Belize based crypto derivatives exchange DueDEX has announced the launch of an industry-first: The DueDEX Risk Manager™
In a trading scene filled with high leverage products, traders often experience having to do deal with high risk products being promoted to them, by exchanges looking to receive additional commission. Often, especially new traders fall victim to this trap and take on far too much leverage and are margin called out of their account balances. DueDEX’s risk manager looks to make this problem a thing of the past, and assist traders in creating profitable strategies through mitigating the inherent risk of trading cryptocurrency.
The manager works by allowing traders to quickly make adjustments to entry, stop loss, and position size/equity through “one click” configurations that automatically execute trades. For example, a trader could set the risk to only .25% risk, and a trader could take 20 trade losses in a row and only lose 5% of account equity.
The DueDEX Risk Manager™ also adds a new way to look at derivative trading – as when the manager is applied to support/resistance, it’s a lot easier for the trader to see buying and selling opportunities. This is especially important in a particularly volatile time, as COVID19 and the oil war sets shockwaves in the global trading market, impacts that are felt in alternative assets like gold and cryptocurrency.
This tool helps traders make trades that best fit their risk tolerance and profile, and when combined with technical analysis, enables traders to “visualize” their trade.
DueDEX’s CEO Bo Wang commented on what he believes this platform will bring to the table:
“This is exactly what the industry needs – more products to help users manage risk. The feedback has been sensational, and the exchange results are exceptional. DueDEX traders risk less per trade and have become more profitable since the introduction of the tool.”
He added on top of this the variety of tools and features
“User experience is everything, and we expect to add more unique features and increase access to trading tools that assist traders in profitability and risk management in the future. We believe if we continue to deliver unique and high-quality products the exchange will continue to grow and position as a market leader through 2020.”
The DueDEX Risk Manager™ was designed as a way to make margin trading more user friendly, a “safer margin trading” method if you will. As users become more familiar with the behaviors of leveraged products, the training wheels can slowly come off, allowing the user to capture more upside potential.
What separates veterans from newbies when it comes to trading is usually experience – which usually came at a pretty penny. With a tool like this, mitigating their risk and losses will help new traders make plenty of mistakes to learn from, without emptying the bank.
For those interested in trying the risk manager, sign up here within 30 seconds, and get up to a $200 trading bonus on deposit.
“Disclaimer: this is a paid for, sponsored article. DueDEX is the source of this content and is responsible for the content, and the accuracy of the content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only. The information does not constitute investment advice or an offer to invest.”