ForexGen Customer Stisfaction

Forex Information

2009-01-07T10:53:00.000-08:00

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?

2009-01-07T10:48:00.000-08:00

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

2009-01-07T10:39:00.000-08:00

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 doesnâ€™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

2009-01-07T10:34:00.000-08:00

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?

2009-01-07T10:26:00.000-08:00

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

2009-01-06T11:14:00.000-08:00

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

2009-01-06T11:10:00.000-08:00

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

2009-01-06T10:28:00.000-08:00

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?

2009-01-06T10:22:00.000-08:00

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!

2009-01-06T10:15:00.000-08:00

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]

The 7 Most Common Forex Trading Mistakes

2009-01-05T13:04:00.000-08:00

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

2009-01-05T12:57:00.000-08:00

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

[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

Russia emerging market

2009-01-05T12:52:00.000-08:00

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.

[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.

EES - What Russian war means for the Euro

2009-01-05T12:47:00.000-08:00

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.

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

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

2009-01-05T10:43:00.000-08:00

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?

2009-01-04T18:18:00.000-08:00

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.

[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

how to create a perfect Forex trading system?

2009-01-04T18:10:00.000-08:00

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]

Things You Should Know About Forex Trading

2009-01-04T18:03:00.000-08:00

A few things that separate the top traders from the rest are:

Education: They are very well educated in the matter; they have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.

Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.

Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.
Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.

Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable outcomes, not just the winning side.
These are, among others, the most important factors that influence the success rate of Forex traders.

We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But, how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a life time, and still don’t get the desired results, for some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it’s not something you can do in a short period of time.

[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.

How to deal with mistakes

2009-01-04T17:57:00.000-08:00

There are many possible ways to properly manage mistakes. We will suggest the one that works better for us.
Step one: Belief change.
Every mistake is a learning experience. They all have something valuable to offer. Try to counteract the natural tendency of feeling frustrated and approach mistakes in a positive manner. Instead of yelling to everyone around and feeling disappointed, say to yourself “ok, I did something wrong, what happened? What is it?

Step two: Identify the mistake made.
Define the mistake, find out what caused the mistake, and try as hard as you can to effectively see the nature of that mistake. Finding the mistake nature will prevent you from making the same mistake again. More than often you will find the answer where you less expected. Take for instance a trader that doesn’t follow the system. The reason behind this could be that the trader is afraid of loosing. But then, why is he or she afraid? It could be that the trader is using a system that does not fit him or her, and finds difficult to follow every signal. In this case, as you can see, the nature of the mistake is not in the surface. You need to try as hard as you can to find the real reason of the given mistake.

Step three: Measure the consequences of the mistake.
List the consequences of making that particular mistake, both good and bad. Good consequences are those that make us better traders after dealing with the mistake. Think on all possible reasons you can learn from what happened. For the same example above, what are the consequences of making that mistake? Well, if you don’t follow the system, you will gradually loose confidence in it, and this at the end will put you into trades you don’t really want to be, and out of trades you should be in.

Step four: Take action.
Taking proper action is the last and most important step. In order to learn, you need to change your behavior. Make sure that whatever you do, you become “this-mistake-proof”. By taking action we turn every single mistake into a small part of success in our trading career. Continuing with the same example, redefining the system would be the trader’s final step. The trader would put a system that perfectly fits him or her, so the trader doesn’t find any trouble following it in future signals.

[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

Mistakes in a Trading Environment

2009-01-04T17:48:00.000-08:00

When it comes to trading, one of the most neglected subjects are those dealing with trading psychology.

Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don’t get us wrong, it is very important to have a system that perfectly suits the trader, but it is as important as having a money management plan, or to understand all psychology barriers that may affect the trader decisions and other issues. In order to succeed in this business, there must be equilibrium between all important aspects of trading.

In the trading environment, when you lose a trade, what is the first idea that pops up in your mind? It would probably be, “There must be something wrong with my system”, or “I knew it, I shouldn’t have taken this trade” (even when your system signaled it). But sometimes we need to dig a little deeper in order to see the nature of our mistake, and then work on it accordingly.

When it comes to trading the Forex market as well as other markets, only 5% of traders achieve the ultimate goal: to be consistent in profits. What is interesting though is that there is just a tiny difference between this 5% of traders and the rest of them. The top 5% grow from mistakes; mistakes are a learning experience, they learn an invaluable lesson on every single mistake made. Deep in their minds, a mistake is one more chance to try it harder and do it better the next time, because they know they might not get a chance the next time. And at the end, this tiny difference becomes THE big difference

[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.

The Advantages Of Automated Forex Trading:

2009-01-01T17:43:00.000-08:00

An increasing number of people are being drawn to Forex trading in preference to the many other forms of investment available today and it is not hard to see why.

The Forex market is the largest trading market in the world with a steadily growing trading volume which has risen from some $500 billion dollars to $2 trillion in the last twenty years. It is also an incredibly liquid market which is not tied to any particular trading floor and operates around the clock across the world making it effectively a permanently open market. As one market closes another is opening and you can effectively follow the markets around the world as you trade and even all but eliminate the fact that the market in your home country will close for the weekend.
It is no wonder therefore that Forex trading attracts a wide and growing variety of both big and small traders each of whom enjoys a wide choice of trading strategies based upon the myriad of factors which affect foreign exchange rates. For many traders coming into the market it is the fact that there are so many different things that affect currency exchange rates which they find most attractive as it allows them to use a huge range of different tools when working in this extraordinarily exciting market.
Perhaps the greatest influence today however on the future growth of the market and its popularity lies in automation which has never been easier to accomplish and which brings with it many more advantages than disadvantages.

Automated Forex trading allows trades to be conducted in real time anywhere in the world and virtually eliminates the losses so often seen in manual systems which are trying to operate in such a fast moving and volatile environment. Anyone who has traded using a manual system will know only too well the frustration of a row of losses caused by nothing more than a simple time delay in buying and selling and will appreciate the value of automated currency trading.
Automatic Forex trading also brings with it the ability to operate in a wide range of different currency markets at the same time without any regard for the time zones of the markets concerned. If you are sitting in the United States at 2 o'clock in the morning then automatic trading allows you to conduct business with traders on the other side of the globe in several different countries all at the same time with ease.

