Post by account_disabled on Feb 27, 2024 22:34:14 GMT -6
Understanding Forex and How It Works Posted on July by Hanan Kuncoro in Economics The definition of Forex is an abbreviation of foreign exchange which is the exchange rate between one currency and another currency. Not only for the need to exchange money but now driven by technological advances forex has become the largest financial market in the world beating stocks and other financial markets. What is forex how does it function the market and how to manage the risks of playing forex trading. Thats what I try to explore in this article. Since time immemorial people have always carried out trade.
It used to be between regions but as transportation technology advances trade between countries B2B Email List and even between continents has grown rapidly. Global trade is getting bigger and bigger. As time passes businesses become more specialized requiring trade. Just look at the iPhone which was designed in Cupertino California USA but produced in China. There were once rumors that the US government was urging Apple to relocate its iPhone factory from China to the United States. However after trying this Apple canceled and returned iPhone production to China again due to work efficiency considerations.
In the era of globalization where international trade is growing very quickly the forex market is also growing rapidly. Traders need currency exchange. But it turns out that forex doesnt just stop at exchanging for trading. There is the matter of forex trading which in my opinion is no less exciting to discuss. Table of Contentsview What is Forex Definition of Forex is an exchange transaction between one currency and another currency. Exchanging rupiah for dollars and vice versa is a forex transaction. Why is foreign exchange important Earlier I discussed its role in international trade but actually there are many other functions of forex. Advertisement A. Fungsi Forex transactions in the economy. International.
It used to be between regions but as transportation technology advances trade between countries B2B Email List and even between continents has grown rapidly. Global trade is getting bigger and bigger. As time passes businesses become more specialized requiring trade. Just look at the iPhone which was designed in Cupertino California USA but produced in China. There were once rumors that the US government was urging Apple to relocate its iPhone factory from China to the United States. However after trying this Apple canceled and returned iPhone production to China again due to work efficiency considerations.
In the era of globalization where international trade is growing very quickly the forex market is also growing rapidly. Traders need currency exchange. But it turns out that forex doesnt just stop at exchanging for trading. There is the matter of forex trading which in my opinion is no less exciting to discuss. Table of Contentsview What is Forex Definition of Forex is an exchange transaction between one currency and another currency. Exchanging rupiah for dollars and vice versa is a forex transaction. Why is foreign exchange important Earlier I discussed its role in international trade but actually there are many other functions of forex. Advertisement A. Fungsi Forex transactions in the economy. International.