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Chapter 1
- "How to Open a Trading Account" -
Welcome to the XM video tutorial sessions
in which we will guide you through the use of Metatrader 4
The first video will show you how to open an account
in a few easy steps
and install the MT4 trading platform
Before installing MT4, first you need to open an account
The account sections are located on the top-right hand side our home page
You can either choose to open a "Demo"
or a "Real" trading account
A "Demo" account simulates real trading conditions
with virtual money
so that you can gain a better understanding
of how the platform works under real time market conditions
and test your trading skills, risk-free
A "Real" trading account on the other hand
lets you use MT4
to trade with real money
Now, let's open a real trading account
A click, on the "Open a Real Account" button
redirects you to the "Live Account Registration" page
At step one, you will need to fill in your personal details
Remember, that during the registration
only English alphabet characters are accepted
After this, click the "Proceed to Step 2" button
in order to complete the registration
Here, you must make sure to fill out, every field
The "Trading Account Details"
are the most important
First, you need to decide on the "Account Type" that you wish to open
For small initial deposits like $5 US dollars
you can choose either, a "Micro" or "Standard" Account
while, "Executive" accounts require a deposit
over $100,000 US dollars
The next step is to select the "Account Base Currency"
out all the available options
in which all your trading activities, will be nominated
After this, comes the "Investment Amount" tab
where you will select the range of your initial deposit
Don't forget that the value range which you select here
will also affect the maximum "Leverage" of your trading account
The first option, is from $5 to $20.000 US dollars
or the equivalent, in other base account currency
with a maximum leverage 888 to 1
The second, is from
$20,001
to $100,000 US dollars
with a maximum leverage
of 200 to 1
And the third option
is from $100,000 US dollars or over
and, without maximum limitation
with a maximum leverage
of 100 to 1
Should you have previous trading experience
kindly fill in the "Trading Knowledge" section accordingly
however, this section is not obligatory
Now, tick the last box
saying that you read and understood all company policies
and click the
"Open a Real Account" button
After this
you're redirected to the "Account Confirmation" page
where you will be prompted to download
the MT4 platform
First, click the "Download" link
and a "Set Up" window will pop up
then click, "Save File"
to save the file, in your downloads folder
Double click the
"XM.exe" file
and proceed by clicking
"Next"
to allow the platform to install
At this point the "Client Terminal Window" will pop up
After you've read, and understood the "License Agreement"
continue by pressing "Next"
The "Launch Program" box
is ticked by default
so you don't need to change the settings before clicking "Next"
Shortly after this, you will receive an email, with your personal login details
Here you also have the option to download the MT4 platform directly from the email
or from our website, under the trading platforms tab
Once the installation is complete
you can launch the platform by double clicking the XM
icon saved on your desktop
Once launched
a "Login" window pops up
this window, requires the user to apply his or her
"Username" and "Password" login details
to activate and access the platform
Make sure to use your account number login details, received in your email
Insert your password, in the "Password" box
The "Investor Password" is used, for read-only purposes
Also note, that the details, are case-sensitive
Make sure you're using the correct "Server"
"Real" for real accounts
and "Demo" for demo acounts
Remember that leaving the "Save Account Information" box unticked
which is ticked by default
the MT4 platform
will not store your data
and you will be prompted to enter your login details again
Now you're ready for the next tutorial session
on how to deposit funds into your account
Thank you for watching