Did you know that 78% of new forex traders quit within the first 3 months due to lack of clear guidance? EX Trading will help you avoid becoming part of this statistic with detailed instructions on how to start trading on the Exness platform - a forex exchange that has served over 15 million traders worldwide.
Why Choose Exness for Beginners?
Exness stands out with its user-friendly interface and low trading fees, making it particularly suitable for forex newcomers. The platform holds licenses from reputable regulatory authorities like CySEC and FCA, ensuring your funds are safe.
Helpful tip: Spend 15 minutes each day familiarizing yourself with the Exness interface before you start actual trading.
Step 1: Register an Exness Account
First, visit the official Exness website or download the app to your phone. Click the "Register" button in the corner of the screen. Enter your email, phone number, and create a secure password.
Helpful tip: Use your official email and set a password that combines letters, numbers, and special characters to enhance security.
Step 2: Verify Your Identity
After registration, you need to verify your identity using an ID card/passport and a bill showing your address (such as electricity or water bill). Documents must be clear and not older than 6 months.
Helpful tip: Take photos in good lighting conditions and ensure all information is clearly visible. The verification process usually takes about 24 hours.
Step 3: Choose the Right Account Type
Once your identity is verified, the next crucial step is selecting an appropriate account type. For beginners, a Standard Cent account is the ideal choice. It allows you to trade with minimal capital (just $10) and has spreads from 0.4 pips.
Helpful tip: Start with a demo account before using real money. This helps you get familiar with the platform without risking your funds.
Step 4: Deposit Funds Into Your Account
With your account set up, you'll need to add funds to start trading. Exness offers multiple deposit methods such as bank cards, e-wallets, and bank transfers. Internet Banking is often the most convenient option for many traders.
Helpful tip: Start with a small amount ($10-20) to practice. Don't deposit too much while you're still learning.
Step 5: Make Your First Trade
After successfully depositing money, you're ready to trade. Choose popular currency pairs like EUR/USD to begin. Click "New order" and set a small trading volume (0.01 lot).
Helpful tip: Always set a Stop Loss to limit risk. Golden rule: Never risk more than 1-2% of your total capital on a single trade.
Remember, forex isn't a sprint but a marathon. Patience, continuous learning, and good risk management will lead you to success. EX Trading is always ready to accompany you on this journey!
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