The commodity currencies - which include the Canadian dollar, New Zealand dollar, and Australian dollar – all fell back on Friday on a variety of factors. Waning risk appetite sapped demand for carry trades, which hurt commodities like oil and higher-yielding currencies, while benefiting lower-yielding currencies, such as the Japanese yen and US dollar. Disappointing data certainly did not help to prop the Canadian dollar higher, as the Canadian economy lost 34,400 workers during December after a loss of 70,600 workers in November. Furthermore, the unemployment rate jumped more than expected to a 3-year high of 6.6 percent from 6.3 percent, suggesting that domestic demand, and thus expansion, is bound to slow further.
Looking ahead to next week, most of the event risk will be contained to the US dollar and euro, but on January 14, the Australian unemployment rate is anticipated to pick up to 4.5 percent from 4.4 percent while the net employment change is forecasted to fall negative for the second straight month by 20,000. The latter report tends to have a greater impact on the Aussie since the figure rarely meets expectations and can lead to volatile short-term price action for the Australian dollar immediately following the news at 19:30 EDT. The other important thing to watch is the status of risk, as an increase in market-wide volatility could send the commodity bloc diving lower.
[ForexGen Demo Accounts Contest]
Win Cash Prizes
[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name:
- Phone number
Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.
By the end of each contest:
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.
The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Sunday, January 11, 2009
Commodity Dollars Slip as Risk Appetite Wanes, Canadian Unemployment Rate Hits 3-Year High
US Dollar, Euro at Risk Ahead of Speech by Fed's Bernanke, ECB Rate Cut
The euro, US dollar, and Japanese yen face hefty event risk next week as the European Central Bank is anticipated to cut interest rates and Federal Reserve Chairman Ben Bernanke is scheduled to speak on the financial crisis and policy response. Based on past experience, comments by central bank chiefs tend to be some of the biggest market-movers out there, which should keep forex, stock, and fixed income traders on their toes.
* Federal Reserve Chairman Bernanke Speaks on Crisis, Policy Response - January 13
Federal Reserve Chairman Ben Bernanke is scheduled to speak in London at 08:00 ET on the financial crisis and policy response, and this could prove to be one of the biggest market-movers of the week due to its potential impact on risk sentiment. If Chairman Bernanke is bearish on prospects for the financial markets and global economy, his comments could have very negative repercussions for the stock markets, and we could see flight-to-quality spark demand for Treasuries, the US dollar, and Japanese yen. On the other hand, if he announces a new type of policy action or if he manages to inspire confidence that conditions will not get significantly worse, risky assets could rally.
* US Advance Retail Sales (DEC) - January 14
No surprises here: the Commerce Department is forecasted to report that US retail sales fell negative for the sixth straight month in December. This is particularly negative because the holiday shopping season is supposed to be a boon for retailers, but even the most aggressive discounting wasn’t able to offset the impact of a deteriorating labor market, tighter credit conditions, and a year-long recession. More specifically, advance retail sales are anticipated to have contracted 1.2 percent during the month, and excluding auto sales are expected to have slumped 1.3 percent. We’ve already heard disappointing results from a variety of sources, including Mastercard’s SpendingPulse survey, which showed that holiday spending tumbled 4 percent in December from a year earlier (excluding gasoline). As a result, another contraction in advance retail sales is likely, and these may mark a rather consistent trend through the first half of 2009 as well. As we saw with US non-farm payrolls, the impact of a disappointing result may be limited, as the Federal Reserve has already cut the fed funds target to a record low range of 0.0 percent - 0.25 percent and has no room to cut further.
* Australian Employment Change (DEC) - January 14
The Australian labor markets have tightened substantially over the past few years, as the unemployment rate dropped to multi-decade lows of 3.9 percent in February. However, after the Reserve Bank of Australia left interest rates at a 16-year high of 7.25 percent for much of 2008, the labor markets have shown signs of deterioration, along with domestic demand in general. While the RBA has since cut rates by 300 basis points to 4.25 percent, and will likely continue to cut rates through the end of the year, the Australian unemployment rate is anticipated to pick up to 4.5 percent from 4.4 percent while the net employment change is forecasted to fall negative for the second straight month by 20,000. The latter report tends to have a greater impact on the Aussie since the figure rarely meets expectations and can lead to volatile short-term price action for the Australian dollar immediately following the news at 19:30 EDT.
