ForexGen Brand

Premium Accounts | ForexGen

2008-09-15T21:41:00.000-07:00

Due to ForexGen prior aim to establish a successful corporation between it and its clients, and due to the fact that all our clients reach the climax of satisfaction, ForexGen is always in search for developing its services and satisfy all the needs of its clients.

And for this reason, ForexGen offers for all who desire to open premium account the minimum deposit to open Premium account is now $ 75,000 and it comes with dealing desk enabled account and scalping enabled account. Adding to this ForexGen charges its clients with ZERO spread account, meaning that this premium account is zero spread. And this offer will expire by 30 September.

Do you think you can miss this chance?

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ForexGen Promotion On NDD Accounts

2008-09-15T21:18:00.000-07:00

ForexGen Annouced today

For all those who are interested in trading NND, ForexGen introduces to them incredible chance. All clients who desire to open NDD account with ForexGen can open with minimum $10.000 for individual account and $ 20,000 for managed accounts.

You all NDD traders come and join before anyone else because you would never find such offer or facilities like what ForexGen offers.

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ForexGen Offer on Pro Accounts

2008-09-15T21:09:00.000-07:00

ForexGen And Pro Accounts

Because ForexGen main concern and priority is its clients, and its aim is to stand by the clients to trade profitably, believing that its clients' success is its own too.

So, ForexGen would like to offer all professional traders that the minimum deposit for its pro account is still $1000 and this offer will last till the end of the current year.

Then, it is a chance for all professionals who desire to fund or open ForexGen accounts to fund as low as $1000.

Are you still thinking? What are you doing now? Just leave everything and start living as a Millionaire.

Refer A Friend Promo by ForexGen

2008-09-15T21:02:00.000-07:00

ForexGen New Promotion

Unbelievable chance to win both you and your friends too!!

Do you know that you can get bonus if you refer your friend to open an account in ForexGen and fund?

Both of you will get Bonus, do you know? You will get 10% bonus on your friend deposit added to your live account, and he/she will get 20% bonus on his/her deposited amount!

Toooooooo much bonuses this month, but hurry up before missing the chance…

This offer will expire by the end of September. Only with ForexGen you can find whatever you want.

Bonus On Deposit With ForexGen

2008-09-15T20:51:00.000-07:00

ForexGen Announced Today 20% bonus on every deposit

If you are one of those profit seekers or if you want to increase your deposit and so increase your profits as well?

So you are entitled for the biggest chance to make wealth!

Do you know that you can get bonus if funding now!! Yes you can get 20% bonus after funding immediately!!

ForexGen would like to offer both its existing and new clients with 20% bonus on deposited amount. If you are existing client, so you can start funding now, but if you are a new one so register now and get your bonus. So, if you funded with $1000 you would get $200! And if funded with $10.000 you would get $2000.

This offer is valid till 30 September. What are you waiting for? Catch up the chance and take as much profits as you can.

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Synthetic Pairs With ForexGen

2008-09-15T20:36:00.000-07:00

You’ve finished your analysis and you’ve reached a result that the GBP looks strong and the CHF may get weaker. Or even the AUD is looking great against the CAD, but when looking at the trading platform and see that your broker doesn’t have GBPCHF or AUDCAD. Then it must be a missed opportunity, right? Definitely No! You can make a “synthetic” pair to go long on GBPCHF or AUDCAD.

To make a synthetic pairs by using the four major currency pairs and three commodity currencies is somehow to an extent easy.

All what is needed is to buy or sell two pairs with the same position sizes.
If you want to go long GBP against the CHF, or buy GBPCHF.
You will have to buy GBPUSD and buy USDCHF at the same time.

The only unexpectedly thing in here is making sure you buy the exact same equivalent amount of each pair.

Back to Forex Basics With ForexGen

2008-09-15T20:30:00.000-07:00

When dealing directly to it, trading currency is all about matching strong currencies and weak currencies.

Just find a country that has weak fundamental act of looking out or maybe a distressfully political situation, and then suitably associate it with a country with better fundamentals (i.e. Growing trade surplus, rising employment etc) or maybe a strong political outlook, then you can pair up their currencies all together to make a smart directional trade.

So, why a professional trader like your self would, trade a currency cross as a substitute of matching either the EUR or the GBP with the USD?

After the interest rate revealed, you know the act of looking out on the Euro is weaker and the the act of looking out at the GBP is stronger, why don’t you just go short EURGBP? By performing this trade you get rid of the event where the chance of loss of upcoming US data, in addition you get a positive carry on your position!

Here’s how you may go short on EURGBP using this analysis:

Just like you see from this chart, you shorted at 0.6650 an hour or so just after the interest rates decisions were publicly known, you have catched the slow and stable move to 0.6600, and possibly more until fundamentals change for any of the Euro or the Pound.

Again, this is just an example of combining weak with almost stronger currencies. With six major currency pairs other than the US dollar, there are a lot of possibilities to find winning trades, and get away from erratic volatility with the US dollar.

Currency Crosses With ForexGen

2008-09-15T20:25:00.000-07:00

After going all the way through the pip School and doing a bit of demo trading, in so far as seems reasonably true one thing you’ve noticed about trading currencies – it’s always about the US Dollar! Isn’t it?

With central banks across the world keeping back trillions in USD reserves, commodities priced in the Greenback, and other major financial transactions passing through the dollar daily, as you can see it is all about the US dollar.

For the most part, about 90% of all transactions involve the dollar in the US $2 trillion daily traded Foreign Exchange market. It is pretty much, isn’t it?

In your demo trading, I’m sure you’ve realized that no matter what major pair you are trading (i.e. USD/JPY, USD/CAD, GBP/USD, etc.) That US news dominates the movement a lot despite everything like data releases from anywhere else. So, why would you look at anything else besides this major currency pairs?

Serious trading favorable juncture of circumstances can be found by following the other major currencies with currency crosses, in particular if you want to keep away from the unpredictable characterization of unexpected change that US dollar can bring.
It is hoped, that this lesson have opened up your act of looking out on Crosses and gave you the basic understanding on how to analyze them.

What are the Currency-Crosses?

For the most part, a currency-cross is neither any currency pair in which the US Dollar is not exist neither is the base nor the counter currency. Such us , EUR/GBP, AUD/JPY, GBP/CAD, and EUR/JPY are all considered currency crosses.

New Zealand Dollar With ForexGen

2008-09-15T20:12:00.000-07:00

ForexGen

More like its neighbor to the west, Australia, New Zealand's economy is also export-driven with commodities composed in much of its exports. While most of the trader's see on the "Kiwi" is that it’s not directly connected to one specific commodity, its the relation existing between it and the commodities in general is a significantly great one.

Its correlation is 63%, Since January 1990, when it was compared to the Commodity Research Bureau Index (CRB Index), one of the world’s standards for commodity prices.

This previous chart shows how commodity prices and the New Zealand Dollar have moved in partnership or conjunction with each other over the past 25+ years.

The NZD/USD and CRB Index has had approximately 60% correlation Since January 1990. Then, as commodity prices goes up and goes down, traders can look for similar likely movements in the NZD/USD as because of New Zealand's dependency on its commodity exports.

Just as gold and oil, the trader can directly, firmly, and explicitly state his general views and ideas on commodities by trading NZD/USD.

Australian Dollar and Gold With ForexGen

2008-09-15T19:59:00.000-07:00

ForexGen

Every one of us loves gold - how can one not love it? It's shiny, metal, and makes pretty cool jewelry. In addition to that, gold is used in many, many applications like highly conductive wiring, reflective coating, and dentistry -

In the world of finance, gold is attentively viewed as having a safe against inflation and it is one of the most highly traded commodities. So how does all of this knotted into the Forex trading? Excellent question! And to answer that, we'll take a look at the Australian Dollar.

For many traders, trading the Australian Dollar is exactly like trading gold. Australia is one of the world's largest producers of gold and it exports composes over 50% of commodities, including precious metals.

These commodities counts as a large portion of Australia's Gross Domestic Product; a lot of traders watch the rise and fall of commodity prices, especially gold, which have the power of producing an effect in the direction of the Australian Dollar. Let's have a peek at a comparison chart of gold and the "Aussie:"

That was a monthly chart compares between the price movement of AUD/USD and gold all the way back to January 1980. As you can see, the two's movements were almost entirely the same, and from January 1980 to about January 2002 you can see gold as a leading indicator to AUD/USD.

The "yellow stars" above shows the major turning points in gold. These major turning points occur before the major turning points in AUD/USD. This relation changed around 2002 as gold and AUD/USD movements were almost the same until gold rose up in value in 2005 to 2006.

As we have seen with oil and USD/CAD, traders can watch gold prices to get an extra edge in their analysis of AUD/USD as gold movements can have an indicated potential clues to where AUD/USD is headed to. For those who can’t trade gold directly, AUD/USD’s strong relation existing between them and gold makes a great substitution. You can trade AUD/USD in the spot Forex market as a power for gold, which is traded in the futures market.

Commodity Currencies With ForexGen

2008-09-15T18:59:00.000-07:00

What is a commodity currency?

In this crazy trading universe we call the Forex, a commodity currency is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

There are dozens of countries that fit this description, but the most actively traded currencies are the New Zealand Dollar, Australian Dollar, and the Canadian Dollar. Because their currencies are all called dollars, they are also known as the commodity dollars or "Comdolls" for short.

These three currencies are among the major currency pairs, which mean they have great liquidity and volatility for active trading.

How does a commodity affect the commodity currencies?

Processed material that can be converted by manufacture (Raw materials) compose such a large share of these countries exports, a goes up in commodity prices can possibly lead to a rise in the value of a country's currency, and vice versa.

