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How to become an EXNESS social trader?
Becoming an Exness Social Trader can be an exciting opportunity to engage in the financial markets and potentially earn by copying trades or sharing your strategies with others. Whether you're interested in becoming an Investor (someone who copies trades) or a Trader-Leader (someone who allows others to copy your trades), here’s a step-by-step guide on how to get started.
1. Understand Exness Social Trading
Exness Social Trading is a feature that allows traders to follow successful traders (Trader-Leaders) and automatically copy their trades in real time. As a Trader-Leader, you can share your strategies and allow others to copy your trades for a fee, while Investors can copy the trades of experienced traders to potentially earn profits without needing to actively trade themselves.
2. Create an Exness Account
To become an Exness Social Trader, you must first have an account with Exness. Here's how to get started:
Start Exness Trade: Open Exness Account and Visit site
Visit the Exness website: Go to the official Exness website and click on “Sign Up.”
Fill out your details: Provide your personal information, including your name, email, and phone number.
Verification: Complete the KYC (Know Your Customer) process by submitting identification documents, such as a passport or national ID, and proof of address (e.g., a utility bill).
Account Approval: Once your account is verified, you can proceed with the next steps in becoming a Social Trader.
3. Choose Your Role: Investor or Trader-Leader
You can either become an Investor (someone who copies trades) or a Trader-Leader (someone who allows others to copy your trades).
A. Becoming an Investor:
If you’re new to trading or prefer to copy others, here’s how to start as an Investor:
Deposit Funds into Your Exness Account: Once your account is set up, you need to deposit funds into your trading account. You can deposit using various methods like bank transfers, e-wallets, or credit cards.
Explore Trader-Leaders: Navigate to the Social Trading section of the Exness platform. Here, you can browse profiles of Trader-Leaders based on their performance, risk level, trading style, and other filters.
Select a Trader to Copy: Once you’ve found a trader whose strategy aligns with your goals, you can select them and allocate funds to copy their trades. The amount you invest determines how much of their trades you’ll copy (proportional to your investment).
Monitor and Adjust: After selecting a trader to copy, you can monitor the performance of your investments and adjust your portfolio by choosing new Trader-Leaders if necessary.
B. Becoming a Trader-Leader:
To become a Trader-Leader, you'll need a successful track record and the ability to share your strategies with others. Here’s how to start:
Prove Your Trading Skills: First, you need to establish yourself as a profitable trader. Exness evaluates Trader-Leaders based on their performance, consistency, and risk management. Aim for a stable, long-term profitable trading history.
Enable Social Trading: Once you’ve built a solid trading track record, you can opt to enable the Social Trading feature on your account. In the Exness Social Trading section, there will be an option to become a Trader-Leader and share your trading activity with investors.
Create a Trading Profile: Set up your Trader-Leader profile, including information about your trading style, risk level, and performance. Being transparent about your strategies will help attract followers who are aligned with your risk and trading preferences.
Earn from Performance Fees: As a Trader-Leader, you can earn by allowing others to copy your trades. Exness typically allows Trader-Leaders to set a performance fee, which is a percentage of the profits made by investors who copy your trades.
Engage with Investors: Once you have followers, it’s important to keep them engaged by providing regular updates, answering questions, and sharing insights into your trading strategies. A strong relationship with your followers can help you grow your reputation and increase the number of investors copying your trades.
Start Exness Trade: Open Exness Account and Visit site
4. Manage Your Risk and Strategy
Whether you're an Investor or a Trader-Leader, managing risk is key to success in Exness Social Trading.
For Investors: Monitor your copied trades closely. Don’t invest more than you’re willing to lose, and consider diversifying your portfolio to reduce risk.
For Trader-Leaders: Be transparent about your risk level and strategies. Always use sound risk management techniques (such as stop-loss orders) to protect both your capital and that of your followers.
5. Use the Exness Social Trading App
Exness offers a mobile app to help both Investor and Trader-Leader participants manage their trades:
Browse and copy traders: Investors can easily find and follow top traders through the app.
Monitor performance: Traders can track their performance and adjust their strategies on the go.
Notifications: Get real-time notifications about the status of your trades and the performance of the traders you’re following.
6. Track Your Progress
Both Investors and Trader-Leaders can track their performance over time:
For Investors: Track the performance of your investments and see how well your chosen Trader-Leaders are performing.
For Trader-Leaders: Track the number of investors copying your trades, your profit/loss ratio, and performance metrics.
7. Promote Your Profile (for Trader-Leaders)
Once you’ve become a Trader-Leader, promoting your profile can help you gain more investors:
Share your strategies: Provide regular updates on your trading activities to keep your followers engaged.
Leverage social media: Use platforms like Instagram, Twitter, and Facebook to promote your trading results and attract new investors.
Maintain consistency: Building a reliable and consistent trading record will help you attract more followers and grow your reputation as a trusted Trader-Leader.
Start Exness Trade: Open Exness Account and Visit site
Conclusion
Becoming an Exness Social Trader is an opportunity to engage in a unique form of trading where investors can follow successful traders, and traders can profit by sharing their strategies. Whether you decide to be an Investor or a Trader-Leader, you’ll need to manage your risk, choose the right strategies, and keep track of your performance. With the right approach, Exness Social Trading can be a profitable and flexible way to trade in the financial markets.
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