With Exness Copy Trade, you will have the opportunity to access and copy successful trading strategies from experienced investors. From there, maximize your profit potential. With Exness social trading you don’t need to become a financial expert. Let’s explore with EX Trading how you can benefit from using Copy Trade at Exness. Create a breakthrough in your investment journey.
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ToggleThings an investor needs to know about Exness copy trade
A powerful tool that helps investors take advantage of successful trading strategies from leading experts on the Exness platform. Here are the important things an investor needs to know about Copy trading:
What is Exness copy trade?
Before proceeding to download the Copy Trade Exness application. Let’s learn a little to get an overview of this versatile tool. This is a solution from the Exness exchange. Features support for copying trades from talented traders. Simplify copying buy and sell orders without having to spend a lot of time and effort on market analysis and research. Simply put, when they record the words. You will also share a portion of the same results and vice versa.
However, the characteristic of Copy Trade also lies in its high customization ability. You can completely change or shorten any transaction at any time. This means you have more control over cutting losses and managing capital. Helps minimize situations of serious losses and creates favorable conditions for your asset management process.
On which devices can Exness copy trade be used?
You can use Exness Copy Trade on a variety of devices to ensure convenience and flexibility. Specifically, you can experience Exness social trading on the following devices:
- Smart mobile phone
Copy Trade Exness application is available on both iOS and Android operating systems. Helps you easily track and manage transactions right on your phone.
- Tablet
You can also use Exness social trading on tablets with compatible operating systems.
This allows you to access and manage transactions anytime and anywhere. Rely on the convenience of various devices. Make sure you download the app from the official Exness app store. Or visit the official website on your browser to ensure security and safety.
Is the Exness social trading application absolutely safe?
In the field of investment in general and especially trading. It cannot be affirmed that there will be absolute safety. When you decide to copy trade, it depends entirely on the experts you choose. If these experts have good performance and profits, you will also receive corresponding benefits. But if they experience losses, you will also have to bear the results.
Therefore, to minimize the risk, the only process you can take is to choose carefully. You need to choose truly excellent experts to copy trades from them. The trading exchange provides complete information about these experts so you can choose. Such as risk probability, recent profit performance, and time they have been in the market…
You can focus your screening and select about 5-7 experts who can be considered “safe”. You can then invest a small amount like $10 in each expert. After a week or a month, you evaluate their performance. If there are experts who maintain good performance. You can increase the amount of money to invest in them. If there are experts experiencing losses, you can stop copying trades from them and focus on others.
See more: The most detailed overview of the Broker Exness
Detailed review of the Exness copy trade application
Below are some detailed reviews of the Exness copy trade application :
What are the outstanding benefits when using the Exness app?
Exness App is an online trading application with many notable features as follows:
The Exness copy trade interface is intuitive and easy to use
Exness App has an easy-to-use and flexible interface. You have the ability to customize the color, size, position, and style of on-screen elements to your liking. In particular, you can choose between day or night mode to protect eye health.
Exness trading offers many copy trading strategies
Exness trading offers the ability to apply a variety of trading strategies through Exness social trading. This helps suit all your investment goals and risk levels. You can easily copy professional traders in forex, cryptocurrencies, indices, or stocks.
Not only that, but you can also copy people with unique trading styles such as scalping, day trading, swing trading, or position trading. Besides, the ability to combine many different traders helps you create a diverse and balanced investment portfolio.
Collection of good, reputable traders
Having many well-performing and reputable traders on the Exness copy trade platform is important to ensure users have many options and effective investment opportunities. To find the best traders, you can refer to information about traders’ performance, trading strategies, and risk levels on Exness. At the same time, joining trading communities and financial forums is also a good way to learn and share experiences with others who have used this service.
There is no minimum trading volume requirement
Exness Copy Trade does not require users to meet a minimum trading level to copy traders. You can copy absolutely any trader you are interested in, with any amount of money you have. This has the benefit that investors have the ability to test many different trading strategies without being constrained by investment levels.
Copy trade Exness limitations need to be overcome
Exness Copy Trade is a forex trading application with many convenient advantages. Besides, the application has a few unnecessary disadvantages.
The Exness app does not allow strategy testing and risk management
Exness App does not allow strategy testing and risk management of transactions. This can make it difficult to evaluate and manage copied trades effectively. In this case, you should consider making investment decisions meticulously and carefully.
What should you keep in mind when using Copy trade Exness?
When using the Copy Trade Exness service. There are some important points you need to keep in mind to ensure your trading and investing experience is safe and effective.
Exness copy trade and trading accounts do not share the same wallet
In the Exness system, trading accounts and the Copy Trade service operate independently. This means not sharing the same wallet account. When you make a trade on your trading account. The money in the account will be used for your transactions according to your own strategies and decisions.
Meanwhile, when you use Exness Copy Trade. You will copy trades from other traders you have chosen. But the money you invest in these copy trades will not be deducted from your trading account but will create an independent fund for copying.
There is no need to choose an account type for Exness trading
There is no need to choose Exness account types when participating in trading. Copy Trade accounts are often the preferred choice of new and less experienced investors. You have the opportunity to freely choose sample investors and automatically copy trades from them.
