The Covesting platform is currently available on PrimeXBT – a cryptocurrency, forex and CFD exchange, it is available to investors around the world and most likely, you’ve seen the screenshot. Profit and Loss Statement (PnL) of traders or global charts on Twitter and other online sources.
With our community earnings, our real-world trials and challenges as a trader, we’ve compiled a list of 10 reasons why you should try Covesting on PrimeXBT. .
1) Investing takes patience: The hyper-connected, fast-growing world today results in quick rewards when we want them. When we want information, we look for it on Google. When we want to know what’s going on with a family member, we send them a quick text message or Facetime. But returns on investments sometimes take years, and investors need to be ready for the long haul.
2) Better ways to make a profit: New investors will quickly realize that if they only buy low and sell high, they will have a lot more to show on their portfolios.
3) HODL is Hell: The popular term “HODL” in the cryptocurrency sector is derived from the phrase “keep your life dear” and was created to remind crypto investors that It will not be easy to accept imminent market volatility.
4) Tougher Trading: While HODLing can be tricky, trading is even more difficult and requires strong emotional discipline, as well as strict risk management.
5) Technical analysis takes time: Even if you have the nerves of steel, you may not have an eye for market analysis. This natural talent cannot be taught and requires constant market monitoring.
Any of these 5 reasons should be enough for you to try Covesting as a follower. Followers can copy the deals of ROI-ranked strategy managers for all of the world to see on a completely transparent global leaderboard system.
A 5-star rating system and a myriad of success and risk metrics are available to help followers choose which traders to copy. But there are still 5 more reasons to try Covesting, this time, for those aspiring to become strategic managers.
6) Make a Name: Technical analysis is about playing probabilities and coming up with a plan that includes rigorous risk management and trade execution. Those who do this well will get popular and quickly followed. By displaying your name while increasing Covesting rankings can help traders stand out from the crowd.
7) Increase profitability by sponsoring followers: The more you grow your name and the number of followers, the faster your profits will increase. Strategy managers using Covesting can earn a share of the profits from the success fees generated from follower funds.
8) Keep the trading community honest and transparent: Competition always produces excellent individuals and the same holds true for traders. By making all traders’ win and lose orders transparent to the world, along with their risk level and the total ROI they have generated, that will eliminate the trolls and make a good deal. strong.
9) Target the Stars: Covesting’s 5-star rating system is something traders will all want to achieve. It highlights the platform’s smartest money and not just the risky traders who bring a large ROI only to then lose it. In order to achieve the full 5 stars, you must strike a balance between win and lose – a higher win rate, keep the margin allocation in reason and maintain specific activities, and account requirements to Show that you are serious about becoming a strategy manager.
10) Becoming No. 1: Becoming the # 1 ranked trader on Covesting will have some perks. Be known and seen your name frequently, and you will be noticed as the most profitable trader on the platform. It also gives you the highest chance of showing up to potential followers who will more easily see who they should copy.
There are 10 more reasons to try Covesting, but many more. Try it out for yourself today on PrimeXBT and award-winning Bitcoin margin trading platform that offers CFDs on stock indices, forex, cryptocurrencies, gas, oil, gold, silver, and more.