XlenceReviews 126

Answer: That's a relevant question that anyone engaged in regular trading will inevitavly have in mind sooner or later. From my expereince of trading with xlence, i'd say it's forex majors.Their spreads are quite tight. Have been so for my trades. And as you know, forex is very liquid thus leading to consistency in pricing because liquidity in generally supports that. And as a result it's more predicatble compared to other markets...

Answer: Doesnt matter in terms of order execution... both mt series engines are quite good. However, if you prefer simplicity you should go with mt4. It is good for new traders, and those who appreciate simplicity over complexity. Yet if you like having more indicators and tools, then mt5 is a better choice. Though it might look more complex, to be honestm it wont make you lost, things will get clear once you spend some time.

Answer: TC is a powerful tool, I d say it is like a whole different technical ecosystem, because it has several tools within itself. For exasmple, take Alpha Generation. I think the took the word Alphan because in investments it is related to active investment, i. E generating real returns. So this tool has 3 powerful indicators for MT4: technicak views, adpative candlesticks, adaptive convergence divergence, Adaptive candlesticks are desiged to detect the suply and demand imbalance withing price patterns... sometimes this pattern is hidden, so this toll is really helpful to assess the market situation. ADC helps detect trends and adjust entry and exits points (helps with it)... reallly AI tool If u want to be up to date with most relevant market news, then Market Buzz is the one to keep you alert, AI driven news feed sorts out and tae the most impactful news, that have impact on the markets. Every minute there is some iinformation going on, but to select which one is the most germane mannually is almost impossible, therefore this ai driven tool uses cutting-edge natural language processing to quickly assess market You need to check it in real time, see how it will affect your trading, I was initialyl skeptical, but it is like "what do I lose trying?", the asnwer is "nothing" :) worth exploring for sure

Answer: Tell you what about gold, if it's only one thing I learned from years of trading it. Never trade against the trend (in general) and especially! In gold, because that thing can punish you on the spot and you ;d be just devastated. Even if you take only like 10 pips, do it consistently and trend-trade, becaue that is going to be safer and profitable in the long term. Now about xlence, I think as the accounts progress, you will get much more favourable costs at gold, like 2x less spreads and stuff. But do you really need that? Their best account (ultimate) may be great for an experienced trader who trades gold for living and opens high volums. For moderate trading, any account would suffice, even the raw one

Answer: Yeah I totally understand $10 commission might seem too much. But look it’s per lot, not per side. Suppose you have no bigger than 10k account, for the most popular futures contracts: indices and commodities, this is basically around 2-3 bucks commission at most, if you enter with 1% risk and have mentioned 10k account. Spreads are very low, for sp500 they have 0.5 pips at lowest. On the top of this, no swaps. Good news if you're a swing trader. I think conditions are not the greatest, but not as harsh as it might seem. Mid trading conditions would be a fair category for futures trading with this broker.

Answer: They provide all the popular methods that I know. At least one provider for each category of bank-related, e-wallet and crypto. The last tow is basically what you need for fast and less bureaucratic execution process. You might say credit cards might be fast too. Yeah, but only for deposits. Withdrawals will take eternity to complete. Here, I can recommend either skrill or crypto, which one you’re convenient with. You can go with apple and google pay too, though Idk how fast they’re in the context of trading. Trc-20 network had low costs if you want to escape taxes too, the best choice, LOL

Answer: Well, choosing an essential account will be the most suitable choice for you taking into consideration your trading experience. There are no supers conditions like tight spreads or things like that but as a starting point it suits all beginners perfectly. And regarding the asset, if I were you I would have started trading XAAUSD and EUR/USD, two most basic assets in the financial world with a huge market capitalization and technical analysis always works exactly according to your prediction, at least in most cases unlike you would trade other assets.