How to Use Bar Patterns to Spot Trade Setups

Tuesday, January 13, 2009

13 Instructional Charts With Simple Explanations

If you are a trader or are the least bit interested in trading, you're most likely “chart-centric.” A good chart is priceless if it helps to identify a great opportunity.

But without the right education, you could be missing high-probability trade setups that should be staring you right in the face.

That's where our FREE report, How to Use Bar Patterns to Spot Trade Setups, can help.
EWI Senior Analyst Jeffrey Kennedy shows you how bar patterns often introduce sizable moves in price.

The five-page report includes 13 instructional charts and simple explanations that teach you how to spot specific bar pattern formations, including the Double Inside Day, the Arrow, and the Popgun.

[ForexGen Services]


Client Services

  • Customer Support
  • Trading Support
ForexGen Partnership

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 large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

1 O'clock Forex Trade Pattern

Pattern 1. “Triple B” Reversal – This is one of Chris’ own discoveries. It is a unique formation that occurs following a steady trend. It is a true indication of overbought/oversold, because it is distinctly reflected in PRICE ACTION (not an indicator) and uses Fibonacci applications to find low risk entries

Pattern 2. The “Rip Tide” Reversal – One of his favorites, because it can pay quickly, Chris and his former fund manager partner discovered this one trading GBP. It considers specific previous dealing points and Fibs while combining daily range and volatility to pick the entries.

Pattern 3. Head and Shoulders – Now we know everyone in trading knows this one AFTER THE FACT. The key to trading this pattern is to get in at the tip of the right shoulder and take some profit BEFORE the neckline, while keeping some for the follow through. Chris shows you distinct characteristics to look for to find your ideal entry at the height of the right shoulder.

Pattern 4. Lori P38 Reversal – This pattern is found in unique key reversal scenarios and is less common. Following a key reversal move, this pattern gets you into the second leg, which is often a substantial move.

Pattern 5. The Gartley Pattern – This is an age old Fibonacci based pattern that can present itself in many forms. This pattern can seem very complicated or difficult to find, Chris simplifies it and shows you exactly what to look for using key visual aspects involving Fibonacci retracement and extension levels, along with range, in some cases. As there are many variations of this pattern, Chris makes this pattern simple.

Pattern 6. The Butterfly Pattern - Discovered by Larry Pesavento, this is a more advanced high probability false breakout pattern that Chris has added to the course for those who have the interest to diversify their pattern trading opportunities. It is probably one of the most profitable patterns in trading.

[ForexGen Scalping Enabled Account]

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen] offers traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

*Trade the news without intervention or restrictions
*Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.

*Place scalping orders without intervention or restrictions.
*A client-friendly trading environment, No re-quotes.

*Ability to place orders inside the spread

*Competing rates from multiple banks

*Spreads are variable and can move sharply

*Ideal for active or professional FX traders


For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com, or you can [chat] with our representatives, you can also[request a call back]from one of our agents by sending us your contact number and the best time we can reach you.

FX Trading Online

FX trading online is automated, and you can easily trade through the Internet 24 hours a day while the market is open. There is no need for retail premises, or to employ staff.
When you want a break, you can simply close your positions and stop trading. Compare this with owning a normal business where you need to arrange for someone to cover you if you want to go away on holiday.

There is no paperwork as this is also automated. You can view your positions and account balance on-line. You generally pay no direct fees as the broker uses the difference between the buy and sell price as his profit. Typically on a single $100,000 trade, the cost is around $50 to buy and $50 to sell.

You can easily start trading part time without having to leave your current job or business. Most trading platforms give you the ability to place stop positions to protect your profit, or close out a loss making position before the market moves against you.

Forex Trading Demo
It’s very easy to get a forex trading demo account with a broker allowing you to practice as long as you want before opening a live forex account.

24 hour Currency Trading
One of the benefits of currency trading is that the market is very liquid 24 hours a day. No other financial market even comes close to this.

