4 ways to improve your trading with XM

Trading and investing have undoubtedly undergone a massive transformation over the past few years. Previously, if you wanted to start trading, you had to find a broker who offered advice and made the investment for you.

That being said, it's only natural that users need to be more knowledgeable about risk management and have a better understanding of online trading. There are many ways to train in trading, but the easiest is to go through your forex broker. Many brokers now offer great educational materials to their traders for free or via premium subscriptions.

1. Training rooms

XM offers training rooms that run every day and cover everything you need to know about trading. The rooms are divided into two groups:

    Beginners Room: Includes live webinars, Q&A with experts, trading fundamentals, and trading session analysis.
    Advanced Room: Includes everything listed above plus additional content on how to set up a trade, follow real-time trading and live discussions.

As you can see, the rooms are divided according to the trader's expertise. Both rooms are completely free and accessible to all traders. This is definitely a great place to learn the fundamentals of trading directly from experts. You can interact with them and ask them questions.

2. Educational Calendar

Here, you'll find the complete program of the training rooms. Several topics are discussed each day, ranging from the latest analysis to weekly outlook, including expert opinions on recent market movements. Therefore, be sure to check the program before participating.

3. Educational Videos

If you want to learn on your own, you can check out the educational videos page. XM provides access to a number of tutorial videos consisting of several modules that cover various online trading topics. This includes introduction to markets, trading basics, fundamental analysis, technical analysis, money management, trading psychology, trading strategies, and more.

4. Free webinars

XM also offers live webinars as part of its comprehensive educational program. The webinars are presented by no less than 24 expert instructors, available free of charge to all traders worldwide.

There are eight extra languages to choose from, namely French, German, Greek, Hungarian, Italian, Polish, Russian and Spanish. To participate, all you have to do is open the webinar page and register.

Education as the key to successful trading

Trading consists of placing your money in the market to make profits and achieve your goals. Some people may compare it to gambling, but the two are actually very different. In online trading, you have to learn before you can make money. Most successful traders agree that you have to be well prepared before entering the market. It's important to educate yourself and prepare for things like trading methods, money management, and trading psychology.

Here are the main benefits you can get from trading education like the one offered by XM:

    Knowledge: The forex market is a battlefield filled with traders with varying levels of expertise. This means that you will be competing with experts as well as great traders. If you want to win, you have to be smarter than them. Taking a trading course will give you insight into trading the forex market and the trading tools that can lead you to success.
    Risk management: While it's important to make the most profit possible, it's equally important to protect your initial capital against losses. Learning how the market works can help you better manage your risk and increase your chances of success.
    Trading psychology: Every trader must have good control over their emotions, especially fear and greed. With proper training, you can gain the discipline to stick to your trading method and avoid emotional decisions.