• January 17, 2023
• BrokerIdeas
• News & Blog

Expert Tips for Using EXNESS’ Trading Platform Like a Pro

EXNESS is a reputable and reliable forex broker that offers traders a wide range of benefits, including advanced trading platforms, competitive spreads, and a wide range of trading instruments. To help traders make the most of the EXNESS trading platform, we’ve compiled a list of expert tips for using it like a pro.

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Utilize the Advanced Charting Tools

Technical Analysis

One of the most important tips for using the EXNESS trading platform is to utilize the advanced charting tools that it offers. Technical analysis is a crucial part of forex trading, and the platform’s advanced charting tools make it easy to perform technical analysis on the markets.

Customizable Indicator List

To make the most of the charting tools, traders should customize their own list of indicators that they use most frequently, so they can easily access them on the chart. This will save time and make it easier to perform technical analysis.

Utilize the Advanced Order Types

OCO Orders

Another important tip for using the EXNESS trading platform is to utilize the advanced order types that it offers. OCO (One Cancels the Other) orders are a great example of an advanced order type that can help traders to manage their trades more efficiently.

Trailing Stop

Trailing stop orders are also a useful tool for traders who want to lock in profits while limiting losses. This order type allows traders to set a stop loss at a certain distance from the current market price, which will automatically move as the price moves in favor of the trade.

Utilize the Risk Management Tools

Stop-Loss Orders

Using stop-loss orders is one of the most important tips for managing risk on the EXNESS trading platform. Stop-loss orders allow traders to set a specific price at which their trade will be automatically closed, limiting their potential losses.

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Take-Profit Orders

Take-profit orders are also a useful tool for managing risk on the EXNESS trading platform. These orders allow traders to set a specific price at which their trade will be automatically closed, locking in their profits.

Utilize the Educational Resources

Video Tutorials

EXNESS offers a wide range of educational resources, such as video tutorials, webinars, e-books, and other materials, which can help traders to improve their knowledge and skills. These resources can be beneficial for both new and experienced traders.

Webinars

Webinars are also a great way to learn more about the markets and the EXNESS trading platform. Attend webinars to learn more about the various strategies and tools that can be used to trade successfully on the platform.

Keep Track of Economic Calendar

Market Events

The economic calendar is a valuable tool for traders who want to stay informed about upcoming market events and announcements. By keeping track of the economic calendar, traders can make better-informed trading decisions.

Announcements

Economic calendar also contains important announcements by central banks, governments, and other institutions, which can have a significant impact on the markets. Traders should keep track of these announcements and adjust their trading strategies accordingly.

Customizable Layouts

The EXNESS trading platform allows traders to customize the layout and design of the platform to fit their personal preferences, which makes it more comfortable for them to use.

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Integration with Other Platforms

The EXNESS trading platform can be integrated with other trading platforms and tools, such as trading robots and signal services, which can enhance the traders’ experience and improve their trading performance.

Utilize The VPS Services

EXNESS offers VPS (Virtual Private Server) services, which allows traders to run their EAs (Expert Advisors) on a remote server, ensuring stable and uninterrupted operation of the EAs even if the trader’s computer is turned off or disconnected from the internet.

Personal Account Manager

EXNESS provides its clients with a personal account manager, who will assist them with any questions or concerns they may have about their trading account.

Social Trading

EXNESS offers social trading, which allows traders to follow and copy the trades of more experienced traders. This can be beneficial for traders who are new to the market or who want to learn from more experienced traders.

Trade History

EXNESS provides its clients with a trade history feature, which allows traders to review and analyze their past trades. This can be useful for traders who want to evaluate their performance and improve their trading strategies.

Push Notifications

The EXNESS trading platform offers push notifications, which can alert traders to important market events or updates to their account. This can help traders stay informed and take action quickly when necessary.

Advanced Trading Platforms

EXNESS offers advanced trading platforms such as MetaTrader 4 and 5, which are popular among traders for their reliability, speed, and ease of use. These platforms provide a wide range of tools and features that can help traders to trade more efficiently and profitably.

Low Minimum Deposit

EXNESS has a low minimum deposit requirement, which allows traders to start trading with a small amount of capital. This makes it an accessible option for traders who are just starting out or who have a limited trading budget.

