The purpose of these articles is to introduce the forex market
to you.
As with many markets there are many derivative of the central market such as futures, options and forwards.
The word FOREX is derived from the words Foreign Exchange and is the largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of the main worlds' stock markets on any given day. This tends to lead to a very liquid market and thus a desirable market to trade.
The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover 30 times larger than the combined volume of all U.S. equity markets.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Unlike many other securities (any financial instrument that can be traded) the FX market does not have a fixed exchange. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals.
Trades are executed through phone and increasingly through the Internet. It is only in the last few years that the smaller investor has been able to gain access to this market.
Previously the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily within the reach of most investors.
[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.
A Little History of the Forex Market
Forex Market
Forex market is bigger than stock market
on the basis of the daily turnover. The news itself is enough to surprise many of us. It has more turnover than the combined figures of some stock markets. Where is forex market situated or does it have a head quarters and timings? No, it does not have a head quarters. It is open 24 hours a day allowing you to have full control over your investments 24 hours a day.
Foreign exchange value fluctuates due to various reasons. For example a strong political base would give a steady and every increasing currency while a volatile political set up would have a currency fluctuating badly. A strong economy would have a strong currency and a bad economy would have a weak currency. A stable society and healthy social happenings strengthens the currency and vice versa. Now we know the factors contribute to the fluctuations in the currency. In forex trade we are in a better position to take corrective action and improve the effectiveness of our investment because, here the market is open 24 hours a day.
Forex brokers trade on foreign exchanges. They are mainly banks and financial institutions. They buy and sell currencies and make money. If you want to start a career on forex market you must join under them.
What is online forex trading? What happens in the forex market? As the name suggests it means the trading foreign currencies online. It is the favorite way of making money for millions. Here the trading happens between pairs of currencies. You sell a currency to buy another. The difference in the value when you buy and sell is equal to your profit or loss here.
Even though trading is open to every currency, majority of the transaction are held between the important currencies like US Dollar, Canadian Dollar, Australian Dollar, GBP, EURO, JPY and Swiss Franc. For most of the trading US Dollar acts as the base currency. US Dollar is the most sought after currency in the world. Between US dollar, EURO and GBP, EURO and GBP acts as the base currency.
The margin of profit on Forex is very low often less than 1 percent of the value. But the unique leverage margin on this trade allows you to trade 100 times or at times 200 times the value of your investment. For example some forex brokers allow you to trade 200000 USD for an investment of only 1000 USD. This improves the profit making and this is the sole reason more and more people start forex as an alternative.
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.
Metatrader Expert Advisors
Smart investors have developed their own investing strategies according to market conditions,
in other words when a certain currency gains value and the other looses part of it they execute the best strategy which will let them acquire some revenues based on the fluctuation. Those who realize that monitoring trades in many currencies 24 hours a day is almost impossible have decided to take advantage of complete automation through trading platforms such as Metatrader and its useful add-on Metatrader expert advisor, the way these platforms work is through the creation of custom indicators specified by the trader which will let the software application execute trades which meet the conditions specified by the investor.
Since everyone has a different trading strategy the trading platform Metatrader allows investors to use the Metatrader expert advisor to execute strategies just like you would, this platform can be extended through the use of MT4 digital filters, MT4 indicators and customized libraries and scripts which can boost revenues all in autopilot.
As we stated previously the main economic factors which affect this gigantic market are the inflation levels, the economic growth and health, deficits or surpluses within a major government, trends and balance of trade levels. All of these factors create what are called economic indicators which are studied at a macro-economy level, in order words these indicators are based on causality. If a certain condition is met within the market it is often the product of social or a mixture of factors among countries. While the definitions may be easy to understand at this level, seasoned investors know that there are more than a couple of factors which influence the global economy thus fluctuating the value of money, that is why savvy investors have developed several sets of indicators and systems which rely on candle-stick statistics and complex algorithmic analysis to predict currency fluctuations which will increase their chances to earn revenues when trading on a percentage point basis (PIP).
For most investors these state-of-the-art indicators are like expert advisors which let them know good entry points as well as buy and sell positions. Some of these indicators can be found and added to trading platforms such as Metatrader, examples are: The Stochastic indicator (shows fractal divergence), RSI, PowerRVI-Div, the STLM-Div which shows fractal divergence by STLM low frequency digital filter among many others.
