How to Trade with Exness in Pakistan

Getting Your Exness Account Ready in Pakistan

If you’re starting out with trading, the very first step is setting up your account with us. Registration is straightforward but important to do right because we need to comply with regulations and keep your account secure.

You’ll need to provide your full name, email, phone number from Pakistan, and set a strong password. After that, the verification process kicks in where you’ll upload a government-issued ID and proof of address like a recent utility bill. This usually takes about 24 hours, sometimes less.

Choosing the right account type makes a big difference too. Here’s a quick look at what we offer:

Most newcomers start with the Standard account since it has a low entry point but still gives access to our core features.

Setting Up Your Trading Platform

Once your account is verified (don’t rush deposits before that!), you’ll want to pick your trading platform. Exness supports MetaTrader 4, MetaTrader 5, and our own mobile app, so you have options based on your preferences.

MetaTrader 4 vs MetaTrader 5

MT4 is the classic, especially good if forex trading is your main focus. It’s stable and super popular. MT5 is newer with more tools and supports more assets like indices and commodities, so if you want to mix things up, it’s worth considering.

Customizing Your Platform

Spend some time adjusting settings after you log in. Make sure to set your timezone to Pakistan Standard Time (PKT) – this helps you read charts correctly and aligns daily candles with your local time. Also, double-check the language setting so you don’t accidentally end up with something unfamiliar.

Funding Your Trading Account

Getting money into your account in Pakistan is pretty smooth, but knowing your options helps avoid surprises. You can use bank cards, bank transfers, or e-wallets like Skrill and Neteller.

The minimum deposit for the Standard account is $10, which makes it easy to start without risking too much.

Payment Methods and Processing Times

Note that Pakistani banks sometimes cause delays, especially with international transfers. This isn’t on our side, just how things work locally.

Understanding Trading Instruments on Exness

Here’s where things get more interesting. You can trade forex pairs, commodities, indices, and even cryptocurrencies on our platform. It’s not just forex, but since forex is our core, we focus a lot on those currency pairs.

Forex Pairs

Major pairs like EUR/USD, GBP/USD, and USD/JPY have tight spreads and good liquidity. Then you’ve got minor and exotic pairs, which come with wider spreads and more volatility – potentially rewarding but riskier.

Commodities & Indices

Gold, silver, and oil are popular commodities here, and indices like the S&P 500 or FTSE 100 offer exposure to markets without picking individual stocks.

Cryptocurrency

Crypto trading is available but keep in mind it’s highly volatile. If you’re just starting, get comfortable with forex before jumping into crypto markets.

How to Trade: Placing Your First Order

Now for the core question: how to trade on Exness. It’s easier than it looks once you know the steps.

Market Analysis Basics

Before placing any order, spend some time on analysis. Technical analysis involves charts and indicators like moving averages or support and resistance levels. Fundamental analysis means keeping an eye on economic news, both local and international, that could impact prices.

Order Types

• Market Orders: Buy or sell immediately at the current price.
• Pending Orders: Set an entry price in advance and the order executes when the market hits that level.
• Stop Loss: Protect your downside by automatically closing a losing trade.
• Take Profit: Lock in gains by closing a trade at a target price.

Step-by-Step Trade Execution

1. Open your MetaTrader or Exness app
2. Find the instrument you want to trade in Market Watch
3. Right-click or tap to create a new order
4. Choose your lot size (start small with micro or mini lots)
5. Set stop loss and take profit levels
6. Click Buy or Sell

Risk Management Strategies to Keep You Safe

Trading isn’t just about making profits; it’s about protecting your capital so you can keep trading over the long haul.

Position Sizing

Don’t risk more than 1-2% of your account on any single trade. If you have $500, that means risking $5-10 max.

Stop Loss Placement

Set stop losses based on market levels, like below support zones, not on random percentages. This keeps your risk aligned with actual price movements.

Diversification

Don’t put all your eggs in one basket by trading highly correlated pairs simultaneously. Spread your trades across different instruments to reduce risk.

Trading Sessions and Timing for Pakistani Traders

Knowing when the markets are most active can really improve your trading results. Since Pakistan is in PKT timezone, here’s how global sessions align with local time.

The London-New York overlap in the evening PKT is usually the best time for trading major pairs because the market is most liquid and volatile.

Economic Calendar

Keep an eye on key events like US Non-Farm Payrolls, interest rate decisions, and inflation data. Our platform includes an economic calendar to help you stay informed.

Advanced Features to Enhance Your Trading

Once you get comfortable, you might want to explore some of our platform’s advanced features.

Expert Advisors (EAs)

These automated programs can trade on your behalf based on rules you set. They’re handy if you want to take emotions out of the equation or trade when you’re not online.

Copy Trading

With Exness Social Trading, you can follow and copy strategies from experienced traders. Just make sure you do your homework on their track records and risk profiles before committing.

Mobile Trading

Our mobile app lets you trade on the go with real-time charts, notifications, and full account management. Internet quality in cities like Karachi, Lahore, and Islamabad is generally good, but having a backup plan for connectivity is smart.

Account Management and Withdrawals

Handling your account well includes knowing how to withdraw funds and manage leverage. Withdrawals need your account to be fully verified, and usually you have to use the same method you deposited with.

Withdrawals via e-wallets tend to be instant, while bank transfers might take a few business days because of local banking processes.

Leverage Management

We offer leverage up to 1:2000, but high leverage can be risky. It amplifies both gains and losses, so many traders prefer to use lower leverage like 1:50 or 1:100 to keep things manageable.