Forex or FX for short ( often referred to in Indonesian currency - exchange foreign currency ) is an abbreviation of Foreign Exchange , which is a mechanism of exchange of the currency of a different currency to another currency . This forex activity occurring since time immemorial , where the demand for foreign currency needed for foreign trade activities in the form of export - send the goods out of the country , then the payment in the form of foreign currency and import , purchase goods using foreign currency . Currency exchange operation has been done long ago , but has not been commercialized as it is today .
Historically , Forex or foreign exchange activities conducted by central banks in countries around the world , and its activities are not conducted as free as it is today. Trade forex (foreign exchange ) or forex ( foreign exchange ) is carried out for 24 hours a day , 5 days a week and rotating in markets around the world . Even trading activity is not only accessible by the Bank as a major investor , but also individuals who want to try to benefit from forex market mechanism .
Foreign currency trading market starting from 05.00 Monday in New Zealand and Australia , then proceed to the Japanese market and Singapore at 07.00 , and then to the European markets ( Germany and Britain ) began at 13.00 and ended at 20.00 to the U.S. market is complete and then circle back to the beginning of the cycle , ranging from New Zealand back for 5 days a week . On Saturday and Sunday ( weekend - weekend ) off the market in general . Holidays sometimes also occurs when a country experiences a national holiday .
Forex trading at the present time is very easy . Only by using a computer and internet connection , even with the use of mobile phones ( PDA ) you are able to join and try to trade forex on the internet and see the fluctuation of currency price fluctuations around the world , as well as benefit from the difference between buy and sell prices . Forex transactions can also be done offline through banks .
What is the purpose of the transaction Forex / FX ?
It is definitely an advantage. However , the purpose of the existing Forex or foreign currency 2 . ie get the advantage of the difference in the purchase price and the selling price . A simple example , suppose you buy a USD $ 100 at the price of 10,000 dollars perdolarnya , then you need the money about 1,000,000 dollars . Well , when the next day the price of dollars rose to 10,500 , then your profit is the difference in price multiplied by the amount of currency that you buy , that is equal to : 500 x 100 = 50,000 rupiah . Well , if you go down how? if you go down , you have the right not to sell first , and wait until the price goes up again and then sold for profit .
The good news , Forex has a two -way mechanism , you can buy and you can sell . Well , how come? For purchasing mechanism , you can read above , but for selling mechanism , usually a trader borrowing first, then bought back if the price drops . examples : for example, the current price is 10,000 USD dollars . you sell the USD $ 100 , with a signed contract means that you pay back the $ 100 that within a specified period . nah , you have earned the money of one million dollars for the sale of 100 doalr it . If the next day the price of USD into 9500 , then you immediately buy again later returned to the borrower at 100 dollars . and you get the advantage of 500 x 100 = 50,000 rupiah .
The second advantage is that you can get the interest or the interest rate differential or swap . the difference is sometimes favorable interest but sometimes harmful . If the difference between high interest rates , you can benefit . however, if the difference of minus interest , you will be charged interest .
What is leverage / leverage ?
Leverage or leverage is the ability to purchase a number of instruments ( in this case the foreign currency or foreign currency ) with a smaller money . Easily , eg 1:100 denominated EUR / USD means with 1 USD you could buy another 100 EURO currency . leveraga can be varied depending on the broker you use. There were 1:100 , 1:200 , 1:500 and some even .
The difference between trading currency ( forex ) traditionally and online lies in the leverage . For example, if the dollar exchange rate at the moment is 10,000 dollars , and you will buy as much as 100 dollars , then you need the money as much as 100x10000 = 1.000.000 dollars . But if there is leverage , 100 USD can only be purchased with one dollar .
Well , so what's the difference of leverage with leverage ( traditional trade ) ?
The difference is the used margin . If you buy a traditional , if prices go down , then you can resist not to sell the currency . Another case with online trading , you need a margin ( funds ) to hold the price movements .
So which is the most profitable ?
Both have their respective advantages . with traditional trade , you get the physical form of currency that can be taken and it can be redeemed and may be detained in the event of price changes . Trade forex online trading also has advantages , namely leverage earlier . 2,000,000 suppose you have money and you will buy the dollar at an exchange rate of 10,000 , with traditional trading , you can only buy as much as 200 dollars . with 1:100 leverage , with 2,000,000 the same money , you can buy as many as 20,000 dollars ( 2,000,000 : 10,000 x 100 = 20000 ) . If the next day the price goes up to 10,500 then the calculation of the benefits are :
- For traditional perdangaan at : 200 x 10500 = 2,100,000 or 100,000 dollars or in percent of : 100.000/2.000.000 x100 % = 5 %
- To trade with leverage : 20000 x10500 = 210,000,000 or equivalent to 208 million or in percent of 208.000.000/2.000.000 x 100 % = 10400 %
With a number of very significant difference , then a lot of people opt for online forex trading forex trading compared to traditional .
I want to start , what should I do ?
First of all , do not rush . Forex is not a game as you might imagine . This is not a game options to rich in a short time , because there is no way to enrich you in a short time . To get huge profits , the greater the required capital , with patience , perseverance and unyielding attitude to keep learning .
