Feature and trade-off
Course context: This lesson belongs to a practical beginner curriculum for Pakistan.
| Feature | Practical use | Condition to measure |
|---|---|---|
| Long weekday schedule | Study around work or study hours | Liquidity and spread vary by session |
| Buy or sell CFD | Express either directional view | Both directions can lose |
| 0.01 lot minimum on many pairs | Test a smaller nominal position | Small margin does not cap loss |
| Majors, minors and exotics | Choose different currency exposures | Specifications and volatility differ |
| Leverage | Use less margin for a position | Amplifies losses if volume is increased |
What is actually traded
Exness offers forex CFDs rather than ownership of banknotes or a foreign-currency deposit. Major and minor pairs generally use a 100,000-unit contract and a 0.01-lot minimum. Exotic pairs also generally use a 100,000-unit contract but can carry fixed margin of 0.5%–2% and fixed leverage around 1:200–1:50.
Small-volume example
On a USD-quoted major pair, 0.01 lot represents about 1,000 base-currency units and often has an approximate pip value of USD 0.10. A 30-pip adverse move is therefore about USD 3 before spread, commission or slippage. Confirm the current pip value and margin in the account calculator.
Demo comparison exercise
- Select EURUSD, EURGBP and one exotic pair.
- Record contract size, margin rule, spread and swap.
- Calculate 0.01-lot cash movement for a 30-pip scenario.
- Observe each at the same Pakistan times for five days.
- Choose one pair whose cost and behaviour you can explain.
When forex may not fit
Do not proceed when the planned loss would affect essential expenses, when you cannot monitor the selected session, when leverage is being used to recover losses, or when you do not understand the signed client entity and CFD terms.
Official specifications
Exness forex categories and contract specifications · Available CFD instruments
Questions from a first-time learner
Is long trading access the same as constant liquidity?
No. Spread and activity change by session, rollover, news and holidays.
Does 0.01 lot mean the risk is automatically small?
No. Cash risk also depends on contract size, stop distance and price movement.
Are exotic pairs simply higher-return pairs?
No. They can have different fixed margin, spreads, volatility and liquidity.
Is leverage a benefit by itself?
It improves margin efficiency but can encourage excessive exposure.