Forex Information

for short is a trillion dollar business that encompasses the trading of any and all the world's currencies.

Individuals who trade in the forex market usually do so through a trained broker or other professional. You must be kept up to date on forex information in order to trade in the forex market. This not only includes such things as the value of a particular currency, but you must also be kept well informed of the world's economic, political, and environmental news. For example, unlike the stock market where you may have insider trading or secrets, there is very little of this in the forex marketplace. This is because the forex is a reactive marketplace that gets its strength from real cash flows and also the flow of the Gross Domestic Product (GDP), interest rates, budgets, and trade deficits. Many of these things, especially cash flows, can be a result of a natural disaster, gas prices, and can even be seasonal such as during December when people tend to spend more because they are purchasing Christmas presents.

Therefore, since the forex is so reactive, no one can truly know what will happen in the forex marketplace, no matter how seasoned they have become at forex forecasting. Of course, keeping up with the entire world's political, economic, and environmental news can be taxing since there are only so many hours in a day. You could attempt to keep up with this and other forex information on your own, but you would have to read a lot of newspapers and watch the news a lot. A simpler way to stay up to date on forex information is through websites that are devoted to forex information. There are a variety of forex information sites on the web, and your level of forex expertise will ultimately determine which forex information sites you visit. When you are starting out in the forex marketplace, you should look for a site that provides forex information such as up-to-the minute headlines, as well as education tools. One of the best sites for forex information is Forex Knowledge.com (www.forexknowledge.com).

Obviously, one of the draws to this site is the up-to-the-minute news and the excellent charts, but there is also a knowledge section that allows visitors to learn about the forex market, how to get started, history of the forex, and a forex introduction. Below the educational section, visitors will find information on the fundamentals of the forex market. This section contains information on the PIP, how to read prices, country currency codes, and there is even a glossary of forex terms. Visitors will also find forex trading tools that include articles on technical analysis, market awareness, and trading strategies. For the seasoned forex investor who only needs the up-to-date news, charts, and quotes, the website Forex Markets.com (www.forex-markets.com) will be useful. While the forex information found at this site will prove indispensable, the chat forum, where each day hundreds of messages are posted, will prove equally as useful. This allows users to not only obtain forex information from the website but also from colleagues. The forum is open to all users, and registration to use the service is free. Prior to participating in the chat forum, users must keep in mind that the chat forum is not a chat room and should not be treated as such. Trading in the forex can be quite lucrative if you know and understand what you are trying to accomplish. No matter what your intentions are, forex information is vital to your success. If you are just getting started in the forex marketplace, it would be smart to take it slow and learn about the forex as well as how to interpret and apply forex information.

[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.

Forex Trading, What Hours Should I Be Ready For Trading?

Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free are trading platforms, high leverage and around-the-clock trading.

It is my main concern in this article to let you know what hours you should be ready and focus for start trading, so you can expect the highest profits in your trades, and not just consider that around-the-clock trading means you should randomly trade through out the day. In short, it is important to know what the best hours to trade are because if you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest. At any given time; somebody, somewhere in the world is buying and selling currencies. As one market closes, another market opens.

Business hours overlap, and the exchange continues as day becomes night and night becomes day. Giving you 5.5 entire potential trading days. Forex Trading begins in New Zealand at Sunday 5pm EST, and then is followed by Australia, Asia, the Middle East, Europe, and America in this order and through out the day and through out the week until Friday 4pm EST when the American market closes. Other important facts every Forex trader should know are: the US & UK markets account for more than 50% of the forex market transactions; Forex major markets are: London, New York and Tokyo. Nearly two-thirds of NY activity occurs in the morning hours while European markets are open. And maybe one of the most important characteristics; Forex Trading activity is heaviest when major markets overlap. So, the answer to the question; "What hours should I be trading?" is dictated by this last characteristic, you should trade when the major markets overlap. Now, when do they overlap?. Considering the different time zones of the world and open and close times for Australian, New Zealand, Japan, America and Europe markets. We can arrive to the conclusion that there are two major time gaps when two of the major markets overlap during trading hours.

[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

Personal Opinion in Forex Trading for Beginner Forex Traders

Forex trading requires own opinion, cannot just rely on the Forex experts.

