Low Spread Forex Trading Platforms

Tuesday, January 13, 2009

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.

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Technical Outlook for the AUD/USD

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.

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Dramatic Rate Cuts to Come to an End

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.

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ForexGen offers three types of business partnerships.

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

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

Australian Dollar Forecast

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.

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How Did the Australian Dollar Trade in 2008?

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

Thursday, January 1, 2009

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]

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.

Stronger Mortgage Data Props up Pound vs Dollar

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.

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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.
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US Dollar - Dropping to New Lows?

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?

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.

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Lloyds accesses European Central Bank Funding

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]


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.