Foreign exchange (forex) trading is an attempt to make money from the relative movements of different world currencies. For instance, today one US dollar (USD) may purchase 0.7095 Euro dollars (Euros). Tomorrow, one USD is likely to buy a different amount of Euros. The change will likely be very small, but over the period of a week, the change may be significant. A week later, for example, one USD may buy 0.6995 Euros.
In the example above, if you had spent 1,000 USD to purchase 709.50 Euros, a week later you could have sold your Euros for 1,014 USD, making a nice profit of 1.4% in just one week. Most forex brokers will allow you to use leverage to increase this amount considerably. However, leverage magnifies both your gains and your losses.
A forex broker makes money from the difference between what the buyer pays for the currency and what the seller receives for the sale. This means that there is no commission on each sale; it is built in. This is very similar to the way a market maker on the NASDAQ makes money.
Very few people were aware of or involved with forex brokers and foreign exchange trade until recently. In the past, only large banks and very large corporations or investors took advantage of the foreign currency market. However, there are now thousands of forex brokers that allow people to open accounts and trade through the Internet. This has allowed almost anyone with an interest in trading foreign currencies to set up an account and begin trading.
A good forex broker provides both training and assistance. In principle, foreign exchange trading is as simple as buying low and selling high, not unlike the advice given to stock traders. In practice though, foreign exchange trading is much more difficult to do. For beginners, it is important to choose a forex broker who can provide training and assistance. Research on the Internet can help one locate a good forex broker.
The qualities you should look for when choosing a forex broker include a low spread, the quality of the institution associated with the forex broker, the tools and information the broker makes available to you as the trader, the software provided for making the trades, the availability of leverage options, and the length of time the broker has been in business. A low spread is important, as it is equivalent to the commission you pay on each trade. Most brokers are associated with a large financial institution or bank, and you should choose a forex broker with such an association. A good forex broker should also be registered with the Commodity Futures Trading Commission. Definitely avoid any forex broker who is not registered!
While you can guess as to which way the currency markets are going, you will have more success if your trades are based on some research and a system. A good forex broker will have the resources and tools in place to make this research easy. All foreign exchange trading is done online, so it is important that you are comfortable with the software used to do the trading. A good forex broker will have trial or demo versions available so that you can evaluate how well the system works for you before making any real trades.
Leverage is a very powerful option, so make sure that the forex broker you choose has the leverage options you need and are comfortable with. Finally, choose a forex broker who has been in business for some time and has a good reputation. Only very experienced traders should consider using a new brokerage.
[ForexGen White Labels]
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Monday, 12 January 2009
What is a Forex Broker?
Automated Forex Robots
4 Key Points to Consider to Find the Best
The Overwhelming majority of Forex robots simply don't work and if you want to find one that does, looking at the 4 key points enclosed will help you find the best...
In recent years there has been a huge rise in the number of robots claiming they will help you enjoy financial freedom with no effort and most fail miserably to live up to the hype. Let's get rid of the bulk of them first.
1. Does the Track Record look to Good to be True?
You see them all the time, pay a couple of hundred of dollars and get a track record that is better than the worlds top fund managers. If you see ones with these statements then be very wary of them.
- Double your Profits every month
- Trade with 90% accuracy or more
- Draw downs of less than 1%
- Losing periods of under a week
This is not the reality of Forex trading!
Normally these systems produce back tests and simulations, knowing the closing prices, or present testimonials and trading results that are not independently verified.
Fact:
The top fund managers wouldn't be earning millions of dollars in annual salaries if the Robots worked, they would be out of there jobs and join the world enjoying financial freedom, trading Forex robots for the price of a night out.
Now you can win but look for some evidence of real gains, independently monitored and look for a track record of a few years in length
2. What to Look for in a Real Track Record
So what gains can you expect to see?
The best will do compound growth of around 30 - 100% per annum and the higher the gain, the bigger the draw down. You can normally expect a peak to valley drawdown of 20 - 50%, depending on the risk profile of the system. A typical drawdown will be a few weeks to a few months.
The gains are excellent - but you have to ride out short term losses, all the best traders do and you will as well.
3. Know the Logic
Never buy a black box system where the logic is not revealed. You need to know the logic to have confidence, to follow the system with discipline.
