Understanding the Bear Trap in Trading: A Deep Dive

I’m a long time PrimeXBT user and this was one of the main features that drew me into the platform. By copying the trades of expert traders, I was able to benefit from their knowledge and experience. However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. This is active and manned 24/7. The hottest and most popular news, stories, interviews, press releases and opinions about startups, entrepreneurs and new technologies in Africa. However, PrimeXBT has a Forex trading service with currencies, indices, and natural resources, including gas, oil, and precious metals. We also offer the option to withdraw money. PrimeXBT, established in 2018, is an online trading platform that provides advanced financial technology to traders worldwide, helping them maximize market opportunities. Date of experience: July 11, 2024. You’re ready to secure your profit, so you buy back 10 BTC at $7,354. The platform is ok, but Taker and Maker fees on crypto are too hight to be hones. For instance, BTC withdrawals are pegged at a static 0. PrimeXBT offers the following deposit and withdrawal methods. The Voltaire era will allow voting on projects by the community by leveraging the existing staking and delegation process that started back in the Shelley era. As PrimeXBT provides its own digital wallet service, depositing Bitcoin is very straightforward if you are familiar with how to make a Bitcoin transaction. You can download it from both AppStore and Google Play. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. PrimeXBT gives users the tools to perform technical analysis using Chart drawings and technical indicators. Reasons for the Decline Regulatory Uncertainty Regulatory uncertainties have been a. Please take all predictions with a grain of salt, as the influence of outside forces will remain an issue in the cryptocurrency market in general, not just the Polkadot network and its DOT token. It goes against our guidelines to offer incentives for reviews. As of this writing, AAVE is trading at $94. The same protocol is on Cardano. All fields are required.

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July 22, 2024 14:28 UTC. If you do not meet a margin call, this triggers an automatic liquidation of your position until there is enough margin left in your account to cover any credit risks. In the Deposit section, next to your personalized BTC wallet address created by the PrimeXBT platform, in the upper right hand corner, there is another section labeled Alternative Deposits. They also offer 24/7 multilingual support via live chat and email to assist with platform questions or account issues. United States of Minor Outlying Islands. Date of experience: May 20, 2024. Margin trading is the act of borrowing from your broker to increase the position size that you would normally be able to trade. Alternatively, you can click ‘Verify Account’ from the same menu. Find out which is better between PrimeXBT and Bybit 2022. This fee structure encourages liquidity in the market while ensuring fair trading for all participants. This is impressively fast and means that traders are less likely to experience slippage. Valexandrasantiagoxvjen. This welcome offer can increase your profitability up to 35%. As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. The PrimeXBT app is free to download on iPhone iOS and Android APK devices via the Apple and Google Play stores. If you buy Ethereum at a lower price and you can sit through the type of volatility seen from time to time and add to your overall holdings, this has proven extraordinarily profitable so far. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. So, should you use mobile trading. 20 EUR/CHF peg which sent shockwaves through the markets. Make sure to check out our Stop Loss and Take Profit video tutorial. Wundertrading is a social trading platform that focuses on creating a community of traders, fostering collaboration, and providing educational resources. PrimeXBT is no exception. Implications for Bitcoin The Fed’s cautious stance on interest rates had a pronounced effect on Bitcoin. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Its fees are competitive and it supports a variety of cryptocurrencies.

Bybit Security

Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. 🚀Also it’s sad to hear that you faced with lags, please, don’t hesitate to reach out to us at. Each coin has unique features and attributes, making fundamental analysis more challenging for pricing Cryptocurrencies. 0005 BTC while ETH is charged 0. Users can trade long or short to enhance earnings through rising and falling markets. Firstly, it offers a diverse array of assets — from crypto CFDs to stock indices — focusing on innovation for a seamless user experience. Security is key for PrimeXBT and its competitors like OKX. Because of this, taking precautions is the best thing you can do to prolong your trading career. Canto blockchain experiences prolonged outage, fix scheduled for Monday. Well, it’s tough to catch these values, becuse they are usually wider, nevertheless it doesn’t mean that you will be ripped off by the broker and its liquidity providers. PrimeXBT Bonus 200$ and 35% Deposit Bonus. This PrimeXBT review article will delve deep into what PrimeXBT has to offer. It also stands out for allowing users to trade various assets, including cryptocurrencies, stocks, commodities, and indices, from a single platform.

