ForexGen LLC is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen LLC provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
ForexGen LLXserves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.
Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
The ForexGen LLC services are all controlled by the international banking and financial regulatory standards. ForexGen LLC is continuously providing the Forex market’s safest trading terms & conditions. Providing professional currency trading services that meet our client’s expectations is our first priority.
ForexGen principals:
ForexGen LLC customer satisfaction is our major objective. To reach our business goals, we strive to put our client’s goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.
The ForexGen’s provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer’s confidentiality. ForexGen LLC is continuously providing the market’s most competitive conditions.
ForexGen LLC complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).
Profile regulatory information
ForexGen LLC is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.
According to the Federal Trading Commission (FTC) and Commodity Futures Trading Commission, all financial institutions are obligated in conformity with the anti money laundering laws (AML) that control money laundering and maintain the integrity and security of the international banking and financial institutions. ForexGen is regulated by the international authorities against money laundering and in full compliance with the International Laws.
This is the reason why our customers have to provide us with identifying documentation and the documents proofing the origin of their funds in order to secure that the funds that ForexGen LLC will receive are fully and legally originated according to the European Trading Commission and the European Anti-Fraud Office.
As the international banking standards imply, we preserve all the customer’s account information both personal and financial. Our target is to achieve our principal goal, which is gaining the customer’s confidence and reach to the maximum satisfaction level.
ForexGen LLC state-of-the-art encryption and confirmation rules and certification ensure that every trader’s contract is verified and secured.
Wednesday, March 19, 2008
Benefits of Forex Trading with ForexGen
Forex offers great investment opportunities for those wishing to diversify their portfolio. Forex benefits and advantages are many. Here are some of the main reasons why more and more corporate and individual investors choose to trade forex:
• No Commissions, Small Transaction Costs: This is probably one of the most attractive forex benefits. Indeed, when you trade forex, you are not charged any fees or commissions on your deals. The way it works is that brokerage firms get paid through spreads (the difference between the bid and the ask price). This allows for extremely low transaction costs. Thanks to its large number of clients and to the large volume and capital traded through the platform, ForexGen offers very competitive spreads on the main currency pairs.
• Leverage Trading: High Returns with Relatively Small Deposits. this means that even if traders deposit a small amount of money, they can actually trade with a much bigger contract value. ForexGen offers a 200 to 1 leverage. If you make a $100 margin deposit, you can actually trade $20,000 worth of currencies. With a $1,000 margin deposit, you can buy or sell $200,000 worth of currencies. However, you must keep in mind that if leverage allows for substantial profits, it also can lead to equally significant loss. One of the chief forex benefits can thus become a major liability. That's why you need to figure out your own risk management policy before you start trading.
• High Liquidity: This refers to the forex market's ability to quickly convert or liquidate deals through buying or selling and without causing a significant price movement. The high liquidity of the forex market is mainly due to the large volume of currencies traded around the world. That way, currencies are exchanged instantaneously, 24 hours a day and with minimum loss value, since the next trade is usually executed at the same price as the last one. In the forex market, there are always plenty of ready and willing buyers and sellers.
• Open 24 hours a day: The forex market is open 'round the clock, 5 days a week, from Sunday 5 pm EST to Friday afternoon 4 pm EST. This is due to the fact that there is an overlap of different time zones and that there is no physical central exchange that opens and closes at a particular time. Forex works through a global electronic network of corporations, banks and individuals. When you hear that a certain rate closed at particular price, this refers to the price at market close in London or elsewhere. However, unlike securities, currencies are still traded somewhere else in the world. The global scope of currency trading, as well as the high demand for currency, implies that there are always investors somewhere who are willing to buy or sell currencies. This also allows traders to trade on a part-time basis, meaning that they can choose to trade whenever they want.
• No Commissions, Small Transaction Costs: This is probably one of the most attractive forex benefits. Indeed, when you trade forex, you are not charged any fees or commissions on your deals. The way it works is that brokerage firms get paid through spreads (the difference between the bid and the ask price). This allows for extremely low transaction costs. Thanks to its large number of clients and to the large volume and capital traded through the platform, ForexGen offers very competitive spreads on the main currency pairs.
• Leverage Trading: High Returns with Relatively Small Deposits. this means that even if traders deposit a small amount of money, they can actually trade with a much bigger contract value. ForexGen offers a 200 to 1 leverage. If you make a $100 margin deposit, you can actually trade $20,000 worth of currencies. With a $1,000 margin deposit, you can buy or sell $200,000 worth of currencies. However, you must keep in mind that if leverage allows for substantial profits, it also can lead to equally significant loss. One of the chief forex benefits can thus become a major liability. That's why you need to figure out your own risk management policy before you start trading.
• High Liquidity: This refers to the forex market's ability to quickly convert or liquidate deals through buying or selling and without causing a significant price movement. The high liquidity of the forex market is mainly due to the large volume of currencies traded around the world. That way, currencies are exchanged instantaneously, 24 hours a day and with minimum loss value, since the next trade is usually executed at the same price as the last one. In the forex market, there are always plenty of ready and willing buyers and sellers.
• Open 24 hours a day: The forex market is open 'round the clock, 5 days a week, from Sunday 5 pm EST to Friday afternoon 4 pm EST. This is due to the fact that there is an overlap of different time zones and that there is no physical central exchange that opens and closes at a particular time. Forex works through a global electronic network of corporations, banks and individuals. When you hear that a certain rate closed at particular price, this refers to the price at market close in London or elsewhere. However, unlike securities, currencies are still traded somewhere else in the world. The global scope of currency trading, as well as the high demand for currency, implies that there are always investors somewhere who are willing to buy or sell currencies. This also allows traders to trade on a part-time basis, meaning that they can choose to trade whenever they want.
Trading with ForexGen
ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient. Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers. ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.
• ForexGen LLC is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.
• ForexGen LLC is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.
• At ForexGen LLC filling the orders is instantly and accurate without difference between the quoted price and the execution price. In addition, Provided Stops and limits have no slippage. Generally we assure and guarantee that under all situations except the most unexpected volatile condition.
• The bid and ask prices usually modified, to buy the client's ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don't allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.
• ForexGen LLC Advanced trading tools are at the client's reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.
• TRADING LIMITATIONS.
ForexGen LLC at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LLC, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LLC has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LLC if Customer is required to file any reports on positions.
ForexGen LLC preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties. This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.
ForexGen LLC Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:
- Illegal pip hunting.
- Illegal scalping.
- Multi IP login at the same time.
- Suspicious hedging of the same currency.
- Harmful strategies.
- Expert Advisor that are not approved by ForexGen.
- Security threatening activities.
- Any other hostile activities that threatens ForexGen, its customers, business partners and counter parties.
ForexGen LLC risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension.
• ForexGen LLC is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.
• ForexGen LLC is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.
• At ForexGen LLC filling the orders is instantly and accurate without difference between the quoted price and the execution price. In addition, Provided Stops and limits have no slippage. Generally we assure and guarantee that under all situations except the most unexpected volatile condition.
• The bid and ask prices usually modified, to buy the client's ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don't allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.
• ForexGen LLC Advanced trading tools are at the client's reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.
• TRADING LIMITATIONS.
ForexGen LLC at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LLC, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LLC has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LLC if Customer is required to file any reports on positions.
ForexGen LLC preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties. This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.
ForexGen LLC Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:
- Illegal pip hunting.
- Illegal scalping.
- Multi IP login at the same time.
- Suspicious hedging of the same currency.
- Harmful strategies.
- Expert Advisor that are not approved by ForexGen.
- Security threatening activities.
- Any other hostile activities that threatens ForexGen, its customers, business partners and counter parties.
ForexGen LLC risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension.
Different 5 Accounts with ForexGen
Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250.
ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn.
Live Account Type
Mini Account Standard Account
Pro Account
Premium Account
No Dealing Account
Minimum Account Size $ 250 2500 5000 50.000 20.000
Recommended Account Size 1000 10,000 20,000 100,000 50,000
Maximum Account Size $ 2500 n/a n/a n/a n/a
Swap/commissions n/a n/a n/a n/a n/a
Lots Available mini-micro stand-mini stand-mini stand-mini stand-mini
Lot Size 10,000 unites for mini lot and 1000 unites for micro lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot
Leverage From 1:200 up to 1:500 1:100 1:100 1:50 1:100
Trading symbols 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold
Spread Majors Fixed 2 pips spread Fixed 2 pips spread Fixed 1 pip spread in 10 pairs (EURUSD,USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY) Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY) By market
Spread Crosses Fixed (3+ pips spread) Fixed (3+ pips spread) Fixed (3+ pips spread) Fixed (3+ pips spread) By market
Aprox. Pip Value for spots $1 Per Pip -mini lot and $ 0.1- micro lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot
News & Charts directly on platform Yes Yes Yes Yes Yes
Lot Margin ($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500 $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot
Trading execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution NDD (sells and buys by market)
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.
Account Size
The minimum amount required for opening a ForexGen Live trading account is $2,500 for standard Account and $250 for Mini Account but the recommended minimum investment size is $10,000 for standard Account and $1,000 for Mini Account. That is because of the high leverage and the extremely volatile nature of the Forex market.
Trade Size
All trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen trading platform. There is no maximum trading volume on the ForexGen trading platform.
Pip/Tick Value
Trading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.
Margin Requirement
Guaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.
Spread
All spreads are fixed intra-day and night and ForexGen maintains fixed spreads during normal market conditions.