Let's have a peek at the major commodity currencies and see how much their movement accompanies to certain commodities...
Canadian Dollar and Oil
Oil is the life-giving force of the industrialized world and thus a highly watched and traded commodity. While gold is often called “Black Gld”, many countries that create “black crack” and hold huge reserves of "black crack" manage to benefit from rises in oil prices, including Canada.

Canada is the world's second largest producers of oil (black crack dealers) and holds oil reserves (black crack stash) after Saudi Arabia which makes Canada very reliance on its most prized commodity. It is also the largest provider to the world's biggest oil consumer (black crack addict) - the United States. Because oil is such a big part of the US economy, rising in its prices manage to have a negative affect on U.S. equities and the U.S. Dollar.

Rising oil prices manages to be good for Canada and bad for the United States. While dropping oil prices manages to be bad for Canada and good for the United States. - How can we apply this idea in the Forex market? In fact let's take a quick look at the following chart spread over oil prices and the USD/CAD:

As you see from the chart above, the price movements USD/CAD and Oil are in an inverse order or manner correlated from each other – which means as oil trends higher, USD/CAD, tends to trend lower and vice versa.

Since January 1988, USD/CAD and Oil have had about a 68% inverse correlation to each other. As a trader, knows that this can add another tool to your toolbox when analyzing USD/CAD and help you make long term trading decisions

Don’t Underestimate Leverage | ForexGen Tips

2008-09-15T18:49:00.000-07:00

Most beginners place too low value on the potentially disorder damage leverage can cause the infliction on their accounts. It is curtail to Understand leverage enough to know when to use it and when NOT for you success.

A very powerful tool Leverage is but both old and new traders use it to ruin their trading capital simply because they take its destructive force with indifference or carelessness or ignore it altogether. But the more of them the easier for us smart traders to make money. Sad but true.

High leverage is a great selling point for most of the forex brokers. Yes they are pitching that you can make a huge killing using huge leverage, but be sure you could easily be killed by huge leverage as well.

Brokers want you to trade with a short-term mental attitude. It’s the only way they make money. Some few pips are important to them. The more you trade the more they make from spreads. It’s not in their best interest to tell you to let your trades run longer than the same day.

If you want to give yourself the chance to succeed, first of all learn how to trade profitably without leverage. Trade it safe and protect your capital.

When you can make more pips more than you lose steady continuity, then, and only then, you should let loose this weapon of destruction called leverage. Destroy broker (or traders) taking the opposite side of your trade. Don’t destroy yourself.

Forex investments should be treated as a business. Don’t think that its just because brokers let you use high leverage with a low minimum deposit that you can “make a quick ” or “get rich quickly”. Get close to the currency markets with respect.

Be concern for facts in your expectations and be willing to educate yourself very good. If you didn’t, you will die. Not really, but your account will.

LEVERAGE:

The ability to control large amounts of currency/commodity with a comparatively small amount of capital

How Leverage Affects Transaction Costs With ForexGen

2008-09-15T18:39:00.000-07:00

Besides increasing the strength of your losses, leverage also has another way of killing you. It’s a much slower kind of death, though, kind of like being continually occurring open to view to high levels of radiation. Most traders don’t see it coming till they are dead.

This killer I’m talking about is the combined transfer cost of using high leverage

Not only has the leverage increased the strength of your losses, it also increasing the strength of your transaction costs as a percentage of your account.
If you are losing in trades , your balance will shrinks and as your balance shrinks, your leverage increases. As your leverage increases, your transaction costs will eats away faster at the little money you have left. It’s a silence slow death we are talking about here.

The more your leverage, the more your transaction cost as a percentage of your balance.

If you have a mini account, and open a trade with a 5 pip spread, which equals $5 transaction cost, look at how the relative value of your transaction costs increases with more leverage.

Cost as % MR Leverage Margin Required (MR)

Cost as % MR	Leverage	Margin Required (MR)
.05%	1:1	$10,000
.10%	3:1	$3,300
.25%	5:1	$2,000
.5%	10:1	$1,000
1%	20:1	$500
1.5%	33:1	$330
2.5%	50:1	$200
5%	100:1	$100
10%	200:1	$50

Now that you’ve learned how leverage can enlarge your profits and losses, and also your transaction costs.

Leverage doesn’t equal margin. How many times you can lever your account is the Leverage. How maximum you are allowed to lever is totally depending on your margin requirement.

LEVERAGE:

The ability to control large amounts of currency/commodity with a comparatively small amount of capital

Margin Call Example With ForexGen

2008-09-15T18:32:00.000-07:00

Assume you are a successful retired British spy who now spends his time trading currencies. You open a standard account and deposit $10,000.
When you first login, you will see the 10,000 in the "Equity" column of your "Account Information" window.

You will also see that the "UsedMrg" ('Used Margin') is "$0.00", and that the "UsblMrg" ('Usable Margin') is 10,000

Your Usable Margin will always be equal to Equity minus Used Margin.

Usable Margin = Equity – Used Margin

Therefore it is the Equity, NOT the Balance that is used to determine Usable Margin. Your Equity will also determine if and when a Margin Call is reached.

As long as your Equity is greater than your Used Margin, you will not have Margin Call.
( Equity > Used Margin ) = NO MARGIN CALL

As soon as your Equity equals or falls below your Used Margin, you will receive a margin call.
( Equity =<>

Let’s assume your margin requirement is 1%. You buy 1 lot of EUR/USD.

Your Equity remains $10,000. Used Margin is now $100, because the margin required in a mini account is $100 per lot. Usable Margin is now $9,900.

If you were to close out that 1 lot of EUR/USD (by selling it back) at the same price at which you bought it, your Used Margin would go back to $0.00 and your Usable Margin would go back to $10,000. Your Equity would remain unchanged at 10,000.

But instead of closing the 1 lot, you, the adrenalin junkie chopsocky retired spy that you are, get extremely confident and buy 79 more lots of EUR/USD for a total of 80 lots of EUR/USD. You will still have the same Equity, but your Used Margin will be $8,000 (80 lots at $100 margin per lot). And your Usable Margin will now only be $2,000

With this insanely risky position on, you will make a ridiculously large profit if EUR/USD rises. But this example does not end with such a fairy tale.

Let me paint a horrific picture of a Margin Call which occurs when EUR/USD falls.

The EUR/USD starts to fall. You are long 80 lots, so you will see your Equity fall along with it. Your Used Margin will remain at $8,000. Once your equity drops below $8,000, you will have a Margin Call. This means that some or all of your 80 lot position will immediately be closed at the current market price.

Assuming you bought all 80 lots at the same price, a Margin Call will trigger if your trade moves 25 pips against you.

25 PIPS!

MARGIN:

Margin is the deposit withdrawn from the client account as collateral to cover for losses if any that may result from trades that the client makes. It is returned to the client account when a trade is closed.

MARGIN CALL:

It is a demand for additional funds from the client to bring the client’s margin deposits to a required minimum level to cover for a possible adverse movement in price in the market.

Margin Defined With ForexGen

2008-09-15T18:27:00.000-07:00

So what is meant by the term “margin”? Excellent question my high saturated educator.
Let’s get back to our previous example:

“For example, in the forex investment, you can control $1000 with a $100 deposit. Your leverage, which convey a true impression in ratios, is now 1:100. You’re now controlling $1000 with $100.”

The $100 deposit is the “margin” you have to grant in order to use the leverage.

Margin is the deposit withdrawn from you as collateral to cover for losses if any that may result from trades that you make. It is returned to your account when a trade is closed. Your broker uses it to persevere in your position. Your broker for the most part takes your margin deposit and put them with everyone else’s margin deposits, and uses this one “super huge margin deposit” to be able to operate trades with the interbanks.

Margin is usually represented by a percentage of the whole amount of the position. As an example, most of forex brokers require 2%, 1%, 0.5% or 0.25% margin.
The maximum leverage you can handle with your trading account depends on the margin required by your broker.

These are the widely accepted leverage most brokers offer:
Required Margin Leverage Offered
.25% 1:400
.5% 1:200
5% 1:20
3% 1:33
2% 1:50
1% 1:100

Apart from “margin required”, you will for the most part see other “margin” terms in your trading platform. There is much mixture about what this different “margins” mean so I will try my best to explain each term:

Margin required: is the deposit withdrawn from you as collateral to cover for losses if any that may result from trades that you makes.
Account margin: This is just another brief expression for your trading money supply.
Used margin: The act of your broker locking up amount of money to keep your current positions open. It is returned to your account when a trade is closed or when you receive a margin call.
Usable margin: This is the available money in your account to open new positions with.
Margin call: If the equity in your account goes below your usable margin, a margin call will come into existence and some or all open positions will be closed by the dealing desk at the market price.

ECONOMIC INDICATOR:

A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.

Leverage Defined With ForexGen

2008-09-15T18:20:00.000-07:00

The literary work relevant to the study of “leverage” defines it as having the competence in directing influence over a large amount of money using nothing or very small amount of your money and to borrow with the intention of returning the rest.

As an example, in the forex investments, you can control $1000 with a $100 deposit. Your leverage, which conveys a true impression in ratios, is now: 100. You’re now controlling $1000 with $100.

Let’s say the $1000 investment goes up in value to $1001 or $100. If you had to make an approach with the entire $1000 capital on your own, your bring in would be 1% ($100 gain / $1000 placed at the beginning of investment). It is also called 1:1 leverage. As might be expected, I think 1:1 leverage is a inappropriate designation because if you have to competence in directing influence over with the entire amount you’re trying to have power over, where is the leverage then in that?

It is fortunate that, you’re not leveraged 1:1; you’re leveraged 1:100. You only had to produce $100 of your money, so your bring in is a marvelous 100% ($100 gain / $100 initial investment).
At the moment I want you to do a quick exercise. Calculate what your bring in would be if you lost $100.
If you calculate it as I have done, which is also called the right way, you would end up with a -1% return using 1:1 leverage and an OMG! -100% return using 1:100 leverage.

