I can remember vividly the last and most recent bull run that happened December of 2017, like it was still yesterday, the memory lingers on in my mind as the eccentricity of what i felt when i saw xrp rise from about 50 sats to over 1,000 sats within a couple of days, i had just gotten into the crypto market then i thought , wow what an easy way to make money!, Right? yeah
Then came January 2018 when btc touched down to 15k from it's all time high of 20k ,well it was because “china banned Bitcoin” the news spread like wildfire, little did we know we were in for quite a downfall trend of the cryptocurrency market, at march 2018, the cryptocurrency market already lost about 100 billion dollars as the total market cap was ranging between 300 billion dollars.
Then i ventured into forex trading, i was quite killing it, but something baffled me about it, after all the cryptocurrency market and forex market are similar in terms of trading indicators being used, as similar trading strategy used in the forex market can be employed to be used in the cryptocurrency market and similar results will be achieved, but something struck me about the forex market, and I'm not even talking about how fast a person can be liquidated,no, not that
The uniqueness of the market, asides from the fact that the market closes on Friday and opens on Sunday, the ability to trade all Fx majors, indices via a platform is what amazed me, you see in cryptocurrency a token you might have a particular interest in may not be listed on binance, but it will be definitely listed elsewhere, meaning you'll either have to move your funds from binance to the other exchange, let's say kucoin, in order to trade that token, or look at bitmex for example, margin trade is possible on bitmex while on major exchanges such as okex, kucoin, bittrex its not possible.
This unique feature alone made it easier for users to switch between different brokers( which can be referred to as exchanges for the purpose of this content) right from within an interface without having the need to log out, this saved me time and made me not lose out on important money making factors while sitting on a trade or rather still “scalping”
Well that is about to change with the introduction of sigma, a platform developed by hydraX which enables users to trade through on all the exchanges, without having to compromise yourself or waste a precious moments switching between apps or tabs
What is HydraX??
HydraX a Singaporean based team that makes use of the latest technology in conjunction with work experience to produce tech solutions to the chain of financial service, the blockchain technology is here to stay and the revolution would not be televised, in order words the same way nokia telecoms didn't catch up or grow up with the expansion on the way mobile phones were changing is the same way a lot of people will get left behind regarding the blockchain technology, the HydraX team took it upon themselves to provide an easy access to all other cryptocurrency exchange and also track portfolio activities just from within the same platform, its name Sigma
Sigma is platform, rather still a one stop shop for all cryptocurrency traders and lovers, not just cryptocurrency readers if you are a lover of Forex just like i am, then sigma is for you
So basically users get the ability to trade cryptos, stocks indices and even fx from just one point and, that is not just it, you also get to receive all major news as well as updates while still on the platform.
Features of the sigma platform
Availability of all professional trading tools - trading tools such as rsi, stock rsi , macd and a whole lot more are available on the platform, even the most complex one are there for a person's use
Social trading - this enables user to chat with other traders, where ideas and insider information can be shared without the need of leaving the platform.
Portfolio management - with this feature you can decide to automatically let the system track the buy and sell of your portfolio sizes, without having to put it in manually, many a times have i executed a trade and forgot to input it into my portfolio, thereby making have a hard time on tracking my profit and losses, but with this feature you are literally covered.
One feature of this platform i like extremely is Arbitrage trading
Arbitrage trading is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. In other words the price of ethereum on binance might be 220$ why on poloinex it can be 225$, so imagine purchasing $10k worth of eth at $220 from binance and selling it at $225 each on poloinex, try and calculate the profit, this is one of the major advantage of having the ability to trade on different exchanges from one single point, come to think of it, if i can trade on multiple exchanges from one point why can't i do arbitrage trading?.
As at the time this article was published, Sigma platform boasts of over 5k users , as you can see numbers dont lie as this project is already proving to be a great success!
This is a whole lot of content to digest, I'm sure you gained some insights going through it, incase you might need any more information regarding it, please feel free to visit any of the links below
Sigma sign up page
You can use - lektaicrypto@gmail.com as referral email
Bitcointalk username - lektai