Dealing Spreads
(Standard & Mini Accounts Only)
Currency Pair Spread Currency Pair Spread
EUR/USD 2 pips EUR/CHF 2 pips
USD/JPY 2 pips EUR/CAD 7 pips
USD/CHF 3 pips EUR/AUD 6 pips
USD/CAD 3 pips GBP/JPY 7 pips
GBP/USD 3 pips GBP/CHF 6 pips
EUR/JPY 3 pips CHF/JPY 2-4 pips
AUD/USD 2 pips AUD/CAD 10 pips
NZD/USD 5 pips AUD/JPY 5 pips
EUR/GBP 2 pips AUD/NZD 10 pips
NZD/JPY 6 pips
ForexGen also offers a "No Dealing Desk" execution option which does not provide fixed spreads or guarantee regarding slippage. Clients are able to select this option at ForexGen's discretion.
Liquidation
Any depreciation occurring to a point of depletion of an entire balance in Forex account, will be liquidated automatically without any margin calls.
Fees
ForexGen customers enjoy trading without commissions, transaction fees, overnight performance fees or execution.
Overnight positions (swap)
ForexGen offers swap-free accounts. Swaps will not be applied to ForexGen accounts.
Deposit currency
Clients can select to fund their live accounts with USD or EURO.
Reporting
Complete and full detailed reporting about the account trading activities are generated 24 hours a day, 7 days a week.
Opening a live Account Online
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just minutes. Representatives are available 24 hours a day, 7 days a week.
ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn.
Live Account Type
Mini Account Standard Account
Pro Account
Premium Account
No Dealing Account
Minimum Account Size $ 250 2500 5000 50.000 20.000
Recommended Account Size 1000 10,000 20,000 100,000 50,000
Maximum Account Size $ 2500 n/a n/a n/a n/a
Swap/commissions n/a n/a n/a n/a n/a
Lots Available mini-micro stand-mini stand-mini stand-mini stand-mini
Lot Size 10,000 unites for mini lot and 1000 unites for micro lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot 100,000 unites for standard lot and 10,000 unites for mini lot
Leverage From 1:200 up to 1:500 1:100 1:100 1:50 1:100
Trading symbols 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold 24 major and cross forex spots+ silver and gold
Spread Majors Fixed 2 pips spread Fixed 2 pips spread Fixed 1 pip spread in 10 pairs (EURUSD,USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY) Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY) By market
Spread Crosses Fixed (3+ pips spread) Fixed (3+ pips spread) Fixed (3+ pips spread) Fixed (3+ pips spread) By market
Aprox. Pip Value for spots $1 Per Pip -mini lot and $ 0.1- micro lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot $10 Per Pip-standard lot and $ 1-mini lot
News & Charts directly on platform Yes Yes Yes Yes Yes
Lot Margin ($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500 $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot $ 1000-standard lot and $ 100- mini lot
Trading execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution Dealing Desk Enabled, OTC execution NDD (sells and buys by market)
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.
Account Size
The minimum amount required for opening a ForexGen Live trading account is $2,500 for standard Account and $250 for Mini Account but the recommended minimum investment size is $10,000 for standard Account and $1,000 for Mini Account. That is because of the high leverage and the extremely volatile nature of the Forex market.
Trade Size
All trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen trading platform. There is no maximum trading volume on the ForexGen trading platform.
Pip/Tick Value
Trading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.
Margin Requirement
Guaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.
Spread
All spreads are fixed intra-day and night and ForexGen maintains fixed spreads during normal market conditions.
Dealing Spreads
(Standard & Mini Accounts Only)
Currency Pair Spread Currency Pair Spread
EUR/USD 2 pips EUR/CHF 2 pips
USD/JPY 2 pips EUR/CAD 7 pips
USD/CHF 3 pips EUR/AUD 6 pips
USD/CAD 3 pips GBP/JPY 7 pips
GBP/USD 3 pips GBP/CHF 6 pips
EUR/JPY 3 pips CHF/JPY 2-4 pips
AUD/USD 2 pips AUD/CAD 10 pips
NZD/USD 5 pips AUD/JPY 5 pips
EUR/GBP 2 pips AUD/NZD 10 pips
NZD/JPY 6 pips
ForexGen also offers a "No Dealing Desk" execution option which does not provide fixed spreads or guarantee regarding slippage. Clients are able to select this option at ForexGen's discretion.
Liquidation
Any depreciation occurring to a point of depletion of an entire balance in Forex account, will be liquidated automatically without any margin calls.
Fees
ForexGen customers enjoy trading without commissions, transaction fees, overnight performance fees or execution.
Overnight positions (swap)
ForexGen offers swap-free accounts. Swaps will not be applied to ForexGen accounts.
Deposit currency
Clients can select to fund their live accounts with USD or EURO.
Reporting
Complete and full detailed reporting about the account trading activities are generated 24 hours a day, 7 days a week.
Opening a live Account Online
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just minutes. Representatives are available 24 hours a day, 7 days a week.
ForexGen Promotions
Dear Valued Client,
ForexGen keeping the New Year special promotion which is 20 % bonus on deposit as result of our clients request to extend this offer for February
It has been a great experience and pleasure working with you throughout this year, which witnessed major achievements in the business of ForexGen.
This has been realized thanks to your valuable support and cooperation
In appreciation of our successful cooperation over the past year, our entire team wishes you Happy Holiday Season to you and to your dear ones. We sincerely hope that 2008 will be a year of accomplishments for your business.
May this festive Season and the coming Year bring you Good Health, Happiness and Prosperity!
In this occasion ForexGen would like to offer you 20% bonus on every deposit you will make till the end of January 2008 as a gift to help you staring your trading activities
For more information about ForexGen current promotions and offers we would like to invite you to attend our webinars which will be held daily every 4 hours
If you are interested to attend one of our webinars please send us a feedback on info@forexgen.com and we will provide you with more information, by attending a webinar you will be entitled for a free gift from ForexGen, please contact us at info@forexgen.com for more details
Accept our best wishes,
ForexGen Marketing Department
www.ForexGen.com
Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Account Type Free Cash Bonus
Mini Account 10% of your deposit
maximum $250
Standard Account 10% of your deposit
maximum $500
Open A New Live Account Now
To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
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.comincluding their "live Account Number".
By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:
First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit
(Profits will be added to the live account balance)
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.
Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives
You can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
Win Cash Prizes
ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.comincluding 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, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
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.
Click here to refer a friend
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can talk with one of our representatives on the live chat.
Also, you can request a call back from one of our agents stating the best time we can call you back.
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, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
ForexGen keeping the New Year special promotion which is 20 % bonus on deposit as result of our clients request to extend this offer for February
It has been a great experience and pleasure working with you throughout this year, which witnessed major achievements in the business of ForexGen.
This has been realized thanks to your valuable support and cooperation
In appreciation of our successful cooperation over the past year, our entire team wishes you Happy Holiday Season to you and to your dear ones. We sincerely hope that 2008 will be a year of accomplishments for your business.
May this festive Season and the coming Year bring you Good Health, Happiness and Prosperity!
In this occasion ForexGen would like to offer you 20% bonus on every deposit you will make till the end of January 2008 as a gift to help you staring your trading activities
For more information about ForexGen current promotions and offers we would like to invite you to attend our webinars which will be held daily every 4 hours
If you are interested to attend one of our webinars please send us a feedback on info@forexgen.com and we will provide you with more information, by attending a webinar you will be entitled for a free gift from ForexGen, please contact us at info@forexgen.com for more details
Accept our best wishes,
ForexGen Marketing Department
www.ForexGen.com
Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Account Type Free Cash Bonus
Mini Account 10% of your deposit
maximum $250
Standard Account 10% of your deposit
maximum $500
Open A New Live Account Now
To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
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.comincluding their "live Account Number".
By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:
First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit
(Profits will be added to the live account balance)
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.
Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives
You can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
Win Cash Prizes
ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.comincluding 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, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
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.
Click here to refer a friend
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can talk with one of our representatives on the live chat.
Also, you can request a call back from one of our agents stating the best time we can call you back.
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, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.
Money Manager with ForexGen
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with ForexGen:
• Providing three different commission sources.
• Weekly commission plan.
• Easy & fast commission withdrawals.
• Fixed percentage of the profits.
• P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
Individualized services:
ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:
• Up-To-Date RSS news feed.
• Lowest spreads in the Forex Market.
• Tremendous amount of Technical Indicator.
• Fast order execution.
An Example for one of the Money Manager’s bonuses:
Deposit Amount (US Dollars) Bonus Added to
$50,000 $1,500 Master Account
$100,000 $3,000 Master Account
$250,000 $7,500 Master Account
$500,000 $15,000 Master Account
$1,000,000 $30,000 Master Account
The most competitive trading conditions:
• 2 pips spread on six currency pairs.
• Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
• Leverages up to 1:200 for accounts up to $1 million US.
• Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
Benefits of being a Money Manager with ForexGen:
• Providing three different commission sources.
• Weekly commission plan.
• Easy & fast commission withdrawals.
• Fixed percentage of the profits.
• P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
Individualized services:
ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:
• Up-To-Date RSS news feed.
• Lowest spreads in the Forex Market.
• Tremendous amount of Technical Indicator.
• Fast order execution.
An Example for one of the Money Manager’s bonuses:
Deposit Amount (US Dollars) Bonus Added to
$50,000 $1,500 Master Account
$100,000 $3,000 Master Account
$250,000 $7,500 Master Account
$500,000 $15,000 Master Account
$1,000,000 $30,000 Master Account
The most competitive trading conditions:
• 2 pips spread on six currency pairs.
• Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
• Leverages up to 1:200 for accounts up to $1 million US.
• Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
White Label with ForexGen
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Full White Label
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.
Limited White Label
Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
• Streamline dealing with no request for quote for up to 200 lots (20 million).
• Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
• Constantly updated real time prices.
• Real time charts with the most common indicators.
• Daily account statement.
• Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
• Streaming news quotes provided by AFX News.
• An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.
Commission is paid out every month.
Individualized service
ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.
White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.
White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.
