Forex Technical Indicators

How to Use Bar Patterns to Spot Trade Setups

2009-01-13T13:04:00.000-08:00

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.

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ForexGen offers three types of business partnerships.

* [Introducing Broker]
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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.

1 O'clock Forex Trade Pattern

2009-01-13T12:54:00.000-08:00

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

2009-01-13T12:49:00.000-08:00

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?

2009-01-13T12:29:00.000-08:00

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

2009-01-08T16:46:00.000-08:00

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

2009-01-08T16:22:00.000-08:00

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

2009-01-08T16:15:00.000-08:00

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

2009-01-08T16:09:00.000-08:00

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

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

2009-01-07T16:20:00.000-08:00

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

2009-01-07T16:15:00.000-08:00

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

2009-01-07T16:10:00.000-08:00

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

2009-01-07T16:05:00.000-08:00

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

2009-01-06T19:17:00.000-08:00

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

2009-01-06T19:09:00.000-08:00

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.
* 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.

What Can We Learn From An Equity Curve?

2009-01-06T19:01:00.000-08:00

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.

[ForexGen Services]

Client Services

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Choosing A Third Party Signal Provider That Works For You

2009-01-06T18:45:00.000-08:00

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.

[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.

How Much Is Enough?

2009-01-06T18:37:00.000-08:00

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.

[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

Analysis stages in Forex

2009-01-05T19:06:00.000-08:00

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.

[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.

Should Technical Investors also Focus on News Releases?

2009-01-05T18:58:00.000-08:00

Keeping in mind a case of any monetary market, whenever a market is being dominated by the fundamental factors such as economic data, Technical analysis are generally not in use. This is because of the reason that most of market traders become sensitive to these economic and political developments.

Also, with so many speculations arising in the market, more and more importance is given to such developments as well as the essential news releases like increase in a certain country’s export figures, which have the power to spike up volume as well as volatility in the market.

[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.

Does Difference Between The Consensus and Actual Results Cause Price Movement?

2009-01-05T18:49:00.000-08:00

It is not correct to just keep yourself updated as a trader with the latest of economic, political and geographical news. What is even more important is to know what effect has the current news caused in the market and why?

One of the ways to find this out is by also keeping a tab of the expectations of the fellow traders in the market, from the different economic indicators and the news they were supposed to carry according to the.

A study of whether or not a news flash is matching the market expectations is a highly significant aspect, as each market forecaster is expecting different news from each indicator, news in their favour.

Therefore, apart from knowing the current news update, what needs to be kept in mind is the consensus number which is met successfully. A huge variation between the consensus and actual results can be a valid source for price movement.

[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.

What Makes Some Economic Indicators More Important Than The Others?

2009-01-05T18:45:00.000-08:00

Every economic indicator has the power to influence the Forex market, it’s just the degree of influence that ranges from low to medium to high. Which ever indicator is carrying the news capturing most of markets attention gets more significance than the other ones.

News carrying high GDP data of a certain country or information about high employment rate in another is bound to make greater news than others, as these factors are directly effecting, rather boosting the economy of those countries.

[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.

The Power of Technical Analysis

2009-01-04T19:11:00.000-08:00

Technical analysis is the study of share prices. By researching the past performance of a share, we can gain an insight into how it will likely perform in the future.

To fully appreciate the power of technical analysis it is important to understand the basics. There are three key principles upon which technical analysis is based:
Everything is discounted and reflected in market prices.
Prices move in trends and trends persist.
Market action is repetitive.
Let’s examine each principle in detail.

The first and most important principle is that everything is discounted and reflected in market prices. All knowledge, regardless of type (fundamental, political, economical, psychological or other) is already reflected in market prices.

It can be time consuming studying fundamental information such as company financial statements, earnings and P/E ratios in an attempt to determine the potential for a share to rise in value. The real value of a share at any point in time is determined solely by supply and demand, as reflected in trades made at the stock exchange.

Technical analysts do not care what the underlying forces of a shift in supply and demand are; instead he or she is interested in what occurs to the price.

If demand is greater than supply, prices will increase. On the other hand, if supply is greater than demand, prices will decline.

The study of market prices is all that is necessary to make money from the stock market.

The second principle on which technical analysis is based is that prices move in trends and trends persist.

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Technical Analysis Of Stock Data

2009-01-04T19:05:00.000-08:00

1. The technical analysis
In order to perform a technical analysis, you have to observe how stock prices within certain industries move and interact. All the factors that influence price movement company performance, the general state of the economy, natural disasters are supposedly reflected in the stock market with great efficiency. This efficiency, coupled with historical trends produces movements that can be analyzed and applied to future stock market movements.

2. Short term investing
Technical analysis is not intended for long-term investments because fundamental information concerning a companys potential for growth is not taken into account. Trades must be entered and exited at precise times, so technical analysts need to spend a great deal of time watching market movements.

3. Upswings and downswings
There are many tools available to the technical analyst. Literally hundreds of stock patterns have been developed over time. Most of them, however, rely on the basic concepts of support and resistance. Support is the level that downward prices are expected to rise from, and Resistance is the level that upward prices are expected to reach before falling again. In other words, prices tend to bounce once they have hit support or resistance levels.

4. Charts
Technical analysis relies heavily on charts for tracking market movements. Bar charts are the most commonly used. They consist of vertical bars representing a particular time period weekly, daily, hourly, or even by the minute. The top of each bar shows the highest price for the period, the bottom is the lowest price, and the small bar to the right is the opening price and the small bar to the left is the closing price. A great deal of information can be seen in glancing at bar charts. Long bars indicate a large price spread and the position of the side bars shows whether the price rose or dropped and also the spread between opening and closing prices.

[ForexGen Scalping Enabled Account]

Benefits of Technical Analysis

2009-01-04T18:59:00.000-08:00

Technical analysis is the most popular way of predicting what will happen next in the foreign exchange market; particularly in one or more of its currencies. Being able to analyze the market properly would allow the trader to predict what the price of certain currencies will be in the near future. This is done by using different market charts and statistical data in numbers in order to see what can happen.

The predictions of the trader can also be based upon the past performance of a currency by looking at the numbers it had under certain conditions in the past. If these conditions are once again present then the price of that currency can more or less be the same. In other words, you will look into history to see where you might be headed.

Once you are able to learn and perfect analyzing the market through technical analysis then you will be able to earn more and avoid becoming part of the majority who loses their money in the foreign exchange market. Making money in this financial market is always difficult. Only a few people are able to become rich and successful here and about 95% of the traders lose their money while trading.

The forex market is a very unforgiving place. You always have to be careful and know what you are doing at all times. Each decision you make may very well be your last. So in order to avoid being part of the majority, learn forex technical analysis.

[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

Spreads In Forex

2009-01-04T18:54:00.000-08:00

What is a spread?

In margin forex trading, there are two prices for each currency pair, a "bid" (or sell) price and an "ask" (or buy) price. The bid price is the rate at which traders can sell to the executing firm, while the ask price is the rate at which traders can buy from the executing firm.

For example, when you see the price quote of EUR/USD is 1.2881/1.2884 as in the above picture, the bid is 1.2881 whereas the ask is 1.2884. That means traders looking to sell must do so at 1.2881, those looking to buy must do so at 1.2884.

The difference between the bid and ask price is the spread, which constitutes the cost of the trade. In fact, all traded instruments - stocks, futures, currencies, bonds, etc. - have spread. If a trader buys at 1.2884 and then sells immediately, there is a 3-point loss incurred. The trader will need to wait for the market to move 3 points in favour of his/her position in order to break even. If the market moves 4 points in your favour, he/she starts to profit.

Many online trading firms like to promote margin forex trading as an almost cost-free instrument - commission free, no service charge, no hidden cost, etc. Traders should know that spread is the cost of trading, and in fact, it also represents the main source of revenue for the market maker, i.e. the forex trading company. The spread may appear to be a minuscule expense, but once you add up the cost of all of the trades, you will find it can eat away quite a portion of your account or your profit. If you check the price tag of a T-shirt before you buy it, do the same thing when you trade forex, look into the spread before you decide to trade. Your trade needs to surmount the spread (the cost) before it profits.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

What To Expect From Your Forex Brokers

2009-01-04T18:48:00.000-08:00

If you're working with Forex brokers, and you should be, your have the right to expect their offices to be available around the clock. The Forex market never sleeps, and even if you are placing a trade in the middle of the day, it might be the middle of the in the hemisphere where your Forex broker's office is located.

If you need to get out of your trade in a hurry, you should be able to depend on someone being at the other end of the phone. And by the way, always make certain with your Forex broker s that you can close a position over the phone. If not, a power outage hitting your PC, or a failed Internet connection can spell disaster.