One problem for many traders is that of risk management and this too is reduced as we move to automatic Forex trading. Manual systems often leave traders nervous about whether or not payment will be made after the completion of a trade but as payments can now be synchronized in real time this is far less likely. Indeed, as the automated trading system continues to develop it is clear that the settlement system will also be updated and such risks are likely to be all but eliminated in the near future.

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

The Importance Of Selecting The Best Forex Training Course

2009-01-01T17:38:00.000-08:00

The Forex market is fun and lucrative although it is also highly competitive and volatile and anybody who wants to join in the fun will have to locate the best Forex training course available.

Any basic Forex trading course will incorporate a number of different components of trading including trading processes, concepts and terminology that are all necessary to give the beginner confidence as he ventures into the marketplace for the first time. The best Forex training will also focus particular attention on the size of the market and volume of trading and prepare the beginner to think on his feet and to take quick and accurate decisions.
Novice traders will need to learn things like the different orders placed in selling and buying, margins, bids, rollover and leverage. He will also need to be aware of the psychology of trading and the need for patience, stress management, commitment, discipline and much more. In addition, the novice trader must master the skills of market analysis and need to gain a clear understanding of technical and fundamental analysis and acquire the skills of creating and reading Forex charts.

A knowledge of the history of Forex trading is yet another important element of any Forex trading training, in spite of the fact that it is generally overlooked altogether or covered merely in passing. However, a clear knowledge of the background of the market combined with an understanding of a lot of the mistakes made as the market has grown is extremely useful in helping to establish a trading strategy.
Luckily there are many ways to study Forex trading today and novice traders are spoilt for choice. However, this is of course both good and bad and makes picking the method which is best for you somewhat difficult.
Like many things the starting point for many people is going to be a book or two on Forex trading and this is certainly a very good place to start as it is relatively inexpensive and will normally assist considerably when it come to deciding whether Forex trading is really right for you. However, although this will provide you with an excellent introduction, you will want some type of more personal training before starting to trade and this means attending seminars, enrolling for a Forex training class locally, taking a Forex training vacation or opting for one of the numerous online Forex training courses.

Regardless of the route you decide to select you have to do your homework carefully and consider exactly what you will be getting for your money. There are many excellent free Forex training courses available but you will need to pay for really good training and this is one investment that you must make and the expense of your training will certainly be worth it in the end. However not all training course are the same and some will provide you with much more value than others. If you can seek out the opinions of trusted friends and colleagues about their opinion of what is the proven best Forex training and, where this is not possible, then shop around and ask plenty of questions before you commit yourself.

[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.

Learn Forex Trading Online And Get Ahead Of The Game:

2009-01-01T17:32:00.000-08:00

Today's business world is highly complex and it is vital to know your way around.

As far as Forex trading in concerned this means knowing the players, the market and the stakes. You have to be familiar with such things as the value of the currency that you are trading, the factors which increase and decrease the value of your currency and trading strategies and market trends.

As a novice this also means that you have to begin with some type of Forex education. A Forex trading course will teach you all about predicting and charting movements of the market together with the best time to purchase or sell a commodity and will introduce you to basic terminology and the trading process.
As Forex trading is done in real time and decisions often must be made quickly, a trader should also be emotionally prepared to cope with the stress, challenges and demands of the marketplace and these too will be included in any good Forex trading course.
So precisely what should you look for when selecting a Forex training course?
All Forex training courses should include the basics on such things as types of orders, leverage and margins which are essential in Forex transactions. It also needs to teach basic terminologies, analysis and software.
Analysis is fundamental to successful trading and any Forex course must look in reasonable detail at both technical and fundamental analysis including the tools used and the pros and cons of each.

However the basics and theories of foreign currency trading are not enough and good Forex course should also teach you correct money management and the development of a good trading psychology and disposition. It is far too simple for traders to become too emotionally involved in trading and it is critical to success that traders understand the importance of such things as discipline, patience and commitment.

Possibly the most important part of the best Forex training courses however is the provision of an apprenticeship program allowing you to gain real-life experience. There is no more effective way to discover how to trade foreign currencies than experience gained in actual trading. Forex courses should therefore offer the opportunity for simulated trading that is as near as is possible to live trading. It is also important that students are given the the opportunity to discuss their trading with their fellow students and to get one-to-one feedback as they practice trading.
For those who want to discover the rules of the game and get a good grip on the market there are several websites offering courses and workshops on Forex trading. Most of these sites offer courses on software and trading tools, trading strategies, networking, risk and money management, technical analysis, market trends and a great deal more.

[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

An Introduction To Fundamental Analysis

2009-01-01T17:26:00.000-08:00

It is generally said that information is the basis of profitable Forex trading but, though correct and timely information is indeed vital for currency trading,

it is the examination of this information that is the real key. There are currently two main forms of analysis used in Forex trading – fundamental and technical analysis - and in this short article we are going to examine precisely what is meant by fundamental analysis.

At its simplest, fundamental analysis looks at both political and economic conditions that could have an affect upon currency prices and Forex traders who use fundamental analysis rely upon news reports for information on a whole range of things including, economic policy, inflation, growth rates and rates of unemployment.
Basically, fundamental analysis provides an outline of currency movements together with a broad picture of economic conditions that could well alter the value of a particular currency. With this picture in mind, Forex traders will then frequently move on to use technical analysis to then plot entry and exit points into the market and to complement the information gained using fundamental analysis.

The Forex market is much like other markets and is affected by the laws of supply and demand, which are also affected by economic conditions. Two economic factors affecting supply and demand are interest rates and the strength of the economy and the strength of the economy is affected by the gross domestic product (GDP), foreign investment and the economy's balance of trade.
Various economic indicators are published by governments and other sources and are normally considered to be sound measures of economic health that are followed by all sectors of the investment market. Almost all economic indicators are published once a month although some are released more often and usually weekly.
Two of the key fundamental indicators are international trade figures and interest rates, but other extremely helpful indicators include the, consumer price index (CPI), producer price index (PPI), purchasing manager's index (PMI), durable goods orders and retail sales.

[Partnership With ForexGen]

Why Most Forex Traders Use Technical Analysis

2009-01-01T17:11:00.000-08:00

For many years Forex traders based their trading decisions on fundamental analysis which examines both past and current political and economic events in order to predict movements in currencies.

