quotex platform

How To Register And Open An Exness Forex Account? ✓ - Starting Your Online Trading With Crypto

How to register and open an Exness forex account?

With an Exness forex account, you have complete control over your money as well as 24-hours access to it. Creating and registering your new cryptocurrency account with Exness is a conveniently easy process to follow with an available anytime step-to-step guide. You can register an Exness personal area trading account any day of the week and over weekends, all you need is to make a start.

With a few easy-to-follow steps you can get to trading in no time. These steps are as follows:

The next step is to tell you how to register and create an account with Exness and start trading on your own time from anywhere. You can use your android devices by downloading and trading directly from your mobile. Opening your new account and sign up is just as easy if you follow the step-by-step guide.

You get two accounts by default, a trading account and then, of course, a demo account. With the demo account, the platform allows you to “practice” trading, and teach you how to do what’s needed to start real-time forex trading. Both of these accounts are opened in your personal area.

Among the given options are the following:

Under the “my accounts” tab, your new account should be visible to you, and you should be able to start trading.

How to open a Forex and CFD trading account with Exness?

A common question is, why choose Exness for your forex and CFD trading? Let’s answer the question, when it comes to Exness, it offers a CFD trading platform that’s convenient with valuable tools that monitor the market and help traders make good decisions.

Another thing that absolutely cannot be ignored is leverage trading. Before you can begin to understand the goals of trading CFDs, you need to master the art of leverage trading and its peculiarities. When you open an account with Exness, you accept its terms and conditions before becoming its client. Afterward, you can start trading from your account.

What is CFD trading?

Contract for difference (CFD) trading is a specific type of contract where you and the involved parties agree to certain terms of the contract, such as the purchase and sale of instruments needed based on the opening and closing price difference. Should the closing price of the instrument be higher than the opening price, the buyer receives profit from the seller equal to the difference between the two prices.

Many opportunities are created for traders through CFD trading, one of which is they can hold their position and only make a small deposit by using one of the deposit methods available. Whereas, another type of trading might have seen such a deposit as substantial. CFD investments also provide flexibility, so your time is still yours while you grow your investment through trading.

Traders get to use Exness trader strategies without worrying about limitations and decide when is the best time for them to trade. Traders choose the most comfortable time to spend on work! Before you start trading on your new account, ensure that you fully understand the difference between the instrument, bonds, stocks, and all other assets. Brush up on your skills a little!

Opening your CFD trading account

Once you’ve decided that CFD trading is something you want to do, there are a few steps to ensure you’re on the right track to register and open an exness forex account.

Long trades, short trades, (short-selling in CFD trading)

Investors would like to think about forex trading as a walk in the park; however, that’s not exactly the case. There’s more to investing and trading than investors would like to admit, this, is why many investors starting to trade get confused. It’s not that complicated when you fully understand the difference between the different steps in trading. 

What’s the difference between long trades, short trades, and short selling?

Let’s start with long trades and short trades - what is it? The term long trade refers to the action an investor takes, such as purchasing an asset and its sale. When an investor buys an asset from another, keeping in mind that they want to sell it in the future for more than its price, they’re making a long trade.

Now, a short trade almost works the same; however, this is where the difference comes in. When an investor is making a short trade, they wait for the asset price to rise before making the purchase. The investor sells it almost immediately after buying it, then waits for the same asset’s price to drop before buying more. As mentioned above, it’s all about the action taken by the investor/buyer.  

Typically a short transaction is borrowing an asset, then selling it, and waiting for its price to drop before rebuying it. The investor recovers as many of the assets; while still making a profit from their investment. It’s essential to take full responsibility for both profit and losses, should you have any. Exness has a legit CFD trading platform that offers valuable tools to help investors and traders make good decisions while monitoring the market. 

CFD trading with leverage

Leverage in trading and its peculiarities are things you need to know about and understand before beginning to trade CFDs. You can create various opportunities by using leverage, such as opening/attaining a position without paying for it in full. A small deposit is needed, which is referred to as a “margin” and it can grant you access to multiple trading opportunities.

If you choose to use leverage, it’s not a must to pay the full amount, because you don’t acquire a physical asset when working with CFD trading. Say, for instance, you’re to open a position of $500, you’re only required to pay a percentage (5%) of that amount, after which the position is opened successfully. 

Using leverage can open good earning opportunities for you if the market starts moving in your desired direction. However, there’s the possibility of risk as with any investment, which increases with your potential profit size. The tool of leverage is recommended to be used wisely!

Trading on CFD margin - What is it?

