The rise of copy trading has transformed the way people engage with financial markets, making it accessible to both novice traders and seasoned professionals. Exness, a well-established online trading platform, has simplified this process with its Social Trading app, allowing users to copy the trades of successful traders. Whether you’re new to trading or just looking to diversify your strategy, copy trading could be a great way to start. In this guide, we’ll walk you through the steps to get started with copy trading on Exness.
What is Copy Trading?
Copy trading is a strategy where traders (usually beginners) automatically copy the trades of more experienced traders. It’s a hands-off way of investing, as the copy trader mimics the actions of those they follow in real-time. This allows you to potentially earn profits without having to actively manage your trades or even fully understand market analysis.
Exness offers its own social trading platform where users can explore various trading strategies and choose professional traders to follow, making it easier for anyone to tap into the world of trading.
Step 1: Create an Account on Exness
Visit the Exness Website: Head to Exness and click on the “Sign Up” button.
Fill in Your Details: You’ll need to provide some personal information, such as your name, email address, phone number, and create a secure password.
Complete Verification: Exness will require you to verify your identity to comply with financial regulations. This may involve uploading proof of identity and a proof of address.
Choose a Trading Account: Once verified, you can select a trading account. For copy trading, you can use either a Real Account or Demo Account to start. A demo account is a great option if you want to practice without using real money.
Step 2: Download the Exness Social Trading App
Exness provides a dedicated app for social trading, which is available on both Android and iOS. Here’s how to get it:
Log in to Your Account: After installation, open the app and log in using your Exness account credentials.
Go to the App Store or Google Play Store: Search for “Exness Social Trading” and download the app to your device.
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