Because of the incredible depth and intricacies of the global financial market, the skill levels of investors and traders vary significantly across the board. As such, the needs of these different types of traders must be addressed equally.
Many platforms either focus too heavily on professional tools, making the platform inaccessible for newcomers and novices. Other platforms will cater too much to beginners leaving experienced traders feeling underwhelmed or unsatisfied.
PrimeXBT is the best of both worlds, offering innovative solutions for both novices and professionals alike. Here is a closer look at how the award-winning platform achieves this feat and the full suite of tools that are provided with free account signup.
Advanced Tools For Power Trading Professionals
Pro traders are in for a treat, as all the tools they need to be successful are included. Leveraged long and short positions make profitability beyond what is typically possible a reality. At the same time, the enormous list of assets allows for the construction of complex trading portfolios designed to protect capital and reduce risk.
More than 100 different of today’s most popular trading instruments are available. Asset classes range across cryptocurrencies, forex, commodities, and stock indices. Built-in technical analysis tools give these pros the ability to prepare and plan positions and react accordingly to key levels of support and resistance.
The very best of the best can turn a margin trading account into a strategy manager account, which has all performance metrics tracked in the transparent Covesting leaderboards. Strategy managers must rank high via ROI to attract followers. The more followers, the larger the income stream can become for strategy managers who get a cut of the action from their followers copying their trades.
Innovative Investing Alternatives For Novices
The flip side to the Covesting copy trading module is the community of followers who copy the trades of the skilled strategy managers ranked on the leaderboards. Top strategy managers have earned as much as 90,000% ROI and made followers a fortune simultaneously.
Much like pro traders can put together a diverse portfolio of uncorrelated assets to reduce risk and increase profit potential, followers can spread capital and risk around across several different strategies for the best possible performance. Followers also get stop-loss protection and take profit tools that limit the impact of drawdowns.
Covesting yield accounts also let users access the most popular DeFi protocols directly from within the PrimeXBT account dashboard. Yield accounts allow users to earn a variable interest rate called an APY on any idle crypto assets by staking. Up to 14% APY is possible during peak market conditions.
PrimeXBT: An All-In-One Platform For Everyone
Many of the features offered by PrimeXBT aren’t geared toward one type of trader or another. For example, both pros and newcomers can benefit from the PrimeXBT trading academy led by expert trader Dirk Hartig.
PrimeXBT Contests is also another section of the platform that benefits all. Pros can backtest trading strategies or compete to win huge crypto prizes of up to 100,000 USDT using virtual funds. Novices can learn in a risk-free environment or get their start by winning a free chunk of trading capital. There is no cost to enter, and competitions refresh weekly.
Other essential tools that are helpful for all types of traders include the free PrimeXBT mobile app for Android and iOS smartphones, the company’s 24/7 customer service, and more. With this much variety and an all-inclusive approach to global markets, PrimeXBT is a must-try for all pros, novices, and everyone in between.