Forex Trading at Home
One big advantage of forex trading is the opportunity to work at home and spend more time with your family. All you need is a good internet connection and a windows PC.

Forex Regulation
Many people who open their own business spend a lot of time and money in complying with a range of government regulations, filling in returns and keeping up to date with various laws. You may have to pay for licenses and collect sales tax. This is accepted as part of running a business, but reduces the time available for you to make money for yourself.
In comparison, FX trading is the essence of free market capitalism.

Nepotism and ability to play organisational politics counts for nothing in the FX markets. There is no-one holding you back and you will succeed or fail based on your ability to develop and implement a trading strategy.

[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

Why Trade Forex?

Forex Trading Advantages
One of the benefits of forex trading is that the small investors has opportunities that may not be available in other markets, or other forms of investment.

High Yield Forex Trading
FX trading is one of the few businesses where a trader can realise a large fortune starting with a small initial investment. This is because FX trading is highly leveraged, so a small margin can control a large position.
FX markets can show significant price movements, so there is a potential for large profits and losses.

This leverage and price volatility gives you an opportunity to make a high return on your money, or conversely make significant losses. Other pages on this site help you to develop a strategy to maximise profits and to close out losses quickly while they are still manageable.

Reality of online forex trading
The Reality of forex trading is obtaining the fortune mentioned above requires a lot of hard work and it is far from easy, but it can certainly by done by most people who have a passion for trading and are prepared to work hard.

Forex Liquidity
The global FX market is very liquid due to its huge size and turnover. This means that you can easily enter or exit trading positions at the current market price whenever the market is open. The actions of a trader are unlikely to cause any significant impact on such a huge market and there will always be a buyer or seller at the market price.
In an illiquid market, such as low turnover shares, taking or exiting a position may move change market prices. In addition, a counterparty (another buyer or seller) may not be available to allow you to transact.

Openess and transparency
The FX market is also transparent. This means that any information that affects the market prices is available to all market participants. Small FX traders have access to the same information that large institututional traders use. This can again be contrasted with the stock market, where insiders may have access to price sensitive information such as unreleased sales figures not available to other stockholders.

The sheer size of the FX market (turnover of over $1 trillion per day) also means that it can’t be manipulated easily. Whilst large institutional traders or governments can cause small short term price movements, the market is too large and has too many participants for medium or long term prices to be manipulated.

Opportunity to trade long term trends
The FX markets often show long term trends. This means that when trading the forex market, the trader can take positions in the market over longer periods of time and take advantage of large long term movements which can represent significant profits. This is because currency prices movements reflect long term economic conditions. Prices move in trends as traders come to a consensus and buy or sell currencies over a period of months as prices move from one equilibrium point to another. This is certainly a big advantage of currency trading.

Forex Swing Trading
FX Trading offers the opportunity for swing trading. This is where positions are held overnight but generally not for the long term.

FX Day Trading
Trading can also be intraday. FX Intraday trading is where positions are opened and closed on the same day and are not held overnight.
Minor capital requirements
One of the great principles of forex trading is the fact that a trader can open an account with less than $1,000. Since your position is leveraged (that is you transact on margin), you can trade a position of up to $100,000 for every $1,000 of your own money. Some brokers also offer mini-contracts which have a margin of only $100 which allows you to trade a position of $10,000.
This is usually a lot less than the amount required for other investments. We recommend that you invest more than the minimum required as this will allow you to absorb any initial losses.

[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.

US Continuing Claims Reach Fresh 26-Year High

Thursday, January 8, 2009


US Continuing Claims Reach Fresh 26-Year High, Signal Dismal NFP Results Tomorrow


US initial jobless claims fell by 24,000 during the week ending January 3 to 467,000, but as we mentioned last week, employment reports for the last two weeks of 2008 should be ignored as the closure of government offices on the holidays, such as New Year's Day, skew the numbers.