The process of copying transactions takes place quickly. And now, your task is to wait and enjoy the profits generated from copied trades.
See more: Create Exness Account: Instructions for on your phone
Instructions for using copy trade Exness from AZ
The following is a very detailed guide to using Exness copy trade
Steps to register an Exness app account on mobile phones
If you are interested in participating in Exness copy trade on Exness. To get started, you need to have an account on Exness or register by downloading the application to your phone. Then, you just need to follow the steps below to complete the registration process:
Step 1: Select the country where you live to register
First, you need to choose your country of residence. Then, check the box “I affirm and confirm that I am not a citizen or resident of the United States for tax purposes.” Next, press the “Continue” button to go to the second step.
Step 2: Fill in your email with the required information
In this step, you will need to provide your email account information to Exness. Once you have filled in all Mail information, press the “Continue” button to complete the process.
Step 3: Set up a password for your Exness app account
Step 4: Set up a password code for the application
At this step, you proceed to set up a “passcode” for your account in the Exness app. This stage is repeated twice to ensure you do not confuse this code.
Step 5: Complete registration and proceed to deposit
After setting the passcode. The interface will display as an attached image. The system will now ask you to “recharge your account”.
There are many methods and options for you to deposit money into your account. Please choose the most suitable method for yourself.
How to start Exness copy trade on the app
Up to now, Exness has not provided the Copy Trade feature on the web browser version. So, to use the Copy Trade feature on the Exness Social Trading platform. You need to download the Social Trading Exness application to your phone. After installing the application, you can follow the instructions below to perform Copy Trade on Exness
Step 1: Log in to your Copy Trade account via the application
Step 2: Generate security code
Please create a 4-digit passcode. Make sure this code is known only to you and is easy to remember to save time and increase the security of your account information. If you use an iPhone, you can also use the face ID feature to identify yourself by face without entering a password.
Step 3: Deposit money into your account
To deposit money into your account, you need to access the wallet section by tapping the “plus” icon and then select the deposit method. A list of deposit methods will appear, of which Internet banking is often preferred.
Once you have successfully made a deposit, you can return to the main page to learn about professional traders and start copying trades from them.
Step 4: Choose a strategy according to your preferences.
On the main screen, in the strategies section, you will see suggestions categorized into small groups such as: by currency, most copied, low risk with profit, highest profit of the month, Highest profits in 3 months, low commissions, and new strategies.
Take a close look and choose strategies that suit your trading goals.
Step 5: Choose a coping strategy.
Once you’ve found a trader to copy, head over to their profile to learn the details of their activity.
Experience in implementing Exness social trading effectively
Experience in applying Exness social trading effectively is as follows:
In the Overview section:
- Risk level: This information helps investors evaluate the safety level of strategies based on a scale of 1 to 10, with 1-5 representing average, 6-8 high, and 9-10 for very high.
- Profit level: This shows the profit rate of the entire strategy.
- Commission: Indicates the commission fee you will pay the supplier after copying.
- Leverage: The level of leverage being used in the strategy.
- Investors: This shows the number of people who are copying this strategy.
- Assets: Represents current assets in the strategy.
In the Statistics section:
- Profit level: Shows the profit and loss ratio of the strategy in each month as a percentage.
- Loss: Shows the periods when the account lost the most profit during the month.
- Investment amount: The total amount the strategist invests.
- In the Trade Orders section: Displays open trades and closed orders of this strategy.
After you have thoroughly researched the information of the strategic suppliers and decided to copy, you just need to press “Start copying”.
Points to note when using Copy Trade on Exness:
When starting Exness Copy Trade, sign up for an Exness account to get the best chance of receiving support from the platform. In choosing a strategy provider to copy, focus on those experts with a risk level below 5. Especially between 1 and 2. This helps you protect your account from higher risk levels.
Commissions are also a factor to consider. You should choose suppliers with commissions ranging from 5% to 10%. This is the fee you have to pay when participating in copy trading.
Choose experts with profits > 100% within 3 months. This is an important criterion to ensure the stable performance of the strategy. Focus on professional traders who have at least 3 months of experience or as long as possible. This shows that they have had time to prove their trading abilities.
When deciding the amount to copy trades. Make sure that the amount does not exceed your current assets or should be equal or less. This helps you manage risk and protect your account in case of market fluctuations.
Conclude
Exness Copy Trade offers an attractive opportunity for investors who want to participate in the financial markets without needing in-depth knowledge of trading. With the ability to copy trades from experienced experts. EX Trading makes sure that users have the opportunity to access successful strategies without having to analyze and manage them themselves.
FAQs:
What is Exness social trading and how does it work?
Exness social trading is a service that allows you to automatically copy the transactions of professional investors into your trading account on Exness. When they make trades, the same trades will be copied to your account.
How to choose professional investors to copy trade on Exness?
To choose trustworthy investors to copy trades on the Exness app. You should consider parameters such as risk level and profits in recent times. Including the operating time of the expert. Choosing those with low risk and stable returns can help you optimize investment performance.
Do I need to have trading experience to use the Exness App?
No, the Exness App does not require you to have trading experience. You can use this service even if you are just starting out in the trading field. Copying trades from professional investors helps you access the market without needing in-depth knowledge.