Basics

Forex or Foreign Exchange is a transaction that occurs by buying and selling foreign currencies, to get a profit by predicting whether the exchange rate will go up or down. Forex trading is a financial product whose transaction method is very practical compared to conventional products such as foreign currency deposits and foreign currency mutual funds (MMF). By guaranteeing a sum of money called Margin, we can trade with a small amount of money, with the prevailing rate that experiences movement for 24 hours.

Forex transactions

Forex trading in a transparent manner is a transaction by exchanging 2 currencies. For example, the Euro (EUR) is exchanged for US Dollar (USD), mentioned by "Buy USD" or "Sell EUR". Rate when exchanging the currency (Exchange Ratio), always changes depending on various factors such as economic and political conditions in the country, interest rates and trade balance, as well as the condition of the world and conflicts that occur in the world. The value of the Rupiah (IDR) goes up or down, the value of the US Dollar (USD) drops or rises, the value of foreign exchange is determined based on the currency rates of the two countries at the time of the exchange.