However, this makes the results of the count of continuing jobless claims even worse, as they rose by 101,000 to a fresh 26-year high of 4.611 million during the week ending December 27 despite the theory that fewer people would be able to file claims. This does not bode well for tomorrow's US non-farm payrolls figure and the unemployment rate, as the labor market is forecasted to have lost at least a half million jobs, and also suggests that the US dollar could pull back further.

US Continuing Jobless Claims (Weekly)


[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.

Pound Rises after BoE Cuts Benchmark Rate By 50 Bps, But Leaves Doubt of Further Easing

The BoE cut their benchmark rate by 50 bps as expected bringing it to 1.50% which is the lowest in the history of the central bank which extend back to 1694. The concern that inflation would undershoot their 2% target was the main reason for the reduction as prices are expected to fall further.

• Japanese Yen: Finds Support At 91.60
Pound: Cuts Benchmark Rate To Historic Low of 1.50%

Euro: Recession Confirmed As Confidence Drops To Record Low
• US Dollar: Initial Jobless Claims On Tap


Pound Rises after BoE Cuts Benchmark Rate By 50 Bps, But Leaves Doubt of Further Easing

The BoE cut their benchmark rate by 50 bps as expected bringing it to 1.50% which is the lowest in the history of the central bank which extend back to 1694. The concern that inflation would undershoot their 2% target was the main reason for the reduction as prices are expected to fall further. The committee also expressed concerns that the outlook for investment continues to deteriorate and stated that further measures were needed to boost lending to businesses. However, the central bank claimed that the pound’s significant drop and falling inflation will provide stimulus to the economy. The comments were somewhat hawkish and left doubts of further easing, which sent the pound up over 100 pips to test 1.5200.

A slew of European economic data crossed the wires today furthering the case for an ECB rate cut. Economic confidence fell to a record low of 67.1 from 74.9, while consumer confidence dropped to -30 from -25. Final GDP numbers for the 3Q confirmed that the economic region is in a technical recession as it posted -0.2% growth. Meanwhile, the unemployment rate rose to 7.8% from 7.7% which was the highest in two years. Germany, Europe’s largest economy showed signs that the current downturn may continue to accelerate as exports fell by a record 10.6%. November factory orders in the export driven nation dropped by 6.0% after a decline of 6.3% the month prior, which dragged the annualized to a record low of 27.2%. The Euro would drop a 100 bps leading up t the data, after a brief period of consolidation the Euro would weaken as the pound strengthen against on the back of the BoE’s comments.

Swiss fundamental data added to the dour outlook for Europe as unemployment jumped to 3.0% from 2.7% which was the highest in 19 months. Companies have been forced to cut payrolls as global demand has dried up for Swiss goods. Meanwhile, inflation fell to 0.7% from 1.5% adding to the global deflation concerns which may spur other central banks to employ quantitative easing similar to the Fed. After falling to as low as 1.0918 yesterday, the dollar/franc has pushed back above 1.1000.

Today’s jobless claims number is expected to rise to 545,000, adding to the deteriorating labor picture. Indeed, yesterday’s ADP report that showed the economy lost 693,000 jobs in December making initial estimates of -500,000 for tomorrow’s NFP reports look tame. The dollar has come under pressure as the outlook for growth in 2009 worsens. However, as traders start to anticipate the same fallout from the financial crisis in Europe and Asia, the dollar may resume its upward trend over the medium term. Expect the greenback to continue its weakness against the Yen and Swiss Franc in the short term, as risk aversion has taken hold of markets as forecasts for a rebound in growth get pushed out until 2010.

[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.

[ForexGen] serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Euro-Zone Economic Confidence Slumps to Record Low on Global Recession

Economic confidence in the Euro-Zone fell to its lowest level since recordkeeping began in 1985 as the index plunged to 67.1 from 74.9 in November and unemployment rate increased to a two-year high of 7.8%, which suggests that the real economy is now feeling the spillover effects from the financial crisis.