Recently a flexible, fully customizable and smart platform has been created for Forex investors who want to develop their own custom MT4 indicators using tailored MT4 scripts and libraries, Metatrader is a powerful trading platform which can be extended through the use of MQL4 and the Metatrader expert advisor. According to fluctuating conditions and your own settings the application can execute opening and closing of trades automatically, this is especially useful for investors who can't spend all of their time in front of their computers trying to monitor their trades. As we all know this is the technology era if we do not change the way we do business by taking advantage of artificial intelligence and automatic systems we are surely wasting our time and loosing a great business opportunity.
[ForexGen White Labels] .jpg)
[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.
Aspects of Technical Analysis in the Forex Market
When you discuss technical analysis, especially where its applications in the Forex market are concerned,
it's important to understand its basic underlying principle. Simply stated, past price fluctuations (historical) will influence and help to predict future price activity. Additionally, it is important to realize that no matter what type of asset is being gauged or monitored that technical analysis remains unchanged in function. The aspects of technical analysis are what changes or fluctuates, not the premise it is based upon.
Common Indicators
Predicting any future fluctuations or movement in exchange rates normally results from traders using a variety of indicators combined with the support of or the resistance to them. The interpretation of all the different technical indicators is a subject field unto itself and will be covered at another point in time. Due to their popularity, the technical indicators worth mentioning (and possibly studying in the future) are:
* Bollinger bands
* Fibonacci retracement
* moving averages
* moving average convergence divergence (MACD)
* stochastics
Minimal Rate Inconsistencies
Hedge funds and the larger banks are considered two of the major players in the Forex market, and all of them employ the use of computers and sophisticated software in order to constantly monitor fluctuations and movements of currency exchange rates. More importantly, they use their computer system software another important reason --- to monitor any noticeable inconsistencies between the different currency pairings.
Taking their systems and software applications into consideration, most of the major inconsistencies that are encountered are normally gone with the blink of an eye. In other words, they only last for a few seconds. Many investors and traders utilize technical analysis because it makes presumptions (not assumptions, big difference here) about key factors that will influence a currency's movement in the Forex market. This would include factors classified as the following:
* Economical
* Political
* Psychological
* Social
The presumption is that all of these factors are taken in consideration by the technical analysis format that is used and therefore have been factored into the exchange rates used by the current market being studied. Because so many investors now participate and so much money changes hands, what becomes of major importance is the flow of all that capital rather than attempting to identify rates that are incorrectly priced.
Trend or Range
The determination of movement that two paired currencies make in certain directions, as well as predicting whether or not those currencies travel sideways in a "range-bound" manner, is always the goal of investors and traders that are very successful in the FX market. Once you take that premise into consideration, it becomes apparent that the tendency is to draw trend lines and patterns that connect the higher levels of the past which have in turn prevented an exchange rate to appreciate or depreciate.
[ForexGen Customer & Trading Support]
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.
Pick Your Trading System
Many investors keep trying one system after the other until they find something they are comfortable with and that works.
It is true that they will tell you that a 1 or 2 pip spread exists on a specific currency pair. In Forex currency trading quotes are given to four decimal places and you'll see this on most forex. This means that the rate you see and freeze is the rate you get (if indeed you decide to make the deal). The united nations economic commission for Europe has agreed to these rules.
By using the ability to simulate bearish or bullish wave, there are dealers who will quote currencies. These rules have been learned in the trenches mostly through testing. Make sure your broker is backed by a reliable institution using extensive tools and research. Another advantage of dealing with a registered FCM is greater transparency of business practices.
This has become my motto as the true path to riches lies not with the wins but managing the losses. Many brokers have features, which allow fairly complex stop loss or profit taking strategies to be automated. It is true that Forex trading is risky just like any market that you decide trade.
Ultimately a good trader fine tunes their trading system
and learns how the market reacts. Make sure you understand the logic upon which the system is based. In order to produce accurate results you need tick data. In order to allow you to form your own opinion regarding investments.
Another advantage of much lower transaction costs than other investment products. Another advantage of this cost-effective system is that the rates are always available on-screen. Aspiring traders who still work day jobs are looking for ways to enter into the foreign exchange market. Additionally the system must be reliable and secure as digital signage can become a key point of contact with the customer. A trader should read and study in order to have a clear understanding of the risk as well as the rewards of currency trading.
