FOREX: forexgen

Showing posts with label forexgen. Show all posts

Wednesday, December 16, 2009

ForexGen has the pleasure to announce the launching of the ultimate trader champion on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on 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 ForexGen demo account login information which will be used in the trading contest.

This Forex contest for the current month will starts on Sunday 20-12-2009 at 10 pm GMT and ends on Thursday 31-12-2009 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

Monday, December 14, 2009

A Christmas Gift From ForexGen

There aren’t many Forex promotions like this one, but then again there aren’t many Forex Brokers like this one.

Get a 25% cash back straight into your trading account, on any deposit you make up to $100,000, during the month of December OR get free rebates also during the month of December and next 3 months that you will get $ 1 for each closed mini lot and $ 10 for each closed standard lot.

ForexGen knows what traders are looking for, Simplicity, Security and Safety. That’s why the majority of our traders use our services again and again.

We offer 24/7 hour support and a personal account manager to all of our traders.
We offer training and education resources.
We send our traders daily Market Reviews by email each day.
We send the latest trading signals by email.
And we don’t charge fees or commission.
Free hedging activities.
Free Signals, Charts and news.

Register with ForexGen to start trading Forex and we’ll look after the rest.

For more information about Christmas at ForexGen email us at Operations@forexgen.com

Monday, January 12, 2009

Euro down against US dollar

Euro falls against US dollar in early European trading

The 16-nation euro slipped against the U.S. dollar Monday as traders shrugged off unemployment figures from Washington and looked ahead to this week's ECB decision on interest rates.
The euro bought $1.3406 in midday European trading, down from $1.3646 on Friday. The British pound fell to 1.4970 from $1.5180 on Friday.

Washington reported Friday that the U.S. unemployment rate had jumped to 7.2 percent, the highest in 16 years. The U.S. lost 524,000 jobs in December, bringing the total job loss for last year to 2.6 million, the largest since World War II.
But the losses were in line with what traders had predicted, said James Hughes, a market analyst at CMC markets.

"Friday's non-farm payrolls, although disappointing, fell squarely in line with expectations, whilst the prospect of the ECB meeting later this week is also heaping downside pressure on the common currency," he said.
The ECB is widely expected to reduce interest rates when it meets on Thursday. Lower rates can help bolster an economy, but weaken a currency as traders transfer funds to investments with greater returns.

[Why ForexGen]

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

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

Sunday, January 11, 2009

Strategy + Discipline = More Pips

This Strategy try to teach you that you don’t have to take a pill in order to be a great trader. You just need to focus on some simple tools.

What Is a PIP ?
You know what a pip is already. For purposes of this article,
we’re drawing it as a yellow cube. Do you know that most forex traders spend their careers chasing after pips.

Have you ever watched the market and wondered why the harder you tried, the more quickly the pips distanced themselves from you? I remember when I first started trading that the market would move away from me and I would begin to think: it’s moving.

Why is it moving away from me? Couldn’t it just as easily move in my direction? For a while, I made money on gut decisions. I’d make some progress, a few pips or more a day, but never really understand the signals. For instance, I’d make a profit just barely, and watch in horror /relief as the market swung the opposite way right after I exited the trade. Or I’d enter a trade, lose a bunch of pips, and then exit the position at a loss – only to watch the market swing back in my favor.

Only, of course, the position was closed and all I could do was sit there and watch.

Until you’re no longer impressed with pips – no longer frightened by them, nor infatuated by them, not in love with them, no longer simply hating them – they won’t give you the time of day. The acquisition of pips is your only goal in the currency market.

But pips are fickle and if you pursue them full of emotion, you’re going to get burned. You must be able to calmly make a plan, stick to it. But I could do none of those things.

My emotions took hold of me and turned me into an idiot.

It’s the same for pips. We all want them. We all want as many of them as we can get. But some of us are willing to risk everything for just a few of them. We’ll chase after them like a 12-year old boy. And you know what? They don’t give a damn about you and me.

This strategy will present a plan for learning about pips, where they’re going, what they’re about to do, and then arm you with a strategy that once implemented, can take a lot of the emotion out of trading.

Your goal will be to:
1. Enter positions as soon as a particular signal is given.
2. Exit the position as soon as a particular signal is given.

The payoff will be:
1. The emotion should be gone from the trading. You will enter and exit trades with discipline and focus.

