Perhaps, you are interested in trading, but you don't want to spend time and resources learning the ins and outs of the process? Perhaps, you're someone who'd like to keep trading as an extra source of income, and you don't want to devote your entire day to it?
Well, joining Earnex Exchange will let you do both and furthermore. It is an easy to navigate, a user-friendly environment where seasoned traders share their professional trading strategies, and investors like you simply back them up.
It takes just a few minutes and a couple of clicks to set it up, and you won't be spending hours every day following the slightest changes on the market.
In this article, we will provide you with more details about how Earnex Exchange works and how you as an investor can easily register and benefit from the profit potential of the financial markets.
Let's start by giving you an overview of what Earnex Exchange is.
Developed by a team with over half a century of combined experience in the financial markets, Earnex Exchange aims to bridge the knowledge gap for investors like you and help you maximise your profit potential on the financial markets by simply following and copy the trading performance of advanced traders.
The team behind the platform has a good understanding of how challenging is for inexperienced investors to access the profit potential of the markets and aimed to provide an environment where this process can be done effortlessly with just a couple of clicks.
Your Earnex Exchange journey starts with completing the registration process, where you need to set up your user name and password, which you will be using to log in every time you open the platform.
The registration is a standard procedure where you will need to fill in information like your name, address etc. Once you are ready with this step, you can proceed on browsing the platform and selecting your traders of choice and then following their trading performances.
Traders and Leaders Board
To ease the selection of the traders you would like to follow, the Earnex Exchange team has created the Leaders Board system. It offers you a good overview of trader's profiles divided into several categories based on different criteria.
For example, there is the Top 10 Leaders Board, which means you will see a list of the top ten best traders at the moment based on their current trading performances. Additionally, you can monitor the traders' profiles in other boards such as Editors Choice, Legendary, Star Traders and Professionals.
When you open a selected Leader board, you will see a short profile of each trader, showing their name and where they are from. There are also other important data such as Absolute Gain, Maximum Drawdown, Average Monthly Performance.
If you wish to observe their profile in-depth, simply click on the trader's name. Our advice is to spend more time on monitor traders to make an informed and balanced decision which are mostly matching your investment goals.
When you make your choice, you can start following the traders. If you wish to utilise their trading strategies, you need to open your Earnex Exchange account and then copy the selected trading performances. But before we go into more details about that, let us explain to you a bit more about the Leaders Board and why the traders are selected in a certain category.
Earnex Exchange Badges
Traders listed in the Leaders Board of Earnex Exchange are carefully selected based on several criteria, reflecting their experience, trading history, and current performance. Traders move up and down the board based on these criteria.
To make that selection process more understandable, the team at Earnex Exchange has created a feature called Badges. Traders are given badges based on their performance according to the following criteria: Risk Level, Drawdown Level, Asset Under Management, Number of Copies and Best Monthly Performance. The badges are Bronze, Silver, Gold and Platinum, where Bronze is the lowest and Platinum - the highest level of proficiency.
Now, let's go back to the moment when you are only a step before completing the process of your first Earnex Exchange experience.
As we mentioned, after you select a trader and a trading strategy, all you need to do is open a trading account where you will add your selections. Check the account section at Earnex Exchange to choose what type of account you wish to add.
When selecting a trading strategy, you will notice that each one of them has three points:
- Overview - short presentation of the strategy
- Amount - the updated amount invested in it
- Risk - the risk level you as an investor wish to set on this strategy.
How do you control the risk level in Earnex Exchange?
As with the whole structure of the platform, the team at Earnex Exchange aims to provide you with an understandable and easy to manage service. The control of the risk level is based on three parameters which you can adjust very easy by sliding the bar under each one. The three Risk Level Parameters are:
► Stop Loss or Stop Loss Order enables you to limit the number of funds you're investing you are prepared to lose. This is an essential risk level tour, as if not set up, it could lead to significant losses.
► Take Profit or Take Profit Order - This allows you to determine the price on which you wish to stop the trading on this strategy to gain sure profit.
► Multiplier: The multiplier index combines several risk variables, including balance, equity, fixed lot, equity risk percentage, balance risk percentage. This parameter enables you to adjust them on one simple scale.
Once you set your Risk Levels, you can simply press "Add", and the strategy will be added to your account. After that, you don't need to do anything else. You can go and enjoy the rest of your day. You don't even have to check your account daily.
Additionally, you can adjust risk level parameters any time you want any time or stop following a specific strategy and add a new one instead. It all depends on your time and investment goals.
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