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Instructions for opening an MT5 account on Exness to trade Forex

My experience when trading Forex, especially Exness, is “don’t rush”. Everything needs a starting point, learn the basics of Forex, Exness, and MT5. Once you have all the necessary knowledge, you can start trading at any time. Success is a process, not a destination. Come learn more with me!

I. Introduction to Forex and Exness floor

A. Concept of foreign exchange market (Forex)

Forex or FX, also known as foreign exchange market, currency is an acronym for the phrase Foreign Exchange, a global decentralized market for the exchange of currencies or many different types of assets such as gold, oil. crude, Bitcoin, silver, platinum, etc. Among them, the largest trading volume is trading currency pairs. Investors profit from the difference in exchange rate changes.

This is an investment channel that many people are interested in around the world. Because it is extremely simple without a prescription. The operating principle of forex trading is based on buying and selling currencies against other currencies. Transactions are subject to a number of local and international rules, which are usually set out by a temporary agreement between the buyer and seller.

Forex trading today there are many exchanges for you to choose from such as: Exness, FXpro, Xm,… But currently the Exness exchange is currently considered the most reputable and best. The security floor is absolutely safe. Withdrawal speed can be assessed quickly and easily. Management information is public and transparent. Spread is quite small. High leverage ratio, quite attractive. Diverse connection channels. Enthusiastic trader support team.

Join me to learn more about this reputable exchange Exness!

B. Introduction to Exness trading platform

Exness trading platform was established in 2008 in Limassol, Czech Republic. Exness is one of the largest retail forex brokers in the world and is currently very HOT. Exness’s website supports 15 languages ​​and has many representative offices in many parts of the world.

In addition, Exness offers a variety of CFD financial trading products including cryptocurrencies, Forex, stocks, energies, metals and indices. The products that Exness offers are diverse from forex, metals, cryptocurrency, energy, indices and stocks.

Since 2016, Exness has been recognized as the exchange with the largest trading volume in the world. In addition, this floor also provides very high and effective account security functions. After more than 14 years of operation and development, Exness has achieved many outstanding achievements, including:

Awarded “Best Trade Execution”, “Best Order Management”, “Best Small Broker” by World Finance Media magazine in New Zealand.

In 2016, Exness was honored as the best Forex broker in Asia and the Forex broker offering the best MT5.

II. Reasons to choose Exness floor

To trade Forex, most people in the world today choose Exness. Because of the great advantages it brings such as:

A. Advantages of Exness floor

With the 3 exclusive advantages below, Exness deserves to be a trusted Forex trading platform:

  1. Reliability and reputation:

I have traded on many exchanges, but I can say that Exness is one of the exchanges that protects customers’ privacy and information best today. Besides, the floor also complies with the regulatory policies of the financial authorities in the country in which it operates.

Exness’s security policy to protect customers is implemented using 2FA security measures. This means that when logging in at Exness, customers need to verify through 2 steps to protect their account as securely as possible. You will have to enter the verification code sent via phone, email, and enter the Google Authenticator code on your mobile device.

Exness has operating licenses from reputable financial agencies globally. They allow investors to trade with many different asset classes. Providing a variety of trading account types suitable for all investors. Competitive commissions and tight spreads. The system supports instant order matching and market order matching.

In particular, with many deposit and withdrawal methods, with fast processing time, usually immediately in just a few seconds. If you choose this criterion, it is difficult for any exchange to surpass Exness.

Exness Trust Rating:

  1. Trade with many currency pairs:

When it comes to forex trading, it is important that you choose the currency pair to trade. These currency pairs offer different opportunities in different markets. Some currency pairs have higher liquidity, while others have higher volatility. It all depends on the strategy you use.

Premise pairs used on Exness:  

Major currency pairs – the most traded currency pairs that have the USD in their composition. Some of the major currency pairs you can trade at Exness are:

EUR-USD, USD-JPY, GBP-USD, USD-CHF, AUD-USD, USD-CAD, NZD-USD

Cross currency pairs – currency pairs that are traded on the Forex market but do not have the USD in their composition. Some cross currency pairs that can be traded at Exness are:

AUD-CAD, AUD-JPY, AUD-NZD, EUR-GBP, EUR-CHF, EUR-AUD, EUR-JPY, GBP-CHF.

