FOREX SESSION

ONLINE FOREX TRADING USING MARKETIVA STREAMSTER

1. Introducing Forex

Whether the Forex? Forex is short of Foreign Exchange, the trading of foreign currency, or more familiar with the terms of foreign currency. Each country has a currency. That’s currency of each country's trade with one another every day.

Sold in the forex currency pair is the one country currency with the other countries. For example, USD / IDR pair namely U.S. Dollar (U.S. currency) & Rupiah (Indonesian currency). Usually, forex trading is the basis for U.S. Dollar. In the example above, for example the case of the exchange rate USD / IDR is 10.000, meaning to buy U.S. $ 1 we must pay Rp10.000,-.

Currency that are popular are:

- GBP: Pounds Sterling (UK currency)
- EUR: Euro (European currency)
- AUD: Aussie Dollar (Australian currency)
- CHF: Swiss Franc (currency Switzerland)
- JPY: Yen (Japanese currency)
- USD: U.S. Dollar (U.S. currency)

As has been described previously, the currency be in the form of a pair. There are three kinds of currency pairs:
- Direct: EUR / USD, GBP / USD, and more.
- Indirect: USD / JPY, USD / CHF, and more.
- Cross Rate: GBP / JPY, EUR / CHF, and more.

Each pair of the above principles are the same, namely to buy or sell a currency in the currency of spouses. Although the same principle but have differences in the calculation of the transaction.

(To be Continued…)