You’ve in so far as seems reasonably true heard the good hackneyed theme like “Leverage is a double-edged weapon.” or “Leverage is a two-way road.” Well….as you can see, these themes weren’t lying.

DERIVATIVES:

Derivatives are trades that are derived from some other existing products, such as shares, bonds, currencies and commodities. Derivatives can be traded through an exchange or out of Exchange (Over The Counter or OTC). OTC derivatives carry more credit risk as they are traded direct with the counter-party rather than through an Exchange. Examples of derivative instruments include Options, Interest Rate Swaps, Caps, and floors.

Psychology Of Trading With ForexGen

2008-09-15T18:13:00.000-07:00

A trading psychology, it is based on how well you know yourself and are able to gain from your strong points, as well as to have power over you weak ones, has much to do with how successful trader you will be. When you really know yourself, then you are familiar of how you are going to react under specific circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade

The overlapping of psychology and trading is complex. Psychological factors, such as execution of an action with overwhelming sense of apprehension and fear, can interfere with clear-headed decision-making about markets. Many traders put their money at risk without a explainable edge. It is difficult to imagine such kind of trading *not* originate frustration over time. Other traders lock themselves in solid methods, but these may not be accepted with their talents, personalities or skills.

However, sometime trading psychology problems have nothing to do with trading. Your biggest enemy when trading is YOU. If you do not have a professional psychology then decisions will be made and lose money on a steady basis. Here are the main points you need to develop a professional trading psychology:

Trading psychology's main points:

• Trade with an UNDER CONTROL Plan: The plan must contain stop and limit levels for the trade, as your analysis should go completely around the expected downside as well as the expected upside.
• Test all of the facts carefully before you go for a trade. Don't let anyone’s fear or excitement cause you to enter or exit a position before the circumstances match YOUR guidelines.
• What goes down should come back up and what goes up must come down eventually. A good trader knows that there are times it's better to be in an all cash position and watch the market from the sidelines.
• Don't let temporary circumstances cause to deteriorate your convictions. You know that you should take steps to protect your profits when a trend is weakening, so does it. And vice versa.
• Don't fall in love (or hate) with your stocks. Take care at the technical aspects and do the right thing based upon your own system. The reason trading with a plan is the #1 tip is because most expressing analysis is done before the trade is executed.
• Remain emotionally away from the market and the excitement that its movement creates. Don't constantly check your share prices all day long (unless you're day trading).unless you are a day trader, Stay focus on the large trends.
• Unexpected things, both good and bad. Understand the events, and be prepared for them.
• Unless you're trading in short, only increase your position when prices go up. Usually, when a price starts to move it usually continues in that direction for a while.

Capital aka Cash Money With ForexGen

2008-09-15T18:08:00.000-07:00

Money is required to make money. All of us know that, but how much does it need to start trading? It totally depends on how you are going close to your new start-up business.

Firstly, keep in mind how you are going to be educated. There is a lot of ways to learn how to trade: mentors, classes, by yourself, or to combine between the three.

As there are many mentors and classes out there ready to teach Forex trading, most of them will charge fees. The benefits of them is that a well-taught class or great mentor can defiantly shorten your learning curve and gets you on the way of profitability in a very short time in comparing it with doing it on your own.

The negative aspect is the pre-paid cost for these programs, which could varies from hundreds to thousands, it depends on which program you choose. For those who are new to trading, the requirement (cash money) to get these programs is not available.
For those who are unable or feeling reluctantly to pay the cash for education, the great news is that most of the information needed to get started you can find it for FREE on the internet through brokers, forums, articles and websites like forexgen.com
This is no one “correct” special track.

As long as you exercise in self-control and focus on learning the markets, your chances of success increase rapidly. You have to be an overly zealous student. If not, you’ll end up in the poor house.

Secondly, Do you require some special tools to get close to the market such as charts or news feeds? If you are a technical trader, the charts that come along with your broker's platform most of them are enough to meet the needs (and others are really quite good). For traders needs special indicators or even better functionality, of superior quality charting software can begin at around $100 per month. Maybe you already are a fundamental trader and you need the news as soon as it is released, or even earlier than that, before it happens (wouldn’t it be great!). Well, instantly and accurate news feeds run from hundreds to thousands dollars per month. Again, the news could be given free as a courtesy or favor from your broker, but sometime, that extra second or two can be the difference between a profitable or unprofitable trade.

Finally, you need money to trade. Like how much exactly? Well, to be honest here. If you’re tending to be arbitrarily close to the true value of the parameter estimated and practice proper money management techniques, and with not knowing your monthly expenses, then you can probably start off with $50,000 to $100,000 as a trading capital. It’s very known ledged that most businesses fail due to having too little capital for efficient operation, which is especially true in the Forex trading business. So, if you are not able to start with an amount that you can afford to lose, be patient, save time and learn how to trade the right way until you are financially ready.

Carry Trade Risk | ForexGen Tips

2008-09-15T17:57:00.000-07:00

Now, we know that there isn't such a thing as a free lunch. Something that sounds too good to be true must surely have a potential downside. Indeed, the biggest risk in a carry trade strategy is the uncertainty of exchange rates.

When you go long on a currency pair like NZD/JPY as a carry trade, you expect and want the New Zealand dollar to appreciate in value versus the Japanese yen for however long you intend to hold your position for. If NZD/JPY goes up, you will stand to gain not just from the interest spread, but also from capital appreciation. The risk then is of the carry trade pair to decline more in percentage than what you would gain from the interest fees.

Besides looking for currency pairs which offer a wide positive interest rate differential between the two currencies, you also need to assess the directional bias of the currency pair you are considering, and to determine the potential for the higher-yielding currency to appreciate against the low-yielding one.

In the next section, You will find the School of Pipsology where you can learne basic analysis and money management techniques, and it may push you to open a demo account

The trading psychology involves becoming an expert in a multitude of disciplines, including fundamental, technical analysis and sentiment analysis

Before you enter a single trade, read and study enough to know why a tool works, how it works and how well it has worked in many different situations. After you start trading your live account, continue reading and studying some more. The forex market is dynamic and continuously changing.

CYCLES:

Variation where a point of observation returns to its origin. Certain price movement patterns are believed and observed to have recurrence according to Fibonacci sequential numbers, and thus can be predicted accordingly. It is most often used to provide an estimate of timing of a suspected turn of market movements, or a trend reversal.

How Does the Carry Trade Work for ForexGen?

2008-09-15T17:51:00.000-07:00

As a forex trader you know that forex trade in pairs, for example you trade USD/JPY that mean’s buying a US dollar and sell JP Yen. So you pay for JPY and collect the USD.

Technically, all positions are closed at the end of the day in the spot forex market. Brokers close and reopen your position, and then they debit/credit you the overnight interest rate difference between the two currencies.

The amount of leverage available from forex brokers has made the carry trade very popular in the spot forex market. Forex trading is completely margin based, meaning you only have to put up a small amount of the position and you broker will put up the rest.

• example ( trading with broker (X) and charge a commission , fee , interest have a bad leverage and trading with forexgen lowest spread in the market, no swaps, no interest ,no commission, leverage 1:500).
• Trading with forex(X) = low profit
• trading with forexgen= high profit

WELCOME TO FOREXGEN - Swiss Precision - Scandinavian Quality

1 PiP Spread on 10 Pairs
Low Spreads on Crosses
No Swaps - Unlimited Time
No Commissions
No Margin Calls
No Withdrawal Fees
Same Day Withdrawals
Hedging Capabilities

Multi Account Platform
Instant Deposits
No Dealing Desk Accounts
Excellent Support
Premium Trading Tools
Partnership Programs
Instant Account Activation
Standard, Mini and Micro Lots

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as
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The Carry Trade With ForexGen

2008-09-15T17:43:00.000-07:00

A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates - which can often be substantial, depending on the amount of leverage the investor chooses to use.

Here's an example of a "yen carry trade": let's say a trader borrows 1,000 yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% (4.5% - 0%), as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration. If the trader in our example uses a common leverage factor of 10:1, then she can stand to make a profit of 45%.

CORRECTIONS:

Counter-trend price movements that are largely the result of profit-taking. These are technical moves that must occur, and their correction distance can often be measured prior to occurrence by Fibonacci correction ratios.

How to Read the U.S. Dollar Index |ForexGen Advices

2008-09-15T17:08:00.000-07:00

Here’s a chart of the U.S. Holler at the Dollar Index:

First, notice that the index is calculated 24 hours a day, seven days a week. The USDX measures the dollar’s general value relative to a base of 100.000. Huh?!

Okay. For example, the current reading says 86.212. This means that the dollar has fallen 13.788% since the start of the index. (86.212 - 100.000).

If the reading was 120.650, it means the dollar’s value has risen 20.650% since the start of the index. (120.650 – 100.00)

The start of the index is March 1973. This is when the world’s biggest nations met in Washington D.C. and all agreed to allow their currencies to float freely against each. The start of the index is also known as the “base period”.

The USDX Components With ForexGen

2008-09-15T17:02:00.000-07:00

Now that we know what the basket of currencies are, let’s get back to that “geometric weighted average” part. Because not every country is the same size, it’s only fair that each is given appropriate weights when calculating the U.S. Dollar Index. Check out the current weights:

As you can see, with its 12 countries, euros make up a big chunk of the U.S. Dollar Index. The other five make up less than 43 percent.

Here's something interesting: When the euro falls, which way does the U.S Dollar Index move?

The euro makes up such a huge portion of the U.S. Dollar Index, they might as well call this index the "Anti-Euro Index". Because the USDX is so heavily influenced by the euro, people have looked for a more "balanced" dollar index. More on that later though. First, let's go to the charts!

