CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

xStation 5: Basic Layout

BASIC - Lesson 1

Our award-winning platform xStation 5 is intuitive to use and designed to offer our traders a superior experience. This short and comprehensive tutorial is here to help you familiarise yourself with the basic functions of xStation. Learn how to read the charts, find out where you can open and manage your trades, and how to place Stop Loss and Take Profit orders.

This lesson takes approximately: 15 minutes

*Since the recording of these videos, negative balance protection has come into force from 02.10.17. This means that whilst trading losses cannot exceed funds in your account, your capital is still at risk.

In this lesson you can learn:

  • The main features of xStation 5
  • How to log into the platform
  • Which instruments are available on xStation 5

As xStation 5 is a browser-based platform, you don’t need to install any additional software on your computer in order to start using it.

Login to xStation 5

Simply log into the platform by visiting xtb.com and clicking the login button in the top right-hand corner of the page. Alternatively, you can click here to visit xStation 5.

To log in, simply type fill in your email and password. If you’ve forgotten your password, just select ‘Forgot password?’ and follow the instructions to reset it.

Once you’ve entered your account credentials, xStation 5 will launch. If you have multiple accounts - for example, both a demo and a live account - you can select which you’d like to trade with using the drop-down menu in the top right-hand corner of the screen. Switching between accounts is quick and easy, and you won’t have to re-enter your details.

As you can see, the default view of xStation is divided into three modules:

Chart Window

This is the top-right module. It's where you can view charts, widgets and other analytical tools for individual markets, adding or deselecting as you wish along the bottom of the module. The charts on xStation 5 come with a range of analytical tools and indicators.

There are also additional unique tabs that were designed to give you a clearer picture of the markets. This includes:

  • Market sentiment
  • Top movers
  • Stock screener
  • Heat map
  • Economic calendar
  • Market news
  • Your personal performance statistics

Generally this module will help you with your in-depth market analysis. Feel free to visit our tutorial on charts and customisation to learn further about how to create a trading screen that's suited to your trading style.

Market Watch

The top left module is called Market Watch. This is where you are able to open and manage your trades, observe market prices and depth, and customise your own favourite markets to watch. With xStation 5, you can choose from

  • Forex
  • Commodities
  • Indices
  • Share CFDs and ETFs

Moreover, you’re also able to create your own personalised market watch view in the Favourites tab.

Terminal

This is the bottom module. It's where you manage your trading, including your:

  • Currently open trades
  • Pending orders
  • Trading account history
  • Cash operations
  • Overall balance and equity
  • Margin

You are able to edit your positions by adding Stop Losses or Take Profit levels in this module. Remember to head back to your performance statistics to see how well you’re trading and where you can improve.

Quiz

Test your knowledge of this lesson with our quiz:

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1/3

Which module allows you to manage your trades and check your account history?

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2/3

xStation 5 allows you to:

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3/3

In which module can you customise your favourite markets to watch?

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Test your knowledge with an xStation demo account

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Next course: Introduction to CFDs

Learn what CFDs are and how you can use their features to enhance your trading experience.

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