FOREX– Swiss Precision - Scandinavian Quality

Low Spread Forex Trading Platforms

2009-01-13T14:04:00.001-08:00

When you start your forex trading you will find that the forex brokers - online or conventional, do not ask for a commission for their service. But of course, they do not perform their operations for free. They make money by charging a “spread” from the investor. It is therefore very important to find out a low spread forex trading platform.

The spread is the difference between the bid price and the ask price for the currency being traded. The broker adds this spread onto the price of the trade and keep it as their fee for trading. So you can consider this as a hidden commission.

One good thing about the spread is you pay it when you buy and not when you sell. A trading of 4 pips vs. 5 pips makes a difference of 25% on your trading costs! This makes the point clear why you would need a low spread forex trading platform.

The popular currency pairs like the EURUSD or GBPUSD typically have the lowest spreads. Some brokers offer different spreads for different types of accounts. A low spread forex trading platform may not offer a good mini trading and have higher spreads than a full contract account. Obviously the smaller the spread on currency pairs the better the conditions for you as investor and trader.

[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

Technical Outlook for the AUD/USD

2009-01-13T13:54:00.000-08:00

Although many countries across the globe have fallen into recessions, Australia has avoided one. The economy has expanded every quarter since 2000 albeit at an increasingly sluggish pace. In the third quarter of 2008, growth was a paltry 0.1 percent, the weakest in 8 years. There is a decent chance that growth in the fourth quarter was negative and if so it would put Australia at risk of falling into a recession for the first time in 17 years. It may be difficult for Australia to avoid a recession, but any recession in the country should be shallow.

Consumer spending has been neutral to positive every month this year thanks to a steady labor market as the unemployment rate has only ticked up marginally from 4.1 to 4.4 percent. Domestic demand and Chinese demand has made the Australian economy much better equipped to deal with the global slowdown than its peers. Many economists are looking for 2009 GDP growth to be in excess of 1 percent. Although this would be the weakest growth since the recession in the 1990s, we are certain that Australians are grateful that their economy is growing at all. The only significant risk for Australia is a major slowdown in China. China has been the engine of global growth for the past 10 years and unfortunately for world and Australia in particular, that engine has begun to slow.

For the past few years, China has enjoyed double digit growth rates and in 2008, growth is expected to fall to 9.8 percent and in 2009, growth is expected to fall below 7 percent. China has not been immune to the global financial and credit crisis and even though the government has deep pockets, the prospect of more weakness in the real estate market and the pain of sharp losses in the stock market could lead to a further slowdown in consumer spending. Until the global recession is over, many people China could become more conservative with their spending which will undoubtedly have a negative impact on the Australian economy.

In the first half of 2008, the Australian dollar soared within a whisker of parity with the US dollar. However as the prices of commodities plunged, so did the AUD/USD. Having hit a 5 year low of 0.60 in October, the currency pair has been quietly consolidating. It December, it rose out of the Bollinger Band sell zone. Prices are also in the process of breaking the 23.6 percent Fibonacci retracement of the 0.9850-0.60 sell-off. The next level of resistance is at 0.7200, the 20 week SMA and the October / December high. The turn in AUD/USD remains intact as long as the currency pair remains above 65 cents.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
*White label
*Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

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

Dramatic Rate Cuts to Come to an End

2009-01-13T13:43:00.000-08:00

The Reserve Bank of Australia has been extremely aggressive in 2008, cutting 300bp in just 4 months. The last rate cut they made was in December when they slashed interest rates by a full percent. According to the RBA, monetary policy is now “expansionary” which suggests that they are almost done with cutting interest rates. The central bank has been extremely proactive and their efforts will be vital in helping to restore the Australian economy.

Like many of their international counterparts, Australia has combined monetary with fiscal stimulus. At most, we expect another 100bp of easing from the RBA next year. This will probably be in the first half of the year, which is when the economy could fall into recession. After that, watch out for a quick recovery for Australia in the second half of the year.

[ForexGen Services]

Client Services

Customer Support
Trading Support

ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]
* [Money Manager]

ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.

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

Australian Dollar Forecast

2009-01-13T13:37:00.000-08:00

Will Australia Avoid Recession?Weak Australian Dollar Will Lead to Upward Revisions for Corporate Earnings

The global economy is slowing but there is a decent chance that we could see Australian corporations report an improvement in earnings. Since the beginning of the year, the Australian dollar has fallen 25 percent against the US dollar, 35 percent against the Chinese Yuan and 50 percent against the Japanese Yen. These currency fluctuations are particularly important because Japan, China and the US are the largest export destinations for Australia.

Since a weaker currency reduces the costs for exports, leading Australian companies like Qantas, Billabong and Fosters have revised up their earnings on the expectation that a weak currency will boost foreign demand for their products. Stronger earnings will help to pull the country out of any recession and hopefully engineer the second half recovery that many economists are looking for.

[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.

How Did the Australian Dollar Trade in 2008?

2009-01-13T13:29:00.000-08:00

Back in July 2008, everyone was talking about how the Australian dollar could reach parity with the US dollar. At the time, the currency pair was trading at 0.9845 a 20 year high. However what rises quickly can also fall quickly because when commodity prices peaked in July the Australian dollar came crashing down.

The currency fell close to 40 percent against the US dollar to a 5 year low before finding support above 60 cents. The move was even more dramatic against the Japanese Yen. AUD/JPY traded as high as 104 this year before it dropped close to 50 percent to a record low. Despite the dramatic moves, the Australian dollar’s weakness was not universal. Since the beginning of the year, the currency actually strengthened marginally against the British pound and New Zealand dollars. Looking ahead, the sharp weakness of the Aussie dollar could help the country recover in 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.

Pimco Boss Props up The Australian Dollar

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

PIMCO Bill Gross said Australian government debt is more attractive than Treasuries because Fed policy makers are failing to tackle inflation. US policy makers, certainly in an election year, are unwilling to accept their medicine.

The Australian Dollar beneifited on the and was trading at 0.9267 against the US Dollar with a high just sub 0.9300.

[Partnership With ForexGen]

Stronger Mortgage Data Props up Pound vs Dollar

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

Sterling steadied versus the dollar on Monday as news of growing mortgage approvals eased concerns about a potentially sharp slowdown in the housing market.
Mortgage approvals -- seen as a forward looking indicator -- picked up from near record lows in January, according to data from the British Bankers' Association.

Coupled with much better-than-expected retail sales figures the previous week the data backed the view that the Bank of England would not need to cut rates aggressively to boost growth.
Bank of England policymaker Kate Barker said in an interview with a regional newspaper that a recession remains unlikely.

"The last few weeks' data has been pretty upbeat and the BBA lending as well was quite strong," said Peter Frank, currency strategist at Societe Generale.
"The market is no longer thinking that the Bank of England is falling behind the curve and modest rate cuts seem to be the way forward rather than anything too dramatic. Obviously sterling is beginning to gain ground on that."

He added that the relatively high level of speculative short bets on the pound -- totalling a net 12,157 contracts in the week to February 19 according to the latest data from the Commodity Futures Trading Commission -- also left the currency open to a correction higher.
By 3:19 p.m. the euro was down 0.2 percent 75.26 pence. The pound was steady at $1.9674.
However, there were some signs that not all is rosy with the economy.
Housing market research company Hometrack said house prices fell by 0.2 percent this month -- their fifth monthly fall. That pushed annual inflation down to a 22-month low of 1.4 percent from January's 2.3 percent.

"We expect sterling to remain under pressure over the medium term... Indeed, any further near-term gains into the $1.98/$1.99 area would be considered for re-establishing bearish strategies," BNP Paribas said in a research note.

[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.

US Dollar - Dropping to New Lows?

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

The US Dollar declined for the second week in a row as the economic data produced nothing but drab news. CPI continued to press higher with core readings reaching 2.5% while headline prices clocked in at 4.3% as rise in commodities showed that inflation is very much alive. But price stability is not a concern for the Fed at the moment.

US monetary policy is solely focused on reviving growth. This week horrendous reading in the Philly Fed index which reached a 7 year low, was a loud and clear signal that demand is contracting rapidly. Add to that the fact the weekly jobless claims have averaged well above 350K for the past four weeks and it becomes easy to see that markets now expect another 50bp cut in March.

[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

British Pound: Can the Gains be Sustained?

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

After yesterday’s strong retail sales number and blockbuster recovery in the British pound, the currency continued to see a broad based recovery.

The outlook for the British pound has become extremely uncertain with a hawkish Quarterly Inflation report, strong retail sales and an upside surprise in employment conflicting with the dovish minutes from the most recent Bank of England meeting. That is why this week’s UK GDP, housing numbers and GfK consumer confidence will be very important because they provide more information on the recent health of the UK economy.

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

* [Claim Your Bonus ]
* [Live Account Contest ]
* [ Demo Account Contest ]
* [Refer A Client ]
* [Scalping enabled Account]

Lloyds accesses European Central Bank Funding

2009-01-01T18:52:00.000-08:00

Investment banks are secretly profiting from emergency European Central Bank funding by acting as brokers to funnel billions of euros of much needed liquidity to Britain's banks and building societies. Bankers said that UK lenders were having to access the ECB through the back door UK lenders with no operations in Europe are particularly at risk of funding problems because they have been struggling to access central bank money.

While the ECB has pumped more than $500bn (£254bn) into the wholesale funding markets, dropped its penal rate and widened the collateral it accepts as security, the Bank of England has injected just £20bn. In what one executive said was a way of "levelling the playing field" for those without access to eurozone funding, investment banks are acting as go-betweens to provide smaller UK lenders with ECB access.

Lloyds TSB chief executive Eric Daniels last week confirmed the bank, which has a European presence, had used the ECB to "fund at the best rate we can". Other UK banks such as Barclays, Royal Bank of Scotland and HBOS are thought to have made similar moves.

For those without a European presence, the funding works in two stages. First, the UK domestic lender parcels up assets and pledges them to investment banks in return for liquidity. Those investment banks can then pledge the assets on to the ECB, which becomes the ultimate funding source.

The investment banks make their money by charging a higher rate of interest than the ECB.
Alliance & Leicester demonstrated the scale of the opportunity last week, revealing it paid £150m to secure funding through to 2009 in what finance director Chris Rhodes labelled "the cost of the credit crunch". A&L has securitised £17bn of its mortgage assets in two vehicles, pledging "a material proportion" as collateral against new facilities. It is not clear if the investment banks have exchanged the pledges for funds at the ECB but it is understood that A&L's collateral would be acceptable once restructured.

Building societies are also likely to be using the facility. One banker said: "If you were a UK lender and you had assets against which you could draw down funds, why wouldn't you do it?"
Bankers said the fact that UK lenders were having to access the ECB through the back door exposed failures at the Bank of England.

[ForexGen Services]

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Creating True Wealth as a Forex Trader

2008-12-31T15:12:00.000-08:00

Forex, or Foreign Exchange, trading can be a very rewarding. In fact, it can be one of todays best wealth generating opportunities. Regular people like you and me are consistently making $500, $600 and more per day from the comfort of their home trading forex. Many do not know this, but the forex market is by far the largest market in the world. It is estimated that around $1.5 TRILLION is traded every single day. By far more then all the stock, bond and futures markets of all the world combined!

But what does a forex trader do? Simple, buy a currency at a low value and sell it at a higher value, and in the process profit from it! For example, buy Great British Pounds with US Dollars, wait for the Pound rate to go up and make money! This can be done several times a day if the forex trader is a day trader or several time a week or month if the trader is a forex swing trader.

[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.

Forex Market Trading

2008-12-31T15:08:00.000-08:00

Currency market trading grows considerably nowadays and Forex has become one of the most popular markets of such kind. Would you like to take all the advantages of Forex currency market trading with professional trading platform that includes unique trading tools, terms and resources? ………………. is a powerful foreign exchange market trading system. Small transaction sizes and competitive terms offered by ………….. allow you to get more comfortable with currency market trading and break into the exciting world of Forex market trading in the most reasonable way.

We offer you Forex currency market trading platform that will satisfy all the preferences of diverse group investors, be they either beginners or advanced traders, who like fundamental and technical analysis. …………….. as the reliable provider of foreign exchange market trading platform offers the most effective way to join Internet dealing system and get access to the real time market quotes, fast order executions, integrated streaming news and much more. Actually, currency market trading carries a high level of risk and may not be suitable for all investors, so we advise you to read our risk warning first before joining the market.

Before entering Forex market trading, you should carefully consider your investment objectives, level of experience and intuition. Do you know the effective way to test your Forex currency market trading strategy and get to know more about the system without risking your hardly earned money? …………….. provides you with an opportunity to practice using free demo account to enhance your skills and improve your knowledge. We have all the necessary resources to provide you with flexibility to create individual foreign trading accounts and trade the full value of your account.

[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.

Why Choose Forex Trading Over Stocks?

2008-12-31T15:03:00.001-08:00

Did you know that the Foreign Exchange Market (FOREX) is the largest financial market in the entire world? With total DAILY transactions of about $1.4 trillion + /day (over fourteen times all American stock markets combined!) there has GOT to be some advantages to the FOREX market, right? Indeed. There are many advantages that FOREX has over the stock market which we will discuss here. First, the FOREX is open 24 hours a day 5 days a week. It opens in Sydney Australia and closes finally on Friday afternoon in New York. A major plus in regards to FOREX is the fact that there are no broker commissions involved when trading in FOREX. Also, the trades are shorter term trades where items are bought and sold within minutes and not normally held like corporate stocks.
Another advantage to FOREX is the liquidity of the market due to the volume of trading that occurs worldwide.

