FOREX: indicators

Showing posts with label indicators. Show all posts

Tuesday, December 2, 2008

Technical Analysis – How to Use it for Big Profits:

Technical Analysis is the most effective way to make money

, 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.

Friday, March 14, 2008

Premium Account In Forexgen

Premium Account

Min Acc. Size $ : 50.000

Rec Acc. Size : 100,000

Max Acc. Size $ : n/a

Swap/Comm : n/a

Lots Available : stand-mini

Lot Size : 100,000 unites for standard lot and 10,000 unites for mini lot

Leverage : 1:50

Trading symbols : 24 major and cross forex spots+ silver and gold

Spread Majors : Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY)

Spread Crosses : Fixed (3+ pips spread)

Pip Value for spots : $10 Per Pip-standard lot and $ 1-mini lot

News & Charts on platform : Yes

Lot Margin : $ 1000-standard lot and $ 100- mini lot

Trading execution : Dealing Desk Enabled, OTC execution

Name:
Forex Gen

Websites:
http://www.forexgen.com

Contract Specifications With Forexgen

Contract Specifications

• ForexGen is specialized in dealing spots, future and stocks; our clients can trade gold, silver, currencies spots and futures.

• For faster, more efficient and successful trading, ForexGen provides the result of online trading experience performed in ForexGen Trading Station which allows our clients to trade live streaming prices without a request for quote and with low spread forex trading.

• ForexGen's dealing room operates 24 hours a day from Sunday 23:00 CET until Friday 23.00 CET.

• The minimum amount to open an account is $250 USD.

• Lot is a predefined amount of a currency.

Important notice: all defined spreads above are targeted spreads, in volatile market situations and in important news or announcements, the above mentioned spreads can be increased for any pair. ForexGen reserve the right to change the values mentioned above at any time for any reason; a notification e-mail shall be sent to all clients to acknowledge any change in the contracts specifications.

How to trade Mini and Micro Lots
All ForexGen clients have the possibility to trade Mini and Micro Lots. The minimum amount clients can trade in Standard Account is 0.1 lot, i.e. 10,000 of the base currency (Mini Lot), The minimum amount clients can trade in Mini Account is 0.1 lot, i.e. 1,000 of the base currency (Micro Lot).

SWAP-FREE ACCOUNTS
ForexGen offers the swap-free accounts. Currency swaps will not apply to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn. ForexGen will invoke this right in case of suspicion of abuse.

Stop, limit Order Execution
Our dealing room always tries to execute top orders (sell stop, buy stop, sell limit and buy limit) at the indicated price unless in the market gaps where price changes at a sudden and it is impossible to fill you with the price that initially requested.
Our dealers always try to fill you at the best price that can be achieved.

Streamline Dealing
ForexGen's clients buy and sell without a request for quote and that means ForexGen provides streamline dealing and tries hard to avoid requotes.
When clients try to take advantage of a wrong price quotes in the Market Watch, requotes take place.

Phone Dealing
ForexGen's dealing room operates 24 hours a day from Sunday 23:00 CET to Friday 23:00 CET, with consider to the Future currencies time
To trade by phone, the minimum amount for the client can trade by 10 lots (i.e. 1,000,000 of the base currency).
However, in the unlikely event of a breakdown of the ForexGen's online trading system, there are no minimum requirements for trade by phone.
ForexGen provides a high level of clients' security; the client has to state his/her password every time s/he trades by phone.

Margins

The margin or leverage a client can have depends on the client's account equity.