PrimeXBT allows traders to take advantage of both growing prices, and those that are expected to decline
Long vs. Short
If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. If Bitcoin price decreases, then your account loses value accordingly. Apart from a standard trade (purchase), PrimeXBT platform allows you to open a position that will increase in value as the cryptocurrency decreases in price. This is referred to as selling or going short, as opposed to buying or going long.
Calculating Profits
To calculate the profit or loss earned from a long/short trade, you multiply the size of your position by the difference in points between the price when you opened it and when you closed it. With both long and short trades, profits and losses will be realised once the position is closed.
You can also use leverage to get exposure to a much larger position than with a standard trade (for both long and short), if you are confident about the direction of the market.
Leverage enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade.
How does leverage work?
Leverage is a key feature of a PrimeXBT trading platform, and can be a powerful tool for a trader. You can use it to take advantage of comparatively small price movements, ‘gear’ your portfolio for greater position size, and to make your capital grow faster.
Leverage works by using a deposit, known as margin, to provide you with increased exposure. Essentially, you’re putting down a fraction of the full value of your trade – and PrimeXBT is providing you the rest. Our products allow traders to gain exposure to major cryptocurrencies, such as Bitcoin and Ethereum and others, without tying up lots of capital.
PrimeXBT is an advanced, award-winning margin trading platform offering a wide variety of Bitcoin-based CFDs with added leverage and both long and short positions on stock indices, commodities, forex, and cryptocurrencies.
Our products allow traders to access a vast array of trading instruments and build a diverse trading portfolio, without tying up lots of capital.
Get constant live cryptocurrency prices as well as updated price charts and information on Bitcoin, Ethereum and other cryptocurrencies
Trade major cryptocurrencies
PrimeXBT provides a solid platform to trade well-known crypto-assets like Bitcoin, Ethereum, EOS, and more. These crypto-assets have the potential to disrupt the world of finance and investing in the years to come.
Known to be highly volatile, and appreciated for their technological potential, cryptocurrencies have become a favourite for individual, retail, and even institutional investors in recent times.
Build professional cryptocurrency trading strategies with PrimeXBT’s award-winning platform. Enjoy customizable charting software and over 50 technical indicators. Trade long and short with leverage, hedge your positions, and execute trades using our powerful trading engine.
Get constant live foreign exchange prices as well as updated price charts and information on currencies like the US Dollar, Great British Pound, Japanese Yen, and other major currencies
Trade major forex currencies
PrimeXBT provides reliable trading access to a wide selection of global forex currencies. Trade the US Dollar, the Great British Pound, the Canadian and Australian Dollar, and much more.
The value of different world currencies are always changing which offers opportunities for traders to profit as many geo-political factors can impact different countries, and their currencies.
Build professional forex trading strategies with PrimeXBT’s award-winning platform. Enjoy customizable charting software and over 50 technical indicators. Trade long and short with leverage, hedge your positions, and execute trades using our powerful trading engine.