Tuesday, December 30, 2008
Insider Tips to Choosing the Best Forex Broker
Having the best Forex broker to help you trade at the Forex market is very crucial. Without a competent Forex broker, your trading efforts could lead to disastrous results. This is especially true if you’re just starting to venture into online Forex trading.
You will need all the help you can get to grasp the intricacies of trading currencies.
When you trade at the Forex market, there are many things you need to learn. First, you have to familiarize yourself with the trading platform of your Forex broker. Second, you need to understand how to open and close your trade and set different trading limits. Most importantly, you need to know how to wisely choose which currency pair will be most lucrative to trade.
It is important therefore to find a Forex broker capable of providing superior customer support services. It should be able to give such services 24/7 because the Forex market never sleeps. Several communication channels must be made available for you. This should include live chat, email ticket, VoIP, and telephone support. The combination of online and offline support is crucial so you can contact your broker anytime and anywhere.
The best Forex broker should also be able to provide you with tons of resources to study the ins and outs of the Forex market. Such materials could be in the form of professional articles, downloadable e-books, video tutorials, podcasts, and online webinars. You will need these kinds of forex resources to understand the basics of trading. These can also develop your skills in Forex trading so you may know advanced trading techniques. Later, you can devise your own strategy based on the resources provided by your broker.
[ForexGen Customer & Trading Support]
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.
The Best Forex Brokers and Cash Every Time You Trade!
I came across a service which not only gives you a choice of the best brokers but also gives you a rebate in cash every time you trade, so your loss is less and your profit is more. Sounds like a great idea right? We think so! Let's look at this service in more detail.
The service is offered by FX Rebates: A group of traders who, through their existing relationships from referring volume business, negotiate a better deal on behalf of their clients by getting them extra cash rebated on their account, every time they trade.
It's a service that every forex trader should consider to enhance their currency trading experience and it's free to join. Let's look at the program in more detail and the advantages every trader should be benefiting from.
The Best Online Brokers
You get the security of knowing your account is opened directly with a choice of 16 of the world's premier brokers. Opening an account with your choice of over 16 brokers (FCM's) through FX Rebates, means that you will be trading directly with the broker with FX Rebates as your referring broker. This will not in any way affect your trading. You are probably familiar with most of their brokers and may already have an account with one of them. It is easy to start; simply choose one of their premier brokers and open an account with them with FxRebates as your Referring Agent.
Security
FX rebates acts as a referrer only and does not hold any funds, your funds are held with the broker of your choice. Trading with FxRebates as your referring broker will in no way affect your spread or overall trading experience spreads - now the good bit!
Get Extra Cash Rebated Every Month
Fx Rebates existing relationships with these online brokers means they get compensated for introducing customers. Because of the volume of business they refer, they can pass part of there commissions to the Forex traders they introduce. This is a cash rebate paid every month for the volume of the previous months trading.
How Much Cash Do You Receive?
Quite simply for every completed trade (buy and sell) the client is rebated $4.11 per standard lot traded. This of course adds up overtime. For example, for every 10 trades completed, a trader would get $41.10, trade a 100 times and its $410.00, so it mounts up over time.
Day traders and active traders will love this - but so to will any trader, as you still get the same service you would expect from these top brokers and additional cash rebated which can help cushion any loss and adds to any profit.
[ForexGen Services]
Client Services
- Customer Support
- Trading Support
ForexGen offers three types of business partnerships.
* [Introducing Broker]
* [White Label]
* [Money Manager]
ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.
[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.
Labels:
Best Online Brokers,
forex traders,
forexgen
Understanding the Risks Involved in Foreign Exchange
No matter what the status of the economy is, the foreign exchange market still remains to be one of the most volatile and highly liquid financial markets in the world.
To have a deeper understanding of what the foreign exchange market is all about, here is a brief definition of the term. Foreign exchange or forex refers to the trading of one currency for another. Did you know that this type of financial market averages $3 trillion in currency traded a day? Based from this staggering amount alone, you can clearly see why investors and all the other financial institutions would be tempted to dip their hands into the foreign exchange market. Now, if you are a beginner in foreign exchange trading, what are the things that you need to remember about forex trading system? How can you use forex broker reviews to your advantage? More importantly, what are the risks that you need to take if you are involved in the foreign exchange market?
Let us address these forex-related questions one at a time. First, what are the things that you need to remember about the forex trading system that you should use? Basically, this is the primary tool used by investors and traders who would like to take a part of the financial success brought about by the foreign exchange market. When looking for the best forex trading system, take into consideration the success rate of the system itself. This is when forex broker review online have proven to be helpful. When you check out these online reviews, you would know whether the forex trading system will tell you when and how to enter and exit a forex trade. You would also have an idea about the quality of support that you will get by subscribing to a particular forex trading system.
As you can see, consulting the online forex broker reviews is an important part of your success in forex trading. Now, after taking a look at the forex broker review sites to determine which broker will give you your money's worth in forex trading, the next thing that you should take into consideration are the risks involved in the foreign exchange market. Just as it is with any other type of financial market, there are risks involved in forex trading. This is where forex broker reviews come in handy. The live forex chat sites and forums will give you an idea about the things that you should watch out for when dealing with the foreign exchange market.
[ForexGen White Labels]
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Forex Hedging Strategy
What Is Hedging?
Basically, hedging involves the buying (or selling) of currency pair(s) in order to protect the hedger against unwanted currency fluctuations. Traditionally, hedging was used to protect the profits of multinational companies from unfavourable currency fluctuations.
