8 minute read
Tips for Trading with Exness Standard Account: Your Guide to Success
from Exness
by Exness Blog
Ready to dive into trading with an Exness Standard Account? Whether you’re a beginner or a seasoned trader, this account type is a fantastic choice due to its low entry point, tight spreads, and flexibility. In this guide, I’ll share practical, actionable tips to help you trade smarter and maximize your potential on the Exness Standard Account. Let’s get straight to it!
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
Why Choose the Exness Standard Account?
The Exness Standard Account is a go-to for many traders because it’s beginner-friendly yet powerful enough for pros. With a minimum deposit as low as $10 (depending on your payment method), tight spreads starting at 0.3 pips, and access to over 100 instruments like forex, commodities, and cryptocurrencies, it’s built for versatility. Plus, Exness is regulated by top-tier authorities like the FCA and CySEC, so your funds are secure.
But how do you make the most of this account? Here are my top tips to help you trade confidently and avoid common pitfalls.
1. Start with a Demo Account to Build Confidence
Before risking real money, practice with Exness’s demo account. It’s a risk-free way to get familiar with the platform, test strategies, and understand market movements. The demo account mirrors the live trading environment, so you’re not just playing around—you’re learning how the Standard Account works with virtual funds.
Pro Tip: Spend at least a week on the demo account. Try different strategies, like scalping or swing trading, to see what suits your style. This builds confidence and helps you avoid costly mistakes when you go live.
2. Understand Leverage and Use It Wisely
Exness offers leverage up to 1:2000 on the Standard Account, which can amplify your profits—but also your losses. Leverage lets you control larger positions with less capital, but it’s a double-edged sword. For example, with $100 and 1:100 leverage, you can control a $10,000 position. Sounds great, right? But if the market moves against you, losses pile up fast.
How to Use Leverage Smartly:
Start with conservative leverage (e.g., 1:50 or 1:100) if you’re new.
Use Exness’s margin calculator to understand how much capital you’re risking.
Never risk more than 1-2% of your account on a single trade to stay safe.
3. Master Risk Management with Stop-Loss and Take-Profit Orders
Risk management is the key to long-term success. The Exness Standard Account supports customizable stop-loss and take-profit orders, which are your best friends for protecting your capital and locking in gains.
Stop-Loss: Set this to automatically close a trade at a predetermined loss level. For example, if you’re trading EUR/USD, you might set a stop-loss 20 pips below your entry to limit losses.
Take-Profit: This closes your trade when you hit your target profit. If you’re aiming for a 50-pip gain, set it and let the platform do the work.
Quick Tip: Always set these orders before opening a trade. Emotions can cloud your judgment mid-trade, so automate your exits to stay disciplined.
4. Focus on High-Liquidity Assets for Lower Costs
The Standard Account shines for swing trading and diversification strategies because it offers tight spreads on high-liquidity assets like major forex pairs (EUR/USD, GBP/USD), gold, and indices. Tight spreads mean lower trading costs, which is critical for maximizing profits.
What to Trade:
Forex Pairs: Major pairs like EUR/USD have spreads as low as 0.3 pips, making them cost-effective.
Commodities: Gold (XAUUSD) is a favorite for swing traders due to its volatility and tight spreads.
Indices: Trade popular indices like the S&P 500 for broader market exposure.
Action Step: Check Exness’s contract specifications to pick assets with low spreads and high liquidity to keep your costs down.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
5. Use the Exness Trader App for Real-Time Monitoring
The Exness Trader App is a game-changer for staying on top of your trades. Whether you’re at work or on the go, you can monitor positions, check live charts, and close trades instantly. The Standard Account integrates seamlessly with the app, giving you full control from your phone.
Why It’s Useful:
Get price alerts for your favorite instruments.
Execute trades with one tap during volatile market moments.
Monitor your account balance and equity in real time.
Tip: Enable push notifications for price changes or news events to catch opportunities on high-impact assets like gold or major forex pairs.
