Exness is a globally recognized online trading platform that offers a wide range of financial instruments, including forex, commodities, cryptocurrencies, and indices. For beginners looking to make $100 per day, it’s important to have a strategic approach and realistic expectations. Here’s a step-by-step guide to help you get started:
1. Understand the Basics of Trading
Before diving into trading, invest time in learning the basics. Understand how markets operate, the key trading terms, and how to analyze price movements. Exness provides an educational section on its platform, including webinars, tutorials, and guides that can help you build a solid foundation.
Key concepts to focus on:
Leverage: How borrowing funds from the broker can amplify your trades.
Margin: The minimum amount of money required to open a trade.
Pip: The smallest price movement in forex.
Risk Management: Techniques to protect your capital.
2. Open an Exness Account
To get started, create an account on Exness:
Visit the official Exness website and click on “Sign Up.”
Fill in your details and verify your account with the necessary documentation.
Choose a trading account type that suits beginners, such as the Standard or Cent account.
Fund your account using one of the available deposit methods. Start small and use funds you can afford to lose.
3. Use a Demo Account to Practice
Exness offers a demo account feature, allowing you to practice trading without risking real money. Use this opportunity to:
Test different trading strategies.
Familiarize yourself with the trading platform.
Gain confidence in making decisions.
4. Develop a Trading Strategy
Earning $100 per day requires discipline and a clear trading plan. Here are some beginner-friendly strategies:
Scalping: Make small profits from quick trades multiple times a day.
Day Trading: Open and close trades within a single trading session.
Swing Trading: Hold trades for a few days to capitalize on market trends.
Focus on a few currency pairs or instruments to avoid spreading yourself too thin.
5. Manage Risk Effectively
Risk management is crucial for consistent profits. Follow these guidelines:
Never risk more than 1-2% of your trading capital on a single trade.
Set stop-loss orders to limit potential losses.
Use take-profit orders to lock in gains.
Avoid over-leveraging, as it can lead to significant losses.
6. Leverage Exness Tools and Features
Exness provides several tools to enhance your trading experience:
Economic Calendar: Stay updated on market-moving events.
Trading Signals: Use technical analysis insights for informed decision-making.
Advanced Charting Tools: Analyze price movements with precision.
7. Start Small and Scale Gradually
As a beginner, aim for small, consistent gains instead of chasing big profits. Once you become comfortable and confident in your trading skills, gradually increase your trading capital and position sizes.
8. Monitor and Adjust Your Strategy
Markets are dynamic, and strategies that work today might not work tomorrow. Regularly review your performance and adjust your approach as needed. Keep a trading journal to track:
Trades you’ve made.
Outcomes (profits or losses).
Lessons learned.
Final Thoughts
Earning $100 per day from Exness as a beginner is achievable with the right knowledge, discipline, and strategy. Focus on continuous learning and managing risks effectively. Remember that trading carries inherent risks, and there are no guarantees of success. Approach it as a skill to be honed over time, and you’ll be on the path to consistent profitability.