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It allows you to deposit up to $2,000 using fiat payment methods, such as debit or credit cards, without completing KYC. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. Prime XBT only charges two types of fees – the trade fee, charged for entering the position, and the overnight fee, which is for financing the position. Follow the same steps to trade Forex, Commodities, or Indices. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. These barriers will then lead a trader in decision making. PrimeXBT’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets. However, a new high could be made during this current cycle, which can potentially be predicted with Fibonacci extensions. This setup can help maximize your potential gains while keeping trading costs minimal. Choosing Stocks for your first trade involves research and analysis. The Prime XBT customer desk operates 24/7. This article is not intended for residents of the European Economic Area or the United Kingdom. BEWARE FINANCING FEES. The design of PrimeXBT’s platform is sleek and minimalistic. This is a highly thoughtful system, as each star is representative of something special, rather than an abstract sign of positive activity. It is still highly speculative, and crypto is a small market. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. PrimeXBT does not operate with the intent to disadvantage our users. PrimeXBT Review – The All in One Platform for CFD Trading in Crypto, Forex, Indices, and Commodities. To determine the profit or loss from a CFD trade, multiply the position’s deal size total number of contracts by the contract’s value expressed per point of movement. Some experts believe XRP’s capabilities could put it at the same level of adoption and industry respect as the gold standard of crypto, bitcoin, and the number one alt coin, ethereum. This will redirect you to the trading page and chart of your margin account. The community is a pillar that supports any new technology. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system.

Earning Options

Additionally, PrimeXBT offers zero commissions for trading commodities, forex, and indices, making it cost effective for traders. If Dogecoin future price action becomes bullish again, $1 is finally possible. You might also like: PrimeXBT Sign up Bonus. Understanding these fees is essential for maximizing your potential profits. The trend can also be exhibited in the short term. So, even though PrimeXBT isn’t regulated by big financial authorities, they’ve put in place a bunch of security measures to make sure your money and information stay safe. That being said, it is still posible to diversify with the 39 tokens that are available on the platform. When considering Bybit and PrimeXBT as your go to cryptocurrency trading platforms, key differences can guide your choice. Private blockchains have somewhat different technical protocols from public blockchains in the ecosystem, but it has several ways to resolve communication between the two distinct types of networks. Financial institutions are quickly coming around to Stellar; well known companies, including Mercado Bitcoin, Coinbase, Franklin Templeton, and MoneyGram, have joined its network. PrimeXBT account holders can generate reports to view trading and transfer activity via the Reports page. Here, you can choose the exact amount of BTC that you want to close from your position, and when you input this, you can simply hit the blue button. Additionally, in isolated margin mode, the funds in a trading account allocated to margin can not be used to trade with until positions are closed. Simplicity: Compared to normal trading, PrimeXBT Turbo is significantly simplified, reducing the need to have a deep understanding of cryptocurrency technical analysis, and allowing for profits by just picking the correct direction that an asset moves. To deposit Fiat currency USD, go to the Main page,. We collect data on the most profitable strategies created in April 2024. Derivatives are financial instruments that are designed to track the price of an underlying asset. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. It’s important to verify the sources of liquidity and volume data, which can typically be found on the exchanges’ websites or through reliable market analysis platforms. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. As a non custodial platform, Changelly does not enforce KYC processes as standard.

StaFi Protocol

You can find out more about them in our Gate. The overall winner is selected based on Return on Investment ROI at the end of the tournament. But here, it’s applied to finances. First keep in mind that it is like comparing apples to oranges, Bitcoin’s express purpose, as noted in the infamous Satoshi white paper, is to be a “purely peer to peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. If you want to deposit, all you need to do is go to your account settings, select “Deposit,” and send BTC to the provided address. Copy trading is a great tool for a lot of users with any level of experience. Get it in the Microsoft Store. After all each type of trading has advantages. For investors keen on testing their trading skills, PrimeXBT’s Contests are a must visit. 🌐 Discover all about PrimeXBT, its features, and future updates directly on their official platforms. Dear Tiago,We’re thrilled to hear that you find PrimeXBT to provide great value for both your money and time. The broker features an award winning trading platform with advanced trading and charting tools. Bitcoin BTC News Today: US Economic Data and BTC Spot ETF Trends in Focus.

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Most importantly, PrimeXBT stores most of its funds offline in a secure, cold storage environment. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. A lot of what could be a major determinant to that being the case is whether or not the US dollar loses a lot of strength. Receive the latest news and stay informed. Energy information administration EIA forecasts, on the other hand, that Brent Crude oil prices will not see a higher peak than an average of $83 dollars per barrel which is somewhat similar to JP Morgan Chase’s mild prediction. PrimeXBT operates as an offshore platform through entities registered in Seychelles and the Marshall Islands. It’s a win win for everyone. Allocate only a portion of your capital that you can afford to lose, and never risk your entire investment. Before making financial investment decisions, do consult your financial advisor. 002 ETH per transaction. Returns or profits may be subject to capital gains tax. It’s definitely designed with anonymity in mind which will appeal strongly to those who value their privacy. This feedback is never shared publicly, we’ll use it to show better contributions to everyone. We appreciate your feedback on adding more features for analysis.