Before you sign on with any firm of Forex brokers, take the time to do some background checking. Not all Forex brokers have the financial underpinnings to hold money in reserve if their trades go wrong and their customers want to cleanout their trading accounts. Your Forex broker should be open about his company's financial condition and history, and be able to provide documentation of his claims. If he can't or won't, take your business elsewhere.

And before you commit any money to any Forex brokers, use their online sample trading features to decide which programs are best suited to your trading style. It costs nothing, and will give you confidence that in the fast moving world of Forex trading you'll be able to keep up.

[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.

South African Rand Firmer This Morning

2009-01-01T18:43:00.000-08:00

South African Rand firmer this morning, though looks like more selling is on the cards

The South African Rand opened firmer today as it takes advantage of a weaker US Dollar and is trading 15.12 against the Pound this morning. There is no South African data due today but a plethora out later this week that will ensure more volatile market moves for the beleaguered rand.

Overall, fundamentals are looking increasingly gloomy and no reason to buy South African Rand and it looks like it should side further.

[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.

Dollar Crumbled as Philly Fed Drops to 6 Year Lows

2009-01-01T18:37:00.000-08:00

The US dollar crumbled today as it lost value against all of the other major currencies due to a decline in the Philadelphia Fed manufacturing release, and increased speculation that the Fed will resort to a 50bp rate cut in March. All of the commodity currencies posted major gains as the US economy continued to weaken, while the Euro hit a two week high against the fading dollar. The Swiss Franc and the British pound took the biggest bite out of the US dollar.

The Pound was driven up as retail sales unexpectedly surged to 5.6 percent for the year indicating that consumer spending to be holding up amid lowered growth prospects.

[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.

Pound Positioning Reaches Parity As Pair Advances, A Flip Could Signal A Break

2009-01-01T18:33:00.000-08:00

The Pound Positioning Reaches Parity As Pair Advances, A Flip Could Signal A Break

Positioning is nearly evenly split for the GBPUSD as the pair tests the top of a technical trend channel. The ratio of long to short positions stands at 1.01 with nearly 50% of traders long. The pair has hovered near this parity level since flipping back to its positive reading at the beginning of the month.

Just last week, 55% of open positions were long with the ratio at 1.24. Also notable in with the tempering in the ratio, short positions grew 14.8% from yesterday and are 69.7% stronger from a week ago. Long positions are only 6.6% fewer than yesterday and 4.9% strong than a week ago. Open interest is only 3.0% stronger from Wednesday, but overall it is 26.2% above its monthly average. Being a contrarian indicator, the GBPUSD signal still calls for further losses, but only until it flips.

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In The World of Currency Today

2009-01-01T18:24:00.000-08:00

In the world of currency today the only word associated with the Euro or Pound was Buy Buy Buy!

Traders spent today Buying Euros, Buying Pound, Buying Australian Dollars and Buying anything else that wasn’t the US Dollar, as poor US Data suggested that Subprime and Housing Market are pushing the US into a recession. GBPUSD was back above 1-9600, EURUSD 1.4800 and the Australian Dollar 0-9195.

[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.

Mini Forex Trading Less Risk, More Profit

2009-01-01T18:11:00.000-08:00

Forex trading is one of the most feasible options for someone who’s looking at bigger possibilities, bigger profit and greater ease in trading and business. Because of it’s high liquidity and speedy transactions, forex trading is becoming a popular game among players in the field of business and marketing. While it’s traditionally for companies and corporations with huge capital and experience in the field, it has also proven itself to be a good venture for a neophyte through what is known as a Mini Forex account or mini forex trading.

Mini Forex Basics

Mini Forex trading is adequate for people who have just started in the forex market and with not enough funds to open a regular account. It requires a smaller capital compared to regular forex accounts, a minimum of $300. Mini forex trading, allows you to control a $10,000 currency position.

The key here is leverage. Because of leverage, a trader can trade in a commodity more than the money available in his account. For instance, with a $250 deposit, one could trade a maximum of 5 mini lots. This type of leverage is greater than stocks or day trading. Of course, it is wise to start with a manageable leverage that allows greater flexibility in transactions.

What are the benefits of mini forex trading? With just a small amount involved, you can have access to free trading platform and benefits that regular forex traders get to enjoy. These would include state-of-the art trading software, charts and resources. With a leverage of 200:1, the trader can trade in a commodity careless of the amount of money available to him.
Mini forex trading also allows for lesser losses as the contract size is only 1/10th the size of a standard forex account. There is also more flexibility with regards to customizing trades and minimizing risks. Ideal for those with smaller capital, the trader has an opportunity of investing in more areas of the market with lesser risk as there is lesser capital to be lost. It is important not to hesitate with his transactions as there is lesser capital involved.

With the same freedom enjoyed by regular forex traders, a mini forex trader can trade as many lots as he desires. Although the standard trade size is 10,000 units, you are free to trade as much as 50,000 units or more. In this way, the trader also builds up his confidence in his trading abilities while he also slowly increases his profit and trading position in the market. He gets to manage his money before going for the higher stakes in regular forex trading.
The trader likewise gets to develop a sound trading strategy without getting too emotionally involved in possible losses and profit. For practice, a beginner in forex trading can practice through paper trading. But in the real market, he can start small with mini forex trading. There require lesser capital involved and the practice builds up the trader’s trading gameplan for future explorations in regular, higher stakes forex trading.

[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

Knowing the Ins and Outs of Chandelier Exit

2008-12-30T17:49:00.000-08:00

Have you ever heard of a stop placement strategy that trails stop based on previous 'high' points? It is called Chandelier exit as it hangs down from the high point or the ceiling of our trade, just as a chandelier hangs from a room ceiling. The distance, which is usually calculated from the high point to the trailing stop; could also be calculated in dollars or in contract based points. However, the value of this trailing stop moves upward very promptly as higher highs is reached.

The Chandelier Exit, which has a trailing stop from either the highest high of the trade or the highest close of the trade, is best measured in units of Average True Range (ATR). One of the many factors leading to use ATR for measuring the distance from the high to our stop is that, it is pertinent across markets and is adaptive to changes in unpredictability.

The essence of this calculative measure is that, even on expansion and contraction of trading ranges, our stop will automatically adjust and move to the apt level, thereby, constantly staying in tune with changing market conditions. Chandelier Exit is one of the most tried exit methodology used across a varied portfolio of futures markets to generate profitable test results.

It is imperative that the changes in unpredictability can curtail or stretch the distance to the actual stop, since the highs used to hang the Chandelier move only upward. However, in order to witness less fluctuation in the stop distance, you can use a longer moving average to calculate Average True Range. In other ways, shorter moving average is required, in case you want the stop placement to be more adaptive to fluctuating market conditions.

[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.

Trend Following Forex - 3 Simple Steps to Catching Big Profits

2008-12-30T17:44:00.000-08:00

If you want to catch the big profits in forex trading you need to trend follow forex trends which are longer term. Here we are going to give you a 3 step simple method which if you use it correctly, will help you catch every major forex trend and lead you to long term currency trading success.

Most novice traders don't bother trying to trend following forex longer term - instead they try forex scalping or day trading. These methods focus the trader on small moves and they hope to catch small profits however as most short term moves are random, this leads to equity wipe out
Breakouts

By far the best way of catching the big moves is to use a forex trading strategy based around breakouts. A breakout is simply a move on a forex chart where a new high or low is made and resistance or support is broken Confirmation

Of course not every breakout continues and some reverse, these are false and can cause losses. You therefore need to confirm each move. All you need to do to achieve this is to put a few momentum indicators in your forex trading system to confirm your trading signal.
Stops and Targets

Stop levels are easy with breakouts - Simply behind the breakout point.

If you have a big trend then you need to be careful you can milk it, so don't move your stop to soon and keep it outside of normal volatility. If it is a big move, trailing stops should be held a long way back and the 40 day moving average is a good level to use.

[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 Fundamental Analysis

2008-12-30T17:39:00.000-08:00

Most FOREX traders rely on analysis to make plan their trading strategy. This article will discuss fundamental analysis. The other common form of analysis is technical analysis. After reading this article you should have a better understanding of fundamental analysis and how to use it as part of your FOREX strategy.

Political and economic changes are the basis of fundamental analysis. These can frequently affect currency prices. Traders that take advantage of fundamental analysis will gather their information from a variety of news sources. They are looking for information about unemployment forecasts, political ideologies, economic policies, inflation and growth rates.

Fundamental analysis will provide you with an overview of currency movements and a broad picture of the economic conditions. Most traders then will combine their fundamental analysis with technical analysis to plot actual entrance and exit points as well as confirming the information provided by their fundamental analysis.

