Jurnal forex new

FOREX (Foreign Exchange) or better known as foreign exchange (FX) is a type of trade/trade transaction currency of a country against the currencies of other countries involving major financial markets in the world for 24 hours continuously (starting from Monday morning until 4 pk with Saturdays 4 am EDT 5/GMT + 7)

According to the survey BIS (Bank International for Settlement of the central banks of the world), conducted at the end of 2004, the forex market transaction value reached more than USD $ 1.4 billion per day. And in 2006, the forex market transaction value has exceeded USD $ 2 billion per day. Thus, the prospect of investment in forex trading is very nice, the forex is also very difficult to be able to price movements being played by certain circles because of the enormous cycle all its.

Given the level of liquidity and accelerating the movement of such high prices, FOREX has also become the most popular alternative because of the ROI (Return On Investment or the return value of the investments we have been planting) and the profit to be gained can exceed the average trading in General (usually the average return over 5%-20% per month, even can reach more than 100% per month for professional traders). A result of rapid movement, then FOREX is also at high risk if you do not have enough knowledge and risk management arrangements well.

What is traded on Forex?

The answer is currency. In Forex Trading is to buy & sell the currency of one currency against another. And typically use a common currency in the world such as USD, EUR, GBP, JPY, CHF, AUD, etc.

Example:-BUY GBP/USD meaning that buying currencies pound sterling and USDollar-currency sell BUY USD/JPY which means buying and selling the USDollar denominated currency of Japan Yen-SELL GBP/JPY which means selling currencies pound sterling and buying currencies Japan Yen

Exchange rate movements in Forex rates called the Point or commonly known with the Pip.

Example: the movement of Currencies USD/JPY from 117.94 118.00 to mean moving a 6 pip movement of Currencies GBP/USD from 1.9030 to 1.9120 means moving by 90 pips

How does Forex?

NEXT >>