Bab 1:
Forex is derived from Foreign Exchange and is the largest financial market in the world.
FX market is open 24 hours per day and has an estimated $1.2 Trillion in turnover everyday.
FX market does not have a fixed exchange.
Interbank means exchanging information about current rate between banks and large institutions which their clients or themselves were prepared to buy or sell a currency. (INTER meaning between and Bank meaning deposit taking institutions normally made up of banks, large institution, brokers or even the government.)
Interbank now means anybody who is prepared to buy or sell a currency.
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