Hedging is a great way for these companies to protect their profits, but unfortunately many inexperienced Forex traders have incorrectly applied the same principles to their trading activities.
Here’s how a Forex trader may try to hedge his position:
Imagine that I buy the EUR/USD currency pair, and the market immediately moves against my position (i.e. prices went down). At this moment, I would be facing an unrealized loss. In order to ‘protect’ myself against further losses, I might sell the EUR/JPY currency pair in the hopes that any gain in the latter pair will partially offset the losses of the former pair.
Essentially, I’ll be holding on to two simultaneous ‘long’ and ‘short’ positions for the Euro currency
. Hedgers hope that the results of both positions will partially cancel each other out.
As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.
*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]
Basically, hedging involves the buying (or selling) of currency pair(s) in order to protect the hedger against unwanted currency fluctuations. Traditionally, hedging was used to protect the profits of multinational companies from unfavourable currency fluctuations.
Hedging is a great way for these companies to protect their profits, but unfortunately many inexperienced Forex traders have incorrectly applied the same principles to their trading activities.
Here’s how a Forex trader may try to hedge his position:
Imagine that I buy the EUR/USD currency pair, and the market immediately moves against my position (i.e. prices went down). At this moment, I would be facing an unrealized loss. In order to ‘protect’ myself against further losses, I might sell the EUR/JPY currency pair in the hopes that any gain in the latter pair will partially offset the losses of the former pair.
Essentially, I’ll be holding on to two simultaneous ‘long’ and ‘short’ positions for the Euro currency
. Hedgers hope that the results of both positions will partially cancel each other out.
As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.
*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]
Forex Market Trading Tips
Aiming for exponential return of investments, forex market is becoming the popular venture nowadays.
It is where the foreign exchange or forex trading is held. Traders earn through the buying and selling process of the different international currencies.
There are many essential forex market trading tips to consider. Understanding this information will also help you eliminate the typical pitfalls as you start your venture in this type of business segment.
Forex is trade in pairs. Each currency which is paired off to the other shares a proportional relationship. It is therefore valuable to the impact of one currency to the other or vice versa. You should have the right hunch for the condition of both currencies.
The one of the external factors that has a great impact in the price trend of forex is the current global and event news. Like for example, CNN has reported the potential interest rate in US. This will result to outbreak and panic to the traders. The traders' instant reaction is to close their positions and wait until the situation is better. Hence, the traders lose sight of the trading opportunities. It is therefore important to know the fundamentals of forex trading.
Another essential forex market trading tips is to have a clear understanding of the boundary between you and your broker. If you are new in this type of business and you entrusted your trading decisions and transactions to a broker, it is worth to have less interventions with your broker. Remember that it requires strategy to increase your investments and you have to respect your broker's technique unless you are equipped enough to do the trading by yourself. Also, it is discouraged to ask opinions from multiple sources. Numerous advices will only confuse you which will likely lead to potential loss of money.
Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
It is where the foreign exchange or forex trading is held. Traders earn through the buying and selling process of the different international currencies.
There are many essential forex market trading tips to consider. Understanding this information will also help you eliminate the typical pitfalls as you start your venture in this type of business segment.
Forex is trade in pairs. Each currency which is paired off to the other shares a proportional relationship. It is therefore valuable to the impact of one currency to the other or vice versa. You should have the right hunch for the condition of both currencies.
The one of the external factors that has a great impact in the price trend of forex is the current global and event news. Like for example, CNN has reported the potential interest rate in US. This will result to outbreak and panic to the traders. The traders' instant reaction is to close their positions and wait until the situation is better. Hence, the traders lose sight of the trading opportunities. It is therefore important to know the fundamentals of forex trading.
Another essential forex market trading tips is to have a clear understanding of the boundary between you and your broker. If you are new in this type of business and you entrusted your trading decisions and transactions to a broker, it is worth to have less interventions with your broker. Remember that it requires strategy to increase your investments and you have to respect your broker's technique unless you are equipped enough to do the trading by yourself. Also, it is discouraged to ask opinions from multiple sources. Numerous advices will only confuse you which will likely lead to potential loss of money.
Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
Monday, December 29, 2008
Bollinger Bands
Bollinger Bands are volatility curves used to identify extreme highs or lows in relation to price. Bollinger Bands establish trading parameters, or bands, based on the moving average of a particular instrument and a set number of standard deviations around this moving average.
For example, a trader might decide to use a 10-day moving average and 2 standard deviations to establish Bollinger Bands for a given currency. After doing so, a chart will appear with price bars capped by an upper boundary line based on price levels 2 standard deviations higher than the 10-day moving average and supported by a lower boundary line based on 2 standard deviations lower than the 10-day moving average. In the middle of these two boundary lines will be another line running somewhat close to the middle area depicting in this case, the 10-day moving average. Both the moving average and the number of standard deviations can be altered to best suit a particular currency.
Jon Bollinger, creator of Bollinger Bands recommends using a simple 20-day moving average and 2 standard deviations. Because standard deviation is a measure of volatility, Bollinger Bands are dynamic indicators that adjust themselves (widen and contract) based on the current levels of volatility in the market being studied. When prices hit the upper or lower boundaries of a given set of Bollinger Bands, this is not necessarily an indication of an imminent reversal in a trend. It simply means that prices have moved to the upper limits of the established parameters. Therefore, traders should use another study in conjunction with Bollinger Bands to help them determine the strength of a trend.
