How to Register and Trade Binary Options at Exnova
Registering an Account on Exnova: A Step-by-Step Guide
Registering for a Trading Account on Exnova using EmailStep 1: Visit the Exnova website and locate the registration section by clicking on the [Create an Account] button in the upper right corner page.
Step 2: Provide accurate personal information:
- Choose your country of permanent residence.
- Enter a valid email address.
- Create a strong password to secure your account
- Click "Create an Account".
Congratulations! You’ve successfully registered. You now have $10,000 in your Demo Account, which is a tool for getting familiar with the platform. You can practice trading skills on various assets and try out new techniques on a real-time chart without any risks.
You can also trade on a Real account after depositing by clicking "Deposit" in the upper right corner page. Exnova typically offers various funding options, including bank cards, e-wallets, and cryptocurrencies (The minimum deposit is 10 USD). Refer to this article to know more about Deposit: How to Deposit on Exnova
Once you access your email, Exnova will send you a confirmation email. Click the link provided in that email to activate your account, completing the registration and activation process.
Registering for a Trading Account on Exnova using GoogleAdditionally, you can choose to create an Exnova account using Google. This is a fast and simple method to set up your trading account and begin trading.
1. To register, you need to authorize your Google account by clicking on the corresponding button in the registration form.
2. You will be redirected to a Google sign-in page where you can enter your Google account credentials.
3. Then enter the password for your Google account and click “Next”.
Congratulations! You have successfully registered on Exnova with a Google account. You will then be taken to your Exnova dashboard where you can complete your profile, verify your identity, deposit funds and start trading.
You can now enjoy the benefits of trading on one of the most advanced and user-friendly platforms in the market.
Registering for a Trading Account via the Exnova Android AppIf you want an easy and user-friendly method to trade on your mobile phone, consider using the Exnova app for Android. We’ll guide you through the uncomplicated process of downloading, installing, and registering an account on the Exnova app in just a few steps. This is one of the simplest ways to trade while on the move
Step 1: Download the app.
To download the Exnova app Android, you can go to the Google Play Store and search for "Exnova" or click here.
Step 2: Register an account on the Exnova app.
Once you have downloaded and installed the app, open it and you will see a registration form.
Fill in the registration form with your personal details:
- Enter a valid email address.
- Create a strong password.
- Select your country of permanent residence.
- Agree to the terms and conditions of Exnova
- Tap the "REGISTRATION" button.
Congratulations, you have successfully created your Exnova account. You have $10,000 in your Demo Account. You can choose from hundreds of assets to trade, analyze price charts, use various indicators and tools, set up alerts and notifications, make deposits and withdrawals, contact customer support and more. You can switch between a free demo account and a real account by tapping on the balance icon at the top right corner.
We’ll guide you through the process of creating an Exnova account on the mobile web, which works smoothly on any device and browser.
Registering for an Exnova Trading Account via the Mobile Web Version
Step 1: Open up your browser on your mobile device. After that, visit the Exnova website.
Step 2: On the homepage, you will see a "Sign up" button at the top. Click on it to open a registration form.
You will need to select your country and enter your email address, create a password and agree to the terms and conditions of Exnova. You can also sign up with your Google account if you prefer.
Congratulations! You have successfully registered an Exnova account on the mobile web version. You can now explore the platform and start trading.
The mobile web version of the trading platform is exactly the same as the regular web version of it. Consequently, there won’t be any problems with trading and transferring funds.
Frequently Asked Questions (FAQ)
To secure your account, use two-step authentication. Each time you log in to the platform, the system will prompt you to enter a special code sent to your email address. You can activate this in Settings.
How can I secure my account?
You can always top up your practice account for free if your balance drops below $10,000. You must first select this account.
How do I top up my practice account?
You cannot profit from the trades you make on a practice account. On a practice account, you receive virtual funds and make virtual trades. It is designed for training purposes only. To trade with real money, you need to deposit funds into a real account.
How much money can I make on the practice account?
To switch between accounts, click on your balance in the upper right corner. Make sure that you are in the trading room. The panel that opens displays your accounts: your real account and your practice account. Click on the account to make it active. Now you can use it to trade.
How do I switch between a practice account and a real account?
How to Trade Binary Options on Exnova
What is an Asset on Exnova?An asset is a financial instrument used for trading. All trades are based on the price dynamic of a chosen asset. Exnova offers a diverse range of assets, including currencies, commodities, stocks, indices, crypto, and more.
To choose an asset you want to trade on, follow these steps:
1. Click on the asset section at the top of the platform to see what assets are available.
2. You can trade on multiple assets at once. Click on the “+” button right from the asset section. The asset you choose will add up.
Exnova provides a user-friendly trading platform that enables traders to execute binary options trades efficiently.
How to Trade Binary Options on Exnova?
Step 1: Choose an Asset:
The percentage next to the asset determines its profitability. The higher the percentage – the higher your profit in case of success.
Example. If a $10 trade with a profitability of 90% closes with a positive outcome, $19 will be credited to your balance. $10 is your investment, and $9 is a profit.
Some assets’ profitability may vary depending on the expiration time of a trade and throughout the day depending on the market situation.
All trades close with the profitability that was indicated when they were opened.
Step 2: Choose an Expiry Time:
The expiration period is the time after which the trade will be considered completed (closed) and the result is automatically summed up.
When concluding a trade with binary options, you independently determine the time of execution of the transaction.
