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What is Wall Street?
We have already explained to you that Wall Street is a very important street in the United States, the street that stretches between Broadway in the west and East River in the east is a financial center based in New York. Just imagine if Wall Street became a financial center, it meant that the street was very important. It is certain that the road will become the center of attention of the world. Many other stock exchanges and exchanges are headquartered on Wall Street and in the Financial District including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT. No doubt, because it is a world trading stock exchange, this path is very important for traders to know. The road is so famous that it is often used for shooting Hollywood movies and one of the films that tells about the street is a film entitled The Wolf of Wall Street. It is a 2013 American crime comedy biopic directed by Martin Scorsese based on a book by Jordan Belfort. The synopsis of the film tells the story of a man named Jordan who works at a Wall Street stockbroker. Brokers are companies that bridge investors with the capital market, after becoming successful and enjoying a lifestyle full of sex and drugs are forced to face legal entanglements. In order for you to know more about the story you can find out by reading the biography book or watching the movie because we are not discussing the movie, the more important thing is whether Wall Street is very influential on the forex market we will discuss it in more depth for you. Before finding out what Wall Street's influence is on the forex market, sign up to become an IB or invite your friends to join GIC Affiliate and earn money from signing up for the program.Apa pengaruh Wall Street terhadap Market Forex?
If you've read our explanation of what Wall Street is, you should be able to conclude by now? Yes, Wall Street is very influential for the forex market of course. Where the road is the center of the world's stocks, everything that happens on the road will have a big impact on the forex market. Suppose the streets in the city experience an outbreak of fever, then it is certain that many people will be affected by the effects. Market participants in other parts of the world will definitely feel the vibration. Uncle Sam's country's economic indicators are also very easy to read there. The indication is that if the stock index there drops deeply, it means that something is wrong in the US economy. On the other hand, if the index there increases consistently, it illustrates that the superpower's economy is shining brightly. For those of you who have understood some explanations from articles, trivia, or GIC beginner classes, you can fill out an internal survey and you can write some of the advantages of GIC itself.
The Number of Stock Companies on Wall Street
There are many stock indicators that are often the reference of world market participants. In addition to the NYSE index itself, there is a very famous index in the world, namely the Dow Jones Industrial Average (DJIA) index which consists of 30 top stocks. No one doubts the credibility of the DJIA index. If the DJIA index is corrected, usually other stocks on the NYSE and world exchanges will also decline. The Jakarta Composite Stock Price Index (JCI) on the Indonesia Stock Exchange (IDX) is no exception. Likewise, if the DJIA index rises significantly, then the regional exchange indices will also be carried up. In addition to the DJIA, there is also the S&P 500 index, which contains 500 types of stocks listed on the NYSE. The influence of Wall Street on regional exchanges and emerging markets such as the IDX is indeed quite significant. This is understandable, considering that the financial sector of the superpower is indeed in the spotlight of the world. The rating dropped from AAA to AA+, the stock price is entering a bearish phase or weakness that many people are talking about. There are at least two things that can be explained here. First, like it or not, it must be admitted that so far economic activities and of course world financial transactions have been dominated by the United States. These financial transactions are also included in trading activities. And if you are still confused about how to trade itself, you can consult the GIC team through the Trader Assessment that has been provided.
For the top financial institutions in the world, the majority are entrenched in the US, such as Merril Lynch, Goldman Sachs, Citibank, American Express, Bank of America, AIG Insurance and many more scattered with a wealth value of hundreds of billions of US dollars. They have branches almost all over the world, including developing countries such as Indonesia. The financial institution manages a fantastic amount of funds and invests them all over the world. Second, the stock market on Wall Street has been the world's largest financial sector investment center. Various financial products are traded there. Almost all of the world's major companies list their shares on the United States stock market. Thousands of companies are listed there. Investors have a very diverse investment option and are supported by advanced technology and regulated by strict regulations. Two Indonesian SOEs whose shares are listed and traded there, namely PT Telkom Tbk and PT Indosat Tbk. With such a capacity, what is happening on Wall Street has a great influence on the world financial sector. And when it almost collapsed - as happened in the fourth quarter of 2008 - then the entire world stock exchange was also hit by the sap. Composite Stock Price Indexes across world exchanges were hit by the fall in stock indices on Wall Street. This is why the news about the fall of Wall Street has become a hot topic of discussion. For the way of how Wall Street will work, you can understand it in the article below. Before that, you can do a Preliminary Test so that you can review some basic knowledge about trading.
How Does Wall Street Work?
Wall Street is a symbol of the US financial markets that includes the stock market, bond market, commodity market, futures market and foreign exchange market. The initial goal of the securities market is to raise funds for the company to grow, be profitable, and create jobs. However, securities trading has become so profitable in and of itself that trading has been shaped for anything you can think of, and many things you can't imagine.What changed Wall Street? For one thing, the abolition of the Glass-Steagall Act in 1999. This allows banks to use depositors' savings to invest in complex securities called derivatives. They base value on different types of loans, including credit card debt, corporate bonds and mortgages. Well, that was the discussion that can help you traders, it turns out that Wall Street is not just a street name, but a place for stock companies in the United States that are financial indicators in Uncle Sam's country and the world.
Therefore, as a trader, it's a good idea to keep reading the situation on Wall Street. For those of you who are still new, and want to learn forex trading for free, subscribe to GIC YouTube. Gain insights into trading knowledge. Not only that, but you can also get the hang of it by watching Trading for Freedom, an Exclusive Series of five videos that teach forex trading from scratch that will be a provision for beginner traders.
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