We do not mean that we should not believe in the Forex experts. To the Forex expert's opinion, we should have an objective manner. Forex expert is also a human being, they could also make mistake. We can refer to the Forex expert's opinions but we must also go through own analysis. This issue is very important to beginners of Forex trading. A lot of people believe in the Forex expert's opinions extremely. Today if a Forex expert said that, some currency technical chart is extremely good and it must rise, how could a Forex trader miss this opportunity of making money? Hurries to buy. After buying it, the Forex trader also saw another Forex expert said the fundamental analysis of this currency is not strong, the probability of falling is very high. Since this Forex expert does not favor this currency, so it will not be wrong, to prevent any lost Forex traders will often settle all the positions. This kind of Forex trader has no personal opinion, basically those who believe in the Forex experts extremely will only lost money in the end. Forex traders can be divided into 2 groups. The first group is the beginner of the Forex market. This group of Forex traders know nothing about both technical and fundamental analysis, so the probability of making profit is smaller, without any own opinion, the only choice is to follow the expert's opinions blindly.

The second group of Forex traders have consist knowledge of both fundamental and technical analysis for period of time. But as a result of a few big faults, they have made a very big lost, and causes the minds of these Forex traders are often confuse. Even though, after several repeated analysis, in the end they decided to follow the Forex expert's opinions. It doesn’t not mean that we should not listen to the Forex experts, the most important thing is that we also must have our own opinions. Of course, such opinions do not come automatically. Otherwise such opinion is blind, a Forex trader must spend time and effort to slowly develop a suitable analysis method and skills. If not, such opinion is blind and it would be much more dangerous to follow expert's opinion. Some people argued that they just entered the foreign exchange market, and know nothing about the fundamental and technical analysis, without any personal analysis method and skills, what should they do? Here, we do not oppose such Forex traders to follow the Forex expert's opinions. Beginner Forex trader should choose a right Forex expert and do not ever change the Forex experts often, or else will loss money in the end. Every Forex expert has different opinions, some trade short term, some trade long term. No matter his or her suggestion is correct or is wrong, at long as his or her analysis mentality is coherent at most, even sometimes it is wrong, but the overall probability of profit making is still bigger.

For instance, follows the expert A to say today may buy up some kind of currency, his trading mentality is long term based, supposes his judgment analysis is correct, and then you buy up this kind of currency to make a long term transaction. If all in a sudden you follow the expert B's opinion to trade, saying the currency shall fall, in fact he is the short term based trader, any rise currency can fall, therefore the expert said the trend will fall is also correct. If you follow the expert B's suggestion, and settle the position to stop loss. Such trading skill in the end is totally wrong.

Since two experts said have not been all wrong, why did we loss money? This is the result of mentality transaction. Since a Forex trader followed the expert A's suggestion, bought up for long term, then the trading skill should be long term, if all in a sudden a Forex trader listened to expert B, and convert to short term trading, in the end losing money is no surprise.

[Partnership With ForexGen]

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 huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Making Profit in the Foreign Exchange Market

The currency fluctuate continuously due to reasons such as political, economical reasons, sometimes the changes could be extremely great, therefore, the Forex traders also can have the opportunity in among which makes a profit.

For example, the Japanese Yen daily fluctuation is probably between 0.7% to 1.5%, Forex traders may make profit through buying and selling. All trading could be completed in a short time, the trading strategy could be carry up according to the market conditions, it is extremely flexible, even if the direction looks wrong, the lost could be stop immediately, the lost could reduce but profit potential is still great. Therefore, the Foreign Exchange margin trading is the most flexible and the most reliable investment method.
Foreign Exchange Margin Trading elementary knowledge.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.


WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

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

What beginners need to know about Forex trading?

Being new to FOREX trading?

Don’t worry, getting started in FOREX trading is easy and you can always test your skills first in a demo account before you go ‘live’ with real money.
To get started in FOREX trading, we have to get to know what FOREX is. FOREX trading involves buying and selling the different currencies of the world. Buying one currency and selling another at the same time make a FOREX deal.

FOREX market is the largest trading market in the world. It yields an average turnover of $1.9 trillion daily and the figure is nearly 30 times larger than the total volume of equity trades in United States.