[ForexGen Money Manager]
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with [ForexGen]:
* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:
* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
For example, a trader might decide to use a 10-day moving average and 2 standard deviations to establish Bollinger Bands for a given currency. After doing so, a chart will appear with price bars capped by an upper boundary line based on price levels 2 standard deviations higher than the 10-day moving average and supported by a lower boundary line based on 2 standard deviations lower than the 10-day moving average. In the middle of these two boundary lines will be another line running somewhat close to the middle area depicting in this case, the 10-day moving average. Both the moving average and the number of standard deviations can be altered to best suit a particular currency.
Jon Bollinger, creator of Bollinger Bands recommends using a simple 20-day moving average and 2 standard deviations. Because standard deviation is a measure of volatility, Bollinger Bands are dynamic indicators that adjust themselves (widen and contract) based on the current levels of volatility in the market being studied. When prices hit the upper or lower boundaries of a given set of Bollinger Bands, this is not necessarily an indication of an imminent reversal in a trend. It simply means that prices have moved to the upper limits of the established parameters. Therefore, traders should use another study in conjunction with Bollinger Bands to help them determine the strength of a trend.
[ForexGen Money Manager]
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with [ForexGen]:
* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:
* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
Labels:
Bollinger Bands,
forexgen,
moving average,
particular currency
Sunday, December 28, 2008
Training Your Currency Trading Skill For Better Exposure
Have you weaponed yourself before register into the market? Here is a trading tips that you can follow.
When you see the EUR/USD market trend move to a dip bottoms, check the trend history, place the order with stop & limit as ratio 1:4. If its losing, add a position to average the signals.
This will be a good chance for you to maximize for your potential profit. However, What we want you to"consider" is the trading technique. Do you notice that there's something goes wrong with the tips above? Look again, what will be the correct way.
If you were fooled by our trick and did not notice the wrong strategy, you are not weaponed yourself and you need this training. Even if you noted the problem, you must have some reason for having this book in your hands. Perhaps you have had evidence in the past that you do not trade welll. It may be that your brokers have told you that your strategy does not help you make
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
When you see the EUR/USD market trend move to a dip bottoms, check the trend history, place the order with stop & limit as ratio 1:4. If its losing, add a position to average the signals.
This will be a good chance for you to maximize for your potential profit. However, What we want you to"consider" is the trading technique. Do you notice that there's something goes wrong with the tips above? Look again, what will be the correct way.
If you were fooled by our trick and did not notice the wrong strategy, you are not weaponed yourself and you need this training. Even if you noted the problem, you must have some reason for having this book in your hands. Perhaps you have had evidence in the past that you do not trade welll. It may be that your brokers have told you that your strategy does not help you make
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Thursday, December 25, 2008
Risks By The Foreign Exchange On Forex
As it was mentioned above the trading on the Forex is essentially risk-bearing.
By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.
Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide
market supply and demand balance on an outstanding foreign exchange position. For
the period it is outstanding, the position will be subject to all the price changes.
The most popular measures to cut losses short and ride profitable positions that losses should be
kept within manageable limits are the position limit and the loss limit. By the position limitation
a maximum amount of a certain currency a trader is allowed to carry at any single time
during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.
Interest rate risk. Interest rate risk refers to the profit and loss generated by fluctuations in the
forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options
To minimize interest rate risk, one sets limits on the total size of mismatches. A common
approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months.
All the transactions are entered in computerized systems in order to calculate the positions for
all the dates of the delivery, gains and losses. Continuous analysis of the interest rate
environment is necessary to forecast any changes that may impact on the outstanding gaps.Credit risk. Credit risk refers to the possibility that an outstanding currency position may
not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these
cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago.
The following forms of credit risk
1. Replacement risk occurs when counterparties of the failed bank find their books are subjected
to the danger not to get refunds from the bank, where appropriate accounts became unbalanced
2. Settlement risk occurs because of the time zones on different continents. Consequently,
currencies may be traded at the different price at different times during the trading day. Australian and New
Zealand dollars are credited first, then Japanese yen, followed by the European currencies and
ending with the U.S. dollar. Therefore, payment may be made to a party that will declare insolvency (or be
declared insolvent) immediately after, but prior to executing its own payments Dictatorship risk.
Dictatorship (sovereign) risk refers to the government's interference in the Forex activity.
[Claim Your Bonus In ForexGen]
Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250
Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500
To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com
By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.
Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide
market supply and demand balance on an outstanding foreign exchange position. For
the period it is outstanding, the position will be subject to all the price changes.
The most popular measures to cut losses short and ride profitable positions that losses should be
kept within manageable limits are the position limit and the loss limit. By the position limitation
a maximum amount of a certain currency a trader is allowed to carry at any single time
during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.
Interest rate risk. Interest rate risk refers to the profit and loss generated by fluctuations in the
forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options
To minimize interest rate risk, one sets limits on the total size of mismatches. A common
approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months.
All the transactions are entered in computerized systems in order to calculate the positions for
all the dates of the delivery, gains and losses. Continuous analysis of the interest rate
environment is necessary to forecast any changes that may impact on the outstanding gaps.Credit risk. Credit risk refers to the possibility that an outstanding currency position may
not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these
cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago.
The following forms of credit risk
1. Replacement risk occurs when counterparties of the failed bank find their books are subjected
to the danger not to get refunds from the bank, where appropriate accounts became unbalanced
2. Settlement risk occurs because of the time zones on different continents. Consequently,
currencies may be traded at the different price at different times during the trading day. Australian and New
Zealand dollars are credited first, then Japanese yen, followed by the European currencies and
ending with the U.S. dollar. Therefore, payment may be made to a party that will declare insolvency (or be
declared insolvent) immediately after, but prior to executing its own payments Dictatorship risk.