Step 3: Set Investment Amount:
The minimum amount for a trade is $1, and the maximum is $20,000, or an equivalent in your account currency. We recommend you start with small trades to test the market and get comfortable.
Step 4: Analyze the price movement on the chart and make your forecast:
Choose HIGHER (Green) or LOWER (Red) options depending on your forecast. If you expect the price to go up, press "HIGHER" and if you think the price to go down, press "LOWER".
Step 5: Monitor Trade Progress:
Once the trade reaches the selected expiry time, the platform will automatically determine the outcome based on the asset’s price movement. If your prediction was correct, you will receive the specified payout; if not, the invested amount might be lost.
New CFD types that are available on our trading platform include Forex pairs, cryptocurrencies, commodities, indices, and more.
How to trade CFD instruments (Forex, Crypto, Stocks, Commodities, Indices, ETFs) on Exnova?
The trader’s goal is to predict the direction of the future price movement and capitalize on the difference between the current and future prices. CFDs react just like a regular market: if the market goes in your favor, then your position is closed In-The-Money. If the market goes against you, your deal is closed Out-Of-The-Money. In CFD trading, your profit depends on the difference between the entry price and the closing price.
In CFD trading, there is no expiration time, but you can use a multiplier and set stop/loss, and trigger a market order if the price gets to a certain level.
Trading CFD instruments on Exnova opens the door to diverse market opportunities, including Forex, cryptocurrencies, and other CFDs. By understanding the basics, employing effective strategies, and utilizing the user-friendly Exnova platform, traders can embark on a rewarding journey in the world of CFD trading.
How to use Charts, Indicators, Widgets, Market Analysis on ExnovaExnova offers a robust set of tools to empower traders with valuable insights and analytical capabilities. This guide will delve into the effective use of charts, indicators, widgets, and market analysis on the Exnova platform. By harnessing these resources, you can make informed trading decisions and enhance your overall trading experience.
Exnova trading platform allows you to make all your presets right on the chart. You can specify order details in the box on the left-side panel, apply indicators, and play with settings without losing sight of the price action.
Want to trade multiple options at a time? You can run up to 9 charts and configure their types: line, candles, bars, or Heikin-ashi. For bar and candle charts, you can set up the time frames from 5 seconds up to 1 month from the bottom left corner of the screen.
For in-depth chart analysis, use indicators and widgets. Those include momentum, trend, volatility, moving averages, volume, popular, and others. Exnova has a fine collection of the most-used and essential indicators, from XX to XX, over XX indicators in total.
If you apply multiple indicators, feel free to create and save the templates to use them later
Widgets can help your decision-making big time. On the platform, you can use widgets like traders’ sentiment, high and low values, trades of other people, news, and volume. They will help you monitor changes in real time.
No matter if you trade options, Forex, stocks, metals, or cryptos, knowing what’s going on with the world economy is essential. At Exnova, you can follow up on the news in the Market Analysis section without leaving the traderoom. Smart news aggregator will tell you what assets are the most volatile right now, and themed calendars will give you an idea of when is the best moment to take action.
Frequently Asked Questions (FAQ)
What is the best time to trade for trading?The best time to trade depends on your trading strategy and other factors. We suggest that you pay attention to the market timetable since the overlap of the American and European trading sessions makes prices more dynamic in currency pairs such as EUR/USD. You should also keep an eye on market news that could affect the movement of your chosen asset. Inexperienced traders who don’t follow the news and don’t understand why prices fluctuate are better off not trading when prices are very dynamic.
The minimum investment amount to open a trade on Exnova is $1.
What is the minimum investment amount to open a trade?
What is the profit after the sale and the expected profit?"Total Investment" shows how much you invested in the trade.
"Expected Profit" shows the possible outcome of the trade if the chart remains at the current level by the time the trade expires.
Profit after Sale: If it is red, it shows how much of your investment you will lose after the trade expires. If it is green, it shows how much profit you will make after the sale.
The Expected Profit and Profit after Sale figures are dynamic. They vary depending on several factors, including the current market situation, the proximity of the expiration time, and the current price of the asset.
Many traders sell when they are not sure if the trade will make them a profit. The selling system gives you the opportunity to minimize your losses.
In CFD trading, you can use a multiplier that can help you control a position in excess of the amount of money invested in it. Thus, potential returns (as well as risks) will be increased. By investing $100, a trader can obtain returns comparable to an investment of $1,000. However, remember that the same applies to potential losses as they will also be increased several times.
How does a multiplier work?
Traders use Stop Loss orders to limit losses for a particular open position. Take Profit works in much the same way, allowing traders to lock in a profit when a certain price level is reached. You can set the parameters as a percentage, amount of money or asset price.
How to use Auto Close settings?
Conclusion: Embarking on a Successful Online Trading Journey with Exnova
Embarking on the journey of online trading through Exnova begins with the exciting step of opening a trading account, offering a gateway to explore diverse financial instruments and markets. This platform’s commitment to security, transparency, and user-friendly functionality reflects your well-researched choice.
Diving into binary options trading via Exnova provides traders a dynamic opportunity to engage profitably in financial markets. Armed with fundamental understanding, effective strategies, and proper risk management, traders can confidently navigate the platform and work toward fulfilling their trading objectives. Follow this comprehensive guide to position yourself for success in online trading using Exnova’s advanced platform, ensuring informed investment decisions that lead to prosperity and growth in this ever-evolving landscape.