Forex trading belongs to a very complex financial category, so traders need to understand how to use exness effectively. Because sometimes the complexity will cause many difficulties for traders. Especially new people. Therefore, in this article, Learn Forex Trading will reveal opinions from experts, helping you improve your “player”!
Basic elements about the Exness exchange you need to know
To be able to deeply understand how to use exness effectively, you need to understand the nature of the exchange first. This is not something any newbie would pay attention to.
Types of assets allowed to be traded on the exchange
Exness is an exchange that allows a relatively diverse range of trading assets. To reach a wide range of customers and meet market needs, Exness has a full range of currently popular trading assets. You can even find strange currency pairs on the exchange. As long as users have needs, Exness will meet them. You can review asset types such as:
- Metals: Precious metals such as Palladium, platinum, silver, gold, etc.
- Trading Commodities (exchanged goods): Gas and Brent crude oil.
- Forex: 107 currency pairs
- Stocks: 81 codes from many leading global companies.
- Indices (index trading): Own the top popular stock indices.
- Digital currency, cryptocurrency
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Exness circulates many types of market assets
See more: Instructions for registering an Exness account
Deposit and withdrawal methods
Currently, deposit and withdrawal payment methods are increasingly diverse. Keeping up with that trend, Exness also diversifies the methods used to exness deposit and withdrawal for a variety of traders on the exchange. You can refer to the table below:
The trading platform used to understand how to play Exness
To trade on Exness, you can choose from the following platforms
- Metatrader 5
- Metatrader 4
- Exness Terminal
- Metatrader Web Terminal
Each platform has unique advantages depending on the needs and usage experience of traders. These are popular platforms in the forex trading market and are also the platforms with the most integrated features. Mastering one of these Exness trading sessions will help you understand how to use exness and trade smarter.
Suggestions on how to use exness for newbies:
For newbies, you first need to register an account to start trading. You can Instructions for registering an Exness account.
Notes on how to play Exness with newbies
- Once you have an account, choose account types suitable for newbies such as Standard or Cent to get familiar with first. You can also use a virtual account to avoid losses. However, using a real account with a small investment will still be the optimal choice. When you get direct experience of taking real losses or profits. Virtual accounts can only satisfy the proficient use of trading platforms, so the actual value will not be high.
- You can also refer to how to use exness of other experts through Social trading. Copy trading orders from experienced people (of course still have to pay commission). This way, without too much experience, you can still play Exness effectively.
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Newbies can learn from experienced traders
What do experience investors need to know to effectively use how to use exness?
To be able to play Exness smoothly and minimize risks, you need to pay attention to a few things as we share below.
Paying attention to the market is the first thing to know about how to play on Exness
First of all, you need to pay attention to the trading market, trading hours, or trading products. Currently, on the exchange, there are many types of assets such as Forex, bitcoin, precious metals, and stocks… How to trade gold is considered a potential trend. Based on your buying, selling, and exchanging needs, choose the appropriate type of trading asset. Understanding the good trading times also helps you understand more about how to use exness successfully.
You can refer to the types of trading assets on Exness Review: Overview and details about Exness
Watch for price jumps (GAP)
Tracking price jumps will help you decide on stop loss and order execution mechanisms. Jumps can occur at market closes and price changes following financial news.
Use the exchange’s stop loss mechanisms.
Another thing worth noting about how to use exness for experienced traders is the Exness automatic stop loss feature. This feature is available on all types of real accounts on the exchange. However, a stop-loss order cannot help you completely avoid 100% loss. It only helps you reduce losses to an acceptable level, preventing you from losing too much.
Hedging can be used if necessary
This is also a way to help you protect your investment and limit risks. In addition, revenue can also be optimized if it is profitable. The mechanism of Hedging is to place both buying and selling in parallel on the transaction. Of course, this method requires you to have a lot of experience in how to play Exness and need to have enough money to pay for two orders.
Always being careful and calculating risks is the wisest how to use exness.
You can refer to other more experienced traders. However, even if you are experienced, there will still be times when you make wrong judgments due to the complex and volatile nature of the trading market. Don’t trust too much in any leader. Also, know your limits when placing orders. Because market prices often change very quickly and fluctuations can be very large.
See more: Registering Exness broker account on your phone
Some how to use exness are popular on the exchange
Below is an overview of some directions for how to use exness used by many experts:
The popular direction of how to play Exness: Day trading.
You can trade Forex on the exchange during the day and regularly every week. Earn profits according to price fluctuations that day. Forex ratio distribution will be related to the time of holding and buying and selling currencies on the exchange. This is also how to use exness recommended for those new to trading. No exposure to overnight risk or next-day market corrections. Price fluctuations will also be smaller, you can closely follow stock actions and daily changes. Avoid keeping assets that need to be sold for too long.
Trade long term with short holding period.
This how to use exness is also known by another name: Swing. You can get more profit than day trading by using overnight data for better results. How to apply depends on technical analysis, recent trading support levels, and fundamental data when placing a trading position.
Long-term trading with long holding periods.
An economy’s currency can increase significantly in some countries if a time-scale trading strategy is applied. However, this way of playing Exness requires patience and trading experience. Because your money may be tied up for the time being.
how to use exness in a few hours or a fixed few minutes.
This way of playing Exness is for those who follow disciplined trading. The best tools to expand trading utility are EMA, MACD, and SMA.
summary
Above are some objective summaries on how to participate in trading at Exness. Hope this article ofLearn Forex Trading will be your suggestion on how to use exness on the exchange effectively. If you are familiar with the right rules and strategies, start trading on the world’s leading exchange Exness here.