4. Support and Ease of Use
Look for good, prompt support from the vendor. Dry run the system to make sure everything is in place before you trade real money, don't just jump in, make sure you are prepared and are confident in operating the system.
Long Term Profits in 30 Minutes a day or less
The best robots will give you great long term profits but you have to have the confidence to apply them with discipline, as you need to take short term losses to make long term gains.
If you do the above, you could soon be making great long term gains with an automated Forex robot and enjoying currency trading success.
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.
Automated Forex Trading Systems
A Free System That's Works and Has Made Millions
You can buy a Forex robot but the ones you see heavily advertised online but they don't ever deliver the gains they say they can and most deliver an equity wipeout. The good news is you can get a free trading system that has worked for a quarter of a century and will continue to work. Let's take a look at it in more detail...
Before we look at our great system, let's see why you should avoid the ones sold online, with hyped advertising.
Most of these systems rely on back tests or simulations as the basis for their track records i.e. done knowing the closing prices. Of course this is easy but you don't get the closing price in advance when you trade in real time!
Some system vendors produce real track records but there not independently tracked, you have to take the word of the vendor. I would be happier with an independent audit.
Of course its fantasy to say you can double your profits every month, with no real drawdown. No system has ever done this long term or ever will.
So what gains can you expect with the best Forex Robots?
It depends on the risk you wish to take but the best will turn in solid gains of 30 - 100% annual profits and this is a great return on your investment.
[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.
Currency Trading System
Here we will show a simple method you can base your currency trading system on which will always work, is simple to understand and can make huge gains. Let's take a look at it in more detail...
The method we are going to look at is simply buying or selling new highs or lows on a currency chart.
If you take a look at any currency chart, you will see that all big trends start and continue from breakouts to new highs and lows and they last a long time, many last several weeks, months or even years.
Most traders hate breakout trading, because they are obsessed with buy lows or selling highs (even though that's impossible) and they think when a break comes, they have missed the move. They then want to enter on a pullback but the trends don't pull back and they miss the opportunity.
Its not about pinpoint market timing it's about the odds of the trade.Valid breakouts make huge profits so don't think about the little bit you missed, think of the huge amount that could be coming!
Breakout trading works and you can put a simple, robust, trading system together quickly. Let's look at how to do it.
Step 1 - Use Bar Charts
Just simple charts and look for areas of support or resistance that have been tested a few times and are considered important by the market. The minim number of tests is 2 but the more the better and generally, if there in time frames wide apart that's better too.
The really good breakouts only come around a few times a month so be patient, you want the big high odds trades.
Step 2 - Confirm the Break
Not all breakouts continue of course so you need to filter them and for this you need some momentum indicators to confirm that price momentum is accelerating. Two good ones to use are the stochastic and RSI. These indicators give confirmation of whether momentum supports the break or not.
There are other momentum indicators but the above two are a good place to start. Don't use too many one or two is enough.
Step 3 - Stops and money Management
Stops are easy behind the breakout point. The real key to making money is trailing the stop, don't move it too quickly! If you are trading big breakouts, you need to give the market room to breathe and accept dips in open equity. A moving average near a key trend line, is a good way of doing it. We like the 40 day MA, then look for strong level around this average.
Keep in mind you will always give bit back at the end of a trend but the big trends can last many weeks or months and if you get just 70% of these trends, you will make a lot of money.
Breakouts A Timeless Method for Profits
Sure breakout trading is simple but it works and its obvious why.
If you put together a simple system and apply it with discipline, you could soon be making triple digit gains and enjoying currency trading success.
[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"
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Forex Expert Advisors - EA
Many forex systems are sold online as mechanical automated trading systems, or in Metatrader language called Expert Advisors. Expert advisors are programmed mechanical forex systems designed to work on certain trading platforms, called Metatrader platforms. The Russian designed trading platform is now the most popular trading software among brokers and traders.
An EA could be as simple as a technical indicator (a small software which shows market conditions, up, down, trends, etc..), or could be a sophisticated program based on complicated mathematical and statistical algorithms and several other pre-designed indicators.
The expert advisor, as its name indicates, gives advice to the traders as when to buy, sell or close a position and usually it will also tell the trader what size of trade to take. Also, the EA has the functionality and power, if authorized, to automatically place trading orders, or cancel them, buy, sell, and close forex positions!
