Price
Trade major forex pairs with low fees
With Quivox, you can invest in more than 40 currency pairs
With Quivox, you can invest in more than 40 currency pairs
Forex (FX) market is a global electronic network for currency trading. It has no central physical location, yet the forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Most of the trading is done through banks, brokers, and financial institutions.
Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like the Euro versus the US Dollar (EUR/USD).
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Forex trading is the buying and selling of currencies on the foreign exchange market. When you trade forex online, you are counting on the value of the currency changing in your favor in the future.
There are several key factors that move the forex market: interest rates, inflation, economic stability, central banks and global events.
A micro lot is equal to 1,000 units of base currency, while a mini lot is 10,000 units of base currency. NAGA allows traders to trade mini and micro lots as well as standard lots. Not all trading platforms offer this capability.