Profit from market decline (going short)

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. Short position means that you are selling currency expecting it to fall with the intent of buying it afterwards. This is referred to as selling or going short, as opposed to buying or going long. You can enter the short position by executing a market order to Sell cryptocurrency at market rates or place a limit order away from the market. See an example of profit calculation for a “short trade“ here.