Dictatorship (sovereign) risk refers to the government's interference in the Forex activity.
[Claim Your Bonus In ForexGen]
Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250
Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500
To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com
Labels:
European currencies,
foreign exchange,
price changes,
risk,
trading
Wednesday, December 24, 2008
Complete Turnkey Automated Forex Solution!
Do you wish you could profit from automated Forex but you don't want to go through the trouble of setting everything up yourself?
Would you like someone else to put it all together for you?
Every day very real new fortunes are made while others are lost in the Forex market. And while other Expert Advisor vendors give you an EA and send you on your way, Halcyon Forex offers you another option...
[ForexGen Academy]
If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.
also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
Would you like someone else to put it all together for you?
Every day very real new fortunes are made while others are lost in the Forex market. And while other Expert Advisor vendors give you an EA and send you on your way, Halcyon Forex offers you another option...
[ForexGen Academy]
If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.
also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
Tuesday, December 23, 2008
Biden, Summers: Stimulus For Short And Long Run
President-elect Barack Obama's economic team and congressional staffers are close to finalizing a massive recovery proposal but are still hammering out details,
Vice President-elect Joe Biden and economic adviser Larry Summers said Tuesday.
One of the principal remaining issues is the price, which was estimated last week to go as high as nearly $800 billion.
"There's overall agreement on the scope and nature of the investment we are going to be making," Biden said at a meeting of Obama's top economic advisers in Washington, D.C. "While our short-term goal is to start creating jobs as quickly as possible, we plan to invest in areas...that will produce long-term benefits for the long-term health of our economy."
Specifically, the package will call for investments to be made in health care, energy, education and infrastructure, Biden said.One example of a long-term investment with short- and long-term job potential, Biden said, is the development of 'smart grids,' which would transport electricity by way of wind and solar energy.
A coalition including utility industry players and environmental groups has asked Obama to commit $1 billion in stimulus money for smart-grid efforts, but the ultimate cost of fully modernizing the grid is estimated to be as high as $2 trillion.
The stimulus package will also provide funds to help the jobless and the middle class.
"It's going to provide a down payment on the tax relief that we promised for the strapped middle class," Biden said.
During the campaign, Obama promised, among other things, to offer a "Make Work Pay" credit for the middle class worth $1,000 per working couple or $500 per individual worker. It's still not clear if that's the amount of money that would be offered in the economic recovery package and what income thresholds would apply.
Biden noted that aid would be provided for the "most economically vulnerable" who can't find work. The likely provisions: increased unemployment benefits, higher food-stamp payments and aid to states to subsidize Medicaid costs, which will rise as more people lose their jobs and their healthcare insurance along with them.
Plans to keep tabs on the moneyTo address the concerns of bailout-weary lawmakers and taxpayers, Biden and Summers stressed that the money spent on stimulus will be monitored closely.
"Each of the investments undertaken will be carefully evaluated before it is undertaken to make sure it is a rational investment, not simply a make-work project," said Summers, a former Treasury secretary who will head Obama's National Economic Council.
Summers noted the Internet may be used to ensure transparency and track projects' progress. "And there will be accountability for the success in carrying out those investments," he said.
Biden also said repeatedly that the package will be earmark-free.
"I know it's the Christmas season, but President-elect Obama and I are absolutely, absolutely determined that this economic recovery package will not become a Christmas tree," Biden said. "Every dollar will be closely watched to make sure it's being used in an effective manner."
That may be a hard promise to keep once Congress incorporates Obama's proposals into stimulus legislation - which it's expected to do in January.
Then again, it's Christmas, and the Obama team can certainly put an earmark-free bill on their wish list for Santa.
[ForexGen Customer & Trading Support]
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.
Vice President-elect Joe Biden and economic adviser Larry Summers said Tuesday.
One of the principal remaining issues is the price, which was estimated last week to go as high as nearly $800 billion.
"There's overall agreement on the scope and nature of the investment we are going to be making," Biden said at a meeting of Obama's top economic advisers in Washington, D.C. "While our short-term goal is to start creating jobs as quickly as possible, we plan to invest in areas...that will produce long-term benefits for the long-term health of our economy."
Specifically, the package will call for investments to be made in health care, energy, education and infrastructure, Biden said.One example of a long-term investment with short- and long-term job potential, Biden said, is the development of 'smart grids,' which would transport electricity by way of wind and solar energy.
A coalition including utility industry players and environmental groups has asked Obama to commit $1 billion in stimulus money for smart-grid efforts, but the ultimate cost of fully modernizing the grid is estimated to be as high as $2 trillion.
The stimulus package will also provide funds to help the jobless and the middle class.
"It's going to provide a down payment on the tax relief that we promised for the strapped middle class," Biden said.
During the campaign, Obama promised, among other things, to offer a "Make Work Pay" credit for the middle class worth $1,000 per working couple or $500 per individual worker. It's still not clear if that's the amount of money that would be offered in the economic recovery package and what income thresholds would apply.
Biden noted that aid would be provided for the "most economically vulnerable" who can't find work. The likely provisions: increased unemployment benefits, higher food-stamp payments and aid to states to subsidize Medicaid costs, which will rise as more people lose their jobs and their healthcare insurance along with them.
Plans to keep tabs on the moneyTo address the concerns of bailout-weary lawmakers and taxpayers, Biden and Summers stressed that the money spent on stimulus will be monitored closely.
"Each of the investments undertaken will be carefully evaluated before it is undertaken to make sure it is a rational investment, not simply a make-work project," said Summers, a former Treasury secretary who will head Obama's National Economic Council.