Fundamental Headlines

• Lenovo Expects Loss, Plans Major Revamp – Wall Street Journal
• Wal-Mart Elevates Sam's Chief McMillon – Wall Street Journal

• RBS eyes sale of £2bn Chinese stake – Financial Times

• Satyam Founder’s Fake Reports Threaten Software Maker – Bloomberg
• Intel, Time Warner Shortfalls Signal Further U.S. Forecast Cuts – Bloomberg


EURUSD – Economic confidence in the Euro-Zone fell to its lowest level since recordkeeping began in 1985 as the index plunged to 67.1 from 74.9 in November. As a result, the consumer confidence index slipped to -30 from -25 amid expectations for a 1 point drop to -26, while sentiment among businesses fell to -3.17 from a revised reading of -2.10 in the previous month. Meanwhile, the unemployment rate increased to a two-year high of 7.8% from 7.7% in October, which suggests that the real economy is now feeling the spillover effects from the financial crisis, and will likely push the jobless rate higher this year as financial uncertainties linger. Furthermore, the final GDP reading for the third quarter was confirmed at -0.2%, while the annual rate of growth held steady at 0.6%. Nevertheless, German factory orders plunged another 6.0% in November, which was followed by a 6.3% decline in the previous month, and conditions are likely to get worse as demands from home and abroad falter. The data reflects a dour outlook for the 16 economies operating under the euro, and may lead the European Central Bank to ease policy further over the coming months as growth prospects deteriorate at a record pace. Discuss the topic and your trade ideas in the EUR/USD Forum.

CHFUSD – Price growth in Switzerland slowed more than expected as it fell to its lowest level in 15 months. The consumer price index slipped 0.5% after falling 0.7% in previous month, which lowered the annual rate of inflation to 0.7% from 1.5% in November. The breakdown of the report showed that energy prices dropped another 8.0% following an 8.2% contraction in the previous month, while transportation costs fell 1.9% during the month. Meanwhile, Switzerland’s unemployment rate increased to 2.8% from 2.7% in November as fading demands from the home and abroad led companies to scale back production and employment. Easing price pressures would allow the Swiss National Bank to leave borrowing costs at 0.50% for a longer duration in response to the economic downturn, and may decide to ease policy further as policymakers expect economic activity to deteriorate throughout 2009.





[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.

Dollar Up Against Euro

Dollar up against euro, pound on weak German data, British rates anticipation

The U.S. dollar regained a little ground against the euro on Thursday after weak economic news from Germany, and rose against the pound ahead of a British interest rates decision.

In morning European trading the 16-nation euro bought $1.3585, a little below the $1.3658 it bought Wednesday night in New York. The pound slipped to $1.5058 from $1.5107.

The dollar had lost ground Wednesday after U.S. companies gave bleak profit outlooks.

On Thursday, however, an official estimate showed that exports from Germany -- Europe's largest economy -- declined by more than 10 percent in November compared with the previous month. It also showed Germany's foreign trade surplus running at euro9.7 billion in November, compared with euro19.4 billion a year earlier.

Meanwhile, markets were looking ahead to the Bank of England's meeting later in the day, and widely expected another interest rate cut from the current level of 2 percent.

Lower rates can help jump start an economy, but weigh on a currency as investors seek higher returns elsewhere.

Traders also expect that the European Central Bank, which meets Jan. 15, will likely continue cutting interest rates for the euro zone from its current 2.5 percent.

[ForexGen Services]


Client Services

  • Customer Support
  • Trading Support
ForexGen Partnership

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 large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Technical Analysis of Forex Market and Large Number of Technical Indicators Line Studies

Wednesday, January 7, 2009

Technical analysis is research of market dynamics that is done mainly with the help of charts and with the purpose of forecasting future price development in different forex broker competition.

