How to Trade Forex and Withdraw on Exness
How to Trade Forex on Exness
How to Open an Order on Exness: A Step-by-Step Guide to Successful Trading
Buy and Sell on the Exness Website
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.
Buy and Sell on the Exness App
1. Open the Exness Trade app on your mobile device and log in using your account credentials.
2. Tap on the Trade tab.
3. Explore the available trading instruments and tap on any instrument to expand its chart and access the trading terminal.
4. Tap Sell or Buy to expand its basic order settings, such as lot size.
You can tap Order settings to bring up more advanced options including. These parameters define your risk management and profit targets:
- The choice of 3 order types; market order, limit order and stop order types.
- Take profit and stop loss options for each order type.
When any options are entered, real-time data will display below that option.
5. Once you are satisfied with the trade details, tap the appropriate Confirm button to open the order. The Exness app will process the order and execute it at the prevailing market price or the specified price, depending on the order type.
6. A notification confirms that the order has been opened.
How to Close an Order on Exness
Close an Order on the Exness Website
1. Close an order from that trading instrument’s chart by clicking the x icon for the order, or from the portfolio tab with the x icon.
2. To close all active orders for a particular instrument, click on the "Close All Positions" button located at the top-right of the chart (next to the Profit displayed).
3. Close all open positions for every traded instrument by clicking on the "Close All" button at the bottom-right of the portfolio area.
Your trade will appear in the "CLOSED" section.
Close an Order on the Exness App
1. Open the Exness Trade app.
2. From the Accounts tab, locate the order you wish to close under the "OPEN" tab.
3. Tap the order you wish to close, and then tap Close order.
4. A confirmation pop-up will display the order’s information. Review the details once again to ensure accuracy. If you are certain, tap on "Confirm" to close the order.
5. You will receive a confirmation message indicating that the order has been closed successfully. The order will be removed from your list of open positions.
Review Closed Orders: You can access your closed orders under the "CLOSED" tab. This allows you to track your trading activity and analyze your performance.
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.
Tips for Successful Trading on the Exness
These are some of the tips that can help you trade successfully on the Exness app:
Educate Yourself: Continuously improve your trading knowledge by learning about market analysis techniques, trading strategies, and risk management principles. The Exness app offers a variety of educational resources and expert insights to help you improve your trading skills and knowledge, such as webinars, tutorials, and market analysis articles, to help you stay informed.
Develop a Trading Plan: Set clear trading goals and establish a well-defined trading plan. Define your risk tolerance, entry and exit points, and money management rules to guide your trading decisions and minimize emotional trading.
Utilize Demo Accounts: Take advantage of the Exness app’s demo accounts to practice your trading strategies without risking real money. Demo accounts allow you to familiarize yourself with the platform and test different approaches before transitioning to live trading.
Stay Updated with Market News: Keep track of economic news, geopolitical events, and market trends that can influence your trading positions. Exness provides access to real-time market news and analysis, helping you make well-informed trading decisions.
Use technical analysis tools and indicators: The Exness app provides a range of technical analysis tools and indicators to help you identify trends, patterns, support and resistance levels, and potential entry and exit points. You can use different chart types, time frames, drawing tools, and indicators to analyze market movements and signals. You can also customize your charts and indicators according to your preferences and save them as templates for future use.
Set your risk management parameters: The Exness app allows you to set various risk management parameters to protect your capital and limit your losses. You can use stop loss and take profit orders to close your positions automatically at predefined levels. You can also use trailing stop orders to lock in your profits as the market moves in your favor. Additionally, you can use margin alerts and notifications to keep track of your account balance and margin level.
Keep Emotions in Check: Emotional decisions can lead to poor trading outcomes. Emotions such as fear, greed, and excitement can cloud judgment. Maintain a rational mindset and make decisions based on logical analysis rather than impulsive reactions to market fluctuations.
How to Withdraw Money from Exness
Withdrawal Payment Methods on Exness
Exness offers a variety of payment methods for withdrawal, providing traders with flexibility and convenience. The available payment methods may vary depending on the region and account type. Here are some commonly supported withdrawal methods on Exness:
Bank Transfers
Traders can withdraw funds directly to their bank accounts. Bank transfers are reliable and suitable for large amounts, this method typically requires providing the necessary bank details, such as account number and account name. The processing time for bank transfers is usually within minutes or up to 24 hours.
Bank Cards
You can use Visa or Mastercard to withdraw funds from your Exness account. This is a convenient and secure option that allows you to receive your money directly to your bank account. Traders need to provide their card details and may need to complete any required verification processes. On Exness’ side, all withdrawal requests are processed instantly. Your withdrawal request is then sent to our card processors and your bank, and the whole process can take up to 5 business days for the funds to be reflected in your bank account. Usually, It takes in few hours.
Digital wallets (E-wallets)
You can use various e-wallets to withdraw funds from your Exness account, such as Skrill, Neteller, and others. Traders can link their e-wallet accounts to their Exness accounts and transfer funds securely. E-wallets are fast and easy to use, and they usually process withdrawals within a few minutes or up to 24 hours. The minimum amount for e-wallet withdrawals is $2 or equivalent, and the maximum amount depends on your e-wallet’s limits.
Cryptocurrencies
You can use Bitcoin or Tether to withdraw funds from your Exness account. Traders can provide their crypto wallet addresses to receive their funds. Cryptocurrencies are decentralized and anonymous, and they allow you to transfer money across borders without intermediaries. The processing time for cryptocurrency withdrawals is usually within 24 hours, but it may vary depending on the network congestion and confirmation speed. The minimum amount for cryptocurrency withdrawals is $10 or equivalent, and the maximum amount depends on your account balance.
