Global financial markets are notorious for chewing up beginners and spitting them back out. Newcomers can lose all their capital if they aren’t careful.
PrimeXBT provides those early on in their trading careers with several tools that better prepare them when first starting out.
Keep reading to find out how to take advantage of copy trading, contests, and the PrimeXBT Trading Academy.
Bypass Early Losses By Learning From An Expert With 20 Years Experience
New traders are always advised to keep risk to a minimum until they get a better hang on how to handle market volatility. Otherwise, it is possible to suffer complete capital loss. It is also important to never take on position sizes that are larger than what you can comfortably afford to lose.
But a lot of these things are learned with time in the market and real-world experience. PrimeXBT traders can fast-track this type of knowledge that usually only comes over time by learning from Dirk Hartig — an expert trader with more than twenty years of trading stocks, commodities, crypto, and more.
Hartig runs the PrimeXBT Trading Academy and hosts each educational video and market update. Users can learn practical trading tips, risk management strategies, and how to utilize the platform’s built-in technical analysis tools.
Earn Starting Capital And Practice Trading With No Risk At All
After learning all there is to know from the PrimeXBT Trading Academy, users can put their skills and education to the ultimate test in PrimeXBT Contests. Contests lets traders compete in risk-free weekly trading competitions for a shot at winning prizes of up to $100,000.
Beginners can win their first starting capital by placing in the many weekly trading competitions. There are also additional benefits when trading in the risk-free simulated market environment.
Because traders use no-risk virtual funds, there is no chance for capital loss, meaning newcomers can practice unhindered or backtest trading strategies across a wide range of trading pairs.
Copy Trade For A Foundation Of Profits While You Get Familiar With Markets
Copy trading is another way to limit risk while gaining exposure to markets and learning from the best. The Covesting copy trading module is filled with top-performing traders who are ranked by profits in a transparent leaderboard system.
Beginning traders can automatically copy the trades of top-ranked strategy managers by becoming followers and following other traders. Followers can also follow more than one trader at once to lower risk and increase the chance for profits.
Both strategy managers and followers can activate COV utility token memberships which enable several additional benefits such as trading fee discounts, increased follower limits, and more. COV token memberships also activate up to a 2x APY boost in Covesting yield accounts on the variable interest rate paid daily in crypto rewards to a staking balance.
The Most Innovative Margin Trading Tools To Help You Become A Better Trader
The core of the platform is margin trading, which includes stock indices, commodities, metals, forex currencies, and cryptocurrencies. Investors and traders can utilize the more than 100 different trading pairs to build a portfolio that protects capital and produces consistent profitability.
Take and manage that portfolio on the go with the official PrimeXBT Android and iOS apps, available as free downloads in the Google Play Store and Apple App Store. The app lets you do everything from buying crypto to trading the full lineup of trading instruments to managing Covesting copy trading positions from anywhere in the world.
Long and short positions allow traders to avoid selling their crypto assets and instead use them as collateral to trade Bitcoin, Ethereum, S&P 500, gold, oil, and many other of today’s most popular assets, using leverage.
Begin Your Trading Career With The Full Suite Of PrimeXBT Trading Products
By putting all the practice and education from PrimeXBT Contests and the Trading Academy to the ultimate test, beginner traders can grow into intermediate traders and, eventually, experts with years of experience.
If you have been considering getting started trading, begin with PrimeXBT and be on your way to a profitable trading career in less time than you would anywhere else. The platform provides all the tools necessary to manage risk, protect capital, and trade the hottest markets around.