JN Club advise you to try to trade ( practice ) first. There is an online forex broker that you can use to learn . They provide virtual money ( not real money ) for you who want to try forex trading . Please use virtual money to trade first, then use real money if you 're feeling able to trade live . If you feel you are able to trade forex , please begin to trade in a relatively small amount , for example $ 100 , $ 200 , and so on . To join the Club Forex JN Club please follow the guide on the next page . or Click here to read and download other Forex Tutorial
Historically , Forex or foreign exchange activities conducted by central banks in countries around the world , and its activities are not conducted as free as it is today. Trade forex (foreign exchange ) or forex ( foreign exchange ) is carried out for 24 hours a day , 5 days a week and rotating in markets around the world . Even trading activity is not only accessible by the Bank as a major investor , but also individuals who want to try to benefit from forex market mechanism .
Foreign currency trading market starting from 05.00 Monday in New Zealand and Australia , then proceed to the Japanese market and Singapore at 07.00 , and then to the European markets ( Germany and Britain ) began at 13.00 and ended at 20.00 to the U.S. market is complete and then circle back to the beginning of the cycle , ranging from New Zealand back for 5 days a week . On Saturday and Sunday ( weekend - weekend ) off the market in general . Holidays sometimes also occurs when a country experiences a national holiday .
Forex trading at the present time is very easy . Only by using a computer and internet connection , even with the use of mobile phones ( PDA ) you are able to join and try to trade forex on the internet and see the fluctuation of currency price fluctuations around the world , as well as benefit from the difference between buy and sell prices . Forex transactions can also be done offline through banks .
What is the purpose of the transaction Forex / FX ?
It is definitely an advantage. However , the purpose of the existing Forex or foreign currency 2 . ie get the advantage of the difference in the purchase price and the selling price . A simple example , suppose you buy a USD $ 100 at the price of 10,000 dollars perdolarnya , then you need the money about 1,000,000 dollars . Well , when the next day the price of dollars rose to 10,500 , then your profit is the difference in price multiplied by the amount of currency that you buy , that is equal to : 500 x 100 = 50,000 rupiah . Well , if you go down how? if you go down , you have the right not to sell first , and wait until the price goes up again and then sold for profit .
The good news , Forex has a two -way mechanism , you can buy and you can sell . Well , how come? For purchasing mechanism , you can read above , but for selling mechanism , usually a trader borrowing first, then bought back if the price drops . examples : for example, the current price is 10,000 USD dollars . you sell the USD $ 100 , with a signed contract means that you pay back the $ 100 that within a specified period . nah , you have earned the money of one million dollars for the sale of 100 doalr it . If the next day the price of USD into 9500 , then you immediately buy again later returned to the borrower at 100 dollars . and you get the advantage of 500 x 100 = 50,000 rupiah .
The second advantage is that you can get the interest or the interest rate differential or swap . the difference is sometimes favorable interest but sometimes harmful . If the difference between high interest rates , you can benefit . however, if the difference of minus interest , you will be charged interest .
What is leverage / leverage ?
Leverage or leverage is the ability to purchase a number of instruments ( in this case the foreign currency or foreign currency ) with a smaller money . Easily , eg 1:100 denominated EUR / USD means with 1 USD you could buy another 100 EURO currency . leveraga can be varied depending on the broker you use. There were 1:100 , 1:200 , 1:500 and some even .
The difference between trading currency ( forex ) traditionally and online lies in the leverage . For example, if the dollar exchange rate at the moment is 10,000 dollars , and you will buy as much as 100 dollars , then you need the money as much as 100x10000 = 1.000.000 dollars . But if there is leverage , 100 USD can only be purchased with one dollar .
Well , so what's the difference of leverage with leverage ( traditional trade ) ?
The difference is the used margin . If you buy a traditional , if prices go down , then you can resist not to sell the currency . Another case with online trading , you need a margin ( funds ) to hold the price movements .
So which is the most profitable ?
Both have their respective advantages . with traditional trade , you get the physical form of currency that can be taken and it can be redeemed and may be detained in the event of price changes . Trade forex online trading also has advantages , namely leverage earlier . 2,000,000 suppose you have money and you will buy the dollar at an exchange rate of 10,000 , with traditional trading , you can only buy as much as 200 dollars . with 1:100 leverage , with 2,000,000 the same money , you can buy as many as 20,000 dollars ( 2,000,000 : 10,000 x 100 = 20000 ) . If the next day the price goes up to 10,500 then the calculation of the benefits are :
- For traditional perdangaan at : 200 x 10500 = 2,100,000 or 100,000 dollars or in percent of : 100.000/2.000.000 x100 % = 5 %
- To trade with leverage : 20000 x10500 = 210,000,000 or equivalent to 208 million or in percent of 208.000.000/2.000.000 x 100 % = 10400 %
With a number of very significant difference , then a lot of people opt for online forex trading forex trading compared to traditional .
I want to start , what should I do ?
First of all , do not rush . Forex is not a game as you might imagine . This is not a game options to rich in a short time , because there is no way to enrich you in a short time . To get huge profits , the greater the required capital , with patience , perseverance and unyielding attitude to keep learning .
JN Club advise you to try to trade ( practice ) first. There is an online forex broker that you can use to learn . They provide virtual money ( not real money ) for you who want to try forex trading . Please use virtual money to trade first, then use real money if you 're feeling able to trade live . If you feel you are able to trade forex , please begin to trade in a relatively small amount , for example $ 100 , $ 200 , and so on . To join the Club Forex JN Club please follow the guide on the next page . or Click here to read and download other Forex Tutorial
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