Position Exchange

Perpetual futures have become a favored product among traders, making up more than 90% of trade volume on exchanges and the majority of open interest. To start the journey as a trader, choosing the right platform among thousands of options is an important task. Position Exchange’s Decentralized Perpetual Trading Protocol (DPTP) 2.0 is a promising project aimed at creating DeFi exchange platforms that are accessible, simple, and secure for perpetual futures trading.<h2 id="header-0">For Beginner Traders</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/34d2f905f412433f999cc616b9b15d24.png" />A beginner futures trader may want to get acclimated to the market by using a platform that focuses on:<ul><li>Educational resources and trading simulators.</li></ul>A user guide and a trading simulator provide new users with an overview and clear instructions on starting with futures trading.<ul><li>An easy-to-use platform that can be accessed from both a desktop computer and a smartphone.</li></ul>In this day and age, your futures trading platform should have a mobile app available for iOS and Android. You should have access to your account and the markets whether you’re sitting at your home trading desk, or out on the road.<ul><li>A free to low-cost trading platform</li></ul>It’s crucial to consider cost, especially if you are starting out with a limited amount of capital to trade with.<ul><li>High security</li></ul>When you’re trading, make sure that your personal and financial information is safe and secure. Dig in to find out how this platform uses precautionary procedures and what algorithm is applied to keep your money protected. You also need to check if the platform is encrypted using the highest security standards so that it is safe from hackers.<ul><li>Access to support when needed.</li></ul>When it comes to futures trading platforms, support can vary wildly. When making a decision, ensure that support is available in your language and your chosen vendor can be easily contacted through your preferred medium.<ul><li>Reputation</li></ul>The popularity of one trading platform will facilitate newcomers with helpful reviews and legitimacy measurements to avoid scams. In fact, traders often turn to large and top exchanges to begin trading.<h2 id="header-1">For Experienced Traders</h2>Veteran traders who have likely already tried numerous trading platforms and are aware of the necessary features and tools to satisfy their demands will have an easier time picking the right trading platform.Experienced traders might prefer exchange platforms with:<ul><li>Speed and reliability</li></ul>Order execution is a critical component of any trading software, with speed and reliability meaning the difference between success or failure. Additionally, the ability to accurately fill your orders provides greater control for the user when dealing in large trades.<ul><li>Direct access order routing</li></ul>A trading platform with direct market data and order routing makes it easier to be able to trade right away after your account is opened.<ul><li>Available market data</li></ul>An effective trading platform will have powerful charting, drawing tools, and all of the indicators that you need to analyze the market.<ul><li>Account details</li></ul>A trading platform that clearly displays users’ account balances, positions, and margin usage at all times is highly recommended. It’s important to understand where your account stands in real-time during market trading hours.<ul><li>Custom Strategies</li></ul>The ability to buy or sell the market with automatic profit and stop-loss orders is a must-have for most futures traders. Your trading platform should offer this tool instead of requiring you to manually place these orders.<ul><li>Frequent updates</li></ul>A platform that is regularly updated is a sign that it’s being actively developed and improved. A good trading platform developer will gather customer feedback and bring new features and tools to the software.<h2 id="header-2">Position Exchange’s Decentralized Perpetual Trading Protocol (DPTP) 2.0</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/512afc678d0042f6b5498aa20765ae7f.png" />Moreover, Position Exchange offers DPTP version 2 with Future Bridge and other improved functions to support users at our best.DPTP 2.0 arises as a workaround for the problem of transparency because it works 100% on-chain, allows users to check transactions, and gains better control of their own assets with no deposit required.DPTP facilitates users to have complete control over their money. Therefore, the risk of losing assets due to bankruptcy is effectively managed. By using the Orderbook mechanism, DPTP 2.0 helps diversifying the DeFi market and provides users with more tools to make more money with less capital.In short, Position Exchange’s DPTP 2.0 brings about:<ul><li>Lower charges compared to other current exchanges.</li><li>Creating a futures exchange that enables users to profit quickly and leverage their investment for greater gains.</li><li>Constructing an on-chain public exchange that is transparent and allows users to check all of their transactions.</li><li>Granting users the ability to place orders directly from their DeFi wallets.</li><li>100% on-chain.</li><li>The first ever to use Orderbook on EVM, making it easier for users to transact in a CEX-like experience.</li></ul>In summary, with the advantages that it offers, Position Exchange’s DPTP 2.0 will promisingly be a great choice for both newbies and expert futures trading!

Position Exchange DPTP 2.0 - Futures Trading Is Meant For Everyone

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