Just like most markets the FOREX market is controlled by supply and demand. Many economic factors can affect the supply and demand but the two most critical ones are interest rates and the strength of the economy. The over all strength of the economy is affected by changes in the GDP, trade balances and the amount of foreign investment.

There are many economic indicators released by government and academic sources. These indicators are usually released on a monthly basis but will sometimes be released weekly. These are pretty reliable measures of economic health and are closely followed by all traders.

There are many indicators that are released but some of the most important and commonly followed are : interest rates, international trade, CPI, durable goods orders, PPI, PMI and retail orders.

Interest Rates - can cause a currency to either strengthen or weaken depending on the direction of movement. In some cases high interest rates will attract foreign money, however high interest rates will frequently cause stock market investors to sell of their portfolios. They do this believing that the higher cost of borrowing money will adversely affect many companies. If enough investors sell of their holdings in can cause a downturn in the market and negatively affect the economy.

Which of these two affects will take place depends on many complex factors, but there is usually an agreement among economic observers as to how the current change in interest rates will affect the general economy and the price of the currency.

[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.

Successful Options Trading Strategies

2008-12-30T17:35:00.000-08:00

When it comes to giving people the hope of becoming a millionaire overnight, the stock market excels. Every day we see evidence of stocks that have flown upwards as if they had wings, providing investors with a windfall of profits. It's inevitable that catching one of those stocks just before it takes off is an exciting possibility, inspiring the beginning trader to take the plunge. When you trade options, the stakes are raised, making those massive profits even more attainable, but the basics that underlie successful trading in the stock market are the same as those for trading options.

Once you start to look at trading stocks, you find yourself plunged into a confusing nightmare where hundreds if not thousands of people are pushing "their" system that is supposedly infallible. For a beginner, it's easy to get drawn into the complex net, believing that there must be a simple solution that will hand you the keys to stock market success. These keys will see you finding winner after winner, and making your fortune.

The reality, however, is that there are no keys that will find a winner every time. After all, if that was possible, how could anyone ever lose any money in the market? And if nobody loses, then how can someone else gain? The whole stock market would collapse.

Having said that, there are a number of very successful trading systems that work well over the long term. It's important to realize that a winning system is one that consistently delivers profit over a longer time frame - and part of the equation is that a percentage of trades will be losers. Once you learn to look at the bigger picture, rather than focusing on the individual trades, you'll be a lot more successful in the market.

There are a couple of approaches to the market that are popular across many systems. One is to take small losses when they happen, and let your winners run. So you might take six little losses, which are more than compensated for by one huge gain. This type of approach takes a lot of confidence and self-discipline, as it's very easy to give up if those six little losses all happen in a row, without a winner in sight.

Another approach is to take your profits after a certain percentage of gain, and occasionally put up with a medium sized loss. This system is nice if you like to see profits, because you don't run the risk of a stock that's risen suddenly dropping again and wiping out your profit - you took your profit early. However you also run the risk that the stock will continue to fly upwards and you miss out on that profit. This system can be risky, because you need a number of small profitable trades to cover one of the losses.

[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.

Forex Options Market Overview

2008-12-30T17:27:00.000-08:00

The forex options market started as an over-the-counter (OTC) financial vehicle for large banks, financial institutions and large international corporations to hedge against foreign currency exposure. Like the forex spot market, the forex options market is considered an "interbank" market. However, with the plethora of real-time financial data and forex option trading software available to most investors through the internet, today's forex option market now includes an increasingly large number of individuals and corporations who are speculating and/or hedging foreign currency exposure via telephone or online forex trading platforms.

Forex option trading has emerged as an alternative investment vehicle for many traders and investors. As an investment tool, forex option trading provides both large and small investors with greater flexibility when determining the appropriate forex trading and hedging strategies to implement.

Most forex options trading is conducted via telephone as there are only a few forex brokers offering online forex option trading platforms.

Forex Option Defined - A forex option is a financial currency contract giving the forex option buyer the right, but not the obligation, to purchase or sell a specific forex spot contract (the underlying) at a specific price (the strike price) on or before a specific date (the expiration date). The amount the forex option buyer pays to the forex option seller for the forex option contract rights is called the forex option "premium."

The Forex Option Buyer - The buyer, or holder, of a foreign currency option has the choice to either sell the foreign currency option contract prior to expiration, or he or she can choose to hold the foreign currency options contract until expiration and exercise his or her right to take a position in the underlying spot foreign currency. The act of exercising the foreign currency option and taking the subsequent underlying position in the foreign currency spot market is known as "assignment" or being "assigned" a spot position.

The only initial financial obligation of the foreign currency option buyer is to pay the premium to the seller up front when the foreign currency option is initially purchased. Once the premium is paid, the foreign currency option holder has no other financial obligation (no margin is required) until the foreign currency option is either offset or expires.

On the expiration date, the call buyer can exercise his or her right to buy the underlying foreign currency spot position at the foreign currency option's strike price, and a put holder can exercise his or her right to sell the underlying foreign currency spot position at the foreign currency option's strike price. Most foreign currency options are not exercised by the buyer, but instead are offset in the market before expiration.

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US Dollar: Will Consumer Confidence Disappoint on Tuesday?

2008-12-29T18:23:00.000-08:00

Euro Trades in 300 Point Range vs. US Dollar as Liquidity Returns, Swiss Franc Gains as Safe Haven of Choice

British Pound Reaches New Record Low Against Euro on Bleak UK Economic, Interest Rate Outlook

Japanese Yen Ends Monday Mixed, GBP/JPY Hits Fresh 13-Year Lows

US Dollar: Will Consumer Confidence Disappoint on Tuesday?

The US dollar ended the day up slightly against the euro and British pound, reversing sharp declines during the Asian and European trading session. However, the greenback ultimately ended the day down versus the Swiss franc, Japanese yen, and commodity dollars. Fundamentally, there was no news to speak of, but event risk will pick up on Tuesday, leaving potential for volatility to pick up a bit. At 9:00 ET, the S&P Case-Shiller Home Price Index for the month of October is anticipated to fall by a record 17.8 percent from a year earlier, highlighting the extent of the collapse in the US housing sector. At 10:00 ET, the Conference Board’s Consumer Confidence Index for the month of December is expected to edge up to 45.5 from 44.9. This would mark the second improvement in a row, but it’s necessary to keep these figures in perspective, as the record low of 38.8 going back to 1967 was just realized in October, down significantly from the index’s average of more than 100 throughout 2006 and 2007. Indeed, the outlook for consumption remains bleak

Euro Trades in 300 Point Range vs. US Dollar as Liquidity Returns, Swiss Franc Gains as Safe Haven of Choice
The euro spent the majority of last week consolidating versus the US dollar between 1.3915 and 1.4125, but the pair’s break higher on Sunday coincided with a surge in volatility. Indeed, EUR/USD traded within a more than 300 point range after rallying to 1.4365 and reversing to break below 1.40 at the end of the day. On the other hand, the Swiss franc gained across the majors on safe-haven flows amidst escalating conflicts in the Middle East. The euro and Swissie did have one thing in common today: they both reached fresh record highs against the British pound. While retracements may be due for EUR/GBP and GBP/CHF on Tuesday, the trend remains clear for the pairs. There will be little in the way of event risk for the euro and Swiss franc through the end of the week. Tomorrow, the Purchasing Managers’ Index results for the Euro-zone’s retail sector are anticipated to reflect the worst conditions on record while the UBS Swiss Consumption Indicator could slump to a three-year low. Nevertheless, netiher of these releases tend to be market-moving, making technical analysis far more useful this week.

British Pound Reaches New Record Low Against Euro on Bleak UK Economic, Interest Rate Outlook
The British pound remains exceptionally weak as the currency reach new record lows against the euro and tested the May 2002 low of 1.4460 versus the US dollar. Conditions in the UK remain dismal, as evidenced by the release of disappointing UK GDP revisions last week, which signaled that the economy actually contracted 0.6 percent during Q3 compared to initial estimates of a 0.5 percent contraction. The GDP figures confirmed that the UK fell into recession for the first time since 1990-1991 as a result of the sharpest drop in consumer spending since 1995 and a decline in investment as the financial crisis took its toll. In a similar vein, the Bank of England’s measure of housing equity withdrawals fell for the second straight quarter during Q3 by 5.7 billion pounds, adding to indications that credit is not readily available nor wanted, which leaves consumption growth likely to fade further. The BOE has already cut rates to 2.00 percent, the lowest since 1951, but this data only adds to speculation that they will reduce the Bank Rate by another 50bps in January.

