,000 DGTX tokens into 4.6 million, worth roughly $50,600. The healthy returns have allowed him to spend more time with his wife and two kids, a luxury he described as “personal freedom.” 

Staying Disciplined

Marcus believes that one of the key factors to become a profitable trader is “practice, practice, and more practice.” Anyone willing to take up this career path must be willing to sacrifice countless hours of learning and screen time. 

Going through the 1-minute timeframe to “identify chart patterns that repeat themselves over and over again” is a common practice to “get the most learning input in a short timespan,” affirmed Marcus. But before getting there, it is imperative to study chart patterns and learn how to “identify trends, draw trendlines, spot divergences, and use the Fibonacci retracement levels.”

Finding a Trading Community

Once equipped with the right tools to read and understand price charts, Marcus believes it is critical to surround yourself with traders. The idea here is to understand what they are doing and see whether their ideas fit your personal bias. 

Sooner rather than later, traders realize that in trading, not everything is about profits. Marcus emphasizes that losses also represent valuable lessons. But when incurring a loss, one must analyze “what led to the situation.” He added that losing money is “part of the process in becoming a better trader.”

Observing the Golden Rule

Finally, to achieve success as a cryptocurrency futures trader, you must always remember the golden rule: never invest more than you can afford to lose. “When you start out trading, only use funds that you really can afford to lose. It’s important to be 100% emotion-free about trading. If one gets stressed out by being a bit in drawdown while trading, then that’s the first sign that no proper risk management was applied and/or funds used that you can’t afford to lose. Avoid that,” said Marcus. 

As you can see from Marcus’ story, becoming a winning trader isn’t easy  but it is possible. With hard work, discipline, and the right attitude, you could soon enjoy financial freedom and free yourself from the 9 to 5 as well.

If you’re interested in trading cryptocurrencies and futures, you can sign up here. On Digitex, you can buy, sell, and withdraw crypto 100% zero-fee. 

May 7, 2021
Digitex
Trading

Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex

Digitex
Customer Success Story: Quitting the 9-to-5 Lifestyle Thanks to Digitex 2

Digitex is changing the lives of many traders around the world. For the first time, cryptocurrency enthusiasts can engage in highly active and short-term trades without being penalized by commission fees that make it impossible to make a profit. Anyone can now take single-tick profits and losses without any edge working against them. Just read about this success story from Marcus who turned his 200,000 DGTX balance into 4.6 million in six months.

Quitting the 9-to-5 Lifestyle Thanks to Digitex

One of the many traders to take advantage of Digitex‘s zero-fee trading platform is Marcus. He never wanted to work for anyone else and sought an independent lifestyle, free from the worries of living from paycheck to paycheck like many of his friends. “This cycle was something I never liked for myself and wanted to break out of it,” he says.

So he started out as his own boss and began to make a decent living in network marketing. But, eventually, that got stale for Marcus, leading him to pursue forex trading. After thousands of hours spent in online trading courses and “practice, practice, and more practice,” he was able to grow his income. But it wasn’t until 2016 that he came across the Bitcoin whitepaper, marking a turning point in his professional career. 

Keeping It Simple

By employing a simple trading strategy, Marcus quickly became profitable. His goal was to capitalize on the volatility of cryptocurrencies to hit a specific target every day and step away to spend time with his family once his target was achieved. Such a methodology allowed him to book tens of thousands of dollars in profits. 

Nowadays, Marcus spends most of his time scalping on Digitex thanks to the platform’s commission-free cryptocurrency futures and spot trading features. While Digitex offers few trading pairs compared to other larger exchanges, Marcus keeps coming back for the much higher returns he makes without wasting money on commission fees. 

He says, “It’s true that at this point you most likely have a Binance or Coinbase account, but doesn’t mean you shouldn’t have a secondary account on an exchange like Digitex. It’s really one of those rare exchanges that gives you an edge you wouldn’t have on the major exchanges, and you’ll experience just as smooth a user experience… I wouldn’t be surprised if, in the near future, Digitex ends up becoming just as big.”

