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Recent FAQs
January 24, 2018
Why should I place a Stop Loss (S/L) and Take Profit (T/P)?
Setting a Stop Loss protects you in case your open positions abruptly turn around and go against you. As markets tend to be volatile, it is recommended always to set a Stop Loss when you open a new position. Take Profit closes the ...
January 22, 2018
What is swap point (charge) and how can I check it on MT4 and MT5 platforms?
What is Swap point? Swap points are charged daily How to check the Swap point on MT4 platforms Right click in "Market Watch", and select "Symbols" Select a symbol and click "Properties" View the swap information Examples of Swa...
January 22, 2018
What is rollover and at what time does it occur on MT4?
Every day at 5pm New York Time (23:59 to 00:01 server time), you will note that the platform has a blackout for 2 minutes due to rollover. In the Global Forex Markets this is widely known as ‘End of Forex Day’. Monday trading opens a...
January 22, 2018
Can I hedge positions on MT4? or is partial close possible?
Yes, you can hedge positions in your XM account. The ability to hedge allows you to hold both buy and sell positions in the same product simultaneously, having the ability to enter the market without choosing a particular direction. ...
January 19, 2018
How can I open a Swap-free MT4 account? What are the conditions?
Swap free accounts charge no interest on overnight positions and are available to clients following the Muslim faith. To request a swap free account, please add a note in the Referral field and they will create it for you. Please ...
January 17, 2018
How to set pending orders, limits and trailing stops on my order on MT4 platform?
To place a pending order, in the Order window, select Pending Order from the Type drop down menu. Then select the type of Pending Order from the new Type drop down list that appears. Enter the price at which you want the order to...
January 16, 2018
Are trades and pending orders guaranteed on MT4 platform?
Nothing is guaranteed in the financial markets due to the varying levels of price volatility on a daily basis. All positions are filled on the basis of market execution. Market execution means all trades will be executed at the best a...
January 16, 2018
What are the differences between Stop Loss and Take Profit orders?
A Stop Loss Order is an order to close a losing trade automatically at a certain price in order to limit its loss. This type of order is one of the main risk management tools you can benefit from as a trader especially if you are not ...
January 16, 2018
What are pending orders(stop and limit)? How do they work?
Limit and Stop Orders are known as pending orders and unlike market orders are triggered only when the market reaches a price you have set. Limit Orders Limit Orders are used to enter the market at a price advantage. For exampl...
January 12, 2018
What is a Trailing Stop on MT4? How does it work?
Trailing stops automatically adjust to the current market price, providing the investor with greater flexibility to profit, or limit a loss. For example, if we set our trailing stop initially at -10 pips and then the trade moves in o...
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