CONTRACT:

An agreement to buy or sell a specified amount of a particular commodity as specified by the Exchange. The contract specifications detail the amount and grade of the product and the date on which the contract will mature and become deliverable if it is not liquidated earlier. Also, a term of reference describing a unit of trade for a commodity future. Unit of trading for a financial or commodity future. Also, actual bilateral agreement between the parties (buyer and seller) of a futures or options on futures transaction as defined by an exchange.

What is the U.S. Dollar Index? ForexGen Education

2008-09-15T16:53:00.000-07:00

If you’ve traded stocks, you’re familiar with all the indices available such as the Dow Jones Industrial Average (DJIA), NASDAQ Composite Index, Russell 2000, S&P 500, Wilshire 5000, and the Nimbus 2001. Oh wait, the last one is actually Harry Potter’s broomstick.

Well if U.S. stocks have an index, the U.S. dollar can’t be outdone. For currency traders like us, we have the U.S. Dollar Index (USDX).

The U.S. Dollar Index consists of a geometric weighted average of a basket of foreign currencies against the dollar.

Come again?! Okay before you fall asleep on us after that super geeky definition, let’s break it down.

It’s very similar to how the stock indices work in that it provides a general indication of the value of a basket of securities. Of course, the “securities” we’re talking about here are other major world currencies.

The Basket

The U.S. Dollar Index consists of six foreign currencies. They are the:

Euro (EUR)
Yen (JPY
Cable (GBP)
Loonie (CAD)
Kronas (SEK)
Francs (CHF)

Here’s a tricky question. If the index is made up of 6 currencies, how many countries are included?

If you answered “6”, you’re wrong. If you answered “17”, you’re a genius.

There are 17 countries total because there are 12 members of the European Union plus the other five (Japan, Great Britain, Canada, Sweden, and Switzerland).

It’s obvious that 17 countries make up a small portion of the world but many other currencies follow the U.S. Dollar index very closely. This makes the USDX a pretty good tool for measuring the U.S. dollar’s global strength.

How to Use the COT Report | ForexGen Tips

2008-09-15T16:45:00.000-07:00

In this section we will show you how to use the Commitment of Traders (COT) reports to accomplish this goal as we will skillfully explain how to break down the COT data into producers, consumers, and funds so you understand the positions and activities of these key market participants. In addition, you will be able to detect position imbalances that could be harbingers of major trend changes.

By analyzing the data provided by the COT report, traders can see the market participants prepared or positioned themselves ahead of significant market turning points and in front of extensive bull and bear markets.
While the Commitment of Traders tracks the positions (longs and shorts) held by all market participants, my analysis further breaks down this data and applies proprietary statistical measurements and indicators to identify trading opportunities. We combine these indicators with proprietary price indicators and graphically present the results to you.

Breaking the COT down to its elements, we see that there are three key market participant categories:

1) “Com” -- large commercial positions (producers & consumer hedgers)
2) “NC” -- large non-commercial positions (commodity investment funds)
3) “SM”-- non-reportable positions (small speculators and small hedgers)

Each category represents a particular group of participants. The Com category represents the commercial hedgers which are considered the most knowledgeable in each market, because their very livelihood depends on getting it right with respect to future prices. These two groups of commercial participants have different reasons for being in the market; however, both share the same goal, which is to reduce their risk in the cash market. For the producer, this may mean locking in a particular price using futures contracts to reduce the risk of being forced to sell their “produce” at lower prices in the cash market. A commercial consumer on the other hand, is concerned about the possibility of rising raw commodity prices. They will also use the futures markets to control or contain this risk.

Here’s a chart example:

This is an example chart of the US Dollar index. In the upper part of the chart we have the price action of the USD index futures with each bar representing weekly data. At the bottom of the chart there is data on the net long/short positions broken down into three categories:
• Commercial (Blue)
• Large Non-commercial (Green)
• Small Non-commercial (Red)
We will pay attention to the Large Non-commercial positions since commercial positions are for hedging and small retail traders aren’t really a factor.
There is the US Dollar began with a little bull run at the start of 2005. As the value of the net long positions of large speculative traders (green line) rose, and so did the price of the USD futures index. In the first week of July 2005, net long positions grew to over 20K contracts. This was an area of longs. The USD index price dropped from 91 to 86, but it only proved to be a retrenchment as the index rallied to a new high of about 93.16 and higher level of 29K net long contracts.
Now you can see the number of long USD index futures contracts decline and a drop in the index price from 93 all the way down to about 84. In which you would gain a lot of profits if you had put a position there

Commitment of Traders Report With ForexGen

2008-09-15T16:40:00.000-07:00

The Commitments of Traders (COT) reports can be a very powerful trading tool to help anticipate market direction as it provides a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC., and it measures the net long and short positions taken by traders in the futures market. Of course, it is very important to know that For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading, changes from the previous report, percents of open interest by category, and numbers of traders

The report is pretty straight forward, but here’s a quick run down of what each category is.
• Non-Commercial – Traders such as individual traders, hedge funds, and financial institutions. who are looking to trade for speculative gains.
• Commercial - These are the big businesses that describes an entity involved in the production, processing, or merchandising of a commodity that uses currency futures to hedge.
• Long – it is reported to the Commodity Futures Trading Commission (CFTC). It includes all of the information on the 'short report', with the concentration of positions held by the traders.
• Short - number of short contracts that shows the reportable & non-reportable positions reported to the CFTC.
• Open interest-it represents the number of contracts (Options and contracts) which has not yet offset by a transaction, by delivery or exercise.
• Non-reportable positions: Long and short positions of traders that do not meet the reportable requirements of the CFTC.
• Number of traders- total number of traders who are required to report positions to the CFTC.
• Reportable positions;- the options and futures positions that required to be held above specific reporting levels set by CFTC regulations.

Getting Sentimental with ForexGen Trading

2008-09-15T16:32:00.000-07:00

Sentimental analysis is what it sounds like – gauging the market sentiment. What does that mean? Well, as traders, a part of our job is to determine if a market is bullish, bearish, overbought, oversold, and to plan a trade for those market conditions – basically putting all of the things we’ve learned up until this point all together.

So how do we do that? What tools can we use? And how do we react to certain conditions? Well, that’s what we’re going to find out today – we’re going to take a look into sentiment analysis in forex trading.

Now there are a couple of ways to gauge different market conditions. Does anyone know what those two things are? You guessed it: technical and fundamental analysis. Now, in the School of Pipsology, we’ve covered most of the commonly used technical indicators out there for forex trading, so you should be an expert at that already right?

But how about the fundamental tools? What fundamental tools are available to gauge sentiment?

Well, in stocks and options, sentiment is measured using volume data. For instance, if a declining stock suddenly reversed on high volume that means the market sentiment may have changed from bearish to bullish. Or if a stock price was rising on gradually declining volume, then that may be a sign of an overbought market.

But have you ever seen volume data on any forex charts?

Probably not.

Being that the foreign exchange does not have a centralized market, volume data cannot be accurately calculated. So, where’s a trader to go to get such valuable data? That’s where the COT report comes in.

News Trading Methods With ForexGen

2008-09-15T16:26:00.000-07:00

Straddles

Straddles are really easy to set up and require very little thinking, but it is probably the riskiest method of trading the news. To set up a straddle, you basically put a limit order to go long a few pips above the market before a news report, and simultaneously put in a limit order to go short a few pips below the market. If the report creates enough volatility your orders will be automatically triggered, and your stops and profit levels will also be automatically executed if hit. Simple as that.

There are two types of the Straddles:

Long Straddle:

A long straddle involves going long (i.e. buying) both a call option and a put option on some stock, The owner of a long straddle makes a profit if the underlying price moves a long way from the strike price, You may take a long straddle position if you think the market is highly volatile, but does not know in which direction it is going to move.

Short Straddle:

The short straddle is a non-directional options trading strategy that involves simultaneously selling a put and a call of the same underlying security, strike price and expiration dateThe profit is limited to the premiums of the put and call, but it is risky if the underlying security's price goes up or down much.This strategy is called "nondirectional" because the short straddle profits when the underlying security changes little in price before the expiration of the straddle.

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Trade at Your Own Risk! ForexGen Tips

2008-09-15T16:18:00.000-07:00

As much as we knew about the news trading, we should know all about the risks that we may face,

Slippage

Is the difference between the price a trader expects to be filled at, and the price they are actually filled at.
As an example, the Market volatility can increase geometrically during news releases, which means the price can move from 5 pips up to 30 pips (or even 50 pips or more) in a few minutes or even a few seconds. As you are trying to get your order filled during this volatility of the news, you will probably get filled at a different price than what you have expected. This is especially risky with limit entry orders.

ORDER FREEZE

Some brokers do not encourage the limit and market orders so they prevent it right before a major news release. This usually occurs with brokers who guarantee fixed spreads. This is why your trading platform “locks up, So as to save their money when the spread is too wide, as, if they offered them with their fixed spreads, they would lose a lot of money.

VOLATILITY/ WHIPSAWS

During the major news reports and economic releases the market can swing 15 to 50 pips in a second! News volatility can be extremely dangerous, even for experienced and professional traders. You may successfully catch the strong initial move and make a lot of money, but like so many times as usual in these situations, it can turn against you into a losing trade in a second.

SPREADS

Some brokers may guarantee execution but no one can guarantee spreads, when news events take place you will see spreads widen dramatically from 4 up to 13 pips in a very small time as low as 1 second. And in case if you want to on small profits like from 5 up to 10 pips, this will reduce your chances of profitability and possibly keep you in a losing trade.

