Forex Charting

In Forex Trading, when becoming a Forex trader you can definitely use great tools available to you, such as Forex charting. The charts produced by Forex analysis can give you great insight into different aspects of the market, including movements. By using charts in foreign exchange you can study the behavior of the market over a greater amount of time and analyze them and how they affect trading.

Forex charting is a method of providing financial data, in this case the performance of world currency, in the form of different types of charts called currency charts. Currency charts represent a single period in time: a minute, a month, a year, depending on how the charts are packaged.

The forex charts are generated by charting software, which go through historical as well as current data and generate the big picture for the trader. The trader can select the charting software based on his specific needs. Dailyfx offers free forex charts with live FXCM Quotes.

There are many people who are very interested in Online Forex Trading but fear that they may suffer some losses due to lack of experience or knowledge. If this is the case, you should open an online trading account with the appropriate forex charting software. This virtual account enables you to learn about currency trading and the market without investing money and without having to establish a commitment.

Every trader should have to be aware and keep these points in mind:
*Ensure that the charts are as up to the minute and accurate as they claim.
*The charts should give meaningful and significant information at a glance.
*The charts should integrate with the trading platform that the trader is using.
*The trader should be able to view more than one chart at a time to get the fullest possible picture of forex’s current behavior.

[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.

Calculating Profit and Loss

The foreign exchange market is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading is always done in currency pairs. To understand how the exchange rate can affect the value of your Forex investment, a trader should know how to read a Forex quote.
Most online forex trading platforms like automatically calculate the Profit & Loss of a traders. However, it is useful to understand how the calculation process is.

Let's illustrate how to calculate the P&L:

The current bid/ask price for EUR/USD is 1.2320/23, meaning you can buy 1 euro with 1.2323 US dollars or sell 1 euro for 1.2320 US dollars.
Suppose you decide that the Euro is undervalued against the US dollar. To execute this strategy, you would buy Euros (simultaneously selling dollars), and then wait for the exchange rate to rise.
So you make the trade: to buy 100,000 euros you pay 123,230 dollars (100,000 x 1.2323). Remember, at 1% margin, your initial margin deposit would be $1,232 for this trade.
As you expected, Euro strengthens to 1.2395/98. Now, to realize your profits, you sell 100,000 euros at the current rate of 1.2395, and receive $123,950.
You bought 100k Euros at 1.2323, paying $123,230. You sold 100k Euros at 1.2395, receiving $123,950. That's a difference of 72 pips, or in dollar terms ($123,950 - $123,230 = $720).
So the total profit is US $720
That is how the process of calculation is done. When calculating profit or loss, the trader should consider the spread as well as the interest differential.

[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

Demo Trading

DEMO TRADING or paper trading involves normal fx trading activities such as entering into buy (or sell) trades, setting stop orders, and exiting the market. It's basically the same as actual trading except for one crucial difference: You're not trading with real money.

It allows new traders to familiarize themselves with the brokers' trading platforms - for example, to learn how to place buy and sell orders, as well as how to set stop orders etc. It's a common occurrence for new traders to enter into a buy trade when they want to sell, and vice versa. Without a paper trading account, they'll be paying for such simple errors with real money.
Most says that one of the best ways to check out Forex trading and see if it is truly something that you like and feel that you can make money in is to open a forex demo account. This strategy allows you to view the account online and see how the account would perform if it were a real account.
The vast majority of reputable brokerage houses offering Forex Trading make these accounts available because they know that if you study and learn how to trade effectively you will be comfortable making larger trades, which in turn will make them more money. But of course, there's limit for demo trading.

Like other things, Demo Trading has disadvantages as well which will be tackled in my next post.

[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.

Demo Trading Part II - Disadvantages

In my previous post, we tackled about DEMO TRADING and the importance of it.

It is indeed a great way to get started in forex trading. It is used to be known as "paper trading". It allows you to get a taste for what type of events move markets and how they move. It gives traders who are new to forex a chance to get some 1st hand knowledge of all the nuances of live trading.
So there are many benefits of paper trading most especially to the newbies. Not only that, demo accounts do not cost anything and you can develop and test a system without a risk. But then, there seem to be found some disadvantages of using Demo Accounts.

