Becoming a Master of the Exness Trading App: A Guide for Novices
Exness is a highly acclaimed trading platform that grants traders entry to a broad assortment of financial instruments like stocks, commodities, cryptocurrencies, and forex. The platform can be accessed through either a website or a mobile application for both iOS and Android devices. This comprehensive guide aims to provide new traders with everything they require to know to operate the Exness trading app with proficiency.
Step 1: Download and Install the Exness App
To commence trading on the Exness app, the first step is to download and install it on your device. Search for ""Exness"" on either the Google Play Store or App Store, download the app, and install it.
Step 2: Create Your Account
The subsequent step is to create your account after successfully installing the Exness app. Click on the ""Register"" button, and you can supply your personal details such as your name, email address, and phone number while creating a robust password.
Step 3: Verify Your Account
The verification of your account is the next step in the process. This step is crucial to ensure that all traders on the platform are genuine and conform to regulatory standards. You'll need to upload a copy of your passport or ID card and a bank statement or utility bill that displays your name and address to provide proof of identity and proof of address.
Step 4: Fund Your Account
To commence trading on the Exness app, you'll need to fund your account. Choose your preferred payment method by clicking on the ""Deposit"" button. Exness offers numerous payment options, including bank transfer, credit/debit card, and e-wallets like Skrill and Neteller.
Step 5: Choose Your Preferred Trading Instrument
When your account is funded, you can commence trading on the Exness app. The platform provides a broad range of trading instruments, ranging from forex to stocks, commodities, and cryptocurrencies. Choose your preferred instrument and commence trading.
Step 6: Conduct Market Analysis
Before commencing any trades, performing an in-depth market analysis is critical. The Exness app provides several trading tools such as technical indicators and charting tools to assist you in analyzing the market and identifying potential trading opportunities.
Step 7: Open Your Trade
After conducting market analysis, you can proceed to initiate your trade. Click on the ""Trade"" button and provide the essential details, such as the trading instrument, trade size, and stop-loss and take-profit levels.
Step 8: Monitor Your Trade
Once you have initiated your trade, monitoring it continuously is essential to ensure it is progressing as intended. Real-time quotes and charts are available on the Exness app, allowing you to keep track of your trades from any location.
Step 9: Close Your Trade
Once you have achieved your desired profit or loss, it is time to close your trades. Click on the ""Close"" button and confirm the trade closure. You can also set stop-loss and take-profit orders to close trades automatically at predetermined levels.
Operating the Exness trading app is uncomplicated and user-friendly. By following the steps outlined in this guide, novice traders can start trading on the Exness app effortlessly. Remember to conduct market analysis, manage your risk, and avoid impulsive decisions when trading on the Exness app.