1. Market Entry
All expert advisors should advise the trader when to enter or leave the market. It can also place orders at market or at another price automatically. The Expert advisor should collect the relevant information from previous historical chart data, and base the decision on that information. The level of information to be collected depends greatly on the parameters which should be entered manually by the trader.
2. Order direction
The EA will also decide, besides market entry, the direction of trade, either buy or sell. 3. Money Management
If required, the EA can also apply money management to your trades. A good expert advisor should know how much to buy or sell, by applying known money management techniques. Some expert advisor would simply change the size of order according to the equity. Some would use a more complicated algorithm. Some do not apply any money management rules.
4. Stop Losses and Take Profit
Expert advisors also have the ability to place, change, or remove stop losses and take profits orders.
5. Trailing stops
There is nothing better than expert advisor to monitor your open positions and use trailing stops. The EA is there 24 hours monitoring your trades and ready to execute anything relevant to what it was programmed to do.
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As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.
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Thursday, 8 January 2009
How to Trade Successfully in The Forex Market
This article is about money management and trading psychology. This is the lesson that you never get with 99% of other Forex systems that you have come across.
I find it interesting that most of the systems out there don’t include this because if they actually were successful traders, they would know that this was the key to success and to leave it out makes an incomplete system that won’t work!! This tells me that the people that wrote them or are selling them aren’t traders at all. They are just in the business of selling HOPE!
Well, if you haven’t noticed yet, I am a trader, and I am different than the others. Don’t get me wrong, there are honest trainers out there, I learned from one and I am eternally grateful to him.
So let’s get on with this. First of all, this is my own interpretation of several sources, and the practices that have worked for me. Please read EVERYTHING you can find on trading psychology, and money management. There are a lot of slightly different views but overall, they are very similar and the main important points are all pretty much the same.
There are two main issues that cause 99% of the problems. Can you guess what they are?
If you answered FEAR and GREED, you are correct. These two emotions are probably responsible for 99% of the worlds problems as well but that is beyond the scope of this course À .
So, now that we know what the big obstacles are, let’s try and figure out how to overcome them. In the course of my lessons, I have listed a few but I will put them all together here in one place so that it is easier to follow, and perhaps make it easier for you to develop your own system to help you trade better.
We can’t eliminate fear and greed. They will still be there in your heart and mind, but we can make some rules so that they don’t interfere with your trading success. We can come up with systems and procedures to follow, since we KNOW ahead of time that fear and greed are major problems. I’m sure you have heard the statistic that 95% of all speculative leveraged traders FAIL. This is absolutely true. Here is another statistic that I
believe…100% of traders that don’t know how to overcome fear and greed will FAIL. So does that mean that if I can teach you how to overcome these problems that your chance of success is 100%? Of course not. But I can tell you that you cannot be successful if you don’t protect yourself from yourself.
In lessons 1-3 I have outlined a trading system. The first thing you must do, whether you follow my system, another system, or your own system is to follow the rules of the system WITHOUT FAIL. If your system calls for a certain entry point, do not enter until there is a signal to enter.
Systems are designed for a reason. That is why it is called a system. What do we learn from this? Patience. Perhaps the stupidest thing you can do is enter a trade on a hunch.
This brings us to our first FACT:
The odds are in your favor before you enter a trade. This is true for most trading systems. Void of fear and greed, if you follow each system exactly, you will profit. Some systems may offer better profits than others, but overall you should be able to profit with any system, IF you have no fear and no greed.
This brings us to THE BIG SECRET. Other than omitting trading psychology, other systems also don’t tell you that you are playing a game of odds. Let’s say for example that we are playing “coin toss.” Theoretically, for 100 flips of the coin, 50 will come up heads, and 50 will come up tails. Of course, the first 100 may be 55/45, but the more you play, the closer to 50/50 the numbers will get. Our system for “coin toss” is as follows: We play for 20 hours, and flip the coin exactly 5 times each hour, and for every heads that comes up, we get paid $2, and for every tails that comes up we pay $1. This should be a profitable system. After our game we see that heads came up 50 times and tails came up 50 times. (Stay with me here). So at the end of 100 tosses, we have paid $50 and received $100. A profit of $50.