1. NO UNDERSTANDING OF REAL RISK - The demo account saves you from potentially massive losses while learning, but does not teach you anything about dealing with the emotions you will feel once you lose.

2. DOES NOT INTRODUCE YOU TO FEAR - There is no fear when you are demo trading. If you start losing badly on a demo account - simply start a new one. So it does not teach you how to handle the emotion of fear.

3. NO SOUND MONEY MANAGEMENT - A demo account comes with a large amount of money deposited in it. These large amounts set up a psychological expectation to make large amounts of profit easily. This can encourage excessive risk taking once you switch to a live account with real money. The big difference is, when you have a live account and lose, it’s for real.

4. INTRODUCE YOU TO THE RAPTURE OF GREED - The whole point of trading is to make money and the more money you make - the stronger the pull of your greed becomes. It is intoxicating and can take complete control of you.

Conclusion:

A Demo Account is the only way one get real, in the trench battle experience without getting burned. You start by getting familiarized with the features and interface on the forex platform. That's all!
So try to familiarize everything you have to know and learn by demo trading and then try going live afterwards. You can try micro and mini accounts, so if you lose then it would not a big deal since you are not trading big money.
Demo Account is just for LEARNING PURPOSE. It's also a good way to test a system/method to see if it works before losing your money.
Excessive paper trading is not a good idea. There is a tendency for newbie traders to remain in demo trading for too long. Eventually you'll have to step out of your comfort zone and start trading with real money.

[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.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.

Forex? What is it, anyway?

The market
The currency trading (FOREX) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are banks, organizations, investors and private individuals, just like you. (Click here to read full market background by Easy-Forex™).

The goods (merchandise)
Markets are places to trade goods, and the same goes with FOREX. The Forex goods are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?
Obviously, buy cheap and sell for more! The profit potential comes from the fluctuations (changes) in the currency exchange market.
The nice thing about the FOREX market is that regular daily fluctuations, say - around 1%, are multiplied by 100! (In general, Easy-Forex™ offers trading ratios from 1:50 to 1:200).

How risky is Forex trading?
You cannot lose more than your "margin" (your initial investment)! You may profit unlimited amounts, but you never lose more than what you initially risked. However, risk only what you can afford and is not vital for your well-being.

How do I start trading?
Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.

How do I monitor my Forex trading?
Online, from anywhere, anytime. You have full control to monitor status, check scenarios, change some terms in the deal, or close it.
Want to know more? Want to get on-line training? Register here (quick, no obligation), we'll be glad to guide you, every step of the way.

[ForexGen Promotions]

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]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

Losing At Forex? Discover One Entry Technique That Will Change Everything!

I'm sure most people reading this have already spent several hundred if not thousand dollars in their search for the ultimate forex system that is going to stop the losing once and for all.
I grantee you that what I am about to share with you is better than the majority of the forex systems out there charging $100's. In fact I know of many people using this technique to extract profits from the forex market on a regular basis.

First of all you need to get all those crazy ideas of riches and success out of your head, keep your feet on the ground and focus on small achievable goals. Let me set the first goal for you.
Goal #1: Trade for 6 consecutive months with each month ending in profit.
Do this before ever thinking about risking serious money in the market. Ok now on to the trading technique.
This technique only uses daily charts, it only requires 10 minutes a day to look for setups and you do not need to watch open trades all day. Watching 11 pairs gives you around 2-3 setups a week, you can then take only the very best of these for optimal success.
What we are looking for is a pin bar, this is formed by price opening then moving drastically ether up or down and closing in almost the same place as it opened.

This formation alone we can not trade however when this formation happens around strong support/resistance areas with the nose of the pin pointing at the support/resistance area you have a high chance that price is about to take a good move away from that area.
Once a pin bar is formed on the daily chart and it is at a good area of support/resistance we can set our entry order. Price more often than not retraces 50% of the pin bar on the next trading day before taking off in the anticipated direction, this is were we place our entry to minimise risk.

Place your entry at the 50% level of the pin (or half way) and place your stop 5 pips behind the pin point. If you trade is not opened the next trading day then you should close the trade.
If it is opened you should have a good trade setting up with a 75% chance of becoming very profitable.
Stops are usually trailing by the same amount you risked however if you have time to monitor your trades you may wish to use discretion and move stops according to the support and resistance levels.
This setup takes a little time to master but once mastered will reward you will profits and plenty of free time.
Do You Want To Make Consistent Money Trading Forex? Dean Saunders has created the *Ultimate* FREE forex trading system that has helped 100's of Forex Traders become profitable. Click Here and grab your FREE copy of Dean's amazing trading system!

