NAGA Markets: best Forex broker for beginners
NAGA Markets is an international social network, an investment and trading platform that allows traders of any level to enter various financial markets, as well as work with different Cryptocurrencies. The broker offers more than 1000 instruments and assets, including currency pairs, CFDs on stocks, indices, commodities, and ETFs.
As a NAGA user, you can open two types of accounts: a demo account with a virtual balance of $10000 to try out trading strategies without losing your deposit, and a real (real money) account.
NAGA offers its clients access to markets using the web version of the NAGA terminal, a mobile version for iOS and Android, as well as MT4 and MT5 terminals widely known in the trading environment.
Besides, it has additional useful trading tools and educational materials to make transactions safer for both beginners and professionals. In this article, we will take a closer look at what special opportunities NAGA Markets provides for new market participants who do not have much experience but still want to start their career in trading as comfortably and efficiently as possible.
Open NAGA Markets demo account
Many beginners, without much experience, are afraid of losing real money when they enter the Forex and CFD markets. Nevertheless, traders are eager to try trading certain instruments and test their first strategies. Meeting the needs of newbies, NAGA provides a free demo account with a balance of 10000 US dollars to create their first virtual portfolio, try various risk management tools and immerse themselves in the market conditions as close as possible to the real world of trading.
Opening a NAGA demo account is quite simple and takes only a couple of minutes. To do this, you need to go to the broker’s website and go to the registration button in the upper right corner to find the demo account registration form. Then fill out the account registration form, selecting your country of residence and phone number, as well as additional information required by the broker. After completing the registration process, you can create a demo account by clicking “Open Demo Account”.
In the demo account, you will have access to over 1000 assets trading on MT4 and 5 and Webtrader platforms.
Beginners will also benefit from educational materials, including various video tutorials.
A distinctive feature of NAGA is also Copy Trading with a special auto-copy function available in the demo account as well. NAGA auto-copy allows you to automatically copy the top traders on the platform and learn from their experience.
Once you have gained experience and are ready to trade, you will be able to switch to a live account by providing proof of identity and proof of your place of residence on the broker’s website.
When your account is verified, you will be able to make a minimum NAGA trader deposit to start deals, while a demo account will also be available should you wish to practice new strategies.
Overall, the main benefits of a NAGA demo account include:
- unlimited use;
- free opening;
- easy process of registration;
- $10000 virtual currency;
- convenient and fast switching to a real account.
Copy Top traders with NAGA
Novice traders usually have little practice in selling and buying various assets, but they want to make transactions with minimal risks and the most favorable outcome for them. Besides, many traders do not always have a lot of time to analyze the markets and their trends. NAGA takes into account these factors and offers Copy trading, the essence of which is simple – you select the trader whom you want to auto-copy, enter the amount of funds you want to allocate, and mirror his trades in your proportions. Traders can also close any individual trades or pause the auto-copy of any trade. Also, participants can set stop-loss and take-profit according to their values.
Therefore, Copy trading from Naga has a number of advantages:
- Low initial requirements in knowledge and experience, as well as in start-up capital. Since Copy trading is automated, it takes a little time: you can trade and learn the basics of the market at the same time, chat with the trader whose signals you are copying.
- Full control over transactions. You can choose the amount and number of transactions, direct or reverse copying, and time ranges, as well as disable copying at any stage and bring transactions to close on your own.
- The ability to copy trades of several traders at the same time. This allows you to diversify risks.
Trade 1000+ instruments with NAGA
For Forex trading beginners, it is important not only to freely choose the most understandable instruments for them but also to diversify their portfolio by gradually mastering new markets.
