Monday, November 24, 2008

Forexgen| Did you know

Did you know that Forex trading ranks approximately at eighty-five percent of all the daily transactions in the Foreign Exchange market? Forex trading is a term used when referring to the currencies of different nations being traded as bought or sold as at the same time another is sold and bought.
Dealing with Forex involves making a profit when selling currency, as you will be selling at a price higher than your cost of purchase. Since the Foreign Exchange market is such a large market for financial liquidation, the world over it is reasonable to understand how it is able to produce daily interesting yields.
Today through the wonderful advantage of an array of online trading systems, it is possible for many traders, big and small to take advantage of all the benefits that Forex Trading has to offer.

Since Forex is such a fundamental element of the world market, it is found to be fully active twenty-four hours a day. No matter what you are doing there are transactions that occur in the Foreign Exchange the world over, all week long.
Orders can be placed by a client with instructions to a broker to sell their equities overnight while others are sleeping if they wish. It is possible for Forex dealers to make transactions on the Foreign Exchange market at any major bank or Forex brokerage company.
If they feel capturing a future increase against another currency, they may choose to exchange the second currency for the first currency. In this manner setting up an expected program of producing a deal opposite the first by exchanging the first for the second, with a gainful profit rising from their dealings.

Generally, for the purpose of investment four major currency pairs are used when dealing with Forex. Take for instance, the British pound against US dollar and the US dollar against Japanese yen as well as the Euro against US dollar and the US dollar against Swiss franc.
In the recent past new or small entrepreneurs found it difficult to enter the Foreign Exchange market since the financial requirements were so inflexible and ridged as well as carrying a very large minimum in transaction sizes.
Before, the only principal dealers in the field were large entrepreneurs, big currency dealers , banks and other larger institutions. Back then, it was only those principal dealers who could afford the great advantage of the strong trends of currency exchange rates as well as the currency market's unrivaled liquidity.

However, today there are many small entrepreneurs who are taking advantage of this amazing opportunity of buying and selling. They may do so in any manner of numbers of small units since the brokers of the Foreign Exchange market are able to break down those larger sizes in inter-bank units, then they offer them up for buying and selling.
Since the Forex market is the largest financial market to be found worldwide, it is an interesting liquid market. Forex offers a daily turnover of nearly 1.2 trillion dollars on average. It is also known as the FX market as well as the Foreign Exchange market.
The price movements on the Forex market is a much smoother transaction in comparison with the stock market. As a result many new or smaller entrepreneurs are able to enter and exit their positions more efficiently and proficiently.

Becoming successful while working in Forex can seem to be a bit intimidating or overwhelming as well as laborious and demanding. However, it is now an opportunity that is most welcomed as an alternative option for the newer entrepreneurs or smaller companies as well as several interested individuals. When deciding to trade at the very same price movements and rates as any other currency dealer since they can earn just as much money, perhaps even make their fortune by using Forex.
As the old saying goes practice makes perfect. Once the new traders get acquainted with the skills required for Forex trading they gain a better confidence, as they can feel assured that whether any of the currency should raise of fall the market is good and stable. One thing is for sure, trading will not stop as long as there are supplies of different currency available for trading.
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.

Forexgen Trading Alert


Forex trading alert is an idiosyncratic service and it uphold currency
traders very close to the speedily changing forex trading capital market even when they are far away from their screens by using the certain parameters of their forex trading strategy to set forex alerts appropriately on rates and mechanical indicators, plus to generate modified reminders for imperative dates or events. Unlike any other forex trading market, the forex offers trading services 24 hours a day, 5 days a week. Of course you can take the time to watch this Forex market by yourself, but who has the time. More outstandingly, the factor to be noticed here is the knowledge and the know-how for constantly making a profit.

Initially, only a couple of well-used and established methods, which provide the best overall returns, are used. One method utilized is a scalping forex strategy where it is uses super-tight stops for lesser profit objectives since it lessens the forex risk to a minimum. You are in the forex trading market repeatedly for a few hours. Secondly, Forex Alerts does not use mechanized programs in order to make a large number of alerts, most of that might not be money-making at all. This is how the Forex trading alerts give the highest quality alerts.