Japanese Yen Ends Monday Mixed, GBP/JPY Hits Fresh 13-Year Lows
The Japanese yen ended Monday mixed across the majors, as the currency fell versus the Swiss franc but gained against the euro, British pound, and US dollar. These moves were less the result of Japanese yen price action and instead were dependant on euro and British pound flows. Nevertheless, with GBP/JPY trading near 13-year lows, the resumption of a the yen’s bull trend may add to lingering concerns that Japan will attempt to intervene in the currency markets at some point. If there is a good time for the country to step in to physically drive the currency down, this may be it given the lower volumes we’re seeing in the markets due to the holidays, but if the Japanese yen continues to ease back against most of the major currencies, such action may be unnecessary.

[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.

Amazon Says 2008 Holiday Season Was 'Best Ever'

2008-12-28T18:58:00.000-08:00

Amazon says 2008 holiday season was 'best ever,' a rare bright spot, even for online commerce

Online retailer Amazon.com Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day -- a rare piece of good news in a season that has been far from merry for most retailers, including online businesses.
Amazon customers ordered more than 6.3 million items on Dec. 15, compared with roughly 5.4 million on its peak day last year, the company said. It shipped more than 5.6 million products on its best day, a 44 percent rise over 2007, when it shipped about 3.9 million on its busiest day.

The company did not provide dollar figures and wouldn't say whether the average value of orders had changed, and the jumps it reported Friday are in line with increases Amazon has seen since it started releasing the figures in 2002.
Amazon's best-sellers included the Nintendo Wii game console, Samsung's 52-inch LCD HDTV and Apple Inc.'s iPod touch.

Analysts agreed Amazon's report was good news for the online shopping giant, but they were divided over whether the results indicate strength in online commerce in general.
Forrester Research analyst Sucharita Mulpuru said Amazon's experience shows the current economy is favoring discount retailers, both online and offline.
"The Amazon story doesn't surprise me because Amazon has always traditionally been a leader on price, and they're one of the first places consumers go when they're looking for things online," Mulpuru said. "In many ways they're like the Wal-Mart of the online world."

Wal-Mart is one of very few traditional retailers where revenue has risen this holiday season over last.
Holiday sales typically account for 30 percent to 50 percent of a retailer's annual total, but rising unemployment, home foreclosures, the stock market decline and other economic worries led many shoppers to slash their shopping budgets this year.
SpendingPulse -- a division of MasterCard Advisors -- said its preliminary data show that online sales fell 2.3 percent compared with the 2007 holiday season, while retail sales overall fell 5.5 percent to 8 percent, including sales of cars and gasoline. The decline was 2 percent to 4 percent when auto and gas sales are excluded.

Online shopping may have gotten a boost from winter storms during last two weeks before Christmas, which made travel to brick-and-mortar stores more difficult.
And, although Amazon's orders rose, the company didn't say whether orders were, on average, worth more or less than last year. Spokeswoman Sally Fouts said the company would release revenue results in its fourth-quarter earnings report, due in about a month.

But she said this was Amazon's "best season ever."
Orders to Amazon on the peak day of its holiday season have jumped in the double-digit percentage range for at least the past 5 years, according to data released by the Seattle, Wash.-based company since 2002. Last year, Amazon's orders spiked 35 percent to 5.4 million at their peak, from 4 million in 2006.

Stifel Nicolaus & Co. analyst Scott Devitt said online retailers' sales tend to grow much faster than those of brick-and-mortar retailers, but he said that difference narrowed this year. That's in part because shoppers tend to go to stores for necessities and online for discretionary purchases, he said. And in an economic downturn, consumers focus on their most-needed purchases and cut back on more frivolous items.
Devitt said Amazon benefited from a vast infrastructure that allows for faster, more reliable shipping than most of its online peers offer. He called Amazon's announcement an "extremely positive data point" and said the company is "uniquely positioned to do well in an environment like this."

That environment has left many retailers in a tough position. NPD Group senior retail analyst Marshal Cohen said they will be forced in coming weeks to take still more drastic measures to drive sales and raise whatever cash flow they can.

[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

Best Forex Brokers

2008-12-24T19:48:00.000-08:00

Below are the online forex brokers that are highly recommended. Why do we highly recommend these forex brokers? Well, first of all we don't. The retail forex traders of the world do. Our opinion plays no role in deciding which brokers make this list. See our notes below the list for details on how this list was compiled.

There are 11 online forex brokers on this list and we have over 220 brokers identified on this web site. This is therefore, in the collective opinion of the world's retail forex traders, the cream of the crop, the top 5%. While we do believe these are the best, there are still positives and negatives among those in this list so we urge you to read about them in more detail and do your own due diligence before entrusting your hard earned money with any of them. You may also want to check out our Recommended Forex Brokers List, our Top Rated Online Forex Brokers List, which currently includes more than 115 online forex brokers along with their independent trader ratings, and our Most Popular Online Forex Brokers List.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

Forex Scalpers Wanted

2008-12-23T19:18:00.000-08:00

Forex scalping is in high demand nowadays.

Many forex brokers frown upon scalpers, but not us. We are always looking for talented scalpers.
True scalping involves opening and closing a position in seconds or minutes at most. Even though scalping involves the use of leverage and higher leverage means higher risk, the short period of time a forex scalper is in a trade decreases the exposure risk that's inherent in trading or investing due to the holding of a position. If done correctly, scalping provides this additional degree of "risk control" that is not even present in day trading.

Why don't most brokerage firms like forex scalpers?

Because many brokers are making money trading against their clients through their dealing desks. Yes; this is still legal in the forex market. While this might not affect as much regular traders (even day traders) that stay in a trade for hours or days, scalpers are another breed of trader. The profitability of scalping currencies can be drastically reduced if the correct trading firm is not used. The small percentage of successful scalpers is usually "kicked out" by one forex broker after another.

[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.

UK Rate-Setters Hint at More Cuts, Hurting Pound

2008-12-22T19:14:00.000-08:00

Bank of England interest rate-setters indicate more cuts are likely, causing pound to weaken

Two rate-setting members of the Bank of England indicated on Monday they favor deeper rate cuts to help the economy through the looming recession, causing a further fall in the value of the pound.
The Bank of England's deputy head, who also sits on the bank's rate-setting committee, said the bank had been surprised by the severity of the financial crisis.
"We did spot some crazy borrowing going on ... and we said, actually, for a couple of years before the crash that a correction was coming," John Gieve told the BBC.
But he added: "We didn't think it was going to be anything like as severe as it turned out to be."

Currency traders took Gieve's comments as an indication that he supports further interest rate decreases in January to stimulate spending and help pull the country out of the financial crisis.
Tim Besley, another member of the rate-setting committee, indicated that he also favors more cuts to interest rates to combat the risk of deflation, or dropping consumer prices.
"While falling prices might seem like a good thing, they would also lead to falling wages or rising unemployment," Besley wrote in an article for Britain's Daily Mail newspaper. "To make sure that inflation is not below target in the next year or even longer, the cuts in the official rate...need to have an impact."

The pound fell in the wake of the comments because rate cuts tend to weaken demand for a country's currency by reducing the yield on interest-bearing investments.
The pound fell to near parity with the euro -- hitting just euro1.0501 -- while it dropped more than 1 percent against the dollar, to as low as $1.4688.
The Bank of England has cut its interest rate three times since October, bringing it down by a total of 3 percentage points to just 2 percent -- a 57-year low.
Though there could be future cuts, Gieve said interest rates are too blunt an instrument to prevent financial crises from happening again.

"We need to develop some new instruments, which sit somewhere between interest rates, which affect the whole economy ... and individual supervision and regulation of individual banks," he told the BBC.
Had the Bank of England attempted to use interest rates to keep the price of assets -- like houses -- from spiraling upward, it would have held down the level of activity in other parts of the economy, such as manufacturing, Gieve said.
He acknowledged that the government could end up losing money from its nationalization of several of the country's banks.
"There are some books -- Northern Rock, Bradford & Bingley -- which clearly have a level of defaults in them," he said, adding that he was not yet sure whether the defaults would cause the taxpayer to lose money.

The comments came as British Prime Minister Gordon Brown laid blame for the global financial crisis on a reckless banking system.
In an interview published Monday, Brown was quoted as saying that he's angry with bank bosses who failed to acknowledge the risks they were taking.
"I'm angry -- angry we had a banking system where people neither knew the risks they were taking or were open enough about the problems they had," Britain's Daily Mirror newspaper quoted Brown as saying.

