Forex trading is indeed interesting, many want to try their luck by trading foreign currencies in forex. What is interesting about Forex trading is that it offers huge profits in a short period of time. But it should also be understood that the risk of forex trading is also high.
For beginners who just want to dive into the world of forex trading, you should be careful, first study the various analyzes that become the rules of forex trading so that you avoid losses and make profits. Also pay attention not to carelessly choose a forex trading place or forex trading site to avoid fraud.
List of Official Forex Trading Sites
The following is a list of safe forex trading sites because they are legal and official from BAPPEBTI.
1. Website: www.gkinvest.co.id / PT. Global Kapital Investama Futures D/H PT. Magnificent Tama Futures
2. Website: www.asiatradefx.com / PT. Asia Trade Point Futures
3. Site: www.mifx.com (PT Monex Investindo Futures /MIFX
4. Website: www.mrgfutures.co.id / PT. Mrg Mega Berjangka formerly PT. Askap Futures
5. Website : www.octa.id / PT. Octa Investama Futures formerly PT. Multi Mulia Investama Futures
6. Website: www.asiaprofx.com / PT. Asia Pro Futures formerly PT. Smart Indonesia Futures formerly PT. Overseas Commercial Futures
7. Website: www.bestprofit-futures.co.id / PT. Bestprofit Futures
8. Website: www.tpfx.co.id / PT. Trijaya Pratama Futures
9. Website: www.valbury.co.id / PT. Valbury Asia Futures
10. Website: www.sagafx.id / PT. Sagafx Sentra Futures formerly PT. Trust Artha Futures
So please, you can choose one of the several official and trusted forex trading sites in Indonesia above.
Forex Trading Advantages and Disadvantages
The term foreign exchange or forex (in Indonesian it is also known as the Foreign Exchange Market and abbreviated as Forex) refers to the type of trade that trades the currency of a country. Forex is a form of trading, where one can trade currencies to earn more.
Forex trading itself is one type of buying and selling shares that is quite popular among people today. In contrast to long-term investments, trades tend to be short-term, usually within minutes to hours, allowing one to make a quick profit. To make a trade, usually use the help of a broker.
Disadvantages of Forex Trading
Here are some drawbacks that traders can experience when trading the stock market, especially when trading forex. This deficiency can lead to more severe losses if you do not have a further desire to learn forex, either self-taught or through the help of a broker.
High volatility
This means that stock market conditions can change very quickly due to various factors. This can lead to huge losses if you are not able to read and understand the current state of the stock market.
It is difficult to determine indicators in the stock market. This is the impact of high volatility in the stock market. If it is wrong when reading the indicator chart, it can make traders lose or lose forex trading profits.
· Existence of Leverage
Basically, leverage is a loan system for traders while trading. The existence of leverage can indirectly make traders reap higher profits, or even suffer losses due to not being wise in using leverage, so they must be careful and wise in using it.
Advantages of Forex Trading
Even so, there are also a number of advantages to when trading forex. And on closer inspection, these potential advantages may outweigh the disadvantages. Of course, this depends on an understanding of forex trading and a willingness to study the stock market.
In addition, these benefits will be easier to achieve if someone uses the services of a broker. Because as already explained, the role of the broker is to inform clients about the current state of the stock market, so that their advice and information can be considered before entering the world of forex trading.
· Ease of learning to trade
Among other types of stock market, forex trading is easier to understand. Even so, it is still recommended for those who are new to the stock market to use the services of a broker, before trying trading on their own.
· Forex trading fees usually tend to be low
When calculated by paying for brokerage services and other operational costs, forex trading costs are generally lower when compared to other types of stock markets.
· Forex market is open 24 hours on weekdays
This allows traders to trade more flexibly anytime and anywhere at any time. The opening of the stock market for 24 hours also allows for a strategy in trading and has the potential to earn more profits.
· High liquidity
This makes it easier for investors to convert their financial assets into cash. This benefits traders given the high volatility in the stock market.
High volatility
As already explained, volatility can change stock market conditions quickly, which can put traders at risk of loss. However, these changes can also be beneficial if one can read the current state of the stock market. I hope this information is helpful.