[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

Possible Trade Scenarios

1. Lets assume prevailing (major) trend is down and we are in a minor up-trend. Strategy would be to sell when the current price on 5-minute chart falls below the 60 period moving average and the 60 period moving average line is sloping downward. Why? Because the prevailing trend is reasserting itself and the next move is likely to be down. Is there more we can do? Yes. Look for further confirmation. For example, if the minor trend had stalled for a while and the lows of the past half hour or hour are very close to the 5 minute moving average then selling just below the lows of the past half hour is a better place to enter the market then just below the moving average line.

2. Lets assume prevailing (major) trend is down and 5-minute chart confirms downtrend. Strategy would be to wait for a minor (up trend) trend to appear and reverse before entering the market. The reason for this is that the move is too "mature" at this point and a correction is likely. Since you trade with tight stops you will be stopped out on a reaction. Exception: If market trades through today's low and/ or low of past three days (these levels will be apparent on the 15 minute chart) further quick downward price action is likely and a short position would be correct.

3. A better strategy assuming prevailing trend down, 5-minute chart down, and just above days lows is to BUY with a tight stop below the day's low. Your risk is limited and defined and the technical condition (overdone?) is in your favor. Confirmation would be if today's low was a bit higher than yesterday's low and the price action indicated a very short-term trading range (1 minute chart) just above today's low. The thinking here is that buyers are not waiting for a break of today's or yesterday's low to buy cheaper; they are concerned they may not see the level.

4. Generally speaking, the safest place to buy is after a sustained significant decline when the bottoms are getting higher. Preferably these bottoms will be hours apart. By the third or forth higher bottom it is clear a bottom is in place and an up-move is coming. As in the example above your risk is limited and defined - a low lower than the last low.

5. The reverse is true in major up-trends.

[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.

How to Use The Information Gathered So Far

Determine The Big Picture (for intraday trading)

Glancing at the hourly chart will give you the big picture - up or down. If it's not clear immediately then you're in a trading range. Lets assume the trend is down.
Determine If The 15 Minute Chart Confirms The Downtrend Indicated by Big Picture
Current price on 15-minute chart should be below 60 period moving average and the moving average line should be sloping down. If this is so then you have established the direction of the prevailing trend to be down. There are always two trends - a prevailing (major) trend and a minor trend. The minor trend is a reversal of the main trend, which lasts for a short period of time. Minor trends are clearly spotted on 5-minute charts.

Determine The Current Trend (major or minor) From The 5 Minute Chart
Current price on 5-minute chart is below 60 period moving average and the moving average line is sloping downward - major trend. Current price on 5-minute chart is above 60 period moving average and the moving average line is sloping upward - minor trend.

At this point you know the following:
Direction of the prevailing trend. Whether we are currently trading in the direction of the prevailing (major) trend or experiencing a minor trend (reaction to major trend).

ForexGen Scalping Enabled Account

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

Advantages of No Dealing Desk Option

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

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

Reading a Chart and Acting Effectively

It's a guide that tells you, in simple understandable language,

how to choose the right charts, reading these charts correctly, and act effectively in the market from what you see on these charts. Probably most of you have taken a course or studied the use of charts in the past. This should add to your knowledge about choosing the right carts and reading these charts correctly. There are several good charting packages available free. I use and what I recommend you "Netdania".

Using Charts Effectively
The default number of periods on these charts is 300. This is a good starting point;
• Hourly chart that's about 12 days of data.
• 15 minute chart its 3 days of data.
• 5-minute chart it's slightly more than 24 hours of data.
You can create multiple "tabs" or "layouts" so that it's easy to quickly switch between charts or sets of charts.

What to Look at First
Firstly, glance at hourly chart to see the big picture. Note significant support and resistance levels within 2of today's opening rate.
Secondly, study the 15 minute chart in great detail noting the following:
• Prevailing trend
• Current price in relation to the 60 period simple moving average.
• High and low since GMT 00:00
• Tops and bottoms during full 3 day time period

[ForexGen Academy]

If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

How does a faulty Forex dealer eat your money?

Forex market is a non-centralized market.

There is no common market place for Forex traders and there is no so-call ‘standard’ in foreign currency exchange price. Different Forex dealers offer very different deals to their customers. As an individual FX trader, you depends solely on the dealer to make a transaction in your trades, thus picking up the right dealer is extremely crucial in your risk.

You may wonder how does a faulty dealer can cheat on your money as all investment call have to go thru your decisions.

