The fx market remains the largest in the world. It is a 24/7 market whose trade volume exceeds $6 trillion daily. The market is easily accessible and has become a pivotal employer for people with financial backgrounds. But to succeed in the market, you’ll need to take some time to learn how to trade. If you master the skill, the fx market promises tremendous rewards for regular traders.
The Fx market is thus getting increasingly popular each day because it gives each trader a chance to cut a piece of its bountiful rewards. It is open to small, average and established traders since it allows for easy entry and exit.
Unlike the stock exchange market, which requires a colossal amount of money as the initial investment, you can start trading Forex with as small as $100. If you are lucky, you can grow this amount to over 20K in a short span. Many traders have achieved a lot in the market, either as part-timers or full-timers. Note that the fx market has millions of active traders, but requires a lot of learning and effort to perfect the skill. Read on to see why forex trading with Naga matters.
What Is Forex Trading?
Forex trading revolves around speculating the value of foreign exchanges with the intention to buy or sell the currencies at a profit. It is a highly liquid market that attracts both beginners and experienced traders.
Notice that the fX market is highly liquid. It allows traders to buy any currency any time. The market is open from Monday to Friday and operates on a 24-hour basis. Every day, trading begins in Australia when the Australian market opens. The Asian market is the second one to be opened followed by Europe and finally the United States. The market is closed over the weekend, but Forex traders can still trade cryptocurrencies.
What is Naga?
Naga is one of the platforms that allow its clients to trade Forex and other assets. It comes with all the tools you need to trade over 950 assets. It allows traders to copy the trading activities of more seasoned and experienced traders and replicate them in their accounts.
Also, Naga is a social investment platform that allows traders to mirror trades in stocks, Forex and cryptocurrency markets. It allows one to trade various instruments such as indices, CFDs, Forex cryptocurrencies and commodities. The platform requires that you make a minimum deposit of $250 through different gateway payment options such as MasterCard, credit card, skrill, Visa, Vietcombank transfer Neteller, Giropay, Bitcoin and wire transfers.
The platform offers access to a wide range of copy trading features across a range of portfolio assets. It is regulated by Cyprus Securities & exchange commission (CySEC) and operates under Naga Group AG.
Why Should Traders Trade Forex With Naga?
Trading with Naga is advantageous to traders. Firstly, traders have access to over 950 assets and instruments. Besides, they can trade CFDs, stocks, and Forex in a market of their choice. Naga allows traders to stay on top of things and can order and sell assets in real-time.
The platform is mobile device friendly and gives each trader a chance to trade on the go.
How To Trade Forex In Naga?
Getting started on Naga is a four-step process that commences at the point a trader registers and opens an account. You will then be allowed to access a demo account to acclimate yourself to the platform.
The third step requires that you complete a questionnaire and verify your identity. Fourthly, you’ll be required to upload a copy of your ID and proof of residence.
There is every reason why a trader should select Naga as their trading platform. Naga offers variable spreads with zero commission on assets. The platform charges the smallest fee of €0.50 on copied trades and a 5% commission on profits exceeding €5. Also, it allows retail clients to enjoy leverages ranging from 1:1 to 1:30. However, professional traders can enjoy as much as 1:200 leverage.