ForexGen | Asia Stocks Rise as Bargains Sought; Oil Slips

Asian stocks edged up in quiet trade on Friday, as investors sifted through the remains of a record sixth consecutive month of falls for global equity markets, hoping to find some bargains as 2008 winds down.

Regional shares tacked on a sixth day of gains, though optimism was in short supply with deteriorating economic prospects for China and Japan as well as simmering political risks in India, where fighting raged on in Mumbai, and Thailand, where the prime minister has declared a state of emergency.

The yield on the benchmark 10-year U.S. Treasury note was near its lowest in 50 years, below 3 percent, with bond dealers anticipating a deep and lasting U.S. recession. The cost of insurance against a U.S. government debt default, an unthinkable event, shot to record highs on Thursday, as concern grows about the scale of programs to prop up the financial system.

Oil prices fell toward $53 a barrel, ahead of a meeting of OPEC ministers in Cairo to discuss the possibility of more supply cuts as global recession reduces energy demand.

"On a range of measures, there is undoubted value to be found in many of the worlds equity markets," said Sarah Arkle, chief investment officer with Threadneedle Asset Management.

"However, with economic and earnings expectations in a state of flux, there are also significant risks and translating valuation metrics into regional preferences is highly dependent on earnings and dividend inputs," Arkle said in a note on the outlook for 2009.

Japan's Nikkei share average (Osaka:^N225 - News) rose 0.6 percent with some stocks in the technology sector, such as Kyocera Corp (Tokyo:6971.T - News), pushing the index higher for a second day.

However, shares of Panasonic Corp (Tokyo:6752.T - News), the world's largest plasma TV maker, dove 11 percent after it slashed its net profit forecast for the current business year by 90 percent.

The MSCI index of Asia Pacific stocks outside of Japan (^MIAPJ0000PUS - News) climbed 1.3 percent, putting in on track for a sixth day of gains. The index was still locked in a steep downward trend that has knocked it down about 57 percent so far this year.

Hong Kong's Hang Seng index (HKSE:^HSI - News) rose 2 percent, led by China Mobile (HKSE:0941.HK - News), whose recent gains and been lower than the broader market.

ForexGen Introducing Brokers


Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

ForexGen | Mortgage Rates Dip For Fourth Straight Week

Mortgage rates dip for fourth week; falling below 6 percent for first time since early October


Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market.

Further drops are likely, analysts said, reflecting the market's positive response to the programs the Federal Reserve and the Treasury unveiled this week to fight the financial crisis.

The Fed's move to spend up to $600 billion buying mortgage-backed securities owned or guaranteed by big mortgage financing titans Freddie Mac and Fannie Mae caused rates to immediately drop by a half-point. Economists say the new Fed program should help keep rates low as the government increases efforts to battle the credit crisis.

"The sharp decline in mortgage rates that occurred after the new program was announced Tuesday was encouraging," said Mark Zandi, chief economist at Moody's Economy.com.

Freddie Mac reported Wednesday that rates on 30-year fixed-rate mortgages dropped to 5.97 percent this week. That was down from 6.04 percent last week. It was the first time rates have been below 6 percent since they were at 5.94 percent the week of Oct. 9.

Freddie Mac's survey is normally collected from Monday through Wednesday and released on Thursdays. This week, it was put out one day early due to the Thanksgiving holiday. Since some lenders reported their rates Monday, this week's rates don't reflect the full impact of the Fed's dramatic action.

Rates on the 30-year mortgage hit a high for this year of 6.63 percent in late July. Analysts believe rates will continue dropping as signs mount that the country is sliding into a recession and the government steps up efforts to make mortgage financing more available.

"Signs the overall economy is flagging lowered most interest rates market-wide," said Frank Nothaft, chief economist at Freddie Mac.

Rates on other types of mortgages were mixed this week.

For 15-year, fixed-rate mortgages, which are popular with people who are refinancing, rates averaged 5.74 percent, up slightly from 5.73 percent last week.

