Top 5 Ways to Increase Trading Income with PrimeXBT Tools

The current economic situation, including inflation and the possibility of a recession, has prompted many individuals to seek additional income streams beyond traditional employment. PrimeXBT offers a range of tools and resources that traders can use to enhance their profits, even in challenging market conditions.

A profit-driving method that promises to provide an ROI of up to 4,000% is one of the methods described below. See the top five strategies to increase capital with cutting-edge PrimeXBT margin trading products by reading on.

Top 5 Ways to Increase Trading Income with PrimeXBT Tools

Contents

• 1 Top 5 Ways to Increase Trading Income with PrimeXBT Tools
  • 1.1 1. Leverage May Increase Your Buying Power Margin
  • 1.2 2. Copy Top Traders for a Return of 4,000%
  • 1.3 3. Expand Your Network to Make More Money
  • 1.4 4. Spend Money on Trading Education for Yourself
  • 1.5 5. Trade Money in Competition & Learn New Skills
  • 1.6 Top 5 Ways to Increase Trading Income with PrimeXBT Tools – FAQs
    • • 1.6.0.1 Q1. What is PrimeXBT?
      • 1.6.0.2 Q2. What are the trading tools offered by PrimeXBT?
      • 1.6.0.3 Q3. How can leverage be used to increase trading income on PrimeXBT?
      • 1.6.0.4 Q4. What is the PrimeXBT Trading Academy and how can it help improve trading skills?
      • 1.6.0.5 Q5. How can users earn commissions by referring others to PrimeXBT?
      • 1.6.0.6 Q6. How does the PrimeXBT Contests trading tool work?

1. Leverage May Increase Your Buying Power Margin

Trading platforms such as PrimeXBT enable traders to utilize leverage to amplify their buying power. For example, with 100x leverage, a $1,000 trading account can be leveraged to $100,000. A 10% gain, which would typically translate to $100 in profits, can now result in gains of $10,000.

Between 2020 and 2021, the value of Bitcoin increased by 1,600%. By utilizing the same precise position sizing method mentioned earlier, a $1,000 investment with 100x leverage could have generated earnings of $1.6 million. However, it is important to note that increased leverage also means increased potential losses. Tools for risk management and technical analysis are available to mitigate the impact of market downturns.

PrimeXBT offers varying levels of leverage for both long and short positions across different asset classes, such as cryptocurrencies, stock indices, commodities, precious metals, and foreign exchange currencies.

2. Copy Top Traders for a Return of 4,000%

The PrimeXBT platform offers a peer-to-peer copy trading community where traders can follow the trades of successful traders ranked by their performance on a transparent leaderboard. Followers can imitate the trades of these top-ranked traders by selecting the “follow” button, and risk management tools such as stop loss are available. Followers can also follow many traders at once to build a diversified portfolio.

The best-performing strategy managers on the leaderboards have ROIs of up to 4,000%, and many top traders have ROIs of over 2,000%. With just one click, followers can potentially access significant profits. The platform offers two ways to benefit from copy trading, and strategy managers receive a share of the profits from their followers’ replicated transactions.

3. Expand Your Network to Make More Money

The more followers a strategy manager has, the more income they can generate, providing them with motivation to expand their network. In addition, all users can increase their profits by referring PrimeXBT to friends, family, and on social media using a special referral link found on the PrimeXBT account dashboard. With each new member successfully registered through the link, users can receive up to four tiers of commissions, up to 20% of commissions generated by the new user, and a portion of the trader’s fees in the form of commissions if that user later introduces new members to the platform. This four-level approach allows for the possibility of expanding a network of commissions and generating cash.

4. Spend Money on Trading Education for Yourself

Consistently investing in education is crucial for achieving financial success. This can be done through various means, such as enrolling in university courses, attending virtual webinars, or watching educational videos on platforms like YouTube. The more knowledge acquired, the better equipped one will be to navigate international financial markets.

However, the cost of education can be a limiting factor for some. Fortunately, PrimeXBT Trading Academy provides free access to its trading education content. Headed by Dirk Hartig, a seasoned trader with over 20 years of experience, the training content is packed with valuable information including market updates, trading advice, and video lectures. Hartig also regularly streams live during significant events such as Federal Reserve meetings. By leveraging this information, traders can improve their skills and make informed trading decisions.

5. Trade Money in Competition & Learn New Skills

After acquiring new trading strategies, traders can enhance their skills and earnings risk-free by participating in the PrimeXBT Contests trading tool. Weekly tournaments are launched, allowing users to compete for free trading capital or cryptocurrency-based prizes.

With the aid of no-risk virtual funds, traders can experiment with different trading pairs, test out trading techniques, and practice what they learned in the PrimeXBT Trading Academy. This service can be used for leisure without the concern of losing money.

PrimeXBT frequently employs the platform to hold unique Bug Bounty Contests with substantial rewards when new features or products require additional testing and feedback from a large active user base. The PrimeXBT Crypto Futures platform already provides customers with the opportunity to participate in a US$100,000 Bug Bounty Program. For additional information, visit the official PrimeXBT blog.

The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions by Refernew and the team. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do conduct your own research along with financial advisors before making any investment decisions. Refernew and the team is not accountable for the investment views provided in the article.