XM Questions & Answers

If you trade stocks then it doesn't mean that you are obliged to pick this account. Shares account is for those who want to trade ONLY share and nothing more becasue contract size there equates 1 share + there are commissions instead of conventional spreads. You can choose any account you wish for trading stocks, actually. The Xm broker doesn't make those who want trade shares deposit no less than $10k :)

Oh yeah, man! I can totally understand what you mean since I'm also using swing-position trading strategies and luckily, XM is a great choice for you! If you didn't know about it, they offer four types of trading accounts to choose from and one of them is the most beneficial for traders like you and me.🙂 This is the ultra low standard trading account, you may wonder what special about this account, well, the XM broker doesn't charge any swap administrational commissions for overnight positions on many major currency pairs. You can hold positions as long as possible without worrying about swap fees. So I think I answered your question, buddy! You know what to do next! 😉

Find a trader, and copy the trades by clicking copy... it is as other copy trading platforms work. You have a list of traders to select from, with all the information you need to select the right trader. Once you have selected a trader to copy, simply click the button and that is it. All of this is just in case you have never come across a copy trading platform before.

I would suggest looking at various trading sites to see what kind of trading intrigues and sparks an interest in you. For example, babypips, trade2win, elitetrader, futures io, forexfactory, traderslaboratory, Traderji, mypivots, quantnet, quantconnect etc. There are also a fair amount of scalping guides on Quora. I suggest paper trading various strategies for a while and trying different combinations of indicators etc with price action.Im using a combination of technical and orderflow indicators, as an example, but what works for you may differ...

The leverage is 200:1 so this is the difference, and also iit would be day trading as they close at the end of the day, so keep that in mind.

Sure, and I even tried trading using their app. Basically, it's a solid alternative to hyping metatrader, it's smth very fresh. I downloaded it on my tablet, logged in using credentials and tried opening several orders. To be fair, I used the app for several days just because I was quite curious about how things are going on in there. As it turned out, it's an interesting solution, so I can recommend it to you if you haven't tried it.

By promotions you meant the deposit bonus offer? If yes, I don't see any reasonable argument why you shouldn't use a deposit bonus and boost your trading account. I am aware that some trading gurus are strongly against this with some baseless arguments that using such promotion will speed up the process of you blowing up the account. This is not renewable. If you trade with a $1000 account size, without a deposit bonus and without a solid risk management strategy, you will probably end up blowing up your account. But if you have a solid risk management strategy, trading with a $1000 account size, or trading with $2000 does not make a difference. Expert one, with a large account your projected profits will be higher. So yeah, I recommend you to use those promotions only if you have a solid risk management strategy.

My answer to this question is obvious. I have been a client of this broker for several years. And I often recommend this company to novice traders. I'm sure that we in the community of traders should help each other! As for the reputation that XM has, it's excellent. 1) XM provided high-quality brokerage for many years 2) Company has many fans and respected among traders around the world. 3) Broker has never been seen in scam

It really is... the thing is, if there are not traders using it, the broker will discontinue the service... it is that simple. But the xm live is actually helpful, especially when you are consistent.