There are several reasons to have an Exness demo account. Contrary to popular belief, newbie traders are not the only ones using a demo account. Let’s explore the advantages of using an Exness demo account in parallel with a standard account or professional account. Who uses an Exness demo account and why? Jump to one of the below user profiles that best describes you, then ask yourself if you are doing everything to improve your trading performance.
Newbie traders learn on the demo account
For newbies, many trading platforms can seem confusing, and many people simply get overwhelmed by the amount of information that is at their fingertips. Newbies can test the markets, find trading instruments that interest them, then get a feel for volatility ranges and how leverage affects profits and losses.
Learning how to set Stop Loss (SL), Take Profit (TP), and other pending orders is easily achieved with the help of a demo account, and following the results of the orders builds experience and instincts.
Anyone wishing to trade should already know how to place strategic TP and SL orders before touching the real markets. Thankfully, the Exness Terminal is ergonomic and somehow familiar from the moment it opens. Newbies often appreciate the sentiment bar next to the Buy and Sell button too, which indicates the wisdom of the crowd in real-time.
Intermediate traders experiment on the demo account
Intermediate traders know how to set pending orders, and they’ve already started experimenting with indicators on charts. But many intermediate traders don’t explore their assumptions on the demo account, which is a mistake. Trying new strategies and testing the efficiency with virtual funds is a powerful way to find the perfect tolerances.
The size of your order and the leverage you set are all dependent on the amount of equity you have to cover the margins. Experimenting with different settings on multiple assets can save you real money.
Pro traders build strategies on the demo account
Yes, even pro traders use the demo account. Smart traders test or customize existing money management and risk management strategies on a demo account. Often they will set demo orders at the same as real orders, modifying amounts and leverage, and seeing which strategies best perform with certain instruments. It’s the holy grail for traders. Finding that perfect balance of risk/reward.
Also, the global economy is an ecosystem, and when something pushes in Japan, something can pull in Australia.
Exploring these currency relationships on the Exness demo account can give pro traders a massive advantage, and what better way to test assumptions than with a fully functioning trading platform that won’t cost even one dollar.
What the Exness demo account offers you
You can get familiar with the Exness demo account best by installing the Exness Terminal, which incorporates an intuitive, simple interface with cutting-edge charting technology to give users a well-rounded trading experience. The Exness Terminal is ideal for traders of all levels and offers over 50 drawing tools and 100+ popular indicators. Charts, in association with TradingView, are easy to read at the default setting, but more advanced traders will appreciate the highly customizable options available.
Funding your demo account is easy and flexible. Simply add virtual money from your Exness Personal Area and start trading. Leverage settings are also available in the Personal Area and can be adjusted to match your risk appetites and preferred asset types.
Try trading with 1:2 leverage and see how price actions affect your equity, then compare to the highly sensitive 1:2000. While 1:20 and 1:50 are common leverage settings, keep in mind that highly volatile instruments such as Bitcoin can produce catastrophic price swings, and larger equity is needed to survive such price actions. Play around with settings, experiment, try laying some common indicators such as moving averages. The Exness demo account is ready for trading in its default mode, but your customizations to fit your needs and style are what make the Exness trading experience so frictionless.
How to get the Exness demo trading account
It's free to register with Exness, and there is no obligation to open a real account or trade. This means that you can add virtual funds and try out the multiple trading platforms available and even test trading strategies, without any financial risk. It’s advisable to set your demo account virtual equity at a level you would consider depositing for real. This way, you will understand what order sizes are realistic for you and what are your limits.
You’ll also see how leverage might affect your real account when trading more volatile instruments such as crypto.
Access and security
Access to a demo account and an Exness trading platform is available with your email. Registration is quick and easy, and doesn’t require documentation until it’s time to trade the real markets. Finally, let's talk about security. Exness takes security seriously, and the demo account is no exception. Whether real or demo, the platform and Personal Area use advanced encryption technology to protect your data.
As for your money, client funds are held in segregated accounts in trusted tier-1 banks. This means that you can trade with confidence, knowing that your information and funds are secure.
Conclusion
The Exness demo account is free to register, easy to use, and offers access to the same features and trading instruments as the real account types. With advanced security measures in place, you can trade with confidence, knowing that your information and funds are protected. Whether you are a professional or a novice trader, the Exness demo account is a powerful tool when used with the Exness Terminal, where you can comfortably explore and develop your trading instincts.
Try our Exness Trade app. You’ll get breaking news, price notifications, a live sentiment bar, and so much more directly on your mobile.
Hone your trading skills risk-free with Exness, then be ready for the coming market volatility that will likely make and break millionaires. Buy the rumor, sell the news, trade confident, trade informed.