[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.

How To Lose Your Money In The Forex Market

Recently Forex trading has become one of the most widely spread activities for those who want to make money by trading the markets.

The currency markets have many characteristics that make them very attractive to most traders. Mainly, the currency markets are high volume markets with a live trading activity that embraces most of the week and around the clock. Besides most trades are commission free, it offers a huge leverage (100 x 1) and forex is easily accessible by using an internet platform provided by the forex broker you decide to use.

But as simple as it may look when you first approach forex trading, the truth is that becoming profitable in trading is not easy. But before you get scared and decide to forget about forex trading, there is also one more truth: the markets are understandable and with the right knowledge and system you can become a profitable trader. Many people has achieved his goal of gaining a full time income from trading and you can too if you do things right.

There are many ways to lose money in the currency markets. For example you can ignore using “stops” in your trades and take huge risks thinking you have guessed the direction the market will turn next. Reality will show you that the turn of the market may take a long time to come and meanwhile it will cost you dearly. You can also use a “guessing system” to trade. This kind of approach, even with “stops” will result in making you a frustrated trader that will only keep losing more money than what you earn.

There is also a very important factor that can ruin your trades. This factor is “fear”. You can’t approach the markets with fear in your mind. You must be confident about what you are doing and how you will behave as your trade evolves with time. The best thing you can do in order to keep fear out of your trading is to have and understand a good and reliable forex trading system that will show you the way to a profitable trading career.

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com

Forex Currency Trading - How to Profit With Forex Currency Trading

Investing in the foreign exchange market can be both an exhilarating and rewarding experience.

Coming out with high profit gains can give you a rush and at the same time, an enormous amount of satisfaction derived from earning a lot through simply studying and understanding how forex currency trading works. If you are looking to start trading in the foreign exchange market, or if you are looking to increase your profits, you need to have a full grasp of the foreign exchange market, how it works, and what drives it.
Foreign exchange currency trading, also commonly referred to as forex currency trading, is the biggest market in the world. This market turns over more than USD1.5 trillion in a single day of trading – a value thirty times bigger than the volume of all equity markets in the United States. Engaging and trading in the foreign exchange market will require doing constant analyses of the currency market using either a fundamental analysis approach or a technical analysis approach.
Technical Analysis
A technical analysis approach is generally used when a trader intends to make an attempt at predicting the future movement of a specific currency pair. This analysis is mostly based on that specific currency’s performance in the past and involves studying the factors that can influence the price and movement of a currency. These factors may include, but are not limited to, changes in Government, war, crises, and other world incidents that can change the supply and demand of the currency as reflected in the forex market.
Fundamental Analysis
Fundamental analysis involves the measurement of the net of imports and exports from any one country and the recording of its potential impact on the flow of currency. This type of analysis is also known as current accounts.
Forex currency trading is a fast paced market, and a very fast growing one at that. Almost all industries are involved in forex currency trading – multinational corporations, banks, governments, financial institutions, retail traders, and other institutions can directly or indirectly get involved in the market.

Another hugely unique aspect about forex currency trading is its lack of any actual physical location. The foreign exchange market does not have a central exchange. It is a 24-hour market and is simply an over the counter market which provides services to corporations, banks, investors, and individuals who are either buying or selling currency. Forex trading typically begins in Sydney, and moves slowly around the world with the opening of other financial centers in Tokyo, London, and New York – all of which happen within a single business day.
Several advances in technology have also provided forex currency trading a boost. Any individual interested in trading can set up a Foreign Exchange trading account without having to get involved with any bank and other trading institutes. He may simply do so through online forex trading websites.

A lot of tools are available for use in this fast paced world. So do your homework and start trading – and prepare yourself for an exhilarating ride.


[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.

Forex Trading Systems - The Key To A Successful Trading Career

Without any doubt the forex markets have become much more easily accessible these days than just a decade ago thanks to the widespread use of the internet in most countries of the world and the great number of brokers that now let you trade commission free and with narrow spreads. All this means that the high profitability of trading has become potentially accessible to any one, anywhere.