This trading method uses simple trader tools and does not require any costly traders software
[ForexGen 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
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Stochastics
Stochastic studies, or oscillators, are another useful tool for monitoring the expected sustainability of a trend. They provide a trader with information about the closing price in the current trading period relative to the prior performance of the instrument being analyzed.
Stochastics are measured and represented by two different lines, %K and %D and are plotted on a scale ranging from 0 to 100. Indications above 80 represent strong upward movement while level indications below 20 represent strong downward movements. The mathematics behind the studies are not as important as knowing what the stochastics are telling you. The %K line is the faster, more sensitive indicator while the %D line takes more time to turn. When the %K line crosses over the %D line, this could be an indication that a market is about to reverse course. Stochastic studies are not useful in choppy, sideways markets. At times when prices are fluctuating in a narrow range, the %K and %D lines might be crossing many different times and will be telling you nothing more than the market is moving sideways.
[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.
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.
also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
How To Read And Interpret A Weekly Economic Calendar: Industrial Production And Capacity Utilization
The Index of Industrial Production is a chain- weight measure of the physical output of the nation’s factories, mines and utilities.
The capacity utilization rate reflects the usage of available resources. Investors want to keep their finger on the pulse of the economy because it usually dictates how various types of investments will perform.
Industrial production show how much factories, mines and utilities are producing. Since the manufacturing sector accounts for one-quarter of the economy, this report has a big influence on market behaviour. The capacity utilization rate provides an estimate of how much factory capacity is in use. If the utilization rate gets too high (above 85%) it can lead to inflationary bottlenecks in production.
The Federal Reserve watches this report closely and sets interest rate policy on the basis of whether production constraints are threatening to cause inflationary pressures.
[ForexGen 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
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Foreign Exchange As A Part Of The World Financial Market
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.
[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"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.
By the end of each contest:
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.
The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
A look at Economic Developments Around The World
The British economy contracted by 0.6 percent, slightly more than previously thought during the third quarter of 2008,
revised official figures showed, stoking market expectations that the Bank of England may cut interest rates to near zero in the New Year. Meanwhile, British mortgage approvals fell to their lowest level since at least 1997 in November as buyers were deterred by falling house prices and fears that the economic slowdown will hit their budgets, the British Bankers' Association said.
The association, which represents Britain's largest lenders, said banks approved just 17,773 loans for new home purchases in November -- 61 percent fewer than the same month last year, and the lowest number the association has ever recorded since it began keeping monthly records in 1997. It is also 14 percent lower than in October. The FTSE-100 share index closed up 6.82 points at 4,255.98, but Germany's DAX was 9.64 points, or 0.2 percent, lower at 4,629.38. The CAC-40 in France fell 22.95 points, or 0.7 percent, at 3,128.41.
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Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
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To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com
Bonds fall after $92B in auctions
Government bonds continued a three-day slide Tuesday, after the Treasury Department auctioned off another $28 billion in debt.
Treasury sold 5-year notes in record amounts to investors. Despite a strong showing at the auction, the session was thinly traded with many traders on holiday vacation. This week's light trading put last week's bond rally on hiatus, when yields sunk to record lows.
Tuesday's auction follows Monday's $92 billion in auctions, which included a record $38 billion in 2-year notes and a combined $54 billion in 3-month and 6-month bills.
The $110 billion of auctions in the past two days comes as the government attempts to finance its ever-growing debt. The Treasury last week promised $13.4 billion to the U.S. auto industry, using up the last of the first $350 billion Congress allotted to rescue the financial markets.
Despite a record issuance of government debt, investors continue to stockpile government bonds in their portfolios and corporate balance sheets. With the stock and commodities markets plunging this year, investors have placed their funds in Treasurys with the hope that government bonds will provide a safe investment.
As a result, Treasury bonds have performed very well this year, returning 14.3% to investors, according to a Lehman Brothers index. Investors holding S&P 500-based index funds have lost 41% of their investment so far in 2008.
Bond prices have continued to rise despite ultra-low yields. The 5-year bond yielded just 1.54% in Tuesday's auction, a record low.
Bonds fall: The 10-year note was unchanged at 114-1/32, and its yield held at 2.17% from Monday. Bond prices and yields move in opposite directions.