Rates on five-year, adjustable-rate mortgages dipped to 5.86 percent, compared with 5.87 percent last week. Rates on one-year, adjustable-rate mortgages dropped to 5.18 percent, from 5.29 percent last week.

The rates do not include add-on fees known as points. The nationwide fee for 30-year and 15-year mortgages averaged 0.7 point last week. The fee on five-year, adjustable-rate mortgages averaged 0.6 point while the fee on one-year adjustable-rate mortgages averaged 0.5 point.

A year ago, the nationwide average rate on 30-year mortgages stood at 6.10 percent, 15-year mortgage rates averaged 5.73 percent, five-year adjustable-rate mortgages were at 5.86 percent and one-year adjustable-rate mortgages stood at 5.43 percent.

The credit markets, while not as crunched as they were last week ahead of the rescue of Citigroup Inc., are still in rough shape because financial institutions and other investors remain wary about lending. Short-term Treasury rates remain just above zero -- suggesting a high level of fear among investors.

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.

Step 1: "Practice makes perfect"
Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.

Step 2: "Study, Study, Study".
Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.

Step 3: Manage your money wisely.
You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur.

Step 4: Open a Live Account.
If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.

ForexGen | Pfgbest.com And Integral Partner

PFGBEST.com and Integral Partner on Technologies to Give Forex Brokers and Customers Access to Multi-Bank Liquidity


PFGBEST.com and Integral Development Corp. (Integral) announce their partnership to provide customers with private, branded FX trading technology solutions to access multi-bank liquidity.

Integral’s technologies aggregate prices from a number of banks, and provide these to PFGBEST.com retail brokers, dealers and customers through the PFGBEST.com MetaTrader4 (MT4) retail trading platform. This platform is bridged to Integral’s FX Grid®, global Multi-sided Trading Facility (MTF). The solution is designed to help retail brokerage firms and Introducing Brokers (IBs) gain access to forex market liquidity and then to stream the aggregated prices to their respective clients.

The PFGBEST.com MT4 platform has been used by several hundred retail forex brokers and dealers and to meet strong market demand, was recently made more broadly available to PFGBEST.com brokers and clients.

PFGBEST.com President and Chief Operating Officer Russ Wasendorf, Jr., said, “This agreement allows forex brokers to bypass single-source pricing systems in favor of direct market access to multi-bank liquidity from the FX Grid®. Access to that liquidity has universal appeal to most institutions, funds and professional traders. The retail trading platform supplied by PFGBEST.com – MT4 – is highly configurable to work for a whole host of FX trading models.”

Harpal Sandhu, Integral’s Chief Executive Officer, added: “Our technology gives PFGBEST.com the ability to aggregate multi-source liquidity, according to business requirements, and stream that liquidity directly into MT4 systems. The solution is delivered as Software-as-a-Service (SaaS), so integration with PFGBEST.com platforms and access for brokers is quick, easy, and accomplished without the need for new IT infrastructure or software.”

Deep liquidity and real time pricing are key to the hundreds of brokers that already leverage the PFGBEST.com MT4 trading systems. The single point of access to multi-source liquidity and aggregated pricing configuration offers what Integral describes as the purest form of FX trading.

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.

ForexGen | Euro / US Dollar Breaks Out of Range, Aims Higher

The Euro raced higher against the US Dollar in early New York trading hours as forex markets fell in with a rebound in risk appetite fueled by the announcement that the Federal Reserve will commit up to $800 billion for a new program to bolster credit access for homebuyers, consumers and small businesses.

The news sent European stock markets and US index futures sharply higher just before the opening bell on Wall St, while forex traders dumped safe haven currencies, weighing on the greenback. The bulls retained momentum since and EURUSD has now definitively broken above the upper boundery of the range that had contained the pair since late October. This confirms our analysis from the past several weeks calling for a bullish correction in EURUSD after identifying positive divergence between price action and the RSI oscillator. A Bullish Engulfing formation seen at the end of last week's trading added further confirmation.

We will now look for the pair to rise into the 1.33-1.35 area to meet resistance established by a downward sloping trend line connecting the highs following the breakdown of the bullish trend below 1.60 in mid-July.