Technical analysis comprises several approaches to the study of price movement which are interconnected in the framework of one harmonious theory. This type of analysis studies the price movement on the market by means of analyzing three market factors: price, volumes, and, in case of study of futures contracts’ market, of an open interest (number of open positions). Of these three factors the primary one for technical analysis is the prices, while the alterations of forex broker competition are studies mainly in order to confirm the correctness of the identified price trend. This technical theory, just like any theory, has its core postulates.

Technical analysts base their research on the following three axioms:

*Market movement considers everything
This is the most important postulate of technical analysis. It is crucial to understand it in order to grasp rightly the procedures of analysis. The gist of it is that any factor that influences the price of securities, whether economic, political, or psychological, has already been taken into account and reflected in the price chart. In other words, every price change is accompanied by a change in external forex broker competition. The main inference of this premise is the necessity to follow closely the price movements and analyze them. By means of analyzing price charts and multiple other indicators, a technical analyst comes to the point that the market itself shows to her/him the trend it will most likely follow.

This premise is in conflict with fundamental analysis where the attention is primarily paid to the study of factors, and later on, after the analysis of the factors, to conclusions as to the market trends are made. Thus, if the demand is higher than the supply, a fundamental analyst of forex broker competition will come to the conclusion that the price will grow. Technical analyst, however, makes her/his conclusions in the opposite sequence: since the price has grown, it means the demand is higher than the supply.

*The prices move with the trend
This assumption is the basis for all methods of technical analysis, as a market that moves in accordance with trends can be analyzed, unlike a chaotic market. The postulate that the price movement is a result of a trend has two effects. The first one implies that the current trend will most likely continue and will not reverse itself, thus, excluding disorderly chaotic movement of the market. The second one implies that the current trend will go on until the opposite trend sets in.

The history repeats itself
Technical analysis and studies of market dynamics are closely related to the studies of human psychology. Thus, the graphical price models identified and classified within the last hundred years depict core characteristics of the psychological state of the market. First of all, they show the moods currently prevailing in the market, whether bullish or bearish. Since these models worked in the past of forex broker competition we have reasons to suppose that they will work in the future, for they are based on human psychology which remains almost unchaged over years. We can reword the last postulate — the story repeats itself — in a slightly different way: the key to understanding the future lies in the studies of the past.

[ForexGen Scalping Enabled Account]

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen] offers traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

*Trade the news without intervention or restrictions
*Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.

*Place scalping orders without intervention or restrictions.
*A client-friendly trading environment, No re-quotes.

*Ability to place orders inside the spread

*Competing rates from multiple banks

*Spreads are variable and can move sharply

*Ideal for active or professional FX traders


For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com, or you can [chat] with our representatives, you can also[request a call back]from one of our agents by sending us your contact number and the best time we can reach you.

Global Futures Trading Index

The Global Futures Trading Index is a proprietary indicator of Global Futures. It shows bottoms and tops in trends and should be used together with the Global Futures Trend Index for exact timing. If the market is in a clear uptrend according to our trend index, go long if the Global Futures Trading Index shows a reading below 35. The reverse is true in a downtrend.

Go short or buy puts if the index gives readings of 55 or above when the Global Futures Trend Index is below 20. Cover all your shorts if the index trades below 35 in a bearish trend. Please bear in mind that this index is a contrary indicator and therefore when these signals are given, they will be most likely contrary to most of the news of the moment and the opinions of the well known and most widely quoted gurus of Wall Street.

[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

Wall Street Courier Index

The Wall Street Courier Index gives you a longer term picture of the stock market. Readings below 40 indicate a heavily oversold market which is ripe for an upturn. Readings above 50 flash a warning signal and you should use trailing stop-loss orders to protect your profits.

This index serves longer-term oriented position traders very well. It is also a contrarian indicator and once again we would like to remind you that charts usually look most bullish at tops and most bearish at bottoms.This indicator has an excellent track record as you can see.

[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.