NAGA offers 1000+ instruments and assets for you to choose from and trade. This list includes Forex, real stocks (not CFDs), indices, commodities, futures, and ETFs. So for example you can start with the most common FX currency pairs such as EUR/USD, EUR/GBP, and GBP/USD and then pick up minors or exotic combinations, or trade the most popular stocks such as TSLA, AMZN, GOOGL, and many others with low commissions and tight spreads across all assets. For those who want to upgrade their portfolio, there are also many indices such as DAX, S&P 500, and NAS100, as well as Cryptocurrency, commodities, futures, and ETFs. Therefore, every trader, both a novice and an experienced speculator, will be able to find for himself those assets and markets where he can make a go of it.
NAGA educational materials for market newbies
In order to be the perfect choice for newcomers to the market, NAGA has its own academy where clients can find a variety of educational materials such as:
- articles on the current situation and fundamental analysis;
- video on Forex basics, technical analysis, and trading education;
- NAGA web trader tutorials, which collected materials on the platform’s tools;
- webinars from the best experts in the field;
- eBooks on the basics of trading.
Many materials are available to everyone for free. It will be of great help whether you are a beginner or have a lot of experience in trading.
NAGA advanced trading tools for beginners
The company’s website also contains several additional tools that will be useful for both beginners and professionals, such as a trading calculator, economic calendar, earnings calendar, and NAGA price alerts.
The trading calculator allows you to calculate the margin, pip value, and swaps for the instruments you are trading based on position size and leverage. To make a calculation, you just need to enter the currency pair, account currency, leverage for your account, and position size.
The economic calendar will help you keep up to date with important news and market trends in order to strategize with upcoming economic publications and events from around the world. Also, with the earnings calendar, you can see when companies are preparing their earnings report.
In addition, with NAGA Price Alerts, traders can be notified when prices go up or down so they don’t miss the best entry or exit points.
NAGA Markets platforms for desktop, web, and mobile versions
NAGA offers its clients trading using the web version of the NAGA terminal, the mobile version for iOS and Android, and the MT4 and MT5 terminals, widely known in the trading environment.
Trading with NAGA on MT4 allows you to pick up different trading instruments as well as replicate your trading activity which syncs with your NAGA profile. The MT4 terminal has:
- customizable interface;
- 30 technical indicators;
- 31 graphic objects;
- 4 types of pending orders;
- 3 types of order execution.
Trading with NAGA on MT5 allows you to choose a wider range of instruments, including real stocks, and also has such features as:
- transfer of funds between accounts;
- 38 technical objects;
- 44 graphic objects;
- 6 types of pending orders;
- 4 types of order execution.
With NAGA’s web trading app, you don’t need to download anything and you can enjoy all the features of NAGA, from automatic copying to setting up price alerts right in your browser. In addition, by downloading applications for iOS and Android, you will not be tied to a computer and will be able to make transactions on the go.
NAGA regulation and license
NAGA Markets maintains transparency in its transactions as it is regulated by the Cyprus Securities and Exchange Commission. The company also holds a CySEC cross-border license to provide investment and support services.
In addition, NAGA complies with EU and local regulations such as the European Markets in Financial Instruments Directive II (“MiFID II”), the Markets in Financial Instruments Regulation (“MiFIR”), and the Cyprus Law on Investment Services and Activities and Regulated Markets of 2017.
NAGA Markets — the ideal broker for the first-time trader
NAGA is an international brokerage company with the ability not only to choose from over a thousand trading assets but also with a unique Social trading option from which market newbies can copy the transactions of professional participants and learn from their experience.
One can get started with trading on a free demo account using 10000 US dollars as a virtual balance and a lot of educational materials to fill in knowledge gaps. Once a trader is confident in his abilities, he can switch to a real account and choose any of the provided desktop, web, or mobile platforms.
In addition, the NAGA website provides various trading tools and alerts to make trading more efficient and safer. Try trading with NAGA and check out all the possibilities of Copy trading using our special button below.
- Social trading with NAGA: a way into traders’ network
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- Popular Forex trading terminals: MT4, MT5, and brokerage proprietary platforms
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- Forex risk management tools: automatic trading with popular market orders
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NAGA is the best choice for beginners - FAQ