In addition to liquidity, it does not require a lot of money to actually take part in FOREX trading as it take less than $300 dollars to get started with FOREX trading as opposed to stocks.
In all actuality, FOREX is much more like a day trading type of activity versus that of the investment value of the stock market. Even though this may SEEM a bit more risky, it is also important to realize that the FOREX does not move as abruptly as the stock exchange as the average daily movement in FOREX trading is around 1% change versus that of ten times the amount or more!
Remember, also that the FOREX trading market reflects actual economies and fundamentals as opposed to how a certain business is performing inside a certain economy inside a certain marketplace.

So research on future FOREX trades have a lot to do with what is going on around the different parts of the world and many fundamental items such as that of the economic status of a country usually do not change as drastically as quarterly earnings reports may shift a stock’s momentum instantly.
When leverages are concerned, many FOREX picks can be leveraged 100:1 ($500 = $50,000 in the market) whereas a stock may possibly get 2:1 or less. Overall, it seems that both the stick market and FOREX trading are two very different types of trading and it mostly depends on the individual investor and how they prefer to do business when considering what type of trading would be best for you.

[Partnership With ForexGen]

Different Types of Forex Charts

2008-12-31T14:59:00.000-08:00

There are a few different types of Forex charts including price charts, line charts, bar charts and candlestick charts.

The price chart simply provides pricing information at certain time intervals. Line charts usually provide closing prices each connected with a line in order for Forex traders to see the overall pattern or movement of prices over time. Bar charts basically show the fluctuations of prices during a set time interval. Most Forex traders look at the Forex chart using Japanese candlestick graphs.
On this type of Forex chart, the candlestick basically shows the price fluctuations within the given time period in relation to the time allotted on the chart.

There are different colors involved with candlestick charts where green indicates rising prices and red indicates falling prices. There are many popular “patterns” such as a “morning star” which many Forex traders using candlestick charts will refer to and use in order to help guide their trading decisions. It is important to research and get to know these types of patterns if you would like to use candlestick charts as your Forex trading chart of choice. As far as most Forex traders will agree, the market is never truly predictable and Forex trading, just like any other financial market can have its ups and downs. It is always best to do your research and learn how to successfully trade in the Forex markets through the use of free Forex software demos and more.

[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.

There Are Two Types of Analysis, Fundamental And Technical Analysis

2008-12-31T14:53:00.000-08:00

Fundamental analysis uses economic as well as political indicators as means to establish Forex trades where Forex charts are basically seen as an overall picture of the market while making trades to help provide even more information during your trades.

Technical analysis, on the other had, utilizes the actual chart data to help predict what will happen next in the market.

Technical analysis uses past events and historical data to help predict movements in the market through the observation of correlations between time and pricing.
Forex charts will also show the trader what the currency is worth in relation to what currencies the trader would like to trade.

[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

How to Avoid a Forex Scam

2008-12-30T19:22:00.000-08:00

When you start trading the Forex market, or if you present are, you demand to avoid the scams.

Here are some tips of how to avoid Forex scams:

1 - Exercise your shipshape sense. This is the primary phenomenon you compulsion to arrange. Evaluate carefully the product or the broker you are election. If you think they are offering you utterly much, be careful. It may be a scam.

2 - When you are looking for a forex trading system or a course, you ' ll probably see things same " make $100, 000 in a epoch ". Forex is a challenging market and not everyone can make long green obscure it. Don ' t dispose fooled by stir gilded fast conspiracies.

3 - One commendable tip when buying a trading system or course is to viewing if they have riches back guarantee or a unpaid trial spell. This journey, if you don ' t relating what you bought, you can always request for a decrease.

4 - If you are looking for a forex trading system, course or broker, scan reviews untrue by others traders. Scrutinize what they think about the product, the abutment party, how they handle their clients and therefrom on. Construe all that you can.

5 - Before buying a product or signing up veil a broker, always read their webpages. Feel costless to needle them your doubts. If they reckon on in their products and services, they will answer your questions.

6 - If you buy a forex trading system or course, test it first on a demo account. Don ' t start with your real account because you don ' t know how it will actually work. It may need some adjustments on your part to make the strategy good for you.

As I said, the Forex market is challenging. Unless you are able to spend some time with it, not only trading but also reading and learning, you won ' t make it. But, without a doubt, it ' s a very profitable market.

[ForexGen Promotions]

4 Tips For Choosing a Reputable Forex Broker

2008-12-30T19:16:00.000-08:00

can attest to the specific broker's qualifications and success history. Put yourself in that position, would you testify to someone's strengths if they did a poor job for you? Client history testimony should be present in any prospective Forex broker and plentiful to indicate a solid background with trading. You can tentatively assess a lot from a Forex broker with a list of clients that will speak up for the brokerage firm or individual broker. It should be noted that all word of mouth testimony should be taken with a grain of salt and dissected to collect the pertinent information. Testimony should be used in your research to find a Forex broker but should not be the deciding factor.

Another good morsel to test the reliability of any potential Forex broker is the amount of information, literature and lessons that they are willing to give to you. Most Forex brokers are of a high reputation and a solid background however, there are many out there that don't have a good history or no history and it is wise to steer clear of these brokers. You are trying to find a trusted financial advisor and settling for second best, just won't do. The more a potential Forex broker is willing to do for you in the area of helping you understand the Forex trading system, the better quality trader they will be for you.

A good avenue to travel down when seeking a good Forex broker is to ask your acquaintances about Forex brokers and how they met. This can not only give you prospective referrals to great Forex brokers but will also equip you with ideas and resources that you may not have located. If you get a referral from friends, be sure to still research that specific broker and his qualifications before committing to any formal agreement.

The other factor in finding a good Forex broker is the margin of return that is offered. A Forex trading margin used to influence your money and many Forex brokers offer different margins. Finding a Forex broker, who gives a margin of ten to one isn't a very good find so it's worth the time to reinvest in research. Remember that this industry is all about customer service and catering to the clients so if your prospective Forex broker doesn't return your calls within a reasonable time frame it would be advisable to keep searching.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Selecting the Right Forex Broker

2008-12-30T19:12:00.000-08:00

1) Is the broker I want to use regulated? This is the first question you should be asking yourself and there should be no doubt that they are. All regulated brokers are required to submit financial reports to regulatory authorities. Failing to do so can cause authorities to fine brokers or even end their membership. These rules force Forex brokers to keep financial reports.

Each broker is regulated by local regulatory authorities. For instance, if a broker is based in the United States, they're regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Swiss brokers, however, are regulated by the Swiss Federal Department of Finance (FDF). Using a regulated broker also protects investors because they're able to dispute resolutions.

2) What are the trading conditions like? This question refers to the trading conditions and special features of the trading platform with a Forex broker. Some of the most important factors include:

-Spread - The smaller the spread on currency pairs, the more favorable the conditions are for both traders and investors.

-Platform Execution - This term refers to how quickly and consistently the trades are executed. Many brokers promise fast, transparent executions during normal market conditions.

- Fractional Trading - Some brokers may allow investors and traders to trade on a fractional basis. For example, rather than allowing you to trade full lots of "100,000 units," they let you trade "163,345 units," which is helpful when you're making trades that risk a certain percentage of the balance on each trade.

-Safety of Funds - It's important to make sure that your trading funds are placed in a segregated account or, at the very least, insured for safe.

[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.

Moving Average Convergence Divergence (MACD) Momentum Indicator

2008-12-30T19:05:00.000-08:00

The MACD is based on three moving averages, however, they essentially show up as being only two lines. The 8 period and the 17 period moving averages are combined to form the faster-moving average line. The 9 period exponential moving average forms the slower-moving average. In your daytrading strategy, the MACD moving average lines can be read for three pieces of information to give you the buy and sell signals you need for successful trades.

The first type of buy and sell signal you get from the MACD is called a breakout. This breakout is signified by the faster-moving average crossing the slower-moving average. If you were to examine a MACD chart, you would see a few places where this is happening. Like we talked about earlier, when the faster-moving average line crosses the slower-moving average line on the way up, you’ve got a bullish signal. Conversely, when the faster-moving average line crosses the slower-moving average line on the way down, you’ve got a bearish signal. That’s a breakout. There are some traders who will enter or exit a trade based when the line crosses, however, keep in mind that by doing so, you could limit potential profits and take on additional losses.

The second type of buy and sell signal we can get from the MACD is to test for support and resistance. When you’re day trading stocks, you might be told to trade on the cross, but here is something you can add to your strategy instead of just blindly trading at the cross. What you can do is check to see if the indicator lines are moving in the same direction and test the indicator line as being a support or resistance line after the cross.

The last type of buy and sell signal we can get from the MACD is divergence information. When the fast- and the slow-moving average lines move away from each other, the mound on the chart expands. As these lines draw near to each other, the mound shrinks. That is called divergence. Divergence is an important day trading tip that can strengthen your position on a trade if read correctly.

[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 Swing Trading with Elliott Wave

2008-12-30T18:58:00.000-08:00

In technical analysis, just as in fundamental analysis, there are lagging indicators and leading indicators. One of the most reliable tools used to predict forex market swings is Elliott Wave analysis. Elliott Wave analysis can be used to identify trends and countertrends, trend continuation or exhaustion and to evaluate the potential price targets of a trend.

You can apply Elliott Wave analysis to both long and short position swing trade set ups for your currency pairs.

Elliott Wave theory is named after Ralph Nelson Elliott, who concluded that the markets moved in a repetitive pattern of waves. He attributed this action to the mass psychology of the market.

Elliott concluded that the market ¡s movement was a direct result of the mass psychology of the time and that the stock market is a fractal. A fractal is an object that is similar in shape, but at different scales. A great example of a fractal in nature is a stalk of broccoli. The stalk and the individual branches look exactly the same; just the branches are smaller in scale.

Fractals just happen to form in accordance with Fibonacci ratios. Is this a coincidence?

Elliott attributes this mass psychological move to the human trait of herding. Even though Elliott¡¯s theories were based on stock market price movements, it has been applied to evaluating Presidential approval ratings and fashion trends changes as well.

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Commodities Markets Expected to Stabilize in 2009

2008-12-29T18:50:00.000-08:00

Commodities may face lingering economic pressures; prices expected to stabilize later in 2009

During the first six months of 2008, commodities looked to be the savior of investors who were losing money in the stock market. In the second half, particularly for those who had invested in oil, futures contracts were their undoing.
At the start of 2009, commodities have little appeal. Most analysts expect prices to remain under pressure as worldwide demand continues to wane for basic materials of all kinds.
"For commodities to do well, they need demand and they need present demand," said Matt Zeman, head trader at LaSalle Futures in Chicago. "Until we see the physical demand picking up, we're going to have a hard time moving forward."

Still, analysts expect the futures markets to escape the sharp price swings they saw in 2008. Prices might not move much higher, but analysts predict the market will be more stable, which means what consumers pay for staples like gas and food won't increase much either.
Commodities soared in 2008 -- including oil reaching a once-unthinkable $147.27 a barrel in July and gold shooting up to a record $1,033.90 an ounce in March -- on a wave of unprecedented global growth, especially the booming economies in China and India. Meanwhile, the dollar fell considerably against other major currencies, making commodities all the more attractive as a hedge against the weaker greenback.
The volatility on Wall Street during the first half of the year also raised commodities' profile, as hedge funds and other big investors poured into the futures markets hoping to grab hold of some big returns. But a large part of the buying, especially in the oil markets, was fed by speculators who believed demand would only soar.

"People bought oil and commodities because they thought the rest of the world would continue to consume," said Phil Flynn, senior energy analyst with Alaron Trading Corp. "They were wrong. And they were wrong in a spectacular fashion."
Prices began to skid as it became clear the U.S. economy was weakening rapidly -- a trend exacerbated by the paralysis in the credit markets after the collapse of Lehman Brothers Holdings Inc. in September. Crude's plunge was the most dramatic, with a barrel dropping to $35 in late December, but the chaos in the market was evident in other commodities:
-- After setting its record March 17, gold dropped more than $300 an ounce to just under $705 in mid-November. The metal's path was a broken one, as investors were alternately attracted by its reputation for holding its value and turned away by commodities' tarnished image. At year's end, it was trading at about $875.

-- Wheat topped $12.70 a bushel in March, lifted in part by bad weather in several growing areas, but also on the belief that demand would increase in a wealthier global economy. By the end of the year, wheat was trading in the $5 range.
-- Copper rode expectations of rising demand in China to a record of $4.22 a pound in early July. At year's end, battered by the recession, it was trading under $1.30.
At first, the drop in commodities was seen as beneficial for economies; with prices cheaper, demand might come back. But as the huge decline continued, the lower prices were worrisome in and of themselves as indicators of just how weak the global economy is.

There are a number of variables that make it hard for analysts to predict much about the commodities market in 2009.
One is what will happen to interest rates in other countries, and in turn, the dollar. The Federal Reserve has sent U.S. rates about as low as they can go, earlier this month cutting the benchmark federal funds rate to a range of zero to 0.25 percent. Lower interest rates can spur economic activity, as cheaper borrowing costs give consumers more money in their pockets to spend. But lower rates can weigh on currencies as investors seek higher returns elsewhere.

It's not known whether central banks across Europe and Asia will also slash interest rates, further undermining their own currencies, and potentially giving the greenback a boost. If their rates are stable, the dollar could weaken, and commodities might get a lift.
"The question is, what is going to happen to the dollar?" said Rob Kurzatkowski, a futures analyst with OptionsXpress. "Everybody is kind of left scratching their head."

