Home / Brand Stories / Trade Crypto, Indices, Commodities, and Forex on PrimeXBT

A world-leading trading platform, PrimeXBT offers the most diverse marketplace where millions of global crypto traders, and institutional investors come to purchase, manage , and trade their crypto assets, enhance investment opportunities and hedge risks. PrimeXBT provides spot and derivatives trading — of major cryptocurrencies, offering investors flexibility in formulating their strategies to mitigate risks. Here is all you need to know about trading crypto, indices, commodities, and forex currencies on PrimeXBT.

Behavioural Differences In Bull And Bear Markets

There are specific quotes that go along with bull and bear markets. For example, in a bull market, everyone is a genius. They also say that bull markets climb a wall of worry while bear markets slide down a slope of hope. 

Hallmarks of a bull market include flashy watches, exotic cars, and other excesses. Such behaviour disappears during a bear market, as volatility turns greed to fear and gains into losses. But as the investing legends say, when others are fearful, it is time to be greedy. 

Protecting Wealth During A Downtrend

Being wealthy isn’t about how much money you have; it’s about the assets you own and how much profit you keep. During a bear market, the primary objective, aside from protecting capital, should be to watch for the prospect of a bottom and take advantage of a chance to buy the dip. 

Margin trading accounts utilise crypto assets as collateral. Due to this, there is never a need to sell cryptocurrencies, even in a downtrend. Using coins as collateral lets investors hedge spot positions or protect capital by going short and trading with the bearish trend. 

Growing Capital Ahead Of An Uptrend

Margin trading accounts also provide exposure to traditional markets like forex, indices, commodities, and more, next to crypto. Even though you are trading traditional assets, each winning trade closed also earns capital in the crypto you trade with. 

With just a single account, users can also connect to yield-generating accounts or a peer-to-peer copy trading community through Covesting. The Covesting ecosystem is exclusive to PrimeXBT and offers a variety of passive investing tools. 

Be Ready When Volatility Strikes

If you do need to be away from the platform, it’s never out of arm’s reach, thanks to the award-winning mobile app for Android and iOS devices. Users can do everything from buying crypto to managing a portfolio while on the go. 

There is 24/7 live customer support staff and a dedicated account manager for fully personalised services. The platform is trusted and reliable, even when volatility hits suddenly, ensuring orders execute at the desired price. 

Prepare With Powerful PrimeXBT Trading Tools

The platform also provides plenty of popular technical indicators to choose from as part of its built-in charting software. There is never a need to leave the platform to plan your positioning according to the trend, resistance, and support. 

During bear markets, such precision and power are crucial to protecting capital. Trade with PrimeXBT and take advantage of the growing lineup of crypto, indices, commodities, and forex trading pairs.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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