Top Five Ways Traders Can Increase Income With PrimeXBT Tools

With rising inflation and a possible recession on the horizon, everyone is searching to find additional ways to earn income through side hustles, online gigs, remote work, and other savvy non-traditional means. For traders, PrimeXBT aims to provide opportunities to increase earnings, even during the current economic conditions. 

Among the ways listed below includes an increasingly popular profit-driving tool that aims to offer as much as 4,000% ROI. Keep reading to find out the top five ways that it is possible to grow capital with innovative PrimeXBT margin trading solutions.

Boost Your Buying Power With Leverage

Margin trading platforms like PrimeXBT give traders the ability to maximize their capital by using leverage. Using 100x leverage, for example, $1,000 in trading capital is instantly turned into $100,000. A 10% increase that would typically yield $100 in profits would produce $10,000 instead.

Between 2020 and 2021, Bitcoin increased in price by 1,600%. Using the exact position sizing above, $1,000 at 100x leverage would generate $1.6 million in profits. Potential losses are also magnified, but technical analysis software and risk management tools are provided to minimize the impact of drawdowns.

Leverage can be applied to both long and short positions and is available at different levels depending on the asset class and trading pair. PrimeXBT offers exposure to cryptocurrencies, stock indices, commodities, precious metals, and forex currencies.

Copy Top Traders For 4,000% ROI

Another primary feature at PrimeXBT is the peer-to-peer copy trading community. Central to the experience is a transparent leaderboard system, which ranks copy traders by performance and displays any available performance metrics.

To join the ranks, traders must create a strategy. The community also consists of followers, who can automatically copy the trades of these high-performing traders by clicking follow. Followers are provided with stop loss and other risk management tools and can follow several followers at once to build a portfolio of top-ranked traders.

Top strategy managers in the leaderboards currently showcase as much as 4,000% ROI, with several top traders with more than 2,000% ROI each. Followers can tap into incredible profits in just a click. Strategy managers also earn a profit share from followers' copied trades, offering two different ways to earn income from copy trading.

Grow Your Network To Earn More

Strategy managers are incentivized to grow their network since more followers mean more income overall. However, all PrimeXBT users can benefit financially and boost earnings by promoting the platform to friends, family, or on social media.

Located in the PrimeXBT account dashboard is a unique referral link that, when shared, can earn users up to four levels of commissions from each new user who successfully completes the registration process. The new user will generate up to 20% in commissions. If that user then refers new users to the platform, you'll also get a cut of that trader's fees paid back in commissions. 

Again and again, if the new wave of users brings in more users, additional commissions are earned for four levels total. With this four-level system, it is possible to grow a network of income-generating commissions. 

Invest In Yourself With Trading Education

The most successful individuals financially are those that regularly invest in education – whether it is through college courses, online webinars, or even YouTube videos. The more knowledge learned, the more it can be applied in real-world global financial markets.

Paying for such courses isn't always possible due to income restraints. However, the PrimeXBT Trading Academy is offered for free. All educational material is designed by PrimeXBT Head of Trading Education Dirk Hartig – a veteran trader with more than 20 years of expertise in the field. 

Hartig has developed a program filled with video tutorials, trading tips, market updates, and other helpful content. Hartig also regularly hosts live streams during critical events such as Federal Reserve meetings. Use the info to improve skills and get complete analysis to help make informed trading decisions.

Compete For Trading Capital & Gain New Skills

After learning new tricks, it is time to hone your skills further in the risk-free PrimeXBT Contests trading tool. Each week, new trading competitions are launched where users can compete for a chance to win free trading capital or crypto-based prizes to increase income instantly.

No-risk virtual funds allow traders to practice what they learn from the PrimeXBT Trading Academy, experiment with various trading pairs, or backtest trading strategies. The service can also be used to have some fun trading without the fear of losing money.

PrimeXBT often uses the platform to launch exclusive Bug Bounty Contests with massive prizes when new features or products need to receive additional testing and feedback from a broader, active user base. Currently, users can join a $100,000 Bug Bounty Contest by testing the upcoming PrimeXBT Crypto Futures platform. Visit the official PrimeXBT blog to learn more.

Conclusion

We have barely scratched the surface of the many ways it's possible to make money with the award-winning PrimeXBT trading platform. Other opportunities include buying crypto, an ambassador program, and much more. New features are being released regularly according to the company roadmap.

The PrimeXBT mobile app for Android and iOS devices ensures that traders can stay connected to all of these essential income-generating solutions and take advantage of the full suite of trading tools offered. More than 100 different trading instruments are just a tap or a swipe away.

Check out the official PrimeXBT website for more information or to get started using the platform Crypto Expo Dubai dubbed the most trusted crypto asset trading platform of 2022.

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.