* European Central Bank Rate Decision - January 15
The decline in Euro-zone CPI estimates below the European Central Bank’s 2.0 percent target, steady increases in unemployment, and increasingly pessimistic consumer and business confidence all suggest that the central bank will do as the market’s expect: cut interest rates by 50 basis points to 2.00 percent to match the 2005 record low. This easily leaves the 7:45 ET announcement as one of the most important pieces of event risk this week, but traders will also have to look out for comments by ECB President Jean-Claude Trichet during his post-meeting press conference at 8:30 ET. Mr. Trichet is one of the most opinionated central bank chiefs around, and suggestions that the ECB will continue to cut rates have the potential to lead the euro far lower. On the other hand, if the ECB goes the route of the BOE and signals that they may leave rates unchanged during their next meeting, the currency could actually rally.
* US Consumer Price Index (DEC) - January 16
The release of the December reading of the US Consumer Price Index (CPI) could lead the term “deflation” to be used abundantly in coming weeks and months (one that became very popular in November, according to Google Trends). Indeed, CPI is forecasted to have plunged 0.9 percent during December while the annual rate is anticipated to have fallen negative for the first time since 1955 by 0.1 percent. Excluding volatile food and energy prices, though, core CPI may have risen a slight 0.1 percent during the month, leaving the annual rate to edge down to a more than 4-year low of 1.9 percent from 2.0 percent. Overall, the news could weigh on the US dollar if CPI does indeed fall negative.
ForexGen offers three types of business partnerships:
*Introducing Broker
*White label
*Money Manager
ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.
[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.
New Zealand Dollar Interest Rate Outlook Weakens Further
The New Zealand dollar pushed higher against the greenback for the fifth consecutive week as oil prices crossed above $50 a barrel for the first time in nearly a month. The rise in crude drove the commodity-based currency to test 0.6000 during the week, but the sharp pullback in global commodity prices paired with the lack of momentum to close above the psychological resistance continues to favor a bearish forecast for the kiwi-dollar.
The New Zealand dollar pushed higher against the greenback for the fifth consecutive week as oil prices crossed above $50 a barrel for the first time in nearly a month. The rise in crude drove the commodity-based currency to test 0.6000 during the week, but the sharp pullback in global commodity prices paired with the lack of momentum to close above the psychological resistance continues to favor a bearish forecast for the kiwi-dollar.
Meanwhile, deteriorating fundamentals paired with financial uncertainties is likely to weigh on growth for the $128B economy throughout the first half of the year, and as the Reserve Bank of New Zealand is widely expected to continue their easing cycle, the interest rate outlook could drag on the kiwi going forward.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month! 
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Canadian Dollar Struggles For Advance As Dour Data Matches US Reads
The Canadian dollar has come off a very important run for fundamentals; yet it seems the nation’s tumble into recession was overshadowed by its neighbor’s steeper decent. Looking ahead to this coming week though, the health of the Canadian economy and its currency will certainly build a presence of its own.
The Canadian dollar has come off a very important run for fundamentals; yet it seems the nation’s tumble into recession was overshadowed by its neighbor’s steeper decent. Looking ahead to this coming week though, the health of the Canadian economy and its currency will certainly build a presence of its own. From a list of notable event risk, the top fundamental indicators next week are somewhat longer-term. First up, the Bank of Canada will release its outlook for business activity (sales) taken through the fourth quarter. This is indicator is relatively volatile from reading to reading; but the general trend is hard to miss over a longer period of time. For some comparison, the gauge was in the teens and twenties back in 2005 (indicating expectations for strong sales going forward) and this past year numbers ranged from -1.96 to 3.96. This reading will further fit into that broader trend to help guide expectations for overall economic growth going forward – though with expectations for a seven-year low -5 reading, the number may be a market-mover in its own right.
