Earnex Exchange Connects Professional Traders With Investors In A Few Easy Steps
The development of the technologies made trading and investing accessible to millions around the globe. More and more people see their participation in the financial markets as an alternative source of income.
Still, to most of them, understanding the complexity of trading and learning how to apply different trading strategies is challenging to overcome. Therefore, they often give up on the idea discouraged by capital loss due to lack of knowledge.
The truth is, only a few are cut to become real professional traders. However, that doesn’t mean that the rest of us cant benefit from the profit potential of the financial markets.
Earnex Exchange aims to bridge the knowledge gap by providing the environment and the technology where seasoned traders can share their trading strategies. At the same time, investors copy them onto their accounts, and both sides share the potential returns.
The Earnex Exchange team promises easy to navigate and utilise an environment, understandable even for inexperienced investors. We decided to test that and try the signing process. Here’s what we found.
What is Earnex Exchange?
Developed by a team of industry specialists with over 50 years of experience, Earnex Exchange is based on the idea that anyone can invest in the financial markets if they have suitable examples to follow. Professional traders can share their trading strategies while investors back them up by copy these strategies, and both sides share the potential profits. It is a straightforward process that takes few easy steps to set up.
Register a profile
Joining Earnex Exchange is free. To create a new profile, simply follow the instructions on earnexexchange.com. As with every registration related to financial operations, it is required to provide a name, an ID verification and a full address. Once the registration is done, you can log into your profile using your selected user name and password.
Explore the Leaders Boards
The next step is selecting traders and trading strategies to follow and copy. For this purpose, investors head on towards the Leaders Board. This feature includes several categories:
- Editors Choice
- Top 10
- Start Traders
When you open a category, you will see a brief profile of each trader enlisted. The profile includes their name, location and important information such as Absolute Gain, Maximum Drawdown, Average Monthly Performance.
For a more in-depth look, you only need to click on the selected name. This detailed profile will provide you with more information about the trader’s performance. It includes sections such as ROI of the strategy, Live Profit, Number of Investors, and a statistic of the strategy’s historical performance by day, week or month.
Those with more experience will be probably able to select the strategy suitable for them based on the information provided. However, the Earnex Exchange team appreciate that not everyone understands the technical information and assists them in their selection through a feature called Badges.
How to read the Badges
Badges are handy, as they give a visual representation of the traders’ performance. They have different colours – Bronze, Silver, Gold and Platinum, where Bronze represents a minimum level and Platinum – the maximum.
Traders receive Badges based on their trading performance in five different areas: Risk Level, Drawdown Level, Asset Under Management, Number of Copies and Best Monthly Performance. One trader can have various colour Badges depending on their performance in each appointed category.
Adjust Risk Level according to your own requirements
Managing Risk Level is essential when participating in the financial markets. However, the complexity of the idea often is why investors overlook it and, as a result, could suffer a significant loss. The team behind Earnex Exchange have taken this under consideration and developed an intuitive Risk Level Management Tool, easy to use even by complete beginners.
When you choose a trading strategy you wish to follow, it’s good to adjust its Risk Level according to your requirements before adding it to the account. To do that, you simply need to move the bar to a position that matches your needs and goals. There are three parameters you can adjust: Stop Loss, Take Profit and Multiplier Index.
- Stop Loss or Stop Loss Order enables you to set a limit on the amount of funds you’re willing to risk when applying a particular trading strategy. This is the vital measurement that could prevent significant loss. Therefore you should select a level which you’re comfortable at.
- Take Profit or Take Profit Order allows you to secure some profit, as you set a price point at which the platform will stop placing orders on your behalf.
- Multiplier Index combines several risk factors such as fixed lot, balance, equity, equity risk percentage and balance risk percentage and enables you to control them at the same time. This measurement is helpful, especially to inexperienced investors, as they don’t need to look deeper to understand the technicality behind each one of them.
Copy the trading strategy and enjoy the rest of your day
When you adjust the Risk Level of the selected trading strategy, you can press the Add button, which will automatically be put into your trading account. The platform will start placing orders on your behalf.
If you haven’t opened a trading account until that point, you can do it from the related section on earnexexchange.com. Once the strategy is added to your account, you can monitor it at any time.
The practice shows that most of the investors log in once a day or every other day. You can add multiple trading strategies on your account and adjust the risk level of added strategies or remove the ones you don’t wish to follow anymore.
In conclusion, Earnex Exchange provides a user-friendly environment where investors can navigate easily and explore the offered opportunities with confidence.