Exness review best forex crypto trading | correct way to open Exness account - GREAT MONETIZE
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| Exness best forex trading |
Hello everyone all GREAT MONETIZE website visitors today we will make review for Exeness best forex crylto trading 2022 .
Exeness is one of the most famous brokerage companies in the field of forex and stock trading, which has gained great fame due to its great experience in this field specifically, which makes its clients have a greater opportunity to be present strongly in the global markets and invest in the field of trading, whether in forex or financial assets.
It is worth noting that recently forex trading has spread widely among people, which prompted a wide group of young people to think about starting and experimenting, and some of them managed to achieve huge profits already, but others did not know where to start correctly and thoughtfully to avoid loss .
If we say that anyone who wants to trade can avoid losing 80%, we are completely inaccurate, as forex trading in general is based on risk, expectation and studying the trading market, there is no guarantee of profit or loss.
However, despite this, it is considered one of the fastest ways to profit through which a high profit can be achieved, and some have been able to achieve what can be called passive income, that is, having a project that can generate a lot of profits for you while you sleep.
Unconventional ambitious youth are considered the most trying people in this field and searching for it, especially those who do not want to commit to daily work schedules for long hours and a fixed salary that may not meet their needs or enable them to fulfill their youthful dreams.
But it also carries a great risk, so you must start right in order to avoid losing as much as you can, and you should start trading with small amounts as a matter of experience and practice, in addition to deep reading in this area and the mechanism of forex working and what are the appropriate brokerage and times for trading, all of which are factors that you should You know her very well to get into this field.
But our honorable follower is not against you, in order to save you the trouble of searching, we will learn in more detail about what trading is and the most prominent benefits that may accrue to you from it as well as its most prominent advantages, since there is no real success in this particular field without choosing a company Professional brokerage, we will also talk about the most prominent types of brokerage firms, and the criteria that should be met by the company that you will choose.
We come to another very important part, which is how to get started with the giant Exeness company, of course, you cannot start without opening a new account on the platform, but it is very easy, as the site designers made sure that dealing with the company’s official website is very easy, no matter who you are Newbie in this matter.
How to register a new account in Exness with pictures – Exness explanation
Therefore, we will explain with steps and pictures how to open a new account on the Exeness platform so that you can start trading through it and benefit from all the features and support that the Exeness team provides to all clients and traders, so let’s start together, our dear followers..
2- Click on the Start icon to move to the next step of creating your new account and put your feet on the first path of trading through the global Exeness platform, and as soon as you click on (Start), that page will appear..
You must fill in all the data correctly, where you find the first box expressing your country of residence and not your nationality, in order to make sure that you do not reside in any of the federal countries, especially the United States of America, then you must enter your email, and make sure that you write it in the correct way, then write the word A password for your account, and save it with you so that you do not forget it.
When choosing your password, you should know that it must consist of a minimum of eight characters and a maximum of fifteen characters, and that you must use both uppercase and lowercase letters in English only..
And do not forget to know that you do not live in the United States, and then continue, to move to the next stage.
3- After registering the account, the platform will ask you a number of questions, which is a set of options, you have to make the right choice, and you know that by answering these questions, you will determine if you are a beginner or a professional trader, and the value of the investment you want to invest Trading in it, your available financial capabilities, and other other information, and we will present all questions to you through the following pictures, follow us..
Once you answer a question, you will automatically move to the next question, and you know that you cannot go to the next page without answering all the questions on the current page, but you must be careful to choose the answer to ensure its accuracy and correctness..
We stress the need to answer all questions correctly so that the support team can provide all the assistance you need in order to start trading.
To complete the questions asked to you, you will also find more questions about your source of income, whether a bank deposit, inheritance or other available sources of income, choose the most suitable for you and choose it ..
The platform will also ask you a question regarding the type of account you want to start with, and here it is worth noting that most trading experts advise starting with demo accounts, so that you know the account settings, how to trade and the experience.
Once you choose the demo account, the platform will give you a virtual amount of ten thousand dollars, so that you can try many trades and try out many categories without losing your real money.
After completing the questions on each page, you have to click on the word “Follow” to move to the next questions page, and after completing the questions, the support and customer service team begins to make something like a visualization for you, and how to help you, so you have to answer very accurately and do not click on Choose Not real.
8- After that, the platform will transfer you to your internal account, where it will appear to you with this image.
You can choose between the real or the demo account, and if you choose the demo account, Exeness offers you an amount of $10,000 as a virtual amount that is not real, you can make many experiments by using it, whether you are a new trader, or a professional but you want to try a new market ..
9- On the far right, you will find a long list with many icons, including account settings, through which you can adjust your account. You will also find an icon that expresses your accounts, and this indicates that you can register with more than one account, then deposit and withdraw, transaction history and statistics, then social trading and monitoring And then settings.
Thus, you have registered a new account on the Exeness platform with ease, you can start now using a demo account to get more experience in THIS field.
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| Crypto forex trading |
How does Exness work?
As we have already mentioned, the Exeness platform provides ideal opportunities to access global financial markets through the platforms available on it, while providing different accounts that are suitable for all types of traders, and now we will address the mechanism of working with the Exeness platform, follow along with us..
It is worth noting that the platform provides all the data and analyzes necessary for the trading market, whether it is the forex and CFD markets for stocks, as well as energy sources, commodities, gold, silver, etc. Work management through the Exeness team and can be summarized in the following lines..
1- You should know that any reports or data that are published are for the purpose of analysis only, and cannot be considered a recommendation to invest in a certain field or a forecast.
2- All analyzes provided to clients are prepared and reviewed by a team of independent experts and analysts, according to the market movement and the analyst's own expertise.
3- Any investment decision or expectation made by the client himself, without any interference from the platform, and this is a disclaimer of responsibility, as it is not responsible for any loss that the client may incur, the whole matter is up to him.
4- Several internal procedures have been established in the internal accounts settings, in order to provide maximum protection for the client himself on the one hand, and to prevent conflict of interests during trading on the other hand.
5- Despite employing the best experts and analysts to ensure the reliability of all analyzes and data provided to the client, this does not guarantee continuous profit, nor does it guarantee the completeness of the information as well, especially with the fluctuation of the trading market from one moment to the other.
