Guide to Confirming Spread and Swap Point XM MT4

Guide to Installing Customized Spread and Swap Point XM MT4 to Display Information Directly on the Chart in Real Time

The article below will guide you on how to confirm Spread and Swap Point on XM. Let's follow along!

Understanding Spread and Swap Point on XM

Spread (Price Difference)

Spread refers to the difference between the buy (bid) price and sell (ask) price of a financial product. It represents the trading costs that an investor has to bear when opening an order. On XM, you can check the spread levels of each product through the price chart and technical specifications of trading tools on the MT4 and MT5 platforms.

Swap Point (Swap Rate)

The swap point is the interest rate or fee that you have to pay or receive for holding an overnight position. It is the difference between the interest rates of the two currencies in the currency pair you are trading.

Similarly to spread, swap point information on XM can also be checked on the price chart and technical specifications of MT4 and MT5 trading tools.

Guide to Confirming Spread and Swap Point XM MT4

To simplify checking spread and swap point, you can confirm and set up a customized "spread_swap" index. Specifically:

Method to Confirm Spread

You can check the spread by dragging the mouse from the "icon" you need to see on the left side of the screen to the chart. The spread will be displayed in the top right corner of the screen as in the image below.

Method to Confirm Swap Point

To check the swap point on MT4, you need to:

On the price board, select the product you want to check the swap point for. Right click on that product and select "Technical Specifications".

When the technical specifications window appears, scroll down to check parameters such as "Buy Order Swap" and "Sell Order Swap".

For example, with the GBPNOK product, the value "-95.73" at the time of monitoring corresponds to -9.573 pips for a 0.1 lot buy order.

If you want to display the swap point on the chart, you can install the customized indicator named "spread_swap.mq4" on MT4. Note that MT5 does not support this function.

See also:

• Boost Your Trading Strategy with MACD MT4 Indicator Setup Guide
• RSI MT4 Guide: Maximize Profits with Precision Trade Signals

Conclusion

Monitoring and managing spread and swap point parameters is crucial for traders to optimize trading strategies and efficiently control costs. I hope with these guides from Citinews, it will help readers more easily confirm the Spread and Swap Point on XM MT4. Best of luck!