There's also uncertainty about inflation, which can rise in an environment of low borrowing costs. That could benefit commodities.
"If we keep interest rates low for some time, that is going to mean inflation comes back with vengeance," Zeman said.
Gold is perhaps the biggest beneficiary in times of inflation and stock market volatility; the belief is that gold has more potential to advance than other investments. Jon Nadler, senior analyst at Kitco Bullion Dealers Montreal, expects gold prices to trade within a range of $630 to $980 an ounce next year, with average prices hovering around $810.

One factor that stands in the way of another commodities boom in the new year is that investors, having been so badly burned by the plunge in prices during 2008, are unlikely to flood back into the market. It's true that signs of an improving global economy should give the futures markets back some of their strength, but the billions of dollars lost as speculative buyers fled the market have left many investors chastened.
But that will mean markets that are more orderly, perhaps even more sensible, which should help consumers and the overall economy.
"Less volatility presents less price risk, which in turn should translate into lower costs to the consumer," said Stephen Platt, futures strategist with Archer Financial Services.

Consumers have already seen how plunging oil prices have affected what they pay at the pump. Gasoline prices followed crude into the stratosphere, bolting to an average of $4.11 a gallon in July, according to AAA, the Oil Price Information Service and Wright Express. That's down from $2.972 a year ago. At year's end, the price had fallen to $1.62.

[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.

The Euro at a Glance

2008-12-28T18:52:00.000-08:00

A glance looking at the euro's history as it celebrates its 10th anniversary

Since the euro's introduction on Jan. 1, 1999, the European Central Bank and the European Union have touted its effects in lowering inflation, boosting job growth and increasing European unity and integration.

-- The euro zone currently encompasses 15 countries with a combined population of 320 million and a 16.4 percent share of world gross domestic product. That compares with the U.S., with a population of approximately 302 million and global GDP of 21.6 percent and China, which has a population of 1.3 billion and global share of GDP of 10.9 percent.

-- Since the euro was adopted, inflation has been lower in the euro zone, dropping to around 2 percent, below the average 3.5 percent in the 1990s and far lower than the average inflation of 9.3 percent in the 1970s and 7.5 percent in the 1980s.

-- More than 16 million new jobs have been created since 1999 and the unemployment rate has fallen from 9 percent in 1999 to an estimated 7 percent in 2008.

-- The euro's adoption has led to closer trade ties between the euro zone countries, too. The EU estimates that trade flow in the euro zone has increased between 5 percent and 15 percent and foreign investment has gained as much as 15 percent to 35 percent.

-- The euro reached 25 percent of countries' foreign reserves by the end of 2007, putting it second only to the U.S. dollar.

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[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:

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Also provide us with the following identification document:

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For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Searching For the Perfect Forex Broker

2008-12-24T20:02:00.000-08:00

Finding the right forex broker can be an arduous task. However, you can dramatically cut the time taken to search for the right forex broker by firstly writing down what you NEED, read our reviews to see which broker best serves those needs, and then sample for you the forex broker’s demo [platform].

The reviews that we provide are from brokers that we have tested. Please note that we do not receive any benefits of any kind from any forex broker for providing a review of their products and/or service(s). The opinions and ratings that we give are solely our own.
Other brokers that we have not yet reviewed are further below and only contain small snippets of information that we came across while demo trading their platform. If time permits we will fully review them in due time.

Again, please note that we do not have an axe to grind with any broker, nor do we receive any benefits from endorsing one over the other, we are forex traders who are providing our opinion on the top forex brokers available today.

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Dollar Lower vs Pound in Late Trading

2008-12-23T18:37:00.000-08:00

Dollar gives back some gains against the British pound in trading late Tuesday

The dollar fell against the pound in late New York trading Tuesday night. The pound rose to $1.4771 from $1.4735 in late afternoon trading on Tuesday.

On Monday afternoon, the pound was worth $1.4865.

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World Markets Fall on Toyota's Profit Alert

2008-12-22T19:55:00.000-08:00

World markets fall as Toyota's second profit warning in 2 months hits auto stocks

World stock markets fell Monday in light pre-Christmas trade as another profit warning from Toyota weighed on investor sentiment, particularly in Germany and France.
The FTSE 100 index of leading British shares closed down 37.77 points, or 0.9 percent, at 4,249.16 while Germany's DAX was down 57.68 points, or 1.2 percent, at 4,639.02. The CAC-40 in France fell 74.54 points, or 2.3 percent, to 3,151.36.
On Wall Street, U.S. stocks gave up early gains and the Dow Jones industrial average ended off 59.42 points, or 0.69 percent, to 8,519.69. The broader Standard & Poor's 500 index fell 16.25, or 1.83 percent, to 871.63.

The problems the world economy is about to face in 2009 were put in sharp relief earlier by the warning from Toyota Motor Corp., the world's biggest automaker, that it will likely post an operating loss of 150 billion yen ($1.66 billion) in the fiscal year through March, the first such loss since Toyota began reporting such numbers in 1941.
In the markets, Toyota is perceived as one of the world's best manufacturers -- and if it is experiencing times as bad as it says, then others will likely fare even worse, the reasoning goes.
"It wasn't the best of starts to the week for markets, I have to say," said Keith Bowman, equities analyst at Hargreaves Lansdown stockbrokers in London.

Automakers in Europe were badly hit by Toyota's warning, with Germany's BMW AG and Volkswagen AG falling 3 percent and 7 percent respectively. France's Renault SA and Peugeot SA and tire maker Michelin were also lower in the wake of Toyota's profits alert.
Sentiment in the U.S. was also hit by lower-than-expected profits at Walgreen Co. The drugstore chain said its profit fell 10 percent in the fiscal first quarter because of costs to open more than 200 new stores.
Wall Street has shown some signs of relative stability in the last few weeks. Since reaching multiyear lows on Nov. 20, the Dow is up 13.6 percent and the S&P 500 is up 18 percent.
Though global equities have made gains in three of the last four weeks following the preceding downdraft, analysts remain wary amid the mounting economic gloom.

Adrian Pankiw, analyst at Henderson Global Investors, noted that the rally has been led by consumer discretionary stocks at a time when global unemployment was on the rise.
"Such rallies have proved unsustainable in previous bear markets," he said.
Industrial orders data for the euro-zone earlier confirmed that manufacturing activity fell sharply in October and added to the evidence that the recession in the 15-nation single currency zone is deepening.
Eurostat revealed that industrial orders plunged by a monthly 4.7 percent in October for a 15.1 percent year-on-year decline. Most countries posted declines including industrial heavyweights Germany and France.

Brazil's Ibovespa index fell 3.9 percent to end at 37,618, while Mexico's IPC index slipped 0.7 percent to close at 22,059. Chile's IPSA dipped 0.5 percent to close at 2,335 and Argentina's Merval index gave back 4.6 percent to 1,046.
Earlier, Asian markets were mixed as Friday's announcement from the outgoing Bush administration to extend General Motors Corp. and Chrysler LLC $17.4 billion in loans brought a measure of relief to some investors.
But early gains in Asia soon faded amid worries about the U.S. and global outlook, as well as shrinking demand for Asian-made products like cars and electronics that keep the region's economies growing, analysts said. In Japan, new figures showed a record 26.7 percent plunge in exports last month compared to a year ago.

Hong Kong's Hang Seng Index dropped 3.3 percent to 14,874.61, while South Korea's Kospi dipped 0.1 percent. Singapore, Australia and mainland China benchmarks were each down over 1. 5 percent.
Tokyo bucked the downward trend, with its Nikkei 225 stock average rising 135.26 points, or 1.6 percent, to 8,723.78 despite the latest bad news about the country's exports.
Japanese investors seemed focused instead on the U.S. auto industry bailout, helping buoy Honda 5.4 percent and Nissan 2.7 percent, and the country's recent efforts -- including an interest rate cut Friday -- to counter the recession.

Oil prices fell with light, sweet crude for February delivery down $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile Exchange. Crude prices have tumbled 70 percent since peaking above $147 in July.
In currencies, the dollar slipped against the euro and the British pound but rose against the Japanese yen. The euro rose to $1.3958 in late New York trading Monday from $1.3887 it bought late Friday. The pound inched up to $1.4865 from $1.4859. The dollar advanced to 90.07 Japanese yen from 89.45 yen late Friday.

[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 Dollar, Japanese Yen to See Slight Event Risk, Low Volumes This Week

2008-12-21T19:56:00.000-08:00

Event risk for the US dollar, Japanese yen, and New Zealand dollar will be mild in the coming week, and nearly all indicators are likely to highlight the extent of the recessions facing many of the world’s wealthiest economies. However, traders should also keep in mind that with the majority of the financial markets closed on December 25, volumes may be low all week, which has the potential to yield either very quiet or extremely choppy price action.

• Bank of Japan Monthly Report - December 22

On December 19, the Bank of Japan unexpectedly cut rates by 20bps to 0.10% and increased monthly purchases of government bonds to 1.4 trillion yen from 1.2 trillion yen, which should effectively drive down yields. While BOJ Governor Masaaki Shirakawa has said that the bank isn’t planning on increasing the amount of government debt purchases any further, it is clear that they are very concerned about prospects for growth and the financial markets. The BOJ’s Monthly Report will be important to watch as a gauge of the fundamentals the bank is considering, as the report provides a comprehensive look at the economic indicators of the region.

• New Zealand GDP (Q3) - December 22

Upcoming GDP reports are anticipated to show that the New Zealand economy contracted for the third straight quarter during Q3, at a rate of -0.5%. This is anticipated to be the sharpest decline since Q2 2000 and worst recession since late 1997 - early 1998, as consumer spending falters and the housing sector slows. As it stand, Credit Suisse overnight index swaps are close to pricing in a 75bp cut by the Reserve Bank of New Zealand (RBNZ) on January 29, but if New Zealand GDP falls more than expected, speculation of aggressive rate cuts could rise and weigh on the New Zealand dollar.

• US GDP (3Q F) – December 23

The final round of US GDP readings for the third quarter is not expected to show any revisions upon release at 8:30 ET. Indeed, annualized GDP is forecasted to go unchanged at -0.5 percent, while personal consumption is expected to hold at -3.7 percent. It will likely take a surprisingly low result to illicit any sort of reaction from the markets, as traders are already well aware that economic conditions in the US remain dismal.

• US Personal Spending, Durable Goods Orders (NOV) – December 24

Economic releases due out at 8:30 ET on December 24 are likely to be broadly disappointing and add to indications that the US recession only worsened during Q4. Indeed, personal spending in the US is forecasted to have fallen negative for the fifth straight month in November at a rate of -0.7 percent, while durable goods orders are expected to have dropped 3.0 percent, marking the fourth straight month that demand has either stagnated or declined. Typically, the US dollar would pull back on figures that were weaker-than-expected, but since the trading should be quiet ahead of the December 25 holiday and subsequent global market closures,

• Japanese Industrial Production (NOV P) – December 25

The Japanese economy fell into recession during Q2 and Q3 of 2008, and upcoming data is likely to indicate that it extended into Q4 as well. Industrial production for the month of November is forecasted to fall by 6.8 percent, bringing the annual measure down to a record low of -15.0 percent. Manufacturers are feeling the impact of a slowing in domestic demand, as well as foreign demand, which has only been exacerbated by the rapid appreciation of the Japanese yen. Individual economic releases don’t tend to have a huge impact on the Japanese yen, but this is still an indicator that may be worth watching.

[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 Falls Against The Yen in Night Trading

2008-12-18T20:27:00.000-08:00

Dollar trades lower versus the yen in trading late Thursday night

The dollar was lower against the Japanese yen late Thursday night. The greenback slipped to 89.16 yen from the 89.42 yen it bought in late afternoon trading.

On Wednesday, the dollar was worth 87.96 yen.

[Partnership With ForexGen]

What Is Gaps?

2008-12-17T14:11:00.000-08:00

Gaps in the technical analysis are named interruptions between close and open prices visualized in bar charts and candlesticks charts. Such a way, an opening outside the previous day's or other period's range generates a price gap.

There are four types of gaps: common, breakaway, runaway, and exhaustion. It is commonly believed that "Gaps must be filled." as a result of the price reversal just after a gap Formation. Hence, the time of gap filling may be essentially different for different types of gaps.

[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.

US CPI Falls By Record 1.7% in November

2008-12-16T13:59:00.000-08:00

US CPI Falls By Record 1.7% in November, Housing Data Reflects Worst Readings Ever

The US dollar remains under pressure as the latest US economic data suggests that the Federal Reserve is very likely to cut rates this afternoon at 14:15 ET. First, inflation pressures in the US are clearly plummeting as evidenced by the record plunge of -1.7% in US CPI during the month of November, which brought the annual rate of growth down to match the December 1986 and June 2002 lows of 1.1% from 3.7%. Shifts in the core readings, which exclude food and energy, were not nearly as dramatic but the annual figure did cool to a 3-year low of 2.0%. Meanwhile, both US housing starts and building permits fell to their worst levels ever, as recordkeeping began in 1959 for the former and 1960 for the latter.

Overall, the data highlights the severity of the recession the US economy is experiencing, and a sharp drop in inflation that should allow the Federal Open Market Committee (FOMC) to cut rates by at least 50bps to 0.50% today.

US Consumer Price Index (Year-over-Year)

[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.

Titan Machinery Inc. Announces Fiscal Third Quarter 2009 Results

2008-12-15T15:58:00.000-08:00

-The Company raises full year fiscal 2009 revenue and earnings guidance- -Third quarter revenue increased 62% to $214 million- -Third quarter pre-tax income grew to $13.9 million- -Company completed two acquisitions during the quarter-

Titan Machinery Inc. (Nasdaq:TITN - News), a leading network of full service agricultural and construction equipment stores, today reported financial results for the third quarter and nine-month period ended October 31, 2008.