Therefore, these analyzes can be a reference to performance that has become in the past, and cannot be a prediction of future results, so the client should not rely on the reports received by him as an implicit promise of profit, or that his loss may be related in one way or another to those reports, as we have already mentioned All customer decisions are up to him only, and the company's team does not submit to some analyzes that may all change in an instant.
6- If you want to be a professional and successful trader, you must realize the extent of the market change, and do not derive your future expectations from any data or analyzes that may be sent to you. You understand well all the risks and risks that may be incurred once you get started in the trading market, and you know that financial assets and currency exchange rates change in ways that you may not expect, so you should read carefully about those risks before you start.
currency pairs
You must ensure the availability of currency pairs, which are represented by a minimum of seven of the major pairs (Australian and Canadian, Swiss franc, euro, pound sterling, Japanese yen, and the dollar), and we touched on this matter at the top, where each pair is indicated Of those currencies, three letters represent the name of the currency and the region, and one of the most prominent things that Exness was keen to provide is the presence of more currency pairs.
Transaction costs
You should know, dear trader, that the lower the transaction costs or the so-called spread, which is calculated in points by Exeness brokerage and trading, the greater the profits for the client, and certainly you can find some difference in that between the brokerage companies spread around us, we mention for example Example but not limited to wanting to sell at the price of the EUR/USD usually the spread is 3 pips, but if you can find the spread of 2 pips, that is better.
Minimum trading volume
The minimum trading is a relative matter that differs from one company to another on the one hand, and depends on the extent of the transaction size and the trading market in which you are speculating, as speculating in the stock market or any type of financial asset class differs from trading currencies and forex, but the financial asset classes They differ among themselves in determining the minimum number of trades.
Perhaps it is worth noting that the minimum often ranges between one thousand and ten thousand and one hundred thousand units, and you may be surprised if you learn that there are some contracts and deals in which the minimum starts from one hundred thousand units, which are Standard accounts, as for contracts that start from ten thousand A unit called Mini accounts, the smallest of which starts from 1,000 units, which is the Micro Cloud. There are other accounts and contracts that are open and flexible and are called in this field as Lot.
Overnight commission with Exness company
There are fees that brokerage companies, especially Exness, may impose on open contracts, which are left for several days. This commission is called the overnight commission, but you should know that the interest rate is determined from the currency of one country to another, and interest rates vary of course from one country to another, as well as the difference The interest rate is between the two currencies in the currency pair.
We mention, for example, but not limited to, that when trading the pair of the British pound and the US dollar, for example, if the pound sterling has a higher interest than its counterpart the US dollar, then the commission on the rollover of the British pound contract will be more expensive.
On the other hand, if the Swiss franc is lower against the dollar, then the swap fees for the dollar and the Swiss franc will be somewhat cheaper, and you should know that Exness provides interest-free Islamic accounts for the Arab region, where a large percentage of Muslims who want to stay away from accounts asthmatic..
margin size
The size of the margin refers to the leverage provided by the company, and the more flexible it is, the better it is for all traders, even the novice ones, and you work that you can enter into much more deals and access different and global financial markets regardless of the size of your account and the value of your trading.
One of the most important features of the Exness platform from other brokers is that it offers a flexible leverage of 1:2000, especially for those outside the borders of jurisdictions, which refer to the federal countries, especially the United States of America.
Margin requirements
Did you know that a decrease in margin indicates a higher leverage and an increase in the possibility of higher profits and losses arising from your use of margin both?!
You should know this because it may control the size of your profits or losses together, as the margin ratios range from 25% and above, and the lower your use of the margin is a good option during the trading process, and you should always remember that the increase in the margin or the higher the leverage that you provide The company is a double-edged sword, as it allows you to trade on a wider scale, but in the event of a loss, it will be a huge and huge loss.
EXNESS POLICIES
As we have emphasized many times that trading operations are not managed randomly, the matter must be subject to some policies that should be followed by the intermediary company, as this policy depends on providing some things to provide the customer with the best possible experience, and those policies are as follows..
What are the trading platforms?
There is no doubt that the trading platforms are the programs that you trade through, and choose the right money market for you in the world, and we have already mentioned that there are many different trading markets, which you can choose among them, according to your desires, or your experiences in a field without others.
The exchange broker represented by the brokerage company, such as Exeness, which we are going to talk about during this research, is supposed to be one of the best global companies in this wide field, so it is the responsibility of the broker to provide reliable trading platforms for clients so that they can manage their transactions And maintain their positions in speculation without any problems.
One of the most important factors that you should have is the presence of a full support team from the brokerage company in order to solve all the problems that any type of trading clients may face.
Now we will discuss the most important criteria and considerations that must be taken into account when evaluating a particular trading platform or choosing any of them, and these considerations can be summarized in the following points..
The platform must be easy and simple, as trading platforms that are complex and multi-stage may cause the trader to be distracted, especially the novice, which inevitably affects his expectations, and the greatest possibility is the wrong prediction and then the loss.
Providing speed in the implementation of decisions, especially those related to buying and selling operations and orders, and the extent of achieving the goals that the trader would like to reach, and the so-called risk management should be available in that platform, which includes the possibility of stopping the loss in the trading program if it occurs.
The non-interruption of the trading platform and the speed of its work is one of the most important criteria to be met, especially since the currency market in particular changes from moment to moment, so it is preferable that your trading platform be in a stable position so as not to incur further losses when the connection is interrupted in an unsustainable situation.
There is an important consideration that you must make sure of its availability when choosing a particular trading platform, which is the extent to which the trading program is affected during periods of high liquidity. You ask the broker about this very accurately.
One of the important things that should be available in professional and trusted trading platforms is the presence of professional charts with market prices within the trading program, which helps you in analyzing the market well, and then your expectations are closer to reality, and you can achieve great profits in record time .
I ask the brokerage company through which you will start trading, which is Exness, for example, whether the trading program is available in other copies such as smart phones, Windows systems, Macs, etc., and is able to work on different operating systems or not??
Other features that must be available in the trading platform, represented in completing the execution of orders with a single click and the upper limit on the size of contracts during execution, although there are some restrictions on that platform.
exness . trading platforms
The Exness platform provides many trusted trading platforms, which in turn provide many tools that will help all traders manage all their operations, and manage their deals in the trading markets in general, whether trading financial assets in its categories, especially the stock market, or the well-known currency market in the name of forex.
