Forex in Indonesia

Discussion in 'For novice traders' started by NewbieTrader, May 31, 2019.

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  1. NewbieTrader

    NewbieTrader Member

    Hi, newbies! I am a trader from Indonesia but I am traveling around the world. So I'd like to keep in touch with how forex is going on in my country. Feel free to post or discuss anything about what's going on there, or what do you want to know.
    Cheers!
     
  2. NewbieTrader

    NewbieTrader Member

    What is Forex Trading?

    Forex – the foreign exchange market – is the world's most interesting financial market. It is one of the few markets whose sheer size makes it almost impossible for any one person, institution or government to control. Unlike other Financial Security markets, Forex has no centralized market.

    Forex is the largest financial market in the world. The market is open 24 hours a day from Monday to Friday and it records trading volumes of more than $3.5 trillion per day. The massive trade volume in the Forex market – three times greater than the sum of all US financial markets combined - makes the Forex market the most liquid market in the World.

    Your trades will always be carried out immediately. In the Forex market, the transactions that are undertaken are necessary because large institutions, governments, businesses and individuals need foreign currency to buy and sell goods and service. The foreign exchange market allows fund managers, banks, companies and individuals to buy and sell foreign exchange globally.

    The market was previously an inter-bank market. It was generally conducted between large financial corporations, brokers and even governments. The market has now moved to such a state that anyone can participate. However, the market still gets its prices from the largest participants in the market, based in financial centres such as London and New York.

    Now, with a minimum deposit of just $100, you can trade. It’s surprisingly easy – you don’t need to be a trained fund manager or even have an extensive knowledge of the financial markets. Why not try a demo account to see just how easy it is?

    There are many brokers offering you the ability to trade online. When you are looking for a broker, you need to know what they can do for you. One outlet providing these services is Trader-24 – with them you will receive a free e-book to teach you how to get started, video tutorials and a designated account manager to teach you everything you need to know. O.

    https://www.expat.or.id/info/whatisforextrading.html
     
  3. Tengkorakfx

    Tengkorakfx Member

    No matter whether you're Indonesian or a foreigner, most traders in Indonesia prefer to be silent when they're successful at it, while most beginners are still struggling with losing their money in it.
     
  4. broforex

    broforex Member

    At a glance, forex trading in Indonesia only began to bloom around the 2000s. However, the real forerunner has been around for years. Forex traders may have often heard the history of forex world trading. Now, so many brokers in Indonesia from another country, they are competitive.
     
  5. liafatlouie

    liafatlouie Member

    Lots of successful Indonesian traders. I'm also amazed if there are live trading broadcasts from traders. They often share good trading techniques for beginners. I'm also a beginner trader from Indonesia :) Greetings from me, everyone :)
     
  6. broforex

    broforex Member

    Now many are starting to believe that this online trading business is very promising. Not just an investment alone, in forex trading this can be considered as their work every day. The development of forex from year to year is very surprising. Indonesia, which has become one of the countries known for its many great traders. Related to the current developments, forex is well known and accepted by Indonesian people.
     
  7. liafatlouie

    liafatlouie Member

    Previously forex was considered taboo by ordinary people here because it was considered gambling. But now people understand that forex is not gambling but can be a field of work and everyone can get into this business.
     
  8. broforex

    broforex Member

    In Indonesia, Forex Trading is More Attracted Than Stocks. That is, the world of forex trading - especially today - has been flooded with foreign brokers who offer conditions to open trading accounts very easily. Meanwhile, to open a stock account, a lot of requirements and registration documents must be provided, even though stock trading is actually lower risk than forex trading.
     
  9. liafatlouie

    liafatlouie Member

    Now a lot of that makes forex as the main income. Everything that is done consistently and correctly will give good results.
     
  10. broforex

    broforex Member


    Trading hours is 24 / 5. There is no word night or day in the world of forex trading. The market runs for 24 hours a day starting from the Asian market to European and American markets. Compare with Stocks that only open on office hours or commodity markets that are only open in the morning until noon. If you are an employee, you can trade forex trading at night and do not disturb your working hours.
     
  11. liafatlouie

    liafatlouie Member

    I agree with you, I am a worker but can get extra income in forex without interrupting work time.
     
  12. broforex

    broforex Member

    Although Forex is well known, some investors have not used foreign currencies for trading. The first time it was used was trading in the Hangseng, Kospi and Nikkei indexes, and then Forex began to enter institutionally. The first assets are Dollar Yen or Dex with less volatile movements. Some people use Forex but through overseas companies. Because it is practical, people are interested in Forex trading rather than commodities.
     
  13. liafatlouie

    liafatlouie Member

    Yes, that's right, very practical and simple. So many are interested in running this forex business.
     
  14. Tengkorakfx

    Tengkorakfx Member

    Since the government told us to work at home, I think this is the perfect opportunity to learn more about Forex Trading since we're always on our screen by now
     
  15. liafatlouie

    liafatlouie Member

    Yes, at this time there is good momentum to add to the skill of forex trading as well. But my hope is that this pandemic corona will soon end, so that life returns to normal.
     
  16. broforex

    broforex Member

    For now, Indonesa currency (IDR) is drop, so there is so hard if we want to make some deposit, I think I will wait until IDR will normal again, I can't wait for it. I want to use my new strategy to success in forex.
     

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