The 30-year long bond dropped 24/32 to 137-23/32, and yielded 2.65%, up from 2.59%.
The 2-year note fell 16/32 to 99-30/32, and its yield rose to 0.93% from 0.81%.
The 5-year note sank 4/32 to 102-20/32, and yielded 1.46%/
The yield on the 3-month note fell to 0.015% from 0.02%, and has been hovering around 0% for more than a week. Yields near the zero mark on short-term bills are an indication that investors are completely risk-averse, prioritizing safety above profit.
Lending rates remain low: Meanwhile, lending rates between banks remained near record low levels. The overnight Libor rate rose to 0.12% from 0.11% from Monday, and the 3-month Libor rate held steady at 1.47%, according to Bloomberg.com.
Libor, the London Interbank Offered Rate, is a daily average of what 16 different banks charge other banks to lend money in London, and is used to calculate adjustable-rate mortgages. More than $350 trillion in assets are tied to Libor.
Two market gauges showed confidence edging slightly lower.
The "TED spread" rose to 1.46 percentage points from 1.45 percentage points. The TED spread measures the difference between the 3-month Libor and the 3-month Treasury bill, and is a key indicator of risk. The higher the spread, the more unwilling investors are to take risks.
Another indicator, the Libor-OIS spread, rose to 1.25 percentage points from 1.24 percentage points as the Overnight Index Swap rate plummeted to 0.17% from an opening level of 0.32% Tuesday.
The Libor-OIS spread measures how much cash is available for lending between banks, and is used for determining lending rates. The bigger the spread, the less cash is available for lending.
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]
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The USD Lost Steam From Last Week's Strengthening Vs. Most Of The Major Currencies
as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher.
The greenback also weakened amid renewed concerns that the Federal Reserve could still have to cut Interest Rates to boost growth. As a result, the USD dropped 0.2% on the day to 1.5513 vs. the EUR having earlier hiked above the 1.54 mark.
Yesterday's speech by Chicago Fed President Evans lowered the growth prospects for the U.S. economy. In his speech he highlighted the growing weakness in household spending, and said that economic growth will probably remain stagnant throughout 2008. U.S. inflation prospects also remain quite gloomy. Economists expect it to fall to within 1.5% to 2%, signaling the slowdown in countries productivity.
Looking ahead to today, we have a batch of very important US data. With many speeches to follow, the most important speech will be delivered by Fed Chairman Bernanke. High volatility is expected during his speech as investors will attempt to decipher Interest Rate clues. Traders will also focus their attention today on Core Retail Sales and the Retail Sales figures. These indices shall give a more accurate picture of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
[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.
The most competitive trading conditions:
*2 pips spread on six currency pairs.
*Leverage of 200:1 leverage for accounts.
*Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
*The minimum account size with a 250 US has the ability to execute a lot of trading lots.
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.
FOREX Trading Strategy - The Secret of Timing
Once you¡ve identified a trading opportunity, the next step is to decide EXACTLY when to buy - and this is where many traders go wrong.
Here we explain how to incorporate better market timing into your FOREX strategy - so that you can make bigger profits.
Most traders time their entry levels incorrectly, so here¡s the right way to do it:
Using Support and Resistance Correctly
A basic wisdom of market timing is ¡°buy low, sell high¡± - well, the reality is, if you try this in FOREX trading, you¡ll end up losing money. First, let¡¯s define what support and resistance means
A support level is a historical price that traders come in, and buy to ¡°support the market¡± ¨C and the more times it¡¯s tested, the more valid the support will be.
Conversely, a resistance level is a level on the charts that ¡°resisted prices from moving higher¡±- again the more times it¡¯s tested, the more significant it becomes.
Why Buy Low and Sell High doesn't¡t Work
¡ Buy low, sell high¡± is accepted wisdom by the majority of traders - but this logic is fundamentally flawed - use it in FOREX trading, and you¡¯re asking for trouble. Why? - If you wait for a pullback, you¡¯re going to miss some of the biggest moves.
Think about it - what if a currency starts to trend and doesn't¡t pullback? (How often have you seen this?) If you¡¯re waiting for a pullback that never comes, you¡¯ll never get in on the trade ¨C and you¡ll miss a major opportunity.