Summers noted the Internet may be used to ensure transparency and track projects' progress. "And there will be accountability for the success in carrying out those investments," he said.
Biden also said repeatedly that the package will be earmark-free.
"I know it's the Christmas season, but President-elect Obama and I are absolutely, absolutely determined that this economic recovery package will not become a Christmas tree," Biden said. "Every dollar will be closely watched to make sure it's being used in an effective manner."
That may be a hard promise to keep once Congress incorporates Obama's proposals into stimulus legislation - which it's expected to do in January.
Then again, it's Christmas, and the Obama team can certainly put an earmark-free bill on their wish list for Santa.
[ForexGen Customer & Trading Support]
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.
Sunday, December 21, 2008
0 Pip Spread on Forex Market Free Interrelated Knowledgebase
If you are looking for information about 0 Pip Spread on Forex Market, you will find the below related article very helpful. It provides a refreshing perspective that is much related to 0 Pip Spread On Forex Market and also related to Forex Made Easy, FX Market Trading, Currency, Forex Training Course, Currency Forex Market or Turtle Trading Systems. It isn't the same old kind of information that you will find elsewhere on the Internet relating to 0 Pip Spread on Forex Market.
Who Needs Forex Trading?
Every financial expert has a different opinion regarding Forex. Most experts would agree there are some wonderful features available for any investor. Aside from the fact that the trades can be made in real time and accounts are updated almost immediately, there are several other key benefits.
The 1st benefit is that forex is liquid. The most easily sold form of investment in the world is forex. This liquidity is what makes trading forex so appealing to many. Even during bad market times, you can sell whenever you want.
WAIT -- Did you notice so far that this article is indeed related to 0 Pip Spread on Forex Market? If not, go ahead and read on. You will find more information that can help you regarding 0 Pip Spread on Forex Market or other related Forex, Forex Made Easy, Stock Market Education, Forex Trading Tools, Trading Forex and Forex Trading Exchange.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
*Providing the most huge income sharing plan
*Providing several ways for our IB's to charge commission.
*ForexGen IB can also charge commission for each lot the traders execute.
*Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
The most competitive trading conditions:
*2 pips spread on six currency pairs.
*Leverage of 200:1 leverage for accounts.
*Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
*The minimum account size with a 250 US has the ability to execute a lot of trading lots.
Qualified and familiar multilingual [platform]!
*Streamline dealing with no request for quote for up to 20 million.
*The [ForexGen] online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
Who Needs Forex Trading?
Every financial expert has a different opinion regarding Forex. Most experts would agree there are some wonderful features available for any investor. Aside from the fact that the trades can be made in real time and accounts are updated almost immediately, there are several other key benefits.
The 1st benefit is that forex is liquid. The most easily sold form of investment in the world is forex. This liquidity is what makes trading forex so appealing to many. Even during bad market times, you can sell whenever you want.
WAIT -- Did you notice so far that this article is indeed related to 0 Pip Spread on Forex Market? If not, go ahead and read on. You will find more information that can help you regarding 0 Pip Spread on Forex Market or other related Forex, Forex Made Easy, Stock Market Education, Forex Trading Tools, Trading Forex and Forex Trading Exchange.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
*Providing the most huge income sharing plan
*Providing several ways for our IB's to charge commission.
*ForexGen IB can also charge commission for each lot the traders execute.
*Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
The most competitive trading conditions:
*2 pips spread on six currency pairs.
*Leverage of 200:1 leverage for accounts.
*Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
*The minimum account size with a 250 US has the ability to execute a lot of trading lots.
Qualified and familiar multilingual [platform]!
*Streamline dealing with no request for quote for up to 20 million.
*The [ForexGen] online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
Thursday, December 18, 2008
What makes a good Trading Strategy?
Emini futures, electronically traded, smaller units of "full grown" futures contracts are among the most popular trading instruments out there. Their popularity is especially high among retail traders whose funds tend to be limited.
You don't need much money to open and fund a futures account these days if all you want to trade are eminis. Some futures brokers, especially those specializing in retail emini traders, offer margins as low as $500 per contract for intraday trading, which means that if you can afford $3,000, you should be well equipped to trade with 1 or even 2 emini contracts.
But to be able to make money, you still need a method to extract it from the emini market. You need a strategy or a system, the latter being basically a strategy that has been examined over a longer period of time in a systematic manner and has been determined to have a positive edge. That's what we are after: the positive edge as without it we cannot succeed.
No all emini trading systems are born equal. Some are better than other. Those that make more money over the same period of time are considered superior, to put it in a simple manner, but that's not all.
While making money is the main and practically the only goal of a trading system, there are better and worse ways way to do this. Of two really good emini trading systems that make as much money per quarter, one may still be better than the other if it accomplishes this goal in a smoother manner. To measure this smoothness, we often use the mathematical concept of standard deviation and by doing so, we way arrive at what is called the Sharpe ratio. The smoothness in question is a good thing as it translates into less stress when trading for we experience smaller drawdowns. That's one characteristic of a good trading system: small drawdowns. We also would like the drawdowns to be as short lived as possible, so by this standard, a system with more prolonged drawdowns, but the same money making power as another one, will be considered less desirable, less attractive.
We also often measure the drawdowns by the number of consecutive losing trades and the flat periods during which we are not increasing our funds, by the average time between the same peaks in the system equity curve, a line that shows how trading profits are being accumulated
ForexGen Services]
Client Services
ForexGen offers three types of business partnerships.
* [Introducing Broker]
* [White Label]
* [Money Manager]
ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.
[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.