2. You’ll get about 20 pips on the good trades. There will be many more good trades than bad ones.

Attitude is 99% of Trading
Developing the right attitude about your trading is most of the work. Once you get your attitude (your discipline) under control, you’re going to have more pips than you know what to do with.

So much has been written about this that you’d think that you’ve already heard enough about it. I’ve written about it elsewhere, too1, but I’ve got to stress that no technique or strategy is worth more than the discipline you have to implement it.

The 5/13/62 strategy requires discipline. This is the most powerful personal characteristic you can acquire. Period. It will earn you more money and success than any other attitude or personality trait. If you’re low on discipline, please take the time to consider what I’m saying:

In trading, discipline simply means two things:
1. Enter a position as soon as a particular signal is given.

2. Exit the position as soon as a particular signal is given.

If you do not acquire discipline, this system will not work for you. No trading system will work for you. But this isn’t a book about discipline. In fact, this book assumes that you have discipline, or you’re willing to acquire in order to implement a profitable trading system.

So, for the purpose of this discussion, and for the testing of this strategy, please be disciplined – even as you practice.

[Why ForexGen]

Thursday, January 8, 2009

Dollar continues posting losses

The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by half a percentage point to 1.5% Thursday, the lowest rate in the bank's 315-year history.

When a central bank lowers its rate, it tends to weaken its currency. However, sterling rebounded off the news because many investors were expecting a larger cut, up to three-quarters of a point, according to Tom Benfer, director of foreign exchange at BMO Capital Markets.

That surprise likely caused many speculators who had shorted the pound to buy it back to cover their positions, causing it to rise, Benfer said.
The British pound rose against the dollar 0.65% to $1.5197 from $1.5114 late Wednesday.
In announcing its cut, the Bank cited weakening consumer spending, a tightening credit market for households and businesses, and a deteriorating business and residential investment outlook.

The euro also made gains against the dollar despite consumer confidence in the European Union and euro zone falling to record lows.
The 15-nation euro was up 0.59% against the dollar, trading at $1.3726 from $1.3623 late Wednesday.
The European Central Bank is widely expected to cut its key interest rate at its meeting next week.
The greenback dropped 1.49% against the Japanese yen, purchasing ¥91.28 down from ¥92.59.

Benfer also said that the dollar weakened as investors started looking to Friday's report on job losses in December.
"People are just getting prepared for tomorrow's bad payroll number," he said.
Employers are expected to have cut 500,000 jobs from their payrolls in December after cutting 533,000 jobs in the previous month, according to Briefing.com forecasts.
The unemployment rate, generated by a separate survey, is expected to have risen to 7% from 6.7% in the previous month.

[Why ForexGen]

Monday, January 5, 2009

Read About Someone Else's Forex Success or Experience Your Own

Now that you're looking at Forex trading as a business, you need to learn some valuable statistics about your system so you can improve it's performance.

You would use a Forex back-testing method. You can't improve your system unless you have something to measure it against. How could you expect to improve your trading unless you knew what it was you were looking to improve? You can discover these measurements and other valuable information about your trading system, by using a Forex back testing plan.

There are two ways that you can use a Forex back testing plan to back test a system.
You can do it manually, which can be a drawn-out and labour-intensive process, or you can do it with the aid of some software packages.
Unfortunately, I recommend you do it by hand when you first start out. You'll get a much better feel for your system, and you'll understand exactly how using a Forex back testing plan works in all its intricacies.

Once you have the Forex back testing plan and the in-depth knowledge, you could look at finding a software package that does it for you.
There are a few major statistics on your Forex back testing plan that you need that you will uncover through back testing.
The first statistic you need to become familiar with is the R multiple principal. R stands for risk, the risk you take on any trade when you enter the market. The R multiple of a trade is the ratio of the profit or loss compared to the amount of money risked to make the profit or loss.

[Why ForexGen]

Sunday, January 4, 2009

Forex Technical Analysis - Basics you Need to Know

Forex technical analysis is the most effective and most time efficient way to make money in forex and studying forex charts can lead you to success but you need to know some basics avoid common forex myths and do it correctly and that's what this article is all about.

Let's look at some key points to consider when getting your forex trading strategy together and suing forex technical analysis.

History Repeats Itself

Human psychology is constant and forex chart patterns repeat themselves over time but you need to understand one key point - they don't do so with scientific accuracy.

There is a huge market for courses who say they can but they can't - so don't fall for this myth. Forex trading is a game of odds not certainties.