As you can see, there are many options to choose from when it comes to withdrawing funds from your Exness account. You should consider your personal preferences, needs, and circumstances when selecting a payment method.
Traders should also be aware that some payment methods may have associated fees or charges. These fees can vary depending on the method. Exness provides transparent information about withdrawal fees on its website, enabling traders to make informed decisions.
Exness Withdrawing Money Rules
Be aware of these general rules for withdrawing funds:
- The amount you can withdraw at any time is equal to your trading account’s free margin shown in your Personal Area.
- When making a withdrawal, it is necessary to use the same payment system, account, and currency that were used for the initial deposit. If multiple payment methods were used for deposits, withdrawals should be proportionally distributed among those payment systems. Exceptions to this rule may be considered with account verification and guidance from our payment specialists. If you encounter any difficulties in withdrawing using the same local payment method used for the deposit, please contact Support for further assistance.
- Prior to withdrawing any profits from your trading account, it is mandatory to request a full refund of the initial deposit amount made through your bank card or Bitcoin.
- Withdrawals must follow the payment system priority; withdraw funds in this order (bank card refund request first, followed by bitcoin refund request, bank card profit withdrawals, then anything else) to optimize transaction times.
To help you understand how these general rules work together, we’ve provided an example as they are very important:
Suppose you have made a total deposit of USD 1,000 into your account, consisting of USD 700 via a bank card and USD 300 through Skrill. Consequently, you’ll only be allowed to withdraw 70% of the total withdrawal amount with your bank card and 30% through Skrill.
Let’s assume that you’ve earned USD 500 and wish to withdraw everything, including profit:
- Your trading account has a free margin of USD 1 500, making up the total of your initial deposit and subsequent profit.
- You will first need to make your refund requests, following the payment system priority; i.e. USD 700 (70%) refunded to your bank card first.
- Only after all refund requests are complete can you withdraw profit made to your bank card following the same proportions; USD 350 profit (70%) to your bank card.
The payment priority system is an essential rule without exception that Exness follows to comply with financial regulations and prevent money laundering and potential fraud.
How to Withdraw Money from Exness: Step-by-Step Guide
Before withdrawing money from Exness, traders must complete all required account verification procedures, such as providing identification documents and proof of address to ensure the security and integrity of the trading platform.
Once the necessary verification has been completed, traders can initiate the withdrawal process.
2. Next, you need to choose the payment method that suits you best.
3. Enter the amount that you want to withdraw.
4. To confirm the transaction, please enter the 2-step verification code that has been sent to you via email or SMS.
5. You also need to provide some details, such as your bank account number, card number, e-wallet address, or crypto wallet address. Depending on the payment method.
6. Wait for your funds to be processed and deposited into your chosen account.
Finally, you need to wait for the withdrawal request to be processed by Exness and the payment provider. The processing time may vary depending on the payment method and the amount of money. Exness strives to process all withdrawal requests as quickly as possible. Usually, it takes from a few minutes to 1 day for the money to reach your account.
In addition, traders should be aware that some withdrawal methods may incur fees or other charges, which can vary depending on the method selected. Exness provides detailed information on the fees and processing times for each withdrawal method on our website, allowing traders to make informed decisions when choosing a method for withdrawing their funds.
Discover the Top Advantages for Easy Fund Access and Efficient Trading
There are several advantages to using the withdrawal services provided by Exness. These advantages contribute to a seamless and convenient trading experience for traders. Here are some key advantages:
Any time: You can withdraw money at any time, on any day, including weekends and public holidays. This grants you round-the-clock access to your funds, eliminating the need to wait for business hours or bank processing times.
Wide Range of Payment Methods: Exness provides multiple payment options for withdrawals, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. This allows traders to select the most convenient and suitable method for their needs.
Fast Processing Times: Exness strives to process withdrawal requests efficiently and promptly, allowing traders to quickly access their funds. Processing times may vary based on the payment method and account verification requirements, but Exness generally aims for timely processing.
Transparency and Clarity: Exness provides transparent information regarding withdrawal fees, processing times, and any limitations associated with each payment method. This transparency allows traders to make informed decisions and plan their withdrawals accordingly.
Security Measures: Exness places a high priority on the security of traders’ funds and implements strong security measures to safeguard transactions and personal information during withdrawals. This helps to maintain the safety and integrity of traders’ funds.
Global Availability: Exness serves traders globally by offering withdrawal services in multiple currencies and supporting various payment methods. This allows traders from different regions to conveniently withdraw their funds using their preferred method and local currency.
Responsive Customer Support: Exness is known for its responsive customer support, which can assist traders with any queries or concerns related to the withdrawal process. Traders can reach out to the support team through various channels, such as live chat, email, or phone, to receive timely assistance.
As you can see, using withdrawal on Exness has many benefits for forex traders who want to access their funds quickly and easily.
How long does Exness Withdrawal take
The withdrawal processing time on Exness depends on the payment method you choose and the status of your account verification. Generally, withdrawals are processed within 24 hours on business days. However, some payment methods may take longer to process due to the bank’s or payment provider’s policies. You can check the status of your withdrawal request in the Withdrawal History section of your Personal Area.
Exness Withdrawal Fees
You can also enjoy low or zero fees and commissions on your withdrawals, as Exness does not apply charges, your credit card provider, bank or payment system may apply a transaction fee or commission that is beyond our control.