• A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
• ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
• Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
• ForexGen leverage could be 200:1 on standard accounts.
The margin requirements on all accounts are:
Account Equity (US Dollars) Initial Margin Maintenance Margin end of each weekday
(before 23:00 CET) Maintenance Margin on Friday at 23:00 CET & before holidays
Less than 25,000 0.5% No minimum required. Accounts are only stopped out at the stop out level. 0.5%
25,000 to 1,000,000 1% No minimum required. Accounts are only stopped out at the stop out level. 1%
1,000,000 to 5,000,000 2% 2% 2%
5,000,000 to 10,000,000 3% 3% 3%
Above 10,000,000 5% 5% 5%
Getting Started page
1. Send us E-mail for the application and information packet. whitelabel@ForexGen.com
2. Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
3. Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
4. Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month
Favorable trading conditions
• 2 pips spread on six currency pairs.
• Leverage of 200:1 leverage for accounts of up to $1 million US.
• Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
• The minimum account size is $2,000 US which allows trading of mini-lots.
ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Full White Label
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.
Limited White Label
Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
• Streamline dealing with no request for quote for up to 200 lots (20 million).
• Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
• Constantly updated real time prices.
• Real time charts with the most common indicators.
• Daily account statement.
• Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
• Streaming news quotes provided by AFX News.
• An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.
Commission is paid out every month.
Individualized service
ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.
White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.
White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.
• A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
• ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
• Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
• ForexGen leverage could be 200:1 on standard accounts.
The margin requirements on all accounts are:
Account Equity (US Dollars) Initial Margin Maintenance Margin end of each weekday
(before 23:00 CET) Maintenance Margin on Friday at 23:00 CET & before holidays
Less than 25,000 0.5% No minimum required. Accounts are only stopped out at the stop out level. 0.5%
25,000 to 1,000,000 1% No minimum required. Accounts are only stopped out at the stop out level. 1%
1,000,000 to 5,000,000 2% 2% 2%
5,000,000 to 10,000,000 3% 3% 3%
Above 10,000,000 5% 5% 5%
Getting Started page
1. Send us E-mail for the application and information packet. whitelabel@ForexGen.com
2. Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
3. Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
4. Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month
Favorable trading conditions
• 2 pips spread on six currency pairs.
• Leverage of 200:1 leverage for accounts of up to $1 million US.
• Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
• The minimum account size is $2,000 US which allows trading of mini-lots.
Introducing Broker with ForexGen
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.
• Instant order execution.
• No dealing desk.
• Low spreads.
• Free qualified forex charting .
• Real time streaming news.
ForexGen main focus is on our client's profitability and satisfaction which increase their online forex trading life time. At ForexGen the trader has the ability to spend most of the time controlling and performing their business rather than troubleshooting.
The most competitive trading conditions:
• 2 pips spread on six currency pairs.
• Leverage of 200:1 leverage for accounts.
• Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
• The minimum account size with a 250 US has the ability to execute a lot of trading lots.
Qualified and familiar multilingual platform!
• Streamline dealing with no request for quote for up to 20 million.
• The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
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.
• Instant order execution.
• No dealing desk.
• Low spreads.
• Free qualified forex charting .
• Real time streaming news.
ForexGen main focus is on our client's profitability and satisfaction which increase their online forex trading life time. At ForexGen the trader has the ability to spend most of the time controlling and performing their business rather than troubleshooting.
The most competitive trading conditions:
• 2 pips spread on six currency pairs.
• Leverage of 200:1 leverage for accounts.
• Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
• The minimum account size with a 250 US has the ability to execute a lot of trading lots.
Qualified and familiar multilingual platform!
• Streamline dealing with no request for quote for up to 20 million.
• The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
ForexGen New Announcements
"Liquidity providers' world wide chooses ForexGen!
A reliable source announced that many Liquidity Providers World Wide chooses ForexGen for its potential growing business, reliability and security, which also has been confirmed by many traders dealing with ForexGen.
ForexGen's representative declared that ForexGen ultimate goal extend behind investments reaching to winning its traders' confidence and trustworthy
Throughout the last 4 years ForexGen has succeeded in building bridges of trust among traders maintaining high profile and rank among other competitors in the economic world.
"ForexGen to go east: ForexGen has announced that China and the Far East is on its top priority"
ForexGen has proved to be one of the market leaders in today's world by having group of professional experts in the field of investments and economy
A source campus has announced that China and the Far East are on the top of ForexGen priority.
And to go on success, ForexGen claims that they are looking more forward to run their investments in Far East as well gaining more confidence of other countries.
"Gold traders are the winners on ForexGen Hall of Fame list"`
In the last 4 years ForexGen raised as a new market power in Forex market and among major market investors
Recently some announcements have been made stating that Gold traders are the winners on ForexGen Hall of Fame list
ForexGen representative stated that "ForexGen deal with variable trading options attracting people interest"
"Bank of Canada approves liquidity provider agreement to the favor of ForexGen"
Bank of Canada approves liquidity provider agreement to the favor of ForexGen" provided by a reliable source.
Adding that:
"This is actually a long step towards success, moreover this will ensure security of trading with ForexGen, and eventually increasing targeted customers actually"
By these liquidity providers' joining ForexGen continues the speaker:
"ForexGen liquidity will be increased and consequently their trading opportunities will be widening to hold more trades. Therefore, ForexGen assures all clients that there will be more chances for trading opportunities"
A reliable source announced that many Liquidity Providers World Wide chooses ForexGen for its potential growing business, reliability and security, which also has been confirmed by many traders dealing with ForexGen.
ForexGen's representative declared that ForexGen ultimate goal extend behind investments reaching to winning its traders' confidence and trustworthy
Throughout the last 4 years ForexGen has succeeded in building bridges of trust among traders maintaining high profile and rank among other competitors in the economic world.
"ForexGen to go east: ForexGen has announced that China and the Far East is on its top priority"
ForexGen has proved to be one of the market leaders in today's world by having group of professional experts in the field of investments and economy
A source campus has announced that China and the Far East are on the top of ForexGen priority.
And to go on success, ForexGen claims that they are looking more forward to run their investments in Far East as well gaining more confidence of other countries.
"Gold traders are the winners on ForexGen Hall of Fame list"`
In the last 4 years ForexGen raised as a new market power in Forex market and among major market investors
Recently some announcements have been made stating that Gold traders are the winners on ForexGen Hall of Fame list
ForexGen representative stated that "ForexGen deal with variable trading options attracting people interest"
"Bank of Canada approves liquidity provider agreement to the favor of ForexGen"
Bank of Canada approves liquidity provider agreement to the favor of ForexGen" provided by a reliable source.
Adding that:
"This is actually a long step towards success, moreover this will ensure security of trading with ForexGen, and eventually increasing targeted customers actually"
By these liquidity providers' joining ForexGen continues the speaker:
"ForexGen liquidity will be increased and consequently their trading opportunities will be widening to hold more trades. Therefore, ForexGen assures all clients that there will be more chances for trading opportunities"
Why Trade Forex with ForexGen
As you probably know, choosing an online broker is the first challenge you are faced with when considering trading forex online. Well, you've come to the right place! With ForexGen, you can rest assured; you are in the best of hands! There are many reasons why trade forex with ForexGen. One of them is that we are always ahead of the competition by constantly adding new products and upgrading our online trading platform for better performance and ease of use. Very few forex brokers offer the level of reliability and professionalism that characterize ForexGen. In fact, no other forex broker will attend to you like we do. It is important for us that you feel comfortable trading forex and other financial products on our system and that you feel you can trust us: that's why our business practices are based on values such as excellence, reliability and proficiency. Those ForexGen Values are at the core of our company's identity.
When you start trading with ForexGen, you won't want to trade anywhere else. And this is because we offer products and service of the highest quality in a secure and user-friendly environment.
When you start trading with ForexGen, you won't want to trade anywhere else. And this is because we offer products and service of the highest quality in a secure and user-friendly environment.
Education Program with ForexGen
ForexGen, in cooperation with E-market online, a leading online forex learning center, presents a series of online forex courses designed to guide beginners through the competitive world of Forex trading. This comprehensive, step-by-step approach to foreign exchange provides students with in-depth information, proper training, and useful resources - all the tools necessary for profitable trading.
With ForexGen, forex learning comes together with practicing: as students learn more about forex, they will be invited to put their knowledge into practice and put their skills to the test – all with no risk of course. Indeed, there is no better way to enter the forex market than through the ForexGen Demo Platform. As you absorb the information you will have learned, we will teach you how to trade and how to invest smartly on the FX market, in real market conditions. From the basics of forex to advanced trade orders and trading strategies, our learning programs will teach you the skills that make a good trader.
Main topics addressed in our forex courses
• Forex market introduction: Learn the particularities of the foreign exchange market and how forex fits in the greater world of finance.
• Trading strategies and tools: See how you can combine different trades and what trading tools you may use.
• Types of deals: Find out about various forex market orders.
• Fundamental and Technical Analysis: Interpreting graphs and economic data to make market predictions.
• The Fibonacci correction: One of traders’ favorite technical indicators for identifying and predicting market trends.
• Guide to online trading: How to start trading over the Internet.
• Trading psychology: Adrenaline, impulses, and trading profiles – what kind of trader are you?
• Money and Risk Management methods: One of the main aspects of speculation consists in increasing your chances for profit while reducing your chances for loss. Find out how.
• What makes a champion trader: The do’s and don’ts of online trading.
Why such an education is important?
The main appeal of forex trading is that it can become a very lucrative source of profit. There is, however, a downside: it can also lead to substantial losses. Unfortunately, traders who rush into deals without a solid training – and they are numerous – are bound to burn. So why learn the hard way? With ForexGen's online forex courses, you acquire all the skills that make a successful trader. Forex learning was never so easy!