If you can learn to trade the odds, you can have more winners than losers, execute your trading system at the right time and enjoy currency trading success.

Forex charts also make studying the news irrelevant.

Many traders simply believe newswires and brokers and the arguments and opinions are convincing but that's all they are - opinions and there more often than not wrong.

Trading the Reality

While the fundamentals are important, it's very hard to judge their impact and how the participants view them. Forex technical analysis simply assumes that all fundamentals will show up quickly in price action.

The forex chartist therefore doesn't concern himself with why prices are moving - he simply trades the reality of price change and wants to make profits by locking into and holding trends when they occur.

[Why ForexGen]

Thursday, January 1, 2009

Taking Advantage Of A Weak U.S. Dollar

Why Geography Matters

Understanding the accounting treatment for foreign subsidiaries is the first step to determining how to take advantage of currency movements. The next step is capturing the arbitrage between where goods are sold and where goods are made. As the U.S. has moved toward becoming a service economy and away from a manufacturing economy, low-cost provider countries have captured those manufacturing dollars. U.S. companies took this to heart and started outsourcing much of their manufacturing and even some service jobs to low-cost provider countries to exploit those cheaper costs and improve margins. During times of U.S. dollar strength, low-cost provider countries produce goods cheaply; companies sell these goods at higher prices to consumers abroad to make a sufficient margin.

This works well when the U.S. dollar is strong; however, as the U.S. dollar falls, keeping costs in U.S. dollars and receiving revenues in stronger currencies - in other words, becoming an exporter - is more beneficial to a U.S. company.
Between 2005 and 2008, U.S. companies took advantage of the depreciating U.S. dollar as U.S. exports showed strong growth that occurred as a result of the shrinking of the U.S. current account deficit to an 8-year low of 2.4% of gross domestic product (GDP) (excluding oil) during 2008.

However, just to complicate matters slightly, many of the low-cost provider countries produce goods that areunaffected by U.S. dollar movements because these countries "peg" their currencies to the dollar.

In other words, they let their currencies fluctuate in tandem with the fluctuations of the U.S. dollar, preserving the relationship between the two. Regardless of whether goods are produced in the U.S. or by a country that links
its currency to the U.S., in a falling U.S. dollar environment, costs decline.

[Why ForexGen]

Wednesday, December 31, 2008

British Pound Can't Find Its Footing As Confidence Drops To 13-Year Lows

The British pound remains one of the few currencies that hasn’t taken full advantage of the US dollar’s plunge. Following up on yesterday’s disappointing revision in fourth quarter private consumption, the GfK Consumer Confidence survey for February crossed the wires with a sharper-than-expected drop.

This indicator was initially scheduled for release on Friday, which added to the surprise of a -17 reading that was the most pessimistic the report has read in 13 years. Sinking confidence in Brit’s outlook for growth and their own financial position isn’t surprising considering the worsening housing slump and steadily rising prices that have eaten into discretionary spending.

[Why ForexGen]

Tuesday, December 30, 2008

A Forex Market Order

This is an order to buy or sell a given currency at the current market price. This means that the trader will be buying at the “current” ask or selling at the “current” bid that is quoted. The market order can be used to enter or exit trades. When placing a market order, the currency trader specifies the currency pair that he wants to buy or sell and the number of lots or contracts he wants to trade.

With most currency trading platforms, this order is placed with a single click and is executed instantly at the current rate quoted.
Often small market makers are unable to fill market orders instantly and usually re-quote traders. This can be a major source of problems as unnecessary costs of trading are incurred that can affect performance over time and the profitability of each trade.
However, this type of order is very popular with certain trading strategies i.e. strategies which react to market conditions and require instantaneous execution of a trading position, ether to enter or exit.

Therefore it is important to make certain you are trading through a firm that have the necessary credit lines within the Interbank market to attract large hedge funds and money managers as clients. This will ensure you can obtain the necessary liquidity required to execute market orders regardless the size, with no hassle.

[Why ForexGen]

Sunday, December 28, 2008

Fundamental Outlook for US Dollar

- US personal spending contracted for the fifth straight month in November as jobless claims held near 26-year highs
- US durable goods order fell less than expected, helped by an increase in defense spending and business investment
- US retail sales tumbled during December despite aggressive discounting, according to SpendingPulse

The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. In the coming week, the US markets will be closed on January 1 for New Year’s Day, and low liquidity conditions could persist as scattered financial markets around the globe will also be closed on Wednesday and Thursday. Meanwhile, there will be a bit of event risk on hand, leaving potential open for volatility to pick up a bit.

