How does PrimeXBT's Cryptocurrency Copy Trading work? Table of Contents
Copy Trading with your Cryptocurrency on PrimeXBT
Copy Trade is an innovative tool that allows you to track and copy the exchanges of the main PrimeXBT traders with a large number of tools at your disposal.
Copy the best of the trading community and benefit from their experience, knowledge, and winning strategies.
Why copy the trade on PrimeXBT?
- Easy to use
- Copying the trade does not require strategy, skills, or trading experience to get started. It is not only an easy and effective way to trade but also a great way to learn from more experienced managers while keeping a close eye on their business.
- Copy Trading for everyone
- PrimeXBT welcomes traders of all experience levels, from seasoned professional traders to newbies alike. Professional traders can easily monetize their skills by allowing others to copy their strategies. The more followers they get, the more money they can earn from profitable trades. New traders can avoid the pitfalls of learning markets and copy successful traders instead. The copy exchange platform is available to any user who signs up for a free PrimeXBT account.
- Variety of markets
- Copy-trading with PrimeXBT provides access to a wide range of markets and offers up to 50+ trading instruments under one roof. Create a better and more diverse trading portfolio while copying trades in markets like cryptocurrencies, stock indices, currencies, and commodities. All markets can also be accessed via a free PrimeXBT mobile trading app.
1. Trade with a winning strategy of PrimeXBT
There is a lot to learn for beginners entering the world of trading, and mistakes can be costly.
By copying the trade, you can be a passive participant of the market instead of allowing professional traders to execute their strategies on your behalf.
This takes some of the guesswork and initial losses that new traders may experience out of the equation.
Use your Cryptocurrency for Copy Trading on PrimeXBT
2. Reduce your risks and diversify
Manual trading on your own can lead to higher risks, as you base your strategy only on your own knowledge, training, and experience.
When you copy the trade, that risk is essentially spread as users can follow any number of successful traders who already have a proven track record and a track record of positive performance.
Just pay regular attention to each strategy manager’s risk and success metrics, rather than doing time-consuming technical analysis and constantly looking at charts.
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3. Save your time and be in control
By copying the trade, a lot of the hard work and heavy lifting is doing it for you.
With PrimeXBT’s Trade Copy Tool, you can effortlessly and quickly start trading like an experienced trader without wasting time on fundamental or technical analysis.
Copy-trading still allows you to maintain full control over risk exposure and maximum reduction.
If the trader you’re copying is no longer making the profit you need, you can easily untrack it and move on to another.
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What is Crypto Copy trading of PrimeXBT?
The trade copy tool in PrimeXBT allows users to automatically copy all orders executed by other traders in different markets, such as Cryptocurrencies, Forex, stock indices, and commodities.
It’s a simple but efficient concept: whenever a trader you are copying from opens a trade on your trading account, your account will automatically open that trade as well.
As the definition would imply, as long as traders make a profit, their account will, too.
Note that such trading can also result in a loss in the event of a failed strategy, however, tools are provided to manage risk and a losing strategy can be discontinued at any time.
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How does PrimeXBT’s copy trading work?
Copy-trading works by giving traders the opportunity to copy and potentially benefit from the strategies and decisions of other more experienced traders in any particular market.
Basically, it allows inexperienced traders to copy and paste more experienced traders’ traders and take advantage of their years of experience.
It is especially useful for new or inexperienced traders and for those who want to diversify their portfolios or manage their risks.
Is PrimeXBT’s copy trading risk-free?
Copying commercial software is not without risk.
It carries the same risks associated with online trading of any kind.
Assets can go up or down in value, and it all depends on the success rate of the traders you copy whether it is profitable or not.
Learning how to choose the right strategies takes a little time, but all your statistics and history are visible to everyone through a totally transparent global ranking system.
The great thing about the PrimeXBT copy trading service is that it takes a relatively small amount of capital to get started.
In the world of asset management, investing in hedge funds would require thousands of dollars to get started, and then your money would be locked up and not accessible to you.
With copy trading, you maintain flexibility and full control – you can start or stop copying other traders at any time, so you always have access to your capital at your fingertips when you need it most.
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How much money do I need to start copy trading on PrimeXBT?
Copying the trade only requires a trader to copy the trading decisions of another investor, but does not require the copy trader to follow the same amount of capital in the trade.
The best copy trading forex broker websites allow users to trade with as much or as little as they want, as long as the minimum account deposit requirement is met.
Users who copy transactions will only share part of the profit once the following steps, but it is a stress-free way to earn money.
The part of the profit that goes to the trader is essentially a fee for your skills and you take on the stress instead.