Exotic currency pairs – currency pairs in which at least one currency of an emerging economy is present. At Exness, there are many rare currency pairs that can be traded, such as:

  • ZAR-JPY – South African Rand vs Japanese Yen
  • USD-ZAR – US Dollar vs South African Rand
  • USD-SGD – US Dollar vs. Singapore Dollar
  • USD-MXN – US Dollar vs. Mexican Peso
  • USD-ILS – US Dollar vs. Israeli Shekel
  • TRY-ZAR – Turkish Lira vs South African Rand

Exness has many trading assets with extremely low spreads and overnight order holding fees, the lowest among all exchanges. So trading at Exness floor will benefit you a lot.

  1. Quality of service and customer support

Exness is a reputable, high-quality, highly secure trading platform. In addition, the customer support service at Exness is also extremely professional, dedicated, and dedicated. Exness always considers customers’ profits and confidential working principles first, so all customer problems or questions are handled as quickly and effectively as possible.

Exness’s customer care staff is available globally, 24/7 support can support customers in 15 different languages, of which there is also a representative office in Vietnam.

Contact information in Vietnam:

Hotline: 1800-6371

Email: support@fenix-forex.com

Address: 302 Hoang Van Thu, Ward 4, Tan Binh District, Ho Chi Minh City, Vietnam

Republic of Cyprus

No. 1, Siafi Street, Porto Bello Building, Office 401 Limassol City

UK

107 Cheapside London Seychelles CT Building 9A, 2nd Floor rovidence, Mahe

South Africa

Office 307 & 308 3rd Floor, North Wing, Granger Bay Building, V&A Waterfront Cape Town Curaçao

Emancipation Boulevard Dominico F. “Don” Martina 31

British Virgin Islands

Trinity Chambers, P.O. Box 4301 Road town, Torto

Customer care process diagram

B. Why should you use MT5 on Exness?

Exness provides the popular MetaTrader 5 platform for PCs as well as mobile apps. Because MT5 is an upgraded version of MT4, this platform is more professional and has more features.

  1. Outstanding features of MT5

MT5 is the most used platform in the Forex market, this platform fully supports chart analysis tools, multiple time frames and trading products.

4 outstanding advantages of MT5 compared to other platforms are:

  • 80 built-in technical indicators and analysis tools
  • 24 graphing tools
  • 21 timeframes for real-time graphs

     – Simple transactions with just one click

In addition, when using the MT5 trading platform, there are other in-depth advantages that are essential for professional traders to learn such as:

– MQL5 programming language. This new language is said to be much easier to use and is said to entice developers to implement more custom metrics

– New trading order types in the MT5 platform: If MT4 has 4 types of pending orders Buy Limit, Sell Limit, Buy Stop and Sell Stop, MT5 introduces Buy Stop Limit and Buy Sell Limit.

– In MT5, MetaQuotes introduced the market depth analysis feature in the guide so people know which way other traders are leaning.

Optimized backtesting/strategy. Fast transaction speed.

– MT5 Includes economic calendar. In MT5 the economic calendar is embedded into the software itself and the information can be classified into days, weeks and hours for validity. Since traders can do all the fundamental analysis right from the software, the entire exchange experience is streamlined to make traders comfortable. Obviously, this is a huge plus for the MT5 software.

Outstanding features of MT5
  1. Easy integration with Exness platform

MT5 has a simple, easy-to-use interface, optimal experience, and is easily downloaded and installed on all devices. So now many traders have gradually switched to the MT5 platform for trading.

Compatible with devices

This trading platform not only supports Windows, macOS and Linux operating systems on desktop computers, but also allows traders with busy schedules to trade flexibly on smartphones and tablets. Tablets running iOS and Android operating systems. This helps them monitor and conduct transactions anytime, anywhere.

Additionally, with a full range of integrated trading tools, including trading orders, interactive charts and popular analytical facilities, traders can easily manage their accounts and conduct trades. on mobile devices with just one click. This brings convenience and flexibility to their trading experience.

User-friendly interface, easy to use

Fundamental and technical analysis, trading signals, as well as algorithmic trading – the trading platform offers a diverse arsenal of tools to optimize the trading experience. Furthermore, the platform also offers broadcasts of the latest financial news reports, helping traders stay updated on market conditions.

