How to Trade Foreign Currency Online

How to Trade Forex (Foreign Currency Online) ?

Formerly only large institutions that can trade Foreign Currency Online, but in line with the times, now anyone can transact foreign currency. You can also trade forex. To be able to trade forex, you need a broker (intermediary) to be able to buy or sell foreign currency. Traditionally, you can trade forex through a money changer, such as a Bank that serves foreign currency or Money Changer. Neither the Bank nor the Money Changer is actually a broker.

In addition to traditional brokerage services, now you can use online forex broker services to transact foreign currency using the internet (online forex trading). Compared to traditional services such as Bank and Money Changer, online forex transactions have more advantages and convenience. Not just about practicality and ease to transact anywhere and anytime, but also many other factors.

Currently many people still use Bank or Money Changer for one reason, that is, they can trade Rupiah with other foreign currency, for example with US Dollar (USD), Japanese Yen (JPY), Singapore Dollar (SGD), or others. For the people of Indonesia, certainly better understand the domestic problems of Indonesia, so as to anticipate the fall or rise rupiah better.

While in the existing forex trading online, especially those based abroad, we can only trade foreign currency with other foreign currencies, such as USD with JPY. There is no Rupiah option.

Another factor is, by exchanging money directly in the bank or Money Changer, you will immediately get a hasiL. In the sense of money and profit directly you have. This can not happen in the online world of forex trading because it takes time to withdraw money.

In addition, there are still many who use the Bank or Money Changer because it is not too often transact foreign currency. For example, exchange Rupiah with USD to be saved as savings, exchange forex for holiday.