In a bear market, most articles and guides are designed for beginners wondering what to do to survive the ongoing market conditions.
These investors and traders with limited experience need all the additional guidance they can get.
But what about the expert traders and investing pros who know markets inside and out and are making more money than ever during the recent volatility? In this guide, you will learn all about how to create a strategy using the Covesting copy trading module and how to attract as many followers as possible to earn more income than ever before.
What Is Covesting?
The Covesting copy trading module is a peer-to-peer copy trading community centered around a transparent leaderboard system with deep insights into the performance of the traders listed there.
These traders, known as strategy managers, have their trading history displayed publicly and performance rated and ranked for followers to view.
Followers use this vital performance intel to pick which strategies to follow based on their risk appetite, profit goals, and more.
By following, followers automatically copy the trades of the strategy managers they choose to follow. Followers can copy more than one strategy at once, making the community highly competitive.
How to create a strategy with covesting
Anyone can create a strategy manager account, but not everyone is cut out for the competition at PrimeXBT Covesting. Top-ranked strategy managers currently boast as much as 4,000% in total profits. However, expert traders should enlist and try becoming strategy managers.
To become a strategy manager, you must be registered at the award-winning margin trading platform PrimeXBT.
After completing the account setup and either making a deposit or buying crypto from the platform with a debit or credit card, navigate to the Covesting copy trading section of the platform and click on Create Strategy. Meet the necessary deposit requirements and fill out all required information. That’s it!
How to attract followers to increase income
The incentive for becoming a strategy manager isn’t just clout when you rise the ranks of the Covesting leaderboards but because strategy managers earn a portion of each follower’s success fees. This means that the more followers a strategy manager has, the more money that can be made.
Attracting followers is a lot easier than it sounds. If you are a prominent, well-known trader, chances are you might have some followers on social media already that you can potentially convert to followers on Covesting.
There is even a referral program at PrimeXBT that can earn revenue from each new user referred. Combined, when actively sharing successful performance on social media with friends, family, and more, it is possible to grow a massive revenue-generating network over time.
How to keep more profits in your pocket
The Covesting copy trading module is part of a much larger ecosystem at PrimeXBT, which also includes APY-generating yield accounts and the COV utility token.
The COV utility token is the native cryptocurrency token to the complete Covesting ecosystem, offering a variety of benefits for users.
COV token utilities can be activated by enabling Premium, Advanced, and Elite COV token memberships. Utilities include an increase in the profit share for followers, or more importantly, for strategy managers, there is a trading fee discount of up to 20%, reducing fees while actively trading.
Conclusion
The Covesting copy trading module is a unique way to broaden your revenue sources if you are an expert trader. During a bear market, investors are more eager to find a solution to losing capital, and that solution could be you.
By copying your trades, followers will make money off your skills and success, but at the same time, make you a lot more money than you could otherwise.
Covesting copy trading is available exclusively at the PrimeXBT margin trading platform. Strategy managers can access powerful trading tools like long and short positions to trade more than 100 different trading instruments.
Markets include forex, crypto, stock indices, and commodities, all of which can be managed while on the go using the PrimeXBT app.
Become a strategy manager with Covesting today, attract more followers, and make more money with PrimeXBT.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Source: https://beincrypto.com/create-a-strategy-with-covesting-copy-trading-module/