Trading with Zero Fees

“Trading with zero fee really changes the way one can trade. It also allows for more mistakes which is great for beginners. If you are unsure about a position, you can scratch it very easily over and over again without paying fees for it. If you do that on other exchanges, you will see your balance go down fairly quick,” he says. 

Since November 2020, Marcus has turned 200,000 DGTX tokens into 4.6 million, worth roughly $50,600. The healthy returns have allowed him to spend more time with his wife and two kids, a luxury he described as “personal freedom.” 

Staying Disciplined

Marcus believes that one of the key factors to become a profitable trader is “practice, practice, and more practice.” Anyone willing to take up this career path must be willing to sacrifice countless hours of learning and screen time. 

Going through the 1-minute timeframe to “identify chart patterns that repeat themselves over and over again” is a common practice to “get the most learning input in a short timespan,” affirmed Marcus. But before getting there, it is imperative to study chart patterns and learn how to “identify trends, draw trendlines, spot divergences, and use the Fibonacci retracement levels.”

Finding a Trading Community

Once equipped with the right tools to read and understand price charts, Marcus believes it is critical to surround yourself with traders. The idea here is to understand what they are doing and see whether their ideas fit your personal bias. 

Sooner rather than later, traders realize that in trading, not everything is about profits. Marcus emphasizes that losses also represent valuable lessons. But when incurring a loss, one must analyze “what led to the situation.” He added that losing money is “part of the process in becoming a better trader.”

Observing the Golden Rule

Finally, to achieve success as a cryptocurrency futures trader, you must always remember the golden rule: never invest more than you can afford to lose. “When you start out trading, only use funds that you really can afford to lose. It’s important to be 100% emotion-free about trading. If one gets stressed out by being a bit in drawdown while trading, then that’s the first sign that no proper risk management was applied and/or funds used that you can’t afford to lose. Avoid that,” said Marcus. 

As you can see from Marcus’ story, becoming a winning trader isn’t easy  but it is possible. With hard work, discipline, and the right attitude, you could soon enjoy financial freedom and free yourself from the 9 to 5 as well.

If you’re interested in trading cryptocurrencies and futures, you can sign up here. On Digitex, you can buy, sell, and withdraw crypto 100% zero-fee. 

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digitex

The New Digitex Spot Exchange Is Live

Digitex
• Digitex
April 15, 2021

We’re thrilled to announce that, after much anticipation, the new Digitex spot exchange is officially live and open for business. Traders can now buy DGTX instantly and securely straight from our exchange without having to go to a third party platform. This will optimize the trading experience when time is of the essence, save traders from paying trading and withdrawal fees elsewhere, and streamline the new user onboarding process, among other benefits.

All in One Exchange

Our zero-fee spot markets also mean that traders on the exchange can choose to convert their earnings into stablecoin USDC if they wish without leaving the exchange. This will be especially attractive to traders with larger positions looking to avoid the volatility of holding their earnings in cryptocurrencies like DGTX. 

Another huge advantage of the spot markets is that it opens our doors to a wider net of users. Digitex is no longer just a futures exchange but a place where spot traders can place as many trades and transactions as they like without incurring a single fee. They can also withdraw their funds completely free of charge unlike any other cryptocurrency exchange on the market.

We’re starting out with six trading pairs — DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC — and will be gradually adding more according to demand. 

We’re excited about this significant upgrade to the Digitex exchange for several other reasons as well. The convenience of trading spot and futures from one universal trading wallet with no KYC requirement makes for a superlative UX, which is something, as you probably know, that our CEO Adam has always been tirelessly obsessed about!

“We want to offer our traders an experience they won’t find anywhere else. So not only have we removed ALL fees, zero trading and zero withdrawal fees, but we’ve also really improved our UX and UI on this latest release. By allowing traders to trade cryptocurrencies and futures from one universal wallet, they can interact with our markets in a faster and more convenient way,” Adam enthused. 

“The overall trading experience on Digitex is totally optimized, allowing traders to walk away with real profit. That’s what it’s all about, delivering real value to users.” 

