Copy Trading, Contests, Academy, And Other PrimeXBT Tools For Beginners
The world’s financial markets are known for chowing down on novices and spitting them back out. If newcomers are careful, they could retain everything they have.
PrimeXBT offers several tools to those just beginning their trading professions to help them get started more effectively.
Learn how to benefit from copy trading, competitions, and the PrimeXBT Trading Academy by continuing to read.
Avoid early losses by taking advice from a 20-year expert
It is usually advisable for novice traders to minimize risk until they better understand how to manage market volatility. Otherwise, there’s a chance of total capital loss. Furthermore, it would help if you never accepted a position more enormous than you could afford to lose.
However, practical experience and market time pick up many of these lessons. With over twenty years of experience trading equities, commodities, cryptocurrencies, and more, veteran trader Dirk Hartig can provide PrimeXBT traders with fast-track access to this expertise that typically requires time.
Hartig, who also manages the PrimeXBT Trading Academy, hosts every instructive video and market update. Along with learning how to use the platform’s integrated technical analysis tools, users may also pick up helpful trading advice and risk management techniques.
Obtain Initial Funding And Gain Experience Trading Without Any Risk At All
Users can participate in PrimeXBT contests to put their knowledge and abilities to the ultimate test after finishing the PrimeXBT Trading Academy. Traders can participate in risk-free weekly trading competitions through contests, with the possibility of winning prizes worth up to $100,000.
Novices might win their initial startup funds by participating in numerous weekly trading competitions. Trading in a risk-free simulated market environment has extra advantages.
Because there is no possibility of capital loss due to traders’ use of no-risk virtual funds, novices can freely exercise or backtest trading techniques on various trading pairs.
For A Base Of Profits, Copy Trade As You Acquaint Yourself With Markets
Copy-trading is another strategy to reduce risk and increase exposure to markets and best practices. Top-performing traders are enumerated in the Covesting Copy Trading module and are arranged in a transparent leaderboard system according to profits.
By becoming followers and following other traders, novice traders can automatically replicate the trades made by top-ranked strategy managers. To reduce risk and improve the likelihood of making money, followers can also follow multiple traders simultaneously.
Strategy managers and followers can activate COV utility token memberships, opening up several advantages such as lower trade fees, higher follower limits, and more. COV token membership also provides a 2x APY boost in Covesting Yield accounts, with daily cryptocurrency incentives delivered to a staking balance on the variable interest rate.
The Most Cutting-Edge Margin Trading Resources To Improve Your Trading
The platform’s main feature is margin trading, which covers stock indices, commodities, metals, FX currencies, and cryptocurrencies. With more than 100 available trading pairs, traders and investors may create a portfolio that consistently generates profits while safeguarding cash.
The official PrimeXBT Android and iOS apps, which can be downloaded for free from the Google Play Store and Apple App Store, allow you to take and manage that portfolio while on the road. Using the app, you can purchase cryptocurrency, trade the entire selection of trading instruments, and manage your Covesting Copy trading positions from any global location.
With long and short positions, traders can use their cryptocurrency holdings as collateral to trade Bitcoin, Ethereum, the S&P 500, gold, oil, and many other of the most well-liked assets of the day with leverage rather than having to sell them.
Start Trading Right Away With The Complete PrimeXBT Trading Product Suite
Expert traders with years of expertise can develop from novice traders by putting all the knowledge and practice gained from PrimeXBT Contests and the Trading Academy to the ultimate test.
If you’ve been thinking about starting a trading profession, start with PrimeXBT, and you’ll be on your way to financial success faster than anywhere else. The platform offers every instrument required to control risk, safeguard funds, and trade the most active markets.