Prominent trading platform Margex has recently updated its interface with two new capabilities: multi-charts and simultaneous pair viewing.
With these two new trading features, Margex users can better analyze price movements in real time and open multiple positions more efficiently. This results in a more convenient and effective trading experience, especially for investors who trade more than one cryptocurrency.
Let’s discuss what you need to know about the most recent updates to the Margex crypto derivatives exchange.
What is Multi-Chart Functionality?
Margex’s multi-chart functionality allows traders to monitor the price actions and trends of multiple cryptocurrency pairs. Up to four coins can be viewed simultaneously on one screen, and users can choose from two, three, or four coin layouts.
This latest feature opens up many new trading opportunities for Margex members. In addition to the added convenience of trading multiple pairs in one place, investors can now compare the charts of different crypto assets.
The added option of being able to hide the Order Form on the left panel also helps maximize Margex traders’ charting space and helps focus on analyzing price swings.
What are the Benefits of Simultaneous Pair Viewing?
Margex’s second new feature, simultaneous pair viewing, lets traders view several trading pairs at once, providing a broader perspective over multiple coins. This new interface functionality helps find more trading opportunities that would be harder to spot, monitoring just one price chart.
Flexibility is a key benefit of simultaneous pair viewing. Any supported crypto pair chart can be displayed and the charts don’t need to show different cryptocurrencies. For instance, a trader can display two Bitcoin price charts simultaneously with varying time frames. This customization lets the user analyze short- and long-term trends in one go.
Additionally, displaying multiple pairs simultaneously can reduce risk and make trading at Margex more usable. Now that investors can compare price movements of different crypto assets, they can wait for better trading plans should one token look more volatile than the others.
How to Maximize Your Trading Strategies on Margex
Here’s a simple guide to help you navigate through and maximize the latest Margex platform updates.
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- Optimize your trading strategy: First, identify a trading strategy, such as swing trading, arbitrage, and hedging. This also involves selecting the crypto pairs to be used.
- Use multi-chart mode: Open the Margex trading platform and select multi-chart mode using the settings option. Edit the charts to reflect the cryptocurrencies you want to trade and analyze based on your strategy.
- Enable advanced trading features: Choose the right cryptocurrency trading indicators for your strategy. Trend-following strategies rely heavily on moving averages and RSI, while arbitrage trading benefits from comparing VWAPs.
To make the most out of the simultaneous pair viewing, users can minimize other parts of the interface, such as the current active orders at the bottom panel and the order book on the right side. Additionally, members can synchronize the symbols, intervals, crosshairs, time, and date range across all charts in the “Select Layout” dropdown.
Is Margex a Good Crypto Exchange in 2024?
With dozens of cryptocurrency exchanges filling gaps in the market, it’s difficult for any platform to stand out. Thankfully, Margex regularly rolls out innovative updates to place its users ahead of the curve.
Multi-charting opens up many new trading strategies that would otherwise be extremely difficult to implement using just one chart. Additionally, simultaneously viewing multiple crypto pairs provides a more comprehensive outlook for short and long-term trends.
These new competitive functionalities alongside Margex’s advanced trading features can help traders of all levels maximize their trading strategies. Discover the platform’s convenience and power for yourself by signing up today.
Start Trading With Margex Today
Margex’s latest updates, which include multi-charting and simultaneous pair viewing functionality, offer greater flexibility, efficiency, and more accurate market insights. With the multi-chart, users can monitor up to four crypto pairs simultaneously on one screen. On the other hand, simultaneous pair viewing gives a broader perspective that helps investors seek out better trading opportunities.
Try Margex’s latest user-centric features today and start benefiting from more efficient trading strategies.
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