What’s Forex Trading?
Forex trading means buying and selling different currencies on the global market. It’s one of the biggest and most liquid markets in the world, with over $6 trillion traded daily. Traders try to make money from changes in currency exchange rates.
The forex market runs 24 hours a day, five days a week. You can trade currency pairs that fall into three main groups: major, minor, and exotic pairs, which differ in their stability and potential profit margins.
Most Popular Currency Pairs
Exness lets you trade many currency pairs. Here are some of the most common ones:
Major Pairs:
- EUR/USD (Euro/US Dollar)
- GBP/USD (British Pound/US Dollar)
- AUD/USD (Australian Dollar/US Dollar)
- USD/CHF (US Dollar/Swiss Franc)
- USD/JPY (US Dollar/Japanese Yen)
Minor Pairs:
- EUR/AUD (Euro/Australian Dollar)
- GBP/JPY (British Pound/Japanese Yen)
- EUR/GBP (Euro/British Pound)
Exotic Pairs:
- EUR/ZAR (Euro/South African Rand)
- GBP/MXN (British Pound/Mexican Peso)
- USD/TRY (US Dollar/Turkish Lira)
These different pairs offer various trading opportunities. Major pairs usually have smaller spreads and less risk, while exotic pairs can be more volatile with chances for bigger profits.
How to Begin Trading on Exness
Starting forex trading with Exness is easy. Just follow these steps:
- Sign Up: Create an account by entering your personal details and choosing an account type that matches your trading style.
- Fund Your Account: Add money using bank cards, e-wallets, or even crypto. Each account type has its own minimum deposit requirement.
- Get the Trading Software: Exness supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Download the one you prefer to your computer or phone.
- Make Your First Trade: Once you’ve set up and funded your account, start analyzing the market with the tools provided. Then place buy or sell orders based on your strategy.
- Watch Your Trades: Use tools like stop-loss orders, trailing stops, and negative balance protection to manage your trading risk.
With these simple steps, you can start trading forex with Exness and benefit from their features and trading conditions.
When Can You Trade Forex?
The forex market never sleeps during the week. It operates through four main trading sessions:
- Sydney Session (Opens: 10:00 PM UTC, Closes: 7:00 AM UTC)
- Tokyo Session (Opens: 12:00 AM UTC, Closes: 9:00 AM UTC)
- London Session (Opens: 8:00 AM UTC, Closes: 5:00 PM UTC)
- New York Session (Opens: 1:00 PM UTC, Closes: 10:00 PM UTC)
These overlapping sessions let traders respond to news, economic data, and price changes at any time. The market is busiest when two major sessions overlap, like when London and New York are both open.
Different Exness Account Options
Exness offers several account types to fit different trading needs:
| Account Type | Commission | Execution Type | Spreads (from) | Leverage | Minimum Deposit |
| Standard | None | Market Execution | 0.3 pips | Unlimited | $10 |
| Pro | None | Market Execution | 0.1 pips | Unlimited | $500 |
| Standard Cent | None | Market Execution | 0.3 pips | Unlimited | $10 |
| Zero | $3.5/lot | Market Execution | 0.0 pips | Unlimited | $500 |
| Raw Spread | $3.5/lot | Market Execution | 0.0 pips | Unlimited | $500 |
Trading Platforms Available
Exness uses the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which work on multiple devices.
MT4 is known worldwide and has tools for all types of traders. Key features include:
- Over 30 technical indicators and 9 timeframes
- Support for automated trading with Expert Advisors (EAs)
- Advanced charting tools to analyze markets
MT5 builds on MT4’s success with more advanced features:
- More than 38 technical indicators and 21 timeframes
- Built-in economic calendar
- Multi-asset trading support
| Feature | MT4 | MT5 |
| Chart Types | 3 (Line, Bar, Candlestick) | 4 (Line, Bar, Candlestick, Heikin-Ashi) |
| Technical Indicators | 30+ | 38+ |
| Order Execution | 2 (Instant Execution, Market Execution) | 3 (Instant Execution, Market Execution, Request Execution) |
| Timeframes | 9 | 21 |
| Pending Orders | 6 | 6 |
| Economic Calendar | Not Available | Integrated (Real-time updates, news) |
| Time Zones | 1 time zone per account | Multiple time zones for flexibility |
| Order Types | 4 (Market, Limit, Stop, Trailing Stop) | 6 (Market, Limit, Stop, Trailing Stop, Buy Stop Limit, Sell Stop Limit) |
Exness Money Deposits and Withdrawals
Exness processes withdrawals instantly, even on weekends, making it easy to manage your funds.
| Payment Method | Bank Cards | E-Wallets | Cryptocurrencies | Bank Transfers |
|---|---|---|---|---|
| Deposit Time | Instant | Instant | 3 confirmations | 1-5 business days |
| Withdrawal Time | 1-3 business days | Instant | Instant | 1-5 business days |
| Fees | None | None | None | None |
Tools to Manage Risk
Exness provides tools to help traders protect their investments and control their trading risks. These tools are vital for reducing losses, especially when markets get unpredictable.
- Negative Balance Protection
This feature ensures you can never lose more than the balance in your account. In case of sudden market shifts or price gaps, it automatically resets your balance to zero, preventing you from going into debt. All account types are covered by this protection, giving traders confidence.
- Stop Out Protection
Stop Out Protection helps avoid the forced closure of positions during extreme market fluctuations. When your margin level nears the critical point where positions would typically close, the system provides additional flexibility, allowing positions to remain open longer. This feature is useful during short-term market disruptions, giving trades more time to recover.
- Trailing Stops
Trailing stops automatically adjust your stop-loss levels as prices move in your favor. Unlike fixed stop-losses, they “follow” price changes, locking in profits while reducing the need for constant manual intervention. This is especially beneficial in trending markets, securing gains while keeping the trade open for additional profit opportunities.
Regulation and Safety
Exness operates under strict regulatory oversight to ensure transparency and client fund protection. Its licenses include:
- Cyprus Securities and Exchange Commission (CySEC): Regulates Exness in the European Economic Area (EEA)
- Financial Conduct Authority (FCA): Oversees UK operations
- Financial Services Authority (FSA) in Seychelles: Monitors services for clients outside Europe
Exness follows international standards, providing secure and compliant services across different regions.
Why Choose Exness for Forex Trading
Exness offers several benefits that make it popular among both new and experienced traders:
- Low Spreads: Offers tight spreads starting from 0.0 pips, reducing your trading costs.
- Quick Execution: With speeds under 0.1 seconds, your trades get filled fast with minimal price slippage.
- Flexible Leverage: Exness gives you options to increase your potential returns using appropriate risk management.
- Strong Risk Management Tools: Features like negative balance protection, trailing stops, and stop-out protection help keep your trading safer.
- 24/7 Cryptocurrency Trading: You can trade popular cryptocurrencies like Bitcoin and Ethereum any time, accessing these volatile markets whenever you want.
These advantages contribute to Exness’s reputation as a reliable broker in the forex industry.
Summary
Exness stands out as a top choice for forex and CFD traders because of its strong trading infrastructure, regulatory compliance, and focus on client success. With fast execution, flexible leverage options, and a wide range of instruments, Exness provides a complete trading experience suitable for traders of all levels.
FAQ
What is Exness, and why do traders like it?
Exness is a global forex broker known for transparent operations, competitive trading conditions, and advanced technology. It offers over 200 trading instruments, making it popular among traders worldwide.