before heading to the point we have to know what is forex .
1 . What
FOREX lot of definitions but can be summarized simply as " the market in which the players ( Who) currency exchange transactions with connected electronics" .
2 . Why
There are several main reasons why FOREX become a prevalent trend and attracted the attention of many investors or the general good . Compared to other instruments such as stock options atu ( option ) , the level of liquidity ( daily turnover ) is much higher forex setradar which reached USD 5 trilion ( $ 5,000,000,000,000 ) per day . This is particularly important where the high level it will be very possible liquidation of the transactions at any time . In other words , if a trader wants to sell it is almost certain there will always be a buy .
Traders only be spread or commission only when a trader opens a position only. Traders do not charge anything while closing the position .
3 . When
Hammpir FOREX market is open 24 hours a day and 5 days a week (Monday - Friday ) . The market will begin on Monday 8:00 AM Australia / New Zealand ( setrader Monday at 04.00 am GMT) to Friday at 17.00 pm eastern U.S. time zone ( setrader Saturday at 04.00 am GMT)
4 . Who
At least two groups of actors or players / actors from the forex market . The first group is the institution , which are generally the big emain government agencies ( government ) and big banks .
The second group is a forex broker who managed the retail trader and liaison with institutions of the player above
5 . Where
For the large pemai is especially banks , then forex trading is done through the Electronic Banking System ( EBS ) . In short , EBS is an electronic network that connects the big bank with big bank .
6 . how
For simplicity's sake, to keep in mind as the retail forex trader is to be done through the Internet by running the trading software or platform that is determined by the broker .
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