The trading platforms enable clients to access different financial markets in multiple regions while he is in place, thus he can increase his trading limit and reach more profits, but the matter is not without some risk, so start trading small amounts until you learn what the market is and how Manage and maintain your position.
Among the most prominent trading platforms provided by Exness are the following..
MT4 and MT5 trading platforms.
Web Terminal platform.
It also provides mobile trading.
The company allows expert advisors and hedges without restrictions.
Exness company account currencies
Are you wondering about the most prominent currencies in the trading company, dear trader, we would like to tell you that the Exness platform has many foreign and digital currencies that you can trade through.
If you want to get started in the forex market and trade currencies, most notably USD, GBP, EUR, CHF, as well as JPY, NZD, CAD, as well as DKK, SEK, BGN, as well as RUR, PLN, SGD, HKD, ILS , along with more currencies represented by TWD, THB, ZAR, KRW, as well as MXN, AUD, NOK, AUD.
Which operating systems are compatible with the Exness platform?
Exness has worked to be more flexible in order to be compatible with various operating systems, out of its keenness to meet the desire of all customers and traders, and we will learn below about all the operating systems that the Exness platform can work on, as follows..
Android mobile systems.
The iPhone operating system, known worldwide as the iOS system.
iPad operating system of all brands and types.
Mac OS.
Also, the Linux operating system
As well as all Internet operating systems on computers of different types and brands.
After we got acquainted with the operating systems that you can run EXNESS on, now let's touch on the most prominent frequently asked questions that have been received by many of those who want to start by displaying frequently asked questions about that platform, stay with us ..
Frequently Asked Questions About Exness
There are many questions that may be on the mind and mind of traders, especially those who are new and even professional traders but want to start with Exness Trading.
During the following lines, we will address the most prominent questions that came about Exness Mediation, you can read them carefully and you will find an answer to everything you want to ask about.
Does EXNESS provide forex trading services only?
The definitive answer to this question is definitely no, the distinguishing feature of this platform is the provision of great diversity, as you find that the Exness company invests in many other categories in the field of trading, such as trading financial assets, commodities, gold and silver, all besides trading Forex, although forex is the most in demand in recent times, because of the advertisements spread around it, especially about the amount of profits of former traders, which is considered an aspiration of many young people.
Does Exness offer leverage?
Certainly, the Exness platform is regulated by CySEC and only certain levels are allowed, with a maximum of 1:30 for major currencies, and 1:20 for minor currencies, and for commodities, the allowed level is 1:10.
As for traders outside of the so-called jurisdiction can be allowed leverage of up to 1:2000, I now realize that you would like to ask what jurisdiction?, It is that jurisdiction which is governed by a number of laws and which is often subject to the system of different government departments About all the countries and neighboring regions, and you know our honorable follower that many federal countries each constitute a separate and independent jurisdiction, we mention, for example, but not limited to, the United States of America, Germany and Australia.
What type of spread does Exness have?
Spreads with EXNESS are variable and tight, the same spreads are set depending on the account type itself, spreads start from 0.3 pips if there is no commission on the trading volume.
As for the cost, it depends primarily on the standard account of the types of real accounts, which can give the trader a very narrow spread starting from 0.1 cash only, and it is worth noting that among the advantages of the ECN account is the presence of fees for each transaction separately as well as very low spreads.
Does Exness charge a fee?
This varies according to the type of account, for example, no commission is charged on the Pro and Standard accounts, but a commission of 3.5 USD is charged for the Raw and Zero accounts.
Therefore, it is relative and differs according to the type of account, and here we are talking about real accounts, not demo, and we will know later on the difference between each of them, as we will discuss the types of real accounts found in Exness.
Is Exness regulated?
Yes, certainly, it is subject to regulation by the British Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA), all of which are globally recognized licenses, as they are the regulators of financial markets and all transactions And the stock market in the world, so it has great weight in this area.
From here, we confirm that Exness is a licensed company. Perhaps this was one of the reasons that made its evaluation rise in the global ranking, as its evaluation was 8/10 globally, which is a very good evaluation.
So it has become one of the most prominent and best global brokerage firms, but outside the borders of the jurisdictions that we talked about in answering one of the questions above.
Perhaps this makes us assure all the traders again and again not to deal with any unregulated and unlicensed brokerage, so as not to lose your money.
Is Exness a recommended forex broker for experts and beginners
Yes, because Exness provides a great environment for trading, and it suits all levels of traders, from the beginner to the professional trading, and it also provides full support to all clients, as well as providing all consultations by a number of experts.
What is the Exness Bonus for the Arab Trader?
The EXNESS platform presents new Arab traders with a bonus of up to two hundred dollars, known as the No Deposit Bonus, to encourage new clients to start trading, and when you make a profit, you can only withdraw profits.
But it is worth noting that outside the borders of those jurisdictions represented in the federal states, Exness offers flexible leverage, as it leaves the trader the freedom to determine the leverage he wishes to trade through, and it also provides all kinds of support and assistance to all types of traders at all levels, so you can start With Exness without a sense of risk or risk, because it is one of the experienced companies in the field of trading in general, whether in the currency and forex market or in trading financial assets, especially stocks.
What is the difference between a demo trading account and a real trading account?
Another common question is the difference between the real account on the Exness platform and the demo account, especially since some beginner traders may think that if he makes a profit on the demo account, he can withdraw his profits, so let's know the difference between both accounts..
Demo accounts dear Trouble are accounts funded with fake virtual money, and these accounts allow the novice trader to experiment and get to know the trading platform and understand how things are going and see the various features of setting up the real account.
Demo accounts are not limited to forex trading only, they are provided on many different trading platforms such as stocks, commodities, gold and others.
It is worth noting that some professionals may resort to using these demo accounts if they decide to experiment and trade with different assets, reducing the amount of risk when starting to trade any of the financial asset classes.
Therefore, many experts and trading professionals advise to start using the demo account, whether you are a beginner or a professional stock trading and want to start trading in the currency and forex market.
Can I convert my Exness demo account into a real trading account?
Yes, you can convert your demo account into a real trading account with real money whenever you want with the Exness brokerage platform.
Are there types of real accounts on Exness?
Yes, there are five types of real accounts on the Exness broker, let's get to know them all in the next lines..