20+ Best Bitcoin and Crypto Casinos for 2024

In the Cryptocurrency Service category. Suppose that the price of Bitcoin fails to fall per your prediction. Select the ‘Deposit Crypto’ option. Kate earned her master’s degree in broadcast journalism in University of Westminster, London, United Kingdom. It seemed slightly outdated in my opinion from a design and navigational standpoint. While the security of PrimeXBT is on a high level, the lack of regulation by top tier authorities can be a cause for concern. Get the weekly summary of crypto market analysis, news, and forecasts. This minimizes the risk of unauthorized access. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with. 101979 and has a market capitalization of $ 3. Copy the best performing traders and get same returns. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. You will head on over to your dashboard section. 0% for Forex, Indices and Commodities. However, there are several ways you can reduce your taxes, such as tax loss harvesting. 1%, and variable overnight swap fees tailored to each asset. Users have reported that PrimeXBT’s interface is user friendly, with a logical structure that makes navigation straightforward. The PrimeXBT Exchange feature only supports a limited amount of swappable assets comprising BTC, ETH, USDT, USDC, and COV. This allows traders to leverage their positions and potentially increase their profits. On the PrimeXBT trading platform, you may trade using one of 2 techniques. RELATED: Best Day Trading Platforms. Trading and investment platforms are websites and apps that make it easy for people to buy, sell, and trade different financial items from their computers or phones. Aluminum is an essential material in various industries thus remains an attractive investment option in diverse market conditions. Deribit also supports various advanced functionalities, like automated trading, portfolio management, and data analysis. And, for BNB, the withdrawal feed is NIL for using the ERC 20 network. The best platform in the world will become the worst one in an instant for someone who has all their funds stolen from the exchange. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. 💰 Cold storage secures all customer assets, with manual daily withdrawals and thorough risk assessments, prioritizing fund security over transaction speed.

Editorials

There are eight to choose from, all of which are paired with the USDT stablecoin. Financial markets suffer from volatility, and as a novice trader, trading in financial markets can be scary for several reasons, including a lack of knowledge, risk of losing money, market predictability, emotional factors, etc. Most signals Crypto Inner Circle offers have multiple price targets, giving crypto traders even more control over risk management and market exposure. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. The Channel Up is making the first important test of this uptrend on the 9600 Resistance 1 level. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Think of it like having multiple locks on your front door to keep out any unwanted guests. Spot trading commissions cost 0. In this article, we’ll explore all aspects of copy trading in crypto. In an interview with Thinking Crypto, Bitboy Crypto didn’t hold. You literally pay nothing for trading BTC/USDT or ETH/USDT futures. CFDs, or Contracts for Difference, are financial derivatives that allow traders to speculate on the price movements of various assets without actually owning the underlying asset; it’s more of a contract with a broker to exchange the difference in the value of an asset from the time the contract is opened to when it is closed. If the price of the asset has fallen in the meantime, the trader has earned a profit. Tesla Maintains Holdings After Initial Sell Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. It’s great to know that you found our platform through reviews and articles and decided to start your trading journey with us. Bitcoin Surges Following Fed’s July Interest Rate Decision. Historically, ADA reached an all time high of approximately $3. The latest app update focuses on bringing the Covesting ecosystem to the PrimeXBT application in a much more significant way. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Even if the traders are only interested in crypto at the time, having additional markets available increases overall opportunity and chances for success. Day trading is a strategy in which traders open and exit positions within the same day trading session. PrimeXBT offers a comprehensive platform for trading both crypto futures and traditional asset CFDs. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. As mentioned, you can also trade forex, commodities, and stock indices. Gold is an established and mature market for investable assets. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access.

Worse

Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 90 cryptocurrencies. This PrimeXBT Crypto Futures review will complement our previous review, and should simply give you more info about the company than you had prior to reading. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms. Anytime you try to predict the future price of an asset, it is fraught with difficulties. Let us introduce you to PrimeXBT, your gateway to a diverse universe of financial markets. Educational resources are abundant, and you can test the platform with a free demo account, supported by round the clock customer service. Each coin’s buy and sell price will be listed on the exchange. 02% for Crypto Futures, and a 0. Cryptocurrencies are digital currencies that are usually encrypted, peer to peer, decentralised and kept on a distributed ledger or blockchain. At the support level, the downtrend pauses because of a rise in demand. Withdrawal: It is possible to withdraw funds once the required volume of trading has been completed. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. The cryptocurrency market is still new and buzzing.