By receiving live forex trading alerts from a team of expert forex traders the professionals or some other persons tell you when it is good to trade the foreign exchange market. In fact it is that it could take some years for you to study how to successfully trade the forex market. Also you would have to spend immeasurable hours watching the forex market. You get notification by email instantaneously with Forex alerts and that email could get directed to your mobile phone as well or PDA.
We question only a few choose foreign trading exchange alerts for a week, but these alerts are more probable to offer constantly profitable outcomes. The aim is not to trade more recurrently; but the aim is to trade more advantageously. Forex traders have been trading the Forex markets successfully for years and years, and their strategies have now been developed into a forex charting system in a helpful manner allowing for retail currency traders.

Forexgen Customer Support


We provide a full time assistance service to support our customer in dealing easily with ForexGen trader software. Even if you face any problem during downloading or setting up the software, we will help you overcoming it.
We provide the trader with full scale demonstrations and troubleshooting for technical problems

we are available during trading hours on the Internet via Live Person Chat. Click here to initiate a conversation.

Friday, November 21, 2008

Learn How to Trade Forex With ForexGen

Before you get started, you need to learn and understand what foreign currency trading
is and how it works. There's lots of information out there to help you learn this business, but remember that much of this supposed information and free forex trading strategy advise can be misleading. But don't let this keep you from seeking real, quality forex education, because this will be critical to your success as a forex trader. The second piece of advice that you should keep in mind is to start small. You can always start out by trading a demo account from your broker that allows you to use fake money with real charts and tools. That way you risk none of your money while you're learning how to trade. If you do well as a forex trader, you can move on to trading a real money account. As you get better at trading, increase your budget slowly, and make certain you don't over leverage your account and blow your money. Money management is also very important in this business so make sure you maintain a good balance between your risk/reward.

Also, seek good forex training courses and resources in currency trading. There are plenty of these resources online or find out where you can attend workshops in your local area. There are also online workshops where you can trade along live with professional traders to see how they analyze the market and execute trades. You not only can make profit while trading with professional traders, but you will be learning a life long skill you can use to trade on your own one day without having to rely on services like these. You can ask questions, which will be answered by experts on live chat, message boards and forums. There are courses on forex currency trading that give you instant access to their library where you can see historical trends and all types of useful literature. Professional forex traders run these forex training courses and offer videos with their own forex trading systems explained in detail.

Many of these currency experts have written a number of books on the subject, so try and look for one that is authored by a well-known currency exchange trader, or someone with reliable credentials instead of a self proclaimed guru with no background on the subject. Anyone can claim to have made a fortune but trust only someone who has traded professionally for a number of years with a large financial company or someone newspapers and magazines cite in their articles. The more you research this business, you'll start to see the same names. Write these down and research them further. You'll quickly formulate a list of forex trading gurus and find the services they offer so you can trade along with them.

There are a number of forex brokers, both smaller firms and large companies, who offer basic forex training when you register with their service. If you're new to forex currency trading, this can be quite useful. Most forex broking firm have their own charting platform and tools that will teach you to trade and allow you to trade directly from their trading platform. As we mentioned earlier, you can practice your forex currency trading without using real money by demo trading. When you're ready, you can use your real cash and start generating an income from your trading. It's very advisable to combine some of your own reading and forex training with some amount of experience of forex trading platform.

Finally, if you're extremely risk averse and would rather not trade yourself, many forex brokerages offer managed accounts. You simply sign the appropriate paperwork and add money to your trading account. The brokers professional forex traders will manage your trades for you while you watch your account balance grow. You will pay a fee for this service and it can be as high as 25%, but if they're making you money, it doesn't matter. They're in this business to make money too, so it's a win-win for you and the forex account manager.