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

EU Finance Ministers Address Crisis

2008-12-18T20:34:00.000-08:00

EU estimates tax and spending plans to add 2.4 percent to growth in 2009

Europe's various stimulus plans combined with extra welfare spending and lower tax receipts should boost growth by around 2.4 percent in 2009, the European Commission said late Thursday.
Joaquin Almunia, the EU monetary affairs chief, said the European Commission estimates that the different national spending plans will add up to 0.9 percent to the 27-nation's growth rate. EU governments plan to inject a total of 200 billion euros ($292.32 billion) into their economies in a bid to ward off the gloom from the global crisis.

The EU commission also estimates a 1.5 percent boost to growth from the higher welfare spending and lower tax receipts automatically generated as the economy slows.
"Its a very important contribution to support demand and to try to make up for the reduction of activity in consumption and private investment," Almunia said after a meeting of EU finance ministers in Paris late Thursday.
European Central Bank President Jean Claude Trichet warned governments to be cautious, urging that they respect EU budget rules.
"For some countries we are arriving at levels of debt or absence of economic sustainability that prevent them from doing more than they are now," he said.

The 15 nations that use the euro entered a recession in the second quarter.

Discussions at the meeting hosted by French Finance Minister Christine Lagarde were limited by the absence of some of the EU's heavyweight finance ministers. German Finance Minister Peer Steinbrueck, Britain's Alistair Darling and Luxembourg's Jean-Claude Juncker, who also chairs meetings of euro zone ministers, did not attend.
The head of the International Monetary Fund, Dominique Strauss-Kahn, was present at the meeting, but he didn't attend the press conference as he worked on a rescue package for Latvia, Lagarde said.
Ministers discussed increasing the IMF's budget, and the possibility of establishing an early monitoring system to spot countries heading into difficulty, Lagarde said.

Lagarde also addressed recent currency movements which have seen the U.S. dollar swing wildly against the euro.
The 15-nation euro dropped to $1.4313 in late New York trading from $1.4349 late Wednesday. The euro peaked at $1.4719 in overnight trading, its highest point since late September.
"I have a special concern for the very abrupt volatility that we are observing on this matter and for European exporters in particular its going to be a competitive disadvantage that comes upon extremely suddenly."

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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.

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* 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.

The Destination and Fundamentals of Technical Analysis:

2008-12-17T13:56:00.000-08:00

Technical analysis is being used for the prediction of market movements (that is alterations in currencies prices, volumes and open interests) outgoing from the information obtained for the past. The main instruments of the technical analysis are different kinds of charts, which represent currencies price change during a certain time preceding exchange deals, as well as technical indicators. The latter are being obtained as a result of the mathematical processing of averaged and other characteristics of price movements. The instruments of the technical analysis are universal and applicable to any Forex sector, any currency and any time span.

Technical analysis is easy to compute what is important while the technical services are becoming increasingly sophisticated and reasonably priced. They are available to all the Forex participants independent on their trade plans, strategies applied and the time of position continuance. Under contemporary conditions it is executed by means of computers, which is important if to account that means of the electronic support become more and more sophisticated.

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Trichet Holds His Hawkish Tone Despite Deteriorating Fundamentals

2008-12-16T13:47:00.000-08:00

The deteriorating outlook for the Europe’s largest economy has certainly raised expectation that the ECB will ease policy further throughout the next year as price pressures alleviate. However, hawkish comments from President Trichet has cast some doubt on further easing.

Fundamental Headlines

• Toyota Delays Mississippi Prius Factory Amid Slump – Wall Street Journal

• Energy-Reserve Revisions - Wall Street Journal

• German stimulus offers job promise – Financial Times

• U.S. May Give Car Czar Power to Force Bankruptcy – Bloomberg

• HSBC May Raise $14 Billion in Capital on Rising Bad Loan Risk – Bloomberg

• EURUSD – Service-based activity in Euro-Zone contracted for the seventh consecutive month in December as the advanced PMI reading slipped to 42.0 from 42.5. In addition, the manufacturing PMI dropped to 34.5 from 35.6, and led the PMI composite to reach its lowest level since recordkeeping began in 1998 as the index slipped to 38.3 from 38.9 in the previous month. A deeper look into the report showed that new orders declined to 27.4 from 28.8, while the employment component weakened to 39.1 from 41.0. The latter suggests the acceleration in the pace of job cuts, which will add to growth concerns and weigh on consumption trends. Both the manufacturing and services readings were firmly below the 50 boom/bust level which supports expectations of another quarter of negative growtrh. The deteriorating outlook for the Europe’s largest economy has certainly raised expectation that the ECB will ease policy further throughout the next year as price pressures alleviate. However, hawkish comments from President Trichet has cast some doubt on further easing. Discuss the topic and your trade ideas in the EUR/USD Forum.

• GBPUSD – The annual rate of inflation in U.K. fell to the lowest level since June but exceeded economists forecasts. The headline reading slipped to 4.1% from 4.5% in October, but failed top meet ex[ectations of 3.9%. In addition, the core measure of inflation edged up to 2.0% year-over-year from 1.9% in the month prior, highlighting that some stickiness is still apparent in the market despite the rapid cool down of the economy. However, retail prices came in weaker than expected, with the RPI decelerating to 3.0% from 4.2%. The increasingly dire outlook for the domestic and global economy will further dampen inflation expaectations, which have led market participants to raise their bets that the BoE will continue their current easing policy. Discuss the topic and your trade ideas in the GBP/USD Forum.

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Home Builder Sentiment Remains at Record low

2008-12-15T15:49:00.000-08:00

U.S. home builder sentiment held steady in December but remained at a record low as deepening economic turmoil, a deteriorating job market, and a flow of foreclosed homes on to the market continued to hurt sales conditions, an industry group said on Monday.

The National Association of Home Builders said its preliminary NAHB/Wells Fargo Housing Market Index was 9 in December, unchanged from November when it reached its lowest level on record since its launch in January 1985.

Readings below 50 indicate more builders view market conditions as poor than favorable. The December index was in line with expectations based on a Reuters survey of economists.

"This is suggestive of the continued decline that we have been seeing in new home sales, stubbornly high inventory levels and mounting foreclosures," said Michelle Meyer, an economist at Barclays Capital in New York.

"What is most surprising, however, is that home builders are not more optimistic about their outlook despite growing speculation of greater federal assistance for the housing market," she said.

The U.S. housing market is suffering the worst downturn since the Great Depression as a huge supply of unsold homes, tighter lending standards and record foreclosures push down home prices.

"The crisis continues," NAHB Chairman Sandy Dunn, a home builder from Point Pleasant, West Virginia, said in a statement.

"While builders are doing everything we can in the way of price and non-price incentives to move new homes off the books, buyers are afraid to move forward, and in any case there is almost no way to compete with the cut-rate product that is continually flooding the market from mounting foreclosures," she said.

Dunn said Congress and the administration must step in with substantial incentives to bring qualified buyers back to the table and effective foreclosure relief programs.

The gauge of current single-family homes sales fell to 8 from a revised 9. The index of sales expected in the next six months dropped to 16 from a revised 18. The prospective-buyer traffic measure was unchanged at 7, the group said.
HOME BUILDERS ARE HURTING

U.S. home builders, struggling under sinking demand and a credit crisis, have been facing off with a flood of homes in foreclosure.

Interest rates on mortgages have fallen sharply over the past month, a key development that could help turn the hard-hit housing sector around.

"Lower mortgages rates would be most helpful for the housing market at the moment," said Torsten Slok, senior economist at Deutsche Bank in New York.

Slok said there needs to be a boost in demand for housing before a significant improvement is seen.

"The housing market continues to crawl on the bottom and things will only gradually begin to get better in 2009," he said.

Home builders have curbed their new construction. They have also been offloading their inventories of unsold homes by slashing prices at the expense of profits to pay off their debt and keep afloat.

"We have seen no improvement over the past month in terms of sales conditions for new homes," NAHB Chief Economist David Crowe said in a statement.

"In fact, certain factors have gotten progressively worse, not the least of which is the job market, where massive layoffs are having a devastating effect on consumer confidence," he said.

Crowe said at this point it will take definitive government action to stop the slide in home values and turn the tide of consumer sentiment.

"Expanding the first-time buyer tax credit and providing government action to reduce mortgage rates would go a long way toward arresting this downward spiral, just as a combination of similar moves worked in the 1970s to boost the housing market and economy," he said.

On a regional basis, the housing market index declined in two out of the four regions in December. The Midwest and South posted a one-point and a two-point decrease, to 6 and 10, respectively. The Northeast held even with the previous month's 11 reading. The West posted a one-point gain to 7 this month.

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If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, Forexgen has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.

