Another factor is the issue of legality. Just imagine in a forex investment. You have invested in forex and generate hundreds of percent profit from forex trading you. Then it's time to withdraw your money. And it turns out the company you invest is the forex companies escape and belongs to the illegal companies. Well up here, ending a dream already enjoy the profit of hundreds of percent.
On forex beginner and those who work directly in it tend to prefer viewing platform is presented or the regulation of trading in favor of consumers. But I tell you: a great Platform and regulations favoring consumer does not guarantee your Broker to invest legally!
So, read this article is fine if you do not want to enter the trap Forex Scammer!
Here is the chart forex trading mechanisms:
As is the case in a trade sale and typically, in forex trading are basically requires both sides of the buyer and the seller. But here's the difference, buyers and sellers never make physical meetings directly and never happened handover physically as well. Everything is done in the form of the agreement and is mediated by arvbitrase institutions commonly referred to as Brokers/Broker.
Brokerage/brokerage firm's job is to be a sort of transaction that gatherer is done by retail investors under it and then passed on to the market or Exchange. Exchange here is the meeting place between the seller and the buyer in the transaction. Other languages is the market. And if the market Indonesiakan o is equal to the market. So the stock market, where indeed is the merging of the seller and the buyer.
The difference with conventional market exchanges are bursa usually does not occur in the buying and selling in retail individuals but usually in akumulasikan and then in the execution.
Well, If an investor said, let's just say the name Amir, sees the opportunity that the currency GBP (remember, it is the Great Britain GBP pound sterling or United Kingdom Kingdom currency) will strengthen against the U.s. Dollar. Then, of course, as a good and investors looking for profits he bought appropriate calculations for the GBP is then stored until the time the GBP strengthened and Amir will resell it.
Let's say as many as 10,000 Pounds buy Amir. 10,000 units in forex usually called 1 lot. So all transactions are counted in units of lots of this. 1 lot 2 lot 3 lot, and so on. 2 lots Yes means 20,000 currency (depending currency bought/sold). So in forex transactions, we do not know the purchase of as many as 15,000 Pounds for example because the numbers are odd numbers aka 1.5 lots. And 1.5 of lot is unknown in the world of forex.
To Transact the purchase of his Amir GBP make purchases through a broker where he invested. The Order was carried out. And bim salabim ... with a click on the platform forexnya, Amir just made 10,000 pound sterling United Kingdom purchase action.
As easy as that. But the question arises for us laymen: what really happens when Amir made a purchase through trading forex platform?
Well, the answer is within a fraction of a second is basically there have been transactions in accounts where Amir he buys 1 lot pounds (do not ask me again what a lot! I have already described above. Please deh ...).
Then who is selling GBP to Amir. Well in this case while the transaction takes place between the Amir and pialangnya. Brokers hold all orders taken Amir and colleagues from other investors who invest through the same broker. So for a while the transaction takes place between the Amir and Pialangnya.
But as I write above, such transactions occur for a while only. The next broker will forward all orders made by customers to higher institutions on the stock exchange or other big banks. Investors require brokerage firms because investors cannot directly access the bursa or big banks.
Well, the stock market basically as I have mentioned before, is a meeting place between sellers and buyers of the major parties. The perpetrators were mostly big banks, brokers-brokers or other financial institutions as well as the big boys. About the big boys, what will be discussed in the module "Fox Hunting" and not here.
In all such transactions reunited total lot purchase and sale. A Total of forex transactions (spot, forward, swap) is actually quite massive: reached 3.8 Trillion US dollars per day for the whole world. Yes suffice to finance the NATIONAL BUDGET Indonesia a few years:).
With a total market of this size, the brokerage firm where Amir Amir order can forward transactions. So, brokers get what is needed by him and so does Amir. All that thanks to a mechanism that is called Exchange. While the Amir, he did not take a giddy with the forwarding order by his brokerage firm. He's just enough to know that in a split second, the order has been satisfied by the Broker and then Amir just wait for price moves up according to predictions. If prices rise, o Amir will experience an advantage. If it turns out the price moves rather, yes of course Amir loss. Pity him if loss of ...