The term “margin” or “CFD margin” is frequently used when it comes to trading and investing, but for new traders, it can be a tat bit confusing if they don’t know what it refers to. Let’s discuss it. As mentioned above, an investor can open up a position without paying the full amount for it. Instead, a percentage is payable and the full position benefits are opened, that minimum amount payable is referred to as the “margin.”

The payment an investor/trader makes is usually enough for the opening and maintenance of such a position. There are different types of margins, and these are known as deposit margins and maintenance margins. What’s the difference? Good question. The first one is used to open trades and the second one is for when the market turns against the trader, which leads to it being unprofitable.

Strategies for CFD trading with Exness

There are different strategies you can follow with CFD trading and every success story with CFD trading needs a strategy behind it. There are three main category strategies you as a trader can follow to increase your chances of success with the trading platform. 

How to register an Exness account on the web application?

As mentioned above, I explained how to register and create an account with Exness; however, at this point, it will be explained how to open a legit trading account using your PC and the web application. 

Among the given options are the following:

Sign into your new Exness account via the web application

If you want to trade in your browser, click on the “Trade” option, then go to “Exness Terminal.”

Logging in to your MT4 trading account

It’s easy and convenient to log into your MT4 terminal; you just need a few things handy, like your forex account number, password, and server details- Bob’s your uncle, and you’re ready to trade. As mentioned above, if you want to trade in your browser, click on the “Trade” option, then go to “MT4WebTerminal.”

You’ll be redirected to a page that asks for your server and login details, this is where you enter your password, then “Ok,” you should be logged in after that.

Logging into your MT5 trading account

is Just as easy as it is logging into your MT4 and other accounts, the same goes for your MT5 account. All you need is to have your forex account number, password, and server number handy. Trading from your browser is the same as above click on “Trade,” then “MT5WebTerminal” and you’re ready to rumble. 

What to do in the case of losing your Exness password?

What happens if you lose your Exness password or you’re unable to log in to your account? This is a good question, for which there are a few options for help you can consider. 

Personal area password

Trading password - This password is used to log into the terminal with a specific account, in case it gets lost

Read-only access password - With read-only access, it allows an outside person (third party) to read and go through your account; however, all trading access is turned off, and the person can only view it. 

How to register an Exness account on the Exness Trader app?

Setting up and registering an Exness trader account on the trader app is just as easy as setting it up from your PC, (perhaps even more so). Let’s get to explaining how it works and how to register and create an account from your android/iOS mobile device. 

Making your first deposit as a trader/investor

After setting up and registering your Exness trader app on both PC and mobile, there are only the last few things left to do, and that’s making your very first deposit and starting to trade! However, before beginning with the real thing, have you looked at the demo account? Multiple things can be learned about trading with Exness from there.

The demo app gets you “ready” for real-time trading, by giving you experience and practice! Let’s get to it.

I want to start trading, but how do I do it; where do I begin?

You’ll never achieve a good result if you just start to randomly and chaotically start trading, as with many things there are steps to achieving what you want. So, start small and ease into it gradually by first deciding what it is that you want to trade- what markets are you looking at?

What are the pros/advantages of CFDs and their trading?

When an Exness trader decides to choose CFD trading, there are quite a few advantages that come with it. Some of these advantages include greater leverage, and the opportunity to trade other assets along with CFDs. (Not limited to one asset type). Access to all the needed tools to make successful trading, and no restrictions when it comes to day trading. Let’s list them.

CFD trading doesn’t have these restrictions; with CFD trading, you have more freedom when it comes to trading.

What are the cons/disadvantages of CFDs and their trading?

We can’t only have advantages; therefore, CFD trading also has a few disadvantages to it.

Being successful as a CFD trader

Everyone wants to do something and be successful at it; however, with the change in times, it can be difficult to stay motivated. Anyone can be successful as a trader, but it’s entirely up to you as a trader/investor to put the work into it. To help with this, a trader should constantly keep their eye on analytics through research and market study and be able to predict a movement and which way it’s going (Up or down). Increase your trading sense and put trading discipline into place. It helps to keep your finger on the pulse and follow the trading news that enhances your knowledge.

FAQ about CFD trading

What is a CFD?

CFDs are contracts entered into by financial institutions and investors, where the investor takes a particular future position on an asset’s value. The asset doesn’t physically get delivered anywhere, but the price difference between the opening and closing price gets exchanged between the parties involved.

How are CFDs Taxed?

Good question. You will pay Capital Gains Tax on all profits anyway; however, in countries such as UK and Ireland, you don’t pay them because you don’t receive a physical asset, and everything is digital.