The Standard account, which is the most popular and popular among both beginners and trading professionals.
The raw spread means the lowest spread on all trades.
Real Zero Account and through this account you can get 0% spread for 95% of trading days.
The professional account is for professionals only.
Islamic accounts are completely interest-free.
How can I deposit and withdraw to Exness?
Of course, one of the common questions to ask about is how to make a deposit or withdrawal in the Exness broker, do not worry about this, there are many ways that provide you with multiple options that you can choose the most suitable for you, and these methods are represented in the following points..
Various bank cards.
Withdraw and deposit with Bitcoin.
Use online banking services such as Skrill MasterCard to transfer Skrill USDT funds.
Use of internal transfers.
AstroPay Card
It is possible to withdraw and deposit using WebMoney, which is a financial system that settles payments through the Internet.
Using the Neteller card, which is one of the online digital wallets.
Perhaps it is worth noting that Exness completely rejects third-party transactions, in order to prevent illegal money laundering.
Does Exness charge a withdrawal fee?
In fact, Exness does not charge any withdrawal fees, nor does it charge additional fees or costs without telling the trader himself, but the mother platform or the mother financial institution may charge withdrawal fees, but in general it is not a large amount.
To make it easier for all traders, Exness has provided more than one method for paying withdrawal fees, which provides traders with many options.
How long does it take to collect withdrawal fees?
The majority wonders about the time taken in the event that withdrawal fees are collected by the mother platform or the mother financial institution, but the matter is largely relative, as it depends in one way or another on the method used to collect the withdrawal itself, and it can be summarized as follows..
When using any of the following cards AstroPay, Perfect Money, Neteller, WebMoney and Skrill or using the internal transfer feature, the withdrawal is instant.
If you use Bitcoin to withdraw, then it may take about four hours, maybe a little more.
Some may use bank cards, in which case the withdrawal takes a maximum of five to seven days.
If you decide to accept the payment of the withdrawal fee through an online banking service or using USDT / Tether, the time can be approximately 72 hours.
Customer opinions about Exness
The first thing that new traders look for is the opinions of their predecessors and their experiences, whether in the field of trading in general or in an intermediary company that they have dealt with, so we will present to you the opinions of many Arab clients and traders about the Exness platform as one of the best trading companies in the world.
Where one of the customers expressed that he touched the extent to which Exness enjoys great transparency in all transactions, especially with regard to the applicable currencies, and he also confirmed that the Exness platform does not apply any commissions or additional costs in secret, as some unreliable companies do, which inevitably affects the Revenue from trading.
While another client saw that the most prominent feature of Exness is that it uses a system consisting of the latest software and designed to accommodate all requests and trading operations in an outstanding technical way.
The company also enjoys providing the greatest degree of privacy and security, whether for traders’ data or their savings, and separates individual savings from current accounts of financial institutions, thus providing maximum protection for traders and their savings in the event of the parent platform’s bankruptcy.
Exness problems
Of course, no institution is perfect, inevitably some problems arise from time to time, and therefore all institutions must strive for permanent development because of this, but it is worth noting that every trader may encounter a problem that is different from the other.
Therefore, the matter may be very relative, and perhaps this explains the need for the support team to be constantly present so that they can deal immediately with any problem that may appear in front of any trader, regardless of the degree of his professionalism.
There is nothing truer than the experience until you discover the obstacles and obstacles that may stand in front of you, so let us tell you about my personal experience with the Exness platform, which made me able to present this research on it, stay with us ..
My experience with Exness
Each person tells about his experience with any of the brokerage companies in the trading market from his point of view and from the reality of his experience. You may have had a very successful experience with Exness, while the experience of another trader had some problems, and you may find some who put forward a fake experience in order to reduce the risk The business of one company for the benefit of another, especially with fierce competition in this field.
Therefore, from my point of view, no matter how successful experiences you have heard or that had many problems, this should not affect your opinion, whether positively or negatively, and it should not be a point of view based on the experiences of others. Don't let someone make it for you.
But let us touch on an important matter, which is that your experience depends on your type, do not be surprised, you must ask yourself, what type of trader are you?!, What do you think that we help you answer this question during the next paragraph..
What type of trader are you?
The trading process cannot be done randomly, but rather it must be done on the basis of an adequate awareness of your experiences and skills, and according to your personal needs as well, so if you want to start in this field and practice it, first write down what looks like a list and record all the things that you are looking for and that you would like Being in your trading broker.
This will arrange your priorities and needs, and the more you are a beginner, the more this will affect the things that you will need to have in the intermediary company, so be clear and have an orderly thinking based on realistic foundations and based on the reality of your experience and its degree as well and the extent of your knowledge of the money market and trading on the one hand. other.
Now, we go through the types of traders, so that you know what type of trader you are…
bargain trader
He is the person who is always looking for the winning deal and tries hard to make that deal profitable for the longest possible period that may last for months, and this matter needs to be practiced for many years and a numerical number of experiences, including the successful and the loser is certain, it all depends on the experience of the trader in managing his position and control in charge.
swing trader
A swing trader is someone who tries to maintain the success of his trade for a short period of time not exceeding a few days, and a swing trader is a novice trader or is impatient enough to run his trade for up to several months.
daily trader
It represents the majority of traders in this field, this type of traders is based on buying and selling the financial asset, whatever its category, or trading forex and currencies on the same day, in order to make the most of the leverage, and then make big profits in a small price space, but this It also carries a huge risk.
speculative trader
He is the one who does more than one transaction per day in order to maximize the day trading, taking advantage of the very small price movements, he does not aim to make a big profit but trades with small profits, but when they combine together the outcome of the day is a very satisfactory profit.
It is worth noting that any of the aforementioned types need many special experiences and bear some risk in order to move from the stage of a novice trader to an experienced trader and then a professional, but do not think that when you become a professional trader, you will not be exposed to risk, nor loss, or less risk, this is a belief wrong.
As being a professional makes your expectations close to realism, and you are more studying and familiar with the money market, but you will inevitably experience a loss from time to time, but you will be more experienced in managing your operations, maintaining your position and benefiting from all the tools that Exness Trading offers you.
What is forex trading?
Some believe that the field of forex trading is limited to digital and virtual currencies, the most famous of which are Bitcoin, Ethereum, Ripple and others..