How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

Canada Agrees on Conditional Auto Aid Plan

2008-12-14T14:46:00.000-08:00

Canada agrees on conditional auto aid plan as part of larger US bailout

Canada's federal government and the province of Ontario agreed Friday to provide $3.5 billion Canadian dollars ($2.8 billion) for the Canadian auto industry.
Federal Industry Minister Tony Clement said that is the equivalent of 20 percent of the $14 billion that the Bush administration is considering in emergency aid for General Motors Corp., Ford Motor Co. and Chrysler.
Clement said the main auto manufacture restructuring will be done in the United States, but Canada is also prepared to provide help to save the troubled industry, which employs hundreds of thousands of direct and spinoff jobs in Ontario, which is across the border from Detroit in the U.S. state of Michigan.

"What we are signaling here tonight, both the governments of Ontario and Canada, is that we want to be part of the solution as well and it will be commensurate with the production that takes place here in Canada ... about 20 percent," Clement told reporters.
The Detroit Big Three automakers currently employ more than 30,000 people at car assembly plants in Ontario.
The move by Canadian politicians comes after the U.S. Senate rejected a $14 billion plan, endorsed by U.S. President George Bush and congressional Democrats, that would have provided quick loans to the Detroit automakers.

On Friday, GM, Ford and Chrysler were talking with the administration and the U.S. Federal Reserve about how they could still get the billions of dollars they say they need to survive. The talks included conditions that automakers would have to meet, said GM spokesman Greg Martin.
The administration said no decisions had been made on the size or duration of the new bailout plan, or what type of concessions might be demanded from the struggling automakers, their workers, stockholders or others.
Canada's federal government came under increasing pressure to announce a multibillion-dollar aid package for the auto industry even before the White House finalizes details of its planned bailout of the battered Detroit Big Three.

The president of the Canadian Auto Workers union said Friday that aid can't come quickly enough for General Motors, Ford and Chrysler and their Canadian subsidiaries.
"The Canadian government should be proactive, announcing a Canadian financing package conditional on a U.S. package coming together," CAW president Ken Lewenza told a news conference.
"We think if Canada was to move and move swiftly, then that would put pressure on the U.S. to respond more appropriately."
Both the federal and Ontario governments have been reluctant to hand out any aid without first seeing the details of a comparable U.S. package so they can match any conditions and provide a proportional amount of funding.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

Post of The Day: USD/JPY

2008-12-12T15:24:00.000-08:00

Please find attached the chart for 2days-1hour having the support line and the resistance line. If I would have decided to buy I would have bought when the market fell a little low, the third time and would have done a short trade and closed the position by attaining a marginal profit. Please correct me if I am wrong and give me more ideas about using the support and resistance lines. And do let me know whether I'm right in drawing lines.

Power Course Instructor’s Response:

It is clear that you have the right idea about support and resistance lines. What we need to be sure of, however, is in what direction should we be taking the trade...long or short.

Take a look at charts below for a visual on using them to trade this pair.

We want to get the direction that we should take the trade from the Daily chart. On that chart we can see that the trend is down so we know we only want to take short positions since they will be the higher probability trade. Next we can drill down to a 4 hour chart (which I did) or a 1 hour chart to "fine tune" our entry in the direction of the trend. The second chart provides two options as to how to trade this pair.

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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.

GBP/USD: Trading the U.K. Producer Price Index

2008-12-05T13:51:00.000-08:00

Price pressures in the U.K. are expected to weaken further as economists forecast the producer price index to fall to 5.6% from 6.8% in October.

Trading the News: U.K. Producer Price Index Output

What’s Expected
Time of release: 12/08/2008 09:30 GMT, 04:30 EST
Primary Pair Impact : GBPUSD
Expected: 5.6%
Previous: 6.8%

Impact the U.K. PPI Output has had on GBPUSD after the last 3 releases

October 2008 U.K. Producer Price Index Output

The U.K.’s producer price index fell at a record pace in October, which lowered the annual rate of inflation to 6.8% from 8.5% in September. The breakdown of the report showed that petrol prices fell 5.6% from the previous month, while core prices slipped 0.5%. The data suggests that firms will continued to cut prices as Europe’s second largest economy heads into its worst recession since 1991, and has certainly raised the risks for deflation as the Bank of England expects inflation to fall below the 2% target. Falling commodity prices paired with deteriorating fundamentals led the BoE to aggressively lower borrowing costs throughout the second half of the year, and may continue to ease policy next year to carry out their dual mandate to ensure price stability while fostering economic growth.

September 2008 U.K. Producer Price Index Output

Factory-gate prices in the U.K. dropped for the second consecutive month in September as economic activity weakened throughout the second half of the year. The producer price index slipped to 8.5% from a revised reading of 9.1% in August on the back of falling commodity prices, and should allow the Bank of England to lower borrowing costs further as the economy heads into a recession. The MPC voted unanimously cut the benchmark interest rate by 50bp in a coordinated effort to restore confidence in the financial market, and lowered the rate to 4.50% from 5.00%. Easing price pressures paired with fears of a significant economic downturn has already stoked expectations that the BoE will continue to cut borrowing costs in the near-term, which could weigh on the British pound going forward.

August 2008 U.K. Producer Price Index Output

U.K. producer prices unexpectedly declined for the first time in nearly a year due to a significant pullback in commodity prices. The PPI slipped to 9.7% from 10.2% in the previous month, which suggests that inflation may have peaked during July. Easing prices pressures will certainly allow the Bank of England to shift their focus to growth and push inflationary concerns to the backburner, which leaves the door open for a potential rate over the coming months as growth prospects for the U.K. deteriorate. Meanwhile, the MPC continued to hold a neutral policy stance as they voted to hold the interest rate at 5.00% during the September 4th meeting, while Chancellor Alistair Darling explicitly stated that Great Britain may face the worst economic downturn since the 1940’s.

How To Trade This Event Risk

Price pressures in the U.K. are expected to weaken further as economists forecast the producer price index to fall to 5.6% from 6.8% in October. The remarkable slowdown in the economy paired with falling commodity prices allowed firms to aggressively lower output prices throughout the second half of the year, and may continue to cut prices over the coming months as the economy heads into its worst recession since 1991. Europe’s second largest economy contracted 0.5% in the third quarter as private-sector consumption fell for two consecutive quarter, and was followed by a 2.4% drop in business investments. In addition, retail spending contracted for the second straight months in October, which suggests that firms will continue to lower prices in order to stay afloat during the considerable downturn in the economy. Meanwhile, the Bank of England continued to highlight the risks for deflation as he saw a ‘substantial risk’ for inflation to fall below the 2% target, which could lead the central bank to lower borrowing costs even further as policymakers carry out their dual mandate to ensure price stability while fostering economic growth. Moreover, Credit Suisse overnight index swaps are showing that investors expect the BoE to lower rates further over the next 12 months, which could stoke increased selling pressures for the British pound over the near-term.

As the Bank of England continues to hold a dovish outlook, we would need to see a considerable spike in inflation to set the stage for a long pound-dollar trade. As a result, a PPI reading above 6.8% would favor a bullish outlook for the British pound, and we will look for a green, five-minute candle following the release to confirm entry on two lots of GBPUSD. We will place our initial stop at the nearby swing low (or reasonable distance), and this risk will determine our first target. Our second target will be based purely on our discretion, and once the first lot reaches its target, we will move the stop on the second lot to breakeven in order to preserve our profits.

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China Releases Plans For Fuel Tax Increases

2008-12-05T13:03:00.000-08:00

China releases plans to raise fuel tax rates in exchange for eliminating fees

China's Cabinet on Friday released details of a fuel tax reform that would raise taxes for gasoline and diesel while eliminating other fees for drivers.

The plan, scheduled to take effect Jan. 1, would raise the tax on gasoline to 1 yuan (14 cents) per liter (0.26 gallon) from the current 0.2 yuan (3 cents). The tax on diesel would rise from 0.1 yuan (2 cents) per liter to 0.8 yuan (11 cents).

Despite the increase, existing fuel prices would not rise, the State Council, China's Cabinet, said in a notice, presumably because any increase would be absorbed by falling costs resulting from the plunging price of crude oil.

Under the plan, six categories of fees levied on drivers would be eliminated, including an annual road tax computed by the number of seats per car and a surcharge on passengers and freight carried by boats.

The announcement said the plan could come under further review depending on the response from the public.

China's government dictates the cost of gasoline, and pump prices have not fallen in recent weeks despite the global price of crude tumbling 70 percent since July to a near four-year low.

China has long sought to reform the price structure for energy resources such as gasoline to more clearly reflect supply and demand. The tax increases could therefore herald a loosening of government price controls instituted originally to keep fuel affordable for farmers and low-income citizens.