With ForexGen, forex learning comes together with practicing: as students learn more about forex, they will be invited to put their knowledge into practice and put their skills to the test – all with no risk of course. Indeed, there is no better way to enter the forex market than through the ForexGen Demo Platform. As you absorb the information you will have learned, we will teach you how to trade and how to invest smartly on the FX market, in real market conditions. From the basics of forex to advanced trade orders and trading strategies, our learning programs will teach you the skills that make a good trader.
Main topics addressed in our forex courses
• Forex market introduction: Learn the particularities of the foreign exchange market and how forex fits in the greater world of finance.
• Trading strategies and tools: See how you can combine different trades and what trading tools you may use.
• Types of deals: Find out about various forex market orders.
• Fundamental and Technical Analysis: Interpreting graphs and economic data to make market predictions.
• The Fibonacci correction: One of traders’ favorite technical indicators for identifying and predicting market trends.
• Guide to online trading: How to start trading over the Internet.
• Trading psychology: Adrenaline, impulses, and trading profiles – what kind of trader are you?
• Money and Risk Management methods: One of the main aspects of speculation consists in increasing your chances for profit while reducing your chances for loss. Find out how.
• What makes a champion trader: The do’s and don’ts of online trading.
Why such an education is important?
The main appeal of forex trading is that it can become a very lucrative source of profit. There is, however, a downside: it can also lead to substantial losses. Unfortunately, traders who rush into deals without a solid training – and they are numerous – are bound to burn. So why learn the hard way? With ForexGen's online forex courses, you acquire all the skills that make a successful trader. Forex learning was never so easy!
Lowest Spread with ForexGen
If we take no commissions or fees, then how are we compensated for our brokerage services, might you ask? The answer is: the spread. As you may have noticed, a currency pair quote comes with two displayed rates for instance, GBP/USD 2.025/2.028. Those refer respectively to the bid price (the rate at which you may short sell the pair) and the ask price (the rate at which you may buy the pair). The spread is the difference between those two rates. The tighter the spread, the more advantageous it is for you. ForexGen offers spreads as low as 1 pip on the main currency pairs. ForexGen is able to offer such tight spreads thanks to the huge capital traded by its clients each day and the excellent inter-bank conditions thus negotiated.
24hrOnline Forex Trading With ForexGen
With a volume of $3 trillion traded each day, the foreign exchange market is the largest financial market in the world. While Forex trading was once the exclusive domain of banks and large financial institutions, the rise of Internet technology has made it accessible to all types of investors including individuals with small investment capital. As word of its substantial and quick potential profits is spreading, online forex trading is becoming more popular each day.
Through online currency brokers such as ForexGen, traders can now buy and sell currencies in one mouse click and with no commissions or fees. Online forex trading allows you to take advantage of market fluctuations – even small – in various currency rates. At ForexGen, you get free access to topnotch tools which will help you predict market direction and place your orders.
Through online currency brokers such as ForexGen, traders can now buy and sell currencies in one mouse click and with no commissions or fees. Online forex trading allows you to take advantage of market fluctuations – even small – in various currency rates. At ForexGen, you get free access to topnotch tools which will help you predict market direction and place your orders.
Trading on Margin with ForexGen
The key to FOREX popularity is margin. Without margin, the FOREX would be beyond the reach of the average investor. So, what exactly is margin and how does it work?
Margin accounts allow FOREX traders to control large amounts of currency with a relatively small deposit.
Establishing a margin account with a FOREX broker enables you to borrow money from the broker to control currency lots which are usually worth $100,000. The amount of borrowing power your margin account gives you is the leverage. Leverage is usually expressed as a ratio – a leverage of 100:1 means you can control assets worth 100 times your deposit.
What this means in FOREX is that with a 1% margin account you can control standard lots of $100,000 with a $1,000 deposit. Trading on margin increases both profits and losses, and the potential exists for the trader to lose more than his original deposit. With proper safeguards, however, loss can be limited, and usually brokers will terminate a transaction that extends beyond the margin deposit.
Benefits
As we mentioned above, trading on margin gives you more buying power and the potential for more profits (and losses). How does this work, exactly? A 1% margin account allows you to control a currency lot of $100,000 for $1,000. When dealing with $100,000 small changes in the price of the currency can result in large profits or losses.
FOREX currencies are traded in much smaller units than cash. The American dollar, for example, is traded in units down to 4 decimal places. Instead of $1.32 FOREX quotes are seen as $1.3256. The smallest unit in FOREX currencies is called the pip, and when you have a $100,000 each pip of your total lot is worth $10 (when trading American dollars).
If the price of American dollars changes from 1.3256 to 1.3356, that's a difference of 100 pips which represents a profit or loss of $1000. Without margin, if you had $1000 of currency, the price change from 1.3256 to 1.3356 represents a difference of $10. Significant to the tourist, perhaps, but not the investor.
So the benefit of margin is increased profit potential.
Risks
As there is increased profit potential, there is also increased loss potential. If you are not careful, your entire margin account could quickly be wiped out. If your margin account is 1% and the currency moves just one cent against you, you lose $1000.
FOREX trading, however, has several methods to limit loss. Stop loss orders automatically close your position if the value of the currency crosses a pre-determined point. Stop loss orders allow you to limit your losses to a specified amount while still allowing potential profit taking.
An often overlooked risk is the possibility that your broker may close your position if your potential losses approach the balance of your margin account. You may be riding out a down trend with the expectations of a market reversal, but unless you replenish your margin account you may find your position has been closed. If this happens, you lose all of your margin.
For example:
You sell EUR/USD at 1.2144 (sell 100,000 euros and buy 121,440 US dollars) with the expectation that the euro will fall in price. You have a 1% margin account which means the required margin is $1,214.40. You have $1250 in your margin account, so to enter this position your margin account is left with $35.60.
You have not specified a stop loss order, and after you enter this position the euro suddenly rallies, gaining 0.0263 for a price of 1.2407. 100,000 euros are now worth US$124,070 and your 1% margin requirements have risen to $1,240.70. Depending on the policy of your broker, your position may be automatically closed or the extra funds in your margin account may be used to make up the difference. In any case, if the euro continues to gain value and you wish to ride it out (bad idea) you will have to add more funds to your margin account or risk losing everything.
Another example:
You buy USD/CHF at 1.2623 with the expectation that the US dollar will gain against the Swiss franc. You buy a standard lot of 100,000 American dollars for 126,230 Swiss francs with a margin requirement of 1% or $1,000.
As expected, the US dollar rises to 1.2683 at which point you close your position. You sell 100,000 American dollars for 126,830 Swiss francs for a profit of 600 francs or US$473.08 (600 francs divided by the exchange rate of 1.2683).
Margin accounts allow FOREX traders to control large amounts of currency with a relatively small deposit.
Establishing a margin account with a FOREX broker enables you to borrow money from the broker to control currency lots which are usually worth $100,000. The amount of borrowing power your margin account gives you is the leverage. Leverage is usually expressed as a ratio – a leverage of 100:1 means you can control assets worth 100 times your deposit.
What this means in FOREX is that with a 1% margin account you can control standard lots of $100,000 with a $1,000 deposit. Trading on margin increases both profits and losses, and the potential exists for the trader to lose more than his original deposit. With proper safeguards, however, loss can be limited, and usually brokers will terminate a transaction that extends beyond the margin deposit.
Benefits
As we mentioned above, trading on margin gives you more buying power and the potential for more profits (and losses). How does this work, exactly? A 1% margin account allows you to control a currency lot of $100,000 for $1,000. When dealing with $100,000 small changes in the price of the currency can result in large profits or losses.
FOREX currencies are traded in much smaller units than cash. The American dollar, for example, is traded in units down to 4 decimal places. Instead of $1.32 FOREX quotes are seen as $1.3256. The smallest unit in FOREX currencies is called the pip, and when you have a $100,000 each pip of your total lot is worth $10 (when trading American dollars).
If the price of American dollars changes from 1.3256 to 1.3356, that's a difference of 100 pips which represents a profit or loss of $1000. Without margin, if you had $1000 of currency, the price change from 1.3256 to 1.3356 represents a difference of $10. Significant to the tourist, perhaps, but not the investor.
So the benefit of margin is increased profit potential.
Risks
As there is increased profit potential, there is also increased loss potential. If you are not careful, your entire margin account could quickly be wiped out. If your margin account is 1% and the currency moves just one cent against you, you lose $1000.
FOREX trading, however, has several methods to limit loss. Stop loss orders automatically close your position if the value of the currency crosses a pre-determined point. Stop loss orders allow you to limit your losses to a specified amount while still allowing potential profit taking.
An often overlooked risk is the possibility that your broker may close your position if your potential losses approach the balance of your margin account. You may be riding out a down trend with the expectations of a market reversal, but unless you replenish your margin account you may find your position has been closed. If this happens, you lose all of your margin.
For example:
You sell EUR/USD at 1.2144 (sell 100,000 euros and buy 121,440 US dollars) with the expectation that the euro will fall in price. You have a 1% margin account which means the required margin is $1,214.40. You have $1250 in your margin account, so to enter this position your margin account is left with $35.60.
You have not specified a stop loss order, and after you enter this position the euro suddenly rallies, gaining 0.0263 for a price of 1.2407. 100,000 euros are now worth US$124,070 and your 1% margin requirements have risen to $1,240.70. Depending on the policy of your broker, your position may be automatically closed or the extra funds in your margin account may be used to make up the difference. In any case, if the euro continues to gain value and you wish to ride it out (bad idea) you will have to add more funds to your margin account or risk losing everything.
Another example:
You buy USD/CHF at 1.2623 with the expectation that the US dollar will gain against the Swiss franc. You buy a standard lot of 100,000 American dollars for 126,230 Swiss francs with a margin requirement of 1% or $1,000.
