Exness Trading: How to Trade Forex for Beginners

How to Register an Account on Exness 

1. To start trading forex on Exness, you need to open an account first, visit the Exness website and click "Open account" at the top right corner.

2. You will be redirected to a registration form that you need to fill out, such as:

• Select your country.
• Email address.
• Create a strong password.
• Tick the box declaring you are not a citizen or resident of the US.
• Click Continue.

3. Then, you will be redirected to the Exness trading platform.

If you are new to forex trading or want to test your strategies without risking real money, you can use a demo account on Exness. A demo account is a simulated trading account that allows you to practice trading with virtual funds. You can access the same trading platforms, instruments, and features as a real account, but without any financial obligations. It is an excellent way to practice and familiarize yourself with the trading platform.

When you are satisfied with your performance on your demo account and want to start trading with real money, you can switch to a real account anytime.

How to Verify Account on Exness

Before depositing funds into Exness, it is necessary to complete the verification process by verifying your email and phone number, as well as providing essential personal information. Additionally, you will be required to upload certain documents, including your Identity Card, passport, or driver’s license, along with a utility bill or bank statement. 

Follow the instructions provided by Exness to complete the verification process or take a look at this article. This mandatory step ensures compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Typically, your account will be verified within a few hours.

How to Deposit Money on Exness

After your account is verified. You can start depositing money into your account using various methods, such as bank cards, bank transfers, e-wallets, or cryptocurrency. Exness supports multiple currencies and payment systems, such as USD, EUR, GBP, AUD, Bitcoin, Skrill, Neteller and more.

Or click "Deposit" at the Exness Trading terminal.

The list of payment methods will show up on the screen.

The minimum deposit amount for Exness varies depending on the type of account and the payment method you choose. For example, the minimum deposit for a Standard account is $10 for most payment methods, while the minimum deposit for a Zero account is $200 for most payment methods. The processing time for these method deposits is usually instant or within a few minutes, allowing clients to start trading immediately.

Executing Buy and Sell Orders on Exness: A Step-by-Step Guide to Successful Trading

Now that you have funded your account, you are ready to trade. You can access the Exness trading platform on your web browser or download it on your desktop or mobile device. The platform offers a user-friendly interface, advanced charting tools, market analysis, indicators and more. You can also use the Exness Trader app to trade on the go.

In this article, I will guide you through the easiest way to start trading without downloading anything.

1. Click the "Trade" button.

2. Click "Exness Terminal" to Trade right in your browser. 

3. Select a currency pair that you want to trade. For example, XAU/USD.

Or click "+" at the top to add instrument(s)​​​​​​.

4. Enter the amount of money that you want to trade. This is also known as the lot size or volume. The lot size determines how much profit or loss you will make for every pip movement in the exchange rate. A pip is the smallest unit of change in a currency pair. The minimum trading volume on our platform is 0.01 contracts.

To calculate pips for XAU/USD (gold), you need to know that 1 pip gain represents a 0.01 move in XAU/SUD (gold). So, for example, when XAU/SUD price changes from 1954.00 to 1954.01. it is 1 pip movement. However, if the price moves from 1954.00 to 1955.00, it is 100 pips movement.

5. Decide whether you want to buy or sell the currency pair. Buying means that you expect the base currency (XAU) to rise in value against the quote currency (USD), while selling means that you expect the opposite.

After setting up your trade, you can click on the "Sell" or "Buy" button to execute it. You will see a confirmation message on the screen and your trade will appear in the "OPEN" session.

6. Confirm your trade and monitor it until it is closed. You can close your trade manually at any time by clicking on the close button or wait until it hits your stop loss or take profit order.

Your trade will appear in the "CLOSED" section.

Set a stop loss and take profit order. A stop loss order is an instruction to close your trade automatically if the market moves against you by a certain amount. This helps you limit your risk and protect your capital. A take profit order is an instruction to close your trade automatically if the market moves in your favor by a certain amount. This helps you lock in your profit and avoid missing out on potential gains.

That’s it! You have just placed a forex trade on Exness. You can start your own forex trading journey.

​​​​How do Traders make Profits on Exness

A trade is said to be in profit when the price is moving in your favor. To understand this, you will need to know what is the favorable price direction for Buy and Sell orders.

• Buy orders make a profit when the price rises. In other words, if the closing Bid price is higher than the opening Ask price when the order is closed, the Buy order is said to have made a profit.
• Sell orders make a profit when the price falls. In other words, if the closing Ask price is lower than the opening Bid price when the order is closed, the Sell order is said to have made a profit.

Conclusion: Exness stands out as a reliable and regulated brokerage

Trading on Exness provides traders with a reputable and trustworthy platform to participate in the dynamic world of Forex, ensuring a secure trading environment for its clients. The diverse range of trading instruments, including major, minor, and exotic currency pairs, offers ample opportunities for traders to explore and capitalize on global markets.

Practicing with Exness’ demo accounts allows traders to sharpen their skills and gain confidence before engaging in live trading. The availability of risk management tools, such as stop-loss orders and position sizing techniques, helps traders protect their capital and manage risks efficiently.

Access to market analysis tools, including real-time price quotes, customizable charts, and economic calendars, enables traders to conduct thorough analysis and stay updated on market-moving events. The educational resources provided by Exness, including tutorials, webinars, and trading guides, further contribute to traders’ knowledge enhancement and continuous growth.

Overall, Trading Forex on Exness offers a comprehensive and reliable platform for traders to engage in the currency markets with confidence. With a focus on regulatory compliance, diverse trading instruments, powerful trading platforms, and a range of risk management tools, Exness equips traders with the necessary resources to pursue profitability in Forex trading. By leveraging their educational resources and dedicated customer support, traders can continue to enhance their skills and stay informed in this dynamic market. Start your Forex trading journey with Exness and unlock the potential for financial growth and success.