Well, here's a typical example:
Often a bad dealer is not totally scams. They are smart persons that trick money from traders that are not well-aware. These dealers, often known as retail market makers, will often encourage their clients to trade on margin and set stop loss orders, which allow the market makers to close out trades almost at will during busy markets at prices they have set. If the market maker does not offset the trader's position, the loss generated when a stop loss is triggered becomes the market maker's gain.
Trade prices are easily skewed one way or the other depending on the retail trader's position, which is known by the market maker. Traders can be encouraged to take risky positions just before major economic announcements. If all else fails, the market maker can quote extreme prices (known as spiking) to trigger stop loss orders while the client is at work or asleep.
The vast majority of retail FX traders are not profitable. For those losing retail speculators, much of the funds they had on deposit will be, in some form or another, transferred to the market maker.

As you can see, a stop loss order may not always on your side. Be very clear on who you are dealing with in Forex trading to avoid being cheated.

[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

Forex Trading is booming!

Currency Trading has experienced phenomenal growth in recent years as many investors are looking for ways to profit from the lucrative 1.5 trillion currency trading marketplace. And author/professional trader Peter Bain is the ideal authority to help you understand and profit from this complex marketplace. His Forex Course teaches the same system used by banks, financial institutions and professional Forex traders alike to trade currencies on the foreign exchange. For the first time, Peter's making his "Commercial Forex Trading" system available to the public in the form of a video currency trading course. Peter Bain’s video course is a complete trading solution. Let Peter will show you the trading techniques used by the commercial institutions and banks.

To involve in FOREX trading, you must similarly prime your mind to get ideas flowing. The various ideas in your mind are stored in a hierarchical structure. Information is stored together in a group, depending on its meaning. It's hard to bring information about that topic into consciousness when you aren't thinking of a particular topic; it depends on their stagnant and hidden. When you put effort to think carefully about a specific topic, or a closely related topic, and start running througha bunch of possibilities, all kinds of new possibilities become transparent. Various concepts andideas, almost unconsciously are scan through your mind. This wealth of information combines will create a new. For example, suppose you get an indefinite trading idea about how a set of indicatorsmay forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing.For instant, scan a set of charts to back test and find support for your hypothesis. Once you look through the charts, you will prompt to other related information after seeing at the information. Yet the idea soon will leak out, and you'll make a new discovery as this is a basis for a new trading strategy.

The main point is that you must set your thinking processes to create a new idea. When you put on a trade, you have the attention to starts on focus, your senses are heightened, and your perspective will change until you see new ideas. The more ideas you will create new discoveries when the more your mind is active. It is helpful when knowing about the creative process and how to set it in motion gives you power. Unable to think creatively is the reason brings some people down.Actually they can, they just need to know how to do it. To think creatively, it's vital to be relaxed and free of anxiety. It is also essential to prime your mind in order to start the process.When it’s the time to think of a new trading idea, think creatively. Processing the creative in motion may help you come up with a big idea that will make you huge profits

[Partnership With ForexGen]

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 huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

The 7 Most Common Forex Trading Mistakes

When trading currencies online, there seems to be no end to the mistakes a beginning forex trader can make. Beginning traders are always the most susceptible, but experienced traders can often revert back into bad practices as well. Here are some of the most common trading mistakes listed in no particular order, and how to avoid them.

Predicting instead of reacting. Otherwise known as overconfidence. This usually happens after a winning trade or two. The trader starts to think that if he can enter a trade sooner, he will get more pips. He begins to believe he can pick the top or bottom before the market reveals it to him. So instead of reacting to what the market is telling him, he starts to predict what the market will do. He enters a trade and the market continues its move, which is against him. Now, does he admit he was wrong and close his position, or does he add to it?

Adding to losing positions. Here is an extension of predicting instead of reacting. Look, you just entered a trade and the market is going against your position. The market is telling you, you are wrong. Now is the time to close your position, not add to it. If you add to your losing position, you are making at least two incorrect decisions. First, you are predicting the market will turn around. Second, you are hoping the market will prove you right because you are unable to admit you made a losing trade. Losing trades are a fact of life in the forex market. You weren't wrong, simply, your edge didn't play in your favor on this trade. Close your losing position and move onto the next trade.