With trading signals and copy trading capabilities on MT5, traders can follow signals from successful traders and copy their trading strategies and orders. These orders will be automatically copied on your account, helping you take full advantage of market opportunities.

Easy integration with Exness platform

III. How to open an MT5 account on Exness

How to open an MT5 account. As someone who knows little about technology and computers, what should I do? Is there a simple way to download and use it? Just follow the instructions below and you can open an MT5 account on exness. It’s as simple as 5 minutes. Join me to see instructions on how to open an MT5 account on Exxness .

A. Visit the Exness homepage

You can access the Exness Link homepage here: https://fenix-forex.com/mt5-rg

B. Register a new account

  1. Enter basic personal information

If you don’t have an Exness account, you can register a new account here. Just fill in the available information as shown on the application interface and you can simply complete it.

Enter basic personal information

And if you already have an Exness account. You just need to log in to your Exness account to complete step 1.

 

  1. Confirm and complete registration

After creating an Exness account, your screen will look like this:

Step 1:

In my account section, select “Open another account”.

Select “Open another account”

Step 2:

Select the type of account you want to create. There are 5 account types. See more details about Exness account types I wrote in the column. Search and see which account you should choose.

Select Exness account

Step 3:

Choose trading platform and account parameters:

-Account type: Demo account for trial trading with fake money. Real accounts must deposit real money to trade.

-Trading platform: Choose MT5

-Account name: Set an easy-to-remember name for your account.

-Password: At least 8 characters, with CAPITAL letters and numbers (Different from the password to log in to Exness, note that you must remember this password to log in to the MT5 APP on your phone or computer)

Exness account name

Note: There are cases where 2 types of passwords are set, plus 1 Investor password. This password is used to provide others who want to view your transactions and set a different master password. Therefore, in many cases, if you do not pay attention to logging in with this password, you will not be able to transact.

(Passwords and leverage can still be changed after being created, so please feel free to choose.)

-Account information: Review server information, account number (Used to log in to MT5 on computer or phone), leverage, current capital.

MT5 interface

IV. Trading techniques on MT5

A. Log in to your MT5 account on Exness

Once you have the   server information, account number and you have installed MT5 on your computer. You just need to enter your login information to be able to trade.

Step 1: Download the MT5 application to your device.

I have a detailed article from AZ on how to download MT5 to your computer. Read the article here:

https://fenix-forex.com/vi/huong-dan-chi-tiet-tai-exness-mt5-platform-for-pc/

Step 2: Log in to your account.

Go to File >>> Open an Account section >>> Then log in to the server information and account number listed above.

Log in to MT5

Enter information as shown below

Step 3: Click Finish and you’re done, you’re on the MT5 platform ready to trade.

B. Navigating and using the MT5 interface

MT5 on PC trading has some customization of tool buttons, but their essence is the same. As for the mobile version, you can use it on all exchanges.

Where to turn on the currency pairs table?

When you want to turn on currency updates, go to Menu and select View, then select Markets Watch. Or you can quickly access Markets Watch by pressing the keyboard shortcut Ctrl + M.

How to open the Indicators menu?

To open the trading index menu, do one of the following two ways:

Method 1: Access the Menu and then click View. Next, select Navigator.

Method 2: Use the keyboard shortcut Ctrl + N to quickly access Navigator.

Enable adding new charts

This feature is new to MT5. It allows traders to optionally enable another chart in the chart, supporting the observation of 2 frames easily.

Steps to enable the chart addition feature are as follows:

You access the Menu and select Insert. Next, select Experts and select Chart Chart.

How to enable Indicators, Periods and Templates button

After installing the MT5 software, the main screen will lack buttons for Indicators, Perioids, and Templates. Therefore, you need to turn them on for future trading activities.

To enable buttons, right-click on the toolbar and select the Available buttons tab, then select the Insert button and then move the buttons you want to enable. Then, click the Close button to close the dialog box and you’re done.

C. Execute basic types of trading orders

In this article, we will learn about how to place buy and sell orders on the MT5 trading platform.