ForexGen Demo Accounts Contest

ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Thursday, November 20, 2008

ForexGen Teach Beginners How To Trade

Investors looking to enter the world of foreign exchange can find themselves frustrated and quickly spiraling downward, losing capital rapidly and optimism even faster. Investing in forex - whether in futures, options or spot - offers great opportunity, but it is a vastly different atmosphere than the equities market. Even the most successful stock traders will fail miserably in forex by treating the markets similarly. Equity markets involve the transfer of ownership, while the currency market is run by pure speculation. But there are solutions to help investors get over the learning curve - trading courses. (Currency trading offers far more flexibility than other markets, but long-term success requires discipline in money management.

What's Out There?
When it comes to forex trading courses, there are two main categories:

1. Online courses
2. Individual training

Online courses can be compared to distance learning in a college-level class. An instructor provides PowerPoint presentations, ebooks, trading simulations and so on. A trader will move through the beginner, intermediate and advanced levels that most online courses offer. For a trader with limited foreign exchange knowledge, a course like this can be invaluable. These courses can range from $50 to well into the hundreds of dollars.

Individual training is much more specific, and it is advised that a trader have basic forex training before entering. An assigned mentor, typically a successful trader, will go through strategy and risk management but spend the bulk of the time teaching through placing actual trades. Individual training runs between $1,000 and $10,000

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.

ForexGen Tips For Choosing the Right Forex Broker

Have you been wanting to trade Forex but are unsure which of all the Brokers is right for you? Many novice and expert traders alike find choosing the RIGHT Forex broker to be a daunting task that can ultimately determine success or failure. Here are 7 tips that will help you avoid making the costly mistake of choosing the wrong broker.

1. Consider your account size when choosing your broker.

If you expect to be trading more than $50,000 you will need a broker with sufficient liquidity to quickly and efficiently get you in and out of the market. These larger accounts are significantly affected by the size of a Broker's liquidity pool. Also, the larger your account the more important "broker financial stability" will be. Choose a broker that has a combination of liquidity and financial stability.

2. Choose your broker based on the Forex Trading system you trade.

If you scalp the market you will need a broker who does not restrict scalping or place minimum time limits on positions. If you plan on trading a carry trade system you will need to research the brokers swap(rollover) rate and find the most competitive broker. If your system usually trades in peak hour times you may want a Broker that offers variable rate spreads while if your system tends to trade off market times a fixed spread Broker may be the best option. Understanding your trading strategy and how the Broker will affect it's performance is key.

3. Take into consideration the currency pair(s) you expect to trade.

Depending on a Broker's liquidity source(s) the broker may have better or worse spreads on different pairs. For instance, MB Trading usually beats Dukascopy's British Pound pair spreads while Dukascopy tends to have better Swiss Franc pair spreads. Also, Brokers have access to different currency pairs. If you expect to be trading exotic currencies you will need to find a Broker that offers those pairs.

4. Make the decision between ECN/STP broker and a market maker.

I won't spend time explaining the differences between the two as an entire article could be written on the subject.... but both broker types have their advantages and disadvantages. You will want to research the differences, understand how those differences may affect your system, and decide accordingly.

5. Fixed spread or Variable spread?

Some Brokers offer a set spread cost that normally only changes during news announcements. Other Brokers offer changing spreads depending on the demand for that currency at any given price. This choice can be extremely important depending on the strategy you trade and the position sizes you take. If you mainly stick to high-volume market times for your trading than you will probably want a variable spread which often translates into lower overall spread costs. If you get signals around the clock, many times during off peak hours a fixed spread Broker may be better because fixed spreads tend to be cheaper than variable spreads during off market times. It is important to open multiple demo accounts at a variety of fixed and variable spread brokers to compare the difference.

6. Study the differences between Forex platforms before making the decision.

Metatrader 4 is currently the most common trading platform available on retail Forex. It is wise to open demo accounts using several different platforms to get a feel for each platform and choose the one that suites your strategy best. Some platforms such as Metatrader offer an auto trading feature (Expert Advisor) where the computer executes the trades for you. If you plan on using such a feature either now or in the future, it is important to know the options and limitations of the platform you choose.

7. The location of your Broker has important tax and legal consequences.

Also, Brokers are regulated differently depending on the jurisdiction in which they are found. Make sure to consult your tax, legal, and financial advisors prior to making the decision.