As expected, the US dollar rises to 1.2683 at which point you close your position. You sell 100,000 American dollars for 126,830 Swiss francs for a profit of 600 francs or US$473.08 (600 francs divided by the exchange rate of 1.2683).
ForexGen Introduces Forex Market
The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars).
In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.
The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.
There are many advantages to trading in FOREX.
• Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.
• Accessibility – The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.
• Open Market – Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time – there can be no 'insider trading' in FOREX.
• No commission – Brokers earn money by setting a 'spread' – the difference between what a currency can be bought at and what it can be sold at.
How does it work?
Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.
The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss.
In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion.
The FOREX is made up of about 5000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency exchange. There is no centralized location of FOREX – major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt, and all trading is by telephone or over the Internet. Businesses use the market to buy and sell products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.
Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements. With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through 'leverage' – loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.
There are many advantages to trading in FOREX.
• Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day means there is always a buyer or a seller for any currency.
• Accessibility – The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.
• Open Market – Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time – there can be no 'insider trading' in FOREX.
• No commission – Brokers earn money by setting a 'spread' – the difference between what a currency can be bought at and what it can be sold at.
How does it work?
Currencies are always traded in pairs – the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.
The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor and a number of software tools exist to minimize loss.
Different Types of Forex Orders with ForexGen
A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each type of order is necessary to be a successful FOREX trader.
Market Order – is an order to buy or sell at the current market price. They can be used to enter or exit a trade.
Market orders should be used with care because in fast-moving markets there may be a difference between the price seen at the time a market order is given and the actual price of the transaction. This is due to slippage – the amount the market moves in the few seconds between giving an order and having it executed. Slippage could result in a loss or gain of several pips.
Limit Order – is an order to buy or sell at a certain limit. They can be used to buy currency below the market price or sell currency above the market price. When buying, your order is executed when the market falls to your limit order price. When selling, your order is executed when the market rises to your limit order price. There is no slippage with limit orders.
Stop Order – is an order to buy above the market or to sell below the market. They are most commonly used as stop-loss orders to limit losses if the market moves contrary to what the trader expected. A stop-loss order will sell the currency if the market falls below the point set by the trader.
One Cancels the Other (OCO) – this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.
• Example OCO Transaction:
Buy: 1 standard lot EUR/USD @ 1.3228 = $132,280
Pip Value: 1 pip = $10
Stop-Loss: 1.3203
Limit: 1.3328
This is an order to buy US dollars at 1.3328 and to sell them if they fall to 1.3203 (resulting in a loss of 25 pips or $250) or to sell them if they rise to 1.3328 (resulting in a profit of 100 pips or $1,000).
• Here's another example:
The current bid/ask price for US dollars and Canadian dollars is
USD/CDN 1.2152/57
...meaning you can buy $1 US for 1.2152 CDN or sell 1.2157 CDN for $1 US.
If you think that the US dollar (USD) is undervalued against the Canadian dollar (CDN) you would buy USD (simultaneously selling CDN) and wait for the US dollar to rise.
This is the transaction: Buy USD: 1 standard lot USD/CDN @ 1.2157 = $121,570 CDN
Pip Value: 1 pip = $10
Stop-Loss: 1.2147
Margin: $1,000 (1%)
You are buying US$100,000 and selling CDN$121,570. Your stop loss order will be executed if the dollar falls below 1.2147, in which case you will lose $100.
However, USD/CDN rises to 1.2192/87. You can now sell $1 US for 1.2192 CDN or sell 1.2187 CDN for $1 US.
Because you entered the transaction by buying US dollars (buying long), you must now sell US dollars and buy back CDN dollars to realize your profit.
You sell US$100,000 at the current USD/CDN rate of 1.2192, and receive 121,920 CDN for which you originally paid CDN$121,570. Your profit is $350 Canadian dollars or US$287.19 (350 divided by the current exchange rate of 1.2187).
Market Order – is an order to buy or sell at the current market price. They can be used to enter or exit a trade.
Market orders should be used with care because in fast-moving markets there may be a difference between the price seen at the time a market order is given and the actual price of the transaction. This is due to slippage – the amount the market moves in the few seconds between giving an order and having it executed. Slippage could result in a loss or gain of several pips.
Limit Order – is an order to buy or sell at a certain limit. They can be used to buy currency below the market price or sell currency above the market price. When buying, your order is executed when the market falls to your limit order price. When selling, your order is executed when the market rises to your limit order price. There is no slippage with limit orders.
Stop Order – is an order to buy above the market or to sell below the market. They are most commonly used as stop-loss orders to limit losses if the market moves contrary to what the trader expected. A stop-loss order will sell the currency if the market falls below the point set by the trader.
One Cancels the Other (OCO) – this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.
• Example OCO Transaction:
Buy: 1 standard lot EUR/USD @ 1.3228 = $132,280
Pip Value: 1 pip = $10
Stop-Loss: 1.3203
Limit: 1.3328
This is an order to buy US dollars at 1.3328 and to sell them if they fall to 1.3203 (resulting in a loss of 25 pips or $250) or to sell them if they rise to 1.3328 (resulting in a profit of 100 pips or $1,000).
• Here's another example:
The current bid/ask price for US dollars and Canadian dollars is
USD/CDN 1.2152/57
...meaning you can buy $1 US for 1.2152 CDN or sell 1.2157 CDN for $1 US.
If you think that the US dollar (USD) is undervalued against the Canadian dollar (CDN) you would buy USD (simultaneously selling CDN) and wait for the US dollar to rise.
This is the transaction: Buy USD: 1 standard lot USD/CDN @ 1.2157 = $121,570 CDN
Pip Value: 1 pip = $10
Stop-Loss: 1.2147
Margin: $1,000 (1%)
You are buying US$100,000 and selling CDN$121,570. Your stop loss order will be executed if the dollar falls below 1.2147, in which case you will lose $100.
However, USD/CDN rises to 1.2192/87. You can now sell $1 US for 1.2192 CDN or sell 1.2187 CDN for $1 US.
Because you entered the transaction by buying US dollars (buying long), you must now sell US dollars and buy back CDN dollars to realize your profit.
You sell US$100,000 at the current USD/CDN rate of 1.2192, and receive 121,920 CDN for which you originally paid CDN$121,570. Your profit is $350 Canadian dollars or US$287.19 (350 divided by the current exchange rate of 1.2187).
On Line ForexGen Broker
Exchange vs. Over-The-Counter Options
ForexGen options can be traded either on an exchange or in the over-the-counter (OTC) market, meaning between two parties.
Types of Transactions
Manufacturing companies who buy in raw materials from abroad and export finished products undertake both the purchase and sales of foreign exchange, as they are always dependent upon the supplying companies’ country of origin and its currency for their invoicing.
Margin Trading
Margin means borrowing money from a broker to buy a stock, or commodity, or currency pair and using the investment as collateral. It is, to all intents and purposes, a performance bond in cash or another means of security deposited by a trader.
Role of the Adviser
As the adviser is the primary contact between a market maker and a client, the adviser must demonstrate an overall understanding of the foreign exchange market in order to earn and maintain the trust of clients.
Barriers
This is a standard option that automatically cancels out if spot trades through a prearranged knock-out level. This level is set below the initial spot for a call option, and above spot for a put.
Reversals
Reversals are primarily a Floor Trader strategy used to capitalize on minor price discrepancies between calls and puts. As implied by its name, reversals are the exact opposites of conversions.
When Is a System Suitable for Automation?
While the average trader can make money using any given toolkit, there are some cases that are not well-suited for complete automation.
Making Mistakes
When trading in the ForEx market it is best to come to grips with the cold hard fact that only 5% of all traders achieve their ultimate goal of being consistent with their profits. The difference between that 5% and everyone else is that they learn from their mistakes and recognize them as learning experiences, not personal failures to be ignored and swept under the rug.
Successful and Unsuccessful Traders
Unsuccessful traders don't want to learn the charts, the signals, and other intricacies of the forex market, become prideful, believing that they deserve more profit, are therefore take unwise risks.
Successful traders painstakingly build outwardly simple systems that have taken years to perfect, wait for predictable signals that are obeyed without question, want to know everything about their broker and their broker's practices.
Currency Value
The value of a currency is always given in terms of another currency. For example, the value of a US dollar in terms of British pounds is the £/$ exchange rate, and the value of the Japanese yen in terms of dollar is the $/¥ exchange rate. Understanding this procedure is particularly useful when dealing with unusual currencies.
ForexGen options can be traded either on an exchange or in the over-the-counter (OTC) market, meaning between two parties.
Types of Transactions
Manufacturing companies who buy in raw materials from abroad and export finished products undertake both the purchase and sales of foreign exchange, as they are always dependent upon the supplying companies’ country of origin and its currency for their invoicing.
Margin Trading
Margin means borrowing money from a broker to buy a stock, or commodity, or currency pair and using the investment as collateral. It is, to all intents and purposes, a performance bond in cash or another means of security deposited by a trader.
Role of the Adviser
As the adviser is the primary contact between a market maker and a client, the adviser must demonstrate an overall understanding of the foreign exchange market in order to earn and maintain the trust of clients.
Barriers
This is a standard option that automatically cancels out if spot trades through a prearranged knock-out level. This level is set below the initial spot for a call option, and above spot for a put.
Reversals
Reversals are primarily a Floor Trader strategy used to capitalize on minor price discrepancies between calls and puts. As implied by its name, reversals are the exact opposites of conversions.
When Is a System Suitable for Automation?
While the average trader can make money using any given toolkit, there are some cases that are not well-suited for complete automation.
Making Mistakes
When trading in the ForEx market it is best to come to grips with the cold hard fact that only 5% of all traders achieve their ultimate goal of being consistent with their profits. The difference between that 5% and everyone else is that they learn from their mistakes and recognize them as learning experiences, not personal failures to be ignored and swept under the rug.
