Crypto markets have been pumping again recently, putting upside profits back on the menu. But before there is a clear sign that the bull run is back on, a better way to power your profitability exists.
Keep on reading to find out more about what the professional trading tools at the PrimeXBT advanced margin trading platform can do for you and your bottom line.
Leverage Your Longs And Gear Up Going Short
The power of high leverage is legendary and with such power comes great responsibility, requiring strict stop loss usage and risk management strategies. It can also massively amplify ROI on successful long and short trades.
Using up to 200x leverage on crypto assets like Bitcoin, Ethereum, Litecoin, and countless others, a $10,000 price movement in BTCUSD would earn the trader more than $2 million. Stock indices and commodities trade with up to 100x leverage, while metals and forex currencies trade with up to 500x and 1000x, respectively.
Traders can also gear themselves up with built-in charting software, weekly trading competitions, and the PrimeXBT Trading Academy. The academy is filled with trading tips and technical strategies that can be backtested using the no-risk completion platform PrimeXBT Contests.
Maximize Earnings Through The Growing Crypto Community
The crypto community itself can be a treasure trove of profits if you have a large enough network or the skills to attract attention and followers in more ways than one.
Exceptionally-skilled traders can become strategy managers with the Covesting copy trading module, who can earn extra income from a follower profit share model. If you are losing money, try becoming a follower yourself and let a high-ranked strategy manager do the hard work for you. There are hundreds of strategies to choose from within the peer-to-peer copy trading module.
Traders with an extensive network of followers or a big group of friends and family can make money off referrals if new users sign up to the platform using a unique affiliate link. Simply share the link on social media and elsewhere and earn up to 20% commissions from referred users.
Protect Capital And Fortify Long-Term Crypto Holdings
Because there is a wide range of more than 100 different trading instruments under one roof, traders can use an investment strategy called portfolio diversification to protect capital and possibly increase the chances for profits.
Idle crypto assets can be staked using Covesting yield accounts for up to a 14% variable APY, which can be boosted by up to 2x by activating a COV token membership. Crypto rewards are paid daily to the staking balance for compound returns. Passive investing is another way to fortify one's holdings consistently.
It is also possible to buy crypto to add to long-term holdings using either the browser-based platform or the award-winning mobile application. The free app is available as a free download for Android and iOS devices.
Conclusion
These days, profits might be harder to come by due to the ongoing market and macro conditions. Don't limit your profit potential further by picking the wrong trading platform.
With PrimeXBT, there are plenty of ways to keep ROI high, protect capital, and earn passive income. Register today for a free account and make a with no minimum deposit to get started.