Insufficient capitalization. Forex trading is already highly leveraged. Insufficient capitalization just magnifies the potential problems you can face. If you read about the famous and big name traders, they never use more than 1% - 2% of their trading capital on a position. Get out a calculator and let's see... 1% of $10,000 is $100. So as a position trader who might have a stop-loss order of 100 pips, you can only trade one mini lot of one currency pair for each $10,000 in your trading account. That is, if you want to trade like the pros. Do you have $10,000 in your account? Why do forex dealers boldly advertise you can start trading with only $250 then? Because they are in business to make money, and if they can convince you to commit trading errors, they stand a much better chance that they will soon have your money.

Overtrading. A close cousin of insufficient capitalization. Knowing that very few currency traders trade with sufficient capital in the first place, they further compound the potential problems by trading too actively and in too many currency pairs. Spreading themselves too thin you might say. Potential problems include loosing focus and margin calls. Getting a margin call is a very irresponsible position for a forex trader to be in and is a direct result of overtrading, over leveraging, and insufficient capitalization. This is as close to the perfect recipe for failure as you can get.

Not using stop-loss orders. There are very few times when not using stop-loss orders is the correct action to take. Large traders with several hundred or more lots don't want to advertise where their stops are placed is one. The other might be scalpers whose stop is only 10-15 pips away. By the time they figure the math and enter it in the system, the price might already be there or even past it. And some forex dealing stations won't let you place stops closer than 15 pips anyway, especially in fast moving situations. Other than those times, you need to put stop-loss orders in on every position. It is in your own best interest to protect yourself. I know, some people whine that their stops are always being run by the dealer. A whole article could be written on stop-loss order management, if not a complete chapter in a book. Let's just say for now, don't put them where everybody else does, and don't put them too close.

Trading as a hobby. Golf is a hobby and it costs you money to play. Horseback riding is a hobby and it costs you money as well. The point is hobbies cost money, business makes money. You need to treat your forex trading as a business if you ever hope to make money on a consistent basis. That means keeping records, keeping a trading journal, and have a written business plan. You wouldn't invest money into a start up business without first seeing a business plan, so why would you invest money into your own trading account without the same thoughtful consideration.

Not having a trading plan. This is one of those catch-all mistakes. If you have a written trading plan, and follow it, you will already have identified and hopefully eliminated all of the above mistakes. If you don't have a written trading plan, you are almost assuredly making some, if not all of the above mistakes. Maybe not all at once, but even occasional mistakes add up quickly. Do yourself a favor and don't put on another trade until you think through and write down the response for all of the above mistakes and any others you can identify, as well as entry and exit rules. Then follow it.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.


WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

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

FOREX ROLLER COASTER

Lately the Foreign Exchange market has made a roller coaster ride seem boring.

Currency pairs stay in 5 hour quiet lulls, and then either blast off, or drops off a cliff. Economic news, commodity prices, or Central Banker jawboning may cause prices to move at a 90 degree angle and change the global capital flows in mere minutes. I keep trying to write some commentary and by the time I am finished my outline, bigger and broader news hits the market. This week is going to be no different.

Fannie Mae and Freddie Mac, the two government sponsored entities (GSE’s) that back the majority of US home mortgages are currently going thru solvency questions. These two entities provide an enormous amount of liquidity to the mortgage market and without them, mortgage rates would be significantly higher. Over the weekend, the US Federal Reserve and the Treasury Department assured investors that the US Government is backing the two GSE’s and stands ready to even buy equity stakes in Freddie Mac and Fannie Mae!!! At what point does the US Government exhaust its ability to help the ailing mortgage companies, and other financial institutions? Lets think of the currency implications for all the “bailing out” that the Fed and Treasury have done lately………
Every time the US Fed announces that they will “open up the window” to another type of financial institution, what the Fed is really saying is, “We will take on your securities and lend you cash that you can then use to continue your business activities.” The Fed is effectively both printing money (a job formally reserved for the US Mint), and spending your tax dollars on securities that the big financial institutions do not want to hold anymore. What happens when you print too much money? You get two effects: 1) a devaluation of the currency (falling US Dollar), and 2) Inflation.

