When it comes to trading on Xpartradinglive or using its social
trading features, we encourage responsible behaviour among all our
users. Our “responsible trading policy” calls on traders to
protect themselves from emotional decision making that can result
in unnecessary losses.
Novice traders, in particular, tend to rely more on “gut
feelings,” because they don’t necessarily have a lot of experience
in financial trading to make rational and informed choices.
To help traders avoid making rash online trading decisions,
Xpartradinglive, in accordance with local financial regulators,
recommends the following:
Maximum leverage according to the following list:
30:1 for major currency pairs;
20:1 for non-major currency pairs, gold and major indices;
10:1 for commodities other than gold and non-major equity indices;
5:1 for individual equities and other reference values;
2:1 for cryptocurrencies;
Place no more than 20% of your equity on one trade
The key factors of smart investing are low leverage and portfolio
diversity, a fact attested to by the portfolios of
Xpartradinglive’s top traders.
Here are some tips for becoming a more responsible trader:
Only invest in what you know: Don’t follow random tips or gut
feelings. If you want to invest in a certain asset, familiarise
yourself with its history and tendencies.
Look at your Risk Score: Your unique Risk Score is a great way to
see if you are a responsible trader. Keeping a Risk Score of 3 or
lower on Xpartradinglive is recommended.
Adjust your portfolio: Diversify your portfolio with assets across
many classes. If you don’t want to monitor your portfolio
frequently, opt for lower-involvement instruments, such as
CopyPortfolios™ or our CopyTrader™ system.
Copy other responsible traders: When you copy another trader, look
at their Risk Score, history, and portfolio diversity.
Human Psychology & Emotional Trading
Traders of all levels can rely too heavily on their emotions while
trading. This is a mistake as fear, greed and excitement can play
a hand in making bad decisions. Always have a trading plan, and
stick to it no matter what happens. When creating your trading
plan, incorporate the tips from the section above, paying specific
attention to:
Maximum leverage
Portfolio diversity
Risk scores and profiles of other traders