How To Use DIFX Trading Tools
When looking for a perfect exchange platform, an individual trader has quite a few criteria to consider. DEX or CEX? Insured? Cross-asset? Digital Financial Exchange (DIFX) aims to simplify the trading journey with its powerful hybrid trading platform. DIFX promises to solve many of the problems that present exchange platforms have by utilizing blockchain technology to create a secure, fast, and user-friendly cryptocurrency exchange and trading solution with a minimal transaction fee.
Whether you are an experienced trader or are relatively new to the crypto world, DIFX is an ideal exchange platform to trade and swap between any asset class including Forex, Commodities, Cryptocurrencies and Stock Futures. Here is a quick guide on how to make the best out of its trading tools.
How does DIFX do this?
Consider the possibility of acquiring gold with BTC or Coca-Cola shares with ETH — DIFX makes this dream a reality. Its comprehensive ecosystem was created with the mechanics of keeping numerous trade verticals in a single unified application, while solving real-world trading challenges by cross pairing between all asset groups. On top of that, DIFX has the capacity to address issues such as security, liquidity, excessive trading fees, and scalability.
So, what exactly powers a one-of-a-kind trading experience on the DIFX platform?
MetaTrader 5, a.k.a. MT5, is a multi-asset platform that employs superior tools for comprehensive price analysis and advanced algorithmic trading applications to trade Forex, Futures, and Stocks. They provide professional analysis, fundamental analysis to forecast price dynamics, and copy trading functions that can be accessed through their desktop, mobile, and web applications.
DIFX and MT5’s integration will enable traders to take advantage of even more advanced tools that will enhance the platform’s functionality. From facilitating a set of indicators that may help DIFX customers make more educated decisions to giving analytic tools that can help users estimate the performance of the assets more accurately. MT5 is the crown gem behind upgrading users’ trading experience on the platform.
How To Start Your Trading Journey on DeFi?
DIFX aspires to be a leader in a major shift in trading platforms by applying blockchain technology to a wide range of financial products, not just cryptocurrency exchanges. While the platform provides all trading possibilities with a single click, the user-friendly structure, quick exchange, 24/7 customer service, and low costs are the aspects that stand out.
Ready to start? Here is how one can initiate using trading tools on DIFX:
- Step 1: Signing up for a new DIFX account by filling in basic personal details.
- Step 2: Follow the instructions sent on the registered email to activate the account.
- Step 3: Verify KYC by simply uploading an identity document and identifying the face in front of the camera.
- Step 4: After verifying email ID and verifying KYC, log in and click on Trading Accounts to add demo and live accounts.
- Step 5: To enhance trading skills and familiarize yourself with the platform, create a demo account.
- Step 6: Unique MT5 Trading Account number is listed on the dashboard of the Trading account.
- Step 7: After practising, one can create a live account by selecting the live mode under the trading account.
- Step 8: Then, track and monitor trades on the personal dashboard.
While DIFX uses advanced trading terminals to promote flawless digital transactions, the users’ security on the platform is indisputable. As a result, the thorough KYC procedure provides a safe and secure environment based on trust and transparency.
To further improve user experience, DIFX has recently launched its mobile application that is available on both iOS and Android. The app design offers a clean, intuitive, and user-friendly interface that processes trades in just a couple of clicks.
Nevertheless, investors are exploring new methods of earning and generating passive income through decentralized digital platforms. While yield farming and staking have been the focus of attention, margin trading is gaining favor among cryptocurrency investors.
How To Make The Most of Margin Trading With DIFX?
Margin trading allows traders to leverage their positions and gain additional freedom by borrowing and investing assets from third parties. Traders can use DIFX’s application programming interface to gain significant leverage.
Since the platform allows for seamless cryptocurrency exchange, buyers and sellers can reach an agreement as quickly as possible. Furthermore, because the DIFX utility token is at the heart of the platform’s operations, it allows for faster transfers and significant trading discounts, making it popular among all types of investors.
With the integration of MT5 with DIFX’s trading tools, one of DIFX’s goals of bridging the gap between traders, people, corporations, and cross-border trading solutions has been accomplished. With such a need to fill in the present cryptocurrency industry, such integrations, in combination with a wide range of trading pairings and in-depth technical analysis, would provide consumers with unrivalled solutions.
DIFX is a hybrid model of decentralized exchange that incorporates centralized finance using blockchain technology. It is a user-friendly platform well suited for beginner and advanced traders, institutions, and investors. The company aims to promote the use of digital currencies for direct settlement between receiver and payer by eliminating intermediaries.
DIFX exchange offers several solutions, all powered by the new smart contracts v2, such as:
- User-Friendly Interface
- Dedicated Support with Multilingual AI-based query Resolution Bots
- Dedicated Cloud Servers
- Regular Security Audits to Eliminate Price Manipulation and Front Running
- Assured Price Uniformity with other Leading Exchanges
- Wide Bandwidth to Accommodate Numerous Transactions per Second
Learn more about DIFX by visiting www.difx.io