6. Take Advantage of Exness’s Educational Resources
Exness offers a treasure trove of free educational content—webinars, tutorials, and articles—that can level up your trading game. As a beginner, these resources help you understand technical analysis, chart patterns, and market trends. Even experienced traders can benefit from brushing up on advanced strategies.
How to Use Them:
Watch Exness’s webinars on topics like risk management or technical analysis.
Read articles on chart patterns to spot trends (e.g., head and shoulders or double tops).
Join community forums or social media groups to learn from other traders.
Pro Tip: Dedicate 30 minutes a day to learning. Over time, this builds a strong foundation for making informed trading decisions.
7. Trade During High-Volatility Sessions for Bigger Moves
Timing matters in trading. The Standard Account gives you access to markets 24/5, but not all hours are equal. Major forex pairs and commodities see the most action during overlapping market sessions, like when London and New York are open (8 AM–12 PM EST).
Best Times to Trade:
Forex: Trade EUR/USD or GBP/USD during the London-New York overlap for tighter spreads and bigger price moves.
Gold: Watch for volatility during U.S. economic data releases, like Non-Farm Payrolls.
Indices: Trade during the opening hours of major stock markets (e.g., S&P 500 during U.S. hours).
Tip: Use Exness’s economic calendar to track high-impact news events that drive volatility. This is especially useful for news trading strategies.
8. Diversify to Spread Your Risk
The Standard Account lets you trade over 100 instruments, so don’t put all your eggs in one basket. Diversification reduces risk by spreading your capital across different asset classes.
How to Diversify:
Mix forex pairs (e.g., EUR/USD) with commodities (e.g., gold) and indices.
Avoid overexposure to a single asset class, especially volatile ones like crypto.
Use micro-lots (1,000 units) to test new markets without risking too much.
Example: If you’re trading $500, allocate $200 to forex, $150 to gold, and $150 to an index like the FTSE 100. This balances your portfolio and cushions against market swings.
9. Leverage Exness’s Fast Withdrawals
Exness is known for processing over 98% of withdrawals in under a minute—lightning-fast compared to other brokers. This is a huge perk for Standard Account holders, as quick access to funds gives you flexibility to reinvest or cash out profits.
How to Optimize Withdrawals:
Verify your account fully (ID and proof of address) to avoid delays.
Use e-wallets or crypto for instant withdrawals; bank transfers may take longer.
Double-check your payment method to avoid third-party fees.
Tip: Reinvest a portion of your profits to grow your account, but always withdraw some to stay motivated and secure your gains.
10. Avoid Common Mistakes with Discipline
Even with a great platform like Exness, trading mistakes can derail your progress. Here’s how to avoid them:
Overtrading: Don’t open too many positions at once. Stick to 1-3 trades to stay focused.
Ignoring Risk: Always use stop-loss orders and never risk more than you can afford to lose.
Chasing Losses: If a trade goes south, don’t double down to “make it back.” Stick to your plan.
Mindset Tip: Treat trading like a business, not a casino. Keep a trading journal to track your decisions and learn from mistakes.
Bonus Tip: Try Exness Social Trading for Passive Income
If active trading feels overwhelming, Exness’s Social Trading platform lets you copy the trades of experienced traders. With the Standard Account, you can follow top strategy providers and earn profits without being a market expert. You only pay a commission if the copied trades are profitable, so it’s low-risk.
How to Start:
Download the Exness Social Trading app.
Browse strategy providers based on their performance and risk level.
Allocate funds to copy their trades automatically.
Tip: Start with a small investment (e.g., $50) and monitor performance before scaling up.
Final Thoughts: Trade Smart, Stay Patient
Trading with the Exness Standard Account is an exciting journey, whether you’re aiming for a side hustle or a full-time gig. By practicing on a demo account, managing risk, diversifying your portfolio, and using Exness’s tools like the Trader App and educational resources, you can set yourself up for success. Stay disciplined, avoid emotional trading, and leverage Exness’s tight spreads and fast withdrawals to your advantage.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
Read more:
