FOREX SESSION

2. Forex Trading

Forex trading can be described when we go to a money changer and the Rupiah exchange we have with foreign currency. For example, when the applicable exchange rate USD / IDR 9000 and we buy 10 U.S. Dollar with the pay of Rp90.000, -. The next day was applicable exchange rate USD / IDR 9200, at the time we sell 10 U.S. Dollar we have and get as much as Rp92.000, -. This means we have the advantage Rp2.000,-.

In principle the forex trading same as trading in general, which is to distinguish objects on the trade that are common form of goods or services, but in forex trading is sold foreign currency.

Forex transactions are only two basic types of transactions, the Buy or Sell. Sample cases:

Buy EUR / USD 1.5000	Means	we buy 1 Euro with the release 1.5 U.S. Dollar
Sell EUR/USD 1.5000	Means	we sell 1 Euro for a 1.5 U.S. Dollar
Buy GBP/USD 2.0000	Means	we buy 1 Sterling with the release 2 U.S. Dollar
Sell GBP/USD 2.0000	Means	we sell 1 Sterling to get 2 U.S. Dollar
Buy USD/JPY 100	Means	that we buy 1 U.S. Dollar to release 100 Yen
Sell USD/JPY 100	Means	we sell 1 U.S. Dollar to get 100 Yen

Foreign Currency trading is the world's largest followed by the perpetrators of the market, are:
» Government
» Company
» Financial Institutions
» The Broker
» Bank
» Business
» Society

With advances in technology, at this time anyone can make forex trading because trading is valid for 24 hours. That, we are located in Indonesia can also do so by using the internet freely. The things that have to be prepared if we want to do forex trading is a set of computer that can access the Internet and transaction foreign exchange program.

(To be Continued…)