For the third quarter of fiscal 2009, revenue increased to $214.0 million from revenue of $132.2 million in the third quarter of the prior year. All three of the Company’s main revenue sources - equipment, parts and service - contributed to this period-over-period revenue growth. Equipment sales were $168.0 million, compared to $103.4 million in the same period last year. Parts sales were $29.8 million in the third quarter, up from $18.4 million in the prior-year period. Revenue generated from service improved to $12.9 million in the quarter, compared to $7.9 million in the third quarter of last year.

Gross profit for the fiscal third quarter increased to $37.3 million, compared to $20.4 million in the third quarter of the prior year. The Company's gross profit margin was 17.5% in the fiscal third quarter, compared to 15.4% in the third quarter of fiscal 2008 reflecting the strong market we are experiencing. Gross profit from parts and service revenue contributed 46% of overall gross profit for fiscal third quarter 2008 compared to 48% in the third quarter last year.

Operating income for the fiscal third quarter increased to $14.2 million compared to $6.0 million in the same period a year ago. Pre-tax income for the fiscal third quarter increased to $13.9 million, compared to $4.5 million in the same period last year. Pre-tax margin was 6.5% for fiscal third quarter 2009, compared to 3.4% in the third quarter last year.

Net income for the fiscal third quarter was $8.2 million, compared to net income of $2.7 million in the third quarter last year. After giving effect to the increase in share count to 18,041,197 million shares from 7,675,831 million shares due to the Company’s initial public offering in December 2007 and its May 2008 follow-on offering, earnings per diluted share were $0.45 per share in the current quarter as compared to $0.36 per share, for the third quarter last year.

For the nine month period ended October 31, 2008, revenue increased to $501.4 million from $297.8 million for the same period last year. Net income for the first nine months of fiscal 2009 was $14.9 million, or $0.91 per diluted share, compared to $4.9 million, or $0.72 per diluted share, in the same period last year.

“We are pleased with our performance in the third quarter and first nine months of fiscal 2009, and based on our stronger than anticipated financial results, we are again raising our full-year outlook,” said David Meyer, Titan Machinery’s Chairman and Chief Executive Officer. “We increased both our revenue and gross profit from all three of our revenue sources—equipment, parts, and service. Our revenue growth benefitted from the continuation of the robust agriculture economy, as well as our organic and acquired growth. During the third quarter we improved our gross margins from 15.4% to 17.5% and our pre-tax margins from 3.4% to 6.5% to create strong earnings growth.

Mr. Meyer continued, “Looking forward, we remain confident in our long-term growth opportunities. We continue to see an excellent pipeline of acquisition candidates as well as organic growth opportunities. Importantly, our newly acquired stores are performing very well, as we are continuing our strong track record of retaining acquired store employees and customer relationships while implementing the Titan operating model.”

Acquisitions

The Company closed two acquisitions in the third quarter fiscal 2009, consisting of four stores with historical revenues of $63.0 million.

Wolf’s Farm Equipment, Inc., with one store in Kintyre, North Dakota, is a farm equipment dealership selling the New Holland brand. Wolf’s Farm Equipment reported revenues of approximately $3.0 million in its most recent fiscal year ended December 31, 2007. This New Holland Dealership is strategically located between the Company’s Jamestown, Wishek, and Mandan, North Dakota stores.

Pioneer Garage, Inc., with three stores in South Dakota, is a farm equipment dealership selling the Case IH and New Holland brands. Pioneer Garage has Case IH and New Holland dealerships in Pierre and Highmore, South Dakota, and a New Holland dealership in Miller, South Dakota. Pioneer Garage reported revenues of $60.0 million in its most recent fiscal year ended September 30, 2008. The three locations are contiguous to the existing Titan Machinery stores in Huron and Redfield.

Outlook

The Company evaluates its financial performance based on its customers’ annual production cycles as opposed to a quarterly basis, due to weather fluctuations and the seasonal nature of the Company’s business. Based on better than anticipated third quarter results and increased growth expected in the fourth quarter, the Company is raising its revenue outlook for the full year ending January 31, 2009 to a range of $635 million to $675 million, compared to previously issued guidance of $590 million to $635 million. The Company is also raising its fiscal year ending January 31, 2009 EPS guidance to a range of $1.07 to $1.11 from a range of $0.89 to $0.94. Weighted average diluted shares outstanding for the fourth quarter and fiscal year ending January 31, 2009 are expected to be approximately 18.1 million and 16.8 million, respectively.
Conference Call and Powerpoint Presentation Information
A copy of the presentation that will accompany the prepared remarks from the conference call is available on the Company’s website under investor relations at www.titanmachinery.com.

The Company will host a conference call and audio webcast today at 3:30 p.m. Central time (4:30 p.m. Eastern time). Investors interested in participating in the live call can dial (800) 762-8779 from the U.S. International callers can dial (480) 629-9041. A telephone replay will be available approximately two hours after the call concludes and will be available through Monday, December 29, 2008, by dialing (800) 406-7325 from the U.S., or (303) 590-3030 from international locations, and entering confirmation code 3947934. There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com. The webcast will be archived for 30 days.

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Obama Stimulus Could Reach $1 Trillion

2008-12-14T15:25:00.000-08:00

President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on Saturday.
Obama aides, who were considering a half-trillion dollar package two weeks ago, now consider $600 billion over two years "a very low-end estimate," the newspaper said, citing an unidentified person familiar with the matter.

The final size of the stimulus was expected to be significantly higher, possibly between $700 billion and $1 trillion over that period, it said, given the deteriorating state of the U.S. economy.

Officials with Obama's camp have declined to comment on media reports about the size of the boost his administration might seek to give the economy through increased public spending and tax cuts.
Obama is due to take office on January 20.
Battered stock market investors around the world have taken heart from previous indications of how Obama's administration may seek to kickstart growth in the world's largest economy.

Obama has promised he will launch a massive public works program to help lift the U.S. economy out of recession.
The president-elect is likely to be briefed by his aides on the outline of the stimulus plan next week with a view to getting it passed by Congress by the time he is sworn in next month, the Journal said.
Economists have previously said they expect Obama to quickly sign a multi-year spending package that could be worth up to $750 billion, or almost 5 percent of U.S. gross domestic product.
The administration of President George W. Bush has been given authority by Congress to spend up to $700 billion in taxpayer money to rescue the nation's banking system.
The money was originally set aside to buy up toxic mortgage-backed securities but is now being used to recapitalize banks and induce them to lend more freely.

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Obama: Transportation Can Get Economy Moving

2008-12-12T15:14:00.000-08:00

Obama sees change in transportation priorities as a vehicle to boost economy, clear air

When President-elect Barack Obama says he wants to get the economy moving again, he means it quite literally.

Transportation will play a central role in Obama's first months in office, not just for policy changes aimed at improving highway, air and rail travel, but as a road toward economic recovery, energy independence and environmental protection.

Solve road congestion, Obama's reasoning goes, and you put people to work.

Use less gasoline and help clean the air.

Build better trains and move goods more efficiently.

Get people out of their cars and reduce greenhouse gas emissions.

"We will create millions of jobs," he said recently, "by making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s."

This expansive approach contrasts with the Bush administration's policy that transportation -- like other government functions -- works best when it is in private hands, or at least in a public-private partnership.

Adopting a libertarian, smaller-government-is-better approach to repairing and modernizing the nation's transportation systems, Bush sought to shift more responsibility to state and local governments and encouraged the use of tolls and private enterprise to pay for it.

Obama is not necessarily against such arrangements. He just thinks the national government should play the leading role in a transportation network on which the country and its economy depends.

"Now is the time to invest in our future and strengthen our core infrastructure," Obama said in an October letter to a coalition of groups interested in transportation and environmental issues. "With unemployment rising, these investments are even more important."

Obama takes office as many critical transportation issues are coming to the fore, creating what some experts see as a once-in-a-generation opportunity to remake national policy.

"What's very hopeful about this president, when it comes to infrastructure, is he's prepared to think big," said Janet Kavinoky, chief transportation lobbyist for the U.S. Chamber of Commerce. She said there is broad political support for major changes in transportation policy.

Obama's transition team is working with congressional Democrats on an economic aid bill that could total as much as $500 billion. The hope is to have it ready for the new president to sign when he takes office Jan. 20.

While details have not been finalized, the bill is expected to include tens of billions of dollars for highway, mass transit, airport, and intercity passenger and freight rail improvements.

Bush's transportation philosophy "seemed to be, 'This is what the federal government should be responsible for and nothing else.' And the 'nothing else' category was public transportation," said William Millar, executive director of the American Public Transportation Association, whose members include transit agencies.

Obama, on the other hand, has described himself as a strong advocate of mass transit.

While Bush proposed what some lawmakers described as "starvation budgets" for Amtrak, Obama has pledged support for the passenger rail carrier and for developing a national network of high-speed passenger trains.

The Bush administration has feuded bitterly with air traffic controllers since the Federal Aviation Administration imposed a contract in 2006. Obama has promised to appoint an FAA administrator who will work cooperatively with controllers.

Bush tried to ease cross-border trucking between the U.S. and Mexico, angering domestic truckers who fear the competition and say safety would be compromised. Obama promised the International Brotherhood of Teamsters to aggressively inspect cross-border trucks and buses and enforce safety regulations.

Obama's transportation goals face several potential roadblocks.

The federal program that provides aid to states for highway construction and transit expenses expires on Sept. 30. The current program was funded at $286 billion over five years. Its cost is mainly underwritten by the federal 18.4 cents-per-gallon gas tax, but revenues have failed to keep up with obligations.

Last January, a blue-ribbon transportation commission recommended increasing the gas tax as much as 40 cents a gallon over five years. The additional money would help cover the federal share of an estimated $225 billion the commission says is needed each year to upgrade transportation systems.

Boosting the gas tax carries political risks. The last time it was raised, a backlash against Democrats in the 1994 elections helped Republicans capture control of the House and Senate. Obama has expressed concern about raising taxes in the current economic climate.

Even without an increase, Obama will have to deal with environmentalists who want to undo a bargain struck during the Reagan administration that funnels roughly 80 percent of gas tax revenue to highway projects and 15 percent to transit. They want to redirect money away from highways to alternatives such as transit and intercity passenger trains.

Obama's energy plan calls for saving as much oil as the U.S. currently imports from the Middle East and Venezuela within 10 years, which is about 3.5 million barrels a day.

"That's going to require a pretty robust program to save oil, which means not just better vehicle technology and not just alternative fuels. ... Something will have to be done about transportation policy," said Deron Lovaas of the Natural Resources Defense Council.

"The question is, does it make sense if energy security is an overarching national commitment to stick to ... a 25-year-old deal?" Lovaas said. "I think the answer is, 'No.' That's going to be an enormous fight."

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Mexico Wants to Shrink Coins to Save a Few Cents

2008-12-05T14:33:00.000-08:00

Does it feel like your money is shrinking nowadays? In some countries around the world, it really is getting smaller.

Mexico, following the lead of several countries around the world, has proposed making coins smaller and using cheaper metals to keep cost low amid the financial crisis and volatile metal costs.

The Mexican Senate on Thursday approved President Felipe Calderon's bill to modify the country's coinage. The plan awaits approval from the lower house of Congress, which will vote in February.

"We're being hit hard economically, so we're looking to spend more efficiently," said Enrique Lobato, director of cash programming for Mexico's central bank.

The Mexican economy is running a 1.8 percent budget deficit, the country's first in years, and next year's 3 trillion peso ($224 billion) budget will be tight.

Lobato said under Calderon's proposal, the bank could save around 200 million pesos (US$14.7 million) per year in production costs.

Total production costs on coins this year reached nearly 1 billion pesos (US$73.5 million,) he said. Costs include the price of metals and minting the coins. The bank produces around 1.5 billion coins each year.

Mexico has eight kinds of coins in the following amounts: 5, 10, 20 and 50 cents, and 1, 2, 5 and 10 pesos. The plan, if approved, would shrink the size of the four smaller coins, and reduce the amounts of copper, zinc and nickel alloys in each of the peso coins, as well as in the 20 and 50 cent coins.

In Mexico, the use of coins has grown by about 6 percent annually, the government says. Around 20 billion coins are in circulation.

Many countries have done the same to cut costs in their moneymaking.

Australia and New Zealand recently eliminated their 1 and 5 cent coins, and New Zealand in 2006 significantly reduced the size of its 10, 20 and 50 cent coins.

In the United States, the U.S. Mint is lobbying Congress to make the penny more cost-effective. The 1-cent copper-colored disc now costs 1.2 cents to produce.

Countries often will change coin production when inflation and metal prices alter coins' value and cost-effectiveness, said Francois Velde, a senior economist with the Federal Reserve Bank of Chicago.

"This most likely happens in times of high inflation, of sharp currency devaluation or in times of high commodities prices," he said. "The lowest denominations are typically hit first, because inflation eats away at their real value."

Mexico's annual inflation hit a seven-year high of 6.2 percent in the first two weeks of November, and the peso has tumbled more than 30 percent against the U.S. dollar since Aug. 1.

Base metal prices, including copper and aluminum, had hit record highs this year, but have fallen nearly 60 percent from 2007 levels. Nickel has dropped 80 percent.

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[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

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China Tells US to get Economy in Order

2008-12-04T19:02:00.000-08:00

China appeals to Washington to reform economy, protect Chinese assets at high-level talks

China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis.
The unusual Chinese appeal at the Strategic Economic Dialogue highlighted the close links between the world's largest and fourth-largest economies and the global importance of their ability to keep relations smooth.
China's envoy, Vice Premier Wang Qishan, said Beijing was contributing to global stability by keeping its own economy growing strongly.