Tradeable Reports With ForexGen

2008-09-15T16:11:00.000-07:00

Trading news requires considerable patience. By standing away from the most releases, you have to know which releases are actually expected that week, You do not have to pay attention to every single report just pick and choose.
Here we will discuss on U.S. news and economic reports because the U.S. dollar is involved in a majority of currency trades, Also you will find that the top nine U.S. releases led to a 56 pip reaction in the EUR/USD in the first 20 minutes following the release. Depending on the nature of the release, the movement could actually range in size from 33 to 124 pips. therefore it tends to have the most significant impact on the currency markets.

Here is a list of some of the top U.S. market moving reports:

1. Interest rate decision
2. Manufacturing sector surveys
3. Retail sales
4. Inflation (Consumer Price Index and Producer Price Index)
5. Unemployment
6. Industrial production
7. Business sentiment surveys
8. Consumer confidence surveys
9. Trade balance

Every country has a set of major reports similar to this list. And since these reports are scheduled in advance you will find it in a plenty of websites on the Internet with scheduled rankings.

Things to Know When Trading News Reports

Now that we know exactly when you can trade the news, there are a few concepts you should know before starting your news trade.

The actual news report is essential to the long-term movement of a currency pair, in the short-term the difference between the market expectations and the release of the news is what causes the breakout opportunities. This means economic reports that come out as the market expected generally do not affect the market reaction.
The quieter the market is before releasing a news report, the more the market depends on a significant move. In a quiet market, a small number of traders are trading, possibly waiting for a catalyst as a news report, When this “catalyst” takes place all of these traders who are waiting jump in at the same time causing a strong movement in the market. So, the more traders waiting, the larger movement will take place after a news report.
Depending on the amount of deviation of the actual to the forecasted number and the significance of the economic report, news breakout opportunities are generally last for only a few minutes or even a few seconds. Trading news releases may be so helpful for scalpers and normal day traders.

Trading the News With ForexGen

2008-09-15T15:56:00.000-07:00

Is a popular technique in the forex markets … Everyone wants to trade the news as you can see currency pairs move dramatically within seconds after the release of major news like “The US Retail Sales” and others and it responds not only to U.S. economic news, but also to news from around the world.
That’s easy money! Depending on how are you trading this news. So for those who want to trade news there are plenty of opportunities and you will be able to know different strategies through this lesson.Our goal is to make the most of your trading knowledge and we willl provide you with all of the steps needed to know how to trade the news

Which Pairs to Trade?

THERE ARE A LOT OF CURRENCIES AVAILABLE TO TRADE , The following are the eight major currencies:

1. U.S. DOLLAR (USD)
2. EURO (EUR)
3. SWISS FRANC (CHF)
4. BRITISH POUND (GBP)
5. NEW ZEALAND DOLLAR (NZD)
6. AUSTRALIAN DOLLAR (AUD).
7. JAPANESE YEN (JPY)
8. CANADIAN DOLLAR (CAD)

OTHER CURRENCIES ARE BASED ON THE COUNTRY’S ECONOMIC, COMPANY AND INSTITUTIONAL RELEASES

The list below displays the times when the most important economic data are released for different countries.

Country	Symbol	Time
United States	USD	13:30 - 15:00
France	EUR	07:45 - 09:00
Japan	JPY	23:50 - 04:30
Great Britain	GBP	07:00 - 09:30
Canada	CAD	12:00 - 13:30
Australia	AUD	22:30 - 00:30
New Zealand	NZD	21:45 - 02:00
Switzerland	CHF	06:45 - 10:30
Germany	EUR	07:00 - 11:00
Italy	EUR	08:45 - 10:00

Trading With the Trend - ADX Strategy With ForexGen

2008-09-15T15:51:00.000-07:00

The currency markets are known to trend well. At the same time, catching a trend and staying with it, is not as easy as it seem s.

Price always moves in wave motion, forming impulsive and corrective waves and m any a times a major retracement could be interpreted as a reversal, only to see the trend continue.

The market saying of "trading the pullback" would fit this situation well.

Hence, if we can identify a strong trend and correctly interpret the corrective waves of the trend as a retracement, it would make trading more profitable.

With this in mind, we shall make a system that gives us the ability to trade pullbacks in the direction of the main trend by combining 2 technical indicators.
The advantage is that the unique characteristic of each, gives us the combined interpretation that we are looking for
.
The first indicator is the ADX with the standard setting of 14. It is a trend indicator, which identifies a sustained movement in one direction. Once the ADX rises above a certain level a trend is said to have been established. You stay with trending positions longer, simply by observing that the ADX is not declining. An ADX reading of above 30 indicates that a strong trend is in place and we shall use this parameter for our strategy.

The second indicator is the Exponential moving average with a look back period of 21. The basic use of the EMA 21 is that it often acts as a dynamic barrier of support and resistance. In an uptrend price will remain above the 21EMA and more often than not, find support on the average in a continuing trend.

By combining these unique characteristics of the above two indicators we now define our parameters f or the system. We will define a long trade and the same rules apply f or a short trade by reversing the parameters.

Initially an ADX reading of above 30 is needed, which indicates that a strong trend is in place.

Once this parameter has been met and price retraces back to the 21 EMA we have a buy signal.

We enter the trade on the break of the high of this pullback bar, and place the stop below the low of the entry b ar. The exit would be when prices cross the 21EMA down.

And as we can see in the chart we have both long and short trades completed successfully. It is a very simple strategy with a high probability of success. Since we are going with the trend we are waiting for price to confirm our trades. The basic drawback is that it works only in trending markets and should not be used when price is range bound.

The ADX (Average Directional movement Index) Indicator With ForexGen

2008-09-15T15:44:00.000-07:00

The ADX is part of the direction movement system introduced by J.Welles Wilder in his book New Concepts in Technical Trading Systems. It comprises of the Directional Movement lines _ the plus DMI line and the minus DMI line _ and the ADX line (the Average Directional Movement Index)

ADX is created with reference to both positive and negative directional movement and identifying sustained movement in one direction. When this occurs ADX will rise (irrespective of whether the trend is higher or lower). Trend direction is identified by whether positive movement (DMI+) is above or below negative movement (DMI-). Once ADX rises above a certain level a trend can be said to have been established.
Although the average directional movement index (ADX) isn't used as frequently as some of the popular technical indicators the ADX line has definite advantages because it filters out a lot of the false oscillator signals which are frequently given early in a move.
A trader can stay with trending positions longer by following the simple guidelines for the ADX line. A climb by the ADX line above 40 followed by a downturn, signals an imminent end to the current trend (whether up or down).

The ADX is less helpful during sideways markets. During extended consolidation periods the ADX line will slip toward 10. When ADX approaches 10, a major move is usually about to take place. But the ADX line doesn't tell you which direction it will go. You have to rely on other indicators for the probable direction of the next move.
In short, if the market is trending, the ADX line should be rising. During an extended consolidation period the ADX line will slip toward a low number.

To sum it up _

When the ADX starts rising from a low level it signals the beginning of a trend.
The trend is confirmed when the ADX ha s risen above the 20-25 value and the +DMI line has crossed the _DMI line (in case of an uptrend)

When the ADX has reached an overbought level of 40-50 and starts consolidating or turning down it can signals the end of the current trend.

The decline of the ADX signals the consolidation or indecision of the market.
The optimum use of this indicator would be to consider trades only when the ADX has started to rise from a low level, as it indicates that a sideways basing pattern has been formed and trends usually emerge from extended sideways periods giving highly profitable trades.

The chart example shows how the ADX effectively indicates a range bound area and the breakout forming the subsequent trend.

Weekly 3 Bar Pattern With ForexGen

2008-09-15T15:39:00.000-07:00

Weekly 3 bar PatternThe Weekly 3 bar Pattern is a strategy which is ideal for position trading and is very effective on larger time frames, like the daily or the weekly chart.
Basically this technique allows a trader to stay with the trend for a longer period of time. You can use a candlestick or bar charts along with the DMI indicator with a setting of 10. But I prefer the candlestick charts since reversal patterns are easier to spot on this.

Our strategy is to determine if the pullback of price in an ongoing trend will lead to a change in trend direction or will turn out to be just a retracement. Hence we choose an indicator which tells us when pr ice is in the overbought/oversold area.
Any oscillators like the slow stochastic, RSI or MACD will give us this information but these oscillators have a basic draw back which defeats the very purpose of our strategy. In a strongly trending market the oscillators remain overbought/oversold for an extended period of time, thus giving false signals.
So we use the DMI indicator, which gives more accurate information on a change of momentum.

We will look at the technique for a short setup and simply reverse the rules for a long setup. The basic function of the DMI indicator is to confirmed a trend when the (+) DMI line has crossed the (?) DMI line (in case of the uptrend).
The end of the current trend is signaled by the DMI when it reaches an overbought/oversold area and starts turning from there. This indicates a change in momentum of price, and we would expect price to start moving to the downside.

But the change in momentum does not necessarily mean a change in trend. It could also mean that price is catching its breath to resume the main trend.
(A reading of 45 on the DMI is considered overbought and we will use this setting to define the change in the DMI.) So we use price action for a confirmation, which brings us to the 3 bar pattern.

We look for the highest high in an uptrend when the DMI reading is +45 and starts retracing down. It would probably be the bar where the DMI is at its peak.

We then count back 3 bars from this the bar which has made the highest high (including the highest high bar) and we place our sell stop orders beneath the low of this third bar.

We can define the exact parameters of our setup for this technique as-
Price is in an uptrend, with the (+) DMI line above the (-) DMI line.
The (+) D M I line exceeds the 45 reading and starts retracing down.
We identify the highest high at or before the price bar where the DMI turned down.
We count back 3 bars from this highest high bar (including the highest high bar.)
We place our sell stop order beneath the low of this third bar.
Now if this retracement is just a temporary pullback, then price should not cross the low of this third bar. In which case our order does not get filled and we look for a long entry to remain in the uptrend.

If, on the other hand, price does break this low of the third bar, it would mean that a change in trend has taken place.