Successful and Unsuccessful Traders
Unsuccessful traders don't want to learn the charts, the signals, and other intricacies of the forex market, become prideful, believing that they deserve more profit, are therefore take unwise risks.
Successful traders painstakingly build outwardly simple systems that have taken years to perfect, wait for predictable signals that are obeyed without question, want to know everything about their broker and their broker's practices.
Currency Value
The value of a currency is always given in terms of another currency. For example, the value of a US dollar in terms of British pounds is the £/$ exchange rate, and the value of the Japanese yen in terms of dollar is the $/¥ exchange rate. Understanding this procedure is particularly useful when dealing with unusual currencies.
Forex Signals with ForexGen
The first thing necessary for a successful trade on Forex market is making up-to-date decisions, which, of course, is almost impossible without the fresh authentic information available for the trader. The most useful way of retrieving it is ForexGen signal services, responsible for timely informing its subscribers on every important Forex market events, along with providing tips on current trade.
Such brief notifications on latest Forex market events are called signals. A signal usually carries a short text (of one or two lines), giving a maximally informative instruction on current condition of certain market elements. Often the signal’s body also contains a tip giving the trader an advice on what actions shall he carry on.
You can learn about proper use of signals in bounds of training and education programs for Forex market professionals. The problem is, Internet allows many different signal services (including free services, which, as one could expect, are often far unauthentic or provide out-of-dated information). A trader has to be able to understand signal systems good to select a trustworthy one, which, at the same time, will not involve too high subscribe payment.
Signals may be retrieved by the respondent in many different ways: via a notification placed directly onto the special signal service provider website, via mass email delivery, via the notification delivered as an SMS message on subscriber’s mobile phone, or with the help of a special client software, displaying the notification right on Windows/Linux desktop of his PC workstation. Some of the signal systems also have the possibility of working in straight cooperation with automated trading systems of Forex market, allowing the trader besides of making the decision on time, to bring it to life right away.
Such brief notifications on latest Forex market events are called signals. A signal usually carries a short text (of one or two lines), giving a maximally informative instruction on current condition of certain market elements. Often the signal’s body also contains a tip giving the trader an advice on what actions shall he carry on.
You can learn about proper use of signals in bounds of training and education programs for Forex market professionals. The problem is, Internet allows many different signal services (including free services, which, as one could expect, are often far unauthentic or provide out-of-dated information). A trader has to be able to understand signal systems good to select a trustworthy one, which, at the same time, will not involve too high subscribe payment.
Signals may be retrieved by the respondent in many different ways: via a notification placed directly onto the special signal service provider website, via mass email delivery, via the notification delivered as an SMS message on subscriber’s mobile phone, or with the help of a special client software, displaying the notification right on Windows/Linux desktop of his PC workstation. Some of the signal systems also have the possibility of working in straight cooperation with automated trading systems of Forex market, allowing the trader besides of making the decision on time, to bring it to life right away.
Forex Signals with ForexGen
The first thing necessary for a successful trade on Forex market is making up-to-date decisions, which, of course, is almost impossible without the fresh authentic information available for the trader. The most useful way of retrieving it is ForexGen signal services, responsible for timely informing its subscribers on every important Forex market events, along with providing tips on current trade.
Such brief notifications on latest Forex market events are called signals. A signal usually carries a short text (of one or two lines), giving a maximally informative instruction on current condition of certain market elements. Often the signal’s body also contains a tip giving the trader an advice on what actions shall he carry on.
You can learn about proper use of signals in bounds of training and education programs for Forex market professionals. The problem is, Internet allows many different signal services (including free services, which, as one could expect, are often far unauthentic or provide out-of-dated information). A trader has to be able to understand signal systems good to select a trustworthy one, which, at the same time, will not involve too high subscribe payment.
Signals may be retrieved by the respondent in many different ways: via a notification placed directly onto the special signal service provider website, via mass email delivery, via the notification delivered as an SMS message on subscriber’s mobile phone, or with the help of a special client software, displaying the notification right on Windows/Linux desktop of his PC workstation. Some of the signal systems also have the possibility of working in straight cooperation with automated trading systems of Forex market, allowing the trader besides of making the decision on time, to bring it to life right away.
Such brief notifications on latest Forex market events are called signals. A signal usually carries a short text (of one or two lines), giving a maximally informative instruction on current condition of certain market elements. Often the signal’s body also contains a tip giving the trader an advice on what actions shall he carry on.
You can learn about proper use of signals in bounds of training and education programs for Forex market professionals. The problem is, Internet allows many different signal services (including free services, which, as one could expect, are often far unauthentic or provide out-of-dated information). A trader has to be able to understand signal systems good to select a trustworthy one, which, at the same time, will not involve too high subscribe payment.
Signals may be retrieved by the respondent in many different ways: via a notification placed directly onto the special signal service provider website, via mass email delivery, via the notification delivered as an SMS message on subscriber’s mobile phone, or with the help of a special client software, displaying the notification right on Windows/Linux desktop of his PC workstation. Some of the signal systems also have the possibility of working in straight cooperation with automated trading systems of Forex market, allowing the trader besides of making the decision on time, to bring it to life right away.
Reading FOREX quotes with ForexGen
Each world currency is given a three letter code which is used in FOREX quotes. The most common currencies are USD (US dollars), EUR (European euros), GBP (United Kingdom pounds), AUD (Australian dollars), JPY (Japanese yen), CHF (Swiss francs) and CAD (Canadian dollars).
Prices of foreign exchange are indicated by FX quotes in pairs of currencies. The first currency is the 'base' and the second is the 'quote' currency. In this example:
USD/EUR = 0.8320
...the currency pair is US dollars and European euros. The base currency (USD) is always at '1' and the quote currency shows how much it costs to buy one unit of the base currency. In this example, 1 US dollar costs 0.8320 euros.
Conversely...
EUR/USD = 1.1993
...tells us that it costs 1.1993 US dollars to buy 1 euro.
When the price of the quote currency goes up it indicates that the base currency is becoming stronger – one unit of the base currency will buy more of the quote currency. If the quote currency falls, however, the base currency is becoming weaker.
Foreign Exchange quotes are seen in 'bid' and 'ask' prices. Bid is the price that buyers will pay for the base currency (while selling the quote currency), and ask is the price that sellers will sell the base currency (while buying the quote currency).
Symbol Bid Ask
USD/CAD 1.2329 1.2379
This chart tells us that we can buy one American dollar for 1.2379 Canadian dollars, or sell one American dollar for 1.2329 Canadian dollars. The most commonly traded currencies pairs are the 'Majors' – GBP/USD, EUR/USD, AUD/USD, USD/JPY, USD/CHF, and USD/CAD.
We often see exchange rates listed in cross currency charts that list many different currencies and their values against each other. An example of such a chart is seen here:
US $ Ca $ Euro UK £
US $ 1.00000 1.24070 0.83953 0.56807
Ca $ 0.80600 1.00000 0.67657 0.45841
Euro 1.19114 1.47805 1.00000 0.67755
UK £ 1.7603 2.18147 1.47591 1.00000
In this chart, the currencies listed down the left side of the chart are the base currencies and the currencies at the top are the quote currencies. We can convert the chart above into currency pairs by following the row beside the base currency. Using US dollars as the base currency we get the following currency pairs:
USD/CAD = 1.24070
USD/EUR = 0.83953
USD/GBP = 0.56807
...which tells us that one US dollar is equal to the corresponding value of the quote currency. To find the opposite pair e.g. CAD/USD follow the Canadian dollar row to the US dollar column - CAD/USD = 0.80600 (one Canadian dollar is worth 0.80600 US dollars).
There is no standard for cross-currency charts – some have the base currency on the top and some have it on the side. How to tell which is which? You need to know at least one pair of currencies and which one of the pair is more valuable.
Currency prices are determined by a number of factors, the most important of which are economic and political conditions in the issuing country. Political stability, inflation, and interest rates are all factored into the price of any currency. In addition, governments can try to control the price of their currency by either flooding the market (to lower the price) or buying extensively (to raise the price).
Because of the immense volume of FOREX, however, it is impossible for one force to control the market for any length of time. Market forces will prevail in the long run, making FOREX one of the most open and fair investment opportunities available.
Prices of foreign exchange are indicated by FX quotes in pairs of currencies. The first currency is the 'base' and the second is the 'quote' currency. In this example:
USD/EUR = 0.8320
...the currency pair is US dollars and European euros. The base currency (USD) is always at '1' and the quote currency shows how much it costs to buy one unit of the base currency. In this example, 1 US dollar costs 0.8320 euros.
Conversely...
EUR/USD = 1.1993
...tells us that it costs 1.1993 US dollars to buy 1 euro.
When the price of the quote currency goes up it indicates that the base currency is becoming stronger – one unit of the base currency will buy more of the quote currency. If the quote currency falls, however, the base currency is becoming weaker.
Foreign Exchange quotes are seen in 'bid' and 'ask' prices. Bid is the price that buyers will pay for the base currency (while selling the quote currency), and ask is the price that sellers will sell the base currency (while buying the quote currency).
Symbol Bid Ask
USD/CAD 1.2329 1.2379
This chart tells us that we can buy one American dollar for 1.2379 Canadian dollars, or sell one American dollar for 1.2329 Canadian dollars. The most commonly traded currencies pairs are the 'Majors' – GBP/USD, EUR/USD, AUD/USD, USD/JPY, USD/CHF, and USD/CAD.
