CScalp Releases Updates, Phemex Added, and More
Singapore, Oct. 12, 2022 (GLOBE NEWSWIRE) — As of September 22, 2022, CScalp, a professional day trading software platform, has officially released new platform updates. These updates include a new connection to Phemex, as well as watchlist and chart expansions.
Scalping trading is the type of trading and has three main characteristics. The first being that all your trades take place in a single session, which is why it is called crypto day trading. This means that you start the day with no open positions and end the day with no open positions. The second feature is that order books play the main role in how traders make decisions, but they also use market transaction history as well as clusters and charts. Finally, scalping includes a daily drawdown, which is a set limit on the amount of money you can lose before the end of your trading session and is the primary risk control mechanism for scalpers.
CScalp is a professional trading software terminal that allows traders to access all exchanges in one place, connect multiple exchange accounts and hedge the risk of poor internet connection with proxy servers. The platform has over 12,000 daily users from over 50 countries.
CScalp is available for download on Windows x64, but can also be run on macOS and Linux using the Windows emulator. You can connect your CScalp account to your accounts on exchanges through the API.
With the recent updates, the biggest new thing is the addition of connectivity to the Phemex exchange. Via this connection, you can exchange two types of Phemex tools. The first is “USD Perpetual”, which are the usual perpetual futures contracts. The second is “COIN-M Perpetual”, which is the reverse of the usual perpetual futures contracts.
The watchlist is an important tool for traders because it allows you to keep an eye on the different cryptos that you will need to have information on in order to make the best trades. This update extends watchlist functionality in CScalp. Scalpers can now add up to 40 instruments. Previously, you could only add 14 instruments.
With the extended watchlist, two link groups have also been configured as default settings for the watchlist. The first group is the binding of order book, chart and watchlist, and the second group is the binding of order book and chart. This allows the trader to quickly track potential opportunities or monitor their performance by saving screen space.
Keeping an eye on charts won’t necessarily help a scalper in the moment, but charts play an important role in how they make future decisions on which cryptos to buy and sell. Thanks to a chart update, traders now have access to more charts. They can now open 40 order books and 40 charts simultaneously. This is a massive amount of information available at scalpers fingertips via CScalp.
In order to help scalpers make the most informed trades, beyond the 40 instruments, order books and charts, CScalp offers other tools like a free crypto screener, which shows market price dynamics and allows scalpers to find entry points more quickly. The filter allows scalpers to track up to 10 of the most volatile tickers on the Binance and FTX futures market.
If you haven’t yet learned scalping in trading, CScalp is a universal platform that offers a free course on how to trade that allows crypto users of all ages and experience to learn the ins and outs. the ins and outs of trading before diving into it fully. Throughout the course, traders will also be immersed in the CScalp software so they can learn it in conjunction with real trading for a more comprehensive experience.
CScalp is a universal tool designed to make it easier for scalpers to trade in order to maximize their profits. With this new set of updates, CScalp is able to provide a smoother and more immersive experience as well as expand the list of exchanges it can be used with. This is great news for the CScalp team and portends a bright future in the scalping world.
CONTACT: RAGHAV SAWHNEY Outreach Consultant CSCALP BlockchainPrBuzz.com contact (at) blockchainprbuzz.com