Also due from the Canadian central bank at the same time is the Senior Loan Officer Survey. This is a relatively new reading for most Canadian dollar traders; but be assured it is very significant to the fundamental health of the markets and the currency. The survey polls lenders to see what percentage of financial institutions are seeing tightening of lending conditions. Putting this reading into context, Canada was perceived as riding out the financial crisis through October relatively unscathed – meaning there was less of a chance for defaults among major firms or that lending would severely influence growth trends. However, last month, a record (going back to 1999) 50 percent of those surveyed reported tighter credit conditions through the third quarter. For the forth quarter that tally is expected to rise to 55 percent.
As credit evaporates from the market (and investors are aware of such a fact) the speculation for growth and the currency will grow increasingly sensitive to general risk trends (just like the pound or US dollar and their leveraged influence to such sentiment). If lending conditions tighten more than expected, it could have serious repercussions in lending activity and investor confidence going forward.
[ForexGen Money Manager]
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with [ForexGen]:
* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:
* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
Tuesday, January 6, 2009
A Forex Market Order
This is an order to buy or sell a given currency at the current market price. This means that the trader will be buying at the “current” ask or selling at the “current” bid that is quoted. The market order can be used to enter or exit trades. When placing a market order, the currency trader specifies the currency pair that he wants to buy or sell and the number of lots or contracts he wants to trade.
With most currency trading platforms, this order is placed with a single click and is executed instantly at the current rate quoted.
Often small market makers are unable to fill market orders instantly and usually re-quote traders. This can be a major source of problems as unnecessary costs of trading are incurred that can affect performance over time and the profitability of each trade.
However, this type of order is very popular with certain trading strategies i.e. strategies which react to market conditions and require instantaneous execution of a trading position, ether to enter or exit. Therefore it is important to make certain you are trading through a firm that have the necessary credit lines within the Interbank market to attract large hedge funds and money managers as clients. This will ensure you can obtain the necessary liquidity required to execute market orders regardless the size, with no hassle.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.
How Not To Exit A Forex Trade
Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around.
Then if the market continues to move against them, they move out to the hourly chart to look for a reason to stay in the trade. As the market continues to move against them, they shift to the daily chart to hope to find a reason to stay in the trade. The next step is to get a margin call because they have no funds left to maintain their position.
Of course, the main issue here is that they were looking for a way to stay in a losing trade rather than closing it out at a small loss. Taking a loss does not mean that you do not know what you are doing. Too many new traders think that losing a trade means that they are losers or that they aren't smart enough to trade. Nothing could be further from the truth though.
Professional traders understand that if they trade, they will have losing trades. That is really the only guarantee in the field of speculation. How you handle those losing trades has as much to do with your success as a trader as any other factor. You don't have to like losing, but you must accept the fact that all trades cannot be winning trades. You have to keep those losing trades small enough to be able to make up for them with your winning trades.
Switching time frames to justify staying in a trade is not how you keep your losses small. Identify your exit point before you get into the trade and stick to it. Judge yourself from month to month rather than on every pip move in the market. Be consistent in your approach and stay in one time frame from the beginning of the trade to the end of the trade.
[ForexGen Live Account]
The live/real account is provided to those clients who may have some experience in the online trading.
[Opening an Account Online]
The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
What Exactly is the Employment Situation Report?
The Employment Situation Report, also commonly called the Labor Report, is an economic indicator that basically reports on the number of people out of work in the country, as well as on general wage rates, etc. The first part of the Employment Situation Report is called the household survey, which surveys approximately 60,000 households throughout the country about those out of work. From that number, the general unemployment rate is calculated. In other words, the household survey is a very powerful survey that helps determine the country’s overall unemployment rate.
The household survey is basically a lagging indicator, which means that any changes that occur in the number of people out of work usually happen after changes in an economy. If the economy is strong, the number of people out of work will generally soon decrease (positive effect on the currency rate), while if the economy slows down, the effect on the number of unemployed people might not be felt until a few months later (negative effect on currency rate).
