By Bitcoinist - 1 year ago - Reading Time: 3 minutes
From 15% to 4000%: How Much Top PrimeXBT Copy Traders Earned In 2022 And How To Profit From Their Success
2022 is now in the history books, and will go down as one of the most challenging years in markets potentially ever. The traditional stock and bond-based portfolio investors have sworn by has seen the worst performance in over one hundred years.
Major stock indices and individual shares of publicly traded giants like Tesla and Apple have taken a nosedive. Oil prices are nearly down 50% from the year’s highs driven by price inflation and war. Bitcoin and Ethereum have each shed more than 78%. Carnage is everywhere in crypto.
Yet despite the drawdowns from all-time highs, the brutality of the bear market, and the recent extreme sentiment around a possible recession, top PrimeXBT copy traders earned as much as 4,000% ROI in 2022. Find out how they did it, and how you can profit from their runaway success.
What Is PrimeXBT Copy Trading?
PrimeXBT is an award-winning margin trading platform recently named the Most Trusted Crypto-Asset Trading Platform of 2022 by Crypto Expo Dubai. A primary competitive advantage that PrimeXBT offers is a complete, peer-to-peer copy trading community.
Copy traders get access to the most powerful trading tools, long and short positions on forex, crypto, commodities, and stock indices using leverage, built-in charting tools, and much more.
What Makes PrimeXBT Copy Trading A Success?
What drives this community is the essence of competition and of course, profits. At its core, there is a public leaderboard where top traders from around the globe gather to become strategy managers. Once signed up as a strategy, all of the trader’s performance is automatically and transparently tracked for the audience of potential followers to see.
Followers can automatically copy the trades of the traders ranked within the leaderboards by clicking follow, and use the risk and success metrics to monitor strategy performance and profitability. The better the performance, the higher the trader will rank and the more attention and income they will receive. Strategy managers get a cut of each follower’s success fees, making for a lucrative and synergistic setup.
How Successful Were Copy Traders In 2022?
Across the ranks of hundreds of copy traders enlisted at PrimeXBT, on the lower end less experienced traders managed to remain profitable, with roughly 15% ROI. As we move further up the list, very quickly do we start to see 100%, 500%, and even 1,000% ROI during the calendar year.
A full six copy trading strategies closed out one of the worst years financially on record with more than 1,000% ROI. The top three on the list, each had more than 2,000% in total profits for 2022. The most successful trader of all, was a strategy manager by the name of Citadel Two, with a grand total of 4,026% in total profits, topping the records for the year.
How Can You Profit Like The Pros?
While not everyone in the world has such skills, what makes the PrimeXBT copy trading experience so special is the fact it is open to anyone, so regardless of your skill level, it’s possible to also achieve such incredible performance. Although PrimeXBT also has educational material to assist you with becoming a better trader, some are better off letting others do the heavy lifting or use their years of expertise.
By clicking follow, followers can choose an amount of crypto capital to allocate to each strategy. The ROI achieved by the strategy manager will be applied to the investment while following the trader, minus any success fees and platform commissions. Followers can also follow more than one strategy at once to build a risk-averse portfolio of traders.
What Are The Risks Associated With Copy Trading?
Like any type of investment or trading activity, there are some risks involved with copy trading. However, PrimeXBT copy trading includes risk management tools like stop loss levels to avoid any unwanted drawdowns, and take profit orders than secure gains without stopping following the strategy.
Plus, followers can stop following at any time, withdraw their funds, and invest in another strategy should they see fit. Funds can be used to access any of the other cryptocurrency-based products and services offered through PrimeXBT. The platform is ultra secure and utilizes a proprietary cold storage process to protect customer funds.
Summary
With such little risk involved and potential upside of 4,000% or higher, don’t get caught in another disaster of a year financially. Make PrimeXBT copy trading your New Year’s resolution in 2023. Visit the official PrimeXBT website or download the mobile app for Android and iOS devices.
Original source: Bitcoinist