TheJakartaPost
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RI homemakers hope crypto, forex trading will bolster family finances
While retail investing remains a male-dominated undertaking in Indonesia, more and more women are getting into the practice.
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A teller displays rupiah bank notes at Bank BSI in Jakarta on Oct. 30, 2023.
(Antara/Muhammad Adimaja)
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n increasing number of Indonesian homemakers are turning to cryptocurrency and foreign exchange (forex) trading in an effort to earn additional income for their households.
Three homemakers told The Jakarta Post they had begun trading such assets during the COVID-19 pandemic, alongside a broader national shift into retail investing.
Luna, 52, began trading in the 2000s after leaving her family business and becoming a homemaker.
Initially, her focus was on gold because of its reputation for stability, but as time passed, she grew interested in forex trading, particularly during the pandemic.
“Initially, forex seemed like a concept that was difficult for me to grasp, which is why I had reservations about placing my trust in it,” Luna said, adding people she knew had also expressed doubt about its profitability.
But Luna felt that forex trading offered her the opportunity to achieve greater financial independence.
“If you're independent, you don't need anyone else, so you don't have to wait for your husband or anyone else to give you money. We need to be able to get money on our own,” Luna said.