The Federal Government needs to clarify their supposed strong dollar policy with real obtainable goals, not just their usual stance of jawboning and looking like a paper tiger. Unfortunately, we do not see this coming in the near future, just more verbal confirmation of a “strong dollar policy”. That being said, all is not lost for the US Dollar…..
For many years, most EUR bulls have used the prospects of higher interest rates to justify the currency’s rally. We believe this is coming to an end!!! The slowdown in the Eurozone economies will cause the interest rate differential between the US and Eurozone to close in the coming year thru expected ECB rate cuts. Our opinion is going against prevailing market sentiment which is aligned with the ECB’s Trichet continued hawkish stance on inflation. But we believe that the Euro currency does not have too much higher to climb verse the US dollar. We are hoping to see some sign of US Dollar bulls capitulation in coming weeks as our market sentiment signal that it is time to put on our long-term short EUR/USD position. Note we do not have a hard target level, just searching for signs of capitulation in the market

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Russia emerging market

Russia can affect emerging markets which it may be forced to trade with,

such as India, China, and Brazil. Russian oil could help a growing Chinese economy and decrease Russia’s dependence on European customers. In a complex environment a static forecast is not possible, but it is clear any instability or even the perception of instability close to Europe will be negative for the Euro. Elite E Services believes the next bubble to pop will be the Euro bubble.

Long term, this is a buying opportunity for hard commodities such as Wheat, Swiss Francs, Oil, and Gold. Whatever happens in this war, the supply side in the Oil market is controlled by unfriendly countries such as Venezuela and Iran. If Russia is now added to the list of unfriendly countries, we can expect Oil to increase long term, as Russia will use this as a bargaining chip in any negotiations.

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1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
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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.

EES - What Russian war means for the Euro

FX is extremely sensitive to politics, because a shift in a domestic political system can be directly connected to a currency’s value.

For example, the Chinese government announcement that the Yuan would float, albeit a ‘soft peg’ to the USD, shattered the relationship between a previously pegged Yuan and the USD. Many watching the situation in Georgia are unaware how this impacts them, and how it impacts FX. Also, this war, like many wars, is an information war, and the media spin leaves viewers with a less than accurate picture of reality.
The strength of the Euro over the past 5 years has been in part, not European strength as much as American weakness. A combination of economic factors in the US has made investors fear the USD and purchase non-USD based assets in Euros and other foreign currencies. Also, the Fed has been lowering US interest rates to a finally negative real interest rate.

The recent strength in the USD is not USD strength per se, but Euro weakness. The fear is that Europe will be involved in a war with Russia, and energy will be involved. Russia supplies 25% of the EU’s energy needs and over 50% to many Eastern European states , and the EU is Russia’s largest trading partner, totaling $285 Billion .

Immediately after the 4% drop in the Euro in 2 days, Bank of America issued a warning to its’ customers summarizing the situation that, although the USD is showing signs of recovery, a war in Europe does not solve the fundamentally flawed US economy, and they expect further USD weakness .
Russia’s involvement in Europe is not only energy. The US has planned military bases in many eastern-bloc countries, one of which has been signed during the crisis in Georgia .

One problem with Europeans is they cannot agree. This is what makes Europe charming and culture-rich but politically complex. USA is a ‘melting-pot’ which has become a mono-culture based on corporatism, while American’s argue their thinking lies in the same direction. Since the US Civil war, US mono-culture has solidified the mainstream in a view that always agrees on some tenets, this is not the case in Europe. Entry into the EU and the Euro passed referendum in many EU states by thin margins, there are those who would like to revert back to national currencies.

One main difference between the Euro and other currencies: the Euro does not have a government behind it. Individual EU states retain their sovereignty, and those states central banks have essentially no power to influence the Euro directly, except for lobbying the ECB. So the Euro is a designer currency hanging on a thin margin, which could be toppled by a severe energy crisis should the situation with Russia escalate. US involvement in Eastern European countries will only increase the chances of Russia’s will to turn off the lights.
Russia has already quietly begun selling oil in Rubles , and announced the Ruble is fully convertible (since 2006) . While by itself these actions are not market-shattering, combined with the potential conflict in Georgia, and Russia’s aggressive policy to capitalize on their vast wealth in natural resources, a situation is brewing in Europe which can be potentially explosive. Any turmoil can be seen as bad for the Euro, regardless of the actual damage done. The disadvantage of Europe is it’s history: Europe has been involved in wars and currency devaluations. As poor as the US economic numbers are, the US is involved in foreign wars at its leisure, there is no compelling reason the US should be involved in any war.

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What's Forex Got To Do With Learning To Drive A Car?

Forex trading is a lot like learning to drive, you have to get some good training before your able to drive your car safely.