[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.
Achieving Trading Perfection
Achieving Trading Perfection - Trade quality, not quantity.
Take the best of the best. Get the big picture. If you haven’t previously come across such advice, or if you have and are not following it, it is time that you take these words to heart. But how?
Trade selection and adequate planning go hand in hand. This is where most would-be professional traders miss the boat.
Much more money is made as a result of proper planning than from sitting and trading everything that comes along or "looks" good.
It’s difficult to fully understand why people think they have to trade so much. It’s difficult to truly grasp why people think that they have to take as many trades as they do.
Just the opposite is true. There is a correct approach to each and every trade. That is what achieving perfection is all about.
It all starts with proper management: planning, organizing, delegating, directing, and controlling.
These facets of management must be woven together into your trading; they do overlap.
Although planning is the major management function involved in achieving perfection, you can’t possibly plan well unless you are organized to do so.
You must have your tools at hand: your trading software, your data, the proper equipment. All of the rudiments for planning must be in place, which in itself is a part of organizing.
You must be physically fit when you plan: well nourished, properly exercised, well rested and mentally alert - all part of having your life organized, all part of achieving perfection as a trader.
To be a winning trader, you have to be among the best. There can be no middle ground. There are only winners and losers, and to be a winner you have to be a champion. And, just like any champion, you must have discipline, self-control, and a willingness to train, train, train.
There are no runners-up in trading, you either get the gold or you give the gold. Often, while others are busy going to parties or watching sports events, you are busy poring over charts, studying, thinking, planning. When others are listening to music or watching TV, you are busy practicing your trading, practicing trade selection, working hard to become a more astute trader.
Part of achieving perfection involves the diligent study of charts. The data, as presented on your screen and preserved as charts, are, for the most part, all you have for making trading decisions. They are a picture, a visualization of what is taking place in the reality of the market. Your job in achieving perfection and becoming an adequate trader is to picture and imagine in your mind what makes prices move and form the way they do. Ask yourself, "How does what I see in front of me relate to the supply and demand for the underlying?" Ask yourself, "Is what I am seeing on the chart even related to supply and demand, or is what I am seeing related to an engineered move by some insider or market mover?"
Supply and demand are not what makes prices move or fail to move most of the time. The sooner you realize that fact, the better off you will be. Markets are engineered, manipulated ¾ you need to know that.
But there’s more to a chart than merely price patterns. Reflected in the chart are the emotional reactions of human beings. Reactions to rumors and news; to national and world events; to government reports - these, too, are on the charts.
You might say that price movement, or the lack thereof, is the net effect of all the perceptions of all the traders who are participating in the market for a particular futures
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You An Make Use Of Their Advice For Your Own Good, And Even To Your Advantage.
Not all people are familiar with forex trading. In fact, most people think that when you talk about forex trading, it has something to do with stocks or bonds. But forex trading is different from stocks or bonds. It involves the trading of currency pairs. Currencies are traded in pairs, and you can’t find a particular currency without a pair. The major currencies being traded are chosen above the rest because they are stable and have a greater value than other foreign currencies. Every time a new comer arrives in the market, the very first ones to take notice of them are what you call frauds. That is why, if you’re new in forex trading, you need to take some advice. It doesn’t hurt to ask for advice from the ones who are already engaged in forex trading. In fact, you can make use of their advice for your own good, and even to your advantage.
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A Look At Economic Developments Around the World
A look at economic developments, activity in stock markets around the world Tuesday
A look at economic developments and stock-market activity around the world Tuesday:
LONDON -- Lower energy costs helped inflation in Britain fall to a five-month low in November, prompting the Bank of England's chief to suggest interest rates could drop further in the months ahead. The office for National Statistics said the consumer price index (CPI), the government's preferred measure of inflation, was up 4.1 percent in the year to November, less than October's equivalent rate of 4.5 percent and September's peak of 5.2 percent. The consensus in the markets was for inflation to have fallen to around 3.9 percent. Despite the smaller than anticipated drop, the Bank of England's governor Mervyn King remained hopeful inflation will fall back toward the target in the coming months because of lower commodity prices, the recession and the government's recent decision to cut sales taxes. However, he warned that the recent fall in the pound will likely moderate the scale of the decline as it will push up the cost of imported goods. The FTSE 100 index of leading British shares closed up 31.52 points, or 0.7 percent, at 4,309.08.