This low of the third bar is chosen because it is far enough away to give the market enough room for a pullback and al so far enough away to avoid getting caught in stop running. This allows us to remain in the existing uptrend for a longer time and also get into a new trend much earlier as we can use the stop level as an entry level for a new position.

Looking at this example of the NZD/USD weekly chart we have two situations where the DMI crossed the 45 mark (marked as the blue line). This is the identifying set-up for this technique and we follow the rules laid down earlier.

As we can see in situation one, we place our sell stop below the low of the third bar but price does not come down to it. This is a strong sign of the continuing uptrend and we can resume a long position on a break of the most recent high before the pullback.

In situation two, the price did break t he line after pausing for some time. This signaled a change in trend, which was also confirmed by the (+) D M I line crossing the (-) DMI line to the downside.

Another way to trade this technique is to wait for the D M I to reach the 45 level, wait for the pullback and enter on the break resistance level (previous highest high of the 3 bars) once the trend resume s. This can be useful when the DMI becomes overbought /oversold as there is often a period of consolidation.
These types of patterns occur frequently on weekly charts and can give good trading opportunities.

Bollinger Bands & ADX With ForexGen

2008-09-15T15:33:00.000-07:00

Bollinger Bands & ADXIf there is one thing that a trader would want to know for certain, it would be how to pinpoint the bottom or top of a trend.

But simple as it sounds, it is easier said than done. Trying to determine if a certain market wave is complete or just a retracement in the larger trend becomes more of an art than a science.

In such situations, using multiple sources of confirmation helps to avoid the potential false signals and preserve our capital for only those situations that provide us with the most favorable risk to reward scenarios.

Keeping that in mind, we will use two very different indicators? The Bollinger Bands and the ADX - to form a method which should help us to "catch a falling knife."

Bollinger Bands is an indicator that allows users to compare volatility and provide a relative definition of high and low. The indicator consists of three bands which usually encompass the majority of price action:

A simple moving average in the middle
an upper band (SMA plus 2 standard deviations)
a lower band (SMA minus 2 standard deviations)

The basic interpretation of Bollinger Bands is that price tends to stay within the upper and lower bands. Because standard deviation is a measure of volatility, Bollinger bands adjust themselves to the market conditions.

When the markets become more volatile, the bands widen (move farther away from the average), and during less volatile periods, the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply.
Bollinger Bands Characteristics:

Sharp price changes tend to occur after the bands tighten as volatility lessens.
When price moves outside the bands, a continuation of the current trend is implied.

Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for a reversal in the trend.
A move that originates at one band tends to go all the way to the other band. This observation is useful when projecting price targets.
Based on these, one may go long or buy the market below the lower band while selling short the market above the upper band. However, this can become a dangerous proposition if the market develops a strong trend, and price starts "walking the band" creating new extreme price levels.
The ADX indicator measures the strength of the current trend, rising during extreme trending states, and falling as t he market retraces in a range-bound state. The ADX line has definite advantages because it filters out a lot of the false oscillator signals which are frequently given early in a move.

ADX Characteristics:

When the ADX starts rising from a low level, it signals the beginning of a trend.
The trend is confirmed, when the ADX has risen above the 20-25 value.
When the ADX has reached an overbought level of 40-50 and starts consolidating or turning down, it signals the end of the current trend.
A decline of the ADX signals the consolidation or indecision of the market.
It is this last feature of the ADX that we shall combine along with the Bollinger bands.

If we are looking for a downtrend to end, we would look for price to thrust outside the lower Bollinger band by reaching an extreme oversold level. This by itself may not be the confirmation that t he trend has run out of strength.

But at this point, if the ADX starts declining from its overbought values, then we have a better probability of the momentum changing. The market then reaches "a critical turning point" as the ADX turns back to the downside, while the price falls below the lower Bollinger Band.

This indicates that although the market has accomplished a relatively oversold state, the internal strength of the trend has weakened and now stands a smaller chance of continuing lower.

Let us observe the use of this strategy on the following chart example

Using the CCI Indicator with the Candlestick "Reversal Bar" Pattern

2008-09-15T15:27:00.000-07:00

ForexGen Represents All You Need About Forex
In this lesson I will show you how to combine the characteristics of the CCI indicator along with the Reversal Bar candlestick to form a little trading method. I will be using the reversal bar and not the Key Day Reversal Bar (there is a difference).

First let us look at the basics of these two indicators to help us understand why we should combine them.

CCI

The Commodity Channel Index developed by Donald Lambert is designed to identify cyclical turns in price. It is a momentum indicator, which measures the position of price in relation to its moving average. This signals when the market is overbought/oversold or when a trend is weakening.

It is represented by a single line, which oscillates between fixed ranges of +200 to -200. In its basic form it can be used in 2 ways?
1. As an overbought/oversold indicator. When the CCI moves above +100, it indicates a strong uptrend and the +200 value would determine the overbought area. Price would be expected to turn down from around the +200 range and a sell order could be placed once it crosses the +100 level down.
2. To determine divergences from the price trend.

Reversal Bars

These are single candlestick patterns, which are very effective. In the example below I have used a daily chart but these parameters could apply to any time frame.

For an Up Reversal Bar (reverse the rules for a down Reversal Bar) –
Reversal Bars work best in a developed trend? If a trend has been going for some time, then it is reasonable to wonder when it is going to end. The reversal bar can help. If a trend has previously been down, then the reversal bar (bar #2) should make a lower low.
Close should be greater than the previous close: Not only should the price reverse back up, but it should do so convincingly.

Close should be greater than the open: At the end of the day there is more interest in buying the market than selling it.

Reversal Bar

How Parabolic SAR Works | ForexGen

2008-09-15T15:20:00.000-07:00

The first entry point on the buy side is considered when the most recent high price has been broken and it is then that the SAR will switch to under the most recent low price.

As the price rises the dots will rise as well, first slowly and then picking up speed and accelerating with the trend. This is the acceleration factor. The SAR level starts to move a little faster as the trend develops and the dots soon catch up to the price action.

Presuming there is an uptrend, the dots (SAR Level) will be below price. As time goes on the distance between the price and the SAR level will decrease, until eventually the market will pullback and touch the SAR level. When this happens the SAR Level (dots) w ill move to above the price.

The main drawback to this indicator is that al though it works extremely well in markets with a dominant trend, it fails miserably in horizontal or choppy markets.
Another downside is that when price does not develop consistent trends, it creates a jerky SAR which makes it difficult to enter and exit.

The following example illustrates the above characteristics?

It is beyond this lesson to give the exact calculation of the acceleration factor and it is not really necessary to know the formula as most charting services now incorporate the system in their indicator range.
My Use of SAR

So far so good. The indicator is simple to trade and is very visual so it's easy to know when you should be short or long. If the SAR points (dots) are above the market you should be short and if they are below the market you should be long.
Here's the problem as I mentioned before, as a stand alone method it does not perform well.

Now you may be asking, if there is so much whips aw and the method isn't reliable, why mention the indicator at all? Good question and here are two reasons I still like to look at the indicator.

Parabolic SAR With ForexGen

2008-09-15T15:05:00.000-07:00

The Parabolic SAR (Stop And Reverse) was developed by J. Welles Wilder Jr. and is described in his book New Concepts in Technical Trading Systems.
This is a time/price indicator, first introduced by Wilder and the term 'parabolic' comes from the shape of the curve (resembling a parabola) created on the chart.
Sometimes called a reversal system, the Parabolic SAR allows the trader to follow the dots (stop and reverse level) in an upward or downward trend until a SAR point is reached and the trend reverses.

It is primarily used in trending markets and is based on always having a position in the market. This is where the term CSAR' comes from? Stop and reverse.
The indicator may also be used to determine stop points and to estimate when to reverse a position and take a trade in the opposite direction.

Parabolic SAR is more popular for setting stops than for establishing direction or trend. Wilder recommended establishing the trend first and t hen trading with Parabolic SAR in the direction of the trend.

The interpretations in brief are -

If the trend is up, buy when the SAR moves below the price. This will be the stop level below the current price, which will move up every day (if trading daily bars) until activated (when price falls to the stop level).
If the trend is down, sell when the SAR moves above the price. This will be the stop level above the current price, which will move down every day until activated (when price rises to the stop level).

Example of what SAR looks like.

Rate of Change - ROC | ForexGen

2008-09-15T14:56:00.000-07:00

Technical analysis tends to give a mathematical face to the emotional factors, which guide the market. But it is a difficult task to logically dissect the trading activity into a straight forward formula.

Hence, it is important to view the market from as many different angles as possible. Looking at the same picture from different angles can often give a better picture to the overall price action.

With this in mind, let's use price action and an indicator to look for potential set up's. The price action can be defined as the normal trading range of the market and we shall use the "Rate of Change" (ROC) indicator to confirm this normal price action or the deviation from it.

The Rate of Change is a simple momentum oscillator that calculates and plots the net change (expressed as a percent) between a bar's price and the price a specified number of bars ago. Basically, it is no different from the Momentum indicator, but it expresses price movement as a percentage around 100 rather than a number of points around a zero line.

The ROC gives a value that will be above 100 (if price is moving higher) or below 100 (if price is moving lower). With the center line set at either 0 or 100, the ROC can be used to identify range bound conditions. As the ROC forms a triangle shape, indicating consolidation we should then take note of what is happening on the candlestick chart.

This is the reason why we have chosen the ROC oscillator. Because, when the market breaks out of its trading range, the ROC will reflect this change as it breaks out of its own consolidation pattern.