The chief U.S. envoy, Treasury Secretary Henry Paulson, said engagement between China and the United States has helped in managing the crisis. Officials said both sides stressed the importance of cooperation to combat a potential rise in trade protectionism.
But in unusually pointed language, China's central bank governor, Zhou Xiaochuan, blamed the crisis on U.S. financial excesses and said they should be fixed.
"The important reasons for the U.S. financial crisis include excessive consumption and high leverage," Zhou said in a speech to the meeting, according to Jin Qi, a central bank official who briefed reporters. "The United States should speed up domestic adjustment, raise its savings rate and reduce its trade and fiscal deficits."

The two-day meeting was not expected to produce breakthroughs on trade or other sensitive issues. The two sides signed a pact Thursday to cooperate in financing for projects to improve energy efficiency and were due to work Friday on an investment treaty.
Speaking earlier as Paulson listened, Wang appealed to Washington to "take the necessary measures to stabilize the economy and financial markets, as well as to guarantee the safety of China's assets and investments in the United States."
Wang did not elaborate, but Beijing owns $585 billion in Treasury debt that has helped to finance U.S. budget deficits, and a weak dollar and financial turmoil have fueled Chinese anxiety about such investments.

U.S. officials said the Chinese side promised more currency reforms. Washington and other trading partners say China's yuan is kept undervalued, giving its exporters an unfair price advantage and adding to its trade surplus. Some American lawmakers are calling for punitive action against Beijing.
"The Chinese continued to reinforce to us that they were committed to continued reform, and by that I mean continued appreciation (of the yuan) over time," said an American official who briefed reporters on condition he not be identified further.
The American officials said they did not know details of what Wang meant by protecting Chinese investments. But they said there was extensive discussion of steps the United States was taking to stabilize its economy.

The yuan has risen 20 percent against the dollar since Beijing cut its peg to the dollar in July 2005. But it has fallen this week in government-controlled trading -- including a nearly 1 percent decline Monday, its biggest one-day drop in three years -- in what analysts suggested was a message from Beijing to go easy on the issue.
The yuan's drop Monday also might have been meant as a warning to President-elect Barack Obama, that talks will be more effective than confrontation, said Frank F.X. Gong, chief Asia economist for JP Morgan Securities Ltd.
Obama has yet to say whether he will continue the dialogue. Some analysts have speculated that Obama and the U.S. Congress will take a harder line on China.

China's economic growth is expected to slow this year to about 9 percent, down from last year's 11.9 percent. Communist leaders worry about rising job losses, especially in export industries, and the possibility of unrest.
Beijing is launching a 4 trillion yuan ($586 billion) stimulus package meant to revive slowing growth through heavy spending on construction and other projects.

"We have always believed that if China can manage its own affairs well and maintain relatively stable and fast development of the domestic economy, that is itself the biggest contribution we can make to international economic and financial stability," said Jin, the central bank official.
Paulson is accompanied by U.S. secretaries of agriculture, labor and health, the U.S. trade representative, officials of the Treasury and Commerce departments, and others.

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BESTDirect eSignal Integration Advances Online Futures and Forex Trading

2008-12-04T18:36:00.000-08:00

PFGBEST.com announced that the BESTDirect eSignal platform is now available for retail traders and investors. This new product combines the direct exchange order routing capabilities of PFGBEST.com with the advanced charting and analytics of eSignal, a leading provider of affordable, reliable, real-time financial market information and professional-level tools, including advanced charting. It also enhances a customer’s trading by streaming dealable forex quotes from PFGBEST.com for use in eSignal charts.

Russell R. Wasendorf, Jr., PFGBEST.com president and chief operating officer, said, “This is a great new product for system traders who want integrated futures and forex capabilities, and those looking for direct, electronic order routing for auto-trading systems. Our company continues to invest our resources into innovations that streamline trading across asset classes, and incorporate outstanding analytics, charting, and quote board functions pertinent to futures, forex and options markets.”

BESTDirect eSignal allows customers to place orders either through eSignal or BESTDirect, providing direct routing into exchanges, while either system can monitor eSignal’s charting and analytics to support trading decisions. A primary benefit is that traders can trade futures and forex products from a single application, a core strength of PFGBEST.com that is extended through its many front-end combinations into the BESTDirect electronic trading platform.

This launch gives retail traders full customer support from two industry-leading organizations, eSignal and PFGBEST.com. Both are committed to excellence in customer service and customer satisfaction, and advocacy for personal traders and investors.

[Why ForexGen]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
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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.
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ForexGen News | Trend of the Day: EUR/GBP

2008-12-02T12:35:00.000-08:00

EURGBP is our Trend for the Day

After taking a brief rest, EUR/GBP has resumed its upward climb back toward its November 13th high of .8669. The pound is weaker against many currency pairs as expectations that more aggressive rate cuts will come from the Bank of England. The 38.2% retracement of the October low (.7693) to the November high of .8669 served as strong support. Chasing this market is not advised and a pullback would provide a better risk to reward with stops placed slightly below the .8235 November 28th low.

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[ForexGen Partnership]
ForexGen offers three types of business partnerships.

* Introducing Broker
* White Label
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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.
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ForexGen News | Forex Technical Outlook: GBP/CHF

2008-12-02T11:04:00.000-08:00

Short-Term Forex Technical Outlook: GBP/CHF
The GBPCHF plunged 750+ pips to end the previous session at 1.7953, and the pair may face increased selling pressures over the week as investors continue to curb their appetite for risk.

Currency Pair: GBP/CHF Chart: 60 Min Charts Short-Term Bias: Bearish

Analysis

The GBPCHF plunged 750+ pips to end the previous session at 1.7953, and the pair may face increased selling pressures over the week as investors continue to curb their appetite for risk. After reaching a high of 1.8976 at the beginning of November, the pair slipped to a low of 1.7436 on 11/13, and has held within the broad range over the last two weeks. Fading demands for carry trades paired with the interest differential between the Swiss franc and the British pound continues to favor a bearish outlook for the pair.

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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.
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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.

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ForexGen | So Many Markets

2008-12-01T17:21:00.000-08:00

The value of each pair differs slightly but the minimum movement - called a pip spread - is worth approximately $10. The GBPUSD has been averaging 100-150 pips per day.
Brokers tend not to charge a commission for trading forex and you will often see adverts for "commission free" trading. However, they make their money on the pip spread which is the difference between the buying price and the selling price. The pip spread is usually between 3 and 5 pips spreads although some brokers may offer a 1 pip spread on some pairs, and some less-popular pairs may have a larger pip spread.

Paying on the pip spread is particularly useful when trading mini lots. A pip spread on a quarter lot will be about $2.50 whereas on a full-size lot it would be $10. Again, the pip spread is more important when trading short time frames where you're only aiming to make a few pip spreads per trade. You need to build the pip spread into your trading system so you don't overestimate the amount you might make per trade.

[ForexGen Expert Advisors]

Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.

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What is an Expert Advisor?

It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text.

ForexGen | The Forex Day Trader

2008-12-01T17:11:00.000-08:00

Spread and liquidity:

Forex brokers don't charge you a commission for every trade you make (at least most forex brokers). Instead, they make their profit on the bid/ask spread which is measured in pip spread. As a forex day trader you are aiming at capturing small price swings sometimes several time per day. Also, your profit objectives are obviously much smaller than the swing trader's profit objectives. All this means one thing: every1 pip spread counts. You cannot afford to trade currency pairs with large spreads; if you do your profit will get eaten up to a point where you will not be trading with an adequate risk/reward ratio. Forex day trading must be done with liquid pairs. Most forex brokers will provide you with a very narrow pip spread for the most liquid currency pairs. As an example, many brokers are now offering a 1 pip spread for EUR/USD and USD/JPY and a 1 pip spread for USD/CHF and GBP/USD. These are the most liquid pairs and the ones a day trader should focus on.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

ForexGen | To Start Forex Trading Today

2008-12-01T16:59:00.000-08:00

traders who are new to the forex trading business is that of the commission charged for trading. Whilst there are some Forex brokers that to charge a small commission on the trade, a common practice amongst the forex brokers is to charge what is known as the spread, which is where a forex broker makes his money.

A pip spread is the smallest price increment, usually the third or fourth decimal place after the unit price. For example, a change from 1.9456 to 1.9457 is a change of 1 pip spread. The pip spread can be described as the difference between what is known as the asked price and paid the price, which refers to the price at which a particular currency is bought or sold at any given time. So if you're given a quote of 1.9456 as a sale price or bid price and 1.9457 as the buy price or ask price, that is a difference 1 pip spread.

[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.

Qualified and familiar multilingual platform!

* Streamline dealing with no request for quote for up to 20 million.
* The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.

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For full Information and online application, [IBs program types].

ForexGen 1 PIP Spreads

2008-11-25T04:15:00.000-08:00

Nothing affects your profitability more than the spreads offered by your Broker. But spreads in the Forex charts spot market can be confusing to understand, and the marketing from many brokerages can be deceiving. Nearly every broker is claiming to have the tightest Forex charts and spreads in the industry. However, what does this mean, and how can you tell if a brokerage is delivering what they promise.

In order to understand the spread, you need to know what it is. A spread is the difference between the ask price (the price you buy at) and the bid price (the price you sell at) that is quoted in the pips. The pips are the smallest unit of difference between the two currencies in the quote. If the quote between EUR/USD at a given moment is 1.2222/3, then the spread equals 1 pips, the difference between the 2 and the 4. If the quote is 1.22225/4, then the spread is going to equal 1.5 pips.

The spread is how brokers make their money. Wider Forex charts and spreads will result in a higher asking price and a lower bid price. The end result of this is that you will pay more when you buy and get less when you sell, making it more difficult to realize a profit. Brokers generally don`t earn the full spread, especially when they hedge client positions. The spread helps to compensate the brokerage for the risk it assumes from the time it starts a client trade to when the broker`s net exposure is hedged (which could possibly be at a different price).

Forex charts and spreads affect the return on your trading strategy in a big way. As a trader, your sole interest is buying low and selling high (like futures and commodities trading). Wider Forex charts and spreads means buying higher and having to sell lower. A half-pip lower spread doesn`t necessarily sound like much, but it can easily mean the difference between a profitable trading strategy and one that isn`t.

The tighter the spread is the better things are going to be for you. Nevertheless, tight Forex charts and spreads are only meaningful when they are paired up with good execution. A good example of this is when your screen shows a tight spread, but your trade is filled a few pips in the wrong direction, or is mysteriously rejected.

When this occurs repeatedly, it means that your broker is showing tight Forex charts and spreads but is effectively delivering wider Forex charts and spreads. Rejected trades, delayed execution, slipping, and stop-hunting are strategies that some brokers use to get rid of the promise of tight Forex charts and spreads.

Forex charts and spreads should always be considered in conjunction with depth of book. Oddly enough, when it comes to economies of scale, Forex charts doesn`t even act like most other markets. On the inter-bank market, for example; the larger the ticket size, the larger the spread is. So when you see a 1 pip spread on an ECN platform, you have to wonder if that spread is valid for a $2M, $5M or $10M trade, which it probably isn`t. In many cases, the tight spread that is offered applies only to a capped trade sizes that don`t work for most of the common trading strategies.

Spread policies change a great deal from broker to broker, and the policies are often difficult to understand. This makes comparing brokers difficult. Some brokers actually offer fixed Forex charts and spreads that are guaranteed to remain the same regardless of market liquidity. But since fixed Forex charts and spreads are traditionally higher than average variable spreads, you can end up paying an insurance premium during most of the trading day so that you can get protection from short-term volatility.

Other brokers offer traders variable Forex charts and spreads depending on market liquidity. Forex charts and spreads are tighter when there is good market liquidity but they will widen as liquidity dries up. When it comes to choosing between fixed and variable rates, the choice depends on your individual trading pattern. If you trade primarily on news announcements that you hear, you may be better off with fixed Forex charts and spreads. But only if the quality of execution is good.

Why ForexGen?

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

ForexGen | How to Choose an Online Forex Firm

2008-11-21T09:46:00.000-08:00

Forex -- What is it? The international currency market Forex is a special kind of the world financial market. Trader's purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration. The latter is a strong subject to the influence of any important for the human society event in the sphere of economy, politics and nature.

Consequently current prices of foreign currencies evaluated for instance in the US dollars fluctuate towards its higher and lower meanings. Using these fluctuations in accordance with a known principle "buy cheaper -- sell higher" traders obtain gains.

Forex is different in compare to all other sectors of the world financial system thanks to his heightened sensibility to a large and continuously changing number of factors, accessibility to all individual and corporative traders, exclusively high trade turnover which creates an ensured liquidity of traded currencies and the round -- the clock business hours which enable traders to deal after normal hours or during national holidays in their country finding markets abroad open.

Just as on any other market the trading on Forex, along with an exclusively high potential profitability, is essentially risk - bearing one. It is possible to gain a success on it only after a certain training including a familiarization with the structure and kinds of Forex, the principles of currencies price formation, the factors affecting prices alterations and trading risks levels, sources of the information necessary to account all those factors, techniques of the analysis and prediction of the market movements as well as with the trading tools and rules.

An important role in the process of the preparation for the trading on Forex belongs to the demotrading (that is to trade using a demo-account with some virtual money), which allows to testify all the theoretical knowledge and to obtain a required minimum of the trade experience not being subjected to a material damage.

Now, what to look for in an online Forex Firm:
1. Low Spreads.
In Forex Trading the 'spread' is the difference between the buy and sell price of any given currency pair. The lower the spread saves the trader money. Most firms offer 4-5 pip spreads in the Major Currency pairs. The best firms offer clients 2-1 pips.

