Above all, my advice for beginners is this: don’t work in Forex until you’ve had AT LEAST three years of experience studying the nuisances of this business. Choose your broker wisely. Perform a background check. Personally, it took me five years before I started to consistently make money. So don’t get frustrated if the market feels like too much at first. That’s because it is! People dedicate their lives to understanding currency exchange – why shouldn’t you put in a little effort?

In my opinion, Forex, in Indonesia and abroad, is a way to cheat the system. Unlike the stock market, which is fairly-regulated, even in Indonesia, Forex is not licensed. This means they have free range to do as they please with practically no supervision. Recently, the U.S. Government, realizing Forex presents a realistic threat to uninformed citizens, has begun investigations by the Commodity Futures Trading Commission and the  FBI. It’s difficult to put Forex higher-ups behind bars, because their extensive legal team is quite clever. They protect themselves with signed contracts while walking away with your money.

Indonesia is a mess because of Forex fraud, as is a majority of Southeast Asia. Licenses can be a tricky thing, so make sure you read the fine print before signing your name to a legally-binding document.