FOREX is an acronym for Foreign Exchange. The FOREX is a cash (spot) inter-bank market established in 1971 when floating exchange rates began to materialize. Simply stated, FOREX trading is exchanging one currency for another. To buy one currency you must exchange (sell) it for another.

The foreign exchange is not a market in the traditional sense. Thereis no central location for trading as there is in stocks and futures. Around the world trading takes place by utilizing computer terminals, telephone, telex and most recently, the Internet.

The FOREX is also the world''s largest market. In fact, it is huge! Daily volume is estimated in excess of US $1.5 trillion. In comparison, the combined daily trading volume of the US Treasury Bond Market and all of the US Stock Markets averages under $350 billion.

The FOREX is the most exciting market in the world today. Because it is so large and controlled by so many participants, no one player, including government, can directly influence its performance. Approximately 4500 central and commercial banks, corporations, commercial brokers and other financial interests all trade the FOREX. Of all the players, commercial brokers conduct the largest volume of trading.

Most foreign exchange activity consists of spot/cash transactions between the popular US dollar and other popular currencies such as Japanese Yen, British Pound, Swiss Franc and Euro.

Contact Person: Mr. Yuvensius Sugeng Kurniawan (085691649681)