Understanding Covesting Interface

PrimeXBT platform interface consists of 4 main sections:

Account - this section is used for making deposits, withdrawals, changing account settings and keeping track of your account’s activity and statistics. Trade - also known as Trading Terminal, this section is used to monitor the market, place trades and control your orders and positions. Turbo - Short-term Bitcoin settled contracts Covesting - Fund management and Fund investments

Let's take a separate look at Covesting.

Covesting (main section)

Covesting allows traders to set up and manage a Fund - a pool of their own assets along with any assets added to their Funds by Investors. This provides an excellent opportunity for both experienced successful Traders and Investors to greatly boost each other’s profit potential.

The creator of a Fund is known as a Fund manager, while those who invest into a Fund are Investors. Upon creation, a Fund becomes visible to the public and open for investments. A Fund manager controls trading activity of all assets within their Fund, including their personal assets and any assets currently invested into the Fund by investors.

Creating a Fund allows Fund managers to trade and profit with not only their personal assets but also all assets invested into a Fund by Investors, thus maximizing profit potential for both parties by receiving payouts based on a percentage of all profits. Covesting consists of 6 sub-sections: 1) Ratings 2) Portfolio (unavailable during Early access) 3) Create Fund (Becomes ‘Manage Fund’ sub-section after creating a Fund) 4) Manage Fund 5) Trade 6) Trading history Let’s take a look at these 6 sub-sections:

Rating (sub-section 1)

The ‘Rating’ page reflects the current ratings and core statistics of all Public Funds. Clicking on a Fund in the Rating list will bring up the main page of the selected Fund, where detailed information regarding it can be found, including Profit/Equity charts, Fund description, as well as conditions of distribution of profit (offer) and the option to invest into the chosen Fund:

Portfolio (sub-section 2)

(Unavailable during early access)

Create Fund (sub-section 3)

The ‘Create Fund’ page allows a trader to create a Fund and become a Fund manager. To create a Fund, all of the requirements in the Checklist must be met, including selecting a Fund name, description, having at least 0.1 BTC in your PrimeXBT trading account and selecting a desired daily rollover time.

Selected rollover time can NOT be changed after Fund creation.

After creating a Fund, the 'Create Fund' section will become the 'Manage Fund' section, which allows you to view Fund statistics and manage your Fund.

Manage Fund (sub-section 4)

The 'Manage Fund' page allows a Fund manager to view their Fund's core stats such as Total/Today's profit, changes in Fund Equity, profit distribution conditions, Profit/Equity charts, close their Fund and invest more Funds.

Trade (sub-section 5)

The 'Trade' tab of the Covesting module, is where Fund managers perform their Fund trading activity. Here Fund managers can Place, modify or cancel orders, as well as Track, modify or close positions.

Upon Fund creation, a separate Fund trading account is created as well. Trading activity performed with a Fund trading account will not affect a trader's regular trading account.

For a comprehensive guide on the Trade terminal interface, see our easy-to-understand tutorial: Understanding Trade interface.

Trading History (sub-section 6)

The Trading History tab reflects your Fund's last 30 trades. The ‘Account statement’ button allows you to generate an account statement with detailed logs of your Fund's trading activity for the desired time period. For a comprehensive account statement guide see our easy-to-understand tutorial: Understanding Account Statement.