The Evolution of Digitex

The launching of our spot markets marks the latest evolution for Digitex as we expand our user base and improve our exchange constantly — without losing sight of what makes us so special. Digitex, with its unique zero-fee model that uses the DGTX token for all interactions on the exchange, is the only platform that enables high-frequency trading strategies. With the hefty commissions on fee-charging exchanges, taking advantage of small price movements through scalping is simply impossible.

Digitex provides a true zero-fee trading experience creating the most optimal environment for traders to generate and, more importantly, keep their profits. The Digitex matching engine has been battle-hardened on live markets with thousands of real users through extreme BTC volatility since 2019 and has proved itself capable of handling over 22 billion contracts in a 24-hour period — on the crypto industry’s first and only single-click ladder interface.

“You’ve all witnessed my rollercoaster experience trying to develop this platform,” Adam said candidly. “It’s been challenging yet also extremely rewarding. One of the greatest lessons I’ve learned is that my most prized possession is the team I have now. I wouldn’t trade them in for anything. I’m really happy that we’re delivering the high-quality spot exchange at just the start of Q2, because there’s so much more to come for the remainder of the year.” 

Liquidity Mining

Our Liquidity Mining program in which we pay traders to act as market makers on our exchange, means that, in addition to making trading gains, we actually pay them while they trade. With unfilled orders, traders are lending liquidity to Digitex’s markets, and keeping our spread tight. 

In exchange for this, we take a snapshot of the order book every minute at a random time, and distribute up to 290 DGTX rewards proportionally to those traders whose unmatched orders are the closest to the spot price at that time. This amounts to a massive 417,600 DGTX paid out daily!

Currently, Digitex traders collectively make over $10,000 worth of DGTX daily through the Liquidity Mining program. Each spot market will pay traders 25 DGTX per minute, which comes to 36,000 DGTX per day per spot market, click this link to learn more about the program, and read the following article on our blog to get started with bot trading to maximize your liquidity mining rewards.

Additional Features

With the upgrade to Digitex.io, we’ll soon be adding another new feature to the exchange that allows users to instantly send crypto to any email address without paying fees. The receiving users don’t even have to have a Digitex account to receive money! 

We’re making it as simple as possible to trade, earn, and send crypto, and we’re looking forward to seeing you on the new exchange! Sign up for an account now and get started right away on the only platform built with its users’ interests in mind.

April 15, 2021
Digitex

The New Digitex Spot Exchange Is Live

Digitex
digitex

We’re thrilled to announce that, after much anticipation, the new Digitex spot exchange is officially live and open for business. Traders can now buy DGTX instantly and securely straight from our exchange without having to go to a third party platform. This will optimize the trading experience when time is of the essence, save traders from paying trading and withdrawal fees elsewhere, and streamline the new user onboarding process, among other benefits.

All in One Exchange

Our zero-fee spot markets also mean that traders on the exchange can choose to convert their earnings into stablecoin USDC if they wish without leaving the exchange. This will be especially attractive to traders with larger positions looking to avoid the volatility of holding their earnings in cryptocurrencies like DGTX. 

Another huge advantage of the spot markets is that it opens our doors to a wider net of users. Digitex is no longer just a futures exchange but a place where spot traders can place as many trades and transactions as they like without incurring a single fee. They can also withdraw their funds completely free of charge unlike any other cryptocurrency exchange on the market.

We’re starting out with six trading pairs — DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC — and will be gradually adding more according to demand. 

We’re excited about this significant upgrade to the Digitex exchange for several other reasons as well. The convenience of trading spot and futures from one universal trading wallet with no KYC requirement makes for a superlative UX, which is something, as you probably know, that our CEO Adam has always been tirelessly obsessed about!

“We want to offer our traders an experience they won’t find anywhere else. So not only have we removed ALL fees, zero trading and zero withdrawal fees, but we’ve also really improved our UX and UI on this latest release. By allowing traders to trade cryptocurrencies and futures from one universal wallet, they can interact with our markets in a faster and more convenient way,” Adam enthused. 