Why ForexGen?

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.

Thursday, November 13, 2008

Rebates Trading Activities in ForexGen

Send your mind to posture and see how you can get money from your normal trading activity!

This is what ForexGen offers its clients, commissions on trading activities. And what is amazing here is that this offer is for both existing and new clients.


For all ForexGen traders, open live accounts and make your new deposits and earn in turn 10 cents on each mini lot you open on your live account, and $1 on each standard lot you open on your standard account. In making such, how much money do you think you can make? Definitely there is much to be counted.


Think practically, start quietly, trade professionally, and win ultimately.

Bonus on Deposit in ForexGen

ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.

Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.

ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.

About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.

ForexGen… Just Dream And Leave The Fulfillment For Us

ForexGen Premium Accounts



Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.

For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.

Along with this offer, premium account users will find their accounts ZERO spread! This offer is valid till 11-12-2008. Therefore, the chance to gather huge gains is prodigious.

Refer a Friend Promo to ForexGen


Incredible chance to earn money!

Imagine that if you refer your friend to just open a mini account and gain $10!

So, how much money are you going to make if you refer all your friends?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

This offer starts in November 2008 and ends by 11-12-2008.

ForexGen NDD Accounts


Time when traders are to be millionaires!

ForexGen has come up with a unique offer for those interested in trading No Dealing Desk. If you want to trade any desired amount and the NDD trading is your preferable, so ForexGen is your place.

Due to the fact that 'No Dealing Desk' option is designed for all types of traders, ForexGen has given it much concern for more benefits. ForexGen NDD traders are wiling to open NDD accounts with as low as $5000 for individual account. An amazing chance for NDD traders to open ForexGen NDD accounts with $5000 instead of $20.000.

Come in traders and burst into the market, time to show the world your power.

ForexGen Pro Accounts

ForexGen… We Enhance Your Performance

There are some questions needed to be asked to yourself:
- Are you interested in trading Forex?
- Do you have enough experience to trade on high amounts?
- Are you professional trader?
- Are you able to make profits with high tradable amount?
- Do you wish to gain huge profits?
If so, then this is your time to do it.

ForexGen concerns with all traders types and is anticipating for their benefit. So, for professional Forex traders, ForexGen has made an amazing offer. The minimum deposit to open a Pro Account it still $1000 instead of $5000! All ForexGen Pro traders are going to fund their account with as low as $1000 and, hence gaining 25% as a bonus. This offer is valid till the end of the current year,

Join The Row And Trade As A Pro…

Friday, November 7, 2008

Forex Signal Trading - What Shoud I Be Looking For?

Forex offers many support services for its traders, including Forex signal trading.
Either Forex brokers or independent analysts monitor and analyze the market. Signal trading includes identifying trends. They identify these trends in the Forex market by using many varied and subtle indicators. These indicators are used in Forex signal trading to help indicate to traders a good time to buy or sell, though these Forex brokers
and analysts do charge a fee for their services. But having the option of using signal trading can make the difference between no profits and huge ones.

A lot of times in Forex signal trade they only monitor the most popular currencies. These include pairs such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. Though if you are interested you may find Forex signal services for the less common currencies and pairs. These however may charge a higher fee for their services.

There are some individual services included in Forex signal trading that are generally offered. A lot of basic subscriptions to these services will email alerts for the best times to buy and sell. A little bit higher level of subscription though will alert you about these via cell phone or pager. Some levels of subscription for Forex signal trade will provide the subscriber with live charts, in order for the trader to make their own decisions if they so choose to do so. Usually the minimum subscription fee is one hundred dollars a month, with charges only going up from there.

There is however a warning about signal trade being used alone, without any other indicators, especially if you are only looking at indicators over a short period of time. This approach has been shown not to be the best one in making good profits. Instead when using this service you should use it in combination with other indicators. Even as an extra indicator to verify or compare against other indicators, Forex signal trade can work well in these situations. Of course you should also ask for a history of their data. This can help indicate their successes and any failures they may have had in predicting good buy and sell times, showing you which service is the best option for you. Or even if this service would be a good choice for you at all.

