The foreign exchange market has several nicknames including Forex , FX and the Forex market . Despite having different terms , but overall this term is merely an abbreviation of the market participants . The name over the activities of buying and selling in the forex market is the foreign exchange . Forex we know it today , emerged in the seventies . At that time, the exchange rate was introduced and only the free market can determine the members of the exchange rate of a currency against other currencies is based on observations of supply and demand . Forex is the only market the most financially independent and not easily controlled by outsiders or third parties . Forex is a market of free competition .With a daily turnover value of trillions of dollars or even triple the amount of capital and deposits throughout the American financial markets , making none of the parties able to control the forex . Tremendous turnover because buyers and sellers conduct foreign exchange business using the means of communication that is very varied .
The uniqueness of the different forex financial market , forex is not having a centralized office . Therefore , this market can be continuously operated for 24 hours a day , moving from one time zone to another time zone , and crossed to each of the largest financial center in the entire world every day . Based on current information value of foreign exchange transactions each day carrying up to trillions of dollars . From 1997 until the end of 2000 , daily forex trading volume surged from about 5 billion USD to 1.5 billion USD even more ( recent research shows that has touched the figure of 1.7 billion USD every day and beat all other trading markets both in size and volume ) . This condition is a proof that the forex market is the most potential market worldwide will continue to grow indefinitely .
Before the era of the Internet and the sophistication of electronic commerce booming, used only large companies and multi- national banks , as well as the rich people who become actors in the currency market or forex trading system through the company's bank . Requirement to open an account with the old system required a very large fund that reached $ 1 million . Thanks to advances in online technology today, investors have access to the Forex 24 hours a day and about 5 days a week just a few thousand dollars only.
Forex is a market that is always online 24 hours where currencies of different countries are traded through the forex broker . As a result of this transaction when a variety of foreign currencies traded in both local and global markets continuously and simultaneously , of course at the same time also the traders add and subtract the value of investments refers to the movement of the forex market . Forex conditions can change at any time in response to real events of a story that economics is also synonymous with the forex market vulnerable to risk . Forex conditions are never the same , always changing in seconds .
Forex exceeds the combined operational stock exchanges of New York , London , and Japan . Based on the size and scope , Forex many times larger than all of the existing market . Statistics show that the spot transaction ( purchase or sale of foreign currency time delivery / settlement made within two working days ) and outright transactions ( buying and selling money market securitie
For those traders, forex is the best alternative option other than the stock exchange. If you jump in the stock exchange, you have to be more selective in choosing a stock instrument for reaching thousands of stock shares. In forex, trading is limited to only a few major currencies (the most popular is the Dollar, Yen, British Pound, Swiss Franc, and the Euro). But do not rule out the possibility of the brokers continue to add products, such as the currency of other countries. This is because business competition. Forex also provide greater leverage than stock trading, and the minimum investment is also much lower. Moreover, Forex trading hours are also more easily adapted (Forex run for 24 hours a day) and now you know the reason why so many stock traders have flocked to switch to currency trading.
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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