However fundamental analysis is a difficult art requiring considerable knowledge and experience and the ability to handle and analyze enormous amounts of data. As if this were not enough, there is also considerable disagreement in many quarters about just what data is and is not important when it comes to fundamental analysis and, even when it is agreed that certain data is relevant, there is often further argument about just how much weight should be attributed to each factor in the equation.
Today there is also a second form of analysis which is widely used and which is known as technical analysis. While proponents of technical analysis would probably tell you that it is no easier and in many ways more difficult an art to master than fundamental analysis, the truth of the matter is that it is a lot easier to learn technical analysis and this in no small measure explains why so many traders are adopting it in preference to fundamental analysis and are opting for technical analysis training. Which method is better is of course a whole different argument.

In considering technical analysis it is necessary to understand its three underlying principles:
All sorts of things will produce movements in currency prices, including political and economic events, but the forces which produce currency price movements are not important. As far as technical analysis is concerned it is simply the price movements themselves which are important and not the reasons for them.
A currency price will follow a trend which can be identified by looking at the patterns which emerge in the market over time.

A currency price not only follows a trend in terms of looking at historical market data, but will continue to follow this trend in the future. In effect this principle reflects the technical analyst's view of human psychology and a belief that currency price movements are a consequence of the manner in which people have reacted, and will continue to react, in certain circumstances.
Many of the 'old school' and 'fundamentalist' Forex traders find it hard to accept the principles of technical analysis and still hold firm to the belief that you cannot accurately predict a currency's movement unless you have a sound understanding of just what factors affect the price of that currency and indeed just what effect these factors will have on its movement.

Nevertheless, the fact of the matter is that many traders believe that this is not necessary and base their often extremely successful trading purely on technical analysis. No system, at least none that has been devised so far, will predict currency movements with one hundred percent accuracy but fundamental and technical analysis do a pretty good job.
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.

Getting Started with Your Practice Account

2008-12-31T16:01:00.000-08:00

The best way for newcomers to get a handle on what currency trading is all about is to open a practice account.

Almost every forex broker offers a free practice account to prospective clients; all you need to do is sign up for one on the broker’s Web site. Practice accounts are funded with “virtual” money, so you’re able to make trades with no real money at stake and gain experience in how margin trading works. Practice accounts give you a great chance to experience the forex market.

You can see how prices change at different times of the day, how various currency pairs may differ from each other, and how the forex market reacts to new information when major news and economic data is released. You also can start trading in real market conditions without any fear of losing money, experiment with different trading strategies to see how they work, gain experience using different orders and managing open positions, improve your understanding of how margin trading and leverage work, and start analyzing charts and following technical indicators. Practice accounts are a great way to experience the forex market up close and personal. They’re also an excellent way to test-drive all the features and functionality of a broker’s platform. However, the one thing you can’t simulate is the emotion of trading with real money. To get the most out of your practice-account experience, treat your practice account as if it were real money.

[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

Pulling the Trigger

2008-12-31T15:55:00.000-08:00

It’s trigger-pulling time, pardner.

This section assumes you’ve signed up for a practice account at an online forex broker and you’re ready to start executing some practice trades. You make trades in the forex market one of two ways: You can trade at the market, or the current price, using the click anddeal feature of your broker’s platform; or you can employ orders, such as limit orders and one cancels-the-other orders (OCOs).

[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.

Carry trade strategies

2008-12-31T15:47:00.000-08:00

A carry trade happens when you buy a high-yielding currency and sell a relatively lower-yielding currency. The strategy profits in two ways:

_ By being long the higher-yielding currency and short the lower-yielding currency, you can earn the interestrate differential between the two currencies, known as the carry. If you have the opposite position — long the low-yielder and short the high-yielder — the interest-rate differential is against you, and it is known as the cost of carry.

_ Spot prices appreciate in the direction of the interestrate differential. Currency pairs with significant interestrate differentials tend to move in favor of the higheryielding currency as traders who are long the high yielder are rewarded, increasing buying interest, and traders who are short the high yielder are penalized, reducing selling interest. So let me get this straight, you may be thinking: All I have to do is buy the higher-yielding currency/sell the lower-yielding currency, sit back, earn the carry, and watch the spot price move higher? What’s the catch? The catch is that downside spot price volatility can quickly swamp any gains from the carry trade’s interest-rate differential. The risk can be compounded by excessive market positioning in favor of the carry trade, meaning a carry trade has become so popular that everyone gets in on it.

Figure 3-1 illustrates the trending price gains of a carry trade, punctuated by sudden price setbacks. Carry trades usually work best in low-volatility environments, meaning when financial markets are relatively stable and investors are forced to chase yield. Keep in mind that carry trades need to have a significant interest-rate differential between the two currencies (typically more than 2 percent) to make them attractive. And carry trades are definitely a longterm strategy, because depending on when you get in, you may get caught in a downdraft that could take several days or weeks to unwind before the trade becomes profitable again.

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

Long-term macroeconomic trading

2008-12-31T15:39:00.000-08:00

Long-term trading in currencies is generally reserved for hedge funds and other institutional types with deep pockets.

Long-term trading in currencies can involve holding positions for weeks, months, and potentially years at a time. Holding positions for that long necessarily involves being exposed to significant short-term volatility that can quickly overwhelm margin trading accounts.
With proper risk management, individual margin traders can seek to capture longer-term trends. The key is to hold a small enough position relative to your margin balance that you can withstand volatility of as much as 5 percent or more.

[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.

When is a trend not a trend?

2008-12-31T15:30:00.000-08:00

When it’s a range. A trading range or a range-bound market is a market that remains confined within a relatively narrow range of prices.

In currency pairs, a short-term (over the next few hours) trading range may be 20 to 50 pips wide, while a longer-term (over the next few days to weeks) range can be 200 to 400 pips wide. For all the hype that trends get in various market literature, the reality is that most markets trend no more than a third of the time. The rest of the time they’re bouncing around in ranges, consolidating, and trading sideways. Although medium-term traders are normally looking to capture larger relative price movements — say, 50 to 100 pips or more — they’re also quick to take smaller profits on the basis of short-term price behavior. For instance, if a break of a technical resistance level suggests a targeted price move of 80 pips higher to the next resistance level, the medium-term trader is going to be more than happy capturing 70 percent to 80 percent of the expected price move.

They’re not going to hold on to the position looking for the exact price target to be hit.