ForexGen Trading Station

ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own. ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex.

ForexGen | Dollar Falls on Discouraging US Economic Data

Dollar falls on discouraging US economic data as German consumer confidence shows improvement
The dollar fell against the major currencies Tuesday as new data showed that American consumers curbed their spending at a rate unseen in 28 years, while a survey showed German consumer confidence improving slightly despite the wider economic gloom.

The 15-nation euro bought $1.3022 in late New York trading, up from the $1.2877 it bought late Monday. The pound jumped to $1.5440 from $1.5115, while the dollar fell to 95.65 Japanese yen from 96.85 yen.

Both the Dow Jones industrial average and Standard & Poor's 500 index rallied for a third straight session Tuesday as investors were encouraged by government plans to help unfreeze credit markets. The U.S. Treasury Department and the Federal Reserve said they planned to provide $800 billion to aid consumer lending companies and to make mortgage loans cheaper and more available.

The dollar has tended this fall to move in the opposite direction from stocks. As equities plunged, the dollar has gained on the euro and the pound.

An updated reading on the economy's performance released by the Commerce Department showed the gross domestic product shrank at a 0.5 percent annual rate in the July-September quarter. American consumers slashed spending in the third quarter at a 3.7 percent pace. That was deeper than the 3.1 percent cut initially reported and marked the biggest reduction since the second quarter of 1980, when the country was in the grip of recession.

Also Tuesday, the Standard & Poor's/Case-Shiller U.S. National Home Price Index showed that home prices have tumbled to levels not seen since early 2004.

"This data shows the beginning of a technical recession which is likely to get worse before it gets better," said Michael Woolfolk, senior currency strategist at the Bank of New York Mellon Corp. "We anticipate that the dollar is likely to continue to suffer over the next several trading sessions."

Germany's GfK research group reported a third consecutive small increase in its monthly index of German consumer confidence, despite the country's recent fall into recession. It said consumers' income expectations were boosted by falling oil prices and a recent industrial wage deal. Meanwhile, the country's Federal Statistical Office confirmed an initial estimate that the economy -- Europe's biggest -- contracted by 0.5 percent in the third quarter.

In other New York trading, the dollar bought 1.1878 Swiss francs, below 1.1988 francs late Monday, and fell to 1.2282 Canadian dollars from 1.2377.

ForexGen Open Demo Account

ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform. A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services. The trader must enter a valid e-mail address to freely open a demo account. You will be able to upgrade to Live Account at any time with minimal efforts.

ForexGen demo account advantages:
* Innovated trading with no request for a quote for up to 200 lots (20 million).
* The client is provided by a simple system with included options that are easily grasped and used.
* Real time prices are usually modified and provided.
* ForexGen provides Real time charts with the most famous indicators.
* Daily reports for the account status.
* Summarization of the current client's orders, account equity, profit and loss ranging.
* Exclusive technical analysis provided daily to your mailbox in the Trading Platform. The trading real time technical analysis by Capital Management is sent daily to the trader’s mail
* Streaming News headlines are supplied by AFX News.
* The ability to form the traders own strategies using the Expert Advisor. Available for real accounts upon written request

ForexGen | Chart of The Day: NZD/USD

Similar to the USD/CHF we talked about yesterday, the NZD/USD is also moving up off of the lows while in a strong downtrend.



















This is another market that is signaling a potential selling opportunity. Entry can be determined by a technical indicator that shows changing momentum with a stop placed above the high of this move up. Profit targets should be placed at the point that is twice risk. If you risk 100 pips on the trade, look for 200 pips is profit.

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/.

With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.

ForexGen Pro Accounts

ForexGen… We Enhance Your Performance

There are some questions needed to be asked to yourself:
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- Do you have enough experience to trade on high amounts?
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Join The Row And Trade As A Pro…

ForexGen Premium Accounts

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

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.

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Time when traders are to be millionaires!

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Refer a Friend Promo to ForexGen

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?

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

Bonus on Deposit in ForexGen

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