The household survey is also countercyclic in nature, which means that the overall unemployment rate moves in the opposite direction of the overall economic trends. If the economy is in a growth mode, that means that the unemployment rate will decrease, while if the economy is weakening, then the unemployment figure will increase.
The establishment survey, which is the second part of the Economic Situation Report, measures hours worked and overall hourly earnings throughout the country. It does this by surveying about 400,000 businesses nationwide. It is considered a coincident economic indicator, as it changes when the economy changes. If the number of hours worked and the overall wage increases, then the economy is moving in the same direction at the same time.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make [ForexGen]
incomparable to any other rival.
Accounts and Brokers AND Common Misconceptions
A forex trading account is much like other types of accounts you may find at stock brokers or commodity brokers. Usually there are no commissions involved in forex trading, as brokers are compensated through the bid/ask spread. Although brokers offer tight spreads on forex contracts, as little as 3 pips on the EUR/USD for example, with large volume that can add up to substantial revenue for the broker.
A managed account is structurally the same as a self-traded account, except clients sign a Limited Power of Attorney giving a professional money manager access to trade their account. Traders have trading authority only, they cannot deposit and withdraw funds. The account is always in the name of the client, never give funds to a non-registered individual. Any professional would never accept client funds directly, funds are always handled by registered institution.
When you are investing in forex funds are not leaving the country! You are trading on the interbank market (or off-exchange market) in either case, brokers settle their aggregate positions end of day in a similar method to stock exchanges, debiting and crediting profit and loss to client accounts. It is not as if your funds are being ‘wired’ out of the country and back.
The forex markets are some of the most technologically sophisticated in the world due to their simplicity. In forex there are less issues relating to execution, auditing, and clearing, which enable the software to be designed small and simple. For trading for profit, or for designing automated trading systems, forex is clearly the superior market.
[ForexGen Demo Accounts Contest]
Win Cash Prizes[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name:
- Phone number
Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.
By the end of each contest:
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.
The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Forex Strategy
Many people think that to trade currency you need to evaluate a countries economic performance, interest rate policy, and other macro-economic and geopolitical factors. While this no doubt influences the forex market, it is no longer the base of many traders’ strategies. A new kind of trading is quickly evolving, based on mathematical analysis of prices, called indicators. If you have ever traded you are probably aware of common indicators such as RSI, MACD, Moving Averages, and Bollinger Bands. But programmers have expanded on this to create their own custom indicators, and some strategies monitor a plethora of indicators creating a super-indicator, which generates buy / sell signals. These strategies are very effective because traders can do an extensive amount of testing before trading live money on them. Finally, when live money is traded and it has a track record, the system can be easily replicated.
One popular platform, Meta Trader, allows anyone to download a demo version of their software which is 100% free. There are nearly 200 brokers in the world using this software platform, so if you find a technique which is working, you can open an account at one of these brokers and implement it with few problems. That means also that a programmer can code a strategy and use it at any of the brokers using Meta Trader platform. Strategies are compiled in files called “Expert Advisors” and can be implemented by clients without programmer or trader intervention.
Due to the lack of restrictions and cost, there is a growing international community working on strategies for trading. Of course most of these people are amateurs, but not all of them. And in this case, being an amateur can be an advantage, because you have time to dedicate to the strategy (which requires a high degree of concentration) and possibly money to invest. Also you do not have rules imposed on you by a company or a market; it is a free development environment.
ForexGen offers three types of business partnerships:
*Introducing Broker
*White label
*Money Manager
ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.
[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.
Sunday, January 4, 2009
How Many Kinds of Main Strategies are There in Forex Trading
There may be dozens of strategies in Forex trading. Let's just talk about the roots.