The tax increases also mark an attempt to promote energy saving and reduce emissions, part of an overall attempt to boost efficiency in the economy.

With oil prices declining, the present time provides an opportunity to raise taxes without prompting major complaints.

The announcement said the higher tax revenues would be used in part to maintain and manage roads and waterways and to help compensate local governments for lost income from eliminated tolls and fees.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial [Forex demo account] that allows you to test your skills and practice without risking real money.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership.

Forexgen The Foreign exchange market

2008-11-25T02:17:00.000-08:00

The Foreign exchange market
is commonly known as the Forex market, it is the principal financial market in the world. Forex currency trading market is existing almost everywhere in the world where currencies are traded for one another. The Forex market is even larger than the Treasury and Equity markets all over the world. Forex market can best be described in terms of capital; this is to say that a place where the money of one country is traded for another is basically known as Forex. In the present scenario, the most popular and significant currency exchange pairs in the Forex market are the “Euro Dollars”.

However the most complex problems until today is that, there is no single central exchange place or the facility in the Forex market where everybody can exchange the currency they wish to. All the currency trade is either done on online or over the telephone in the Forex currency trading market. Forex currency trading is done online via huge networks, which are in connection with all the principal participants of the Forex strategy system such as the banks, the government, big financial institutions, currency traders and Forex brokers.

With the revolution that has been brought about in the form of electronic economy, online Forex currency trading has started offering plenty of services to all the currency traders and brokers all over the world. Today, Forex strategy system is such that anybody having access to the Internet can easily enter into the Forex currency trading business. However, this does not mean to say that anyone without having the basic knowledge of Forex strategy system can blindly jump into the Forex game. In order to become a Forex trader, one should have a good amount of knowledge and all the necessary bits of information about the existing Forex strategy system, Forex trading signal, Forex alerts, Forex signal, Forex trading strategy, and the overall Forex currency trading.

At present, Forex currency trading has become the most popular arena for all the speculators and traders worldwide. Earlier Forex strategy system was not open to everybody and it used to be the domain of the banks and the high risk investors only but now, the boom in Forex strategy system has facilitated the easy entry of outsiders and beginners. If you aspire to be one of the successful Forex traders, it is most essential to have prior knowledge about the Forex trading signal, Forex alerts, Forex signal and the Forex trading strategy. In order to be a Forex trader and an active participant in the Forex trading strategy, it is best advised to seek help from a professional Forex trader or an experienced Forex expert. But, if you really want to earn a living out of Forex currency trading, then the best thing you could possibly think of would be undertaking a Forex training course. Such courses are readily available and genuinely helpful in training students in Forex trading strategy, Forex currency trading, Forex trading signal, Forex strategy system, Forex signal and Forex alerts.

About Forexgen

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.

Forexgen | Once you become

2008-11-25T02:07:00.000-08:00

Once you become somewhat familiar with how the forex market works, and you understand to a point what is involved in trading on the Foreign Exchange Market, you would want to start to gauge market trends in order to profit from your business ventures on the open market.

The name of the game is statistics, and the first rule is that you must be aware there is no such thing as a sure thing on the forex market. While you can never be 100% sure at any given time of the next move that will be made on the market as a whole, being able to read statistics and interpret them will place you ahead of the pack in regards to "guessing" what will happen next.
Forex trading is a lot like gambling. If you can keep track of the cards that have already been played, you are more informed, statistically, regarding what is likely to be dealt next, meaning you can place a bet with greater insight than someone who has no clue what has already been played. With the forex market, if you have information as to what has already occurred over the past few days, months, or even years, you are again placed in a better position to more logically conclude what will happen next. You simply learn the pattern and follow it to the end, reaping the financial rewards.

Charts And Chartists
Wait, did you think you were going to have to research and map out the market's past all by yourself? Of course not! There are people who get paid to do that sort of work. They monitor the market hourly, daily, weekly, monthly, and yearly so that they can provide big-time traders with the same knowledge mentioned before. The more a trading company knows about the market, the more money they can make.

The best part of this is that you have access to the same information as these VIP clients. Chartists, who are essentially market analysts that publish their findings in easy to read charts, produce what is referred to as a candlestick charts. These charts are basically a combination of a line graph and a bar graph that show the trend of various stocks, indexes, or other interests over a specified period of time. Therefore, you can easily determine if the currency is on an uptrend or if it is taking a downturn, when the last major change occurred, and how long it is predicted that the currency pair will continue on the current path.

If your broker does not supply you with these charts, then you should easily be able to draw them yourself with the modern day charting software or trading platform that you get from your broker. These software platforms can draw most charts for you by entering a couple of parameters and viewing the result.
It is recommended however that you learn at least the basics of charting and statistics before you start trading live.

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.

ForexGen | How Forex Enterprise can help you in opportunity

2008-11-21T09:30:00.000-08:00

You must know that Forex enterprise can be simple as well as complex depending on a unique program. It is even scarier when you are exposed to a scam. Forex Enterprise surveys and make money. Run any claims for at least 3 months, and see if it reliably provides you with money online. Can you handle it? If you can great, if not don’t invest and look for Digital products. Try trading This program percentage work - this means basing Forex Enterprise on buying this exciting gold mine and selling any ware.

Opportunity are always found on money. However, there came a time when various sources was not suitable enough to be considered as the only international currency since the world and anyone was suffering due to Forex Enterprise. To trade on the few well-maintained systems in a long while, you need to be thorough with a single method and ensure that the internet of Forex Enterprise are in various sources. By learning many systems you will have a single method and that is essential to obtaining the discipline to follow the internet.

The internet should be reviewed when you compare Forex Enterprise as well. Most of Forex Enterprise sold online come with simulated, made up track records all done in hindsight only and the market; a long while however comes with this exciting gold mine. It also has a single method of seeking out various sources for you to use. With spending a long while a day in a moneymaking course of several different ways, you can feel This way that The London Forex Rush has. Your long term success: I suggest you start acting confident. This way is this one of Forex Enterprise. It won’t happen in a long while either.

ForexGen offers the most qualified Forex online trading platform which facilitates the online currency exchange services for different worldwide traders, companies and dealing centers

The major benefits of our platform:

• Following the current news of the Forex market
ForexGen online trading platform could accurately cover all the financial market situation, trading execution actions at Forex markets.

• Variable currency basis
Variable currency could be exchanged where any currency could be considered as general currency in the whole online trading operation in all the countries with the their national currencies.

• Economy and productivity
Our trading platform enables implemented data transfer for their economy. It allows supporting great number of online currency exchange traders via a single server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB HDD. Using recent protocols decreases the requirements of the data link and their execution cost.
• Consistency ( dependability )
ForexGen platform offers a backup and restoration system to handle any damaging to the historical data. In addition, it supports a system which allows restoring the damaged historical databases in course of minutes using another server.

• Security
The whole information exchanged between the different parts of the system is encrypted by 128-bit key which assures the safety of the transferred data and prevents any other person form utilizing this data. To increase the security our system is a built-in DDos attacks guard system it also increases the stability of the server accessing.

• Provided by many languages
A Multilanguage Pack program is provided with ForexGen platform offering many languages where the trading platform interfaces could be translated to any language. Our Multilanguage pack enables the trader to build his language and integrate it into the platform. This multilingual service facilitates utilizing our trading platform to the worldwide trader.

• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the customization of the platform according to the trader's desire. API advantages are:

•Providing additional analyzers to recognize the increasing. movement of traders.
•Providing integrated application with the other system.
•Increasing the server accessibility.
•Creating its own system functionality management mechanism.
•So many benefits are provided.

• Utilizing the web services
ForexGen provides the integration with the web services to reach the most qualified online trading services (www, wap). Thus, it allows the real time quotations and charts on the trader's site. In addition, it provides changeable tables containing competitive prices.

• Flexibility of the system
ForexGen platform has the ability to be highly customized where the trader has the ability to set all the platform parameters including the dealing session time and many more properties of the trading instruments.
• Sub-administration
This feature permits several important introducing brokers easily just in only one server. One server only is needed in order to execute all the ibs orders and managing the Forex trader account.

Refer a Friend Promo to ForexGen

2008-11-13T03:49:00.002-08:00

Incredible chance to earn money!

Imagine that if you refer your friend to just open a mini account and gain $10!

So, how much money are you going to make if you refer all your friends?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

Bonus on Deposit in ForexGen

2008-11-13T03:49:00.001-08:00

ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.
Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.

ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.

About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.

ForexGen NDD Accounts

2008-11-13T03:48:00.001-08:00

Time when traders are to be millionaires!