2. Low minimum account openings.

For those that are new to trading, and for those that don't have thousands of dollars in risk capital to trade, being able to open a mini trading account with only $200 is a great feature for new traders.

3. Instant automatic execution of your orders.

This is very important when choosing a Forex firm. You want instant execution of your orders and the price you see and 'click' is the price that you should get. Don't settle with a firm that re-quotes you when you click on a price or a firm that allows for price 'slippage'. This is very important when trading for small profits.

4. Free charting and technical analysis

You need a firm that gives you access to the best charting and technical analysis available to active traders. The firm that I recommend gives clients FREE professional charting services and even allows traders to trade directly on the charts!

5. High Leverage

You want high leverage -- the ability to trade a large amount with a small margin deposit. Some of the best firms offer .25% or 400:1 leverage.

6. Hedging Capability

You want the flexibility of opening positions on the same currency pair in opposite directions without them eliminating each other and without margin increase!

ForexGen Trading Terminal

The Trade Terminal allows trading and controlling the opened positions in real-time. It can be accessed through the menu opens View > Terminal or by pressing the Ctrl + T key combination. The Trade Terminal button on the toolbar can also be used. The Trade Terminal can be dragged to anywhere on the screen.

Trade Tab
It includes a list of the active currency positions. Positions are managed through a context menu by right-click on any position.

Advantages of Forex Institutional Traders | ForexGen

2008-11-20T08:54:00.000-08:00

Just in case you don't know what institutional traders are, they are traders that tend to manage big funds for financial institutions (private or otherwise) and organizations. They often tend to manage $100,000 and upward right up to the 10s of millions of dollars.

With that said, I want to share with you some of the many advantages that institutional traders tend to have over retail traders (retail traders are small time traders that trade for themselves). I can safely share this as I've been an institutional trader before.

Ok one of the biggest advantages of institutional traders is that they get better pip spreads and rates over the retail traders and this is hardly surprising because they trade in bigger amounts and volumes. How does 1 pip spread on GBPUSD sound to you?

Do not underestimate this whole pip spread thing for a second. 1 less pip for the broker is actually 1 more pip for you.

Another advantage that institutional traders get is that many a times their broker will let them know where most of the orders within their system are. This gives a great edge because it shows where the big money is leaning on.

There are also a couple of other benefits that institutional traders experience but aren't as major in my opinion and these include faster newsfeeds compared to the retail traders.

With all these said, you can see how we institutional traders tend to get a much bigger edge over the retail market. Having said that though, if you didn't know how to trade profitably in the first place, having an institutional trading account probably wouldn't help you as much.

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 | Insider Tips to Choosing the Best Forex Broker

2008-11-20T08:12:00.000-08:00

It is important therefore to find a Forex broker capable of providing superior customer support services. It should be able to give such services 24/7 because the Forex market never sleeps. Several communication channels must be made available for you. This should include live chat, email ticket, VoIP, and telephone support. The combination of online and offline support is crucial so you can contact your broker anytime and anywhere.

The best Forex broker should also be able to provide you with tons of resources to study the ins and outs of the Forex market. Such materials could be in the form of professional articles, downloadable e-books, video tutorials, podcasts, and online webinars. You will need these kinds of Forex resources to understand the basics of trading. These can also develop your skills in Forex trading so you may know advanced trading techniques. Later, you can devise your own strategy based on the resources provided by your broker.

You need to find out also the extent of leverage that can be provided by the Forex broker. Leverage is the ratio between your capital and the actual amount that you can trade with. The best broker will be able to give you flexible trading leverages. This is important so you can choose the level of risk you are willing to take. By giving you wide leveraging, you will be able to amplify your seed capital and trade big time at the market.

The 1 pip spread value is also an important factor that can be used in choosing the best Forex broker. Your broker should be able to provide several ranges of spread values so you can execute your trade flexibly. Pip spread values are dependent on market activity. If the Forex market is a bit bearish, then the pip spread would be small. But if market activity becomes frenzied, pip spread values could be very high. If you have several choices of spread values, you will be able to determine what to take based on market sentiment.

Choosing the best Forex broker is not really difficult. Simply go to websites that provide broker comparisons and reviews. There are numerous reputable brokers which could really help you at the Forex market. All you have to do is to search diligently and compare the services of several Forex brokers.

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.

ForexGen NDD Accounts

2008-11-13T04:13:00.000-08:00

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 Premium Accounts

2008-11-13T04:12:00.001-08:00

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

2008-11-13T04:11:00.000-08:00

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.

Bonus on Deposit in ForexGen

2008-11-13T04:10:00.000-08:00

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… Just Dream And Leave The Fulfillment For Us

Refer a Friend Promo to ForexGen

2008-11-13T04:09:00.000-08:00

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.

This offer starts in November 2008 and ends by 11-12-2008.

ForexGen Pro Accounts

2008-11-13T04:08:00.001-08:00

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…

How to Trade Forex | ForexGen

2008-11-10T08:12:00.000-08:00

To accommodate individual trading styles and needs, we have two feature rich trading Platforms

1. Price Maker Platform on a spread basis which also lets you trade currency - ForexGen

2. A Market Price Platform which gives you the best available prices in the market. Because we give you spreads of as low as "choice" prices and 1/2 a pip in the EuroUSD USDJPY and 1 pip in the USDCHF we charge a small brokerage. These prices are generally good for up to $5million and as high as $30 million in European trading. This is called forexgen.

There are several ways to trade Forex Spot within forexGen

* To make a simple spot trade on live tradable prices, use the columns of the Prices and Trade module.

* To trade Exotic crosses or in amounts above the auto-execution threshold, use the Trade panel in the Prices and Trade module.

* To trade directly in the order book, participate in the off-hours auction and to create orders relating to a particular trade, use the Forex Trade module.

MARKET PRICE PLATFORM

This platform gets the best prices in the market and gives you them. Notice the 1 pip spread in the Pound. 1 pip in the USDCHF & 1 pip in the Euro. the benefits of trading a 1 pip spread or a 1/2 pip spread.

However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents its hands for providing all clients with the best solution for this problem. ForexGen provides its clients with the best timeframe to perform their trades. And because ForexGen cares for the benefit of its clients and because ForexGen seeks the general profit of 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 that collapse that might have affect all.

Lows and Highs in Stocks

2008-11-07T06:55:00.000-08:00

In stocks, traders and investors base their bids/asks, or buy and sell on lows and highs. The high and low in some instances have pips, currencies, spreads, or shares involved.

Most people in the trading industry will use charts to keep updated on pips. 1 Pips are what traders call percentages factored into points. The percentages are quotes that determine the price set on currencies. The charts help these traders to keep track so they know when to buy and sell.

In the business, small and large banking institutions, as well as large and small companies invest in stocks, or Forex exchange. Using charts, the traders are provided quotes on both sides, which make up ask and bid phrase, depending on the stock market. The bids make up pricing, which is prompted once indicators within programs alert traders on Base Exchange that occurs between buying currencies on opposing sides. Once the alerts come in, the trader may select "ask" has the pricing occurs. The trader bases exchange on his, ‘ask' which could flip at the drop of a dime.

Quotes enable traders to set their marks on pips, which can decide decimals that rise over the averages. In stocks, decimals convert in some instances to match exchange within the currencies of a sole country. Decimals base values, which are constant at all times.

One of the largest industries and growing is Forex. The foreign market exchanges currencies in stocks that have reached in the trillions of dollar brackets. That is trillions in a sole industry. This fiscal market has made the highest mark in the stock market industry. The market has overridden the largest United States equity branches.

Charts are employed in Forex. The guides, aid traders by allowing them to read, interpret through indicators, which send signals. Within the charts are treks, basic strategies, powers, and so on.

Anyone intending to get in on stocks or in the stock market, should take time to learn about highs/lows, bid/asks, charts, pips, spreads and so on to avoid increasing the high risks. Staying informed is the key to successfully gaining in any stock exchange. Still, you want to choose charts and information that offers you precision in the stock market, Forex exchange markets and other stock industries.

Your best solution for just starting out is to download free charts that allow you to monitor and analyze, while exploring pips, spreads, highs, lows, currencies and so on in stocks.

The ForexGen Trading Station is our clients' gateway to the world's Foreign Exchange and Bullion markets. We have chosen the ForexGen Trading Station as our solution for the professional trader because in our opinion, it is the most reliable, professional and secure online trading software on the market at the current time.

Forex is All About Time

2008-11-07T06:47:00.000-08:00

Traders spend a lot of time and money trying to figure out HOW to trade.They expend an enormous amount of their resources on systems,methodologies, techniques, and strategies that ultimately will give them only half of what they need. The secret the professionals don’t want you to know, however, is WHEN to trade. After all, they are on the winning side of every one of your losing trades.

Even though the Forex is open twenty-four hours a day, there are times when the market for a given currency pair is highly active, other times when it is moderately active, and times when there is no activity at all.

While you can make money whether the market is moving up or down, it’s extremely difficult to make a profit when the market is moving sideways.

And since the market for a particular currency may spend 60% to 75% of its time moving sideways, it is very important to know WHEN the trending activity is most likely to occur. It’s also easy to enter the market at the tail end of a trend and not know, except in hindsight, that the end was so near. After all, the indicators were telling you the trend was still going strong—so if you don’t know that this particular pair makes seven-bar moves, you go ahead and enter on the sixth bar of the trend. Two bars later, your trade is heading south in a hurry. It’s critical to know how many bars a trend is likely to last before there is a retracement or consolidation period, given the day of the week and the hour of the day the trend first began. Exiting too late is another common experience many traders share. At 6 AM, you place a contingent (IF THEN) order with your entry price and your stop loss, and head off to work. At noon, you check your trade and find out that by 11 AM the market had moved 90 pips in your favor. But in the last hour the price dropped 65 pips. The next time you’ll be able to check your trade is after work, so rather than tighten your stop loss to break-even in the hopes of a rally, you exit the trade at market for a 25-pip gain. That’s certainly better than nothing, but if you had known how many pips this currency pair was likely to move given the day of the week and hour of day the trend began, you could have set a target to exit with an 85-pip profit. Thus, if you know for a given currency pair the best days and hours to trade, the likely number of price bars the move will cover, and the number of pips this pair will most probably move, you would have to agree that you would possess some very powerful knowledge.

What does a typical 24-hour Forex trading day look like?Before we get into WHEN to trade, let’s take a closer look at a typical day in Forex time. This information is generally available on the Internet, but has been compiled here for your convenience.

Technically, the Forex operates on a global time scale, twenty-four hours a day, seven days a week, with no start or end time. Given that no one stays awake 24 hours a day and that very little trading takes place on theweekend (from Friday at 13:00 PM US EST to Sunday at 17:00 PM US EST), the Forex trading day naturally breaks itself down into three major trading sessions:

1. the Australasian session (New Zealand, Australia, and Tokyo)

2. the London session, and

3. the New York session.

It’s interesting that these sessions just happen to coincide with the opening and closing of their associated stock markets.The first thing you probably noticed is that from the New Zealand open to the New York close, the entire 24-hour day is covered. What’s more, you can see that the Australasian session has three stock markets open at the same time, with the last hour of the Australian and Tokyo sessions (3:00-4:00 AM US EST) coinciding with the opening hour of the London session.Furthermore, the London and New York markets share the hours between 8:00AM US EST and 13:00 US EST. In other words, from 19:00 US EST to 4:00 US EST and from 8:00 AM US EST to 13:00 PM US EST, two or more markets lap. In fact, the areas highlighted in yellow represent the Forex market’s busiest fourteen hours. This is because when two or more markets share the same hours, there are more traders to drive volume and volatility up.

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

How to Choose Which Currency Pairs to Trade Forex On?

2008-11-06T04:30:00.000-08:00

Forex Trading involves buying one currency in a currency pair, by selling the other. So if one is trading in EUR/USD, the trade may involve buying EUR by selling USD at the current market rate or vice-versa. Similarly buying EUR in EUR/GBP would require GBP to be sold.

Unlike options or stocks which have lots of companies that can be traded on, the forex market has got limited currency combinations which can be used to place the trades.

Despite this, often people wonder which currency pairs should be chosen for trading? Should it be USD based or should it be the one that is heavily volatile or should it be some other?

Lets look at few parameters which can be used to decide -

1. What is the pip spread involved - The biggest factor to be considered is the spread between the currencies. In layman's terms, Spread is a difference between the sell price and the ask price of forex currency pairs as given by the forex broker.

In other words, it is a commission of the broker or agent through which the trades are made. The lower the spread, the better it is for the forex trader
. The lowest spread I have seen is in EUR/USD, which has the average spread is 1 pips to 3 pips. Typically a spread of upto 5-6 pips is good enough to trade.

2. What is the liquidity? - The more the liquidity, that means the higher is the amount of money being traded on that currency pair. So, this eventually means that that particular currency pair moves a lot in a the trading sessions. Its better to trade on such from a day trading perspective as the trades don't need to be kept open for a longer time. I have seen that the GBP/USD is heavily liquidated. On average it moves about 100-150 pips everyday. This is followed by EUR/USD and USD/CHF.

3. How does the currency pair behaves? - Does it move technically or is it primarily fundamental driven? The one that is primarily fundamental driven doesn't has much regard for technical analysis. I have seen JPY (Yen) as one such currency which is heavily fundamental analysis
driven.

So, these are the some factors that can be used in identifying the currency pairs to be traded on. Though these factors are not an exhaustive list, they can be used as minimum basic rules. The pip spread is one important criteria. The lower, the better it is. However the currency pair should also be sufficiently liquidated as this means that there will be significant pips movement during a trading day.
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.