Global Futures Timing Indicator

This indicator, like the Global Futures Bottom Indicator, is unknown until now to the investment community and is not available anywhere else. To our knowledge there is no previous mentioning of this indicator in any financial publication.

It was also developed by R. Koch of Wall Street Courier. The Global Futures Timing Indicator gives buy signals more often and is an excellent supplement to the Global Futures Bottom Indicator, especially when this one has readings between 6 and 25. It prevents investors from buying at the wrong time and it works also very well for option speculators and position traders because of its expert timing.

Both indicators together should improve your trading substantially and will build you an estate in the years ahead. Both indicators together should improve your trading substantially and will build you an estate in the years ahead. Just start buying good value stocks whenever the readings of the Global Futures Timing Indicator shrink to single digit numbers. This takes of course a lot of guts because the opinions of the widely quoted gurus are usually contrary at this time. Minus readings indicate an intermediate bottom.

[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.

Internet Marketing VS Forex Currency Trading

Tuesday, January 6, 2009

Have you noticed that when someone's trying to sell you something - such as a system for making money - they always make it look far easier than it is?
Let's look at two Internet businesses, almost as diametrically opposed as it's possible to be - Internet Marketing and Forex Currency Trading.
You've probably heard the old Internet adage - build a better website and they will come. Well it ain't true!

You could put up a site advertising dollars for a dime and they still wouldn't come - because they wouldn't know where to look!

Let's look at what you need to have in place in order to build a successful Internet marketing business.
First of all, you need a product. If you've been reading the recent Internet marketing blurb you'll know you need a niche product.
Actually, the new thing is sub-niche but whatever they call it, you need a product for which there is high demand but low supply.

Finding a suitable niche is the hardest part of the whole process but let's say you have a killer product, what else do you need?
The List.
Ask any Internet marketeer and they will say that the most important part of your business is your opt-in list.

For people to join your list you usually have to give them something of value such as a free eBook or report on a subject related to your main product line.
To keep them interested, you need to keep in touch with them offering them additional information, advice and tips.
Website.

To promote your opt-in list you need a website (although there are other ways of promoting your list, too) with features that will encourage people to sign up to your list.
You also need a killer website with killer copy to describe - and sell - your killer product. This may or may not be the same as the one you use for your opt-in list.
Killer copy.
Maybe you're not a good copywriter. There are many eBooks on the subject that can help you or you can pay someone to write copy for you.


[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.

[ForexGen] serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Forex Trading Is Driven By Five Top Economic Indicators

Many factors affect Forex trading. It is critical to know and understand the various factors that cause the Forex to fluctuate from day to day. The foreign exchange market will change depending on the economic factors that play a role in the movement of currency.

Economic factors and indicators are released by the government or by private organizations that can look in depth at economic performances. These indicators can be used to analyse economic performances from any country. The economic reports measure a country's economic health, in addition to government policies and current events.

For the most part, a reputable broker can look at economic indicators and know which trades will be best. Reports on these indicators are released at scheduled times and can tell if a certain country is experiencing improvement in the economy or if the country's economy is on the decline. When the prices fluctuate, a great deal one way or the other, the price can be affected.
Current events and the state of the economy in any given nation is one of the top economic indicators used when analyzing the Forex. Factors such as unemployment numbers, housing statistics and the current state of a country's government can all affect changes in the Forex. When a country is feeling optimisitic about the current state of affairs in their country, prices of the Forex will reflect this. When a nation experiences political unrest, large amounts of unemployed workers and inflation, the rate of the currency will be reflected. Sometimes, this indicator tends to be overlooked, but can serve as an important gauge in the fluctuations of the Forex.

The gross domestic product,or GDP,is another economic indicator used when looking at the foreign exchange market. The GDP is considered the widest and broadest measure of the economy in a country. The gross domestic product represents the total market value of all goods and services that are normally produced within any given country. This is usually measured in the time frame of a year, and not in weeks or months. Using a larger time period gives good statistics on the products and services that are produced in the country. This indicator is not used alone when forecasting the Forex. The GDP is considered a lagging indicator, meaning that is a measurable factor that changes after the economy has already began to follow a certain trend.

