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Covesting from PrimeXBT: the best way to trade without learning to trade

Covesting from PrimeXBT: the best way to trade without learning to trade

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PrimeXBT is a leverage trading platform, which adds innovative instruments to its portfolio quite frequently.

From Turbo, a multi-market binary options trading product, to Covesting, a module where you can follow the strategies of different traders.

The latter connects traders with followers (aspiring investors), allowing others to mutually benefit.

Here followers can follow an established trader and pledge a certain part of their equity or equity to them.

This trader is someone who has proven his skills in trading and is generating consistent profits for himself.

By following such a trader and committing their capital, the follower can easily copy the strategies applied by this winning trader and report similar gains.

While the follower earns, the trader also earns by earning a share as the follower’s capital success rate.

In this way, the follower enjoys the hassle-free benefits of trading and the trader earns additional income for doing exactly what he does best, i.e. formulating trading strategies.

PrimeXBT Exchange

PrimeXBT is a veteran margin trading platform specially designed for cryptocurrencies, commodities, indices, and forex.

The exchange launched in 2018 and has continued to grow exponentially since then to add new features and products to help investors in more than 150 countries foray into global markets with just Bitcoin as a base deposit to start with.

The PrimeXBT platform has also processed volumes of over $ 1 billion and was also recognized as the best Bitcoin margin trading platform, at the 2020 ADVFN International Financial Awards.

How to use Covesting?

All PrimeXBT users will be able to access this innovative trade copy module powered by Covesting, to connect with professional traders, allowing them to benefit from each other.

Therefore, to use Covesting it is necessary to register with PrimeXBT.

By registering with this link and activating the code CMEI50, you will have a 50% bonus on a deposit of more than $ 100.

The hedging module allows traders to create funds with their trading strategy in a transparent way. In which users (i.e. potential followers) can check the history and how much capital is invested in each fund to decide which fund to follow and invest in.

As an investor (follower)

PrimeXBT users can search for different traders, check the results of their funds and invest in the one they like, this provides a way to passively earn money without any trading skills or market knowledge.

As a merchant

Traders can build a reputation and a second source of income by attracting a following and continuing to do what they do best, namely trading.

The Covesting interface

The Covesting module integrates seamlessly into the PrimeXBT user interface while preserving the design logic of the platform.

The first thing you will see when you click on the Covesting tab is the rating list from which you select traders to review their performance and trading strategy.

You can make a quick selection by consulting a list of indicators for a quick view:

  • Total benefit.
  • Today’s profit.
  • Active days.
  • Followers
  • Performance.
  • Followers equity.
  • Classification.

Strategy page

You can access more detailed information on the strategy by clicking on the name of the fund which will take you to a dedicated page.

The dedicated strategy page shows a detailed view of earnings, manager capital, followers capital, and used margin.

At the bottom of the page, you will find the offer with the set profit allocation percentage and additional indicators such as profitability, maximum drawdown and profit ratio.

From this page, you can invest in the strategy by entering the amount on the right and clicking “Follow” with the minimum to follow a 0,001 BTC strategy.

Portfolio Page

On the portfolio page, you can follow the performance of the followed strategies/fund managers.

From this page, you can quickly assess the overall gains and losses of all past and currently followed strategies.

Creating a strategy

Creating a strategy is a simple process. Enter the name, describe the strategy in a few words, and enter how much you want to start trading on this strategy. The minimum amount to start a strategy is 0.01 BTC.

On the right, you will see the offers available for profit allocation between the manager, investors and the platform.

Who can use Covesting?

Covesting is suitable for retail investors who have neither the time nor the knowledge to trade on their own.

Of course, the module is also suitable for experienced traders to follow each other and thus diversify their own capital in different strategies.

The distribution of benefits is distributed as follows:

  • Investor – 60%
  • Manager – 20%
  • Platform – 20%

In the Covesting module, a trader who creates a strategy can trade all the markets listed on PrimeXBT in his strategy trading account (which is created when creating the strategy), ranging from stock indices, forex to commodities, and for of course, cryptocurrencies.

The hedging module itself is a unique offering in the cryptocurrency market, as there are not many trading platforms like PrimeXBT that offer high-leverage copy trading across multiple markets.

The tool offers retail investors in the crypto market who have no trading experience the opportunity to invest in a trader, who potentially has the experience and discipline to be profitable in one of the most volatile markets.

Do you want more information? Visit to PRIME XBT

Code: CMEI50, to have a 50% bonus on a deposit of more than $ 100.

Website: https://primexbt.com/

Facebook: https://www.facebook.com/primexbt/

Twitter: https://twitter.com/primexbt

Reddit: https://www.reddit.com/r/primexbt

Telegram: https://t.me/primexbt

Medium: https://medium.com/primexbt


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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. he opinions expressed in this article are those of the author and do not necessarily represent the views of Forex News.Online, and should not be attributed to Forex News.Online.

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