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Forex Trading in Indonesia • Forex Strategies • Benzinga

With a rapidly growing economy and a rapid spread of technology, more and more traders and forex brokers are turning to the island nation of Indonesia as the next big forex trading sphere. If you’ve ever wanted to trade forex as a resident of Indonesia, an Indonesian citizen or a traveler, our guide will help…

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With a rapidly growing economy and a rapid spread of technology, more and more traders and forex brokers are turning to the island nation of Indonesia as the next big forex trading sphere. If you’ve ever wanted to trade forex as a resident of Indonesia, an Indonesian citizen or a traveler, our guide will help you get started. 

Get Started with Forex in Indonesia 

The spread of both domestic and international online brokers offering service to Indonesian trades has greatly expanded the availability of forex trading. To get started with forex, use the following basic steps to open an account.

  1. Find a stable internet connection. Fast, reliable internet service is a must-have when trading forex. If you don’t already have a device connected to the internet, find one with a consistent connection and service before moving forward.
  1. Open a brokerage account. You cannot buy and sell currencies directly in Indonesia. Instead, you must work through a forex broker, who services your trades on your behalf in exchange for a small fee.

The Financial Services Authority of Indonesia has recently introduced a series of new laws to crack down on local brokers and punish dishonest advertising and excessive commission charges. As a result, the forex market of Indonesia is now well-regulated, and you may safely work with a licensed domestic or international broker servicing the Indonesian market. 

Indonesian authorities warn, however, not every international broker offering services to Indonesian residents is properly authorized — the government recommends Indonesian traders work with domestic brokers. If you aren’t sure if a broker is licensed, visit the Financial Services Authority of Indonesia’s TRUST+ website.  

  1. Download your platform. Depending on the broker you choose, you might need to download a 3rd-party trading application like MetaTrader 4 or 5. Be sure that your platform of choice is compatible with your broker before you download it.
  1. Fund your account. After your account is opened, you must deposit trading funds into your brokerage account. Most Indonesian brokers support electronic bank transfers and the use of digital wallets like Perfect Money to fund your account.

If you are a follower of the Islamic faith, you may want to choose a “swap-free” account. These accounts do not accumulate interest in overnight positions, which is compliant with Sharia Law. About 87% of Indonesian residents profess the Muslim faith, so every broker operating in Indonesia is compelled by law to offer swap-free accounts.

  1. Place your 1st trade. After your funds have cleared and your account is fully opened, it’s time to place your currency trade.  

Indonesia Forex Trading Strategies

The majority of Indonesian traders use a strategy called “technical analysis” to influence their forex trades. When a trader uses technical analysis, he or she looks at price data and candlestick patterns to predict how a currency will move in the future.

In this section, we’ll introduce you to a few technical analysis strategies you can use when formulating your unique trading strategy.   

Return to Mean Strategy

The return to mean trading strategy is based on a simple concept: When a currency fluctuates outside of its standard range of values, it will soon return to the mean. Using a trendline, calculate the mean value and how your currency of choice is increasing or decreasing in value over time. When the currency value moves outside of the standard mean, a buy or sell signal may be triggered. 

Triple Moving Average Crossover

The triple moving average crossover strategy is used by longer-term traders looking for a currency that will steadily increase in value over time. To begin, choose a range of time, for example, 21 days. Then, calculate the average closing price for this period. For each day that a successive bar moves in the same direction as the mean trend, calculate a new average. A buy or sell signal may be triggered when the average mean changes patterns or begins a new trend. 

Reversal Candles

Short-term currency traders often hunt for reversal candles to capitalize on short-term movements in price. A reversal candle is a candlestick that indicates that a currency’s movement trend might reverse in direction. For example, if a currency is steadily rising in value, it will continue to rise until a reversal candle is triggered — the trader would then consider this a “sell” signal and close out of his or her position. Reversal candles may be bullish or bearish depending on their placement and form.  

Forex Trading Example in Indonesia 

Let’s take a look at an example of how forex trading works as an Indonesian trader.

Imagine that you believe that the Australian dollar (AUD) will soon rise in relation to the Indonesian rupiah (IDR). You deposit $100 million IDR into your account and convert the entire lot into AUD. At this time, 1 IDR is equal to about .0001 AUD. After the transaction is complete, you’re left with about $10,000 AUD.

A few weeks later, you see that Australia has shown exceptional GDP growth — and that the value of the Australian dollar has risen in comparison to nearly every other currency. So, 1 IDR is now equal to only 0.00008 AUD. You decide that now is the time to sell, and you convert your entire lot of AUD back to IDR.

At the conclusion of the transaction, you’re left with $125 million IDR. In this example, you’ve gained a profit of $25 million IDR by strategically exchanging your currencies and selling them back when the value of your native currency had fallen.