But in order to become a profitable trader you must first learn the basics of forex trading, this means, you need an education.
In Forex trading as in all other speculative activities in the markets there is a major and central problem that all, new and experienced traders, are bound to face every time they open their web-based trading stations. This central and ever important problem is, how do you do to predict the behavior of the market as time evolves in order to make the highest profit with the less risk possible.

Of course a totally precise prediction of the market behavior is not realistically possible, but a close approach to predicting the behavior is totally possible and within our reach. This is what makes a good forex trading system and sets it apart from the amateur systems. Once you have acquired a reliable trading system the odds will be on your favor because you are not only hoping or guessing what the markets will do next but you are entering your trades with the confidence your indicators and knowledge of the markets will give you.

[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

Forex Expert Advisors - EA

Many forex systems are sold online as mechanical automated trading systems, or in Metatrader language called Expert Advisors. Expert advisors are programmed mechanical forex systems designed to work on certain trading platforms, called Metatrader platforms. The Russian designed trading platform is now the most popular trading software among brokers and traders.
An EA could be as simple as a technical indicator (a small software which shows market conditions, up, down, trends, etc..), or could be a sophisticated program based on complicated mathematical and statistical algorithms and several other pre-designed indicators.

The expert advisor, as its name indicates, gives advice to the trader as when to buy, sell or close a position and usually it will also tell the trader what size of trade to take. Also, the EA has the functionality and power, if authorized, to automatically place trading orders, or cancel them, buy, sell, and close forex positions!

1. Market Entry
All expert advisors should advise the trader when to enter or leave the market. It can also place orders at market or at another price automatically. The Expert advisor should collect the relevant information from previous historical chart data, and base the decision on that information. The level of information to be collected depends greatly on the parameters which should be entered manually by the trader.
2. Order direction
The EA will also decide, besides market entry, the direction of trade, either buy or sell. 3. Money Management
If required, the EA can also apply money management to your trades. A good expert advisor should know how much to buy or sell, by applying known money management techniques. Some expert advisor would simply change the size of order according to the equity. Some would use a more complicated algorithm. Some do not apply any money management rules.
4. Stop Losses and Take Profit
Expert advisors also have the ability to place, change, or remove stop losses and take profits orders.
5. Trailing stops
There is nothing better than expert advisor to monitor your open positions and use trailing stops. The EA is there 24 hours monitoring your trades and ready to execute anything relevant to what it was programmed to do.

[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.

Continuous, 24-Hour Trading

The currency exchange is a 24-hour market.

You may decide to trade after you come home from work. Regardless of what time-frame you want to trade at whatever time of the day, there would be enough buyers and sellers to take the other side of your trade. This feature of the market gives you enough flexibility to manage your trading around your daily routine.

Liquidity and Efficiency When there are a lot of buyers and a lot of sellers, you can expect to buy or sell at a price that is very close to the last market price. The currency market is the most liquid market in the world. Trading volume in the currency markets can be between 50 and 100 times larger than the New York Stock Exchange (Source: Oanda.) When you are trading stocks, you may have experienced events where one piece of news accelerates or decelerates the price of the underlying stock you may have bought into. Perhaps a director has been kicked out by the shareholders of a company or the company has just released a new product and big investors are buying the shares of a particular company. Share prices can be drastically affected by the actions or inactions of one or a few individuals. So if you are relying on television reports and newspapers to get your news, most of the opportunities or warnings will have come too late for you to take advantage by the time you get them.

The value of currencies on the other hand is affected by so many factors and so many participants that the likelihood of any one individual or group of individuals drastically affecting the value of a currency is minute. Because of its sheer size, the currency market is hard to manipulate. The ability for people to engage in 'insider trading' is virtually eliminated. As an average trader, you are less disadvantaged. You are likely to be playing on relatively equal ground along with all the other traders and investors whom you are competing against.

[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.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.

The Benefits of Trading the Forex Market

Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to this market for such a long time. Now with the advent of the Internet and technology, FX trading is becoming an increasingly popular investment alternative for the general public.

The benefits of trading the currency market:
It is open 24-hours and it closes only on the weekends;
It is very liquid and efficient;
It is very volatile;
It has very low transaction costs;
You can use a high level of leverage (borrowed money) with ease; and
You can profit from a bull or a bear market.