You don't need much money to open and fund a futures account these days if all you want to trade are eminis. Some futures brokers, especially those specializing in retail emini traders, offer margins as low as $500 per contract for intraday trading, which means that if you can afford $3,000, you should be well equipped to trade with 1 or even 2 emini contracts.
But to be able to make money, you still need a method to extract it from the emini market. You need a strategy or a system, the latter being basically a strategy that has been examined over a longer period of time in a systematic manner and has been determined to have a positive edge. That's what we are after: the positive edge as without it we cannot succeed.
No all emini trading systems are born equal. Some are better than other. Those that make more money over the same period of time are considered superior, to put it in a simple manner, but that's not all.
While making money is the main and practically the only goal of a trading system, there are better and worse ways way to do this. Of two really good emini trading systems that make as much money per quarter, one may still be better than the other if it accomplishes this goal in a smoother manner. To measure this smoothness, we often use the mathematical concept of standard deviation and by doing so, we way arrive at what is called the Sharpe ratio. The smoothness in question is a good thing as it translates into less stress when trading for we experience smaller drawdowns. That's one characteristic of a good trading system: small drawdowns. We also would like the drawdowns to be as short lived as possible, so by this standard, a system with more prolonged drawdowns, but the same money making power as another one, will be considered less desirable, less attractive.
We also often measure the drawdowns by the number of consecutive losing trades and the flat periods during which we are not increasing our funds, by the average time between the same peaks in the system equity curve, a line that shows how trading profits are being accumulated
ForexGen Services]
Client Services
- Customer Support
- Trading Support
ForexGen offers three types of business partnerships.
* [Introducing Broker]
* [White Label]
* [Money Manager]
ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.
[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.
Tuesday, December 16, 2008
Arctic Blast Breaks Puget Sound Electric and Natural Gas Usage Records
Systems Are Operating Well with Adequate Energy Supplies for Prolonged Spell Utility Reminds Customers to Use Energy Wisely to Manage Higher Bills
BELLEVUE, Wash.--(BUSINESS WIRE)--With this week’s lingering cold spell, Puget Sound Energy has broken records in delivering electricity and natural gas to homes and businesses in Western Washington. With temperatures forecast to remain colder than usual for several more days, PSE is encouraging customers to use energy wisely, particularly during peak energy periods, to manage their winter heating bills and to protect the energy delivery system.
Monday evening (Dec. 15) at 7 p.m., PSE set a new hourly electric system peak of 4,906 megawatts (MW). This breaks the historical peak load of 4,847 MW, set Dec. 21, 1998.
Also on Monday, PSE set a record natural gas send-out of 755, 881 MMBtu (million British thermal units). This surpassed the historic record of 741,881 MMBtu set Nov. 28, 2006, and is well above the average daily December natural gas send-out of 500,000 MMBtu.
PSE’s power and natural gas supplies are adequate to meet PSE customers’ needs in its 11-county service area. However, with this extended cold spell, PSE is encouraging customers to use energy wisely to manage their winter electric and natural gas bills and to protect the energy delivery system, particularly during the peak periods of customer use from 6:30 to 9 a.m. and from 4 to 7:30 p.m.
“In these tough economic times we are mindful that our customers are going to face high bills this winter,” said Bert Valdman, executive vice president and chief operating officer. “While both our electric and natural gas systems are performing well, as the cold spell continues we want to protect the system and our customers. We encourage customers to keep their homes and businesses at the lowest comfortable temperature, and to turn off unnecessary lights, computers and appliances, especially during peak periods of energy use in the morning, late afternoon and early evening.”
PSE recommends these energy-saving tips to manage their heating bills:
* Lower the thermostat at bedtime or while gone during the day. Setting the thermostat to 58 degrees during sleep hours can decrease a natural gas bill by up to 7 percent.
* Seal air leaks around drafty windows and doors.
* Check furnace filters monthly and clean or replace them when necessary.
* Keep heating outlets and return registers clear of furniture or other objects.
* Keep fireplace dampers and glass doors closed when a fireplace is not in use.
PSE also encourages customers to follow these safety tips:
* Do not use charcoal or a gas grill to cook indoors. Both can cause a build up of dangerous carbon monoxide gas.
* Create a storm kit equipped with a three-day supply of bottled water and non-perishable food, can opener, flashlights, extra batteries, and a battery-powered radio to keep track of weather developments.
* Turn off lights and unplug appliances and sensitive electronic equipment, such as computers, to prevent an overload on electric circuits.
PSE customers having trouble paying their utility bill are urged to call the utility at 1-888-225-5773 to make payment arrangements. They also may be able to get help from PSE’s Home Energy Lifeline Program, or HELP. With a $4.8 million boost in funding, HELP will provide nearly $14.7 million over the coming year to help low-income households served by PSE pay their natural gas and electricity bills.
Customers can also call PSE or visit the company’s Web site at www.pse.com for energy-saving tips or to get more information about bill assistance. The federal government’s Low Income Home Energy Assistance Program, or LIHEAP, also provides energy relief to eligible low-income households. Both HELP and LIHEAP are administered by local community-service centers. PSE customers can obtain the phone number and address of their nearest center, toll-free, at 1-866-223-5425.
About Puget Sound Energy
Washington state’s oldest and largest energy utility, with a 6,000-square-mile service area stretching across 11 counties, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers. PSE, a subsidiary of Puget Energy (NYSE:PSD - News), meets the energy needs of its growing customer base primarily in Western Washington through incremental, cost-effective energy conservation, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service to deliver energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit www.PSE.com.
[FOREXGEN Scalping Enabled Account]
Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access.