Well, that's the mechanism of forex trading in the world everyday. Here there are many exchanges. In Indonesia, trading berjangkan in regulasikan by PT BBJ (Jakarta Futures Exchange). America has the NYBOT, London has the FTSE (pronounced "Footsie") and the Tokyo Commodity Exchange have Japan (TOCOM).
Keep in mind here, the forex market although there are stock exchanges in different countries but it is not only the centralised in the exchanges like stock market shares. If in stock, say stocks Telkom (TLKM code) can only be traded on an Exchange that has the stock listed where the JSE and NYSE (excellent also Telkom can nemplok on the NYSE J), then in the forex market the system not so, forex market is open not closed market like shares can only be traded in the stock exchange. Everyone can trade currencies, all those using money in the transaction. You do currency Rupiah with Dollars also includes part of the forex market. Where there are differences in the exchange rate difference, then there is speculation and investment occurs.
"Up here, obviously the children?"
If I hear the words: "Ya bu teachers ...."?
The Legality
Well now we get into the issue of legality. Something that is often overlooked by the novice forex.
In an investment problem of legality is one of the central parts of the Act. Reaches an investment company usually also plays muster community Fund. This is particularly crucial in the event of fraud or nonpayment issues by the company to its customers.
Well that's why it is necessary for an agency of government regulators who oversee the activities of investment firms like this. Banking has BI (Bank Indonesia) as their regulator. While the insurance company is regulated by the Directorate of Insurance under the Ministry of finance, securities firms have Bappepam as a regulator.
Then how about Forex?
Forex belongs to the Futures Exchange. Namely investment derivatives (derivatives) of stock investment products and his friends. At first this is prefaced by derivative products trading and commodity index. Then later grow new members namely foreign exchange trading forex called.
Ah, it was already described in previous modules, namely "the structure of investment in Indonesia". Please read the article again.
Because it is no longer classified as investment securities, the forex trading also has its own regulasinya institutions with trade index and the commodity is his twin brother.
Then who?
In Indonesia, the regulator who oversees the activities of the broker is under the authority of Bappebti (Badan Trustees futures trading and commodities), JFX (Jakarta Futures Exchange) as well as the KBI (Futures Clearing Indonesia). In the United States who are the pioneers trading margin trading, regulatory authority exists under the CFTC (Commodity Futures Trading Comission) and NFA (National Futures Association).
The CFTC and the NFA can be said to be a role model for other regulators-regulators in each country. A broker is regulated under the regulations should follow them strictly and rigorously selected anyway. That's why an international brokerage firm that became a member of the NFA and the CFTC was so elated at the heart with their membership status.
American law forbids its citizens to invest on a brokerage firm that is regulated under both not this institution. Even brokerage firms that are not members of the CFTC and the NFA prohibit any u.s. residents open an account forexnya through them. Yes it's known, superpower. Anything can be done. Cheating [...] How Delish Indonesia citizens if we get the same protection.
Well, until here I think there's a little enlightenment for those of you who are completely blind to the issue of legality. One thing is certain: never open an account forex broker that was regulated not under government institutions anywhere. The permit PT alone is not enough to set up a brokerage firm! So do not easily tempted by good platform and regulations as though profitable customer but when asked their company permits only permission that is being taken care of berkilah or even say they have the permission of the company. Remember, being taken care means you don't have permission!
Even don't believe sweet promises with direct energy marketer company your broker. Does their job right convey what's good. Yes his name is also marketing. If a less good huh well kept for himself only hihihi ... ....
Well now appears a question, is there any brokerage firm that does not permit regulators mengantogi aka illegal brokers?
There Are.
A Lot!
Yes, a lot. Both domestic and foreign brokers. The name alone is already illegal. So it is indeed the intention originally was not doing business but deceptive. Remember why, that business is not a scam. There is no fraudulent activities could be lasting. But there is a saying in Chinese that says business classified lasting if he could already stand for three generations. I have never heard any deceptive activities lasting for three generations.