But this belief is wrong, as forex can be defined as a virtual network that brings together both buyers on the one hand and sellers on the one hand, as they transfer currencies of all kinds, whether real foreign clients or digital currencies among themselves at a price agreed upon by both of them together, and you may not realize that forex It is the method used by institutions, companies and central banks in converting one currency into another.
It is also done by individuals traveling abroad when they change the currency in their possession to the currency of the country in which they are, all of which is called forex trading.
I see you a bit surprised, as soon as you mention the word trading the first thing that comes to mind is Bitcoin trading, stock exchange, financial assets, gold exchange, etc., you don't know that you can make several forex transactions while traveling from one country to another.
Therefore, it can be said that this field is a field of economic life that is not limited to a company or a specific currency, but rather it is a process related to our lives and our financial workers in general.
But the trading that we are going to talk about, which EXNESS considers one of the best intermediary companies for it, is currency trading for the purpose of making more profits, especially with the great fluctuation in currency prices and the volatility of the global economy during the past few years.
Which means that this volatility can fall in your favor and achieve a huge wealth through it without effort and in the least time, and you can also lose all your capital, in one moment and with the click of a button, so you must be aware of what is happening in the global currency market, and a reader Good at trading in order to make a profit.
But is there a specific mechanism and rules for the working mechanism of the currency markets?!, Let us answer this question in the coming lines, just follow us and you will find a satisfactory answer to all your questions…
How the currency markets work
In the beginning, you should know an important thing, which is the difference in the currency market of all kinds and its mechanism of action from the market for trading different commodities and stocks as well, because forex trading does not take place within the screens of the global stock exchange, but it is between two parties, one of whom is a seller and the other is a buyer.
It is worth noting that the forex markets are managed through a global network of banks distributed over four main centers in different time zones, and those regions are in Tokyo, Sydney, London as well as New York, but without a central location for forex trading, so its work mechanism is 24 hours day without interruption
Things that control the forex markets
Are there rules that this market may be subject to, so that it is possible to predict currency exchange rates, and then choose the winning horse??, so that we know the answer together..
There are many real foreign currencies and virtual digital currencies around the world, and each has its own exchange rate, but it can be volatile at varying levels, but can you predict how high or low the exchange rate of a currency will be?!
Certainly, no one can predict this, because there are many things that control and affect the forex markets, and thus prices fluctuate from time to time, so let's get acquainted with those factors and influences that control the field of trading.
1- Central banks
Central banks around the world control currency trading, and forex trading in particular, because of the so-called quantitative easing. This economic term expresses the decline in the price of the currency due to more money being pumped into the economy of the region, which causes the exchange rate to fall and vice versa. Therefore, it is one of the factors that cause the continuous exchange rate fluctuations, as each central bank does what it deems to be in the interest of the economy of its country and region and what is commensurate with the movement and course of the global economy.
2- Trading news and traded news reports
The news that circulates on various news platforms and social networking sites constitutes a large part of shaping people's opinions, not only in political and life matters, but in the economic field as well.
For example, if some businessmen and investors as well as commercial and investment banks inject their capital or part of it into an economy, it has a great expectation by economists around the world, and then those expectations are hit, and the matter spreads in news and reports, which encourages investment in This emerging economy, and thus increases the demand for the currency of that region.
In the absence of a noticeable discrepancy in the supply and demand markets, then the currency exchange rate will rise, but if these investments result in a loss and spread of negative news from the loss of millions of pounds as a result of investing in a region, then the exchange rate of the currency of that region will decrease, and from here it can be said that News reports constitute a large part of the stability of the currency price or not, and the currency itself reflects the strength of its own region's economy and the health of those who make major and influential economic decisions.
3- Market supply and demand and market sentiment
In most cases, news shapes market sentiments and controls the extent of supply and demand for a particular currency, which increases or decreases the exchange rate.
Forex Market Types
Even the forex markets are different and varied, there are three different types of forex trading markets globally, and they can be summarized in the following points..
The spot forex market is a physical exchange of a pair of currencies instantly in order to settle the exchange, so that this process takes place within a short period of time.
The forex future, through which a contract of sale or purchase is agreed upon with a specified amount for a specific currency and in a specific period of time, provided that that period is in the future, and you know that future contracts are legally binding.
The forex forward market and here is the settlement of the agreement on a contract to buy or sell in a period of time in the future or at specific time periods.
What is the base currency in forex contracts?
There is no specific base currency in forex contracts and trades, but the base currency is the first currency that is determined during the conclusion of the agreement itself. In order to buy others, trading contracts always involve a different currency pair.
As for the price of the forex pair, it expresses how much is the value of one unit of the first base currency in the second currency, ie the quote currency.
The names of the currencies are not written explicitly, but are mentioned symbolically, often each currency represents a three-letter code, with the first two letters of each indicating the region, and the third letter indicating the name of the currency.
Let's show an example of these currencies so that you understand exactly what we mean..
The currency of the USD and the currency of the GBP, which means the purchase of the pound sterling against the US dollar, meaning that the currency that will be purchased, which is the base currency is the pound sterling, and the second currency or the quote currency is the US dollar.
But the important thing here is the ratio of supply and demand, or what means supply versus demands. If the supply of currency increases and the demand for it decreases as a result of news or a change in market sentiment, the currency decreases and may even weaken and decline very significantly, but in the case of increased demand with a decrease in supply, the price rises. The currency in the region it represents and traders are rushing to invest in it.
How to split currency pairs
Certainly there is a question that comes to your mind after we got to know the base currency and the pricing currency in the forex markets and its types, which is how to divide the currency pairs and determine the quote currency from the base currency and complete that process, and in this matter the providers divided it into four pairs, which are as follows..
Major pairs are the highest in trading, as they constitute about 80% of the global trading in the forex field, and include the following pairs (EUR/USD, USD/JPY, GBP/USD and USD/CHF).
Minor pairs are the least traded in the forex world, as they involve trading foreign currencies against each other instead of the US dollar and are represented in those pairs (EUR/GBP, EUR/CHF, and GBP/JPY).
Regional pairs, which are called regional, and you may understand the meaning of the name, yes they are those that are classified by the same region as Australia or Scandinavia, and include the following (EUR/NOK, AUD/NZD and AUS/SGD).
