Make some bitcoins on Prime XBT

Make some bitcoins on Prime XBT


I discovered this platform by an add on youtube. Before I recommend something in my articles, I previously try it and see if I get paid. When I was younger my first approach with this world, was forex trading of euros, swiss francs and oil.

I personally made some money on Forex. When I heard Forex leveraged trading with cryptos, first I said absolutely NOT because it's a volatile market. The biggest problem of my personality is that I am way too curious. So I used to be fan of other platforms such as: XM, which is a nice forex platform, where you can practice demo and trading starting from 10 dollars. And then I suscribed to PRIME XBT on https://primexbt.com?signup=82968.

The process of sign up and KYC verification is lot easier than in other crypto sites. After you confirm your email, your login data is as follows:

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After you login, you have to transfer funds at least 10 USD in bitcoins, which is aprox. 0.0018 bitcoins (May 4th, 2019).

In other platforms, when you start trade your initial spread goes at least over 0.1 dollar or more. Here you can start with minimum amounts. The leverage is 1:100. For example today I bought 1 lot of 0.1 ETH and 1 EOS, my used margin is 0.22 dollars. Your profits or losses are recorded in bitcoin amounts (with dollar conversion).

 

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So for example my balance is 1.08 dollars and my profits go to 0.02 after 2 minutes of trading, which sums the equity of 1.11 dollars. If you start with the initial spread on Ethereum bid, it's only 8 pips. For small amount such as 0.1 ETH it's less than 1 cent of dollar. As in other platforms you can pick different instruments, such as: 

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There you can select the pair you want to trade. When I trade, I have 2 options:

a) Purchase on real market price

b) But I recommend to program the purchase according to your previous technical analysis. First you should check the fundamental news and charts (coingecko might be a good idea). 

In both cases, you should program your stop loss and the take profits. This is how you protect your funds against unexpected market spikes.

 Here is how it looks like when you trade:

 

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My open positions appear at the bottom of the chart. I make profits (green numbers) on Ethereum and small losses on EOS. Whenever you decide you can close your trade.

Whenever you decide you can withdraw your cash from this platform. For example first I invested 0.0042 Bitcoin, after I had a profit 0.0053 I retired 0.0046. They charge a pretty heavy commission of 0.0005 BTC per each withdrawal, so you should earn at least of 0.002 to make it worthy. The withdrawals have to be confirmed by you at your email, and take aprox. 2-3 business days to be performed.

In many Forex sites they warn you the following statement: More than 80% of participants lose their money on the trade. That means only 19% of people make profit.  So if you want to try it and you are a newbie, you should first be aware of the following facts:

1) It's a leveraged trading, so your money behaves like this: you invest USD 1, but that dollar acts like an investment of USD 100 on the certain investment instrument, you choose.

2) If you start, you should do a demo trading on other forex sites because it's better to loose demo money than real money. You have to always analyze your trading mistakes.

3) Before you trade, perform  always technical analysis.

4) Don't be afraid of losses. It's natural, the probability of loss is around 25% even if you made a great technical analysis. In my opinion it's better to accept 10 dollar loss in few minutes, than 150 dollar loss in 3 hours.

Your progress can go like this: You open your account with 20 dollars, first day you earn 3 dollars, second day you make only 0.5 dollars, third day you loose 2 dollars. But anyway you made your profit of 1.5 dollar (7.5% in 3 days).

5) Don't get so confident. Emotions of trader can be one of their worst enemies. If you get heavy losses one day, don't try to fix them the same day. You'd better close it and you return other day with colder head and more focused.

6) If you have an open trade, try to monitor it frequently, but it doesn't mean that you have to be stick to your computer 24/7. If you want to be 100% relaxed and you wanna go on vacation, rest from trading.

7) After you reach a desired amount of profit (for example 1 dollar) close it. Set your goals, strategies and obey them, be disciplined!

8) If you earned money you can send it from your trading account and transfer them to your wallet. That cash transfer it your bitcoin wallet, exchange, buy Hydros; do whatever you want to do with it. But don't have it there forever.

9) Visit sites of Forex education trading; there are lot of webinars and you can find new resources on youtube or paid courses such as warrior trading, that is heavily advertised recently.

10) This site provides you good affiliate commisions; 20% on the first layer, other layers are available too, so you can give it a try as a digital marketer to, without need of investing any money.

https://primexbt.com?signup=82968

If you want to have access, make money for reading professional articles on crypto or writing your articles, sign up here: 

https://www.publish0x.com/?a=N1aMQAQaWm

 

 

 

 

 

 

 

 

 

 

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