[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

How to Set the Right Forex Trading Strategy

2008-12-30T11:26:00.000-08:00

Forex trading is a business venture. As a specific online business, you need to have set strategy for your trades. If you are new at the Forex market, your Forex trading broker could teach you how to develop a basic forex strategy. But as your skills advance and the money at stake becomes greater, you will certainly need to develop your own currency trading strategy to maximize your profit and minimize losses.

You can adopt a short term hit and run Forex trading strategy adopted by some Forex traders. Sometimes, this type of strategy is called scalping. It involves opening and closing trades within a very short span lasting for only several minutes. Essentially, you have to open a favorable position then after taking a short run profit you need to close your trade immediately. This kind of Forex trading strategy could bring small but numerous profits. You need to have lots of capital also to get considerable profit.

Another Forex trading strategy you can adopt is long term trading technique. You need to get lots of data from your Forex trading broker to implement this strategy. Long term trading involves holding a set position for several months. Some high roller Forex traders hold their positions for over a year. You will depend on fundamental analysis because you have to predict the long term movements of currencies. You also need to have lots of capital to cover the volatility of the market and avoid busting out.

The safest Forex trading strategy you can adopt is the medium risk – medium term trading system. Essentially, you will rely on your set trading positions for a day or couple of days. You can get technical data from your Forex trading broker to predict short term currency movements. This Forex trading strategy will not involve lots of capital and you can trade on the margins with large leverage. Be very sure though to seek advice from your Forex trading broker if this technique is suitable for your capital.

[Partnership With ForexGen]

Why Technical Analysis Works

2008-12-30T11:20:00.000-08:00

This article is all about the basics of forex charts and using technical analysis to win. It's the simplest most time efficient way to achieve currency trading
success and anyone can do it with the right forex education...
Forex charts allow you to see all the inputs that go to make up the price and while you get people who say you cant trade without taking into account the fundamentals, that to a degree is true - but forex technical analysis does take the fundamentals into account and the following equation will make this clearer:

Fundamentals (supply and demand) + Investor View Of = Price

The fundamentals are not important by themselves - it's how all the traders view them that makes the price. We all have the same facts to look at but we all draw different conclusions from what we see and this vast mass of opinion makes the market price.
Technical analysis simply assumes that all fundamentals will quickly show up in price action and it also does something more - it tells you how the investors perceive them.
Markets move on investor sentiment and that's why studying charts is so effective.

Human nature is constant and this is reflected in the charts.

[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.

How to Find a Winning Forex Scalping System

2008-12-30T11:14:00.000-08:00

scalping is a short term method of day trading and forex scalpers are looking to take small profits regularly by timing moves on hourly charts. The idea is to only take small profits but get lots of them, to build profits over time and earn a big consistent income. There are lots of forex scalping systems for sale but how do you pick a winner?

The first thing you need to do, is look at the track record of the scalping system presented to you and check for a disclaimer. If you see the one below ( or one with a similar wording), you need to forget the system and look at others. Here it is read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Basically, the above means the forex scalping system has not been traded and the vendor has simulated the track record in hindsight. A disclaimer like this, tells you nothing about the profitability of the system, as of course if we all knew tomorrow's price today, we would ALL be rich!

Making money in hindsight is easy, but we don't have that advantage in the real world.
Now you may be thinking well that's obvious enough - I Will just find a real time track record of forex scalping profits.

Get ready for a long search then! Why?
Well I have been searching for 25 years and not found a real time track record and the reason is:
Forex scalping doesn't work over the long term, because the logic it is based upon is fundamentally flawed.
The logic is, you can predict where prices will go in just a few hours - but of course you can't do this.

Volatility in short time frames is simply random.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Forex Scalping Methods for Big Consistent Profits

2008-12-30T11:06:00.000-08:00

Here we are going to look at forex Scalping methods and how they aim to achieve big consistent profits from day trading regularly and looking to accumulate small profits each day to build huge profits overtime. Let’s look at forex scalping in more detail.
Forex scalping is more popular than ever and there are numerous forex trading systems
and e-books, which claim it works but none of them work, (we will return to this in a minute) as the logic behind forex scalping is totally incorrect.
Why Forex Scalping Can NEVER work longer term
The reason it doesn’t work and never can is simple to understand if you think about it – you need valid data!

Consider this:
Each day trillions of dollars are traded by millions of forex traders and the total of all these opinions come together and give us the price.
The thought that you can tell what all these millions of people will do, in just a few hours is laughable.
You can’t!
Volatility can and does take prices anywhere in short time periods and support and resistance levels are meaningless. If you have no valid data, you will lose and that’s EXACTLY what happens to people who try forex scalping or day trading.

You may be saying:
I have seen the proof it works and seen track records presented by forex scalpers and yes you have – but their NOT real!

See the standard CFTC disclaimer below and you will see why these track records cannot be trusted:
“Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show”.

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

Tell Me About Forex Scalping

2008-12-30T10:58:00.000-08:00

Trading on the Foreign Exchange market, or forex, has become increasingly popular due in no small part to its sheer size and volume of trading. There was a time when only the large investment banks and other "institutional" vehicles of finance could play in the currencies market but now it is possible for just about anyone to invest in the Forex. Just as with equities or commodities traders, investors in the Forex need some type of strategy when deciding on currency pairs and when to enter and exit a position.

Scalping is one of many Forex investment strategies and at its simplest involves anticipating short-term movements in the exchange rates. Forex scalpers are like the polar opposites of those who use the buy-and-hold approach because they are only looking to enter and exit a position quickly-make their profit and run. Scalpers may only hold a position for a few hours-and in the extreme cases-or mere minutes. These "hit and run" investors look for market indicators specifically known to affect rates on the Forex.

National and international news events have been shown to affect currency exchange rates. In truth, the forex trads 24 hours a day with investors all having access to real time pricing changes. Thus, a Forex scalper may only have a few minutes to enter and exit a position before the market corrects itself and factors the news into the pricing. Scalpers use key indicators to help them anticipate the price fluctuation, such as:

• GDP - Gross Domestic Product
• Unemployment
• Inflation
• Trade balance
• Interest rate announcements
• Consumer/business confidence surveys
• Retail Sales

Government statistics tend to be more valuable to Forex scalpers for a couple of reasons. First, the U.S. dollar backs nearly 90% of all transactions on the Forex so any economic data released about this key nation will likely have some affect upon the exchange rates-at least temporarily.

