FOREX (Foreign Exchange)

Forex trading in online is 100% tax-free and legal according to law the government and religion, there are many FOREX brokers who deliver overnight interest rate (to stay) for Muslim traders, usually you can just provide the data yourself that you are a Muslim and will receive interest-free facility, trading FOREX also not gambling, because FOREX trading can be analyzed in real time, besides that it's also FOREX equals trade in general and only differ in the object, the FOREX object is a currency,while the object in a general trading is a goods or services, FOREX trading is different from gambling containing elements of profit miss with a high risk,and have no economic function for the welfare and benefit society in general,online FOREX trading can mean, like you exchange money at the money changer by exploiting the difference in exchange rates selling price of purchasing, who frequently traded currency is US dollars (USD), Canadian dollar (CAD), New Zealand dollar (NZD), Australian dollar (AUD ), Japanese yen (JPY), Swiss franc (CHF), British pound sterling (GBP) and euro (EUR) currency pair (pair) are traded are:

1.       AUD/USD                      : called Aussie dollar

2.       AUD/JPY                      : called Aussie yen

3.       CAD/JPY                       : called Canada yen

4.       CHF/JPY                       : called Swiss yen

5.       EUR/AUD                      : called Euro Aussie

6.       EUR/CHF                       : called Euro Swiss

7.       EUR/GBP                      : called Euro sterling

8.       EUR/JPY                      : called Euro yen

9.       EUR/USD                       : called Euro dollar

10.   GBP/AUD                      : called Sterling Aussie

11.   GBP/CHF                       : called Sterling Swiss

12.   GBP/JPY                      : called Sterling yen

13.   GBP/USD                       : called Cable

14.   NZD/JPY                      : called New Zealand yen

15.   NZD/USD                       : called New Zealand dollar or kiwi

16.   USD/CHF                       : called Dollar Swiss or Swissy

17.   USD/CAD                       : called Dollar Canada or C-dollar

18.    USD/JPY                       : called Dollar yen

Foreign Exchange Prices

Foreign exchange markets and prices are mainly influenced by international trade flows and investment flows. The Forex markets are also influenced, but to a lesser extent, by the same factors that influence the equity and bond markets: economic and political conditions especially interest rates, inflation, and political instability. Those factors usually have only a short-term impact, which makes Forex attractive as it offers some of the diversification necessary to protect against adverse movements in the equity and bond markets.

Currencies are usually quoted to four decimal places, such as the Euro/US Dollar trading at 1.2400/1.2403, with the last decimal place referred to as a point or "pip". A pip for most currencies is 0.0001 of an exchange rate; the one exception is the USD/JPY quote in which each pip is equal to 0.01.

The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day, The major market makers, or dealers, consist of the commercial and investment banks, the exchange traded futures, and registered futures commission merchants. Our dealing desk is open 24-hours a day from Sunday 17:00 EST to Friday 17:00 EST.

System Requirement

The following are the minimum technical requirements to be able to run an online FOREX trading platform:

v Processor  1 Ghz

v Memory  RAM 256

v Hard drive 20GB

v Line Internet 56 kbps, we recommend using broadband such as ADSL line from telkom (speedy) or from another ISP with a capacity of more than 300kbps.

v Windows XP

what if the computer dies or disrupted internet connection ? if your computer is off or not connected to the internet then all orders will be automatically stored in the server broker from market of this (market), so even if your computer is turned off then order you can still run and executed automatically based on your position,

v take profit

v stop loss

v limit buy

v sell limit

v buy stop

v sell stop, and pending orders you have previously set.

Choosing a FOREX broker

to run a FOREX trading you need the services of a company called FOREX brokerage firms, there is a local company and there are also foreign companies, the difference in available foreign brokerage contract size 10,000 and 100,000 while Indonesia is only available on contract size just 100,000, the contract size100.000 minimum funds invested must be above $ 3000, while in many overseas brokers who require only $ 250 for the transaction, the decision to vote no on yourself, because you will bear the risk of profit and loss, in a FOREX investment legality problem is very important, to prevent fraud or problems of default by a brokerage firm to the customers, before you choose your broker should ensure the legality of the company, know the location of the office a clear position and address,has a media clear contact such as telephone, management structure and ownership, if you choose a local brokerage in Indonesia for example, check whether the broker is registered in BAPPEBTI (commodity futures trading regulatory body), BBJ (futures exchange Jakarta), and KBI (clearing futures Indonesia), so as to have permission to overseas transactions and have segregated account numbers, separate accounts are useful to accommodate all clients' funds are invested so as not to be utilized by any party, including brokers concerned. if you select an online FOREX broker / overseas check whether they are registered in each country's official agency where the broker is an example: FSA (The Financial Services Authority) to a broker in the UK, the CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association ) to a broker in the United States, if they permit is still in the process that means they don't have permission, you can bet they are illegal FOREX broker's big risk for your fund (unpaid), licensing is required to oversee and ensure that the brokerage firm is a company a clear and believable.choose a company that obviously, bode clearly,has been operating the old and the status of legal / regulated (licensed full and not just a PO BOX or unclear) stay away from the mere promise big bonuses, but eventually you will "be eaten" high priority and security, not "discount broker "because the bonus will not be comparable with the losses you will suffer later, you can open a FOREX account in the following brokers:    

1. ASIAFXONLINE
2. EASY FOREX  
3. GAINSCOPE
4. GAIN CAPITAL 
5. MARKETIVA