And finally, the non-major pairs, and they are called by some unfamiliar, which is a currency pair, one of which is a base currency against a currency from an emerging economy, and it includes (USD/PLN GBP/MXN, EUR/CZK).
Easiest currency pair for beginners
Most beginners wonder about the easiest currency pair to start with without a high possibility of losing, but this is not the case in this field, as the forex varies according to the trader himself, his interests and his ability to take risks and predict correctly.
But many traders, especially beginners, prefer to start with the major pairs of currencies, as they see them as characterized by some economic stability, low volatility and great liquidity.
Therefore, it is the most traded pair compared to other pairs that we have already mentioned above, but despite that it cannot be said that these major pairs are the best and safest for the volatility of the forex markets themselves, in addition to that, it depends on the trader himself and his expectations.
Here, it is worth emphasizing that EXNESS is not only a forex brokerage company, but it plays the role of a mediator in many financial assets and stocks, as well as gold, silver and commodities, and this is perhaps the most prominent characteristic of that company.
And if we discussed at the beginning of this research about forex trading, because it is the most popular, and because the majority are looking for this matter and how to start in this field.
For all those who want to start the process of trading through the forex markets, you should know that there are several ways that you can follow one of them in order to get started, but one of the safest ways is to trade forex through an experienced and efficient broker, so that he can manage your trading operations as well as provide all Consultations you may need when entering this huge market.
Tools to help you in the process of trading with Exness
Exness provides many tools that will help you start trading and raise the level of their daily trading, most notably the mobile and tablet trading platforms and the website.
As well as specialized platforms to offer many features that help clients improve trading, including risk management tools such as limits and stops orders, as well as interactive charts and sending important news reports in the trading field, all of this makes your choice of Exness an ideal broker.
Methods of trading in the forex markets
But let's touch on another thing which are the most prominent tools that you can use in order to get you started in trading.
There are two cases that you can deal with, one of which is trading through minds against the difference and the second case is trading through a broker and you will not find a better broker than Exness as an experienced and efficient broker, let's start by explaining each of them separately, stay with us..
Forex trading through CFDs
Have you heard this term before, you may be a good researcher and have heard of it, and you haven't, especially since the majority are looking for how to trade through brokerage firms.
Trading CFDs means entering into a contract in which the exchange of the difference between a currency pair is agreed, from the time your account is opened until it is closed.
You may see it is simple, but it carries a lot of risk especially if the currency pair is a bit volatile, for example if you open the account and the price of the currency pair rises, then you will win a lot of water in a very short time, but if its price drops, then you will lose a lot Money also in very little time, and perhaps this confirms to you what we discussed above that there is no safety in the field of trading, as it is the field of risk and risk, but you win a lot or lose a lot.
Trading through intermediary companies
It is the most common way, if the intermediary company can provide its clients with access to other global markets, and most of the intermediary companies help you in trading through stocks, commodities, gold, silver and financial assets, and this is what Exness offers to all its clients.
Trading through a broker is very similar to the CFD trading that we talked about earlier, where the intermediary company speculates and exploits the fluctuation in the prices of currency pairs, but without owning the currencies, and then the matter is a little more flexible, meaning if you expect a drop in currency prices, sell And, if you expect it to rise, buy.
The licenses held by the brokerage firm in the trading markets
One of the most important elements of safety and reliability is that the broker is subject to a number of first-class regulatory bodies in the world.
Regulatory bodies mean all governmental and non-governmental agencies, i.e. independent and entrusted to them by the government, so that the first and main objective of these bodies is to regulate and monitor performance and how to work in the financial markets in addition to providing maximum protection for investors from any fraud or fraud that may be committed by any of the companies middleware, to the detriment of the trading market and traders as well.
Therefore, when choosing a trading broker, you must make sure that it is subject to these regulatory bodies, in order to make sure that it is a licensed company and is subject to international control over all the activities it provides to all clients, as this will give the broker more flexibility, especially in the terms of the brokerage company’s registration and weakness in the control system over it.
The most important regulators in the world
The National Futures Association is the NFA.
The UK's Financial Conduct Authority is the letters FCA.
finma – Swiss Financial Market Supervisory Authority
The Australian Securities and Investments Commission is referred to as ASIC.
The New Zealand Financial Markets Authority is represented by the tokens AFM.
Cyprus Securities and Exchange Commission (CySEC).
The National Commission for the Market de Valores in Spain and its symbol is CNMV.
The Federal Financial Supervisory Authority located in Germany, and its special code is BaFin.
The list is not over yet, as there are many less authoritative oversight bodies, but it still reflects the extent to which that company is subject to global control, but the higher the authority’s licenses, the better security is provided, and many reports and data are provided for circulation.
Trading with a forex provider
If you do not have a lot of money, or you want to start with small amounts, then it is preferable to trade through forex providers, especially since the majority of traders do not buy and sell operations directly with banks. Therefore, the forex provider deals with major banks and financial institutions on your behalf. They also search for the best available exchange rates, adding the differences.
Forex Trading Steps
If you want to be on the list of the best traders in the world, and achieve more profits, passive income, and obtain some kind of physical security by trading in forex, you must follow specific and deliberate steps and do not start randomly, if you follow randomness in this matter, your expectations of loss will be more It is profitable, so let's learn about the steps of forex trading through this research with EXNESS.
Choose the right way for you to trade
We mentioned two ways to trade at the top, which are trading through contracts for difference, or trading through an intermediary company, so you should determine the ideal way for you to start, although most beginners prefer to start with the second method by using a brokerage company or any of the institutions Trusted Finance and Banks.
The third way is also trading through forex providers, especially since retail traders do not deal directly with banks as we mentioned before, so the forex provider deals instead.
Read about how Forex works
You can't start a high-risk business like Forex trading without studying it seriously and knowing how it works, especially because it is completely different from trading stocks, futures and financial assets, even if you have a lot of experience in the field of trading in general, it is completely different with Forex, so you must know how it works and study it well, and you can consult the specialists and experts provided by the brokerage company, and Exness will greatly assist you in this matter.
These are the initial steps to get started in this field, followed by opening your own account and choosing the platform you want to trade through, and we will discuss in more detail how to open a new account with Exness with an explanation with pictures, in the coming lines..
An example showing how forex works through the CFD method
If we decide to trade a pair of sterling against the euro and their respective symbols (GBP/EUR), the buy price is 1.1285 and the sell price is around 1.1283, a difference of 2 pips.