Secondly, U.S. government statistics are considered to be some of the most reliable and accurate data that investors can get their hands on. Plus, the real benefit to scalpers is that government data are supposed to be well-guarded secrets meaning that all investors-big or small-are made aware of the same information at the same time. Because small retail Forex traders are able to raise and move capital faster than larger institutional investors, they should have the advantage when it comes to taking advantage of short-term movements in exchange rates caused by the release of new information.

However, it is important to understand that a Forex scalper only profits if they can actually anticipate how the market will react to the information. For instance, if an investor had a position in the USD/EUR currency pair, they might be tempted to believe that the dollar should rise relative to the Euro if the U.S. had a higher rate of GDP growth in the 4th quarter. However, the dollar might actually fall based on this information if the U.S. economy grew at a slower rate than predicted-even if this rate was still higher than the Euro growth (and if the Euro zone grew faster than predicted). Plus, even if the investor does realize which way the market should move based on the information, they still need to enter and exit the position before the information can be assimilated into the pricing.

[ForexGen Customer & Trading Support]

ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.

Stochastics Are Most Useful

2008-12-29T13:54:00.000-08:00

Stochastics are most useful in measuring the strength of a trend and as augurs of a coming reversal in prices.
When prices are making new highs or lows and your stochastics are doing the same, you can be reasonably certain that the trend will continue. On the other hand, many traders finds that the best trading opportunity comes when their stochastic indicator is flattening out or moving in the opposite direction of prices. When these divergences occur, it's time to book profits and/or to establish a position in the opposite direction of the prior trend.

As should always be the case when using any technical tool, do not act on the first signal you see. Wait at least one or two trading sessions for confirmation of what the study is indicating before you commit to a position.

[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 Read And Interpret A Weekly Economic Calendar: International Trade

2008-12-28T14:14:00.000-08:00

Measures the difference between imports and exports of both tangible goods and services. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade. Changes in the level of imports and exports, along with the difference between the two (the trade balance) are a valuable gauge of economic trends here and abroad. Furthermore, the data can directly impact all the financial markets, but especially the foreign exchange value of the dollar. Imports indicate demand for foreign goods and services here and
the US exports show the demand for US goods in overseas countries. The dollar can be particularly sensitive to changes in the chronic trade deficit run by the United States, since this trade imbalance creates greater demand for foreign currencies. This report gives a breakdown of US trade with major countries as well, so it can be instructive for investors who are interested in diversifying globally.

For example, a trend of accelerating exports to a particular country might signal economic strength and investment opportunities in that country.

[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

Some Data About The Origin And Development Of The Currency Exchange Market

2008-12-25T16:02:00.000-08:00

Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange,
which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.
The modern foreign exchange market characterized by periods of high volatility (that is a frequencyand an amplitude of a price alteration) and relative stability formed itself in the twentieth century.

By the mid-1930s the British capital London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign
exchange was traded on the telex machines, or cable, the pound has generally the nickname “cable”.

After the World War II, where the British economy was destroyed and the United States was the only country unscarred by war, U.S. dollar, in accordance with the Breton Woods Accord between the USA, Great Britain and France (1944) became the reserve currency for all the capitalist countries and all currencies were pegged to the
American dollar (through the constitution of currencies ranges maintained by central banks of
relevant countries by means of the interventions or currency purchases).
In turn, the U.S. dollar was pegged to gold at $35 per ounce.
Thus, the U.S. dollar became the world's reserve currency
. In accordance with the same
agreement was organized the International Monetary Fund (IMF) rendering now a significant
financial support to the developing and former socialist countries effecting economical transformation.
To execute these goals the IMF uses such instruments as Reserve trenches, which allows a member to draw on its own reserve asset quota at the time of payment, Credit trenches drawings and stand-by arrangements

[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.

Low Spread Forex Trading

2008-12-24T14:32:00.000-08:00

The are some forex brokers who offer a low spread on forex trading. Be sure to check out FX Club's Zero Spread deal. Imagine you can trade with Zero Spread?Click here to check it out

Most forex brokers offer a 3 pip spread on the EUR/USD currency pair. EToro offers 2 pip spread on the EUR/USD currency pair. (Click here to visit eToro).
Oanda offers a 1.5 pip spread on the EUR/USD currency pair. Click here to go to Oanda. Oanda now also has a sliding scale on the EUR/USD forex currency pairs. At certain times you can trade as low as 0.9 pip spread on the EUR/USD.
Also try Easy Forex , Market IVA and MoneyForex
Note that the spread on currency pairs will differ. The most frequently traded currency pairs will have the lowest spread.

[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

New York Governor Proposes More Fishing Fees

2008-12-23T14:36:00.000-08:00

New York Gov. Paterson's budget calls for marine license, trout and salmon stampALBANY, N.Y. (AP) -- Fishing off New York's coast would no longer be free and casting your line for trout and salmon would cost more if lawmakers back Gov. David Paterson's plan for new conservation fees next year.
The administration's budget proposal contains a new marine fishing license for saltwater that would cost the same as the current freshwater license -- $19 a year for a state resident. A new mandatory trout and salmon stamp would cost $10.
New York sportsmen, already unhappy about the state closing its last pheasant breeding farm, want to be sure any new fees go to the Conservation Fund dedicated to restocking fish and protecting marine resources.

"I think that if we were assured that the $10 stamp, that money would go to a dedicated fund just for hatcheries, our members would take it in stride," said Harold Palmer, president of the New York State Conservation Council, which counts more than 300,000 members through clubs and county federations.
While they knew the federal government wanted coastal states to start registering all ocean fishermen -- a plan federal officials have delayed to 2010 -- Palmer said the New York saltwater fee proposal was a surprise. It would mean that fishing on the Hudson River below the Troy dam, a 150-mile saltwater estuary, would require a license, he said.