“The overall trading experience on Digitex is totally optimized, allowing traders to walk away with real profit. That’s what it’s all about, delivering real value to users.” 

The Evolution of Digitex

The launching of our spot markets marks the latest evolution for Digitex as we expand our user base and improve our exchange constantly — without losing sight of what makes us so special. Digitex, with its unique zero-fee model that uses the DGTX token for all interactions on the exchange, is the only platform that enables high-frequency trading strategies. With the hefty commissions on fee-charging exchanges, taking advantage of small price movements through scalping is simply impossible.

Digitex provides a true zero-fee trading experience creating the most optimal environment for traders to generate and, more importantly, keep their profits. The Digitex matching engine has been battle-hardened on live markets with thousands of real users through extreme BTC volatility since 2019 and has proved itself capable of handling over 22 billion contracts in a 24-hour period — on the crypto industry’s first and only single-click ladder interface.

“You’ve all witnessed my rollercoaster experience trying to develop this platform,” Adam said candidly. “It’s been challenging yet also extremely rewarding. One of the greatest lessons I’ve learned is that my most prized possession is the team I have now. I wouldn’t trade them in for anything. I’m really happy that we’re delivering the high-quality spot exchange at just the start of Q2, because there’s so much more to come for the remainder of the year.” 

Liquidity Mining

Our Liquidity Mining program in which we pay traders to act as market makers on our exchange, means that, in addition to making trading gains, we actually pay them while they trade. With unfilled orders, traders are lending liquidity to Digitex’s markets, and keeping our spread tight. 

In exchange for this, we take a snapshot of the order book every minute at a random time, and distribute up to 290 DGTX rewards proportionally to those traders whose unmatched orders are the closest to the spot price at that time. This amounts to a massive 417,600 DGTX paid out daily!

Currently, Digitex traders collectively make over $10,000 worth of DGTX daily through the Liquidity Mining program. Each spot market will pay traders 25 DGTX per minute, which comes to 36,000 DGTX per day per spot market, click this link to learn more about the program, and read the following article on our blog to get started with bot trading to maximize your liquidity mining rewards.

Additional Features

With the upgrade to Digitex.io, we’ll soon be adding another new feature to the exchange that allows users to instantly send crypto to any email address without paying fees. The receiving users don’t even have to have a Digitex account to receive money! 

We’re making it as simple as possible to trade, earn, and send crypto, and we’re looking forward to seeing you on the new exchange! Sign up for an account now and get started right away on the only platform built with its users’ interests in mind.

Latest News

Trade

Expert Tips: Common Practices Before Entering a Trade

Trading
• Ali Martinez
March 28, 2021

Despite the popular belief that trading is easy, the truth of the matter is that it takes a lot of practice and know-how to become a successful trader. There is a widely known statistic that says that 90% of traders are not profitable. 

So, over time, 80% of those who enter into this profession lose money, 10% usually break even, and 10% percent are able to generate returns from the price action in the markets.

For this reason, Digitex is doing everything in its power to help traders around the world reach their financial goals. This time, we want to provide you with different practices that you can employ before entering a trade to minimize losses and maximize profits.

The Power of Knowledge

First and foremost, it is very important to have a clear picture of what you are getting into. In trading as any other profession, education is what separates those who are able to reach their goals from those who do not.

It is essential for traders to not only be aware of the developments around the market and the cryptocurrency of their choice but also focus on learning something new every day. Technical indicators can provide guidance regarding what the future may hold for a given digital asset, but on-chain metrics can help identify what the so-called “market makers” are doing.

With the vast amount of data that blockchain technology provides to investors, it is important to consider diving into these metrics before entering a trade.

Protect Your Capital

People are usually optimistic and tend to discourage the potential of adverse market conditions. But with the unpredictability of the cryptocurrency market, wild price movements can be triggered at any second. Now that the market is in the midst of an extremely bullish cycle, having capital to deploy is a must.