Nature Of Market:
Everything in the universe has its NATURE. So is Forex market. So is every currencies pair in this market. For example, GBP/JPY always moves faster, and its wave range is longer than other pairs, such as a hundred pips during a day or even a hour. EUR/GBP generally waves narrowly several pips only within a day. For American, EUR/USD and GBP/USD like to sleep in day and dance at night. AUD/USD and NZD/USD look like twin, they commonly act in the same style, if one of they goes north, another one does not like to go south. But EUR/USD and USD/CHF are doomed to be enemy, while one of them flies up like a hydrogen balloon, the counterpart mostly will drop like a lead ball. And so on, so on.
Once we find this kind of "Nature of Market", we can develop and figure out some strategies for particular currencies pairs, just follow their nature, predict their moving direction and range. Then we will get our own trading strategy and system.
Fundamental Trading:
In Forex market, many professional analysts like to use a kind of method to predict the future. It is so-called "Fundamental Analysis". Based on this method, they develop many kinds of strategies to trade Forex. These are strategies of forecasting the future price movements of currencies based on economic, political, environmental and other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the foreign currencies.
If you like to try Fundamental Trading, you need learn and understand a lot of finance knowledge. Actually, not only finance knowledge, you need to be interested at many things of this world, including politics, economy, geography, culture, diplomacy, even military affairs. And you need to study the core underlying elements that influence the economy of a particular entity. For example, when the USA's GDP or employment report is strong, you begin to get a fairly clear picture: the general health of America's economy is good. So the US dollar should be stronger than other currencies. But how far can the US dollar go? Fundamental Trading may not answer this question very accurately. You may need to come up with other precise tools as to how best to translate this information into entry and exit points for a particular trading strategy.
Hedge:
In finance, a hedge is an investment that is taken out specifically to reduce the risk in another investment. Hedging is a strategy designed to minimize exposure to an unwanted business risk, while still allowing the business to profit from an investment activity.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
know Guide to Choose a Forex Trading Platform
platform account regularly consists of four steps: selecting an account type, registration, account activation and confirmation. Here are few tips of choosing a great platform
1. Open a mini account
Try opening a minuscule FOREX account with two or three platforms if you desire and ultimately consolidating your money to the one that seems to work best for you. Take time making decisions on which FOREX trading platform you want to work with and don't be troubled to ask tons of questions.
2. Get spot account
Make certain you're getting a forex spot account and not forwards and futures account. Almost everybody uses spot market as it is easier to rollover your position.
3. Policies
Be certain that you feel comfortable with FOREX trading platform policies before registering. Look for these few stuff
- Bid/ask price on main currency pairs
We hope that the first part of this article as brought you a lot of much needed information on the subject at hand.
- quantity of margin that is vital per trade
- lowest trading unit size
- No unknown commissions or other trading fees
- Reliability of the trading platform
4. Competitive spreads
Look for the most competitive spreads as this will lower your expense when you trade FOREX. If you're trading thickly, it might expense you a complete lot addition of money for not receiving a great competitive spreads. Competitive spreads varies about 3 to 5 pips and if you're receiving a paste of 8 pips or more, just snub this platform.
[ForexGen Money Manager]An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with [ForexGen]:
* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:
* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
Currency Exchange Tutorial
What are currency pairs?
Currency pairs are units of 2 currencies involved in a foreign exchange trade. For example, if you want to sell U.S. dollars to buy Euros, you would look at the exchange rate quoted for the EUR/USD currency pair. Or, if you wanted to sell Euros to buy U.S. dollars, you would look at the exchange rate quoted for the USD/EUR currency pair.
You might thinking: “Aren't they the same thing?” Well, they almost are, but you must look at the correct pair, in the correct order, based on the currency being purchased.
There are two reasons for doing this:
First, it is easier to calculate the results of your exchange in terms of how much of the base currency you can purchase with your 'quote' currency. Your base currency is the currency you intend to buy, and the quote currency is the currency you intend to sell in exchange for the base.
When quoting an exchange rate, your broker will list the base currency first in the pair, and the quote currency second.
This means that when you see a pair like EUR/USD, you are seeing the cost of 1 Euro in U.S. Dollars. An exchange rate quote of EUR/USD = 1.4436 means that 1 Euro costs $1.4436 in U.S. Dollars.