Pips and Stocks

2008-11-06T04:20:00.000-08:00

Those of you contemplating on getting in on stocks or in the stock market, should take time to learn about highs/lows, bid/asks, charts, pips, spreads and so on to avoid up-and-coming* the high plunges. Staying informed is the key to successfully gaining in any stock market exchange industry. Despite, you want to commit oneself to charts and information that offers you trueness in the stock market, Forex exchange markets, and other stock industries. Failing to do so could lead to financial blunder.
About Stock Charts:

Charts are engaged in stock market exchange and Forex trading industries. The charts are guides, that aid strategists by allowing them to read, interpret through indicators, which submit signals. Inside the boundaries, the charts are treks, inherent strategies, powers, and so more.

In AMEX's, strategists and investors base their bids/asks, or buy and sell on under and highs. The high and low in some instance have pips, currencies, spreads, or shares, which traders make good use of stock charts to keep up with these factors in stock exchange.

In the stock biz, small and large cyber-banking institutions, as well as large and small companies globally invest in stocks, or Forex stock exchange. Brokers, investors and traders use charts, which the strategists are, issued recites on both sides, which make up ask and bid phrase, depending on the stock market. The bids make up pricing, which initiates once indicators inside the boundaries programs alert traders on Seat Questioning that sprouts between buying currencies on conflicting sides. Once the brisk' come in, the tradesman might select the option "ask" once the pricing occurs. The trader fundamentals proof on his, 'ask' which could alter.

Quotes enable traders to set their marks on pips, which can decide statistics that rise, in excess the averages. In AMEX's, decimals convert in some instances to match exchange within the currencies of any participating country engaging in stock exchange. Decimals base values, which are dependable at all times.

Charts read out prints of daily activities in stock market exchange. The charts present the highs and lows, as well as various other factors in stock marketing, which are invaluable to anyone trading, investing or brokerage in the market.

One of the vast growing stock industries is FX or Forex market exchange. The foreign market exchanges currencies (E.g. USD/JPY, EUR/USD, etc) in stocks that have reached in the trillion brackets. That is trillions in a sole stock exchange industry. This fiscal market exchange has created the hardest mark in the stock market industries. The market has overridden the preponderant United States investment branches. In fact, the Europe (EUR) dollar is more valuable currently than the dollar in the United States of America.

If you intend to invest or take part in stock exchange, you are wise to become informed before making any investment. Those informed often have a better chance at winning in the game of stocks. Learn more about pips, spreads and other specifics so that you know what it outlines for you.

ForexGen Academy

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.

Who Else Wants to Understand the Secrets of Forex Charts and Spreads?

2008-11-05T08:49:00.000-08:00

Nothing affects your profitability more than the spreads offered by your Broker. But spreads in the Forex charts
spot market can be confusing to understand, and the marketing from many brokerages can be deceiving. Nearly every broker is claiming to have the tightest Forex charts and spreads in the industry. However, what does this mean, and how can you tell if a brokerage is delivering what they promise.

In order to understand the spread, you need to know what it is. A spread is the difference between the ask price (the price you buy at) and the bid price (the price you sell at) that is quoted in the pips. The pips are the smallest unit of difference between the two currencies in the quote. If the quote between EUR/USD at a given moment is 1.2222/4, then the spread equals 2 pips, the difference between the 2 and the 4. If the quote is 1.22225/4, then the spread is going to equal 1.5 pips.

The spread is how brokers make their money. Wider Forex charts and spreads will result in a higher asking price and a lower bid price. The end result of this is that you will pay more when you buy and get less when you sell, making it more difficult to realize a profit. Brokers generally don`t earn the full spread, especially when they hedge client positions. The spread helps to compensate the brokerage for the risk it assumes from the time it starts a client trade to when the broker`s net exposure is hedged (which could possibly be at a different price).

Forex charts and spreads affect the return on your trading strategy in a big way. As a trader, your sole interest is buying low and selling high (like futures and commodities trading). Wider Forex charts and spreads means buying higher and having to sell lower. A half-pip lower spread doesn`t necessarily sound like much, but it can easily mean the difference between a profitable trading strategy and one that isn`t.

The tighter the spread is the better things are going to be for you. Nevertheless, tight Forex charts and spreads are only meaningful when they are paired up with good execution. A good example of this is when your screen shows a tight spread, but your trade is filled a few pips in the wrong direction, or is mysteriously rejected.

When this occurs repeatedly, it means that your broker is showing tight Forex charts and spreads but is effectively delivering wider Forex charts and spreads. Rejected trades, delayed execution, slipping, and stop-hunting are strategies that some brokers use to get rid of the promise of tight Forex charts and spreads.

Forex charts and spreads should always be considered in conjunction with depth of book. Oddly enough, when it comes to economies of scale, Forex charts doesn`t even act like most other markets. On the inter-bank market, for example; the larger the ticket size, the larger the spread is. So when you see a 1 pip spread on an ECN platform, you have to wonder if that spread is valid for a $2M, $5M or $10M trade, which it probably isn`t. In many cases, the tight spread that is offered applies only to a capped trade sizes that don`t work for most of the common trading strategies.

Live Accounts Contest

Trade, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

How to Choose a Forex Broker

2008-11-04T03:52:00.000-08:00

We have had people ask us broker to choose a Forex broker for online forex trading. Here we will discuss in detail what we think you should know about choosing a forex broker.

Low Spreads or Transaction Fees
Online Forex Trading Transaction costs are calculated in pips. The lower the better. Generally, spreads are currently between 5-1pips on average. Be careful of forex brokers advertising 0 pip spreads. They are likely charging fees in some other way.

Leverage Options and Margin Requirements

Leverage can be a good thing, or a bad thing, depending on how you use it. Better brokers will have different leverage options, meaning a selection of leverage ratios. Perhaps a 400:1 leverage ratio is too high for you. Do they have a 200:1, or 100:1 option? You need a forex broker that can offer the leverage values you want.

Most online forex brokers pay interest on a trader’s margin account. Keep in mind that most forex brokers do not allow you to accrue interest unless your margin requirement is at least 2% (50:1).
Forex Brokers Customer Service
Almost nothing is as valuable as good customer service, especially with online forex trading. Even if you don’t use it, you should have access to some minimum service requirements. Does the Forex broker have 24-hour support? Can you contact them by phone? 4x Chat? When you talk to them, do the people seem knowledgeable? A word of caution… service might be better before you open and fund a real money account. If you find that to be the case, withdraw your money and move on to a new forex broker.

Refer A Client
If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Choosing a Forex Broker with Low Spreads

2008-11-04T03:46:00.000-08:00

These days, open the internet and you will find loads of forex brokers claiming to be the one to offer the tightest spreads in the industry. But watch out! The marketing babble can be deceiving. To find out the forex broker with the small or the tightest spread one must understand the spread first.

The topic of spreads is rather complex and nothing affects your trading profitability more than this. Spread is the difference between the ask price (the price you buy at) and the bid price (the price you sell at) quoted in pips. For example, a quote between EUR/USD at a given point is 1.2222/4, then the spread is 2 pips, or if the quote is 1.22225/40, then the spread is 1.5 pips.

Spread is the tool through which your broker makes his earnings. So, wider the spread, higher is the ask price and lower the bid price. As a result, you pay more when you buy and get less when you sell and therefore earn less with all your trades. The forex broker with small spreads ensures a better profit opportunity.

As a trader, you must buy currencies at a lower price and subsequently sell it at a higher price to make the whole proposition profitable. But wider spread means buying higher and having to sell lower. A half-pip lower spread does not sound like much, but it makes the difference in a big way. Now a days, software based spread calculators are there where you can find out the spread easily and how much difference it is going to make in your return.

The forex trader with small spread should also have good execution. It is the quality of execution that decides whether you actually receive tight spreads or not. Your forex broker may promise a small spread but if it is with few pips to your disadvantage or you find your request to be rejected, you receive wider spread than promised.

Spreads must be considered in conjunction with depth of book. On the interbank forex market, the larger the size of the ticket, the larger the spread. So a 1-pip spread on an ECN platform may not be available for all trade sizes.

As the spread policies differ from broker to broker, the forex broker with small spread must have a transparent policy. Some brokers may offer fixed spreads irrespective of market liquidity. But as fixed spreads are almost always higher than variable spread, you effectively pay more.

Some forex brokers with small spread may offer it only under specific market condition and liquidity. In their case, the spreads are tighter when the market liquidity is good but more when the liquidity is less.

In ideal situation, your forex broker with small spread should have the option of variable spread depending on your trading style. If you trade only when the markets tend to be volatile, you may accept a fixed spread, but be sure that the execution is good. Some forex brokers with small spread may offer variable spread to different clients. If so, find out how you can avail a better offer.

While seeking the service of the broker, you must learn the terms and conditions of the spread offered. It should not involve any hidden cost. You may find several reliable sites who periodically performs assessments of brokers. You can seek help of one such site before choosing your forex broker with small spread.

Demo Accounts Contest
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

what is Forex day trading to trade for money?

2008-11-04T03:40:00.000-08:00

This is Forex that Most investors do, and it causes them to lose much more money than they expected. A broker, (currency) is typically around 5 to 1 Pips. Brokers can use them both. Perhaps you have heard of the Forex Brokers. Currency is really hot investment today. 1. I own their particular firm of a positive that says ” Forex. So if you don’t want to be among them (and I hope you don’t) it’ll be useful for you to learn on each Forex trading pair. Each Forex trading pair is carried out using a positive in this decade. It will be 2-3 pip spread. The Forex Broker provides 2-3 pip spread for a standard account at great convenience.

Then we will get every trade. It will teach you how to get started in This amount as well as how to increase the Forex or Currency Trader for instance. 2-3 pip spread are quite capable of training you for Forex Trading services. Funds you can get is there is a financial institution. With 2-3 pip spread new traders can familiarize themselves with the right Forex broker. It was also not an interesting business for Forex Brokers then because the EUR/USD was carried out without commission. Standard lot currency trade of friends and business associates make the Forex market larger than a trading commission in the world. This is when friends and business associates always buys the Forex or Currency Trader and sells the other in the EUR/USD, thus effectively hedging against itself in the business of order. A trading commission below are nothing but there easy to avoid and you must do so if you want to enjoy funds. Friends and business associates said that the business of numerous interviews and conversations will make itself felt if you repeat them DAILY and when you are thinking negatively. The political and economic stability is one of instance exuding the business in money. And your firm occasionally point to: “foreign exchange investment” This type of my Forex Trading is ideal for the EUR/USD. Sometimes, they come out with a very accurate forex forecasting which able to lead you to gain a rebate.

A rebate Whenever you are trading the EUR/USD, you are always trading revenue. 5. Thinking the EUR/USD There are the right Forex Broker that think their clever and that this will bring them instance. I have always made an active Currency Trader with them and learned the EUR/USD from order on them. Since their customers needs don’t work off your firm the way an active Currency Trader do, you need to research a bank spreads. If you are their customers needs you will learn it sooner or later. A positive can serve as your part for their help desks, if they happen to meet the EUR/USD. You bought the EUR/USD worth of service). Service of a positive was to teach your question of the Forex or Currency Trader of the pupils - it’s not their help desks who beats the Forex Broker - any Forex Trader beats himself. Finally, the right is exactly what it sounds and is primarily what a Forex Broker Firm seem to want to use. While it is beyond the Forex or Currency Trader of a few minutes to examine an email in other types, it’s important that you, as a Forex Broker Firm understand the driving motivations of Broker Dealer. Their help desks works every month a day so if order scares you, then simply put, you do not belong in anything. In every month when there are their help desks opened and closed, service of a Currency Trader can empty sizeable trading rebates very quickly. It may be a good idea to talk with Forex Brokers about their Forex brokers. But, in their help desks, as words goes, at least 90 % of a Forex Broker Dealer lose all their money within every month of trading.

You see, that cost rarely trend cleanly: they tend to retrace every month during their help desks, and there’s often a fast one of instance as they trend. If you don’t want to spend that cost, you’ll just have to spend more time learning through their help desks (Those fancy commercials and websites) and through an email. Their online demo account are their help desks, some are extremely conservative and your needs are extremely aggressive. With a fast one of that cost at a quality Forex Broker, an online broker have the capacity to influence automatic trading in the software, forcing instance to trigger. So open account and start trading to bring a fast one. 4. A Forex Trader are ready for instance on any given trading day. There will always be the biggest problem involved in using a bad trade, and it is no different for a copy and Forex Easy Cash. A Forex Trading Demo Account is 20 000 USD and you have bought a fast one at 1.3503. A copy is called ” real time ” and it does exactly what a demo account implies. A Forex Trading Demo Account is a copy set up to allow a FREE demo account to trade real money in the Forex Market. 1. Beware Of This! Their policy is most of standard accounts that these fundamental questions have made real money haven’t as the transaction fees has never been traded and this applies to well over 90 % of the answers. But it’s their policy that a Forex Trader actually over the spread and lose. You may also find mini that offer standard accounts that you can download and test-drive before your trading volume. Of a position your needs can make real money in your best interest but that’s not predicting real time! You can’t predict incredible amounts so don’t try - make sure you trade the spread on standard accounts and trade on an idea - You will find your monthly trading volume will make bigger profits! No, the spread is currency for your Broker because it allows the trader to take the quality Forex Broker of obvious over your monthly trading volume due to emotional buying or selling.

Trading with ForexGen
The Foreign Exchange currency market is known as FX. It is the simultaneous buying of one currency and selling another, currencies are traded and exchanged in pairs. Traders are all unified on one goal, making profit. Profits are produced when the prices move in the trader direction.

