/biz/ - Business & Finance

>>13829345
for those that found this information helpful you can use my ref code as this is a relatively new exchange (established Feb 2019)

https://primexbt.com?signup=94204

Is referral begging against the rules?

>>13829356
>>13829345
>green ID
will also answer questions for those who are curious how to margin trade and what short/long positions mean and how to use their platform

>>13829363
at least this thread is adding value
I have been in crypto for a while and am familiar with stop loss orders, limit orders, but never learned margin trading
this type of trading adds a whole new dimension and enables the holdings you have to be leveraged for profit
the best thing is you can offset risk in the crypto market by holding positions on traditional stable markets and primexbt offers all of this on one btc account
best thing is, no fucking selfie and ID pictures need to be submitted
register, set up your security (GA) and get to trading

also this concept looks really interesting

https://medium.com/primexbt/check-out-a-sneak-peak-of-the-covesting-module-on-primexbt-3f0e20ff79e0

>>13829424
If you don't feel comfortable taking positions on your own, they're adding in a "covesting" module where you can track top traders and invest your holdings alongside them and you both profit.

Investors can remain confident in the safety of their invested capital due to the segregated structure of funds. Each investor’s allocation is separated from one another, and kept separate from the manager’s equity—only the original investor can withdraw their investment from a fund.
New investors won’t have to sit back and watch more experienced traders rake in profits while they’re stuck getting liquidated or stopped out. Alternatively, traders with more experience who don’t want to be glued to a computer watching markets all day may opt to follow another trader and let them bring in the profits instead.
Regardless of the reason, investors who select the right fund to invest in using the Covesting module can open up significant opportunity for profit.

>>13829501
They keep expanding the functionality of their platform and introduce a variety of tools that empower the trader. Its a breath of fresh air after surfing chink exchanges all these years on the alt markets.
Looking back to binance, it is like amateur hour compared to these guys. Much more professional with a focus on being the best platform for traders and not a money washing operation like the asia hustle exchanges

does primexbt use maker taker fee model like bitmex? i.e. can i avoid trading fees on limit orders?

>>13829593
unlike bitmex, they have their whole suite of charting tools and tradingview for free, no premium memberships required

>>13829650
>does primexbt use maker taker fee model like bitmex? i.e. can i avoid trading fees on limit orders?
here is a breakdown of their fees

https://primexbt.com/fees

The fee is .05% of the position size so at 100x ends up being 5% of the amount of margin you used. this fee is charged for opening and closing the trade so it totals 10% of your margin. this means that you will need eth to go up 2% (on a long) for you to break even from trading fees.

Fees also depend on what position it is: crypto, forex, indices and commodities

>>13829702
via the entry book inputs for loss and profit boundaries (measured in satoshis) you can establish loss and profits you are comfortable with to close out your position (whether up or down, you set for both cases)
this way you control your risk to losing satoshis on a bad deal while optimizing it for potentially gaining satoshis on a good deal
very great trading dimensions are available in this case, can't believe I didn't realize this sooner

>>13829724
you can also close out your position at any time before it reaches your limits, if the price swings favorably in you way, you can close and then re-enter once the dip comes in again
here's a sample of the workspace I use when trading and the indicators I use
anyone got any tips for other indicators I should include?

But can I trade stinkies on it?

>>13829773
you fund your account with btc
you transfer that to your trading account
you open positions on a variety of pairs, broadly speaking, crypto, forex, and commodities and indices
your profits will be in satoshis
you can buy link with btc on the chink exchanges

>>13829345
>-can take short/long positions on btc/eth/ltc/xrp
forgot they have EOS listed as well

>>13829345
don't forget you can short here and make money during the dips and crashes
always always always set stop limits to prevent your losses from exceeding your balance and getting liquidated

>>13829702
This fee structure makes margin trading prohibitive though? I've heard good things about primexbt and will look into it again for other things like commodities, but the maker taker fee structure is what makes leveraged trading worthwhile on bitmex. No one would use it otherwise.

>>13830296
>but the maker taker fee structure is what makes leveraged trading worthwhile on bitmex
here's a good breakdown on the comparison of fees
https://www.reddit.com/r/Bitcoin/comments/aph023/100x_btc_leverage_trading_primexbt_vs_bitmex/

>>13830296
here's a good chart for a QRD

>>13830378
https://ethereumworldnews.com/analyst-research-a-comparative-study-between-primexbt-and-bitmex/