Release 1.1

Technical Analysis

: , 23 , 2020 12:20        : Uncategorized

Overall, the trading platform is exactly what you expect as it is very similar to the trading pages experienced investors are used to. On the top left side of the screen, you will see a list of cryptocurrency pairs.

The platform has fully equipped 50 technical indicators and a full suite of charting and analysis tools. It is the award-winning platform which offers innovative tools with advanced features. Prime XBT was https://forexarena.net/ founded in 2018, and within a short period, the exchange has achieved a lot of success in terms of the trading volume. The derivatives exchange has grown exponentially and served more than 150 countries.

  • Prime XBT is a crypto margin trading platform that provides access to global markets with Bitcoin.
  • The exchange has seen an astronomical growth and is a premium crypto trading platform.
  • Binance is the largest cryptocurrency exchange by trade volume and one of the fastest trading services providers for blockchain ecosystem.
  • Furthermore, benefit from a highly customizable and intuitive UI, fast-reliable order execution with the tightest spreads, and the highest available leverage of any forex or crypto trading broker .
  • It offers access to 50+ synthetic-markets which involves trading in crypto, commodities, forex and various stock indexes.
  • Traders can now gain unprecedented access to the world’s most profitable financial instruments and markets via PrimeXBT’s bitcoin-based margin trading platform.

Its price predictions cover virtually all cryptocurrencies, and they give a day-by-day prediction, 14 days at a time. This seems to be the only weak point of this website, as other platforms give predictions for a full month all at once.

Its current market capitalization is $3,307,763,271 and the price of its native currency, Lumens, is a modest $0.152991. Novice traders will be able to allocate a part of their portfolio to managers who meet their risk/reward appetite and have built a successful trading rating based on their performance. Here is another cryptocurrency price prediction website worth mentioning. Though the name sounds like it only does price prediction for Bitcoin, this is never the case. On this website, you can find price predictions for up to 3 years at a time.

In the image shown above, you can see that a larger position will require more margin, which reduces exposure risk. Covesting allows traders to trade in the public eye and transparently compete with other traders in the market. Every trader can get the second income by receiving success fees from their followers. It is the smarter way to trade where a trader can choose among the best performing traders and copy their trading activity. It means the traders can earn the second income by allowing others to follow your trades.

This gives the trader the advantage of making money on “borrowed funds”. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. This is also one of our main review criteria when it comes to grading an exchange.

Primexbt Com Review

Traders can take advantage of such tools provided by trading platforms like PrimeXBT, and open positions with up to 100x leverage on either the ETH/USD pair, or the ETH/BTC pair. With the asset’s price rising and falling to such highs and lows, Ethereum is an especially great asset for traders who can take advantage of these price swings with a long or short position. Once you have decided which cryptocurrency trader you would like to follow, you will need to make sure the funds you want to copy trade with are on your main wallet, not your trading wallet in PrimeXBT. When you click on the Covesting tab you are presented with a long list of cryptocurrency traders. Here you can see the returns they have made over the past 24 hours as well as since they have joined.

Apart from Bitcoin, there is a price forecast for Ethereum, XRP, Litecoin, and Stellar. Another website that gives purely cryptocurrency price information is Crypto Rating. It provides price prediction for a long list of cryptocurrencies and offers in-depth information on how cryptocurrency price predictions are done to Foreign exchange reserves ensure high accuracy. Unlike other websites, you will need to sign up on the platform to view full prediction information on any cryptocurrency. Perhaps the most interesting thing about this website is that it only provides information on the prices of cryptocurrencies, unlike the others that cover other assets as well.

This article highlights the top ten cryptocurrency price prediction websites you should follow to stay up to date on any asset of your choice so that you can invest with expectation. Investing in any asset requires a lot of knowledge and research to be able to make the right decisions. There are different sources of information on cryptocurrency investment, but one of the most important of such information is the price prediction of the asset you are interested in. Any fall should be quite well supported around the $500 level, which acts as a support now.

Prime XBT Analysis

As a cryptocurrency that Paypal currently supports, it is expected that organic investors demand to increase with time. With DeFi, ETH simply has that added price catalyst that other cryptocurrencies do not have. Its DeFi use-case alone will spring the price of ETH upwards, while ETH 2.0 upgrade is the icing on the cake. Another interesting tab that you will see after you create your account is the Turbo platform. If you are a beginner, then you will Turbo to be a great starting point.

Creating An Account With Primexbt

But there is one disadvantage of this, that your trading becomes public. However, it is an excellent technique to get maximum risk covered with safe trading. There is no need to do any download or installation of the system.

Prime XBT Analysis

Here you can find additional information on how to trade futures products. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. Something else that is really pretty neat about the Turbo platform at Prime XBT is the social aspect. You can see what the other traders are doing and you can also compete with them in the leader board. It is also a precursor to their co-vesting product they will be releasing soon.

This Account Is Under Investigation Or Was Found In Violation Of The Medium Rules

When it comes to the charting package, PrimeXBT seems to have quite comprehensive charting functionality. This could be ideal for those of you who like to trade with technical analysis. We were actually quite impressed with the Prime XBT trading platform. They have developed their own trading technology and there is extensive functionality which can satisfy traders of most skill levels. As a trader, you will be spending over 90% of your time on the main trading platform. As such, it is quite important that it is well laid out and semi intuitive from a user interface perspective.

Prime XBT Analysis

You can view specific examples with calculations for each of these types of trades on PrimeXBT. There is also information on calculating your profits, so you can understand what is going on in your account. To calculate your profit or loss, you just take the difference in price points at opening vs. closing and multiply this value by the size of the position. If you combine it with leverage, you can increase your position size. Since the cryptocurrency market does not always increase, PrimeXBT offers methods of profiting whether the market is going up or down. You can trade any of the most popular cryptocurrencies and hedge existing holdings or profit from rallies or declines in the market.

Asset Coverage

Another advantage of leveraged trading in general is that it allows you to short an asset. This means that you can make money on a fall in the price of the asset. In the case of a short position, you are borrowing the coin in question in order to sell it forward in the future. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds.

However, as we’ve mentioned before, PrimeXBT has one of the lower trading fees in the entire ecosystem. Funds that have 100x or 1000x leverage may get exhausted by even a slight change in market volatility. This is the reason why the effective management of your market risk is critical. Encyclopedia of Chart Patterns Review If you do exhaust your equity and your account falls below a certain level, you will reach a stage that’s called “Margin Call.” When you reach this stage, PrimeXBT will close your position to manage risk. If you have a higher exposure to the market, PrimeXBT will reduce leverage limits.

It allows you to take a position on an asset over a period of time for a defined gain. PrimeXBT currently has the lowest fees, offering a flat 0.05% trading fee on all Bitcoin trades. PrimeXBT also introduced a new fee structure that allows active traders to receive generous discounts based on their 30-day BTC turnover. Trading fees are another important factor to consider while choosing your exchange of choice. You don’t want to end up paying a small fortune after adding up all your trades, right?

Prime XBT Analysis

If you are looking for information on the gainers and losers on any day, you can also visit this website to get the information you want. Walletinvestor is one of the most popular websites when it comes to investing in cryptocurrencies.

Provisioni Bitcoin

These are BTC/USD, ETH/USD, EUR/USD, GBP/USD, EUR/JPY and USD/JPY – so nowhere near as much as with the actual platform. Something that most traders are no doubt aware of is the risks of “order slippage”. This occurs when you place an order and the price that you get is nowhere near your desired entry point. Given the amount of leverage that you will be trading with as well as the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good.

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