Likewise, the USD/EUR pair indicates the cost of 1 U.S. Dollar in terms of Euros. An exchange rate of USD/EUR = 0.6834 would mean that 1 U.S Dollar costs 0.6834 Euro.
The second reason for looking at the correct buy/sell ordered pair is that you'll want to know the difference between the 'bid price' (exchange rate) and the 'ask price' (what the market makers want for the currency).
The difference between bid price and ask price make up what is known as 'the spread'. Forex traders are subject to spreads when opening or closing trades in the buying position.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.
Earning Money From Forex
Aside from the salary people get from their jobs, many people invest in other money making opportunities to augment their earnings. Investing will diversify your portfolio and provide you the realization of a dream of making it big. Providing for yourself and your family the luxuries everyone dreams of is the goal that many people want to achieve. People take risks every time, getting the big house and the flashy sports car or getting your kids to college are aspirations that are worth taking the risks for. While there are many endeavors we can invest in, the forex is a worthy venture, sure the risks are high, but the payoffs are higher.
In a nutshell, forex stands for foreign exchange. In the Forex market, currencies or money from different countries are bought and sold every day. The goal is to make profit; profit comes from the fluctuation of the values of each countries currency. The global market dictates the value of each currency, among others, the demand for the domestic supply of goods and services alongside international trade influences the rising or lowering of the value of their currency. Forex generally is the selling of one currency and the buying of another. It is the largest and most liquid market in the world, with a daily volume of 1.4 trillion dollars.
With a market that big, the forex is dominated and controlled by large financial capability institutions and organizations. Usually it is the large international banks that do business with the forex market. Do not be surprised if you hear about single transactions that could amount to about half a billion dollars. Here, currencies are exchanged daily, when exchanged it is all the time in pairs. One is regarded as the base currency, where in the second currency are based on. Usually the American dollar is used as the base currency except for the Euro, British pound and the Australian dollar.
When the quoted currency moves higher it means that the base currency has gained in its value and vice versa. The base currency is always one; it is the quoted currency that fluctuates. For example, a quote for a British pound would look like: Pound/Dollar 2.135, which means that a British pound is worth 2.135 dollars. If you think that the base currency is going to rise in value, buy the quoted currency beforehand and sell them off when the value of the base currency drops and vice versa as well.
[ForexGen Live Account]
The live/real account is provided to those clients who may have some experience in the online trading.[Opening an Account Online]
The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
Earning Pips in Forex
Global forex trading (GFT) has become a by word among traders whether via on line or land based trading. With the offshoot of a dynamic and volatile global economy the demand for GFT is churning it up to $2trillion dollars daily all over the world.
Information technology, made GFT allows traders to deal with large amounts of capital which was unthinkable during the 1990's, it made GFT considered as a lucrative investment tool for many traders. GFT traders is a profitable profession as the global economy embarks on a new phase of development.
Global forex traders are always active, twenty four hours a day, seven days a week in any part of the world. GFT is the most active business because it works around the clock. Some GFT traders earn lots and pips even at home using an internet connection and a computer. If you want to be a GFT trader, you may either be working in a bank or be an online global forex trader.
Global forex trading is actually trading foreign currencies coming from all over the world. GFT works by placing a bet of another currency against another currency, you earn pips or lots depending on the market trend in the economy.
Basic characteristics of global forex trading are: first, global forex trading is different and separate from the stock market. Compared to the stock market, GFT is usually bullish because the demand is always high, the first type of trading has two market trends, it can either be bullish or bearish. It is bullish if there is a great demand for stocks and bearish if the market is running on a loss. It is when the market is bearish, when you start buying some stocks the prices are low.
Global forex trading is running 24 hours a day round the clock and you come in anytime you want.
Global forex trading gives you an advantage of leveraging, it can be risky if the market trend is running at a loss, so don't invest, it is best to put a stop on your bets, but if the market trend is running on profits, leveraging can work best for you to maximize your profit potential in GFT.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make [ForexGen]
incomparable to any other rival.