So let’s say that during our second game of coin toss, we decide that we are going to let the flipper(hint: the market is the flipper) keep flipping the coin for an hour while we take lunch but we are not going to pay or be paid for those flips. During our lunch hour, heads comes up 5 times in a row (which is theoretically possible, and not that unlikely). And now we are back from lunch, and we are down $10 for the hour. Now, theoretically the odds of 5 tails in a row coming up after 5 heads in a row are pretty good because for every ten tosses, you should have about 5 heads and five tails. So now we get 5 tails in a row and now we are down another $5, for a total of $15. So not counting the 5 tosses during lunch, this leaves 90 tosses that we still have to account for and let’s say that they were 45 heads and 45 tails. Our profit for these tosses is $45 (45x2 minus 45x1), now if we take away the $15 for the tosses we didn’t take, and that string of losers, we are left with a profit if $30. So lunch and 5 lousy spins cost us 40% of our profits.
[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 syste
My Succesful Steps ( or Forex Trading Course For Newbie Trader)
Hello newbie traders! I am also a young forex trader but have my own forex strategy. It is not strategy of a forex professional, but the strategy that I use to get money from FX every month. Each of us wants know the best way to be a successful forex trader. I think the best way is to study yourself and get experience. There are many web sites with free articles, different seminars, forums which can help you develop your own system.
Read, read and read. In this instance my bible is “Technical Analysis of the Financial markets by John J. Murphy”. Own system … it is GREAT ! But in reality your own system is a period of hard work within a year or more. I also work under it, but all interesting is always here – CURRENTLY, not in the future! That’s why I prefer make money when I create my own system. When I started at forex I had been trading demo account for 3 months. This period of my work is a period when we accumulate trading information - buying books, going to seminars and researching. I graduated I-Trade FX. But before doing that, I would like to be able to learn everything I can from free sources like this great forum – MoneyTec.
I have been browsing this forum for the 2-3 months) and just taking great knowledge and experience from forex traders! Most of my favorite forex links I see at the simple forex directory AllForForex. The next step is to be careful and to get money. I use forex trading signals and forecasts. In my opinion forex forecasts is a very good service for a newbie trader. You can receive forex signals with entry point, stop loss and take profit levels. Some good sites that sell forex signals are FXUniversal(their DashBoard FX is an ideal solution for those who do not have time or experience to analyze effectively the market within 24 hours a day or 6 days a week), FXMaster. I prefer FinRise’s forex trading signals free of charge . I see them by their long term results. Now, I follow their signals with half of my account balance and I trade the rest myself. I have found them to be an open and honest signal provider.
Want to know why ? That’s why – below is my statement for October/November 2005 (each position was opened by signals from FinRise): Statement available here http://forex-trading-your-online-future.blogspot.com/ As you can see, it is an honest service with loses , but real profit at the end is inevitable! FinRise helps me to control and to correct my own forex trading system. Using their signals – I see how to trade today, and if my system says me "sell" , but FinRise says "buy"– I just do not trade :), and correct my system if necessary –when the next day I see – who was right. I wish you to create your own profitable forex system, but your desire to make money right now must live ! Use my successful steps for your way to gain profit at the forex market! At the end please read and remember these simple famous rules which a forex trader must know!
1. Always trade with the trend.
2. Never risk more than 5-10% of your trading capital in a single trade.
3. Never trade without protective stops.
4. Never let a profit run into a loss.
5. When you in doubt, get out. Do not get in when in doubt. Newbie forex trader.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month!
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
How to Choose the Right Commercial Mortgage Broker
Commercial mortgage forex brokerage is an elaborate process that involves the performing of an extensive series of tasks and building a solid broker – client relationship so that all the parties involved can benefit from the collaboration. With the help of an experienced and dedicated commercial mortgage broker, the borrower benefits from professional assistance in structuring the deal, while the lender benefits from better exposure and credibility and has the opportunity to integrate in a prominent, reputed group of lenders. Commercial mortgage brokers play major roles in closing the right deals, so whether you are looking for an appropriate commercial loan or you are interested in lending funds, it is crucial to collaborate with an experienced, reputed and reliable broker in order to be provided with professional assistance.
