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.
— CoinCollector (@boederzeng1) April 12, 2021
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.”
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.