No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.
BELLEVUE, Wash.--(BUSINESS WIRE)--With this week’s lingering cold spell, Puget Sound Energy has broken records in delivering electricity and natural gas to homes and businesses in Western Washington. With temperatures forecast to remain colder than usual for several more days, PSE is encouraging customers to use energy wisely, particularly during peak energy periods, to manage their winter heating bills and to protect the energy delivery system.
Monday evening (Dec. 15) at 7 p.m., PSE set a new hourly electric system peak of 4,906 megawatts (MW). This breaks the historical peak load of 4,847 MW, set Dec. 21, 1998.
Also on Monday, PSE set a record natural gas send-out of 755, 881 MMBtu (million British thermal units). This surpassed the historic record of 741,881 MMBtu set Nov. 28, 2006, and is well above the average daily December natural gas send-out of 500,000 MMBtu.
PSE’s power and natural gas supplies are adequate to meet PSE customers’ needs in its 11-county service area. However, with this extended cold spell, PSE is encouraging customers to use energy wisely to manage their winter electric and natural gas bills and to protect the energy delivery system, particularly during the peak periods of customer use from 6:30 to 9 a.m. and from 4 to 7:30 p.m.
“In these tough economic times we are mindful that our customers are going to face high bills this winter,” said Bert Valdman, executive vice president and chief operating officer. “While both our electric and natural gas systems are performing well, as the cold spell continues we want to protect the system and our customers. We encourage customers to keep their homes and businesses at the lowest comfortable temperature, and to turn off unnecessary lights, computers and appliances, especially during peak periods of energy use in the morning, late afternoon and early evening.”
PSE recommends these energy-saving tips to manage their heating bills:
* Lower the thermostat at bedtime or while gone during the day. Setting the thermostat to 58 degrees during sleep hours can decrease a natural gas bill by up to 7 percent.
* Seal air leaks around drafty windows and doors.
* Check furnace filters monthly and clean or replace them when necessary.
* Keep heating outlets and return registers clear of furniture or other objects.
* Keep fireplace dampers and glass doors closed when a fireplace is not in use.
PSE also encourages customers to follow these safety tips:
* Do not use charcoal or a gas grill to cook indoors. Both can cause a build up of dangerous carbon monoxide gas.
* Create a storm kit equipped with a three-day supply of bottled water and non-perishable food, can opener, flashlights, extra batteries, and a battery-powered radio to keep track of weather developments.
* Turn off lights and unplug appliances and sensitive electronic equipment, such as computers, to prevent an overload on electric circuits.
PSE customers having trouble paying their utility bill are urged to call the utility at 1-888-225-5773 to make payment arrangements. They also may be able to get help from PSE’s Home Energy Lifeline Program, or HELP. With a $4.8 million boost in funding, HELP will provide nearly $14.7 million over the coming year to help low-income households served by PSE pay their natural gas and electricity bills.
Customers can also call PSE or visit the company’s Web site at www.pse.com for energy-saving tips or to get more information about bill assistance. The federal government’s Low Income Home Energy Assistance Program, or LIHEAP, also provides energy relief to eligible low-income households. Both HELP and LIHEAP are administered by local community-service centers. PSE customers can obtain the phone number and address of their nearest center, toll-free, at 1-866-223-5425.
About Puget Sound Energy
Washington state’s oldest and largest energy utility, with a 6,000-square-mile service area stretching across 11 counties, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers. PSE, a subsidiary of Puget Energy (NYSE:PSD - News), meets the energy needs of its growing customer base primarily in Western Washington through incremental, cost-effective energy conservation, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service to deliver energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit www.PSE.com.
[FOREXGEN Scalping Enabled Account]
Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access.
No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.
Monday, December 15, 2008
A FOMC Rate Hold Could Spark Bullish Dollar Sentiment
The FOMC is expected to cut the benchmark rate by 50 bps to a record low of 0.50%, as the U.S. economy is officially in a recession and expectations are that it will deepen in early 2009.
Trading the News: FOMC Rate Decision
What’s Expected
Time of release: 12/16/2008 19:15 GMT, 14:15 EST
Primary Pair Impact : GBPUSD
Expected: 0.50%
Previous: 1.00%
How To Trade This Event Risk
The FOMC is expected to cut the benchmark rate by 50 bps to a record low of 0.50%, as the U.S. economy is officially in a recession and expectations are that it will deepen in early 2009. Indeed, the half a million jobs lost in November has fueled concerns that consumers will completely retrench and curb spending further, adding pressure to already struggling companies. The service sector contracted the most in eleven years in November falling to 37.3 from 44.4. A reading below 50 signals contraction and considering the sector accounts for more than 70% of GDP then the possibility of expansion in the overall economy may be in the distance. Meanwhile, the ISM manufacturing report showed the sector contracting to a record low of 36.2 from 38.9. Although the Fed has given what the markets have asked in terms of monetary policy another rate reductions isn’t a sure thing. At 1.00% the central bank has little room to maneuver and may chose to save its ammunition for the future. The MPC has continued to look for alternative ways to help the financial system and increase available credit, such as the program to purchase the direct obligations of the GSE’s Fannie Mae and Freddie Mac. The FED is also expected to extend aide to the beleaguered auto industry until Congress can reconvene in January.
