- What is foreign exchange trading?
- Popular foreign exchange currency pairs
- How to start forex trading on the Exness platform
- Foreign exchange trading hours
- Exness account type
- Exness trading platform
- Exness deposits and withdrawals
- Risk management tools
- Regulatory Framework and Security
- The benefits of using Exness for forex trading
- frequently asked questions
What is foreign exchange trading?
Foreign exchange trading, also known as forex exchange trading or FX trading, involves buying and selling currencies in the global market. It is one of the largest and most active markets in the world, with an average daily trading volume exceeding $6 trillion. The main goal of foreign exchange traders is to profit from fluctuations in currency exchange rates.
The foreign exchange market operates 24 hours a day, five days a week, providing opportunities for global currency pair trading. These currency pairs are classified into major currency pairs, minor currency pairs, and foreign currency pairs based on their liquidity and volatility.
Popular foreign exchange currency pairs
Exness provides traders with a variety of currency pairs to choose from. Some of the most commonly traded currency pairs include:
Main currency pairs:
- EUR/USD (Euro/USD)
- GBP/USD (GBP/USD)
- USD/JPY (US dollars/Japanese yen)
- AUD/USD (Australian dollar/US dollar)
- USD/CHF (US Dollar/Swiss Franc)
Secondary currency pairs:
- EUR/GBP (Euro/Pound Sterling)
- EUR/AUD (Euro/Australian Dollar)
- GBP/JPY (Pound Sterling/Japanese Yen)
Foreign couples:
- USD/TRY (USD/Türkiye Lira)
- EUR/ZAR (Euro/South African Rand)
- GBP/MXN (Pound Sterling/Mexican Peso)
These offer various trading opportunities with different risk and return characteristics. Major currency pairs often have better liquidity and lower spreads, while foreign currency pairs may provide higher volatility and potential greater profits.
How to start forex trading on the Exness platform
Starting forex trading on Exness is very simple. Follow these steps to start:
- Create an account:Register on the Exness platform by providing your personal information and selecting the account type that best suits your needs.
- Deposit:Choose multiple deposit methods, such as bank cards, electronic wallets, or cryptocurrencies, and recharge your account based on the minimum deposit amount required for the account type you have selected.
- Download trading platform:Exness offers Metatrader 4 (MT4) and Metatrader 5 (MT5) for easy access to the forex market. Download and install the platform on your computer or mobile device.
- Start trading:Once your account is established and recharged, start using technical indicators, charts, and economic data to analyze the market. Make buy or sell orders based on your trading strategy.
- Monitor and manage your transactions:Use risk management tools such as stop loss orders, moving stop losses, and negative balance protection to effectively manage your positions and minimize risk.
Through these simple steps, you can start trading forex on Exness and take advantage of its advanced features and competitive trading conditions.
Foreign exchange trading hours
The foreign exchange market is open 24 hours a day, and traders can access it at any time. It operates during four main trading periods:
- Sydney trading session(Opening: 10:00 PM UTC, Closing: 7:00 AM UTC)
- Tokyo trading session(Opening: 12:00 AM UTC, Closing: 9:00 AM UTC)
- London trading session(Opening: 8:00 AM UTC, Closing: 5:00 PM UTC)
- New York Time(Opening: 1:00 PM UTC, Closing: 10:00 PM UTC)
These overlapping trading periods provide traders with the opportunity to respond to global news, economic data releases, and price changes at any time. When two major trading sessions overlap, such as the London and New York trading sessions, market activity and liquidity reach their peak.
Exness account type
Exness offers multiple account options to meet different trading needs. Each account type is designed to optimize the trading experience for specific traders:
| Account Type | minimum deposit | Spread from () | commission | leverage | Execute Type |
| standard score | $10 | 0.3 points | 无 | unlimited | Marketing Executive |
| standard | $10 | 0.3 points | 无 | unlimited | Marketing Executive |
| major | $500 | 0.1 point | 无 | unlimited | Marketing Executive |
| Original spread | $500 | 0.0 point | $3.5 per lot | unlimited | Marketing Executive |
| 零 | $500 | 0.0 point | $3.5 per lot | unlimited | Marketing Executive |
Exness trading platform
Exness supports industry-leading platforms such as MT4 and MT5, ensuring seamless access for traders across devices.