We often see exchange rates listed in cross currency charts that list many different currencies and their values against each other. An example of such a chart is seen here:
US $ Ca $ Euro UK £
US $ 1.00000 1.24070 0.83953 0.56807
Ca $ 0.80600 1.00000 0.67657 0.45841
Euro 1.19114 1.47805 1.00000 0.67755
UK £ 1.7603 2.18147 1.47591 1.00000
In this chart, the currencies listed down the left side of the chart are the base currencies and the currencies at the top are the quote currencies. We can convert the chart above into currency pairs by following the row beside the base currency. Using US dollars as the base currency we get the following currency pairs:
USD/CAD = 1.24070
USD/EUR = 0.83953
USD/GBP = 0.56807
...which tells us that one US dollar is equal to the corresponding value of the quote currency. To find the opposite pair e.g. CAD/USD follow the Canadian dollar row to the US dollar column - CAD/USD = 0.80600 (one Canadian dollar is worth 0.80600 US dollars).
There is no standard for cross-currency charts – some have the base currency on the top and some have it on the side. How to tell which is which? You need to know at least one pair of currencies and which one of the pair is more valuable.
Currency prices are determined by a number of factors, the most important of which are economic and political conditions in the issuing country. Political stability, inflation, and interest rates are all factored into the price of any currency. In addition, governments can try to control the price of their currency by either flooding the market (to lower the price) or buying extensively (to raise the price).
Because of the immense volume of FOREX, however, it is impossible for one force to control the market for any length of time. Market forces will prevail in the long run, making FOREX one of the most open and fair investment opportunities available.
FOREX fundamental analysis with ForexGen
FOREX traders almost always rely on analysis to make plan their trading strategies. There are two basic types of FOREX analysis – technical and fundamental. This article will look at fundamental analysis and how it used in FOREX trading.
FOREX fundamental analysis refers to political and economic conditions
that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.
Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.
Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.
Indicators
Various indicators are released by government and academic sources. They are reliable measures of economic health and are followed by all sectors of the investment market. Indicators are usually released on a monthly basis but some are released weekly.
Two of the most important fundamental indicators are interest rates and international trade. Other indicators include the Consumer Price Index (CPI), Durable Goods Orders, Producer Price Index (PPI), Purchasing Manager's Index (PMI), and retail sales.
Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.
Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.
International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavourable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavourable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.
Other indicators include the CPI – a measurement of the cost of living, and the PPI – a measurement of the cost of producing goods. The GDP measures the value of all goods and services within a country, while the M2 Money Supply measures the total amount of all currency.
More than 40 indicators are used in ForexGen. Indicators have strong effects on financial markets so FOREX traders should be aware of them when preparing strategies. Up-to-date information is available on many websites and many FOREX brokers supply this information as part of their trading service.
FOREX fundamental analysis refers to political and economic conditions
that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.
Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.
Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.
Indicators
Various indicators are released by government and academic sources. They are reliable measures of economic health and are followed by all sectors of the investment market. Indicators are usually released on a monthly basis but some are released weekly.
Two of the most important fundamental indicators are interest rates and international trade. Other indicators include the Consumer Price Index (CPI), Durable Goods Orders, Producer Price Index (PPI), Purchasing Manager's Index (PMI), and retail sales.
Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.
Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.
International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavourable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavourable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.
Other indicators include the CPI – a measurement of the cost of living, and the PPI – a measurement of the cost of producing goods. The GDP measures the value of all goods and services within a country, while the M2 Money Supply measures the total amount of all currency.
More than 40 indicators are used in ForexGen. Indicators have strong effects on financial markets so FOREX traders should be aware of them when preparing strategies. Up-to-date information is available on many websites and many FOREX brokers supply this information as part of their trading service.
FOREX technical analysis with ForexGen
FOREX analysis is divided into two types: Fundamental and Technical. Fundamental analysis attempts to predict movements in currencies by examining current political and economic events. FOREX technical analysis uses historical economic data to predict movements in the FOREX.
Basic Principles
Technical analysis is based on three assumptions:
1 – Price movements are a result of all market forces combined. Things that can affect currency prices include political events, economic conditions, supply and demand, seasonal variations and weather conditions. The technical analyst, however, is not concerned with the reasons for market movement, but rather, the movements themselves.
2 – Currency prices follow trends. Many market patterns have been recognized as having predictable consequences.
3 – Price movements follow historical trends. FOREX data has been collected for over 100 years and patterns have emerged over time. These patterns are based on human psychology and the way people react to certain sets of circumstances.
Is Technical Analysis Necessary?
Most FOREX day traders rely heavily on technical analysis and may use fundamental analysis to support their trading strategy. A major advantage of technical over fundamental analysis is that it can be applied to many different markets and currencies at the same time. Fundamental analysis requires in-depth knowledge of the political and economic conditions of a certain country; therefore it is less likely that any one trader can do proper fundamental analyses on more than a few countries.
The beginner trader may be put off by the seeming complexity of technical analysis and wonder if it is necessary for FOREX trading. As with any investment, FOREX trading requires a strategy. Although any strategy is possible, technical analysis is a proven method for predicting movements in the FOREX. Does that mean it's a sure thing? Nothing is 100% certain, and currency prices are affected by a variety of forces. This is why many traders use a combination of technical and fundamental analysis to plot their trading strategies.
Availability
ForexGen provides access to a wide variety of charts for technical analysis. Some charting software is available free of charge as well as in-depth professional charts.Charts can be viewed by various time scales and provide detailed information about price movements as well analytical overlays. Charts can be zoomed in to the tick level or zoomed out to see the broad picture over a period of months or years. Charts are updated in real time.
FOREX charts may be available on ForexGen's web site or may be included as part of its trading software.
Before beginning in FOREX trading it is a good idea to become accustomed to market behaviour by following charts for a period of time and studying their movements and learning about trends. Many brokers provide practice accounts that can be used by beginners to place 'paper' bids – no real money is exchanged. These practice accounts familiarize the beginning trader with FOREX charts and market movement while at the same time allowing him to become acquainted with the trading software a particular broker uses.
Basic Principles
Technical analysis is based on three assumptions:
1 – Price movements are a result of all market forces combined. Things that can affect currency prices include political events, economic conditions, supply and demand, seasonal variations and weather conditions. The technical analyst, however, is not concerned with the reasons for market movement, but rather, the movements themselves.
2 – Currency prices follow trends. Many market patterns have been recognized as having predictable consequences.
3 – Price movements follow historical trends. FOREX data has been collected for over 100 years and patterns have emerged over time. These patterns are based on human psychology and the way people react to certain sets of circumstances.
Is Technical Analysis Necessary?
Most FOREX day traders rely heavily on technical analysis and may use fundamental analysis to support their trading strategy. A major advantage of technical over fundamental analysis is that it can be applied to many different markets and currencies at the same time. Fundamental analysis requires in-depth knowledge of the political and economic conditions of a certain country; therefore it is less likely that any one trader can do proper fundamental analyses on more than a few countries.
The beginner trader may be put off by the seeming complexity of technical analysis and wonder if it is necessary for FOREX trading. As with any investment, FOREX trading requires a strategy. Although any strategy is possible, technical analysis is a proven method for predicting movements in the FOREX. Does that mean it's a sure thing? Nothing is 100% certain, and currency prices are affected by a variety of forces. This is why many traders use a combination of technical and fundamental analysis to plot their trading strategies.
Availability
ForexGen provides access to a wide variety of charts for technical analysis. Some charting software is available free of charge as well as in-depth professional charts.Charts can be viewed by various time scales and provide detailed information about price movements as well analytical overlays. Charts can be zoomed in to the tick level or zoomed out to see the broad picture over a period of months or years. Charts are updated in real time.
FOREX charts may be available on ForexGen's web site or may be included as part of its trading software.
Before beginning in FOREX trading it is a good idea to become accustomed to market behaviour by following charts for a period of time and studying their movements and learning about trends. Many brokers provide practice accounts that can be used by beginners to place 'paper' bids – no real money is exchanged. These practice accounts familiarize the beginning trader with FOREX charts and market movement while at the same time allowing him to become acquainted with the trading software a particular broker uses.
ForexGen Trading Strategies
To be a successful FOREX trader you need a trading strategy. There is no one set strategy that is good for all traders; rather, each trader needs to develop his or her individual approach to the FOREX. Some traders rely solely on technical analysis while others prefer fundamental analysis,
but many successful FOREX traders use a combination of both to get a broad overview of the market and for plotting entry and exit points.
Technical analysis relies on one key concept: Prices move by trends. The common saying in FOREX is 'The trend is your friend.' Market movements have identifiable patterns that have been studied over many years and a thorough understanding of these trends and how they can be read forms the basis of a good trading strategy.
There are many analytical tools available in ForexGen to understand market movements. The beginner FOREX trader is well advised to study each one separately for getting a working knowledge of their concepts and application. Once one has been understood, keep on using it while studying others. Each tool tends to reinforce the others.
Support and resistance levels are used in many FOREX trading strategies. 'Support' refers to the price level that is repeatedly seen as the bottom – when the price reaches this level it tends to rise. Resistance levels are upper prices that the currency rarely trades beyond. Support and resistance levels contain price movements for a period of time.
When currency prices break through support or resistance levels, the prices are expected to continue in that direction. For example, if the price rises above the previous resistance level, it is seen as bullish – the price should continue to rise.
To find support and resistance levels, price charts need to be analyzed for unbroken support and resistance levels. Charts can be analyzed in any time frame; however longer time frames establish more important support/resistance levels. Traders can use support/resistance levels to determine when to enter or exit a transaction.
Moving averages are another common tool in FOREX strategies. The simple moving average (SMA) shows the average price in a given period of time over a specified period of time. Moving averages serve to eliminate short term price fluctuations giving a clearer picture of price movements. FOREX traders can plot a SMA to determine when prices have a tendency to rise or fall. If prices cross above the SMA they have a tendency to keep on rising. Conversely, prices below the SMA have a tendency to continue their downward motion.
These are two examples of trading strategies that can be used individually or in combination. In practice, the FOREX trader should have a repertoire of trading tools to examine market conditions and to support the findings of one study or another. If several indicators show that the market is moving in a particular direction the trader can act with more assurance than when relying on a single indicator.