The question here is, do you think that the price of the pound sterling will rise against the euro or not?, What are your expectations, as a forex trader?, that you thought that it would actually rise and you bought with a value of 1.1285.
In this case, the calculation of a position via CFDs is done in the contracts themselves, so that each contract equals one share of the base currency in the pair.
Buying one CFD of GBP/EUR trading would then be worth around £100,000 for €112,850.
What is your decision now?, you may decide to buy three CFDs until your trading volume is 338,550 euros, which is equivalent to 300,000 pounds, in which case it will be a profit of approximately 30 euros per pip, and this is the first possibility, that you have expected a rise The price of the pound sterling against the euro, and this has already happened with this currency pair.
But there is another hypothesis that your prediction is wrong, and the sterling did not rise against the euro, and you trade the currency pair at a buy price of 1.1259 and a selling price of about 1.1258, then you will be a loser in that process in forex, and your loss is estimated on average about 27 pips, and since you have lost, then It requires you to pay the financing fees, and here lies the risk, all there is to it is one wrong prediction, then you will lose more money with just the click of a button, and here we note that you may suffer a loss despite studying the market and understanding the exchange rates.
This is how it goes, the mechanism of action depends on the extent to which you study the currency markets and follow the latest economic news, especially those related to news reports about the volume of new investments in a region, the conditions of central banks around the world, and the accuracy and validity of your expectations as well.
You should know that the more you are economically aware of all economic matters and exchange rates, the closer your expectations are to the truth, and then you will earn more money. Certainly, your expectations will not be correct continuously, but to be a successful trader, your profits must exceed the size of your loss, do not rush The matter, where you can reach the degree of professionalism, where the profits exceed the size of your loss, but the subject needs some practice and risk, and you will be able to achieve this goal and earn more money from trading..
Best forex trading hours
Is it possible to trade at any time of the day, or are there specific hours during which it can be traded?
A new question that we find answered together by our dear followers who want to start making quick profits with trading in general and forex trading in particular.
There are no specific working hours for the trading market, as it is available to work all day and five days a week, because Saturday is a holiday entirely, and on Sunday it starts working from nine in the evening, until Friday at 10 in the evening.
Therefore, forex trading cannot be practiced at the end of the week, as the trading markets are closed from Friday evening, until Sunday evening London time.
And you should know that the trading market is closed to traders only, but it is not closed to financial and investment institutions, as well as central banks around the world, and perhaps this is due to the fact that actual trading takes place at the end of every week.
As the price differences between currencies are determined during that period, and that is why trading and economic experts call it the gap, so traders should understand the mechanism of work in that particular period so that their positions are not exposed to risk and then lose, and they have to adjust their positions and expectations accordingly.
What are financial assets?
Financial assets include several categories, although their debt is known as stocks, but in fact it includes bonds, bank deposits, documents and shares. Stocks are one of the categories of these assets and do not actually refer to them. Let us learn about the significance of each of those categories separately through the following points. .
A bond is a legal document that holds a specified amount of money, which the government or an investment company sells to an individual or lends the amount in the bond, in order to finance short-term projects.
The documents are symbolized by CD, which is a contract of agreement between the investor and the bank, where it states that the investor agrees to deposit a sum of money with them in return for a predetermined percentage of interest, and the bank can provide a greater interest in the event that the investor agrees to keep the money untouched for a period A certain length of time, without the owner's action on it.
As for the shares, they do not have an expiration date that can be agreed upon. It means that part of the investors buy some shares from a company, which gives them ownership of part of that company and a share of the profits it generates, as well as bearing its loss, so the investor has the right to keep the shares he owns for an open period, which is Only he decides when to sell it.
Perhaps the thing that all categories of trading agree on, is that it carries a large amount of risk, but if you trade with an intermediary company such as Exness, it will certainly be easier.
Average daily trading volume in the world
Why do people rush for forex trading and not other trading classes?!
Perhaps this is due to the volatile and highly profitable currency market, and perhaps this explains the average daily trading volume, as the value of the forex market traded nearly $5.1 trillion, while the stock market traded only $212 billion, according to a study by the Bank for International Settlements. and World Bank data.
Why trade forex instead of stocks?
What are the reasons that make everyone flock to the forex markets and not others, such as trading in financial assets and stocks??
There are some reasons that can answer this question, you should look into them carefully so that you can make a right decision in the field in which you wish to trade..
Market opening hours, as we have previously mentioned that the forex market operates 24 hours a day and five days a week. As for trading financial assets and classes, especially stocks, the market does not open except during the hours of the exchange’s working hours.
The liquidity of the forex market is higher than that of the financial assets market, with an average forex turnover of more than 5 trillion USD, the name is relatively lower.
The stock market is less volatile than the forex market, some may see it as an advantage and it is, but despite the volatility of the currency trading market, this volatility can give you great opportunities and make huge profits in a short time.
Intermediary companies in trading
One of the most widespread methods of trading, especially forex, is that this is done through an intermediary company that provides its clients and investors with more support and enables them to access other global markets and supports them with economic advice in order to achieve the best rate of profit today as a result of trading through it.
But you have certainly heard of many cases of fraud by some brokers in this wide market, so you should not randomly choose your broker in trading, as it requires the availability of certain conditions and criteria in order to be able to maintain your full financial rights.
Therefore, you should consult and ask about intermediary companies, but we wanted to reduce the burden of searching for you, as Exness is one of the best intermediary companies in the world, which you can trust easily, to provide you with full support..
Standards that must be met by the brokerage firm
You should not get carried away by the ads on social media platforms about brokerage companies, which may expose you to a fraud, especially with the spread of many fake companies that do not have any support or licenses, so let's get acquainted with the most important basic criteria that you should choose your brokerage company On its basis, they are as follows:
You must search if the company you want to trade through has licenses and is subject to international control over the trading markets and financial assets, and you must also realize the strength of the licenses that that company specifically holds. company.
The trading platforms provided by the company must be reliable, so that you feel comfortable and reassured while trading, in proportion to your needs, and we will mention later on the most prominent platforms provided by the Exness trading platform..