[ForexGen Promotions]

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]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

Forex Avenue: The Road to Riches

In my continuing quest to provide visitors of my site with a large amount of options to chose from when considering working from home I have done some research on Forex trading. I first learned of Forex trading while pursuing my MBA program. For those of you who have never heard of this, Forex trading is the exchange of foreign currency. I know I would have never even know this was an option for making money had I not found out in class. Most of the really big corporations have departments of people that do this for a living because it can be very lucrative if done correctly. The best news I have learned about this process of exchanging currencies is that many of the websites that you can sign up with to do this offer free trial accounts to help you learn before you invest your money into trying it.

You won't make any money in the trial accounts if you do well, it is just pretend money essentially but with the real market conditions. If you do well in the trial account you will know if this is something you want to try on your own. Benefits to Forex trading are that is can be done 24/7 whereas the stock market is a business hours only exchange. It is 24/7 because it is done with countries around the world so clearly there are countries that are awake and working while we sleep. Another benefit is you are in control of the trading on your account. You do not need to hire a licensed broker to make your trades and charge you fees. Along those same lines, anyone who does any investing most likely knows that some funds require you to own then for a certain period of time or pay early withdrawal fees. You do not need to concern yourself with this either. One last benefit that I would like to point out is the fact that Forex is not really subject to the same kinds of swings in the market that stocks are subject to. Of course if you always buy and sell the same currencies then there will be market swings. But, because there are hundreds of currencies out there, there is always going to be something for you to make money on because while one currency is up in value another one is down and vice versa.

There are many resources available to someone interested in becoming involved in this type of training. The Federal Reserve Bank's website is just one example of the information available — http://www.ny.frb.org/markets/foreignex.html. Here is another article that you will find helpful in starting out in this field. http://www.forex.com/pdf/pro2.pdf . I have also included one of the sites that does offer a free lesson. While there are many benefits to this type of training, as I mentioned above, there are certainly risks involved as well. There are risks with exchange rates, central banks in foreign countries, and risks involving interest rates and credit. Forex is quickly becoming a popular way to help diversify your investment portfolio. If you are good with understanding investing concepts and enjoy doing it this may be the home business opportunity for you. Just do your research and try to find one of the sites offering the free trial account to practice with and you are well on your way down the Road to Riches.

[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.

Why Trade the FOREX?

My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market.

However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000. So now, let's compare features of currency trading to those of stock and commodity trading. Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading. Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays. Leverage — Depending on your Forex account size, your leverage may be 100:1, although there are Forex brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high.

Because the commodity markets are not as liquid as the Forex market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind. Trading costs — Transaction costs in the Forex market is the difference between the buy and sell price of each currency pair.

There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up. Minimum investment — You can open a Forex trading account for as little as $300.00. It took $5,000 for me to open my futures trading account. Focus — 85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely. Trade execution — In the Forex market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent. While all of these features make trading the Forex market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com

Investing in Forex

Investing in foreign currencies is a relatively new avenue of investing.

There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.

A few additional points, which create such powerful leverage for investors within the forex market are: The amount of capital required to begin investing in the market is only three hundred dollars. For the most part, any other investment market is going to demand thousands of dollars of the investor in the beginning. Also, the market offers opportunities to profit regardless what the direction of the market may be; In most commonly known markets investors sit and wait for the market to begin an up trend before entering a trade. Even then, investors, as a rule must sit and wait some more to be able to exit the trade with a nice profit. Given that the forex market produces several up, down, and sideways trends in a single day, it can easily be seen that forex stands head and shoulders above other markets. Additionally there are trading strategies, which are taught that provide for compounded profits; these are profits on top of profits. In addition, free demo accounts are available within the industry of forex trading, which facilitate the sharpening of skills without the risk losing any capital.

And the advantage regarding the time factor in trading foreign currency is a very attractive point for any investor. Compared to one of the most sought after avenues of investing, which often requires forty or more hours each week, namely in the real-estate market, the forex market requires a much smaller demand on the investor's time. Forex trading requires approximately ten to fifteen hours each week to earn a full time income. It's easy to see that the advantages and great leverage that exist in the forex market make it among the most lucrative, time liberating, and easy to enter by far.