Similarly, fundamental analysis can be used to reinforce technical findings, or vice versa. Ideally, the FOREX trader will take several indicators into account when plotting a trading strategy.
Every trading strategy should provide clear guidelines about when to enter a trade, what to expect in terms of market movement, when to exit a trade, and how much loss can be accepted in case the deal moves against the trader. Following these simple guidelines and learning about technical analysis can help you become a successful FOREX trader.
One of the best online FOREX trading strategy courses is offered by professional experts in ForexGen. They are an authority in currency trading education and demonstrates simple yet powerful currency trading strategies used by banks, financial institutions and professional Forex traders.
but many successful FOREX traders use a combination of both to get a broad overview of the market and for plotting entry and exit points.
Technical analysis relies on one key concept: Prices move by trends. The common saying in FOREX is 'The trend is your friend.' Market movements have identifiable patterns that have been studied over many years and a thorough understanding of these trends and how they can be read forms the basis of a good trading strategy.
There are many analytical tools available in ForexGen to understand market movements. The beginner FOREX trader is well advised to study each one separately for getting a working knowledge of their concepts and application. Once one has been understood, keep on using it while studying others. Each tool tends to reinforce the others.
Support and resistance levels are used in many FOREX trading strategies. 'Support' refers to the price level that is repeatedly seen as the bottom – when the price reaches this level it tends to rise. Resistance levels are upper prices that the currency rarely trades beyond. Support and resistance levels contain price movements for a period of time.
When currency prices break through support or resistance levels, the prices are expected to continue in that direction. For example, if the price rises above the previous resistance level, it is seen as bullish – the price should continue to rise.
To find support and resistance levels, price charts need to be analyzed for unbroken support and resistance levels. Charts can be analyzed in any time frame; however longer time frames establish more important support/resistance levels. Traders can use support/resistance levels to determine when to enter or exit a transaction.
Moving averages are another common tool in FOREX strategies. The simple moving average (SMA) shows the average price in a given period of time over a specified period of time. Moving averages serve to eliminate short term price fluctuations giving a clearer picture of price movements. FOREX traders can plot a SMA to determine when prices have a tendency to rise or fall. If prices cross above the SMA they have a tendency to keep on rising. Conversely, prices below the SMA have a tendency to continue their downward motion.
These are two examples of trading strategies that can be used individually or in combination. In practice, the FOREX trader should have a repertoire of trading tools to examine market conditions and to support the findings of one study or another. If several indicators show that the market is moving in a particular direction the trader can act with more assurance than when relying on a single indicator.
Similarly, fundamental analysis can be used to reinforce technical findings, or vice versa. Ideally, the FOREX trader will take several indicators into account when plotting a trading strategy.
Every trading strategy should provide clear guidelines about when to enter a trade, what to expect in terms of market movement, when to exit a trade, and how much loss can be accepted in case the deal moves against the trader. Following these simple guidelines and learning about technical analysis can help you become a successful FOREX trader.
One of the best online FOREX trading strategy courses is offered by professional experts in ForexGen. They are an authority in currency trading education and demonstrates simple yet powerful currency trading strategies used by banks, financial institutions and professional Forex traders.
Forex Trading Philosophy with ForexGen
Many beginning FOREX traders are captivated by the allure of easy money. FOREX websites offer 'risk-free' trading, 'high returns' 'low investment' – these claims have a grain of truth in them, but the reality of FOREX is a bit more complex.
There are two common mistakes that many beginner traders make
- trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.
This kind of undisciplined approach to FOREX is guaranteed to lose you money. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.
To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit. And ForexGen provides all beginners with its Free Online Academy.
The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.
There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.
This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules.
There are two common mistakes that many beginner traders make
- trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.
This kind of undisciplined approach to FOREX is guaranteed to lose you money. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.
To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit. And ForexGen provides all beginners with its Free Online Academy.
The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.
There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.
This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules.
ForexGen helps you to get started in Forex trading
You may have been hearing about the foreign exchange market (FOREX) and the investment advantages it offers. You would like to try it out, but don't know where to start. This short guide will give you the basics in FOREX and tell you what you need to participate in this fast growing field.
Foreign exchange used to be limited to large players such as national banks and multi-national corporations. In the 1980's the rules were revised to allow smaller investors to participate using margin accounts. Margin accounts are the reason why FOREX trading has become so popular. With a 100:1 margin account, you can control $100,000 with a $1,000 investment.
FOREX is not simple, however, and education is needed to make wise investment decisions. Although it is relatively easy to start trading on the FOREX, there are risks involved, so finding out as much as possible about the market is a good move for any beginner.
FOREX traders usually require a broker to handle transactions. Most brokers are reputable and are associated with large financial institutions such as banks. A reputable broker will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.
Opening a FOREX account is as simple as filling out a form and providing the necessary ID. The form will include a margin agreement that states that the broker can interfere with any trade it deems to be too risky. This is to protect the interests of the broker – most trades, after all, are done using the broker's money. Once your account has been established, you can fund it and begin trading.
ForexGen has different types of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as little as $250, while standard accounts may have a minimum deposit of $1000 to $2500. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.
HOWEVER – beginner traders are advised get accustomed to FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are at provided by most FOREX brokers.
Online ForexGen broker has demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.
Foreign exchange used to be limited to large players such as national banks and multi-national corporations. In the 1980's the rules were revised to allow smaller investors to participate using margin accounts. Margin accounts are the reason why FOREX trading has become so popular. With a 100:1 margin account, you can control $100,000 with a $1,000 investment.
FOREX is not simple, however, and education is needed to make wise investment decisions. Although it is relatively easy to start trading on the FOREX, there are risks involved, so finding out as much as possible about the market is a good move for any beginner.
FOREX traders usually require a broker to handle transactions. Most brokers are reputable and are associated with large financial institutions such as banks. A reputable broker will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.
Opening a FOREX account is as simple as filling out a form and providing the necessary ID. The form will include a margin agreement that states that the broker can interfere with any trade it deems to be too risky. This is to protect the interests of the broker – most trades, after all, are done using the broker's money. Once your account has been established, you can fund it and begin trading.
ForexGen has different types of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as little as $250, while standard accounts may have a minimum deposit of $1000 to $2500. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.
HOWEVER – beginner traders are advised get accustomed to FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are at provided by most FOREX brokers.
Online ForexGen broker has demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.
Foreign Currency with ForexGen
Foreign currency – the smart way to buy
The smartest way to buy foreign currency is to let an expert do it for you.
For those people who don't normally deal in foreign currency, the whole market can be daunting. Apart from the fact that all currencies change their value every day against other currencies, how do you know when it's a good time to buy? More importantly, how can you protect yourself against a sudden change in exchange rates that works against you? Foreign currency becomes a lot less foreign when you let an expert take charge.
Why you may need help
If you're making foreign currency payments on a regular basis – to pay a mortgage on a property overseas, for example, or paying employees in a part of your company that's located outside the UK – you want to do it as economically as possible. You certainly don't want to suffer from significant fluctuations in foreign currency where, for example, your mortgage payment costs you £500 one month and £550 the next. Apart from anything else, it's very difficult to budget and plan ahead when you can't guarantee how much will be leaving your bank account – or indeed coming into it, if the currency is coming into the UK. What a difference it could make if you could buy your currency in advance, so you don't suffer from exchange rate differences, or to put a limit on the rate so that you know you're never going to pay more than a certain amount.
Taking control of your foreign currency
In the same way that you wouldn't handle the legal paperwork for the sale of your home, or give yourself inoculations before you travel, don't handle complicated foreign currency transactions by yourself. Instead, trust an expert to be looking at the foreign currency markets on your behalf, giving you the advice you need to buy and sell your currency at the right time so that your money really is working for you and not against you.
ForexGen is a commercial currency brokerage based in Norway. We help thousands of clients move hundreds of million pounds across the globe every day. From large businesses to private individuals who wish to send regular payments abroad, you can save money by getting a better currency exchange rate than your bank. ForexGen buys currency at wholesale rates and can help you save money with our fast secure service.
The smartest way to buy foreign currency is to let an expert do it for you.
For those people who don't normally deal in foreign currency, the whole market can be daunting. Apart from the fact that all currencies change their value every day against other currencies, how do you know when it's a good time to buy? More importantly, how can you protect yourself against a sudden change in exchange rates that works against you? Foreign currency becomes a lot less foreign when you let an expert take charge.
Why you may need help
If you're making foreign currency payments on a regular basis – to pay a mortgage on a property overseas, for example, or paying employees in a part of your company that's located outside the UK – you want to do it as economically as possible. You certainly don't want to suffer from significant fluctuations in foreign currency where, for example, your mortgage payment costs you £500 one month and £550 the next. Apart from anything else, it's very difficult to budget and plan ahead when you can't guarantee how much will be leaving your bank account – or indeed coming into it, if the currency is coming into the UK. What a difference it could make if you could buy your currency in advance, so you don't suffer from exchange rate differences, or to put a limit on the rate so that you know you're never going to pay more than a certain amount.
Taking control of your foreign currency
In the same way that you wouldn't handle the legal paperwork for the sale of your home, or give yourself inoculations before you travel, don't handle complicated foreign currency transactions by yourself. Instead, trust an expert to be looking at the foreign currency markets on your behalf, giving you the advice you need to buy and sell your currency at the right time so that your money really is working for you and not against you.
ForexGen is a commercial currency brokerage based in Norway. We help thousands of clients move hundreds of million pounds across the globe every day. From large businesses to private individuals who wish to send regular payments abroad, you can save money by getting a better currency exchange rate than your bank. ForexGen buys currency at wholesale rates and can help you save money with our fast secure service.
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