What is Forex ?

Forex or known as the foreign exchange is one of the favorite choice for netter to work for or invest. Working means that if you are trading alone(by your self) and invest means if you take a forex fund manager/person to trade for you. Forex exchange foreign currencies in international financial markets. Forex market is the largest financial market in the world, bigger than stocks, options, and futures.

Who are doing forex transaction ?

Forex market are doing by : All of the governments in the world, major banks of the world, international companies, hedge funds, currency speculators and individuals. Thus the number of players in the forex market is causing the velocity of money becomes very fast. Transactions that occurred more than 1.9 trillion U.S. dollars every day, That makes money can be transferred from one place to another in just a few seconds. The players can do forex trading by using brokerage services (Commission house) or doby himself online via the internet.

The advantages and convenience of online forex trading?

1. Open for 5 days a week.
2. Via the Internet (online) you can make transactions whenever and wherever you are.
3. Trades almost all world currencies are common and have a high selling power.
   Example: USDollar, Yen, Euro, Franc, Pound Sterling. (EUR / USD, GBP / USD, USD / JPY, USD / CHF). and others.
4. The Liquidity is very liquid with a number of broker/dealers who play in the forex market, thus ensuring at whatever price we can execute trades, and not have to wait.
5. Commission brokerage transaction costs are relatively small, There are no transaction fees and charged only the amount of variety. And the spread(diffirence between buy/sell price) is small.
6. Two potential advantages direction (up or down). Opportunity to have profit even in the stronger currency or in the currency weakenes.
7. Margin Trading Facilities enable the purchasing power of traders investors exceeds the amount of capital owned.
8. Vary capital or initial fund, Now only with even $1 of capital we can start trading. There are even giving the initial capital for free.
9. Ability to trade with real forex and market data on virtual money(demo accounts), so there is nothing to loose on virtual account.

When we can trade forex ?

Forex trading time has several advantages compared to other financial products:
Trades can be done by 24 hours a day, and 5 day a week :

• Starting from the market new zealand & Australia hours : 05.00 - 14.00 (GMT +7)
• Then to the asia markets Japan, Hong Kong & Singapore hours : 07.00 - 16.00 (GMT +7)
• Then to the European markets Germany & UK hours : 13:00 to 22:00 (GMT +7)
• And up to the American market hours 20:30 to 10:30 PM (GMT +7)

With the long time interval, you can adjust suit you trading time with your spare time.

How to process transactions?

The purpose of online forex trading is to get profit. And you can do it all by using your computer by internet connection, in this case means you can do it everywhere like at cafes, hotels, cafes, cars, and so on. From the initial process of registration, payment or deposit, trading, until the withdrawal, all done via internet.

How much capital is needed?

The amount of capital cost is varies, its from $1 to infinity. One of the forex broker which receiving initial capital in just $1 is marketiva. And for those of you who new, you can open a virtual account where you can practice first before going into the real account.

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