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How to Turn laptop in hotspot?

I have wireless connection on my bellsouth router but in my room for some reason I get a low wifi connection to my Xbox, iPad, and an other device my friends or I connect to it I have a old xp laptop that had a wireless 150mbps adapter connected to it that gets very good signal is it possible to make the xp laptop a hotspot so I have better connection in my room ? if so how ?

Update:

Is there anything. I can buy to extend the wifi signal that is simple to connect like a second access point But idk what kind

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