FRANKFURT, Germany -- German Chancellor Angela Merkel said her government will wait to see whether the new U.S. administration passes another economic stimulus package before considering further measures for Germany in a keynote speech before the Center for European Economic Research in the southwestern German city of Mannheim. Meanwhile, the euro zone economy contracted at a sharper pace in December, a closely watched survey showed Tuesday, suggesting the European Central Bank is likely to cut interest rates again early next year to prevent the economy from sliding deeper into recession. The preliminary estimate of the purchasing managers index (PMI) for the services sector in the 15-nation single currency zone fell to 42.0 in December from 42.5 the previous month, the lowest in the survey's 10-year history. Meanwhile, the equivalent manufacturing PMI slumped to 34.5 in December from 35.6 in November -- also the lowest in the survey's history. The composite reading, which combines both PMIs, dropped to 38.3 from 38.9. Again this was the lowest in the survey's 10-year history. The DAX closed 75.09 points, or 1.6 percent, higher at 4,729.91, while the CAC-40 in France rose 66.00 points, or 2.1 percent, at 3,251.66.
SHANGHAI, China -- China's domestic investment in assets grew by 26.8 percent in the first 11 months of the year over a year earlier, cooling as companies crimped spending on real estate and factories. The January-November figure, released by the National Bureau of Statistics, compared with a 27.2 percent increase in the first 10 months of the year. Stocks opened in the red but bounced back modestly after the head of China's central bank said more rate cuts could be in the offing. Shanghai's key index rose 0.5 percent to 1,975.01.
ROME -- Fiat Group SpA has for the first time shut down most of its Italian plants for a month, laying off nearly 50,000 workers for an extended holiday as it copes with the precipitous drop in demand for new cars. The shutdowns through mid-January affect 14 of Fiat's 20 Italian plants, and 48,000 blue collar workers out of its nearly 80,000-strong Italian work force. Under the temporary layoff scheme, part of the workers' salaries are paid by a government-administered fund that includes industry contributions. Italy's MIB 30 index finished up 1.1 percent at 20,036.
SAO PAULO, Brazil -- Most Latin American stocks closed higher in response to the U.S. Federal Reserve's rate cut. Brazil's Ibovespa index rose 4.4 percent to close at 39,993, while Mexico's IPC index jumped 4.7 percent to close at 22,033. Chile's IPSA rose 0.5 percent to close at 2,336 and Argentina's Merval index climbed 2.5 percent to close at 1,143. Colombia was the exception: The IGBC index slid 0.1 percent to close at 7,803.
TOKYO -- Japan's Nikkei 225 stock average closed down 96.64 points, or 1.1 percent, to 8,568.02. Elsewhere in Asia, Hong Kong's Hang Seng index was 83.26 points, or 0.6 percent, higher at 15,130.21, and South Korea's Kospi edged up 0.3 percent to 1,161.56. Thailand's key SET index rose 1.9 percent to 445.31, while Australia's benchmark index declined about 1 percent.
MOSCOW -- Russia's industrial production plunged beyond expectations in November, fresh evidence that the economy may be entering a recession that will be deeper than previously feared. Output fell a stunning 10.8 percent from October to November, an official from the Federal Statistics Service's press office said. Production contracted 8.7 percent in November from the same month last year, marking the biggest falls since the 1998 financial crash. Manufacturers have been strangled by choked credit markets and plunging demand for commodities, particularly metals.
CAIRO, Egypt -- Saudi Arabia's central bank cut two key lending rates by 50 basis points, as the Arab economic powerhouse pivotal to the region's economic health battles the effects of the global financial crisis. The Saudi Arabian Monetary Agency's decision to cut the repurchase rate and the reverse repurchase rate marked its latest efforts at boosting liquidity and supporting private sector growth in the kingdom. SAMA lowered the repo rate -- the rate at which it lends money to commercial banks -- to 2.5 percent from 3 percent, and reduced the reverse repo rate to 1.5 percent from 2 percent.