On Tuesday at 9:00 ET, the S&P Case-Shiller Home Price Index for the month of October is anticipated to fall by a record 17.8 percent from a year earlier, highlighting the extent of the collapse in the US housing sector. At 10:00 ET, the Conference Board’s Consumer Confidence Index for the month of December is expected to edge up to 45.5 from 44.9. This would mark the second improvement in a row, but it’s necessary to keep these figures in perspective, as the record low of 38.8 going back to 1967 was just realized in October, down significantly from the index’s average of more than 100 throughout 2006 and 2007.

Indeed, the outlook for consumption remains bleak, especially as aggressive discounting by retailers was not able to prevent holiday spending from slumping 4 percent in December from a year earlier (excluding gasoline), according to SpendingPulse. On Wednesday, initial and continuing jobless claims are likely to hold near their highest levels since late-1982, boding ill for the January 9 release of US non-farm payrolls. Finally, on Friday, the Institute for Supply Management’s index of manufacturing conditions during December may fall to the lowest levels since 1982, while the record low of 29.4 reached in May 1980 looming close below.

[Why ForexGen]

Tuesday, December 2, 2008

Technical Analysis – How to Use it for Big Profits:

Technical Analysis is the most effective way to make money

in online FOREX trading

, or any other market – Here we will show you why it is so effective and how to and avoid common errors.

So firstly, why does technical analysis work?

Let’s look at how investors determine price and the equation for predicting market movement:

Fundamentals + Investor Psychology = Price

The important advantage for traders using technical analysis is that it assumes all fundamentals are quickly discounted in the price.

You can ignore all the news and simply assume in today’s world of instant communications that all fundamentals show up instantly.

Technical analysis however does something more important:

It shows you how investors view the fundamentals and takes into account the emotions of the participants.

Think about it:

The price of anything is determined by people – We all see the fundamentals, but we all draw our own conclusions of what the value of anything is.

By looking at charts we can see both the supply and demand fundamentals and the way they are viewed.

The critical advantage of technical analysis is that it allows you to study both of the above at a glance.

Human nature is constant and the emotions of greed and fear cause repetitive price spikes, that can be traded for profit.

All short term price spikes tend to be caused by human emotion and can be traded for profit.

So what do you need to be careful of?

While human nature is constant and technical analysis works, it cannot be reduced to a science:

It still remains an art and although charts can give you reliable patterns they do not:

Always allow you to win.

They will however put the odds in your favor and allow you to trade with the odds on your side.

Technical Analysis is an odds game

Just as the penalty kicker in football does not score every goal, you won’t win every trade.

But, just like the skilled penalty kicker you will score (win) more times than you lose if you practice your art.

Technical analysis is simply, an art that you can use to put the odds in your favor.

Monday, December 1, 2008

ForexGen | Financial Forex Market

Financial Forex market can help you earn that extra cash if you are ready to devote your time and effort in studying the market thoroughly. Following a solid system and selecting reliable software are the keys to success in the financial forex market. You can make use of automated trading system that lets you know exactly when to start and stop trading. You need to ensure whether the software offers enough security to prevent any loss.

If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.

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

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

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

For more information about our current and future [promotions], kindly contact one of our customers support agents at promotions@forexgen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it , or you can talk with one of our representatives on the live chat.

ForexGen | Forex Market Can Help You

There are many ways one can earn money. Trading is one among them. Commodity trading and stock trading may be profitable. Yet if you want to earn that extra cash, Forex market can help you. Forex market operates 24 hours a day and is the largest financial market in the world. The financial transactions that take place in this market amounts to trillion of dollars everyday. Many people consider this market to be a lucrative opportunity and they even quit their regular jobs to get a better career here.

Forex market does not have any centralized location. With its nature of liquidity comes extra risk. A detailed knowledge about money movements can help you trade successfully. If you do not have any experience in this field, then you can rely on latest technologies to be successful in this market. There are some software programs that help you analyze the market in real time. This in turn enables you to take right decisions and to earn that extra cash. You need to have a latest computer with fast internet access. This helps you avoid lags in price updates.

[ForexGen Demo Accounts Contest]

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

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

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

Wednesday, November 26, 2008

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.

Monday, November 24, 2008

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.

Think practically, start quietly, trade professionally, and win ultimately.

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?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

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

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.