If you are someone who’s really looking into the prospects of trading your money in the Forex market,
you have to consider that you could incur loses if you take the plunge before knowing what is really involved in trading currencies. Take some time to educate yourself first. There are many only Forex trading games that don’t need to involve real money to learn the basics of trading. What you are going to be facing in the actual trading are the exchange of currencies from one country’s currency to another. These currencies are slightly valued more of less – although there are some that the disparity is huge – than the other. Governments, banks, small brokers, and big time financial institutions use Forex as a means to accumulate, too.
In order for you to start learning, find yourself software that will allow you to trade make-believed money. The software companies offering these programs to you will ask you some personal information (only those that you can give in public) and your particular interest in the market before you can install the system on your computer. The game will allow you to feel what it’s like to gain and lose money as you trade currency with your make-believed sum. You will use real time exchange rate and real time data so that your learning about how the markets behave and how different currencies move in the market is at maximum.
Your game account will also allow you to view the latest Forex news about how the different economies are doing. You can see in real time how your profit grows – or false – following the actual trading that’s happening in the real market. You’ll only need to play few times a week, or as often as you want and then you’ll be prepared to do the actual trading with real money. It’s also advisable to ask advice from real brokers and financial companies while you play the game because you need to do this, too, when you’re doing the actual trading. You also need to gather about the latest on different markets around the world and how their currencies are doing before you make your judgment.
If you’re ready to do the actual trade, be sure that you consult only reputable brokers and financial institutions to entrust your money onto. Be careful also with the rise of online companies offering to broker your currency trading needs. Most of these fly-by-night online brokers are just exploiting the clamor of the people to have easy access on currency trading but what they’re really after is to steal your money from you. Bear in mind that only legitimate brokers and financial institutions can bring you the gain you are wanting for in Forex, and these people and institutions are jus around in your country. You must also understand that there are laws and regulations that govern currency trading. For instance, the United States has one of the most well-defined guidelines in trading; perhaps the most advanced in the world
[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.
Investing Money in the Forex Market
Reading a Chart and Acting Effectively
Technical analysis is a guide that tells you, in simple understandable language, how to choose the right charts, reading these charts correctly, and act effectively in the market from what you see on these charts.
Probably most of you have taken a course or studied the use of charts in the past. This should add to your knowledge about choosing the right carts and reading these charts correctly. There are several good charting packages available free. I use and what I recommend you "Netdania". Using Charts Effectively The default number of periods on these charts is 300. Here are a few good starting points if you are new to charting and technical analysis: Hourly chart that's about 12 days of data, 15 minute chart its 3 days of data, 5-minute chart it's slightly more than 24 hours of data. You can create multiple "tabs" or "layouts" so that it's easy to quickly switch between charts or sets of charts.
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.
Understanding the risks in Forex trading
Forex: To trade, or not to trade?
Many are reluctant to involve in Forex trading because of its ‘risks’. Generally speaking, there are risks everywhere in our life: Factories may malfunction, customer may not walk-in if you open a shop, stock market may crush, and if you are employed you may get fired during company downsizing. There are risks everywhere! The important issue here is how you learn and maintain your risk. So if you are considering participating in Forex market, you should learn managing the risk involved, instead of being terrified.
Picking up the right Forex dealer
One of the best methods to avoid unnecessary risks is avoid fraud dealer.
Forex is a special trading business with no centralized market. Thus, unlike regulated futures exchanges, there is no central market place for Forex buyers or sellers therefore the price offered by different Forex dealers may vary a lot. When you are trading in Forex market, you are totally relying on the dealer’s integrity for a fair deal.
Further more, you need to select a right Forex dealer to avoid scams. There may be Forex dealers that are not regulated legally and there maybe investment scams, especially on the Internet. Be very careful on who you are dealing with in Forex and always check cautiously on the investment offer.
Stop loss order
The Forex market could move against you. No one can predict with certainty which way exchange rates will go, and the Forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your Forex contract and the potential profit and losses relating to it. To avoid losing all of your investment capital, you should have a pre-arrangement on your risk profile. A solid risk profile will limit the Forex dealer not to overtake risk that you cannot handle. For example, if you have 100,000 to invest, you can say that you are willing to risk 10,000 of that capital with the potential to gain another 100,000. This can be easily implemented by a fund manager, so your losses can be limited to 10% or 5% of invested capital.
[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.
Fundamental analysis and Technical analysis in Forex
Fundamental Analysis refers to the study of the core underlying elements that influence the economy of a particular entity.
As in Forex trading, government policies, bank policies, natural disasters, and speculators mood are some of the fundamentals considered to predict the currency market trends. Fundamental FOREX traders will review a country economy's situation base on these fundamental elements and respond accordingly. To gain max, fundamentalists often apply precise method to convert study's results into accurate entry/exit price indicator.
Technical Analysis, on the other hand, is a completely different story. Instead of reviewing on the fundamental issues, traders from the technical side define market movement according to data purely generated from the market. The term 'Technical' is applied in all trading fields, from commodity stocks exchange to option trading, from Forex to futures.
Generally, the purpose of technical analysis is to find potential price reversal or pivotal points. These points basically refer the change of market trends, which then indicates when to enter or exit from the market. It is important to know that as with any other techniques in your trading system, these technical analysis indicators could be used alone or with other indicators. Traders are always recommended to learn more different technical methods to analyze different market data because none of these techniques are 100% accurate and 100% foolproof. Taking example of the 'price' data and the 'time' data, which are widely used by FOREX trader.
There are some techniques consider solely on the 'price' factor, while some solely rely on the 'time' factor. The fact is if you know both technical methods, you can take both price and time into consideration during estimating market future trends. This will of course then reduce the risks of losing money in Forex market. Also, it would be wise if traders combine both technical and fundamental techniques when trading Forex, as a country currency value depends a lot on fundamental variables such as war, change of national leaders, terrorism attacks, as well as natural disasters.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread 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.
Online Forex Trading Strategies
Forex trading strategies are the key to successful forex trading or online currency trading. A knowledge of these forex trading strategies can mean the difference between a profit and a loss and it is therefore imperative that you fully understand the strategies used in forex trading.
Forex trading is very different from trading in stocks and using forex trading strategies will give you more advantages and help you realize even greater profits in the short term. There are a wide range of forex trading strategies available to investors and one of the most useful of these forex trading strategies is a strategy known as leverage. This forex trading strategy is designed to allow online currency traders to avail of more funds than are deposited and by using this forex trading strategy you can maximize the forex trading benefits.
Using this strategy you can actually utilize as much as 100 times the amount in your deposit account against any forex trade which will make backing higher yielding transactions even easier and therefore allowing better results in your forex tradingThe leverage forex trading strategy is used on a regular basis and allows investors to take advantage of short term fluctuations in the forex market. Another commonly used forex trading strategy is known as the stop loss order. This forex trading strategy is used to protect investors and it creates a predetermined point at which the investor will not trade. Using this forex trading strategy allows investors to minimize losses. This strategy can however, backfire and the investor can run the risk of stopping their forex trading which could actually go higher and it really is up to the individual trader to choose whether or not to use this forex trading strategy.
An automatic entry order is another of the forex trading strategies that is commonly used and this strategy is used to allow investors to enter into forex trading when the price is right for them. The price is predetermined and once reached the investor will automatically enter into the trading. All these forex trading strategies are designed to help investors get the most from their forex trading and help to minimize their losses. As mentioned earlier knowledge of these forex trading strategies is vital if you wish to be successful in forex trading.
[ForexGen Demo Accounts Contest] 
Win Cash Prizes
[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number
Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
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