Holders of the state's lifetime sportsmen and fishing licenses apparently would be affected, Palmer said, though the proposed law hasn't been introduced yet and some details aren't available.
Conservation officers are already on the water around Long Island and New York City, checking on marine resources and fish market. Palmer said his organization plans to lobby lawmakers to consider a single license for both freshwater and saltwater fishing, or whether a freshwater license could be used on the Hudson north of the Tappan Zee Bridge.
Budget officials project adding $3 million from each new fee to strapped state accounts in fiscal 2009-2010, expecting $4 million from the trout stamp and $6 million from the marine fishing license the following fiscal year.
"To allow conservation activities to be supported by users, this budget creates a new marine fishing license and a trout and salmon stamp to support the Conservation Fund," according to Paterson's Executive Budget.Fees also would rise at campgrounds, cabins, golf courses and marinas operated by the state Office of Parks, Recreation and Historic Preservation.
No increases were proposed for state hunting licenses next year or at the Department of Environmental Conservation's camping areas in the Forest Preserve.

However, hunters were already upset that Paterson closed the last remaining state-operated farm where about 25,000 adult pheasants were raised annually for release in hunting areas around the state.
"The sportsmen were never involved in any talks about closing it down," Palmer said, though they pay about $40 million annually to the state for hunting, fishing and trapping licenses. "And there's no talks about any birds being released this coming year."
Paterson said the 9,000 breeding birds with clipped wings would be slaughtered and sent to food pantries, and closing the farm outside Ithaca would save the state $750,000 a year.
Raising pheasants was introduced in the 1920s, and there were once six farms, the program mainly supported with hunter license fees, Palmer said. About 60,000 other chicks were given to 4H programs and prisons to raise, he said.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

EUR/USD Fluctuations Continue

2008-12-22T14:17:00.000-08:00

EUR/USD retraced back to 1.4200 levels today after some very disappointing housing data came out in U.S. Overall situation continues to remain uncertain with the EUR/USD ranging between 1.4050 and 1.4250. It now formed a clear plateau pattern on the daily chart marking some major break in the Euro vs. Dollar struggle.

Housing report for September showed a further downfall in this economics sector with the decrease in both housing starts and building permits numbers exceeding pessimistic market forecasts. There were 1,191k housing starts (against 1,285k expected) and 1,226k new building permits (against 1,300k expected) this September.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Risks of Trading in Forex Market

2008-12-21T13:55:00.000-08:00

Although every investment involves some risk, the risk of loss in trading off-exchange forex contracts can be substantial.
Therefore, if you are considering participating in this market, you should understand some of the risks associated with this product so you can make an informed decision before investing.

As stated in the introduction to this booklet, off-exchange foreign currency trading carries a high level of risk and may not be suitable for all customers. The only funds that should ever be used to speculate in foreign currency trading, or any type of highly speculative investment, are funds that represent risk capital i.e., funds you can afford to lose without affecting your financial situation. There are other reasons why forex trading may or may not be an appropriate investment for you, and they are highlighted below.

The market could move against you

No one can predict with certainty which way exchange rates will go, and the forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you close it out will affect the price of your forex contract and the potential profit and losses relating to it.

You could lose your entire investment

you will be required to deposit an amount of money (often referred to as a security deposit or margin) with your forex dealer in order to buy or sell an off-exchange forex contract. As discussed earlier, a relatively small amount of money can enable you to hold a forex position worth many times the account value. This is referred to as leverage or gearing. The smaller the deposits in relation to the underlying value of the contract, the greater the leverage. If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire deposit. Depending on your agreement with your dealer, you may also be required to pay additional losses.

[ForexGen Promotions]

You’ve got a great trading system. So why are you losing?

2008-12-18T17:51:00.000-08:00

You’ve done your homework.

Countless hours of seeking out the right guru (or piecing together your own system). Weeks of monitoring your guru’s daily trade picks (or paper-trading and back-testing your homemade system). You’ve done it by the book. No seat of the pants trading for you!

OK, now you’re confident. It’s time to put your money where your homework is. You’ve had your coffee and your first trade signal is before you. Confidence high. Trade made. First loss. Not a problem. You understood before you started that successful traders both win and lose and “losing is part of the overall winning”.
You’ve also heard more then once that “successful traders don’t win on every trade.” Moving on, still confident. Next trade made. Another loss, but this one hurt your pride a little because you got stopped out early in the trade, and then the market rebounded and would have hit your profit target if you weren’t topped out.
You double check. Yep, you placed the stop where your trading system told you to place it. You kind of had a feeling that the early weakness in the market was just profit-taking from the previous day’s trading, but you’re trading a system and you must stick to it. Wounded, but resilient.
After a good night’s sleep and a few mouse clicks, your new daily trades are in front of you. Hey, this one looks good! It’s a little bit more risk than yesterday’s trades had, but look at that profit potential! With a smiling face, the trade is executed.
With a nice start to the trade, you’re feeling good and you’ve moved your stop to breakeven, just like your system said. Surprise piece of news - market reverses - blows through your stop - an “unexpected” loss. Is something wrong with the system? Has the overall market “personality” changed, affecting your system to the Core, rendering all your back-testing irrelevant? Your confidence turns to doubt.
You decide to “watch” the next trade… I mean, isn’t it wise to make sure the system gets back on track before you “throw good money after bad?” Isn’t that what a conservative trader does? Trade watched. It wins!
In your head, you beat yourself up a little because you know that when you started your “live” trading, you made an agreement with yourself to take the first 10 trades “no matter what”… and here you wimped-out and missed a big winner that would have gotten you even.
What’s happening?!!
What’s happening is that you are out of control. Your emotions are ruling your trading. The above scenario plays out in every trader from time to time.. newbee and veteran alike.
The winning trader senses what is happening and nips it in the bud. The winning trader spend time EVERY DAY, working on “the discipline of trading”. Reads a chapter in his favorite psychological trading book, scans the “ten commandments of trading” that hangs on the wall over his/her desk, listens to his/her mental training software for futures traders… Something… Every Day… before trading begins.
There are many more losing traders than winning traders… and it’s seldom about the trading system. In my career, I’ve come across at least 50 systems that I consider A+, yet I know for a fact that MOST traders that have traded on these systems have lost. Why? They were not in control of their emotions.
Are you?
ForexGen Demo Accounts Contest]

Win Cash Prizes

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

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

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

Stay away from forex margin trading until you are not properly aware of it.

2008-12-17T20:18:00.000-08:00

Practice makes one perfect whether it is forex trading or some other field. Take some time to be a smart player of the currency trading game. If you are not making profit initially, never make a rush. Keep your eye on the margin If you are not properly aware of the margin trading try to keep away. It is often said to be a great way to lose a lot of money quickly. Stay away from forex margin trading until you are not properly aware of it.