STOCKHOLM, Sweden -- Sweden's government cut its forecasts for economic growth until 2011 due to the effects of the global financial crisis.The government now expects gross domestic product to fall by 0.8 percent in 2009. It had previously forecast an increase of 1.3 percent. The unemployment rate is now expected to reach 7.7 percent in 2009, compared with 6 percent in previous forecasts. It is then expected to continue climbing to 8.5 percent in 2010 before falling back to 8.2 percent in 2011. The 2010 GDP forecast was downgraded to a growth rate of 1.5 percent from 3.1 percent previously, while the growth prediction for 2011 was cut to 3 percent from 3.5 percent. The OMX Stockholm 30 index ended down 1.3 percent at 651.18.
PODGORICA, Montenegro -- The International Monetary Fund warned that Montenegro's economy -- one of the fastest growing in Europe -- will slow down dramatically next year amid the global financial crisis. An IMF official said Montenegro's growth rate in 2009 could slide to only 2 percent, way down on the 8 percent expected this year, because of the expected slowdown of foreign investments.
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Oil touches $50-a-barrel mark as OPEC preps cut
Oil prices retreated after briefly topping $50 a barrel Monday as concerns about the economy overshadowed a possible production cut from OPEC.
U.S. crude for January delivery rose $1.13 to $47.41 a barrel, but not before touching a high of $50.05. The January contract expires at the end of this week.
Reports indicate that ministers from the Organization of Petroleum Exporting Countries, a trade organization that produces about 40% of the world's oil, will call for a production cut at its meeting in Algeria on Wednesday.
"They must cut production to maintain the price," said Jim Williams, energy economist with WTRG Economics in Arkansas.
OPEC nations have expressed concern about oil prices, which have fallen rapidly since hitting a record high of $147.27 a barrel in mid-July. The group pledged in late October to cut production by 1.5 million barrels a day in order to bolster prices, but the cut had little effect on the market at that time.
After prices dipped below $45 a barrel earlier this month, OPEC President Chakib Khelil said in an Associated Press interview that the market would see another "severe" cut in production at its meeting on Dec. 17 in Algeria.
"If their goal is to stem the price (decline) 1.5 million to 2 million (barrels a day) will do it," said Williams. However, if they want to get the price back up to about $70 a barrel, the cartel needs to cut "3 million at least by the end of February, early spring."
OPEC Secretary General Abdalla Salem El-Badri said at the beginning of the month that the ideal price for crude was between $70 a barrel to $90 a barrel, according to Dow Jones.
However, OPEC has a tough road to travel if it wants to overcome the dour economy, according to Phil Flynn, senior market analyst with Alaron Trading in Chicago.
"Even if they cut production, if the economy is weak, who's going to buy their oil?" asked Flynn. Raising prices is not going to spur demand, he added.
Auto bailout: The White House said Friday it may use part of the $700 billion allocated for banking sector bailouts to keep automakers General Motors and Chrysler from collapsing.
A plan to provide $14 billion in loans to the automakers to keep them from going bankrupt before March failed in the Senate last week.
"If they don't bail them out [the recession] will get much worse," said Williams, pointing out the increasing number of jobs that have been lost in the U.S. already.
Last week, the Labor Department said that the number of Americans applying for state unemployment benefits rose to a 26-year high.
The U.S. auto industry employs about 2 million workers, according to the Center for Automotive Research. That total includes GM, Ford and Chrysler workers, as well as dealers and workers at parts manufacturers.
As the economy slows, consumers and businesses have cut back on the consumption of petroleum-based fuels.
Americans drove 100 billion fewer miles during the 12-month period between November 2007 and October 2008 compared with the prior year, according to the Transportation Department.
"The weaker the (U.S.) economy gets, generally the weaker the world economy gets, and the weaker the world economy gets, the lower oil prices go," said Williams.
Dollar: Oil prices gained some measure of support as the dollar weakened against the 15-nation euro and the British pound.
Since oil, like other commodities, is priced in dollars, a decline in the U.S. currency makes oil cheaper for foreign investors, which spurs buying.
"The strength in commodities is the follow-through in dollar weakness," said Brian Dolan chief currency strategist with online brokerage Forex.com.
The dollar has declined in value as an easing credit crunch has caused investors to unwind some of their dollar hedges, and a deepening recession continues to weigh on the U.S. economy, according to Dolan.
Plus, the existing relationship between the two types of investments is being amplified because one of the mathematical models used in trading software is triggering dollar-oil trading orders, he added.
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