A highly competitive commercial mortgage broker should have in-depth experience in the field and advanced counseling, administrative, analytical and processing abilities, vital traits in commercial mortgage brokerage. As a borrower, you should look for a commercial mortgage broker who collaborates with a large number of reliable lenders; this way the chances of closing the perfect deal are substantially increased.
Also, it is advisable to employ the services of a mortgage brokerage company that is well-defined in the market, a company powered by numerous specialized teams of professionals, able to efficiently service the borrower’s needs. Considering the fact that the process of closing a commercial mortgage deal involves plenty of work, you should ensure that the commercial mortgage brokerage company of your choice is appropriately staffed to handle all the required paperwork and other important aspects. From the lender’s perspective, the right commercial mortgage broker should have a high position in the market and as many active collaborations with major lenders as possible.
To make sure that you will find a commercial mortgage broker who has the required expertise and the right professional skills, it is advisable to perform an elaborate analysis of the market, relying on various sources: media (you can rapidly find a reliable commercial mortgage brokerage company by browsing specialized websites on the Internet or by reviewing newspaper articles), private sources (you can obtain recommendations from professionals who constantly collaborate with commercial mortgage brokerage companies – real estate lawyers and accountants, for instance) and face-to-face meeting (a great way of finding more things about a certain company is to schedule a meeting with that company’s representatives in order to provide you with answers for your questions regarding credentials, professional achievements and specific policies.
When looking for the best commercial mortgage broker for your business’ needs, it is advisable not to make hasty decisions. You should take your time and carefully investigate the market in order to find the right broker. By performing an in-depth research and analyzing all possibilities, your chances of identifying the best commercial mortgage broker are substantially increased and this way you will be able to get the most out of your next commercial mortgage transaction.
[ForexGen White Labels]
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Forex Trading System - Best Mathematical Algorithms For Profit
The trend in Forex trading systems is towards using complex mathematical algorithms to predict Price turns in the market but which are the best? Lets take a look...
Lets first of all define what a mathematical theory is - it's a theory that works all the time. Now as yet, there is no algorithm that works all the time and the reason is quite simple - the markets don't move to certainties just probabilities but are any of these complex theories able to make a profit?
Most Forex trading systems that make money are simple not complex!
The more complex you make the rules the more likely it is to fail as there are too many elements to break.
You see a lot of vendors selling systems online which are supposed to beat the markets but they don't. These vendors simply do a back test on data knowing the closing prices and bend the system to fit the data. Going forward of course you can't do this and the system collapses and loses.
We see technology enrich our lives in many areas but in the Forex market technology and complicated theories don't and the reverse is true they help you lose. If you want an example of how technology doesn't help you then consider this:
30 years ago 95% of traders lost and the ratio remains the same today, despite the amount of technology traders throw at the market.
If you want to enjoy trading success, forget about technology and complication and keep it simple and robust; you then need what I will refer to as the missing link and that's the correct mindset.
Trading is not about just a method, it's about having the discipline to apply it.
If you don't have the discipline to execute your trading signals, you have no system.
You have to trade with discipline through periods of losses until you hit a home run and this is something most traders simply cannot do. They either think they won't face these periods or lack the confidence to have the discipline required.
The Good News
Is anyone can learn to trade, as trading is essentially simple and anyone can adopt the right mindset if, they have confidence in what there doing and they have the right Forex education.
If you want to win at Forex, forget mathematics and complex theories, use a simple one instead, apply it with discipline and you will be well rewarded for your efforts.
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.
Wednesday, 7 January 2009
Advantageous Features of the Forex Market
Fees associated with Forex Trading: Due to the fact that the forex market is decentralized - there are no exchange or clearing fees involved. There are no government fees or brokerage commissions. Forex brokers make their money through the spread - so when evaluating a broker, you should consider how tight a spread they offer.
No fixed lot size: Unlike other markets, the flexibility of lot size allows participation in forex trading with a very small account size (sometimes as low as $......).
High Volume and Liquidity: The electronic marketplace offers almost instantaneous transactions and the volume traded is greater than all the stocks and futures markets combined - over $1.9 trillion.
Around the clock access: Unlike the stock market, the forex trader is able to get in or out of a position at any time, day or night.
Highest leverage available in any market: Most online brokers offer 100 to 200 times leverage.
