The Covesting copy trading module on PrimeXBT one of the trending inovations in the crypto space for the last few years. There have been a lot of updates and upgrades over the last few weeks to this module, rapidly changing the faster the peer-to-peer network grows through word of mouth and dominant brand visibility.
One of these updates is the introduction of max cap on what the company refers to as “Initial Followers’ Equity” – essentially how much capital new followers can add to any given Strategy. The move was designed, as the company says, to promote a safer overall environment for followers on Covesting and to encourage Strategy managers to grow their Strategies equity with regularly successful trading tactics. And this update has been positive for traders since it’s launch.
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RESULTS IN GROWTH AND VISIBILITY OF OTHER STRATEGIES.
With the implementation of the Max Cap on Initial Followers Equity, there is a growing list of strategies due to certain strategies being unable to be followed by new followers, this is exciting because the Max equity cap conditions the continual improvement of these strategies by top traders or strategy managers and balances the circle and in consequence results to an increase in the equity of other strategies next in line to maxed out strategies.
5-STAR RATING SYSTEM ALLEYS FOMO.
While the introduction of this feature is still new, traders are advised to queue early enough to key into top performing strategies before they are closed out. However, in such a case where a follower misses out on a desired top strategy, such follower can trust to find other evolving and quality strategies below the pecking order which will offer the same quality of desired trading. The Covesting copy-trading on PrimeXBT guarantees this by notifying the trader or follower of good strategies through a five (5) star rating system and thus, with an ever-improving trend of strategies due to the Max Equity Cap, 5-star rated strategies will keep on recurring.
MAX CAP ON COVESTING ALLOWS FOLLOWERS UNDERSTAND CERTAIN DYNAMICS IN FOLLOWING TOP STRATEGIES
The Max Equity Cap on Covesting copy-trading module is a masterstroke of the dynamism of PrimeXBT. This new feature accounts for the evolving nature of Covesting module to meet the demands of continuous activities on it. Thus, the natural reaction of traders should be to examine the array of strategies of top traders which will as a result of the max equity cap continually improve. It holds nothing but good news for the followers, they can properly organize and examine their equities and thereby making a much more informed choice of trade strategies to follow with just enough equity to guarantee returns and minimize risks.
MINIMIZES EQUITY RISKS FOR TRADERS AND STRATEGIES.
The need for copy-trading offered by Covesting, transcends the attempt to boycott the cumbersome nature of the digital financial markets; Crypto trading and the traditional markets by offering hundreds of strategies. The goal of the trader is to make profit but this can only be possible if risks are reduced to barest minimum and it is this benefit among others that the introduction of the max equity cap offers to the Covesting copy-trading and traders by limiting the exposure of top strategies to risks through influx and overbearing of equity on top strategies.
In conclusion, the pros of the new feature on Covesting copy-trading on PrimeXBT is bound to travel in an upward trend of positives for the trader, the above-mentioned advantages re-affirm this, as well as the constantly evolving nature of PrimeXBT.
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