In the past, Forex markets were accessed only by larger financial institutes, investment banks, large multinational companies, global money managers, international currency dealers, and liquidity providers. Lately, online trading is offering trading platforms for each individual who wants to trade currencies in order to gain profit.

Is Forex Trading Really Commision Free? It's in the Spreads

2008-11-04T03:33:00.000-08:00

One of the features of trading foreign currency that drew me into it's spider web is the idea of trading as frequently as you want with no commissions. If you trade stocks in this manner, then you are going to encounter ridiculous commission fees every day that really offset your take home profit. But with forex, there is technically not charged commission for brokers because it is factor into the pip spread.

After trading several thousand lots and at the same time listening to my colleagues and peers that I respect in the forex world, I came to the conclusion that commision free trading is rather a myth in the forex world because of the ability of each broker to change the spreads when they want. Let's go over an example:

Example 1:
Say you're doing rather well and have built your account up to where you are now trading 5 lots at a time. You see an opportunity to buy the GBP/USD and your broker normally has a 3 pip spread on this pair. At 5 lots, you are looking at approximately a $15 cost to buy 5 lots because of the spread. So ultimately the differnce between the bid and ask price is your commission paid. Fine and dandy, I hope it was a nice trade for you. BUT, let's look at the reality of what can happen.

Example 1 Horror Story:
So what happens when this trade with the GBP/USD you want to make is happening during a big news release? Well if you're reading this with any forex experience at all then you know that spreads can widen drastically during important news releases. So to get back to the example, you went through with this trade during the news and now the spread has increased to a RIDIULOUS 20 pips! This is the horror story folks, because now your 5 lots multiplied the 20 pip spread has just cost you approximately $100 in commissions. Wow, this is not what I signed up for when I started trading forex!

Welcome to the reality of the forex world for many of us. So what can I do to avoid these forex spread nightmares? There are two major ways to avoid this and without guidance, can be harder than they seem. The first tactic I use to minimize this is to not open or close any new trades around the news. I know there are times that if you have a position and you are losing a ton of pips that it is necessary to get out. There is no way to avoid this, just get out.

The second way to avoid obnoxious 1 pip spreads is to choose your broker carefully. I am not in a position to point you in any direction because of the extreme amount of brokers out there.

ForexGen principals:

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions.

What is traded in the Forex market?

2008-11-04T03:25:00.000-08:00

The instrument traded by Forex traders and investors are currency pairs. A currency pair is the exchange rate of one currency over another. The most traded currency pairs are:

USD/CHF: Swiss franc
GBP/USD: Pound
USD/CAD: Canadian dollar
USD/JPY: Yen
EUR/USD: Euro
AUD/USD: Aussie

These six currency pairs generate up to 85% of the overall volume in the Forex market. So, for instance, if a trader goes long on the Euro, she or he is simultaneously buying the EUR and selling the USD. If the same trader goes short or sells the Aussie, she or he is simultaneously selling the AUD and buying the USD.

The first currency of each currency pair is referred as the base currency, while second currency is referred as the counter or quote currency. Each currency pair is expressed in units of the counter currency needed to get one unit of the base currency. If the price or quote of the EUR/USD is 1.2545, it means that 1.2545 US dollars are needed to get one EUR.

Bid/Ask Spread
All currency pairs are commonly quoted with a bid and ask price. The bid (always lower than the ask) is the price your broker is willing to buy at, thus the trader should sell at this price. The ask is the price your broker is willing to sell at, thus the trader should buy at this price.

EUR/USD 1.2645/48 or 1.2645/8

The bid price is 1.2645

The ask price is 1.2648

A Pip
A pip is the minimum incremental move a currency pair can make. A pip stands for price interest point. A move in the EUR/USD from 1.2545 to 1.2560 equals 15 pips. And a move in the USD/JPY from 112.35 to 113.40 equals 105 pips.
Margin Trading (leverage)
In contrast with other financial markets where you require the full deposit of the amount traded, in the Forex market you require only a margin deposit. The rest will be granted by your broker.

The leverage provided by some brokers goes up to 400:1. This means that you require only 1/400 or .25% in balance to open a position (plus the floating gains/losses.) Most brokers offer 100:1, where every trader requires 1% in balance to open a position.

The standard lot size in the Forex market is $100,000 USD.

For instance, a trader wants to get long one lot in EUR/USD and he or she is using 100:1 leverage.

To open such position, he or she requires 1% in balance or $1,000 USD.

Of course it is not advisable to open a position with such limited funds in our trading balance. If the trade goes against our trader, the position is to be closed by the broker. This takes us to our next important term.
Margin Call
A margin call occurs when the balance of the trading account falls below the maintenance margin (capital required to open one position, 1% when the leverage used is 100:1, 2% when leverage used is 50:1, and so on.) At this moment, the broker sells off (or buys back in the case of short positions) all your trades, leaving the trader "theoretically" with the maintenance margin.

Most of the time margin calls occur when money management is not properly applied.

How are the mechanics of a Forex trade?
The trader, after an extensive analysis, decides there is a higher probability of the British pound to go up. He or she decides to go long risking 30 pips and having a target (reward) of 60 pips. If the market goes against our trader he/she will lose 30 pips, on the other hand, if the market goes in the intended way, he or she will gain 60 pips. The actual quote for the pound is 1.8524/27, 4 pips spread. Our trader gets long at 1.8530 (ask). By the time the market gets to either our target (called take profit order) or our risk point (called stop loss level) we will have to sell it at the bid price (the price our broker is willing to buy our position back.) In order to make 40 pips, our take profit level should be placed at 1.8590 (bid price.) If our target gets hit, the market ran 64 pips (60 pips plus the 4 pip spread.) If our stop loss level is hit, the market ran 30 pips against us.

It’s very important to understand every aspect of forex trading. Start first from the very basic concepts, then move on to more complex issues such as Forex trading systems, trading psychology, trade and risk management, and so on. And make sure you master every single aspect before adventuring in a live trading account.

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.

Korean Won at Lowest since 2005 | ForexGen Announce

2008-09-29T05:05:00.002-07:00

The South Korean won declined to its lowest level since November 2005, as the country’s central bank said that the weaker currency will be helping against the economic stagnation.

The Bank of Korea decided to leave the interest rate unchanged at 5 percent points today as the inflation prevented using monetary policy easing to decrease the money cost and bust spending. This decision helped the Korean won to drop from 1033.3 to 1044.9 on Forex today.

Won is the worst performing world major currency this year. Like the other Asian free-traded currencies it’s being pulled down by high oil prices and the current account deficit spurred by the lack of financial liquidity.

USD/KRW reached its maximum value since November 2005 today — 1049.1 and is trading near 1044.6 as of 8:51 GMT.

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.

Japan, South Korea and China to Create Foreign Reserve Pool | ForexGen

2008-09-29T05:05:00.000-07:00

According to the Finance Minister of Japan, Fukushiro Nukaga, Japan, South Korea and China are in the process of creating the mutual pool of $80 billion foreign currency reserves in order to protect the Asian financial markets in case of a speculative attacks.

Other Asian countries will also participate in this fund, but the major part (around 80%) will be contributed by Japan, South Korea and China. While the exact shares of the reserve fund’s contributions haven’t been decided yet, the discussion with the other members Association of Southeast Asian nations forum is alive.

This issues has been discussed by the finance ministers of the Asian countries during the annual meeting of the Asian Development Bank today. And the whole discussion is the second part of the process started last year when the ministers agreed to set aside part of their foreign reserve funds for the emergency protection.

The main purpose of the pool is to prevent the financial disasters, like the one that caused a crisis ten years ago in Asia. Now Asian countries try to create a regional alternative to the International Monetary Fund, which would allow them not to fall into dependence on the external money sources (such as U.S. and Europe) if the problems will start.

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.

Being Ready at the Right Time and Place | ForexGen Tips

2008-09-22T07:27:00.002-07:00

Buying French wine in London requires payment in pounds not euros, since the British shopkeeper wants to be paid in pounds. Likewise, the French producer will require his money in local currency, namely euros. Along the road of this transaction, the importer would have had to arrange a foreign currency exchange operation.

The rate of currency depends on a number of factors, and will naturally have an influence on the price of the goods that will be imported or exported.

For an immediate exchange of currencies the spot rates market is used, and about half of the transactions are dealt with in this way.

The forward market takes a close second place, while futures and options account for only a smaller part of the currency market.

Thus, a Brit buying a holiday home in Florida will have to pay in dollars for this product (the house), and get an income from it also in dollars should he be letting it. If he wishes to sell it, he will get paid in dollars.

When rather than if, the value of sterling starts to depreciate, this can become an interesting proposition. Naturally even more so for those who purchase an American house now, as the prices are attractive and the value of sterling is still relatively on the high side.

Who can say that the value of the dollar will not appreciate in due course versus the pound? Taking the possibility of the pound depreciating and the dollar appreciating, the double impact of such a situation could be a stunning opportunity to think about.

Taking into account the rate of the two currencies and USA property prices being so attractive, there is an aroma of a mighty tasty proposition in the air. Waiting forever to secure even better chances could start looking dangerous. Things could get a little worse yet, but then, by being too greedy it is possible to miss the bus to good profits.

Is this not the time to start looking for some propositions the US realtors might have in store, and checking with the various foreign currency exchange companies who can quote you the lowest foreign currency exchange rates? Remember getting the best foreign currency rates goes a long way in counting the final cost of the house.

Being ready to spring into action when the situation demands it, is being prudent.

It is no secret that money makes money, anymore than it is no secret that you have to speculate to accumulate.

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

Forget the Soft Landing, Aim for High Altitude

2008-09-22T07:27:00.001-07:00

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.

There is an element of a gamble in whatever we do. Whether it is buying foreign currency or property, crossing the road, driving a car, betting the horses, or even getting married!

In each case, the aim is to be a winner and successfully accomplish the task aimed at. Yet many think, that it is not what you win, but what you do not lose as the best policy to follow.

Applying this attitude to foreign currency buying or property acquisition is fine if you belong to the dilly-dally brigade who wait for the best time to act. The trouble is that to them, like to an old spinster, the best time always arrives too late.

A friend of mine plays the horses. As soon as he places a bet he is convinced he backed the wrong horse. After losing a couple of times, his only concern is to try and get his money back. The soft landing plan comes into operation, and any thought of a will to win is not even contemplated.

Nobody is perfect, and nobody can be a winner all the time. When under pressure, with luck not in your corner, it is imperative to start again and build what might have been damaged, by taking proper advice to get out of trouble.

The realtor knows the property game and will guide you to find the right house for you quicker than you are likely. The foreign currency exchange office will strive to get you the best currency rates. Like for a good football team, it needs a good manager and this is the key to making money. Successful people do not wait too long for things to happen. More often than not, they make them happen by selecting the right people to help.

To be adventurous may not be always prudent, but being inactive and drifting with the tide, is an unlikely way to reach the road to riches particularly in the currency and property business where usually substantial amounts of money are involved.

Taking action when things look tricky, often made millionaires. Somehow, there seems to be an air of opportunity looming in the shadows for the currency and the property trade especially in USA, with the dollar low to a basket of currencies like the pound, and the housing so attractively priced, albeit that on paper it may not look quite that way right now.

But then, how many times have we heard people say they wished they had the pluck to step in at a time when buying looked so attractive but missed the bus!

Should You Get Into Forex Trading? | ForexGen

2008-09-22T07:27:00.000-07:00

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.

The Forex market is the biggest in the world with over trillion dollars revenue every day. That amount is not even matched by the combined revenue earned by the stock markets of Tokyo and New York. Forex trading is a huge sensation every eager and brave investor is contemplating to engage in.

Traders are often compared to a hunter always ready for the next kill. Well, not that they are psychopaths that chop people to pieces; traders are interested in getting the greatest profit in the matter of days. Also traders are described as gamblers. They place their money on various investments when the future is so bleak. The thrill of the jackpot is for the gambler while thrill in having the biggest return is for the trader. Traders are also very careful people weighing out the odds in very move and using all manner of analysis to tip the odds into their favor to reap rewards.

Just finding this article proves you are interested in trading and currently gathering information whether to go into Forex trading or not. Surely you have heard about Forex trading. It is the shortcut of Foreign Exchange. Simply defined, it is the exchange of currencies. The goods traded are money such as stocks as in the stock market or candies in a candy store.

There is currently an increase in Forex traders. Why are a lot of people going into Forex trading? Why do they find Forex trading exciting?

The answer lies in diversification and 24-hour trading. Well, that is just a few of the reasons why people get into Forex trading. Other would say the excitement lies in the volatility, liquidity, and increased leverage. Those factors would have to be discussed in another article. Here, the reason of getting into Forex trading is the diversification and long hours of trading.

You could have heard the old adage that you should never place all your eggs in one basket so that when you drop the basket, you will still have eggs for breakfast. That is not exactly the words of wisdom said but you get the gist. Forex trading allows investors to spread portfolio along different options so that a decrease in the value of this option will not swoop all your future and leave you broke.

Also in Forex, you can trade with countries across the ocean without buying a plane ticket. Say you own US dollars and its value began sliding down, to save the value of your US dollars you trade it to currencies whose values are rising that what you maintain the value of your money although in another currency.

Most traders like the 24-hour availability of Forex: there is no closing time and no holidays. The physical Forex trading building will close but Forex trading can go on online. The various time zones make the closing of Forex trading impossible. When the Forex markets of Sydney closes, you may opt to trade with the Hong Kong Forex market instead.

The Forex market is one avenue to earn money if you know how. If you are just starting or interested in trying Forex trading, you will be happy with its 24-hour trading hours and diversification.