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XMPs And How To Use Them?

XMPs And How To Use Them?

  • Posted: Apr 16, 2018
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XM points or XMPs are one of the distinctive features of XM. They feature these points to promote their platform by offering bonus points and rewards to the traders. That’s why many trades love this platform.

 

But if you are new at the platform, the XMPs can be confusing. That’s why today we are explaining everything about XMPs and how to use them.

 

What is XMPs?

 

XMPs are the bonus points given by XM to the traders through their loyalty program.

 

How to earn them?

 

Earning the XMP is easy. You get XMPS for every round trade that lasts minimum 10 minutes. And based on the XM points, traders are divided into four loyalty levels.

The basic level is XM Executive ( 10 XMP/ lot )

After your first 30 business day, you get the XM Gold status. ( 13 XMP/ lot )

After 60 business days, you will earn XM Diamond status. ( 16 XMP/ lot)

And once you cross total 100 business days at XM, You get their highest status, which is XM elite. ( 20 XMP/ lot )

 

What to do with the XM points?

 

You can use the XMPs as contest credits. But if you want to redeem the XM points in USD, you can do so. There is no restriction on how many times you do that or how much do you withdraw.

 

The XM points balance can be monitored at any time. You’ll get the updates in real time. If you want to see your balance, you just need to go to their member’s area. There you will see the XMP balance and the options to redeem them.

 

You can also view the XMP points to their equivalent USD in the Member’s Area.

 

XM shows it by dividing total XM points by 3. So, the formula is :

 

Bonus balance = (XM points or XMPs) / 3

 

For example, if you have 900 XM points, the bonus balance will show 900 / 3 = 300 USD.

 

But if you want to use them as contest credits, you’ll need to divide the XMPs by 2.

 

Contest credit = (XM points or XMPs) / 2

 

For example, if you have 800 XM points, the contest credit will show: 800 / 2 = 400.

 

Redeeming XMPS/ XM points

 

XM didn’t leave any stone unturned to make sure their clients are comfortable with their process and platforms. To simplify things, XM enables the traders to withdraw as much as XM points needed.

 

For example, if you have 1200 XMPs but you don’t want to redeem the entire amount, XM will allow a fraction of that to be processed at any time. Say you are willing to redeem 900 XM points. So, you will be rewarded with 900 / 3 = 100 USD and your remaining balance will show as 300 XMP or 300 / 3 = 100 USD in the account. And the best part is, you can do it anytime you want.

 

So, it’s up to you, if you want to use the XMPs as contest credit or as Bonus.

 

 

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eToroCopyTrader Explained

eToroCopyTrader Explained

  • Posted: Apr 09, 2018
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For new traders, the world of trading is like a puzzle. You don’t know what to do or how to do. That’s why they often make many mistakes and takes wrong decisions.

 

But eToro got them covered.

 

For newcomers in trading, eToro has CopyTrading system. Basically, CopyTrading is a system for newcomers and inexperienced traders to see, analyze, and copy the experienced and successful traders. This social feature is one of the many reasons why traders consider it as a unique platform for trading.

 

How does CopyTrade Work?

 

CopyTrade system is easy and simple to use because only the newcomers in trading will use this. That’s why it is important that the entire process is easy and eToro ensured that.

 

I’m going to divide the entire process of copying someone else’s trading into 3 parts. Choosing who to follow, adjusting the amount of investment, and following in real time.

 

Choosing who to follow: There will be many successful traders who statistics, trading, and strategy will impress you. But you shouldn’t be that quick to choose someone because this decision of your will affect your account and investment. If you rush, you can end up following someone who is not the number 1 trader you became across. To make sure you are following the right person, see their stats deeply. Don’t overlook any small details. See the analysis of their trading. Only when you are convinced with the stats and his skill, you are ready to follow his trading.

 

You can also copy multiple traders if you want. But eToro limited the number to 100, which is more than enough.

 

Adjust the amount of investment: Once you are done choosing someone to follow, it is time to set up the amount of investment. Remember, this is a crucial decision. If your strategy isn’t full-proof, it is best that you invest a small amount rather than betting all your stakes at once. But if you are confident about your copied trader and his strategy, you can go big and invest a good sum. But there are some restrictions from eToro about copying traders and investing. First of all, you will have to invest minimum $100 in a trader. And $500,00 is the highest amount that you can invest in one trader. Besides, the minimum amount for a copied trade is one dollar.

 

When you manually close the copied trade, you get the amount from this position as credit in your copy balance.

 

Start following in real time with one click: The hard part is done. Now you can start copying their trades with only one click. From now on whenever the copied trader makes any move, it gets copied into your account in real time. That’s why you are doing the same as your favorite trader.

 

 Bottom Line

 

CopyTrading is one of the most important features that highlights eToro over any other trading platform. This is a useful and handy feature for everyone who is on this platform, especially the newcomers who are not well-aware of the behaviors of the trading world.

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