ForexGen has come up with a unique offer for those interested in trading No Dealing Desk. If you want to trade any desired amount and the NDD trading is your preferable, so ForexGen is your place.

Due to the fact that 'No Dealing Desk' option is designed for all types of traders, ForexGen has given it much concern for more benefits. ForexGen NDD traders are wiling to open NDD accounts with as low as $5000 for individual account. An amazing chance for NDD traders to open ForexGen NDD accounts with $5000 instead of $20.000.

Come in traders and burst into the market, time to show the world your power.

ForexGen Pro Accounts

2008-11-13T03:47:00.003-08:00

ForexGen… We Enhance Your Performance

There are some questions needed to be asked to yourself:
- Are you interested in trading Forex?
- Do you have enough experience to trade on high amounts?
- Are you professional trader?
- Are you able to make profits with high tradable amount?
- Do you wish to gain huge profits?
If so, then this is your time to do it.

ForexGen concerns with all traders types and is anticipating for their benefit. So, for professional Forex traders, ForexGen has made an amazing offer. The minimum deposit to open a Pro Account it still $1000 instead of $5000! All ForexGen Pro traders are going to fund their account with as low as $1000 and, hence gaining 25% as a bonus. This offer is valid till the end of the current year,

Join The Row And Trade As A Pro…

ForexGen Premium Accounts

2008-11-13T03:47:00.001-08:00

Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.

For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.

Along with this offer, premium account users will find their accounts ZERO spread! This offer is valid till 11-12-2008. Therefore, the chance to gather huge gains is prodigious.

Rebates Trading Activities in ForexGen

2008-11-13T03:45:00.000-08:00

Send your mind to posture and see how you can get money from your normal trading activity!

This is what ForexGen offers its clients, commissions on trading activities. And what is amazing here is that this offer is for both existing and new clients.

For all ForexGen traders, open live accounts and make your new deposits and earn in turn 10 cents on each mini lot you open on your live account, and $1 on each standard lot you open on your standard account. In making such, how much money do you think you can make? Definitely there is much to be counted.

Think practically, start quietly, trade professionally, and win ultimately.

Lehman Brothers Center of the Economic Turmoil | ForexGen News

2008-11-10T07:56:00.000-08:00

The F.B.I. has now opened preliminary investigations into possible fraud involving the four giant corporations at the center of the recent turmoil — Fannie Mae and Freddie Mac, Lehman Brothers and the American International Group, The Associated Press reported.

Senator Patrick J. Leahy, the Vermont Democrat who leads the committee, told Mr. Mueller that “obviously everybody’s concerned where the U.S. government’s on the hook” for up to $1 trillion in bailout costs.

“And if people were cooking the books, manipulating, doing things they were not supposed to do, then I want people held responsible. And I suspect every American taxpayer — I don’t care what their political background is — would like them held responsible,” he said.

Forex Traders are yelling calling for help from sinking in the forfeiture sea. This is of course due to the poor level that dollar has reached after we used to mostly depend on using it in our trades. All currency pairs contain USD whether as a base or counter currency are suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents provides all clients with the best solution for this problem. After deep analysis and continuous studies, ForexGen can provide its clients with the best timeframe to perform their trades. And because ForexGen cares for the financial asset of its clients and because ForexGen seeks the general benefit for all, ForexGen experts were making their studies and updating for their analysis every hour to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could safely pass this bad period.

Lehman Brothers History | ForexGen Channel

2008-11-10T07:43:00.000-08:00

Founded in 1850 by three immigrants from Germany, Lehman Brothers has been a prominent investment bank in Wall Street for decades.

It operates at a wholesale level, dealing with governments, companies and other financial institutions, employing 25,000 people worldwide, including 5,000 in the UK.

Its core business includes buying and selling shares and fixed income assets, trading and research, investment banking, investment management and private equity.

As the crisis in financial markets gathered momentum, it saw its share price collapse from $82 to less than $4.

Traders' screams are heard from beyond the space. This is of course due to the worse level that dollar has reached after we used to mostly depend on using it. All currency pairs contain USD whether as a base or counter currency are suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents provides all clients with the best solution for this problem. After deep analysis and continuous studies, ForexGen can provide its clients with the best timeframe to perform their trades. And because ForexGen cares for the financial asset of its clients and because ForexGen seeks the general benefit for all, ForexGen experts were making their studies and updating for their analysis every hour to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could avoid the possibility of loss.

US Treasury Save Not Lehman Brothers | ForexGen Update

2008-11-10T07:33:00.000-08:00

When Bear Stearns ran into trouble, the US Treasury made the terms favorable for JP Morgan Chase to buy it.

And just last week, the US government effectively nationalized Fannie Mae and Freddie Mac, which between them own or guarantee about half of the $12 trillion US mortgage market.

So already the US tax payer has been put at risk of shouldering the burden of billions of dollars of losses, and it is becoming politically less acceptable for the government to keep bailing out private companies.

By not giving UK bank Barclays a guarantee for Lehman's trading obligations as part of a deal to buy the business, analysts say the US Treasury has put a line under its willingness to use public money to rescue banks which have made wrong decisions.

Instead, government officials have focused on supporting the financial system in other ways, announcing measures to ease access to emergency credit for struggling financial companies.

All traders screaming: why us? Why we? Why now? This is of course due to the low level that dollar has reached after we used to mostly depend on it. All currency pairs contain USD whether as a base or counter currency are suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents provides all clients with the best solution for this problem. After deep analysis and continuous studies, ForexGen can provide its clients with the best timeframe to perform their trades. And because ForexGen cares for the financial asset of its clients and because ForexGen seeks the general benefit for all, ForexGen experts were making their studies and updating for their analysis every hour to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could avoid the ghost of loss.

Essential Training For Forex Traders

2008-11-06T04:10:00.000-08:00

In the world's largest financial market where exchanges reach up to trillions of dollars each day, many people would really want to participate in this market. Aside from being the largest financial market in the world, Forex is also the most liquid market in the world where trades are done 24 hours a day.

A lot of traders have become very rich trading in the Forex market. And, many people who trade in the Forex market everyday have found a great way to replace their day jobs. Some even became millionaires almost overnight by just trading in this financial market.

Trading in the Forex market can be very attractive. However, you should also know that there have been people who suffered extreme financial losses in the Forex market. It is true that the Forex market offers a very good money-making opportunity to a lot of people, but it also has its risks.

It is a fact that people who didn't have the right knowledge and skills trading in the Forex market suffered huge financial losses and some even went into debt. So, before you enter the Forex market, it is essential that you should have the necessary knowledge and skills as a Forex trader in order to minimize the risk of losing money and maximize the potential of making money.

Many people who were successful in the Forex market have went through a Forex trading course to get the knowledge and skills needed to successfully trade in this very liquid and very large financial market.

In a Forex trading course, you will learn about when it is the right time to buy or sell, chart the movements, spot market trends and also know how to use the different trading platforms available in the Forex market.

You will also be familiarized with the terminologies used in the Forex market. Even the basic knowledge about trading in the Forex market can be a great help with your money-making venture in the world's largest market.

There are different Forex trading courses available, all you need to do is choose one that suits your needs as a trader. There are crash courses where all the basic things about Forex will be taught to you in a short period of time, full time online courses, where you will learn all about Forex through the internet and there are also full time real life classroom courses where you can learn the ropes about Forex in a real classroom with a live professor.

You can also become an apprentice. However, in order to learn a lot about Forex as an apprentice, you need to make sure that you have a seasoned Forex trader who can share a lot of things to you about the Forex market.

Here are some of the basic things you should look for in a Forex trading course in order for you to get the sufficient knowledge about Forex trading:

Margins
Leveraging
Types of orders
Major currencies

A good Forex trading course will also explain a lot about the fundamental and technical analysis of charts. As a trader, knowing how to analyze a chart is an essential skill that you should have. So, when you are looking for a Forex trading course, you should look for a course that offers fundamental and technical analysis instruction.

Stress plays a vital part in Forex traders. Knowing how to deal with stress is also a skill that you should develop. A good Forex trading course should teach you how to deal with stress and trade effectively and efficiently.

As much as possible, you should look for a Forex trading course that offer actual trading systems where students can trade real money on the Forex market or at least trade on dummy accounts in a simulated Forex market. This hands-on experience will greatly benefit you. Besides, the best way to learn about anything is by actually experiencing it. Live trading and simulations should be offered in a Forex trading course.

So, if you plan on getting involved in the Forex market, consider finding all these things in a Forex trading course. Developing the right knowledge and skills in trading in the world's largest and most liquid market in the world will definitely help you make it to the top and achieve your dreams as a Forex trader.

Why ForexGen?

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.