Despite the continued stream of dour fundamental data, we are starting to see results at least beat expectations, which may be a sign things are bottoming. Empire manufacturing, industrial production, U of M consumer confidence and pending home sales posted less than forecasted declines. The central bank may use this as an opportunity to give a vote of confidence to the markets by keeping rates on hold. Therefore, an end to easing would favor a long dollar trade (short GBPUSD), and we will look for a green, five-minute candle following the commentary to generate a short trade on two lots of the pound-dollar. Our initial stop will be placed at the nearby swing high (or reasonable distance), and our first target will equal this risk. Our second objective will be based on discretion and to preserve profit, we will move the stop on the second lot up to break even when the first lot hits its target.
Conversely, a rate cut would signal that downside risks to growth remain prevalent and the possibility of a zero interest policy will exist. The easing followed by bearish commentary would favor a short dollar trade (long GPDUSD), and we will follow the same setup for the short position as the long trade mentioned above, just in reverse.
Trading the News: FOMC Rate Decision
What’s Expected
Time of release: 12/16/2008 19:15 GMT, 14:15 EST
Primary Pair Impact : GBPUSD
Expected: 0.50%
Previous: 1.00%
How To Trade This Event Risk
The FOMC is expected to cut the benchmark rate by 50 bps to a record low of 0.50%, as the U.S. economy is officially in a recession and expectations are that it will deepen in early 2009. Indeed, the half a million jobs lost in November has fueled concerns that consumers will completely retrench and curb spending further, adding pressure to already struggling companies. The service sector contracted the most in eleven years in November falling to 37.3 from 44.4. A reading below 50 signals contraction and considering the sector accounts for more than 70% of GDP then the possibility of expansion in the overall economy may be in the distance. Meanwhile, the ISM manufacturing report showed the sector contracting to a record low of 36.2 from 38.9. Although the Fed has given what the markets have asked in terms of monetary policy another rate reductions isn’t a sure thing. At 1.00% the central bank has little room to maneuver and may chose to save its ammunition for the future. The MPC has continued to look for alternative ways to help the financial system and increase available credit, such as the program to purchase the direct obligations of the GSE’s Fannie Mae and Freddie Mac. The FED is also expected to extend aide to the beleaguered auto industry until Congress can reconvene in January.
Despite the continued stream of dour fundamental data, we are starting to see results at least beat expectations, which may be a sign things are bottoming. Empire manufacturing, industrial production, U of M consumer confidence and pending home sales posted less than forecasted declines. The central bank may use this as an opportunity to give a vote of confidence to the markets by keeping rates on hold. Therefore, an end to easing would favor a long dollar trade (short GBPUSD), and we will look for a green, five-minute candle following the commentary to generate a short trade on two lots of the pound-dollar. Our initial stop will be placed at the nearby swing high (or reasonable distance), and our first target will equal this risk. Our second objective will be based on discretion and to preserve profit, we will move the stop on the second lot up to break even when the first lot hits its target.
Conversely, a rate cut would signal that downside risks to growth remain prevalent and the possibility of a zero interest policy will exist. The easing followed by bearish commentary would favor a short dollar trade (long GPDUSD), and we will follow the same setup for the short position as the long trade mentioned above, just in reverse.
- Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
- Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
- ForexGen offers Forex trading in the major currency pairs and crosses.
- Low capital start, with $250 as a minimum account size.
- Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
- ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
Commercial Traders Positioned for Swiss Franc RallY
On balance, commercial forex traders are positioned for US dollar weakness.
GBP: The interpretation of the British Pound COT numbers are the exact same as the interpretation of the COT numbers for the Euro.
Implications: bullish
CHF: The 52 week index has turned up from 0, which warns of a bottom (USDCHF top). The CHF should gain.
Implications: bullish (USDCHF bearish)
JPY: Bottoms in the USDJPY occur when speculators are extremely long the JPY (short USDJPY), which is not yet the case. Positioning is getting closer to extreme but is not at the level that is considered extreme. Continue to favor Yen strength.
Implications: bullish
CAD: CAD positoning is neutral. The Composite COT is near 0, which tells us little regarding sentiment.
Implications: neutral
AUD: Composite COT was recently at a level that previously indicated an important low (March 2006). This combined with the turn up from 0 in the 52 week index favors strength.
Implications: bullish
NZD: The NZD index has turned from 0. Speculators were recently net short the largest amount of NZD on record (the record only goes back a few years though). These are bullish signals.
Implications: bullish
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
US Dollar Index: The composite COT has dropped from high levels and the commercial % bullish is increasing from below 20%, which is bullish. Circles on the chart
Implications: bearish
EUR: Composite COT has turned up from historically low levels and the % of commercials that are bullish was recently at its highest level ever. The previous highs were back in late 2005 at significant EURUSD bottoms.GBP: The interpretation of the British Pound COT numbers are the exact same as the interpretation of the COT numbers for the Euro.
Implications: bullish
CHF: The 52 week index has turned up from 0, which warns of a bottom (USDCHF top). The CHF should gain.
Implications: bullish (USDCHF bearish)
JPY: Bottoms in the USDJPY occur when speculators are extremely long the JPY (short USDJPY), which is not yet the case. Positioning is getting closer to extreme but is not at the level that is considered extreme. Continue to favor Yen strength.
Implications: bullish
CAD: CAD positoning is neutral. The Composite COT is near 0, which tells us little regarding sentiment.
Implications: neutral
AUD: Composite COT was recently at a level that previously indicated an important low (March 2006). This combined with the turn up from 0 in the 52 week index favors strength.
Implications: bullish
NZD: The NZD index has turned from 0. Speculators were recently net short the largest amount of NZD on record (the record only goes back a few years though). These are bullish signals.
Implications: bullish
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
Labels:
forex market,
forex traders,
Lowest spreads
Subscribe to:
Posts (Atom)