Making Money with Forex in Indonesia

There are currently no restrictions on the amount of money that forex traders in Indonesia can bring in through their trading. Unlike some other countries, there are also no limitations on the amount of money you can deposit into your international brokerage account. This means that there are no limitations on the amount of profit that you can earn as a forex trader in Indonesia.

Though Indonesia’s forex market is relatively well-regulated, there are a few steps that you can take to protect your investment and prevent yourself from losing money:

  • Work only with licensed brokers.  Though domestic Indonesian brokers are required to adhere to a select set of laws, not every international broker operating in Indonesia offers these guarantees. Only work with trusted, reliable brokers to protect your financial interests when trading.
  • Only trade major currency pairs.  If you choose to keep the IDR as your base currency, we recommended that you only trade major currencies — like the USD, AUD and GBP. This will ensure that you’re able to quickly exit your position when you need to.
  • Practice your trading strategy first.  Before you invest any of your own money, open a demo account and perfect your trading strategy. 

Best Online Forex Brokers in Indonesia

As a trader in Indonesia, you have a wide range of forex brokers to choose from before you trade. If you aren’t sure where you want to open your account, consider a few of our top choices below.  

Account Minimum

$100 USD (or equivalent)

Pairs Offered

69

Account Minimum

$50 USD

Pairs Offered

47

Account Minimum

$50 USD

Pairs Offered

47

1 Minute Review

Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. U.S. traders can begin buying and selling both major cryptocurrencies (like Bitcoin and Ethereum) as well as smaller names (like Tron Coin and Stellar Lumens).

eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though eToro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best For
  • International Forex/CFD Traders
  • New cryptocurrency traders looking for an easy-to-use platform
  • Traders who want to buy and sell cryptocurrencies on-the-go
Pros
  • Simple platform that is easy to master
  • CopyTrader feature that allows new traders to copy the same strategies used by professionals
  • Virtual dummy account that gives you $100,000 to practice trades
Cons
  • U.S. traders currently limited to cryptocurrencies
  • Only 15 major coins available to trade
Account Minimum

100 EURO

Pairs Offered

50+

Account Minimum

100 EURO

Pairs Offered

50+

1 Minute Review

A fully regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia and Japan, Avatrade deals with mainly forex and CFDs on stocks, commodities, indexes, forex, cryptocurrencies, etc. This brokerage is headquartered in Dublin, Ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.

Best For
  • Beginners
  • Advanced traders
  • Traders looking for a well-diversified portfolio
Pros
  • Controlled by regulatory agencies of multiple countries
  • Choice offered in terms of trading platforms
  • Support available in 14 languages and trading platforms in 20 languages
  • Practice/demo account available for trying out
  • Breadth of trading assets
Cons
  • Does not accept customers from the U.S. as it isn’t regulated in the U.S.
  • Transferring funds to the account may take up to five days; withdrawals could take up to 10 days
Account Minimum

100 of your selected base currency

Pairs Offered

80+

Account Minimum

100 of your selected base currency

Pairs Offered

80+

1 Minute Review

FOREX.com is a one-stop-shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker. You can’t invest in the stock or bond market through your FOREX.com and you cannot open an account with tax advantages. The confusing pricing and margin structures may also be overwhelming for new forex traders.

Best For
  • MetaTrader 4 users
  • Beginner forex traders
  • Active forex traders
Pros
  • Impressive, easy-to-navigate platform
  • Wide range of education and research tools
  • Access to over 80 currencies to buy and sell
  • Leverage available up to 50:1
Cons
  • Cannot buy and sell other securities (like stocks and bonds)
  • Confusing margin requirements that vary by currency
  • Limited customer support options
  • Cannot open an IRA or other retirement account

Forex Terminology

When you first get started in the world of forex trading, it can be confusing to understand what brokers and traders are talking about because forex uses its own language. Familiarizing yourself with some of the most common terms can make it easier to navigate your brokerage platform and the educational resources you use to trade.

Pip: A pip is the smallest possible unit of any given currency. In most cases, 1 pip is equal to 0.0001 of any currency.  

Order: An order is a set of instructions that you give to your broker to tell them what currency you’d like to buy or sell and at what price point.

Lot size: Your lot size is the total number of units of currency that you’re buying or selling. For example, if you place an order to sell $10,000 AUD, your lot size is equal to 10,000.

Call: A margin call is a major risk of trading with leverage. If you borrow money on margin to trade and the value of your portfolio decreases, your lender might require you to deposit more money into your account to maintain your position through a margin call. Margin calls can quickly cause you to lose money or wipe out your earnings, so use leverage with care. 

Trading from Indonesia

With the near-ubiquitous spread of the internet, nearly anyone can get started forex trading — no matter where they live. But before you place your first currency order, be sure to do your research and develop your trading strategy before you invest. Taking just a few days to do your homework and work with a demo account can mean tons of money saved in the long run. 

Hire a Pro: Compare Financial Advisors In Your Area

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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