How to Trade Forex, Crypto, Stocks and Withdraw on Exnova

How to Trade Forex, Cryptocurrencies, Stocks on Exnova

Mastering Charts, Indicators, Widgets, and Market Analysis on Exnova

Exnova provides a strong collection of tools to help traders understand better and analyze the markets. This guide will show you how to use charts, indicators, widgets, and market analysis on the Exnova platform effectively. When you use these tools, you can make smarter trading choices and improve your overall trading experience.

Charts

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.

Indicators

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

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.

Market analysis

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.

What is an Asset on Exnova?

An asset is like a tool for trading in the financial world. Every trade depends on how the price of a chosen asset changes over time. Exnova provides a wide variety of assets you can trade, such as currencies, commodities, stocks, indices, cryptocurrencies, 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.

How to trade CFD instruments (Forex, Crypto, Stocks, Commodities, Indices, ETFs) on Exnova?

New CFD types that are available on our trading platform include Forex pairs, cryptocurrencies, commodities, indices, and more.

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 Trade Binary Options on Exnova?

Binary options are derivatives that offer a simple way to speculate on price movements without owning the underlying asset. On Exnova, you can trade binary options using the following steps:

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.
Trading History.

Frequently Asked Questions (FAQ)

What is the minimum investment amount to open a trade?

The minimum investment amount to open a trade on Exnova is $1.
 

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.
 

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.

How does a multiplier work?

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 to use Auto Close settings?

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.

Withdrawing Funds from Exnova: A Step-by-Step Guide

Navigating Fund Withdrawals on Exnova

The method you use to withdraw your funds will depend on the method you used to deposit them.

If you deposit funds using an e-wallet, you can only withdraw funds to the same e-wallet account. To withdraw funds, create a withdrawal request on the withdrawal page. Withdrawal requests are processed within 3 business days. If you withdraw funds to a bank card, the payment system and your bank will require additional time to process this transaction.
 

Steps for Withdrawing Money from Exnova

Step 1: Sign In to Your Exnova Account

To initiate the withdrawal process, log in to your Exnova account using your registered email address and password. Ensure that you are accessing the Exnova website or app to maintain the security of your account.

Step 2: Navigate to Your Account Dashboard

Once logged in, navigate to your account dashboard. This is usually the main landing page after logging in, and it displays an overview of your account’s financial activities.

Step 3: Navigate to the Withdrawal Section

Look for the "Withdraw Funds" section on your account dashboard. This is where you’ll initiate the withdrawal process.

Step 4: Select the Withdrawal Method

Exnova typically offers various withdrawal methods. Choose the method that suits you best and click on it to proceed.

Step 5: Specify Withdrawal Amount

Enter the amount you wish to withdraw from your Exnova account. Make sure the amount is within your available balance and takes into account any potential fees associated with the withdrawal method.

Step 6: Monitor Withdrawal Status

After submitting your withdrawal request, monitor your account for updates on the withdrawal status. Exnova will provide notifications or updates on whether your withdrawal has been processed, approved, or completed.

Check your balance history.

How long does it take to process the withdrawal on Exnova?

Our team of experts requires a certain period to thoroughly assess and approve each withdrawal request, which typically spans no more than 3 days.

Ensuring your identity is a pivotal step to prevent unauthorized access to your funds and confirm the authenticity of your request.

This is necessary for the security of your funds, along with the verification procedures.

After that, there is a special procedure when you withdraw to a bank card.

You can only withdraw to your bank card the total amount deposited from your bank card within the last 90 days.

We send you the money within the same 3 days, but your bank needs some more time to complete the transaction (to be more precise, the cancellation of your payments to us).

As an alternative, you have the option to seamlessly withdraw all accrued profits to an e-wallet without encountering any constraints and receive your money within 24 hours after we complete your withdrawal request. This is the fastest way to get your money.

Minimum withdrawal on Exnova

When initiating fund withdrawals from your brokerage account, it’s important to consider the minimum withdrawal threshold. Certain brokers have restrictions that prevent traders from withdrawing amounts below this set minimum.

The minimum withdrawal requirement is influenced not solely by the regulations of the Exnova trading platform, but also by the chosen payment method. Generally, the minimum withdrawal benchmark commences at $2. Traders have the flexibility to use electronic wallets, banks, and cards to process withdrawals for amounts starting from $2.

Maximum withdrawal on Exnova

Exnova withdrawal has no maximum limits. So, traders can enjoy withdrawing as many funds as they have in their trading accounts.

Conclusion: Seamless Trading and Withdrawal Processes on Exnova

To trade on Exnova’s platform, you need to select assets, analyze market trends, and use the user-friendly interface. This will help you execute trades with confidence and engage in the financial markets.

Exnova allows you to trade binary options in various financial markets. To do this successfully, you need to learn the fundamentals, apply effective strategies, and use proper risk management techniques. This will help you navigate the platform confidently and achieve your trading goals.

To withdraw funds from Exnova, you need to follow these step-by-step instructions. This will help you access your funds securely and conveniently according to your financial needs. Remember to always use secure and trusted devices when accessing your Exnova account and to stay updated on any changes to the withdrawal process.