MT4 is a globally recognized trading platform that provides suitable tools for traders of all levels. Main features:
- More than 30 technical indicators and 9 time frames.
- Support the use of Expert Advisors (EAs) for automated trading.
- Advanced charting tools are used for market analysis.
MT5 has developed on the basis of the success of MT4, providing more advanced tools for detailed market analysis. Main features:
- More than 38 technical indicators and 21 time frames.
- Economic calendar integration.
- Support multi asset trading.
| characteristic | MT4 | MT5 |
| TECHNICAL INDEX | 30+ | 38+ |
| Time frame | 9 | twenty-one |
| Pending orders | 6 | 6 |
| Economic Calendar | Not Available | integrated |
Exness deposits and withdrawals
Exness provides instant withdrawal processing services, allowing for seamless and efficient management of funds even on weekends.
| payment method | Deposit time | Withdrawal time | commission |
| Bank Card | immediately | 1-3 working days | 无 |
| e-Wallet | immediately | immediately | 无 |
| Cryptocurrency | 3 confirmations | immediately | 无 |
| bank transfer | 1-5 working days | 1-5 working days | 无 |
Risk management tools
Exness provides traders with effective risk management tools that offer protection and control over their trading activities. These tools are crucial for minimizing losses and maintaining financial security, especially in unstable market conditions.
- Negative balance protection
Negative balance protection ensures that traders do not lose more than the funds they have deposited. This feature can protect traders from bearing debt in the event of rapid market changes or unexpected price differentials. In this case, Exness eliminates the risk of financial liabilities exceeding available capital by automatically resetting the account balance to zero. This feature is widely applied to all account types, enabling traders to effectively manage risks and enhance confidence.
- Stop loss protection
Stop loss protection minimizes the risk of forced liquidation during extreme market volatility. When the trader's margin level approaches the critical threshold for closing positions, the system provides additional margin flexibility, allowing positions to remain open for a longer period of time. This tool is particularly suitable for dealing with short-term market fluctuations, giving trading more room for recovery and avoiding liquidation. It helps prevent unnecessary losses caused by temporary price fluctuations.
- Mobile stop loss
Mobile stop loss will dynamically adjust the stop loss level as the market price moves in a favorable direction for trading. Unlike fixed stop loss orders, moving stop loss tracks price changes, automatically safeguards profits, and reduces the need for manual intervention. This tool is particularly valuable in trend markets as it can lock in profits while keeping trading open to capture more profit opportunities. By automating this process, traders can maintain their focus on broader market strategies without the need for continuous monitoring.
Regulatory Framework and Security
Exness operates under strict regulatory supervision to ensure transparency and protection of customer funds. Its license includes:
- The Cyprus Securities and Exchange Commission (CySEC):Regulate Exness' operations within the European Economic Area (EEA).
- Financial Conduct Authority (FCA):Regulate the services provided in the UK.
- Seychelles Financial Services Authority (FSA):Supervise the operations of customers outside of Europe.
Exness follows international standards and provides secure and compliant services in multiple jurisdictions.
The benefits of using Exness for forex trading
Exness provides a range of advantages for forex traders, making it the preferred choice for both beginners and professionals:
- Competitive Spread:Exness provides tight spreads starting from 0.0 points, allowing traders to take advantage of low-cost trading conditions.
- Fast execution:Exness guarantees to complete transactions quickly with an execution speed of less than 0.1 seconds, minimizing slippage to the greatest extent possible.
- Leverage flexibility:Exness offers flexible leverage options that allow traders to amplify their potential returns with appropriate risk management strategies.
- Advanced risk management tools:Negative balance protection, trailing stop loss, and strong flat protection help traders effectively manage risk.
- 24/7 cryptocurrency trading:Exness supports trading popular cryptocurrencies such as Bitcoin and Ethereum, providing traders with access to volatile digital markets.
These advantages help enhance Exness' reputation as a trustworthy and reliable broker in the forex trading industry.
conclusion
Exness has become the preferred choice for forex and CFD traders due to its strong trading infrastructure, compliance, and commitment to customer success. Exness provides a comprehensive trading experience for traders at all levels with fast execution, flexible leverage, and a wide range of trading tools.
frequently asked questions
What is Exness and why is it popular among traders?
Exness is a globally recognized forex broker that offers transparent operations, competitive trading conditions, and advanced technology. It supports over 200 trading tools, making it the preferred choice for global traders.