[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.
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* 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.

What Can We Learn From An Equity Curve?

When we choose a forex trader to use as a third party signal provider we want someone with a smooth steady uptrend in their equity curve. The aim of this article is to point the reader in the right direction for things to look out for when examining a potential signal provider' s equity curve.

The first thing we want to look out for is a trader who made all of their profits in one place (graph to the right). As you can see from the equity graph to the right, this trader made nearly all of his profits in a day or 2 This generally means that the trader took huge risk to make an attractive profit on paper and attract investors. What you don't see is that if these risky trades are not successful, the trader simply abandons the account and starts a new account with the same goal in mind.

Remember, I'm not saying that a huge win in a short period of time is a bad thing. I'm just commenting that this particular trader has nothing to lose when this gain is made and there is no reason for him to not just abandon the account if the trade goes bad. Some traders start with nice gains and are very good traders. This is just something to look out for.
The next type of trader we look out for is the trader who has regular dramatic losses (graph below). In the graph below you can see the repeated dramatic losses this trader takes.

The reasons for this could be a number of things. When a trade goes wrong for this trader the wheels may just come off and his system may go out the window. More often then not though (and it is the case with this trader) they pyramid losses. What this means is that they constantly keep adding to losing positions in hopes that they were originally right about the trade and they will be able to make huge profits. As you can see the effect is most often the exact opposite.
As a trader you should know to only add to your winning positions. I would think if you were going to let someone else trade with your capital you would want to be sure that they knew this very basic rule.

At the time of this writing this particular trader has over 20 systems up and running with more than 500 people trading his signals. Under 20% of his systems are winners over all and I suspect within a short while that number will drop to 0%. Adding to losing positions in part of his system. Its only a matter of time before this fatal flaw catches up with him. Make sure that you're not around trading signals like this when it finally does.

When you see a graph that looks like it goes in a pretty steady up trend (below) with few major draw downs you have probably found a trader that is at least worth a closer look. There very well may be other reasons not to trade this particular signal provider, but at least now you have a trader that you can stick in your demo account and gather more information.

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ForexGen offers three types of business partnerships.

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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 large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Choosing A Third Party Signal Provider That Works For You

With the growing popularity and easy access to the foreign exchange (ForEx) market, more and more people are drawn to it as their financial vehicle of choice. Along with this popularity come all the extras. This includes all kinds of software, trading systems for sale, books, videos, and third party signal party providers.Today I’m going to touch on a few points when seeking out a third party forex signal provider.

Before we get into choosing a provider we need to have a good understanding of what a third party signal provider is. A signal provider is a trader or analyst that generates trades that in turn get placed on your account. You can have several signal providers trading your forex account or just one.

Like anything else, all third party signal providers are not created equal. At first glance a trader may look like a home run. That same trader may well end up completely torpedoing your entire account in one afternoon. To help make sure this doesn’t happen we’ll set down a few guidelines. These guidelines will give us something to look for when choosing our third party signal provider.

1. The first thing I look at is weather the trader is a winner or a loser. This may seem obvious to nearly everyone, but I often see losing signal providers with 50-100 people trading their signals.

2. The next thing I look at is how long they have been a winner. If a trader has been winning for a week that means nothing to me. I recommend that you don’t trade any signal provider with less than a few months of results to show you. Any one can place a few good trades one week and get lucky. If you are going to be trading this trader’s signals they need to be established.

3. Look at the max draw down. This is the largest peak to trough draw down in equity that the trader has historically had. Some traders refuse to take a loss. This causes them to hold on to losing trades forever or until they turn to a winner. Turning a loser into a winner sounds great, but it will eat up a huge chunk of margin and may never turn around. If it doesn’t turn in your direction, you will have your entire account destroyed by a trader that could have taken a 30 pip loss but held on until it was an 800 pip loss.