READ THE FULL POST HERE

NY Sheds Light on States' Budget Woes

2008-12-16T19:49:00.000-08:00

An 18% sales tax on non-diet soda. A 14% hike in public college tuition. The elimination of a tax rebate for homeowners.

These are but a few of the Spartan steps New York state Gov. David Paterson proposed Tuesday to close a projected record $13.7 billion deficit in the state's 2009-2010 budget. A broad swath of New Yorkers -- from school children to Medicaid recipients to transit riders -- will see cuts in their services. Meanwhile, drivers and parkgoers will pay higher fees.

"Change is never easy, but it is the only way we can put New York back on the road toward fiscal and economic recovery," Paterson said in a message to residents posted on the New York state Division of the Budget Web site. The budget "seeks shared sacrifice from all New Yorkers and includes reductions across virtually every area of government."

New Yorkers won't be alone in feeling the sting of budget cuts and tax increases in the coming year. States across the nation are struggling to cope with declining revenues at a time when demand for state services is increasing.

Some 26 states estimate they will have budget gaps in fiscal year 2010, which starts July 1 for the majority of states, according to the National Conference of State Legislatures. The deficits amount to a combined $65 billion.

New York officials must deal with their problems earlier than most since the state's fiscal year starts on April 1. And while the Empire State is feeling the pain of Wall Street's turmoil more acutely than its peers, other states are confronting similar problems.
"New York is a harbinger of what many states will be facing in coming months," said Robert Ward, deputy director of the Rockefeller Institute of Government. There will be "unpleasant news on both the tax side and the spending side.
Governors and other state officials are looking to Washington to help close their gaps, though they aren't counting on it. They are pressuring President-elect Barack Obama to quickly pass a stimulus package, which could provide funding for infrastructure projects, Medicaid and food stamp programs, among other items.

New York's woes

New York is bracing for an estimated 6.6% drop in its general fund tax revenues for 2009-2010. It expects to lose 180,000 jobs and see the state unemployment rate climb above 7% in 2009, up from 5.7% in October.

Like its peers, New York is facing a triple tax whammy: personal income tax revenue is declining as people lose their jobs and bonuses; corporate income tax revenue is shriveling as business profits dry up, and sales tax revenue is falling as shoppers rein in their spending amid the weakening economy.
The state is also very sensitive to the fortunes of the financial services sector, which accounts for 20% of state tax revenue and isn't in the best of health at the moment.
This downturn -- which has opened a $1.7 billion shortfall in the current budget and a $13.7 billion deficit for the coming year -- is forcing state officials to take drastic measures.

The steps include:
Reducing state aid to local school districts by 3.3%
Shaving $11.6 million from senior services program
Limiting the increase in Medicaid spending to 3.8%, down from 12%
Laying off 521 state workers
Closing prison camps, youth facilities and the Manhattan Addiction Treatment Center
Eliminating the sales tax exemption on clothing under $110

Imposing a sales tax on cable and satellite TV and radio
Subjecting manicures, massages and haircuts to sales tax
"There simply isn't the money to provide the services we all would like," Ward said.

Lean times for states
States nationwide have been slashing spending for months. Some 31 states had a cumulative $40.3 billion shortfall going into fiscal year 2009, and new gaps have opened up in 38 states mid-year.

In response, they've scaled back funding for K-12 education, higher education, corrections, Medicaid and local governments. Some have also trimmed their workforces or established hiring freezes.
Fiscal year 2010 is expected to be worse, experts said. Deficits are expected to balloon beyond the combined $65 billion reported by 26 states. This will likely provoke some heated debates when state officials gather in their respective capitols for budget talks this spring.

"States are going to have to make tough decisions in their budgets," said Elizabeth McNichol, senior fellow, Center on Budget and Policy Priorities.
At this point, states are trying to close the gap mainly through spending cuts, said Corina Eckl, fiscal program director at the National Conference of State Legislatures. Few are talking about widespread tax hikes.

But this may not last as their economic condition continues to weaken and their programs are cut to the bone, experts said.
Even when the national economy turns around, states will likely continue to struggle. They often lag the country both going into and coming out of a recession, Eckl said.
"The problems we are seeing today could pale compared to what we'll see in 2010," she said. "All bets are off for [fiscal year] 2011."

[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.

Australian Dollar Forecast: OPEC Expected to Announce Record Oil Output Cut

2008-12-15T10:33:00.000-08:00

The Australian dollar faces heavy event risk on Monday from the minutes of the RBA’s latest meeting. The bigger news, though, may be from an anticipated cut in output by OPEC on Wednesday, which leaves bullish potential open for crude oil. What impact will this news have on commodity dollars like the Australian dollar?

On December 15 at 19:30 ET, the Australian dollar will face the release of the minutes from the Reserve Bank of Australian’s December meeting, when they slashed rates by 100 basis points to 4.50%. Following that announcement, RBA Governor Glenn Stevens said that monetary policy was now expansionary, suggesting that they may stop cutting rates aggressively in the near-term. If the RBA meeting minutes reiterate this sentiment, the Australian dollar could actually gain.

There is another announcement traders should be watching this week: Wednesday’s meeting of the Organization of the Petroleum Exporting Countries (OPEC). As a commodity currency, the Australian dollar holds a solid correlation with oil (0.74 over the past 20 days). Since OPEC is anticipated to announce a sharp cut in production, a surge in oil could subsequently trigger a jump in the Australian dollar as well. Indeed, OPEC Secretary-General Abdullah al-Badri said on Monday that they “have to act…we see a very sizeable reduction.” As it stands, OPEC is anticipated to cut output by a record 2 million barrels per day (bpd), versus the biggest cut thus far in April 1999 of 1.716 million bpd.

According to Technical Strategist Jamie Saettele, the decline in crude oil was stretched and the 37.80 - 40 zone “should provide the support needed to stage a rally back to at least 56 and maybe 72. 5 waves appear complete at 40.50 and minor resistance is at the November 28 high at 55.98. Over the next several weeks, crude should reach more significant resistance in the 66.50 (Fibonacci)-72.37 area.” Given the severity of the cut expected by OPEC, there is strong fundamental support for Jamie’s technical argument.

