What is Forex Trading
Forex Trading is the trading of currencies of different countries with each other. Forex is an abbreviation of Foreign Exchange (currency Exchange). An example of forex trading is to buy the Euro (European currency), while simultaneously selling USD (U.s. currency), it can be abbreviated as EUR/USD.
The Forex Market
Unlike in traditional markets, because here is the currency traded yg then its market (where the traders/market participants do the selling) is called with the forex market. Whoever this forex market? very diverse: can the bank (main), large corporations, countries, institutions, speculators, etc.
Remember the culprit and skope global/world, market/forex trading it looks to be very interesting, why? Because it makes the forex market the most money market becomes large (4T $/Hari), and very illiquid (can buy and sell with the rate as in the market regardless of the amount). Plus, this makes the forex market is open 24 non stop, so we can trade at any time, we customize with our spare time.
Unlike traditional markets, the forex market has no physical location in particular, almost a majority now done through a network of electronic perdaganan. So the transaction process can happen quickly and in great abundance as well. With the development of internet technology (electronics) it will be very easy for individuals new to trading forex online.
The Purpose Of Forex Trading
Market conditions and prices in forex market moves with very dynamic, can change rapidly, in response to events the events be it economic, political, war, disaster, etc. Especially for countries with advanced economies and there is a little bit strong, sensitive information, then the price of its currency could move up and down.
It by the trader was seen as a chance and opportunity to do trading. So in a simple forex trading goal is to earn a profit or the profit of magnitude.
Forex Trading Opportunities
The Internet has made an awful lot of revolution in world trade, including also very strong influence in the world of forex trading. With the internet, and now forex can be done by anyone. If it used to only be done by big players only (banks, State, institution) does not now, with more and more popping up online and retail forex broker, you and I can online forex trading easily and with little capital. Even to try trading with simulation is also very easy with trading facility with a demo account of the broker.
Forex Risk
Forex is like a double-edged sword. With forex can make us quickly became rich, but the reverse is in an instant can also mengikikis out our capital. Whether you consider a forex investment or as an ordinary trade forex, which obviously has a high risk factor of yg. So to understand the true risk in forex and not to misstep.
Conclusion
- Forex trade specific currencies.
- Forex currency market is the largest and most liquid in the world.
- Forex can be done anytime, 24 hours a day Monday until Friday
-Then to the Asian market namely Japan, Hong Kong, Singapore & 07.00-16.00 wib
-Then to European markets namely Germany & United Kingdom 13.00-22.00 pm
-Up to the American market 20.00-05.00 (the next day).
- With recent developments (Internet) then forex trading can be done online (anywhere).
- Fast Forex can make you rich or poor.
- Because of the risk of these large yg, you have to be wise and understood fully before you decide on forex falls within.
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