Trend Trade With ForexGen

2008-09-15T13:56:00.000-07:00

One reasons I want you to study this lesson is because it is too easy to get caught up in a complex method or system. Remember, it doesn't matter what approach you take to the market, the market can only do one of three things:
1. Go Up
2. Go Down
3. Go sideways

The move below is such a classic that it is worth studying. The more you can identify and recognize a good move, t he better the chances you have of becoming a good trader.
Let's have a look at the first daily chart of the GBP/USD (Pound/Dollar). If you look at the red line marked resistance, you can see that the market tested this area twice before but couldn't break through. This is your first clue. The more a market tests an area without breaking thro ugh, the more likely the move will be explosive when it does happen.

In this particular case, the GBP was unable to break the resistance area for months. The market came back up to the resistance area and that is where you would pay careful attention. In a situation like this, the market will normally do one of two things:

1. Break through previous resistance, in which case you could expect a big move.
2. Fail at this level and make its way back down.

Let's look at each scenario. If the market breaks out, we can expect a big move because it has tested this area before and a push above the resistance area will take out a lot of stop loss orders. If this happens we should be ready to jump on and hang on in there until we have reached our target. If we missed the initial breakout, then we should be ready to take advantage of any pullbacks to get in.
The second scenario is that the market fails to break through previous resistance and start back down. If the is the case then there is nearly always an area of consolidation. If the market passes back through support then there is an opportunity to go short.

As it happened the market did break through resistance and never looked back.

Now look at the next chart. The market made its move, which began at point A, made its way up to point B and pulled back to point C. This is a classic Fibonacci move and you should have been ready again for another trade at point C. It doesn't matter what happened after that up bar at point C because you should have been ready and waiting for it to happen and made enough just from that one bar to justify a trade.

Daily Chart of GBP/USD

CANDLESTICK CHART:

A type of trading chart that consists of four major prices: high, low, open and close. The body of the candlestick bar is formed by the opening and closing prices. To indicate that the opening is higher than closing, the body of the bar is left blank. If thee instrument closes below its opening, the body is filled.

Forex Basics | ForexGen School

2008-05-15T20:49:00.000-07:00

ForexGen Provide you Today With The Most Common Forex Basics To Help You Getting Start In This Profitable World.

What is Leverage ?
This is the one characteristic that makes ‘FOREX’ trading so appealing trading more money than you have in your account. It’s of course a double sword and creates risk. The bulk traders fail at ‘FOREX’ trading because the over leverage their positions. For example, for every $1,000 you have, you can trade 1 lot of $100,000. So if you have $7,000 they may allow you to trade up to $700,000 of forex. Leverage to deal with it you need to enter & exit at optimum risk reward.
What is a margin call ?
A broker’s demand on an investor using margin to deposit additional money or securities so that the margin account in brought up to the minimum maintenance margin. This is sometimes called ‘fed call’ or ‘ maintenance call.You would receive a ‘MARGIN CALL’ from a broker if one or more of the securities you had bought (with borrowed money) decreased in value past a certain point. You would be forced either to deposit more money in the account or to sell some of your assets.
Example #1Let’s say you open a regular Forex account with $3,000 (not a smart idea). You open 1 lot of the EUR/USD, with a margin requirement of $1000. Usable Margin is the money available to open new positions or sustain trading losses. Since you started with $3,000, your usable margin is $3,000. But when you opened 1 lot, which requires a margin requirement of $1,000, your usable margin is now $2,000.
If your losses exceed your usable margin of $1,000 you will get a margin call.
Example #2 Let’s say you open a regular Forex account with $15,000. You open 1 lot of the EUR/USD, with a margin requirement is $1000. Remember, usable margin is the money you have available to open new positions or sustain trading losses. So prior to opening 1 lot, you have a usable margin of $15,000. After you open the trade, you now have $14,000 usable margin and $1,000 of used margin.
If your losses exceed your usable margin of $14,000, you will get a margin call.

How To Choose Your Broker | ForexGen Tips

2008-04-15T20:48:00.000-07:00

So you've finally made
the decision to trade the forex market and want to open an account with a broker, but where do you start? If you don't already know the forex market is still largely unregulated although new guidelines laid down by the National Futures Association in the US about capitalization, finally came into effect on 21st December 2007. They are an attempt to force out brokers with insufficient funds and to offer traders better protection.

With so many different choices out there, how does a Forex "newbie" choose a broker? Chances are most new traders have no idea on where to start - and that's RIGHT ! We're here to help! We have put together a simple three step process to help you find a broker that YOU think will best suit YOUR needs. You might be thinking now, "Three steps? That's it?"

First Step :- Do the market research and ask yourself

1- Is this broker registered with any regulating authorities? Check to see if your broker of choice is registered with the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they're based in the US. If the broker is based in the United Kingdom, check with the Financial Service Authority (FSA). If the broker isn't registered with any of these or any other recognized regulating firm, then you may want to think twice before signing up with them.

2- Dealing Desk or Non-Dealing Desk broker? Does the broker offer fixed or non-fixed spreads? How wide are the spreads? These questions are more significant to those traders who like to take quick profits on a few pips. Large and/or variable spreads can cut into the profits of this type of trading strategy.

3-How much or how little leverage will a broker give you? before deciding on how much leverage would be suitable for your trading style. The phrase, "Less is More," can save every newbie.

4- Does this broker credit or debit daily rollover interest? Some brokers either do both, deduct interest, or neither. This information is important to traders who hold positions overnight.

Second Step :- Compare brokers

Let's not beat around the bush, now you need to compare the brokers you hade already choosed.

Third Step :- Open Demo Account

Pick at least two brokers that fits most of your criteria and open up demo accounts. Trade in different market environments. Learn all the different features of each trading platform. If you have questions, don't be afraid to ask. Many brokers have excellent customer service support and would be happy to answer your questions.
Most demo trading platforms are very similar to their live counterparts, but not exactly the same. There may be a difference in speed of execution, slippage, and platform reliability (most of the time live accounts are more reliable than demo accounts). When you do have your strategy down and you are ready to move to a live account, start off small, test the waters, and see if this particular broker will suit your trading needs.

CandleStick Patterns & Reversal Patterns

2008-03-15T20:51:00.000-07:00

What do Candlesticks look like?
Candlestick charts are much more visually appealing than a standard two-dimensional bar chart. As in a standard bar chart, there are four elements necessary to construct a candlestick chart, the OPEN, HIGH, LOW and CLOSING price for a given time period. Below are examples of candlesticks and a definition for each candlestick component:
The body of the candlestick is called the real body, and represents the range between the open and closing prices. A black or filled-in body represents that the close during that time period was lower than the open, (normally considered bearish) and when the body is open or white, that means the close was higher than the open (normally bullish). The thin vertical line above and/or below the real body is called the upper/lower shadow, representing the high/low price extremes for the period (one period of time measures the duration of selling or buying within the market). As a trader, you can use any time period you want, time intervals may be a tick chart, 1 min, 5min, 10 min, 1 hour, 4 hour, 1 day,…

Choose a Forex Broker | ForexGen Academy

2008-03-15T20:48:00.000-07:00

Choosing a forex broker can be daunting task. They all seem to sound so good when you read their sales pages, but how do you know which ones are worth your money?

Customer Service

Forex trading hours vary depending on what currencies you are most interested in trading. With that in mind, it is important to find a broker with 24 hour customer service. The forex markets can be wild at times. If you had a question about order execution or a closed order, you should be able to get your question answered no matter what time it is.
A good test of a forex broker’s customer service ability is to contact the support desk and ask some questions by phone. Keep notes on how responsive they are to your questions and what attitude they have about answering them. Remember, you are trusting these people with your money. You need to feel absolutely comfortable that all your needs will be addressed.

Currency Pairs

Find a broker that offers the currency pairs that you are most interested in trading, or at least a good variety to choose from. Currency pairs tend to have different breathing patterns and especially when starting out, you want to have a good menu of selections.

Software

A professional and easy to use trading platform is a must. You would not want to be struggling with the features of the trading platform while trying to make a trade. Any reputable forex broker will offer the ability to trade on a demo account. The demo software operates the same way as the live trading platform. This will give you a chance to fully test out the trading platform without the pressure of using real money.

Reputation

Always check the reputation of a forex broker. One way is to do a google search with the name of the broker plus the word “complaints”. Check around and get opinions from traders on forex message boards. Spend a fair amount of time doing your research. This is an important relationship. You will want to be absolutely comfortable with the broker that you decide on.
The important thing to remember is that you will have to do some homework here. It is imperative that you are not lazy about it. Don’t be sucked in by a glossy sales page with extraordinary claims. Investigate! Use a demo account. Take some time to shop around. In the end, you will be happy that you did.

Find Out More

Forex Orders Types

2008-02-15T20:50:00.000-08:00

In Forex Every Small Trade Controls Your Mind For Certain Minutes , Hours Or May Be For Days .... Thats Because There Is A Little Difference Between Profit And Loss , Just A Little Difference Between Making Millions And Losing Every Thing.....

Just Two Button Decide What You Will Gain ( Buy Button / Sell Button ).

So Take Care , Every Small Minute COUNTS

Order Types
Basic Order Types
There are some basic order types that all brokers provide and some others that sound weird. The basic ones are:
(Market order)
A market order is an order to buy or sell at the current market price. For example, EUR/USD is currently trading at 1.2140. If you wanted to buy at this exact price, you would click buy and your trading platform would instantly execute a buy order at that exact price. If you ever shop on Amazon.com, it's (kinda) like using their 1-Click ordering. You like the current price, you click once and it's yours! The only difference is you are buying or selling one currency against another currency instead of buying Michael Jackson CDs.
(Limit order )
A limit order is an order placed to buy or sell at a certain price. The order essentially contains two variables, price and duration. For example, EUR/USD is currently trading at 1.2050. You want to go long if the price reaches 1.2070. You can either sit in front of your monitor and wait for it to hit 1.2070 (at which point you would click a buy market order), or you can set a buy limit order at 1.2070 (then you could walk away from your computer to attend your ballroom dancing class). If the price goes up to 1.2070, your trading platform will automatically execute a buy order at that exact price. You specify the price at which you wish to buy/sell a certain currency pair and also specify how long you want the order to remain active (GTC or GFD).
(Stop-loss order)
A stop-loss order is a limit order linked to an open trade for the purpose of preventing additional losses if price goes against you. A stop-loss order remains in effect until the position is liquidated or you cancel the stop-loss order. For example, you went long (buy) EUR/USD at 1.2230. To limit your maximum loss, you set a stop-loss order at 1.2200. This means if you were dead wrong and EUR/USD drops to 1.2200 instead of moving up, your trading platform would automatically execute a sell order at 1.2200 and close out your position for a 30 pip loss (eww!). Stop-losses are extremely useful if you don't want to sit in front of your monitor all day worried that you will lose all your money. You can simply set a stop-loss order on any open positions so you won't miss your basket weaving class.