Market order:  is to execute an order immediately at the current market price without specifying a price. On MT5 PC version, “Order executed at market price” is displayed and on MT5 smartphone version of MT5, “Immediate order entry” is displayed.

By touching the “Sell by market (Sell)” or “Buy by market (Buy)” button, the order is executed immediately.

Limit Order (Buy Limit and Sell Limit): A pending order is an order placed by specifying a “buy” or “sell” price. Pending orders have two types: Buy Limit (buy limit) and Sell Limit (sell limit). Select Buy Limit if you want to buy when the price drops below the current price, select Sell Limit if you want to sell when the price has risen higher than the current one.

If you choose Buy Limit, you need to specify a price lower than the current price. Orders cannot be placed when entering a price higher than the current price. On the contrary, if you have selected “Sell Limit”, you must specify a price higher than the current price. If you enter a price lower than the current price, you cannot place an order. D

Placing a stop order (Buy Stop and Sell Stop): Placing a stop order is a method of placing an order to “buy” when the price increases and becomes higher than the specified price or “sell” when the price decreases and becomes lower than the specified price.

Stop orders also have two types: Buy Stop: In case you want to buy when the price has increased and Sell Stop: In case you want to buy when the price has decreased

Stop orders are the same as limit orders, if you enter the limit price incorrectly, the order button will turn gray and you will not be able to place the order.

With the MT5 platform, there are 2 additional orders: Place Stop Limit orders (Buy Stop Limit and Sell Stop Limit). Placing a Stop Limit order is an order placement method where the order is executed after the price increases or decreases and then reaches the specified price.

Buy Stop Limit

In case you want to buy at the stop limit price after the price increases and reaches the specified price

Sell Stop Limit

In case you want to sell at the stop limit price after the price decreases and reaches the specified price

In the case of Sell Stop Limit, conversely the stop Limit must be entered at a price lower than the current price and the price must be entered at a price lower than the stop Limit price.

Please note that if the indicated price does not exceed the spread, you will not be able to place an order even if you set the correct price.

V. Notes and tips when trading on MT5 on Exness

A. Capital and risk management

In MetaTrader 5 Exness you can trade using the hedging mode system. Hedging allows you to open multiple orders, even completely opposite orders for one trading instrument.

B. Use technical analysis tools

Charts & Time Frames: Track real-time price movements visually on charts from 1 minute to 1 month and use up to 21 time frames simultaneously. This feature allows traders to respond to quote changes instantly, as well as preserve quote history in a concise format.

Fundamental Analysis: Seize market opportunities with fundamental analysis tools on MetaTrader 5, such as the built-in Economic Calendar . Stay abreast of news events, latest predictions and market impact forecasts.

Indicators & Analytical Objects Tools: Enhance your trading experience with 38 built-in indicators, 22 analytical tools and 46 graphical objects when trading financial instruments on the exchange platform pandemic.

C. Update market information

MT5 uses trading robots or Advisors (EAs), which analyze quotes and carry out operations on the financial markets. Technical indicators and trading robots are pre-installed in the platform, but traders can install additional or develop their own EAs using the programming language, MetaQuotes Language 5 (MQL5).

BECAUSE. Conclude

A. Summary of the process of opening an MT5 account on Exness

Just follow these 3 simple, quick steps and you can open an MT5 account on Exness:

Step 1: Visit the Exness homepage: https://fenix-forex.com/mt5-rg/

Step 2: Register a new account Or log in with your existing Exness account.

Step 3: Confirm registration completion to get MT5 account information.

Step 4: Download MT5 to your PC or phone compatible with your operating system.

Step 5: Log in to the account you took Step 3.

So, you have successfully logged into MT5 on Exness. Ready to trade.

Open an MT5 account on Exness

B. Benefits of trading Forex on Exnes MT5

Exness is currently considered reputable and best for Forex trading. The security floor is absolutely safe. Withdrawal speed can be assessed quickly and easily. Management information is public and transparent. Spread is quite small. High leverage ratio, quite attractive. Diverse connection channels. Enthusiastic trader support team.

In short, I have just guided you to open an MT5 account on Exness to trade Forex. This is an easy-to-use, modern, efficient platform with world-leading quality. Using MT5 Exness is one of the options that brings a great trading experience to Forex traders on Exness.

Wishing you success with your trading journey!