Currency trading is a business and it is vitally important that you become properly educated before committing your hard-earned money to the markets. This type of trading is still less riskier than the stock market or trading futures, where you can loose much more than you have in your account. Forex trading is interesting to some because of it's liquidity and high leverage. This market is the biggest financial market in the world so it opens up wide opportunities for small traders to make huge profits by investing a small amount of money.

The Forex market is a technical market and it does takes some time to come to understand the basic principles of this market and to develop the necessary skills in the use of it's tools (like technical and fundamental analysis tools) to be able to trade currency profitably. Depending on your trading profile, you will build your strategy either according to technical or fundamental analysis or both. With the right understanding of how currency markets behave, and having the tools available to you the trader, you will gain a view on how to approach trading that will allow you to know what to do and when to do it. As forex trading online becomes more and more popular you will want to keep up to date with the very latest financial market trends and Forex forecasts.

Other financial markets trade from an office, or they have some specific physical location. This market does not have any physical location or central exchange. The forex market is made of about 6000 financial institutions around the globe. The foreign exchange is an international, 24 hours a day, 7 days a week, over-the-counter financial market bought and sold through in house or online brokers.

If you are serious about your trading and want to build a strategy then try a demo account first and learn about forex online trading. Once you've gained a bigger picture of what it takes to succeed in trading, it's time to move to real money accounts. While there are many trading systems as there are approaches, it's usually best that you have a knowledge of the forex trading strategy that is suited to your personality, financial situation and desired objectives. The key to being a winning trader in Forex is having patience and a good trading strategy. A good strategy is all about keeping it simple but yet making it work.

[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.

What is traded in the Forex market?

The instrument traded by Forex traders and investors are currency pairs. A currency pair is the exchange rate of one currency over another. The most traded currency pairs are:

EUR/USD: Euro
GBP/USD: Pound
USD/CAD: Canadian dollar
USD/JPY: Yen
USD/CHF: Swiss franc
AUD/USD: Aussie

These currency pairs generate up to 85% of the overall volume generated in the Forex market.

So, for instance, if a trader goes long or buys the Euro, she or he is simultaneously buying the EUR and selling the USD. If the same trader goes short or sells the Aussie, she or he is simultaneously selling the AUD and buying the USD.
The first currency of each currency pair is referred as the base currency, while second currency is referred as the counter or quote currency.
Each currency pair is expressed in units of the counter currency needed to get one unit of the base currency.

If the price or quote of the EUR/USD is 1.2545, it means that 1.2545 US dollars are needed to get one EUR.
Bid/Ask Spread
All currency pairs are commonly quoted with a bid and ask price. The bid (always lower than the ask) is the price your broker is willing to buy at, thus the trader should sell at this price. The ask is the price your broker is willing to sell at, thus the trader should buy at this price.

EUR/USD 1.2545/48 or 1.2545/8
The bid price is 1.2545
The ask price is 1.2548
A Pip
A pip is the minimum incremental move a currency pair can make. Pip stands for price interest point. A move in the EUR/USD from 1.2545 to 1.2560 equals 15 pips. And a move in the USD/JPY from 112.05 to 113.10 equals 105 pips.
Margin Trading (leverage)
In contrast with other financial markets where you require the full deposit of the amount traded, in the Forex market you require only a margin deposit. The rest will be granted by your broker.

The leverage provided by some brokers goes up to 400:1. This means that you require only 1/400 or .25% in balance to open a position (plus the floating gains/losses.) Most brokers offer 100:1, where every trader requires 1% in balance to open a position.
The standard lot size in the Forex market is $100,000 USD.
For instance, a trader wants to get long one lot in EUR/USD and he or she is using 100:1 leverage.

To open such position, he or she requires 1% in balance or $1,000 USD.

Of course it is not advisable to open a position with such limited funds in our trading balance. If the trade goes against our trader, the position is to be closed by the broker. This takes us to our next important term.
Margin Call
A margin call occurs when the balance of the trading account falls below the maintenance margin (capital required to open one position, 1% when the leverage used is 100:1, 2% when leverage used is 50:1, and so on.) At this moment, the broker sells off (or buys back in the case of short positions) all your trades, leaving the trader "theoretically" with the maintenance margin.

Most of the time margin calls occur when money management is not properly applied.

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how to create a perfect Forex trading system?

First of all, you need to make sure your trading system fits your trading personality;

otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used.

Secondly, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

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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 huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.