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SHI Channel Indicator | ForexGen

2008-02-15T20:47:00.000-08:00

The SHI Channel indicator and as the all of the channel indicator uses the highest high and lowest low of the price to determine the upper and lower bands of the channel.In the SHI Channel The channel is calculated according to the given period of calculation and the time frame of the used chart, and the channel is self-adjusted (Like the Bollinger Bands).

As you see in figure 1 there are two thick lines that indicates the upper and lower channel and a dashed center line.The channel gives the overall direction of the price movement - up or down - and may change from time to time, specially if it used with a low timeframe (1, 5 and 5 minutes).

How to trade using the SHI Channel indicator?
Actually you can’t trade with the SHI Channel indicator alone, it will not tell you when to enter the trade neither when to exit, The SHI Channel indicator telling you the overall direction of the price trend and the channels with the middle line warn you how much the trend is strong or weak, however , you have to use another indicators to generate the entry/exit signals
So.. for entry and exit.. i will use chart pattern.. you don't have to be an expert in chart pattern.. to make hundred bucks a month in fx.. i only focus on double top or bottom pattern, head n shoulder pattern, inverse Head n Shoulder, Ascending and descending triangle (the breakout of these triangle at 4h can give you about 400 pips)

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What Is Lot | ForexGen Tutorial

2008-01-15T20:49:00.000-08:00

ForexGen Provide you Today With The Most Common Forex Basics To Help You Getting Start In This Profitable World.

The value of a pip changes based upon the size of your account, because the size of your account affects how much currency you can leverage. A standard full size account is 100,000 units of the base currency. If you are trading in USD, The Value of the ‘LOT’ in the standard account is $100.000.A mini ‘LOT’ is 10,000 units of the base currency. If you are trading mini ‘LOTS’, you can leverage $10,000.This is why a pip in a mini account is worth less than a pip in a standard account. Let’s assume we will be using a $10,000 lot size. We will now recalculate some examples to see how it affects the pip value.

USD/JPY at an exchange rate of 110.78(.01 / 110.78) x $10,000 = $0.092 per pipUSD/CHF at an exchange rate of 1.1227(.0001 / 1.1227) x $10,000 = $0.98 per pip.
In cases where the US Dollar is not quoted first, the formula is slightly different.
GBP/USD at an exchange rate of 1.9799(.0001 / 1.9799) x GBP 10,000 = 0.50 x 1.9799 = $1 per pip
How do I calculate profits and losses?
When you close out a trade, you can calculate your profits and losses using the following formula:
Price (exchange rate) when selling the base currency - price when buying the base currency X transaction size = profit or loss Assume you buy Euros (EUR/USD) at 1.2178 and sell Euros at 1.2188. If the transaction size is 100,000 Euros, you will have a $100 profit.
($1.2188 - $1.2178) X 100,000 = $.001 X 100,000 = $100
Similarly, if you sell Euros (EUR/USD) at 1.2170 and buy Euros at 1.2180, you will have a $100 loss.
($1.2170 - $1.2180) X 100,000 = - $.001 X 100,000 = - $100
You can also calculate your unrealized profits and losses on open positions. Just substitute the current bid or ask rate for the action you will take when closing out the position. For example, if you bought Euros at 1.2178 and the current bid rate is 1.2173, you have an unrealized loss of $50.
($1.2173 - $1.2178) X 100,000 = - $.0005 X 100,000 = - $50
Similarly, if you sold Euros at 1.2170 and the current ask rate is 1.2165, you have an unrealized profit of $50.
($1.2170 - $1.2165) X 100,000 = $.0005 X 100,000 = $50
If the quote currency is not in US dollars, you will have to con- vert the profit or loss to US dollars at the dealer's rate. Further, if the dealer charges commissions or other fees, you must subtract those commissions and fees from your profits and add them to your losses to determine your true profits and losses.

ForexGen Trading Station

2008-01-15T20:45:00.000-08:00

ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own. ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex. The ForexGen Trading Station is our clients' gateway to the world's Foreign Exchange and Bullion markets. We have chosen the ForexGen Trading Station as our solution for the professional trader because in our opinion, it is the most reliable, professional and secure online trading software on the market at the current time.ForexGen platform features:
• Streamline dealing with no request for quote for up to 200 lots (20 million)• ForexGen trading platforms have a friendly user interface that is both easy to use and to grasp.• One click orders execution.• Providing real-time charts with the most common indicators.• Advanced charting tools with many technical analysis features.• Daily account statement.• Provides many order types to employ the desired trading strategies and mange the risk.• Summary of client's orders, floating profit& loss, account equity, etc within real-time.• Follow P&L and open positions within real-time.• Providing a multi-lingual platform that supports 14 different languages.• Exclusive technical analysis daily to your mailbox in the Trading Platform.• Providing news headlines directly in the system.• Provides research reports for every day and every week.• Showing real-time prices in the major currency pairs that are constantly updated.• Providing tools enabling the ForexGen's clients who have real accounts to program their own trading strategies with the Expert Advisor. • Clients with real accounts can discover the ForexGen's trailing Stop feature.• Providing a high level of security found in the client's unique username and password. We strongly recommend you to open a demo account to try the many features of our system. For further information or assistance, please do not hesitate to contact us at any time or simply request a call back.• Working with Forex.• Various execution technologies: Instant Execution, Request Execution, Market Execution.• Confidentiality of all trading operations.• Unlimited charts quantity.• Support of various timeframes (from minutes up to months).• Large number of technical indicators and line studies.• Experts, Custom Indicators and Scripts.• Multilanguage program interface.• Signals of system and trading actions.• Getting on-line news from financial markets.• Internal e-mail system.• printing charts and completed trading transactions statements.
Learn More With ForexGen.Com

ForexGen Brand

Premium Accounts | ForexGen

ForexGen Promotion On NDD Accounts

ForexGen Offer on Pro Accounts

Refer A Friend Promo by ForexGen

Bonus On Deposit With ForexGen

Synthetic Pairs With ForexGen

Back to Forex Basics With ForexGen

Currency Crosses With ForexGen

New Zealand Dollar With ForexGen

Australian Dollar and Gold With ForexGen

Commodity Currencies With ForexGen

How does a commodity affect the commodity currencies?

Processed material that can be converted by manufacture (Raw materials) compose such a large share of these countries exports, a goes up in commodity prices can possibly lead to a rise in the value of a country's currency, and vice versa.

Don’t Underestimate Leverage | ForexGen Tips

How Leverage Affects Transaction Costs With ForexGen

Margin Call Example With ForexGen

Margin Defined With ForexGen

Leverage Defined With ForexGen

Psychology Of Trading With ForexGen

Capital aka Cash Money With ForexGen

Carry Trade Risk | ForexGen Tips

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The Carry Trade With ForexGen

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The USDX Components With ForexGen

What is the U.S. Dollar Index? ForexGen Education

The Basket

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Commitment of Traders Report With ForexGen

Getting Sentimental with ForexGen Trading

News Trading Methods With ForexGen

Straddles

Long Straddle:

Short Straddle:

Trade at Your Own Risk! ForexGen Tips

Slippage

ORDER FREEZE

VOLATILITY/ WHIPSAWS

SPREADS

Tradeable Reports With ForexGen

Here is a list of some of the top U.S. market moving reports:

Things to Know When Trading News Reports

Trading the News With ForexGen

Which Pairs to Trade?

1. U.S. DOLLAR (USD)2. EURO (EUR)3. SWISS FRANC (CHF)4. BRITISH POUND (GBP)5. NEW ZEALAND DOLLAR (NZD)6. AUSTRALIAN DOLLAR (AUD).7. JAPANESE YEN (JPY)8. CANADIAN DOLLAR (CAD)

The list below displays the times when the most important economic data are released for different countries.

Trading With the Trend - ADX Strategy With ForexGen

The ADX (Average Directional movement Index) Indicator With ForexGen

Weekly 3 Bar Pattern With ForexGen

Bollinger Bands & ADX With ForexGen

Using the CCI Indicator with the Candlestick "Reversal Bar" Pattern

How Parabolic SAR Works | ForexGen

Parabolic SAR With ForexGen

Rate of Change - ROC | ForexGen

Trend Trade With ForexGen

Forex Basics | ForexGen School

How To Choose Your Broker | ForexGen Tips

CandleStick Patterns & Reversal Patterns

Choose a Forex Broker | ForexGen Academy

Forex Orders Types

SHI Channel Indicator | ForexGen

What Is Lot | ForexGen Tutorial

ForexGen Trading Station

1. U.S. DOLLAR (USD)
2. EURO (EUR)
3. SWISS FRANC (CHF)
4. BRITISH POUND (GBP)
5. NEW ZEALAND DOLLAR (NZD)
6. AUSTRALIAN DOLLAR (AUD).
7. JAPANESE YEN (JPY)
8. CANADIAN DOLLAR (CAD)