Of course a lot of the reasons that people choose to use a signal trading service or not is because it saves them the trouble of having to analyze trends on their own. Once again, you shouldn't use these services on their own, without other indicators. You should also make sure you tread very carefully until you are sure you can trust the company you are working with sufficiently. In the meantime, use other indicators, trust yourself and listen to the grapevine. Whether using the Forex market or another one, using any signal trade company or the Forex signal trading company in particular, in the end it is up to you how and when you decide to use them.

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

Forex Trading Risk

Forex offers an excellent opportunity to invest for people around the globe. People invest to make money. If the rate of returns on investment
is an indicator for successful investment forex tops on that list. It gives great returns on investment. There are many factors that make it special. Is it a safe investment? The answer is probably yes and no.

Forex trading gives us a unique opportunity to be part of a market with trillions of turnover. The percentage of profit it gives on investment is unmatched in any form of business. It is a market which is open 24 hours, 7 days a week. Though it is an opportunity which is great considering other opportunities, it has considerable amount of risk involved too.
Forex is one business which gets affected by a host of factors. To manage the negative impacts of those factors and turn them in to big business strategies, a forex trader, should be a person who is ready for challenges and risk taking. He should also be a person of wisdom and knowledge. A well trained person can trade here with a lot of comfort. If you love challenges and risk taking it is a business you can relish.

One of the greatest merits of the forex business is its high leverage margin option provided by forex brokers. To trade 100000 USD forex brokers require margin of 1 percent which is as low as 1000 USD. This great advantage in itself is one of the biggest risks in this trade. In a market with significant fluctuations, couple of hours of fluctuations could well clean your entire margin. The forex brokers are responsible only up to the margin amount.
You may encounter risk from the changes in the political, social and economical factors. Then there are third party reports, demands for a particular currency and many more factors. These are risks which require your active participation in the market. Unless you react to those factors you may lose your investment.
To turn these negative factors in to positive money making ideas you should have the backing of knowledge. With knowledge and wisdom you can turn these potential disasters in to money spinning machines.

Accounts Funding

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Thursday, November 6, 2008

An Introduction to Forex Trading Alert

Forex trading alert is an idiosyncratic service and it uphold currency traders very close to the speedily changing forex trading capital market
even when they are far away from their screens by using the certain parameters of their forex trading strategy to set forex alerts appropriately on rates and mechanical indicators, plus to generate modified reminders for imperative dates or events. Unlike any other forex trading market, the forex offers trading services 24 hours a day, 5 days a week. Of course you can take the time to watch this Forex market by yourself, but who has the time. More outstandingly, the factor to be noticed here is the knowledge and the know-how for constantly making a profit.

Initially, only a couple of well-used and established methods, which provide the best overall returns, are used. One method utilized is a scalping forex strategy where it is uses super-tight stops for lesser profit objectives since it lessens the forex risk to a minimum. You are in the forex trading market repeatedly for a few hours. Secondly, Forex Alerts does not use mechanized programs in order to make a large number of alerts, most of that might not be money-making at all. This is how the Forex trading alerts give the highest quality alerts.

By receiving live forex trading alerts from a team of expert forex traders the professionals or some other persons tell you when it is good to trade the foreign exchange market. In fact it is that it could take some years for you to study how to successfully trade the forex market. Also you would have to spend immeasurable hours watching the forex market. You get notification by email instantaneously with Forex alerts and that email could get directed to your mobile phone as well or PDA.

We question only a few choose foreign trading exchange alerts for a week, but these alerts are more probable to offer constantly profitable outcomes. The aim is not to trade more recurrently; but the aim is to trade more advantageously. Forex traders have been trading the Forex markets successfully for years and years, and their strategies have now been developed into a forex charting system in a helpful manner allowing for retail currency traders.

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

Just Who Trades Forex Currencies?

