Tuesday, November 03, 2020 /
11:00 AM / Sponsored Post / PrimeXBT Analysis / Header Image Credit: PrimeXBT
Fear, uncertainty, and
doubt are the worst enemies of investors and traders. When these emotions begin
to creep up due to economic, political, or market conditions, volatility kicks
into overdrive, and things get messy.
Even knowing that a phase
like this is approaching can be stressful. During a time when we're all facing
so many challenges, COVID, and the indecisive feeling we all get around
elections, the last thing anyone needs is more stress with markets, but nobody
wants to pass up a good opportunity for profit - so what's the answer? With
Covesting on PrimeXBT, investors and traders tired of markets or seeking a
break from the stress can follow other skilled strategy managers on the copy
trading module and let them handle the rollercoaster ride ahead for you.
Here's how.
Capping Off 2020: An Ongoing Pandemic With
Political Nightmare
Any day now, a decision
will finally be made between US President Donald Trump and former Vice
President Joe Biden on who will become the president for the next four years.
Trump, a polarizing force in the US, as the republican candidate would keep the
corporate tax environment favorable for stocks, while a "blue wave" Biden win
could cause a selloff. Biden being up in the polls currently could be what is
prompting the selloff in major US stock indices like the Dow Jones, S&P
500, and Nasdaq currently.
The shakeup has also
potentially put a pause on Bitcoin's advance for the time being, and until the
air clears of election-related fear, uncertainty, and doubt, even the
cryptocurrency, and gold - two top 2020 performers in the face of the pandemic - have pulled back considerably.
Because there is a 50/50
chance that either candidate wins, there are also two completely different
outcomes for markets. The post-election stimulus is also a factor that could
further make markets a rocky ride for the foreseeable future, but with the
volatility comes opportunity. The only solution where you can still take
advantage of the coming storm, but also keep stress to a minimum and instead
focus on politics, the pandemic, and the coming holidays rather than spending
all your time charting, only to risk all the time you could have spent
something else on a loss.
Take Advantage Market Trublence Worry-Free With
Covesting And PrimeXBT
Let others do it for you
and take on that stress instead, with Covesting on PrimeXBT. PrimeXBT is an
award-winning trading platform offering CFDs on stock index trading, forex, commodities, and crypto that this year
debuted the Covesting copy trading module to the world.
The innovative
peer-to-peer network of followers and skilled strategy managers combines the
two different types of investors and traders for synergistic profits. Strategy
managers do what they do best while earning a cut from follower equity.
Followers get to sit back and destress a bit while not missing out on market
movements during such a turbulent phase but don't actually have to swim in
shark-filled waters themselves.
Covesting's fully
transparent global leaderboard is full of strategy managers trading stock
indices, Bitcoin, gold, oil, and more than 50 other assets on the PrimeXBT
trading platform. Long and short positions let these strategy managers profit
whichever way markets turn, and risk management tools and technical analysis software built-into
PrimeXBT mean that the strategy managers ready to be followed have everything
at their disposal they need to prepare, execute, and react to whatever comes
ahead around what might be the most critical election of our time.
Covesting copy trading is available to anyone with a free PrimeXBT trading account. Open yours today to avoid the fear, uncertainty, doubt, indecision, and all the other stressors that come with an election and a pandemic.
DISCLOSURE: This is a sponsored content as indicated in the source above; and is not a recommendation to buy or sell securities or the products mentioned therein. Proshare Content and their owners, managers, employees, and assigns (collectively the "Company") are bound to comply with in-house governance rules requiring this necessary disclosure to ensure that readers, subscribers and consumers understand that the content is advertising and should not take it as an unbiased reporting on our part. All T&C applies.
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