F Actually, what does Forex mean? Until now, it turns out that there are still many Indonesian people who do not know the meaning of the word.
Not a few of the Indonesian people also consider Forex as an online gambling activity.
This wrong assumption makes many Indonesian people antipathy to Forex. Finally, they do not know that Forex is one of the most promising online business ideas.
For those of you who want to know more about Forex, this article will provide a review of what forex is. Starting from the definition of the word, function, and the actors in the world of Forex.
|photo forex : pixels.com/RODNAE Productions|
Forex is an abbreviation of the word Foreign Exchange. The word "Foreign" can mean foreign or foreign, while the word "Exchange" can be interpreted as an exchange.
In this case what is meant is currency exchange.
Foreign Exchange can be interpreted as an activity of exchanging foreign currencies. So, simply Forex is the activity of buying and selling the currency of a country against the currency of another country.
The Wikipedia page states that forex in Indonesian is also known by several terms, namely the Forex Market or Foreign Exchange.
Both terms have the same meaning, namely a trading activity involving 2 currencies from different countries as the object of the trade.
Even more deeply in the process of buying and selling currencies, there is a role from the main money markets around the world and takes place 24 hours a day in a row.
In its rotation, global forex or the forex market will start from :
- New York opens at 8:00 am to 4:00 pm
- Tokyo opens at 7:00 pm to 3:00 am
- Sydney opens at 5:00 pm to 1:00 am
- London opens at 3:00 am to 11:00 noon
Forex Market Functions
|Forex Market : Foto pixels.com/Burak The Weekender|
1. Simplify the Currency Exchange Process
2. To Hedging
3. To Conduct Arbitration
Participants in the Forex Market
|The players in the forex market, photo Pixels.com/Alena Darmel|
2. Business Actors
3. Central Bank
4. Investment Management Company
5. Hedge Funds
6. Forex Brokers / Brokers
7. Retail Traders
Forex Trading Is Not Gambling, Here's The Reason
|Forex Trading Is Not Gambling, photo pixels.com/Pavel Danilyuk|