The Covesting module allows traders to set up and manage a Strategy and/or Follow another trader's Strategy. A Strategy is a pool of a trader's personal funds which is visible to the public and can be Followed by others. This provides an excellent opportunity for both experienced successful Traders and Followers to greatly boost each other’s profit potential.
Primexbt Covesting is an excellent opportunity to earn profit for both active traders who wish to manage a Strategy as well as for anybody who wishes to earn a passive profit by following successful Strategies of other traders.
As a trader, you can create and manage your Strategy. Others can Follow your Strategy and automatically replicate your trades on the market. You will then receive a percentage of all profits made by your followers, thus maximizing your profit potential.
Covesting is an excellent opportunity to make passive profit for those who are not able to or do not want to trade personally. By following desired Strategies, you automatically replicate their trades on the market, thus following the trading decisions of experienced and successful traders.
Yes, while managing a Strategy leverage is applied to all trading activity.
The minimum amount of personal funds required to create a Strategy:
BTC denominated Strategy: 0.05 BTC
ETH denominated Strategy: 1.2500 ETH
USDT(erc20) denominated Strategy: 2,500 USDT
USDC(erc20) denominated Strategy: 2,500 USDC
Yes, as a Strategy manager, your Strategy's trading account core statistics become visible to other traders and followers, including Total/Today's profit, Strategy equity, Performance, the amount of followers currently following your Strategy as well as the amount of days your Strategy has been active.
Upon Strategy creation, a Strategy trading account is created. All Strategy trading activity is performed exclusively on the Covesting module 'Trade' page.
A Strategy manager can create and manage Multiple strategies at once, denominated in different currencies.
Yes. There is no limit to the amount of consecutive Strategies that can be created.
Yes. When creating a Strategy, a separate Strategy trading account is also created. This means that a trader can manage a Strategy while simultaneously privately trading with his personal trading account
No. Profit share success fees apply only to Equity from Strategy Followings.
The minimum amount of personal funds required to Follow a Strategy:
BTC denominated Strategies: 0.001 BTC.
ETH denominated Strategies: 0.02500000 ETH
USDT denominated Strategies: 50 USDT
USDC denominated Strategies: 50 USDC
Yes. Followers can have multiple Followings in multiple Strategies at once.
PrimeXBT platform interface consists of 5 main sections:
Main - make deposits, withdrawals, change account settings and keep track of your account’s activity and statistics. Quick access Margin, Turbo and Covesting sections.Margin - manage your margin account, monitor the market, place trades and control your orders and positions.Turbo - predict price movement and earn by means of short-term Bitcoin settled contractsCovesting - Strategy management and FollowingsAnalysis - charts by TradingView for technical analysis
Let's take a separate look at the Covesting Strategy management and Following section.
Covesting (main section)
Covesting allows traders to set up and manage a Strategy - a pool of their own assets which is visible to the public and can be Followed by others. This provides an excellent opportunity for both experienced successful Traders and Followers to greatly boost each other’s profit potential.
The creator of a Strategy is known as a Strategy manager, while those who follow a Strategy are Followers. Upon creation, a Strategy becomes visible to the public and available for following:- Strategy Manager controls trading activity of the Strategies they are managing - Followers automatically replicate the trades of the Strategy they are following
Creating a Strategy allows Strategy managers to receive a percentage of all profits made by their Followers, while allowing Followers to make passive profit without having to personally trade on the market, thus maximizing profit potential for both parties.The Covesting module consists of 4 sub-sections:
Rating
The ‘Rating’ page reflects the current ratings and core statistics of all Public Strategies. Here you can review any Strategy you wish to Follow and filter Strategies by desired stats, such as Profit indicators, Followers’ Equity, Name etc.
Click ‘Follow’ to set up and start a Following of a chosen Strategy.
To filter Strategies by various indicators, such as Profit%, Name, Currency etc., or if you are unable to find a particular strategy, use the Filter settings at the top of the 'Rating' page:
If you do not see any Strategies in the Rating list try clicking the filter 'Reset' button in the top right corner of the filters bar to reset your filter parameters.
Portfolio
The 'Portfolio' sub-section reflects your Followings’ statistics and allows you to manage your Followings and Review Followings' history:
My Strategies
‘My Strategies’ reflects core statistics of your active Strategies as well as your closed Strategies’ History:
