PrimeXBT is an elite margin trading platform known for providing solutions advanced enough for professional traders.
But as an all-inclusive platform, it also has built several innovative solutions that are designed to help inexperienced or intermediate traders seriously step up their trading games.
For those eager to take advantage of the ongoing historic volatility all across global markets right now but aren’t sure how, read this guide to learn how PrimeXBT can help any trader reduce risk, improve profitability, and, most importantly, learn and practice amidst the best the trading community has to offer.
PrimeXBT platform for pro traders and beyond
The award-winning margin trading platform has a reputation for trading tools so good that they feel weaponized compared to other platforms.
Long and short positions, stop-loss orders, and take-profit modifications give traders complete control over any direction the market turns.
The enormous list of trading instruments covers all of the hottest markets today, such as gold, oil, Bitcoin, the S&P 500, and any other significant asset globally.
Built-in technical analysis tools from TradingView tip-off sharp-eyed traders who know how to look for trend changes or spot overbought and oversold conditions.
Indicators are aplenty, providing deep insight into market movements, volume, and more, and range from the Relative Strength Index, Parabolic SAR, and Ichimoku.
But what happens if you have never heard of these tools, let alone ever put them to use? Most other platforms are a take it or leave it package. If you don’t know what you are doing, you are sorely out of luck.
However, with PrimeXBT, there are several paths a newcomer or intermediate trader can choose to get the most out of today’s market volatility.
PrimeXBT trading academy educational website
Showing its unwavering dedication to the trading community, PrimeXBT has developed an educational website on its own dime to help traders find confidence and success.
Led by an expert trader with more than 20 years of experience, Dirk Hartig brings PrimeXBT users a wealth of video tutorials, market updates, trading tips and strategies, and more, right from the source itself.
The PrimeXBT Trading Academy educational website is free to use and includes regular live videos posted by Hartig. Popular topics include DeFi, NFTs, trading Bitcoin and altcoins, and much more.
There are also videos dedicated to showing users how to use the long list of PrimeXBT trading tools properly.
Putting skills to the test with contests and competitions
The average trader experiences substantial losses when they first get started trading. It isn’t that they can’t learn how to trade, but that many run out of capital long before they ever get the hang of it.
However, with PrimeXBT Contests, traders of any experience level can practice in real-time simulated market environments using risk-free virtual funds.
Traders can learn the ropes without money on the line without risking their capital. More intermediate traders can backtest trading strategies before applying them in the real world.
Contests can even be profitable without any risk, as each contest is actually a trading competition that offers crypto-based prizes of up to $100,000 in USDT.
Covesting copy trading for alternative innovation
If all else fails, and a trader keeps falling flat when it comes to any positions they take, there are still other alternatives to giving up altogether.
Giving up means missing out on all the potential opportunities the current market environment provides. Instead, let a more skilled trader do the hard work for you with Covesting.
Covesting is a copy trading module and peer-to-peer trading community connecting experienced strategy managers with followers who can copy their trades.
Strategy managers have their entire trading performance tracked and ranked in transparent global leaderboards so that followers have a way to figure out who to put their money behind.
Like the advanced trading tools offered to margin traders, followers can also set a stop loss level or take profit on followings without having to stop following the strategy they like best.
Additional ways to earn income with PrimeXBT
PrimeXBT still offers ways to earn income without trading, either as an added boost to earnings or completely separate from trading activities.
Yield accounts connect to top DeFi protocols to let users stake idle crypto assets in exchange for a variable return on investment called an annual percentage yield.
There is also a four-level referral program that offers daily payouts in crypto. Users can earn commissions up to four levels of the deep worth of referred users.
The more trading each referred user does, the higher the earning potential. Cryptocurrencies can also be swapped on the fly to the coin of preference using the PrimeXBT exchange tool built into every crypto wallet deposit page.
PrimeXBT builds the next generation of traders
Unlike other platforms, PrimeXBT seeks to bring new traders to the platform not just through marketing efforts, word-of-mouth, and other usual avenues but by turning everyday users into skilled traders.
By producing the next generation of skilled traders, PrimeXBT has earned the loyalty of the trading community, which in turn helps to promote the benefits of using the platform organically.
With the list of features constantly expanding and tons of innovation around every corner, PrimeXBT is the best platform for traders of any experience level – especially for beginners and intermediates.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.