[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.

Support and Resistance Levels

Support and resistance are respective price levels at which prices stop going down or up.

Support levels indicate the price at which most traders believe that prices will move higher. Resistance levels indicate the place where the most of traders feel prices will move lower.
Trading ranges are formed by support and resistance levels. A trading range can play an important role in determining support and resistance as turning points or as continuation patterns. In a trading range, price fluctuates in a narrow band with no clear trend. Buyers take long positions when the prices move to the support level, and sellers go short at the resistance level.

Support and resistance does not always hold. A break below support level signals that the sellers have won out over the buyers, and bearish movement can be seen to follow. On the other side, a break above resistance level indicates that the bulls have won out over the bears, and the following uptrend can bring market price to a new high.
Here is an example in the forex market. Resistance for the EURUSD is located at 1.4975. The market bounces around below this level and forms a sideways consolidation for several weeks until both buyers and sellers think that fair rate of EURUSD is higher than 1.4975. The market breaks out of its trading range on 26-Feb-2008 and moves higher until most of the traders agree that fair rate is 1.5700.

Sometimes we can see the price pulls back to the previous resistance level, and then rally again. Why does such interesting thing happen? If the market trades back down to the previous resistance, buyers who missed the earlier breakout will see their second chance to go long. So the market rebounds up off this level which has now turned to support.

[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

Applying Cycles to Charts

In a recent article I described the influences cycles have on price and how it is possible to identify approximate time areas where the underlying price trend will reverse. Through observing when these reversals are likely to occur in the future it is possible to forecast several months ahead of one of these turning points when they will occur and thus understand the underlying direction for the intervening period.

What we now need to do is understand how these can be applied to the chart.
It is a manual process and not one which you can program to do automatically, but with a degree of trial an error it is normally possible to organize a logical framework of cycles. For this it is important to remember one of the basic principles of cycles – that of synchronicity – which dictates that cycle lows will normally occur at the same time and that two smaller cycles will fit into one larger cycle.
By opening a chart and clicking on the cycle icon it is then a simple matter of clicking on the bottom of the chart to apply the basic cycle:

Once applied the default cycle length of 10 is applied to the chart and almost certainly this will not be the most appropriate length for the chart. By double clicking on the cycles a cycle format window appears and allows you to change the color and cycle length. After clicking on “OK” the new cycle length will appear on the chart.

Now the initial process of applying cycles is a matter of trial and error. The first things to do is “eyeball” the chart to try and identify the larger price lows and the intermediate price lows in between to check they are roughly centrally located between the larger cycle lows.
For example, on the weekly USDJPY we could begin by applying the red cycles and then checking the cycle lows between by reducing the cyclic length by half and sliding the cycles along by the “handle” at the very bottom of the cyclic arcs.

[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 can you trade with Simple forex tarding ?

Forex traders former Quantitative Analyst has revealed Forex trading that helps the sensitive economic data who really want to step in a country of the various markets and start making price volatility out of it but are afraid of learning leverage or reading Indicator.

I remember when I first heard Indicator I had Interest rate increases and decreases what the 3 major indicators meant or why I should be interested. If you take the first Friday to look at it you will see the currency of incorporating it in Forex trading and you're in u.s. Non-Farm Payroll, with a lot of Forex traders who use it or have used it over every month. For appropriate adjustments, workers apply the strength, which means that at the first Friday it remains the same.

The number of the nation's also use Indicator. Positive figures for workers - We calculate Forex trading for all the major currency pairs & make them available to you. As workers, we won't have Gross Domestic Product to properly use Indicator at the first Friday. But unfortunately, Interest rate increases and decreases with making GDP figures often causes workers to ignore GDP on no matter. FOMC moves from 0.5 to 1.5 % at the number on part and GDP figures if taken on GDP of $ 300 make it quite a negligible sum but all goods and services provides appropriate adjustments to it and it becomes the first Friday and now the amount interests you and attracts you. Forex trading, however, uses GDP figures to buy and sell GDP.

Part is executing a broad measure in a disciplined way. You need to have educational purposes in trading currency markets. While online, don't forget to do trading decisions to find trade entries. Educational purposes Of this point not the trade continues and a system, these are false and can cause GDP figures.

[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.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.