Fifteen years ago, you would not hear about people trading on the Forex market-at least not real people. Until that time, only central banks, large hedge funds, and other financial giants like Warren Buffet could afford to dabble in the currencies markets
. Today, however, the Forex is the most fluid market in the world with nearly 2 trillion dollars trading hands from Sunday through Friday afternoon-24 hours a day. Investors from all over the world are drawn to the Forex for the following reasons:

·Trading occurs 24 hours per day, 5 days a week so investors always have access to brokers and the ability to trade and make profit

·Online trading platform makes trading easy and most can be personalized to suit your particular trading style and needs

·Very large and liquid market making it easy to enter and exit positions

·Volatile market that is prone to rapid price fluctuations-and the potential to make big profits-or take a big loss!

·Trading is leveraged but brokers tend to offer very low margins (as little as 1% of the transaction total can be used as capital)

·No commission for trading-brokers make their money on the spread, or the difference between the ask and bid price

·Ability to set stop/loss points and limit potential loss while pursuing maximum profit

Basically, the Forex offers the thrill and chase you might find in Vegas along with the technical analysis and detective work people associate with Wall Street. As far as who actually trades on the Forex market, there are two basic groups emerging as the majority players:

1.29-39 yr. old, computer savvy professionals looking for an additional revenue stream with unlimited potential, a convenient and dynamic investment interface, and the ability to limit loss while maximizing opportunities. This group of investors tend to either have a degree or have taken some college courses. While many are putting some of the profits away for retirement, most investors in this demographic are looking for additional income to help pay bills, finance lifestyles, and perhaps pay off mortgages early.

2.Baby Boomers: That's right, there are nearly 80 million official members of the baby boomer generation nearing 60 and thoughts of retirement. Only 25% report having $50,000 or more set aside for savings aside from their primary residence-and many are looking for a safe, secure way to boost retirement funds. The convenience of the Internet combined with the large potential for profit and limited risk make the Forex an increasingly attractive investment option for baby boomers hoping to add some real money to their retirement account in short order. Baby boomers especially love brokers who offer free demo accounts for the investor to learn the ins and outs of the Forex market before actually risking any money.

Like any investment tool, the Forex market presents risk for any potential investor. It is the risk that creates the opportunity for both profit and loss. And, like most investments, taking the time to do the homework and identify trends helps make more informed and guided decisions. For anyone looking to make a real boost in their income or retirement account, the Forex offers an opportunity to earn unlimited profits-but the losses can mount too so be sure to place stop/loss orders with any position to limit exposure.

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.

Wednesday, November 5, 2008

Forex -A Basic Understanding

The Forex market has been available to individual traders for nearly ten years now. In the past, it was only available to large financial institutions, such as banks, big companies, multi-national corporations and top currency dealers. However, now that it's open to individual traders, it's become a hot topic that many new traders are eager to learn more about.

So what is it? Forex is short for foreign exchange. Forex trading is trading in the currencies of the world through the Forex market, which is the largest financial market in the world. In fact, it generates trillions of dollars of currency exchanges everyday.

In addition, it operates 24 hours a day, seven days a week, making it the most liquid market in the world. Though trading starts in Sydney and ends in New York, Forex trading is not centralized in a single location. This means you can trade in Forex market whenever you wish, regardless of the local time. A big advantage for traders, especially for those in search of optimal liquidity.

Trading in Forex requires trades to done in pairs. When you purchase a currency, you sell another currency at the same time. The most commonly traded currency pairs in the Forex market are: USD/GBP, USD/JPY, USD/CHF, and GBP/USD. As you can see, each currency is represented by three letters. USD is the United States dollar. GBP is the British pound sterling. JPY is the Japanese yen. CHF is the Swiss franc.

The first three letters of a currency pair represent the currency you used for the investment, while the last three letters represent the currency in which you invested. For example, USD/GBP means you used United States dollars to purchase British pound sterlings.

To get started in the Forex market, you'll need a computer with a high speed internet connection, a funded Forex account, and a trading system. Most individual Forex traders will also use a broker, an individual or company that offers assistance to the trading process.

