Because of the incredible depth and intricacies of the global financial market, the skill levels of investors and traders vary significantly across the board. As such, the needs of these different types of traders must be addressed equally.
Many platforms either focus too heavily on professional tools, making the platform inaccessible for newcomers and novices. Other platforms will cater too much to beginners leaving experienced traders feeling underwhelmed or unsatisfied.
PrimeXBT is the best of both worlds, offering innovative solutions for both novices and professionals alike. Here is a closer look at how the award-winning platform achieves this feat and the full suite of tools that are provided with free account signup.
Advanced Tools For Power Trading Professionals
Pro traders are in for a treat, as all the tools they need to be successful are included. Leveraged long and short positions make profitability beyond what is typically possible a reality. At the same time, the enormous list of assets allows for the construction of complex trading portfolios designed to protect capital and reduce risk.
More than 100 different of today’s most popular trading instruments are available. Asset classes range across cryptocurrencies, forex, commodities, and stock indices. Built-in technical analysis tools give these pros the ability to prepare and plan positions and react accordingly to key levels of support and resistance.
The very best of the best can turn a margin trading account into a strategy manager account, which has all performance metrics tracked in the transparent Covesting leaderboards. Strategy managers must rank high via ROI to attract followers. The more followers, the larger the income stream can become for strategy managers who get a cut of the action from their followers copying their trades.
Innovative Investing Alternatives For Novices
The flip side to the Covesting copy trading module is the community of followers who copy the trades of the skilled strategy managers ranked on the leaderboards. Top strategy managers have earned as much as 90,000% ROI and made followers a fortune simultaneously.
Much like pro traders can put together a diverse portfolio of uncorrelated assets to reduce risk and increase profit potential, followers can spread capital and risk around across several different strategies for the best possible performance. Followers also get stop-loss protection and take profit tools that limit the impact of drawdowns.
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