Trading is solelyabout growing profit margins, so traders are always keenly aware of the feesbroker’s charge that eat into their bottom lines. It’s not uncommon for tradersto even select the platform they used based on the fee structure being fairenough to fit their goals.
PrimeXBT offers some of the lowest fees on the market,but recently also debuted a new, progressive discount system for trading feesthat has raised the bar even higher across the finance industry. The new systemrewards the most active traders with a tiered discount system, with each levelproviding an opportunity for an increasingly deeper discount off trading feesacross all assets offered by the trading platform.
At each level ofdiscount, trading becomes a lot cheaper due to less fees chipping away atprofits, allowing traders using the platform to grow their capital that muchmore quickly. And reaching each new level is simple.
At a level of just 300BTC in trading turnover to 600 BTC turnover, users of the platform will receive25% off trading fees, while anyone with over 600 BTC turnover is privy to amassive 50% off trading fees.
All of the platform’susers can monitor their progress toward each of these levels.
Those that aren’tactively working toward achieving the highest level of discount are missing outon the greatest potential profit margins, and aren’t getting the most out ofthe cutting-edge trading platform.
However, there are anumber of ways a trader can speed up the process and achieve the best discountpossible in the shortest amount of time. Check out the following day traderlife hacks designed to hastily reach the highest level of discount possible.
TakeAdvantage of Advanced Order Types
Did you know thatPrimeXBT offers OCO orders, also called ‘one cancels the other’ orders? Theseorders combine a limit and a stop order and are designed to trigger at aspecified amount, canceling one order and opening a new order.
For example, a tradercan buy a breakout with a long order as an OCO order, with a stop set atresistance that once it is reached, becomes a short order that can be held backdown to support. This allows traders to never leave any profits on the table,and by increasing the order frequency, contributes to growing their rate towardthe progressive fee discount.
Open HedgePositions To Maximize ROI
Every trader hasexperienced this. You’ve nailed a winning entry, and it looks like this couldbe the home run trade you’ve been dreaming of. Except things look like they maybe reversing, according to indicators and that common feeling in the pit ofyour stomach. Rather than risk letting profits evaporate if price goes theother way, or closing before you are ready to throw in the towel, traders canopen up a hedge position.
On PrimeXBT, traderscan hold both a long and a short position simultaneously, allowing traders toregularly build hedge positions to minimize risk and maximize profit potential.This increase in trading frequency also speeds up the progress toward thetrading fee discount.
CompoundProfits For Greater Gains
While it’s never a badidea to take profits and cash them out, by letting profits stack, capital willcompound and trade size can be increased over time. This leads to not only muchlarger position sizes, but greater profit potential, and a much faster rate ofreaching the highest tier of progressive discounts.
PrimeXBT also offersup to 1000x leverage, letting traders gear their capital and further compoundprofits for the fastest track toward a massive ROI.
ExperimentWith Traditional Markets
Many of PrimeXBT’straders got their start on the platform due to margin trading cryptocurrencies,but since the platform also offers forex, commodities, stock indices, andprecious metals gold and silver, there is a variety of assets for traders toturn a profit on.
By experimenting withtraditional markets traders can not only find new ways to profit, but they candevelop new skills and strategies, and of course, increase the speed at whichthey’ll reach PrimeXBT’s progressive discount levels.
Build aStrong Portfolio of Assets
After traders becomecomfortable trading a variety of markets, they can then begin to build aportfolio of correlated, anti-correlated, and uncorrelated assets for thegreatest risk management and profit potential.
The more positionsheld and taken across these various markets, the faster the growth toward the25% and 50% discount levels.
Trade Whileon the Go With Smartphone App
PrimeXBT is reachable at your fingertips at any giventime, so long as you have access to a smartphone and internet connection.
Through the officialiOS and Android smartphone apps, traders can stay connected to PrimeXBTwherever they are, and never miss a moment of trading.
Set a Goaland Stick To It
By setting a goal andsticking with it, traders can actively prepare mentally and financially for howactive they need to be in order to achieve each level of trading discount.
While it may seem likea lot of effort to trade your way up to a discount, once these levels arereached the trading fees are discounted so heavily, far more profits make itback to your bottom line, allowing you to grow your capital much more quicklyand efficiently.
Conclusion: Why Working For The Discount IsWorth It
Low fees and discounts– while great – aren’t the only reasons traders prefer PrimeXBT. The platformoffers built-in charting software so traders don’t need to leave the platformto conduct detailed technical analysis, and ensure their entries and exits areproperly planned.
The platform alsooffers up to 1000x leverage using advanced order types on a variety oftraditional and digital assets, including stock indices, forex, commodities,Bitcoin, altcoins, and much more. And a lucrative referral program can help tofurther bolster profit margins.
With 25% and 50% offtrading fees, anyone can see why it is worth the extra effort to put in someextra time trading in order to reach these significant savings. By earning adiscount off each trade, more profit goes back into your pockets and helps youto become the most successful trader possible.
If you find yourselffalling short of reaching the trading fee discount on PrimeXBT each month, givethese day trader life hacks a try and see for yourself how fast you achieve upto 50% off trading fees.