Copy-trading requires as low as 0.001 BTC to get started, which makes the cost to get started very small.
By putting so little capital at stake, copy-trading is safer than hedge funds that require considerable investment to be profitable.
The minimum amount needed to copy a merchant is just 0.001 BTC, the same as that required as a minimum deposit at PrimeXBT.
This amount can be used as a guide to get started, and users can add more capital as their comfort levels and risk appetite increase.
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How to start the copy trade with PrimeXBT
- Register with PrimeXBT
- Enjoy a quick and easy registration process with just a few clicks. Just make a minimum deposit of 0.001 BTC using Bitcoin or a debit or credit card to fund a business account and get started. It takes less than a minute to start your copy exchange journey!
- Explore available strategies
- Go to the Covesting tab in your account section to access the trade copy tool. There, you can explore hundreds of successful strategies and compare their trading performance against each other to find the most suitable trader to copy. All data is updated every ten minutes in real-time for the best possible transparency and accuracy.
- Start copying the trade
- Choose a strategy that matches your risk appetite and investment objectives and click Continue. From this point on, you will enjoy the same returns as the trader you have followed, so be sure to select a trader with strong and consistent performance. You can follow multiple strategies at the same time to diversify risk and improve results.
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Trade the main cryptocurrencies on PrimeXBT
PrimeXBT provides a solid platform for trading well-known crypto assets like Bitcoin, Ethereum, EOS, and more.
These crypto-assets have the potential to alter the world of finance and investing for years to come.
Known for being highly volatile and prized for their technological potential, cryptocurrencies have recently become a favorite of individual, retail, and even institutional investors.
Create professional cryptocurrency trading strategies with PrimeXBT’s award-winning platform.
Enjoy customizable charting software and over 50 technical indicators.
Trade long and short with leverage, hedge your positions, and execute trades using PrimeXBT’s powerful trading engine.
Get constant live cryptocurrency prices, as well as up-to-date price charts and information on Bitcoin, Ethereum, and other cryptocurrencies.
Invest in Cryptocurrencies on PrimeXBT
Trade major currencies on PrimeXBT
PrimeXBT provides reliable trading access to a wide selection of global forex currencies.
Trade the US dollar, the British pound, the Canadian and Australian dollars, and much more.
The value of different world currencies is always changing, offering opportunities for traders to benefit as many geopolitical factors can affect different countries and their currencies.
Develop professional forex trading strategies with the award-winning PrimeXBT platform.
Enjoy customizable charting software and over 50 technical indicators.
Trade long and short with leverage, hedge your positions and execute trades using PrimeXBT’s powerful trading engine.
Get constantly live currency prices, as well as up-to-date charts and information on currencies such as the US dollar, the British pound, the Japanese yen, and other major currencies.
Invest in Forex currency pairs on PrimeXBT
Trade the main stock indices on PrimeXBT
PrimeXBT offers a wide range of stock indices to trade, including S&P 500, NASDAQ 100, NIKKEI 225, ASX 200, and many more.
Stock indices trading is a popular way to get involved in the financial markets.
Stock indices can fluctuate significantly in price due to various technical and fundamental factors, and PrimeXBT allows traders to profit from both rising and falling markets with a variety of various trading tools and charting software.
Create professional stock index trading strategies with the award-winning PrimeXBT platform.
Enjoy customizable charting software and over 50 technical indicators.
Trade with leverage, hedge your positions and execute orders using PrimeXBT’s powerful trading engine.
Constantly get live stock index prices, as well as up-to-date price charts and information on the S&P 500, NASDAQ 100, DAX 30, and many other major stock indices.
Invest in Stock Indices on PrimeXBT
Trade the major commodities on PrimeXBT
PrimeXBT offers a range of commodities including WTI and BRENT crude oil, natural gas, gold, and more.
These products play a vital role as energy sources for industry and households, as well as for electronics and jewelry where gold is concerned.
The continuous fluctuation of supply and demand for these products is affected by weather, natural disasters, war or advances in alternative energy sources, even levels of economic stability.
This can make them great assets to trade.
Develop professional commodity trading strategies with PrimeXBT’s award-winning platform.
Enjoy customizable charting software and over 50 technical indicators.
Trade long and short with leverage, hedge your positions and execute trades using PrimeXBT’s powerful trading engine.
Get constantly live commodity prices, as well as up-to-date price charts and information on natural gas, oil, gold, silver, and other commodities.
Invest in Commodities on PrimeXBT
Please check PrimeXBT official website or contact the customer support with regard to the latest information and more accurate details.
PrimeXBT official website is here.
Please click "Introduction of PrimeXBT", if you want to know the details and the company information of PrimeXBT.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...