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Multi-Language Support

EXNESS provides support in multiple languages, making it easier for traders from different regions to use the platform and get assistance with any issues or questions they may have.

Low Fees

EXNESS has low fees, which means that traders can keep more of their profits. This can be especially beneficial for traders who make a high volume of trades.

Variety of Payment Methods

EXNESS accepts a wide variety of payment methods, including credit and debit cards, e-wallets, bank transfers, and more. This makes it easy for traders to deposit and withdraw funds from their accounts.

Regulated Broker

EXNESS is a regulated broker, ensuring that the company adheres to strict rules and regulations set by reputable financial authorities. This provides traders with an added level of security and trust in the broker’s operations.

Partnership Program

EXNESS offers a partnership program, which allows traders to earn additional income by referring other traders to the platform. The program offers a wide range of options for partners to choose from, including CPA and revenue share plans.

Advanced Analytics

EXNESS trading platform offers advanced analytics tools such as economic calendar, market news, and analysis, which allows traders to stay informed about the market conditions and make better trading decisions.

Scalable Platform

The EXNESS trading platform is scalable, which means that it can handle high trading volumes and can adapt to the changing needs of traders as their trading volume grows.

Automated Trading

EXNESS trading platform allows traders to use automated trading strategies, such as expert advisors (EAs), which can help to improve the efficiency and profitability of their trades.

Segregated Accounts

EXNESS uses segregated accounts to keep clients’ funds separate from the company’s operating funds. This provides an added layer of security for traders’ funds in case of unexpected events or financial difficulties.

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Negative Balance Protection

EXNESS trading platform offers negative balance protection, which prevents traders from losing more than the amount they have in their account.

Flexible Lot Sizing

EXNESS trading platform allows traders to trade in flexible lot sizes, which enables them to trade in smaller or larger sizes depending on their risk appetite and capital.

Scalping and Hedging

EXNESS trading platform allows traders to engage in scalping and hedging strategies, which can be useful for traders who want to capitalize on short-term market movements or protect their positions from market fluctuations.

24/7 Customer Support

EXNESS trading platform provides 24/7 customer support, which is available through various channels such as email, phone, and live chat. This allows traders to get assistance with any issues or questions they may have at any time.

Bonuses and Promotions

EXNESS trading platform offers various bonuses and promotions, which can provide traders with additional trading capital, cashback, and other benefits.

Multi-Device Compatibility

EXNESS trading platform is compatible with various devices such as desktop, mobile, and tablet, which allows traders to trade on the go and easily switch between devices.

High Leverage

EXNESS trading platform offers high leverage, which allows traders to trade larger positions with a smaller amount of capital. This can be beneficial for traders who are looking to maximize their returns.

Competitive Spreads

EXNESS trading platform offers competitive spreads, which can help traders to save on trading costs and maximize their returns.

Wide Range of Trading Instruments

EXNESS trading platform offers a wide range of trading instruments such as forex, commodities, indices, and cryptocurrencies, which allows traders to diversify their trading portfolio.

User-Friendly Interface

EXNESS trading platform has a user-friendly interface, which makes it easy for traders to navigate, place trades, and access various features and tools. This can help traders to trade more efficiently and avoid confusion.

Conclusion

EXNESS’ trading platform like a pro involves utilizing its advanced charting tools, advanced order types, risk management tools, educational resources, economic calendar, customizable layouts, integration with other platforms, VPS services, personal account manager, social trading, trade history, push notifications, advanced trading platforms, low minimum deposit, multi-language support, low fees, variety of payment methods, regulated broker, partnership program, advanced analytics, scalable platform, automated trading, segregated accounts, negative balance protection, flexible lot sizing, scalping and hedging, 24/7 customer support, bonuses and promotions, multi-device compatibility, high leverage, competitive spreads, wide range of trading instruments, and user-friendly interface. By following these expert tips, traders can improve their trading efficiency, profitability and overall experience on EXNESS’ trading platform. However, it’s important for traders to remember that past performance is not an indication of future results, and they should always do their own research and use caution when trading on the platform.

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Take a look at our in-depth analysis of this broker.

 

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