Spreads, it is called (spread), it will definitely benefit you if you choose a brokerage company that offers all its clients the best and lowest spreads for currency pairs, while providing all the tools that will help you complete a successful trading process, but you must make sure of the differences The prices that are announced, to make sure that you get this particular spread, so always look for a company that offers you the best spread, the highest quality of execution and flexibility in leverage, as well as the commission as well, and let me tell you that there is no need to bother searching, as the company Exness already offers you all of the above.
Allowing intraday speculation is one of the most important things that a brokerage company should provide you with. Or collecting profits as well.
Providing flexible and optional leverage. It is worth noting that the use of financial leverage is limited to the Forex markets and not others, so cleaning and choosing a serious financial leverage is very important to complete the trading, and for this you must ask about the financial leverage that the company offers you.
Providing diversity in all trading tools in order to be able to diversify your investments in different financial markets, such as providing trading through paradoxes against prices as well as differences on indices, and you should also be able to provide various financial markets for trading.
Don't forget to ask if that company has a private operating room or without, and only you can decide according to the strategy you want to pursue.
Make sure that there are bank accounts in the name of the intermediary company, one of them in the name of the company itself, in addition to other bank accounts in order to secure the deposits of customers and traders, and it is necessary to ascertain the extent of the bank’s reliability and good reputation.
The company should provide different types of trading accounts, such as non-usurious or Islamic accounts, investment accounts, demo accounts, beginners and professional accounts, and so on.
The customer service and support team is one of the important things that should be available in the brokerage company, and customer service representatives must speak more than one language so that they can communicate with all traders of different nationalities, and they should be present around the clock, especially since the trading markets are working Throughout the day without interruption, except for the weekend.
The availability of an official website for the company is easy to deal with, provided that it is available in more than one language, so that it is easy for all traders to deal with it simply and in the language of their country’s security without the language standing as an obstacle to their operations because of the website.
What you don't know about Exness?
Exness is one of the brokerage companies with long experience in the field of online trading worldwide. Exness first came to us in 2008, when it was founded by a number of trading practitioners and investors whose ideas converged and began to implement their idea, which met Wow in a short while.
The Exness platform is twelve years old so far, during which it witnessed a great development and prosperity in all its transactions, until it became one of the leading companies in the field of brokerage. Its monthly trading volume at the end of 2020 amounted to about 673.6 billion US dollars, and the number of traders on that platform reached Approximately 145,400 active traders from all over the world.
Perhaps the main reason behind this development and growth that the company has witnessed over the past years is that it provides many financial tools that make you eligible to start trading, and these tools include currency pairs as well as digital currencies, commodities and energy sources, in addition to the shares of the largest companies and global stock indices, So that you are fully aware of what is happening around you economically, which makes your expectations more realistic, and thus you can achieve more profits.
Exness is a very suitable platform for all types of traders of all levels, due to the fact that it depends on the trader himself in managing all his transactions, it does not support the management of digital wallets through a third party, which means that you are the only controller of your account without the intervention of any other party.
Although EXNESS is one of the licensed companies and is subject to many control authorities on financial transactions and trading markets in the world, it does not have a local license from any Arab country, but you can know and make sure that it has first-class licenses from the largest regulatory authorities around the world. The world, and we will talk later about the licenses for that particular platform.
It is worth noting that the main headquarters of the EXNESS platform is in the state of Cyprus, where the company is completely managed through its offices in Cyprus, but it does not have any other headquarters, whether in Arab or foreign countries outside Cyprus, where all transactions of all countries are managed through a network The Internet and its main office, and this does not constitute an obstacle in the period of its quality of management, as it provides many tools and financial advice in the field of trading.
Exness platform features
The Exness platform is one of the platforms that meet all the criteria that make it the right place for trading, whether you are a beginner in this huge market, or an experienced and professional in it. The company offers to all clients and traders, and all these things and more are available in Exness, as it is licensed globally, and it also provides strong support and great facilities to all clients in various trading markets.
Let's get acquainted with the following points about the most prominent features that distinguish Exness from other brokerage firms.
The company's website is available in more than 20 different languages around the world, which makes it easy for all customers of different nationalities to easily deal with the site, and start trading through it.
The company has hired a whole team of customer service, and made sure that they speak many different languages, so it has a whole team of customer service representatives who speak about thirteen different languages.
The company offers all clients to trade with a fixed spread starting from just 0.1.
The company offers many different accounts that are suitable for all types of traders of all levels.
The company provided interest-free Islamic accounts in order to satisfy all customers who wish to trade, but without obtaining usurious interest.
A full team of experts and company economists provide detailed reports on the state of the global market, in order to provide beginners with solid advice that makes your prediction chances more correct and realistic.
The company provides flexible leverage that enables the trader to choose the leverage he would like to trade with.
The company has been keen to provide a diverse set that includes many completely free data analysis tools, especially because of the importance of this matter in building the strategy for trading and forecasting the movement of the market.
There are many different options and methods for withdrawals and deposits offered by the Exness trading platform.
There is no deposit fee charged by the company itself.
Exness licenses
One of the important things that you should ask about before dealing with any brokerage company for trading, is the licenses of that company and the regulatory bodies subject to it, so that you can trade with confidence without fear of being scammed or withdrawing your money.
The Exness platform is one of the platforms that holds international licenses and is one of the most powerful licenses in the world, as it is subject to strong international control over the global financial market in general, and the trading markets in particular, and these licenses are as follows..
The FCA stands for the British Financial Conduct Authority and is one of the world's most important regulators.
CySEC is one of the most powerful licenses in the world, and represents the Cyprus Securities and Exchange Commission.
As well as the CNMV license, which refers to the National Commission for the Market de Valores in Spain, which is also one of the most important licenses in the world.
It is also licensed by BaFin and represents Germany's Federal Financial Supervisory Authority.
And the AFM license, which means the Dutch Authority for Financial Markets in the Netherlands.
In addition to the state license of South Africa, the license of the Republic of Seychelles.
You may have noticed that the licenses held by the Exness platform are among the strongest in the world, in addition to being diverse and covering many regions, including Cyprus, where the head office of the company itself is located.
Which gives great credibility to the company, so if you are wondering whether this company is a fraud or trustworthy, let me believe you by saying that its evaluation and ranking globally and the international licenses it holds for the supervision of securities makes it the perfect choice to gain confidence and start trading through it without any feeling Fearful for your money.
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