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Instruments

MogaFX offers a wide range of instruments in our portfolio to suit all traders.
With more than 60+ different instruments on our trading platform, you can access a wide variety of markets, including forex, indices, commodities, CFDs, and Crypto.

Forex

Trade on one of the world’s most liquid market with a proficient and transparent flow of trades between buyers and sellers within seconds and with no re-quotes. Choose from all currency pairs while enjoying high execution, flexible leverage and cutting-edge trading infrastructure.

Advantages of Trading Forex

24h-Market

Trade whenever it suits you, follow your own schedule and trade in the morning, at noon, or at night.

Trade Highs and Lows

Consist of two popular currencies, but not include the US dollar. The most common crosses include Euro, Yen and British.

No Commission or Transaction Costs

With most of the business commission being free, the intrinsic cost of trading is far lower and advantageous than in other assets.

High Volume and Liquidity

A market that is still expanding day by day, with a daily average volume exceeding to USD 3.2 trillion now.

Leverage

You do not need huge amount of money to trade with huge amount of currency.

Narrow Spreads

With great technology, the low spreads have made forex market available to almost everyone.

Trading in the FX market with MogaFX

MogaFX offers a wide range of currency pairs to trade on with competitive spreads and zero comission.
Trade on majors, crosses and exotic pairs.

What is Forex trading?

Forex trading (FX) refers to trading in one currency against another to make a profit.

Currency pairs

Currencies are traded in pairs. There are 3 different types of currency pairs: the most traded pairs of currencies in the world are called Majors. They make up the largest share of the FX market. Crosses consist of two popular currencies, but do not include the US dollar. The most common crosses include the Euro, Yen and the British Pound. Exotic Pairs consist of one major currency and one emerging-market economy currency.

Majors

The most traded pairs of currencies in the world are called the Majors. They constitute the largest share of the foreign exchange market.

Crosses

Consist of two popular currencies, but do not include the US dollar. The most common crosses include Euro, Yen and British.

Exotic Pairs

Consist of one major currency and one currency, representing the developing (Brazil,Mexico, India etc.) or small (Sweden, Norway etc.) economy.

Exchange Rate

The exchange rate for a currency pair is the amount of the specified currency that you can buy for 1 unit of the base currency.
For example, the most common and most traded currency pair is EURUSD. When looking at the exchange rate for EURUSD, you want to find out how many US dollars (the specified currency) you can buy for 1 euro (the base currency). If the exchange rate of the EURUSD currency pair is 1.3278, it means that for every 1 € you can buy $ 1,3278.

When the Exchange Rate Changes

If the exchange rate rises, it means that the base currency is strengthened compared to the specified currency. If the exchange rate goes down, it means that the specified currency is strengthened compared to the base currency.

What Affects the Foreign Exchange Market?

Various factors affect exchange rates in the FX market, such as political and economic stability, as well as economic policy in different countries, but since currency transactions are immediate, speculation mainly affects price changes in the market.
If traders speculate that a currency will strengthen or weaken due to a specified reason or event, they will trade and change the price of the market, as supply and demand for the currency will change within the market. The more people who believe that a certain trend will happen, the greater the effect it will have on market prices.

What Do I Do when I Trade Currency?

When you trade currency, you always trade a currency pair, i.e. you sell or buy one currency against another. For example, if you speculate that the Australian Dollar (AUD) will strengthen against the US dollar, you should buy the currency pair AUDUSD. If you instead speculate that the US dollar will be the stronger one, you sell the currency pair. You can always take a position in the direction you assume the market is moving.
This increases your trading opportunities.

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Start Trading?