These illegal brokerage firm has many ways to seduce people to invest through them. Yes, of course there was no investment yields aka fraud. They usually wear promises sweet spices so impressed makes sense. Some promise them something like this:
"get the advantage of up to $ 1000 within a week"
"We guarantee your investment profit is 30-40% a month"
"However the market circumstances either up or down, you still get lucky!"
"We promise to refund any loss that may occur from your investments."
Well, is it too good to be true? Too good to believe? Come on United Kingdom language learn a little ...
Even don't trust even if they come with their transaction history that looks up the ranks from lower left to upper right to persuade You infuse your funds at the company.
Guess what, I can also make history like that kok. Just need a little touch of the computer or with Photoshop and then ... you came all that miraculously. We will never know that it's true or not.
Well let me sarikan some suspicious signs that you need to beware of before embedding your funds at a brokerage firm:
1. any Suspect investment scheme that is too good to believe.
The bad news is forex is not a get rich quick scheme. Forex is similar to other businesses. Requires perseverance and hard work of the investors to come forward.
2. avoid companies that promise huge profits for the funds you invest.
Yes, I have already explained this a bit above. All the comments above are issued a broker you need to suspect.
3. avoid companies that promise absolutely no risk in forex trading through them.
This is the biggest bullshit I've ever heard. Bah! Even selling out in any market there is a risk of losing especially with forex investment? We are not dealing with the risks of forex trading here, but just think Cook-Cook: what is a business that is not at risk? Even across the road there is also risk.
For those of you who think the investment without risks I say: don't dream of disiang bolong! Wake Up! If you want to be successful there is no way a substitute for diligence and hard work. Hard work to determine the investment policies. The hard work to determine the exact timing. Hard work for the analysis of capital and risk management. What they do not need to be considered?
4. don't do margin trading unless you know what that means.
Margin trading is like a magnifying glass. He was useful to enlarge your profit opportunity. But he can also meperbesar your loss. So, watch out! Once again, learn at least risk in forex before you embark on an investment.
5. Question those who claim that their trade through the "Interbank Market"
Some brokerage firms claim that they forward the transactions of its customers through the interbank market so that they can get better prices for themselves so no need to overload its customers with transaction costs and other expenses.
Interbank Market is usually used by world class banks for loan granting process and submission between the banking institution. Interbank Market does not involve small banks let alone the beraset brokerage firm "only" hundreds of millions of dollars. Well, something is overrated when a broker who is not named said they have access to that folder.
6. be careful for each payment processing via the internet and does not involve the inter-bank transfers.
Some brokerage firms opening ease payments via e-gold, pay pall and a myriad of other payment methods. Instead of not believing, but often customers forget to view information beneficiary (recipient) Fund due to payment method already downloaded before cancellation is easy and just click and done. After they click they usually just remembered where those funds are transferred or the what and where the recipient's address. Yes it's too late anyway. Many brokerage firms as it is not a member of the NFA and the CFTC.
7. the illegal brokers Usually menyasarkan less to developing countries or particular ethnic.
Psychologically it is easy to understand. Lack of knowledge of those who berduit in countries such as Indonesia makes fraud easier action (duh ... the fate of the citizens of the developing world so yes put it this way deh). Well that's why created this website Tdameritrade.com. One of the Mission's Yes into a means of education for all enthusiasts of forex. Arise my people but mine own country, don't want cheated by anyone including those who claimed to be from overseas. They both eat rice kok (UH wrong ... eat bread), so why would they think that it's more clever? He ... he ... he's so patriotic kok here.
8. make sure you know the track record of the company in which you invest.
No matter how well the track record that speaks. It is a testament to the dedication and the work of the brokerage firm. So do not be lied to. If they don't even want to tell you their track record or background the company, leave it and seek other investment areas.
9. find a third opinion from those who never invest there
It's easy-easily distress. Sometimes many illegal brokers accomplice also strives to convey a positive campaign on the independent forums to reached their positions. Dare to explore. Again start with the opinion of the too good to be true is not true. Suspect those who commented too positive in order to filter out all of the information.
10. contact your investment advisor before investing
Well, if you have any doubt, contact their more savvy about trading forex trading security funds and ask you if invested in the company that you want to select.
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