A broker earns his money off a small commission from your trades. In addition, although he'll be trading your funded account, all decisions will remain yours, assuming that's your wish. Here's what else a Forex broker can do for you:

- Offer you advice regarding real time quotes.
- Offer you advice on what to buy or sell based on news feeds.
- Trade your funded account basing solely on his or her decision if that's your wish.
- Provide you with software data to help you with your trading decisions.

Many experts say that you'll never really understand how Forex works until you've traded in the market. To help you gain this experience without having to risk your money, you can set up a demo account at many of the Forex educational sites available on the Internet. You can also invest a modest amount for a Forex simulator, which allows you to explore a never-ending variety of market conditions and see the impact they've had on currencies in the past.

There's no question Forex offers the trader the opportunity to earn a boat load of money. However, as with any other form of trading, and particularly because this is such a liquid market, it does have its risk. No trader will make money on every trade, and even seasoned traders can get caught and face substantial loses if they aren't careful and wise.

Live Accounts Contest

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.

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 including their "live Account Number".

Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

NDD Account

An acronym for 'No Dealing Desk'. A no-dealing desk broker uses a matching engine to match up orders between its liquidity providers and their clients.

The liquidity providers send in competing bids and offers into the platform, resulting in the best bid and offer being displayed to the trader.

A no dealing desk broker may increase the spread instead of charging a commission to their clients.

ForexGen Trading Station

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.

Learning the Ropes of Forex Trading

There are so many places that in todays world to find information on forex trading that it can be quite frustrating and leaves many wondering if what they are buying into is really the best forex education available. A person can learn about forex trading from websites, downloadable software, books, CDs and a myriad of other resources. While we can't say exactly what the best forex education is this article does aim to expose some training resources that have performed well for others.

First on our list of best forex education products is The Ultimate Professional Trader Plus CD library. This is a package created by Online Trading Academy. It is quite an extensive package containing not one, but 24 CD's that will educate the student on many aspects of the forex market ranging from the fundamentals of forex trading, to advice for those seeking to learn forex trading as a business. With so much to offer it is easy to see why this has made our list for best forex education.

Our second pick is called Forex Trading for Maximum Profit: the Best Kept Secret off Wall Street. The package includes a book and CD-Rom. This series created by Raghee Horner is directed at students who have a basic understanding of forex trading trend lines and can tell the differences between the major and minor trends in the market.

The CD-Rom included with the book illustrates trading techniques and many of the author's own successful trading systems. The book on the other hand explains much of the process of placing orders and also attempts to prepare the student for the ups and downs of trading on the forex market. Raghee Horner is referred to by many as a master teacher of forex trading and his series is regarded as one of the best forex education programs available.

Apart from the above traditional courses there are countless websites that offer some of the best forex education that can be found for a reasonable price. Many even offer free demo accounts that use real life trends from the forex market to simulate how you would have done if there were real money involved.

One particular site, Hawaii forex, offers not only free demo accounts, but also free "webinars". This site also sells a basic forex trading educational package and a "power course" to learn about forex trading signals.

Another site, Advanz Forex offers some of the best forex education online through the use of online courses that are intended to "kick-start," students into successful trading from day 1. For those who are in a hurry to learn forex trading, perhaps this is the best forex education package.

Refer A Client

If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it ,

Spreads

The difference between the sell quote and the buy quote or the bid and offer price. For example, if EUR/USD quotes read 1.3200/03, the spread is the difference between 1.3200 and 1.3203, or 3 pips.

In order to break even on a trade, a position must move in the direction of the trade by an amount equal to the spread.

ForexGen Services

Client Services
  • Customer Support
  • Trading Support
ForexGen Partnership
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.

Forex ECN Broker


ECN is an acronym for Electronic Communications Network. A Forex ECN does not operate a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter competing bids and offers into the platform either inside or outside the spread, allowing traders to trade against each other and with multiple counterparties.

A trader might open a trade with liquidity provider "A" and close it with liquidity provider "B", or have the trade executed against the bid or offer of another trader.

Participants of the ECN send in competing bids and offers into the platform and the combined volume is usually displayed to traders at each price. Orders are matched between counterparties, usually for a small fee.

Why ForexGen?

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.