What is Forex Trading? Learn Trading for Beginners

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Currency Trading Forex is traded from various countries. This Forex is short for foreign currency. Examples of Forex trading are the purchase of Euro (European currency), as well as selling Usd (US currency), can shorten R / Usd.

Below the average person, Forex trading is a money changer, trading and purchasing foreign exchange activity done manually through the cashier. In fact, forex trading is different from manual transactions such as money changer. Generally, a person's goal to buy and sell money in a money changer is because of the need to exchange currency to deal with in a country.

While forex trading is done online with the intent to gain profit. Understandably, Forex trading is business, investment, and even career. Online Forex Trading with the aim of getting these benefits is done through broker forex brokers.

The principle of online forex trading is essentially the same as buying and selling money in a money changer. Forex trading advantages can be obtained from the difference between the purchase price and the selling price. For example, we buy 200 USD at the exchange rate of Rp13.000 against the dollar. Rs that we spend for $ 200 is Rp2.600.000.

image source: astanatimes.com

A week later, the US dollar rose sharply until the exchange rate became Rp13.000. The merchant will sell $200 with the exchange rate this week. He can even get a profit of Rp100.000, because people who want to buy 200 must spend Rs as much as Rp1.300.000.

Well, online forex trading does everything that is not physically. It relates in cyberspace through a container called software or trading platform.

Forex Market

In contrast to traditional markets. Since trading here is the currency, then the market (where traders / market players sell) is called the Forex market. Who are the participants in the Forex market? Very diverse: it could be a multinational bank, a large corporation, a state, an institution, a speculator, etc.

Given the global scale and the actors, the Forex market is very attractive and profitable. Why? Therefore, the Forex market is the largest financial market ($ 4 trillion per day), which is very liquid (can be sold and bought at any market price). The Forex market is also open 24 hours non stop due to the time difference. Therefore, we can trade anytime according to our leisure time.

In addition, the Forex market does not have a specific physical location. This is where the trading platform functions mentioned above. The trading platform describes the state of the Forex market. The process of online forex transactions can happen quickly and in very large numbers as well.

Forex Trading Objectives

Simply stated, the purpose of Forex trading is to benefit from high and low exchange rates. Market conditions and prices in the Forex market move very dynamic, can change at any time to quickly respond to events whether economic, political, war, disaster, etc ..

Especially for countries with advanced and strong economies such as the United States or Japan, there is little sensitive information, then the price of the currency can move up and down. This is what traders see as opportunities and opportunities to trade.

Forex Trading Opportunity

The Internet has made many revolutions in the world of commerce, including in the world of foreign exchange trading. With the internet, Forex can now be traded by anyone.

In the past, foreign exchange could only be traded by big players (banks, states, institutions) only. However, now everyone can trade. You and I can trade Forex online easily and with little capital like just $ 20.

Foreign exchange rate risk

Forex is like a double-edged sword. With Forex quickly can make us become rich, but otherwise with the moment can also erode our capital. Regardless of whether your foreign exchange is considered as an investment or as a normal trading, forex obviously carries a high risk. So understand the real risks in forex and not to one step.

It is important to note

The Forex market is the largest and most liquid market in the world. Forex can be traded anytime, 24 hours a day. Monday to Friday Starting from:

1. Australian Market (Sydney) at 05.05 - 14.05 Web.
2. Then to the Asian market (Tokyo), namely Japan, Hong Kong and Singapore at 07.05 - 16.05 Web.
3. Then to the European markets Germany and England (London) at 13:05 to 22:05.
4. American Market (New York) from 20:05 to 05:05 (the next day).

With the latest developments (internet), online forex (wherever) can be traded with the help of laptops and gadgets like smart phones.

Forex can make you get rich quick or poor. Because of this great danger, you must be wise and righteous