HowtoEXNESStrade
Exness is one of the leading online forex and CFD brokers, offering a wide range of trading services for traders worldwide. Whether you're new to trading or looking for a better trading platform, this guide will walk you through the process of trading on Exness, including how to open an account, fund it, place trades, manage risk, and use key features to succeed.
1. Understanding Exness as a Broker
Exness was founded in 2008 and has grown to become a reliable choice for forex and CFD traders globally. The broker is regulated by respected financial authorities such as the FCA (UK), CySEC (Cyprus), and several others, ensuring a safe and secure environment for trading.
Start Exness Trade : Open Exness Account and Start Trade
Exness offers a range of features, including:
Multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Trading App.
Global presence: Serving traders in various regions with local payment methods and customer support.
Variety of assets: Forex, commodities, indices, cryptocurrencies, and more.
2. How to Register and Open an Exness Trading Account
The first step to trading on Exness is opening an account. Here’s a step-by-step guide:
1. Visit the Exness Website: Go to the official Exness website to begin the registration process.
2. Sign Up: Click on the "Sign Up" button, and you'll be asked to provide personal details, including your name, email address, phone number, and country of residence.
3. Verify Your Identity: Exness requires traders to verify their identity for security and regulatory purposes. You’ll need to upload a photo ID (passport, driver’s license, etc.) and a proof of address document (such as a utility bill).
4. Set Up Two-Factor Authentication: To enhance your account’s security, Exness recommends setting up two-factor authentication (2FA).
5. Choose an Account Type: Exness offers various account types, such as Standard, Cent, and Professional accounts. Choose one based on your trading needs and experience level.
3. How to Fund Your Exness Trading Account
Exness provides a variety of deposit methods to fund your account:
1. Deposit Methods:
o Credit/Debit Cards: Visa, MasterCard, and Maestro.
o Bank Transfers: Local and international bank transfers.
o E-wallets: Skrill, Neteller, WebMoney, etc.
o Mobile Money: Available in select countries for convenience.
2. Minimum Deposit: The minimum deposit amount depends on the account type and payment method. For example, some accounts may allow deposits as low as $1.
3. Deposit Processing Time: Most deposits are processed instantly, but bank transfers might take a bit longer.
4. Fees: Exness does not charge deposit fees; however, third-party payment providers may have their own charges.
4. How to Start Trading on Exness
Once your account is funded, you can start trading. Here’s a breakdown of how to trade on Exness:
1. Download and Set Up a Trading Platform:
o Exness offers three main platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Trader app.
o MT4 is widely used for forex trading, while MT5 is more advanced and offers additional features for CFDs and other assets. The Exness Trading App is perfect for traders who prefer mobile trading.
2. Navigating the Trading Platform:
o Chart Setup: Once logged in, you can set up charts to monitor the price movements of various assets.
o Choosing an Asset: Select a currency pair, index, or commodity to trade. Popular options include EUR/USD, GBP/USD, gold, and oil.
o Place a Trade:
Market Order: This type of order executes immediately at the current market price.
Limit Order: Set an entry price that is better than the current market price.
Stop Order: Set a stop loss or take profit to automatically close your trade when it hits a specific price point.
3. Leverage and Margin: Exness offers flexible leverage, up to 1:2000. Leverage allows you to trade larger positions with a smaller capital investment. However, it also increases the risk, so use leverage wisely.
4. Risk Management: Always set stop-loss orders to limit potential losses. You can also set a take-profit level to secure profits when the price reaches your target.
5. Risk Management in Exness Trading
Effective risk management is crucial to successful trading. Here are some key tips:
1. Use Stop-Loss and Take-Profit:
o Stop-Loss helps you limit your losses if the market moves against your position.
o Take-Profit automatically closes a trade when it reaches your desired profit target.
2. Position Sizing: Calculate your position size based on the amount you are willing to risk on each trade. A common rule of thumb is to risk no more than 1-2% of your trading capital on a single trade.
3. Avoid Over-Leverage: While Exness offers high leverage, excessive leverage can lead to significant losses. It’s advisable to start with lower leverage and increase it as you gain more experience.
4. Diversify Your Portfolio: Don’t put all your capital into one trade or asset. Diversifying helps reduce risk.