No Uptick Rule: Unlike the stock market, where traders cannot short a stock in a downtrend without an uptick - a forex trader can short a currency pair whenever they want.
Insider Trading: Due to the sheer size of the forex market, insider trading and other manipulations (such as an attempt to corner a market) are far harder to achieve than in other arenas.
Bull/Bear Market: In the stock market, the majority of investors are long and suffer in a bear market. However, in the forex market, due to the fact that if you are long one currency, you must be short another - there is an equal opportunity for profit whether a market is rising or falling.
[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.
Forex Market Participants
The main participants in the forex market are central banks, commercial and investment banks, hedge funds, pension funds, corporations and private speculators. An estimated 95% of the daily trading volume in the is done by speculators and investors - ranging from the individual trader to the leading banks of the world.
The remaining 5% is traded by companies and governments who need to convert profits made in the course of doing business into their domestic currency.
The advent of online trading has made the forex market more accessible than ever before - opening up the opportunity to individual speculators in a less expensive and more efficient manner.
[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"
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Currencies Traded in Foreign Exchange
Virtually any currency can be traded through a broker - providing it is backed by an existing nation. Currencies are defined by three letter symbols, where the first two letters stand for the name of the country and the third stands for the name of the currency.
The major currencies are: the US Dollar (USD), the Euro Dollar (EUR), the Japanese Yen (JPY), the British Pound Sterling (GBP), the Swiss Franc (CHF), the Canadian Dollar (CAD) and the Australian Dollar (AUD). All other currencies are known as minors.
[ForexGen Promotions] As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.
* [Claim Your Bonus ]
* [Live Account Contest ]
* [ Demo Account Contest ]
* [Refer A Client ]
* [Scalping enabled Account]
Introduction to Forex Trading
Forex refers to the foreign exchange market, where brokerage firms and banks are connected over an electronic network that allows them to convert the currencies of countries around the globe.
The forex market is the largest and most liquid financial market in the world. The daily dollar volume of currencies traded in the currency market exceeds $1.9 trillion, many times larger than the combined volume of all U.S. equities and futures markets.
While forex trading used to be executed exclusively between government central banks and commercial and investment banks, trading forex has become increasingly accessible to private investors thanks to the PC and internet.[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 syste
Best Times To Be Trading The FX Market
Best times to be trading the FX market and the most volatile pairs to watch
The global forex markets trade from 5:00 PM EST Sunday through 4:00 PM EST Friday. Short term trading is usually best when there is good volatility.
Having said that lets take a look at the different global sessions and their characteristics:
European Trading Session (London)
The most important fx dealing center in the world.
London opens at 8.00 GMT and closes at 17.00 GMT. You can expect to see the highest volatility during the European session. GBP/USD, USD/CHF, GBP/JPY and GBP/CHF see the most volatility with average daily ranges of up to 140 pips.
U.S. Session (New York)
Opens at 8.00 A.M EST and closes at 5PM EST.
The second largest forex market place. The busiest time is 8am to noon EST.
Trading activity normally slows down after the U.S. afternoon trading period. GBP/USD, USD/CHF, GBP/JPY and GBP/CHF see average daily ranges of 120 pips during the US trading session - presenting many opportunities for the day trader.
European/U.S. Overlap
8am - noon EST. The market is very active during this period, making it an especially good environment for intraday trades.
Asian/European Overlap
2 a.m to 4a.m. EST. Trading is less active during this period.
Asian Session (Tokyo)
The Asian session opens at 7.00 p.m. EST and closes at 4:00 a.m. EST.
Volatility can be mixed during this period. USD/JPY, GBP/CHF and GBP/JPY have the widest ranges and present the short term trader with the greatest opportunity in terms of volatility.
[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, 6 January 2009
Why Forex: MARGIN
Trading on margin means that you can buy or sell assets greater than the value of your account. You may be able to trade on margin in other investment accounts, but nothing like you can do in the FOREX market. Because currency exchange rates generally only fluctuate 1-2% daily, you can leverage your investment dollar for greater returns. The most common margin is 50:1, but you can find some trading accounts that will up to 200:1 margin.
