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According to the sentence, forex comes from the word Foreign Exchange, also known as foreign exchange currency. Forex trading means foreign exchange trading. Unlike the Money Changer which has limited working hours and only serves certain currencies to be exchanged for local currency, doing forex trading means being part of currency exchange globally. Broadly speaking, there are 4 highly influential forex market sessions in the world, namely the Sydney (Australia) Session, Tokyo (Asia) Session, Londo (Europe) Session, and New York (American) Session. If you miss opening a position in 1 session, then there is still a chance to make a profit in other sessions. Through forex trading, we will meet currency pairs such as EUR (Euro)/USD (US Dollar), USD (US Dollar)/JPY (Japanese Yen), and so on. Currency pairs that are often used in forex trading are often referred to as major pairs. They are chosen because the price movements are easily analyzed, and have a favorable range in certain trading sessions.
When making transactions in Money Changer, we will get money converted according to the prevailing exchange rate. For example, we bring cash in the amount of 1,500,000 Rupiah to be exchanged to US Dollars. When the exchange rate buys at 15000, we can take home 100 Dollars. After getting to know forex trading based on its literal meaning, now we must understand that forex trading is an investment instrument. The word investment instrument must be emphasized, because in forex trading, we will work as investors. Rationally, we will only make an investment after fully understanding how it is possible to profit and recognize the trading risks that are emphasized. At present, there are a lot of frauds under the guise of forex investment. These frauds usually target beginners who are interested in getting to know forex trading, because they are tempted by the unlimited profits promised in the forex world. Basically, investment activities always have risks that are commensurate with the possibility of profit. So, if there is a promise of 100% profit or free forex trading, do not be easily provoked because it is only a mainstay sentence of fraudsters who want to take away your money.
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