Have you ever dreamed of making money online? For many Nigerians, Forex trading is becoming a popular route to earn extra income, especially with rising costs of living. The good news? Platforms like Exness make it easy to get started—even with just $10.
In this guide, I’ll show you how to go from zero to your first $100 profit using Exness, even if you’ve never traded before.
Why Exness for Beginners?
Before diving in, let’s explore why Exness is the go-to broker for newbies: – Low Deposit Requirement: You can start with as little as $10. – Demo Account: Learn the ropes without risking real money. – Instant Withdrawals: Withdraw profits in under 60 seconds. – Regulated & Trusted: Licensed globally, including FCA and CySEC.
Step-by-Step: Making Your First $100
Step 1: Set Up Your Exness Account
Upload your ID, verify your phone/email, and choose your account type (Standard is recommended for beginners).
Step 2: Practice on a Demo Account
Use the demo to understand: – How to open and close trades – Risk management – How forex pairs move
Step 3: Fund Your Account
Deposit $10 via bank card, crypto, or mobile money. No transaction fees.
Step 4: Choose a Major Currency Pair
Stick with EUR/USD, GBP/USD, or USD/JPY — they have tight spreads and less volatility.
Step 5: Use Leverage Wisely
Exness offers flexible leverage. Beginners should start with low leverage (1:100 or less) until they understand the risks.
Step 6: Follow a Simple Trading Strategy
One common beginner-friendly method is Price Action + Moving Averages:
- Wait for the price to cross the 50-period moving average.
- Enter the trade only when the candle closes above or below it.
- Set stop-loss and take-profit levels to protect your capital.
Step 7: Grow Slowly
Don’t expect to make $100 in a day. Set small daily targets like $5–$10 and stack wins. Avoid overtrading.
Tools Exness Provides
- MT4/MT5 Platforms
- Economic Calendar
- Trader’s Calculator
- Market News Updates
Mistakes to Avoid
- Trading without a stop-loss
- Overleveraging
- Revenge trading after a loss
- Ignoring economic news
Helpful Reads on GistMe9ja.com
- Top Forex Strategies for Beginners
- Avoid These Trading Scams in Nigeria
- Trading Psychology: How to Master Emotions
- Exness Broker Review 2025
Conclusion
Making your first $100 from forex trading isn’t about luck—it’s about preparation, discipline, and choosing the right platform. Exness gives you a low-cost, beginner-friendly environment to learn and grow.
If you’re serious about starting, don’t just read—take action.
