Exnova is one of the best platforms in the trading industry that focuses on fulfilling the needs of both beginners and professionals. However, to get started with Exnova, traders must know how to use Exnova.
This Exnova trading tutorial will guide you to getting started on the trading platform. Once you know everything about using this online trading platform, you can use the platform with more confidence.
Before digging into the Exnova trading tutorial, let us look at what Exnova is and how traders can use it for trading here.
(Risk warning: Your capital can be at risk)
What is Exnova?
Exnova is an online broker that allows traders to trade several financial instruments. Exnova is an easy-to-use trading platform full of features.
The broker is available in several countries across the globe. Traders can enjoy using top-class trading features with Exnova. Besides offering traders the best features, Exnova offers great customer support. It makes trading on this online trading platform very appealing for traders.
| Basis | Availability |
| ???? Minimum deposit | $10 |
| ???? Minimum trade value | $1 |
| ???? Available assets to trade | Binary options, digital options, forex, stocks and indices, commodities |
| ???????????? Customer support | Yes, 24×7 |
| ???????????? Live chat | Yes |
| ???? Educational resources | Video tutorials, newsfeed, economic calendars |
| ???? Payment methods | Bank transfers, Skrill, Neteller, AdvCash, Web Money, Perfect Money, Boleto, Boleto Rapid, Visa, and MasterCard |
(Risk warning: Your capital can be at risk)
Available markets and financial assets to trade
Exnova offers a good product range to traders. The financial assets available on this trading platform are more than 250. Traders can enjoy building a great portfolio with a high scope for diversification.
Exnova offers the following financial assets to trade for traders.
Binary options
Exnova is one of those brokers who offer traders binary options trading with the best features. Traders can choose underlying assets for binary options trading. Binary options trade execution on this trading platform is fast.
Traders can choose the expiry time and strike price and enjoy a good payout on winning the trade.
Digital options
Apart from binary options, Exnova also offers digital options for trading. Retail traders can indulge in digital options trading on the platform. It offers a simple and accessible way to participate in the financial markets through Exnova.
Indices
Traders can also trade popular indices, like S&P 500, NASDAQ, etc. The tools and technical Exnova indicators that the binary broker offers make it easy for traders to decide when to trade these instruments.
Stocks
Exnova offers traders access to the stocks of many top companies worldwide. Traders can bet on their favorite stocks and enjoy a great return on investment.
Forex
There are several forex pairs available on Exnova. Traders can analyze the forex they wish to trade and choose USD, EUR, AUD, and JPY, among other forex available.
Commodities
Some top commodities for trading on Exnova include oil, natural gas, gold, and silver. Traders can find many other commodities.
Cryptocurrency
Traders will be able to trade some of the top cryptocurrencies like BTC, XRP, ADA, and many more on this trading platform.
(Risk warning: Your capital can be at risk)
How to trade on Exnova- Step-by-step tutorial
If you are thinking about how Exnova works, it has a very straightforward process. Exnova has a simple user interface. Therefore, any trader can trade on Exnova without struggling.
Here are a few steps that help traders know how to trade on Exnova successfully.
#1 Sign up for a trading account
Traders cannot get started on Exnova if they do not sign up for a trading account. So, traders must first signup for a real or demo Exnova trading account. Exnova has an elementary signup process.
The following steps are necessary to have your trading account ready on the platform:
- First, a trader must visit the Exnova web platform or the mobile trading platform.
- After logging on to the website, traders will see the ‘create an Exnova account‘ option.
- Click on this option to successfully sign up for a trading account with the broker.
#2 Choose between the Exnova demo account and the live trading account
Exnova offers two trading account types to traders. Traders can choose to sign up for a real trading account or the demo account.
A demo account is like a practice trading account and is the perfect fit for new traders. Even those traders who are skeptical about using the broker can first sign up for a demo account and then log in to Exnova and test the platform.
The demo account has a virtual currency of $10,000 that traders can use to learn to trade. You can find the option to signup for the Exnova demo account on the trading platform’s homepage. Click on the ‘free demo account’ option to have your trading account ready.
Traders who are experts in trading and trust the trading platform can begin with a live trading account immediately. You only need to click on the ‘create an account’ option.
(Risk warning: Your capital can be at risk)
#3 Verify your information
Before a trader can begin trading on the platform, he must verify his trading account. The broker will ask for several verification details from traders. These details generally include the trader’s personal information.
A trader must verify his identity before starting trading on the platform. In addition, the trader would also need to undergo the verification of his payment methods.
The verification process will require traders to upload the following documents:
- A picture of the trader’s passport’s first page
- Driving license
- Residence proof of the trader
Once the trader verifies his identity, he can verify the payment method he will use on the trading platform. For instance, a trader can verify his credit card details on the platform.
#4 Fund your trading account
Now that the information on your Exnova trading account is complete, you can finally fund your trading account. The broker offers several payment methods to traders that they can use for funding.
Payment methods
Traders can use the following:
- Bank transfers
- Skrill
- Neteller
- AdvCash
- Web Money
- Perfect Money
- Boleto
- Boleto Rapid
- Visa
- MasterCard
(Risk warning: Your capital can be at risk)
Minimum deposit
Traders must also ensure that they adhere to the minimum deposit requirements of the broker. The broker will not allow a trader to fund the trading account with less than the minimum Exnova deposit amount.