For example, if your risk capital is $10,000, you could control $500,000 to $1,000,000 in currency contracts. This type of leverage gives you the potential to make profits very quickly, but you can also lose your money just as fast. It is recommended to have a disciplined investment plan that does not put all of your capital at risk and is followed by stop losses to protect your returns.
[ForexGen White Labels]
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Is Forex Trading Right For You
FOREX is the abbreviated termed used to describe the world's largest foreign currency exchange market where of 1.5 Trillion dollars is traded on a daily basis. This more than 100 times the trading volume that occurs on the NYSE, and is fast becoming the hot spot for individual investors. A market that was once only accessible to large corporations and government entities is now available to individual investors with online trading accounts. Despite the hype and excitement around this market, is it right for you?
ACCESSIBILITY. Unlike most investment markets that open and close with the ring of a bell, the FOREX market is open 24 hours a day, six days a week. Trades can be made anytime the market is open from your home computer through the major trading centers located Sydney, Tokyo, London, Frankfurt and New York. Because of this you can act instantly upon news that may affect the market.
LIQUIDITY. Because of the high volumes that are being traded in this worldwide marketplace, there will always be a buyer or seller available for your trade. The trades occur in the "spot" market so your position closes immediately, avoiding the risks sudden market swings. The liquidity also helps insure price stability and lower spreads.
VOLATILITY. The FOREX market is always moving. Because of the liquidity of the market, you can make money when the market is moving up, down or even sideways. Volatility in other markets is oftentimes equated to risk or loss, but in the FOREX market volatility equates to profit potential.
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.
Hedging Speculative Positions
Foreign currency traders utilize foreign exchange hedging to protect open positions against adverse moves in foreign exchange rates, and placing a foreign exchange hedge can help to manage foreign exchange rate risk.
Speculative positions can be hedged via a number of foreign exchange hedging vehicles that can be used either alone or in combination to create entirely new foreign exchange hedging strategies.
[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.
Foreign Investment / Stock Exposure
Foreign investing is considered by many investors as a way to either diversify an investment portfolio or seek a larger return on investment(s) in an economy believed to be growing at a faster pace than investment(s) in the respective domestic economy. Investing in foreign stocks automatically exposes the investor to foreign exchange rate risk and speculative risk. For example, an investor buys a particular amount of foreign currency (in exchange for domestic currency) in order to purchase shares of a foreign stock.
The investor is now automatically exposed to two separate risks. First, the stock price may go either up or down and the investor is exposed to the speculative stock price risk. Second, the investor is exposed to foreign exchange rate risk because the foreign exchange rate may either appreciate or depreciate from the time the investor first purchased the foreign stock and the time the investor decides to exit the position and repatriates the currency (exchanges the foreign currency back to domestic currency).
Therefore, even if a speculative profit is achieved because the foreign stock price rose, the investor could actually net lose money if devaluation of the foreign currency occurred while the investor was holding the foreign stock (and the devaluation amount was greater than the speculative profit). Placing a foreign exchange hedge can help to manage this foreign exchange rate risk.
[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"
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Monday, 5 January 2009
What Is A Mini Forex Account
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The following are the characteristics of a Forex Mini Account.
Minimum required account deposit = $300
Recommended required account deposit = $2,000
Traded in 10,000-unit currency lots
Default Margin: set at 0.5% ($50 per mini-lot)
Leverage up to = 200:1
Contrary to what you may be tempted to think, there is no downside to trading a Forex mini account, you will be enjoying all the benefits that full-size FX account holders enjoy; including, same state-of-the art trading software from your broker, charts, resources, and tools. This mini accounts are ideal for a new Forex trader to develop a disciplined, rational forex trading strategy and technique without excessively focusing on the fear naturally arising from thinking too much about profits and losses.
One more great new for the starting forex trader is that there is no maximum trade volume when you use a mini account. Although the standard trade size is 10,000 units, you are not limited to trading one lot. For instance, you can trade 10,000 units or even 200,000 units. Allowing that, as you become more seasoned and build up your confidence you can slowly increase the size of your positions to maximize profits. This ability to customize the size of the trade will allow you to have a better risk management of your money.
[ForexGen Promotions] As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.
* [Claim Your Bonus ]
* [Live Account Contest ]
* [ Demo Account Contest ]
* [Refer A Client ]
* [Scalping enabled Account]