Before going long or short on any cryptocurrency, it is critical to assess the risks that are involved. Having a good idea of where to place your stop-loss order before even thinking about the profits, is a great way to stay afloat in such a volatile market.

As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any single trade, and hedge fund managers usually risk less than this amount, according to Investopedia.

Keep Calm and Stick to Your Plan

The final and most important practice to have in mind before entering any trade is to stay relaxed and have a solid plan of action. If you were supposed to enter a trade at a certain price and you missed your entry point, don’t worry about it. A new opportunity will likely present itself in the near future.

Chasing trades is one of the best ways to put your capital at risk. Therefore, staying true to your trading plan and maintaining a solid risk management strategy will help you minimize your losses.

Remember that you don’t need to win every trade. Indeed, many traders, including 45-year trading veteran Peter Brandt, only win 50% to 60% of their trades. However, they make sure that their winning trades are bigger than what they lose by implementing stop-losses.

So before you enter into your next trade make sure to be aware of what is happening in the market, prioritize your stop-loss order over anything else, avoid trading when you’re not in the right mind frame, and keep calm.

Digitex’s zero-fee model introduces a unique opportunity to try out new scalping strategies on Bitcoin futures that wouldn’t be profitable on other exchanges. So if you’re ready to start making money on bitcoin futures whether the market goes up or down, sign up for our zero-fee trading platform now.

March 28, 2021
Trading

Expert Tips: Common Practices Before Entering a Trade

Ali Martinez
Trade

Despite the popular belief that trading is easy, the truth of the matter is that it takes a lot of practice and know-how to become a successful trader. There is a widely known statistic that says that 90% of traders are not profitable. 

So, over time, 80% of those who enter into this profession lose money, 10% usually break even, and 10% percent are able to generate returns from the price action in the markets.

For this reason, Digitex is doing everything in its power to help traders around the world reach their financial goals. This time, we want to provide you with different practices that you can employ before entering a trade to minimize losses and maximize profits.

The Power of Knowledge

First and foremost, it is very important to have a clear picture of what you are getting into. In trading as any other profession, education is what separates those who are able to reach their goals from those who do not.

It is essential for traders to not only be aware of the developments around the market and the cryptocurrency of their choice but also focus on learning something new every day. Technical indicators can provide guidance regarding what the future may hold for a given digital asset, but on-chain metrics can help identify what the so-called “market makers” are doing.

With the vast amount of data that blockchain technology provides to investors, it is important to consider diving into these metrics before entering a trade.

Protect Your Capital

People are usually optimistic and tend to discourage the potential of adverse market conditions. But with the unpredictability of the cryptocurrency market, wild price movements can be triggered at any second. Now that the market is in the midst of an extremely bullish cycle, having capital to deploy is a must.

Before going long or short on any cryptocurrency, it is critical to assess the risks that are involved. Having a good idea of where to place your stop-loss order before even thinking about the profits, is a great way to stay afloat in such a volatile market.

As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any single trade, and hedge fund managers usually risk less than this amount, according to Investopedia.

Keep Calm and Stick to Your Plan

The final and most important practice to have in mind before entering any trade is to stay relaxed and have a solid plan of action. If you were supposed to enter a trade at a certain price and you missed your entry point, don’t worry about it. A new opportunity will likely present itself in the near future.

Chasing trades is one of the best ways to put your capital at risk. Therefore, staying true to your trading plan and maintaining a solid risk management strategy will help you minimize your losses.

Remember that you don’t need to win every trade. Indeed, many traders, including 45-year trading veteran Peter Brandt, only win 50% to 60% of their trades. However, they make sure that their winning trades are bigger than what they lose by implementing stop-losses.

So before you enter into your next trade make sure to be aware of what is happening in the market, prioritize your stop-loss order over anything else, avoid trading when you’re not in the right mind frame, and keep calm.

Digitex’s zero-fee model introduces a unique opportunity to try out new scalping strategies on Bitcoin futures that wouldn’t be profitable on other exchanges. So if you’re ready to start making money on bitcoin futures whether the market goes up or down, sign up for our zero-fee trading platform now.

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