The minimum deposit is $10, and traders can fund their trading accounts with any amount starting with $10.
How to deposit funds?
Depositing funds on Exnova is simple. Traders must log into their trading accounts with the broker and find the ‘deposit’ section.
Then,
- Traders can click the ‘deposit’ option.
- Choose the payment mode.
- Enter the Exnova minimum deposit amount or a higher amount.
- Confirm the deposit.
After traders confirm their deposit, their Exnova trading account will be credited with funds. The broker credits the deposits into traders’ accounts instantly. So, traders never miss out on a great opportunity while trading online.
#5 Choose an asset to trade
After having enough funds in your trading account, you can finally choose an asset to trade. As mentioned, the broker offers traders more than 250 financial products, including Exnova OTC assets and many more.
Traders can pick one or more assets they think are perfect for trading.
#6 Conduct an analysis
Before placing a trade, a trader must conduct a technical analysis. Traders can use several tools and technical indicators to conduct technical analysis.
Exnova offers traders technical indicators like RSI, MACD, EMA, etc. Traders can also pair these technical indicators with charts to determine the strength of the asset they picked for trading.
(Risk warning: Your capital can be at risk)
#7 Place the trade
Traders can finally place the trade on Exnova. The binary options broker allows traders to place a trade for any value. The minimum trade value with the broker is only $1. Traders can go as high with the trading amount as they want.
#8 Monitor the trade
After successfully discovering how to trade on Exnova, they must also monitor it. Monitoring the trade is essential as it allows traders to check when the asset falls behind expectations.
Exnova also allows traders to use features like stop profit or stop loss while trading online. So, if a trader feels he has reached the desired profit level, he can close his trade.
#9 Withdraw your profits
After earning sufficient profits on your trades on the Exnova trading platform, you can withdraw your profits. Traders can use only the same payment methods to withdraw the funds they used to deposit.
(Risk warning: Your capital can be at risk)
Features available for traders on Exnova
Traders can get the best trading experience when they make the maximum out of the features available on Exnova. As a top trading platform, Exnova offers great features to traders.
Traders can incorporate these features into their trading journey for maximum benefit.
Live chats
As a beginner, traders can enjoy getting other traders’ help and expertise. The broker offers a live chat feature to traders, which allows them to communicate with other traders and gain from their experience.
Charting
Exnova allows traders to open multiple trading charts at any time. These trading charts are helpful for traders to conduct technical analysis. Traders can conduct a technical analysis and place their trades accordingly.
Stop loss/ take profit
Sometimes, the market might not move in a trader’s favor. In such cases, traders can always employ the stop loss or take profit feature. This feature helps traders from incurring heavy losses while trading.
Negative balance protection
Negative balance protection is another feature that traders can find on Exnova. Traders must not forget to use this feature to avoid incurring more losses than the balance available in their Exnova trading account.
The negative balance protection feature offered by Exnova shields a trader from losing more funds than what is in his trading account.
Price movement alerts
Traders can also turn on the notifications for the price movement alerts with the broker and create their own Exnova signals. The broker gives out price movement alerts to traders as push notifications. Traders can turn on these notifications to watch for any changes in the price of the asset they are trading.
Demo account
Finally, before traders can use the live trading account offered by Exnova, they should start with a demo account. A demo account is also full of features and allows traders to test their trading strategies.
Traders can plan how they will trade on Exnova and what trading strategies they will use. If any trading strategy needs a change, traders can do so on the demo account. It saves them from risking their funds on the live trading account.
Conclusion – Choose to trade with Exnova!
This Exnova trading tutorial is the ultimate guide for traders looking forward to learning how to trade. The broker offers a seamless trading experience to traders. Traders are allowed to make a selection from the wide range of underlying assets available to trade.
All that a trader wanting to trade on Exnova needs to do is sign up for a trading account. Traders can finally fund their trading accounts and enjoy trading their favorite assets after conducting a technical analysis.
Once a trader has made a profit, he can withdraw his profits from his Exnova trading account. The broker will process a trader’s withdrawal within 1–3 days.
(Risk warning: Your capital can be at risk)
Frequently asked questions about trading with Exnova:
What is Exnova, and what financial instruments can a trader trade with it?
Exnova is an online broker that provides access to many financial instruments. These include stocks, currencies, commodities, binary options, and digital options. To start trading with Exnova, traders need to create an account, deposit funds, and select the asset they want to trade.
How can a trader place a trade with Exnova?
To place a trade with Exnova, traders need to log in to their accounts, select the asset they intend to trade, and set the amount they would like to invest. They can then confirm the trade and wait for the outcome.
What trading tools and features does Exnova offer?
Exnova offers a variety of trading tools and features, including real-time price charts, technical indicators, risk management tools, and educational resources. These tools can help you make informed trading decisions and manage your risk exposure.
What are the Exnova fees and charges associated with trading?
Exnova charges a commission on each trade, which varies depending on the asset you are trading and the size of your position. In addition to the commission, there may be other fees and charges, such as spreads, swaps, and withdrawal fees.
What are the risks of trading with Exnova?
Trading with Exnova involves a high level of risk, as the prices of financial instruments can be volatile and unpredictable. Traders must have a sound trading strategy. They should manage their risk exposure and be prepared for potential losses. Exnova provides educational resources and risk management tools to help traders manage their risk exposure.
