FOREX REVIEW

Trading Forex (Foreign Exchange) or better known as the Forex (Foreign Exchange) is a type of trade transaction currency (currency) of a country's currency (the currency) other countries. With an average daily volume of U.S. $ 2 trillion, the Forex Market 46 times greater than all the combined market share and is therefore called the most liquid market in the world. Forex Market is a market that is open for 24 hours continuously.

A rough idea of ​​forex trading?

bejo want jalan2 to America, he bought the dollar $ into money changer in Indonesia for snacks there, which ngejual the Udin, bejo time purchase price of the dollar against Indonesia $ 1 = 9000,
a week later the bejo behind, by chance there are still remaining dollars, he want to convert the dollar to the rupiah again, of course he's into the udin again, hoho, well fitting would sell his prices so $ 1 = 9100, nahloh, so fortunately it tuh the bejo, hoho. .

from the footage above, the core of the forex is a foreign currency exchange. .
buy low sell principally in the high, or selling ditinggi buy in low. .

but the above is only an illustration, the workings of forex, well, to go direct, online forex currency trading using only high tinggkat volatilitinya. .

Currency (Currency) is always a pair or pairs for every forex transactions means you buy one currency and simultaneously selling another currency. For example rate / exchange rate for the pair GPB / USD is the GPB / USD = 1.8500, meaning that 1 pound is $ 1.85 USD.

Cross Rate is a currency pair (pair) that do not contain the official currency of a country where the currency is traded, such as foreign exchange transactions conducted in the U.S. (the official currency is USD). This means that the currency pair that does not contain the USD is the cross rate of USD. An example is the GBP / JPY, EUR / GBP, etc.. Pairs that do not involve USD and EUR are called euro involves cross like EUR / GBP.

Currency Pair (Pair) consists of two different currencies quote. Currencies are located on the left is the base currency. for example on GBP / USD then called base currecy GBP. While the USD is the quote currency or counter currency.

An example is the quote EUR / USD 1.2500, where as a base currecy EUR and USD as the quote currency. This means that USD 1 is worth U.S. $ 1.25.

If the quote moves from EUR / USD 1.2500 to EUR / USD 1.2510, the euro gained and weakened U.S. dollar. Vice versa if the quote moves from EUR / USD 1.2500 to EUR / USD 1.2490, the euro weakened and the U.S. dollar higher

When you BUY EUR / USD will mean you buy the base currency (EUR) and at the same time selling the quote currency (USD). If you SELL EUR / USD will mean you sell the base currency (EUR) and at the same time buying the quote currency (USD).

Buy EUR / USD -> Buy EUR / Sell USD
Sell ​​EUR / USD -> Sell EUR / Buy USD

Another example:

Pair EUR / USD:
For the prediction of EUR strengthened against the USD, you can BUY EUR / USD
For the prediction USD strengthened against the EUR, you can SELL EUR / USD

Pair USD / JPY:
For the prediction USD strengthened against the USD, you can do a BUY USD / JPY
For the prediction USD strengthened against the USD, you can SELL USD / JPY

Major Currencies
Major currencies that are common and are often traded in the world are:

State Symbols Currencies
USD United States Dollars
EUR Euro members Euro
GBP Great Britain Pound
JPY Japan Yen
CHF Switzerland Franc
CAD Canada Dollar
AUD Australian Dollar

In order to make trades you must register with one of the online forex trading broker. .