4. The first three are easy to look at. They will be displayed right on the main screen of signal providers to choose from. Once you get a few signal providers you are thinking of using, its time to dive a bit deeper into their history.
o Look at their actual trades. Do they have a good win rate because they have opened a ton of trades all at the same time on the same currency pair? They may have 20 winners in a row. This looks great, but if you look a bit deeper you will see that its really only 1 winning trade places 20 times. Not as impressive is it?
o Look at their draw down on individual trades. Do they let a trade go 300 pips against them and then close it out when it hits 5 pips of profit? This is a trader who lets their losses run out of control and cuts their winning trades short. It’s not a trader that you want in control of your money.
o Do they add to losing positions? A trader who constantly adds to losing positions hoping it will turn for them is not someone you want trading your account.

5. Choose a signal provider that suits you. Some traders may provide larger returns over time, but take bigger risks leading to bigger draw downs. This might be OK with you. If you are more conservative and cannot stomach large drops in equity you probably should choose a more conservative trader.

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How Much Is Enough?

This often happens by not having enough start up money. So how much do you need? The short answer is, "It Depends". It goes much more in depth than that though.

Most traders are way underfunded. I often see people trying to trade a system with a 3000 pip drawdown with a $3000 account. While in theory it looks like you should survive and thrive in this situation, past experience has shown me otherwise. In a similar situation lets say that you're trying to trade a system with a max drawdown of 900 pips with a $1000 account. If you were to hit that 900 pip drawdown right off the bat you would have a 90% drawdown. To get back to even you would need to go on a 1000% rally. This is not at all likely.

Factors to consider:
• What is the traders max drawdown?
• How much margin is tied up in open trades?
• How much history do you have on the trader?
A traders max drawdown can be deceiving. You need to realize that this is the max draw down that has happened "so far". If you don't have a lot of history on a particular trader you probably shouldn't be using their signals in the first place, but you definitely shouldn't trust their max draw down.
You also need to factor in margin requirements. This is money that is not available for you to draw down. You WILL get margin called, and all of your trades will be closed, if you don't take this into consideration.
So How Much Is Enough?

To be safe, you should choose a trader with enough history to have a reliable drawdown. Then once you figure how many trades they generally have open at a time, you can determine your margin requirements. My account never has less than twice the max drawdown of a trader plus whatever margin requirements may be. I also use this formula when adding new signal providers. This allows me to know that I am not at risk of a margin call as long as I monitor my accounts daily.

I also add up the maximum ammount all of their trades draw down and then divide it by the number of trades. This will give you the average ammount of pips that their trades run against them. This number is never more than 5% of my account balance. To be conservative you should probably try to keep it under 3%. This may seem quite conservative, but it allows you to survive and trade another day.

If you do choose to trade with an underfunded account because you want to "take a shot", that is fine as long as you know that that is exactly what you are doing. You may go on a run at the beginning and never look back. But if you continue to increase your lot sizes as your account grows, and always trade an under funded account, you will eventually go broke no matter how good of a trader you are.

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Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:

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Analysis stages in Forex

Monday, January 5, 2009

It will not be wrong if we say that Forex traders lead their lives, living on the edge. You never know what’s going to happen the next moment. In this currency world of speculations, instincts, calculations and uncertainties, the market experiences one moment of total harmony, and the next one of absolute commotion.
Amidst such high degrees of speculation and large amount of money at stake, can we precisely foretell the trend this market is going to follow each time? And furthermore, can we bet high capital on it?

For all this, we first need to be clear with the basics. The basics which tell us exactly what causes the market to move in the direction it does? What makes it follow the trend it does? Why are different traders trading with same currency using different strategies? Answers to all these questions can be a little tricky especially knowing that every trader senses different set of indications and warnings each time the market moves.

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[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.