Meanwhile, AUD/USD is at a crossroads, as major resistance looms above where we have two key trendlines intersecting at 0.6750. If the pair manages to break this resistance point, price is likely to target the November highs near 0.7000. However, if the OPEC decision is combined with broad US dollar weakness, AUD/USD could rally toward the 50% fib of 0.8524-0.6007 at 0.7265/75.

[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.

Dollar rises against the yen in night trading

2008-12-14T14:14:00.000-08:00

Dollar rises against the yen in night trading
Dollar rises versus the yen in trading late Friday night
The dollar rose against the Japanese yen late Friday night. The greenback gained to 91.15 yen from the 91.12 yen it bought in late afternoon trading.

New Zealand Dollar To Hold Bearish Bias On Curbed Risk Appetite
The New Zealand dollar turned a blind eye to the event risks scheduled for the week as the higher-yielding currency bounced back to pick up 200+ pips against the greenback. However, deteriorating fundamentals paired with dovish commentary by RBNZ Governor Alan Bollard suggests that the central bank will continue to ease policy throughout 2009, which is likely to spur increased selling pressures for the kiwi going forward.

[FOREXGEN 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.

THRUST BARS

2008-12-12T14:45:00.001-08:00

One of the strongest signals that can be obtained on any chart,
regardless of time frame, is what we call a thrust bar. Although
thrust bars occur in both directions, the best and most trustworthy are
those that occur in an upward direction. You will have to observe
them for awhile before you can come to appreciate what we've
written here. Your attention to thrust bars will be well worth the time
you spend in learning to identify them. You must also learn how to
manage trades that are the result of thrust bar actions.
In general, we buy a break out of the high of an upward thrust bar.
We'll show you some so you can get a better idea of what we're
writing about. The thrust bar below is at the point of the arrow.
Thrust bars close at or very near their highs. They are usually close
to double or greater than the size of those bars immediately
preceding them, although this is not necessarily the case. As you
study them, you will learn to recognize them when they are not much
larger than those bars preceding them. They invariably come out of
clusters of congestion.

We buy the high, or the breakout of the high, of the thrust bar once
we see it close at or near its high. Sometimes it is all we can do to
get in one tick above the thrust bar high.
Other times, the following bar will dip a bit lower than the thrust bar
high, thus giving us a chance to get in at a slightly lower price using
the Trader’s Trick. On the chart above, the lower arrow points to the
thrust bar. The upper arrow points to the buy point. A “price or
better” order is good to use with thrust bars if it is possible for you to
enter such an order.

Thrust bars can also occur in trending markets. You wait for a 1-2-3
low followed by a Ross Hook. Then you look for a thrust bar on up to
four bars of correction. Once again, you will have to work out the
trade, money, and risk management.
There is no miraculous way to do it that applies to everyone equally.
You will have to take into consideration your own trading style,
228
amount of acceptable risk, and the size of your account. We'll show
you an example of a thrust bar occurring in a trending market. If
however, you were trading 1-2-3’s and Ross Hooks, you would have
already been in this trade.

[About FOREXGEN]

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Forex trading information

2008-12-05T12:52:00.000-08:00

forex trading and currencies has become a popular choice for day traders with the introduction of online forex trading platforms and brokers to the internet during the 1990's. the Forex market is by far the most liquid worldwide market and is open 24 hours a day (Mon-Fri) for trading in all time-zones.
Day traders tend to prefer the forex trading for online trading due to its volatile reaction to news, market data, and because of its trending nature. Forex is the simultaneous buying of one currency and selling of another as forex is traded in what is known as "cross pairs" for example GBP/USD (?/$) or EUR/USD (Euro/$).
Brokers will typically quote a price with a spread between the bid and offer, usually of around 3-5 pips, from which you can buy or sell the pair then profit from closing the position with a trade in the opposite direction.

One of the best methods to avoid unnecessary risks is avoid fraud dealer.
Forex is a special trading business with no centralized market. Thus, unlike regulated futures exchanges, there is no central market place for Forex buyers or sellers therefore the price offered by different Forex dealers may vary a lot. When you are trading in Forex market, you are totally relying on the dealer’s integrity for a fair deal.
Further more, you need to select a right Forex dealer to avoid scams. There may be Forex dealers that are not regulated legally and there maybe investment scams, especially on the Internet. Be very careful on who you are dealing with in Forex and always check cautiously on the investment offer.

Stop loss order
Since forex trading became popular there has been an huge influx of forex trading and trading platforms to the web. Finding your way through them all is a daunting task for most newcomers to forex trading. It is always best to open an account with an established broker with a good online trading platform.
The Forex market could move against you. No one can predict with certainty which way exchange rates will go, and the Forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your Forex contract and the potential profit and losses relating to it. To avoid losing all of your investment capital, you should have a pre-arrangement on your risk profile. A solid risk profile will limit the Forex dealer not to overtake risk that you cannot handle. For example, if you have 100,000 to invest, you can say that you are willing to risk 10,000 of that capital with the potential to gain another 100,000. This can be easily implemented by a fund manager, so your losses can be limited to 10% or 5% of invested capital

[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.

Just What Goes Into Making A Successful Forex Trader?

2008-12-05T12:27:00.000-08:00

Forex trading is the largest financial market in the world. The last twenty years the Forex market boomed to incredible heights. The rising amount of internet users supported the development of the Forex market. Forex is an abbreviation of Foreign Exchanges. Forex is often abbreviated as Fx.

Forex trading is fun and with a little practice, perception and experience trading Forex can be very lucrative. Forex trading is all about speculating on changes in the exchange rates of currencies such as the Dollar, Pound, Yen or Euro. Most often Forex traders develop a greater awareness of world news. After all, changes in the world, mean changes in the exchange rates.
Forex Trading is your partner when it comes to Forex trading. We admit the importance of choosing the right Forex broker. Read our extended Forex broker review to find the Forex trading broker that suits you the best.
Basics Forex trading
Foreign currencies are always traded in pairs. Example: (USD / EUR) (GBP / EUR) (JPY / USD) The first currency is called the 'base' currency, the second is called the 'counter' or 'quote' currency. When a pair is listed as: (EUR / USD) the Euro is the base currency and the US dollar is the counter currency.

The US dollar is a world leading currency, therefore it's listed as a base currency more than any other currency. Currencies are quoted in the following way:
• EUR / USD 1.4958
This quotation means that 1 Euro can buy 1.4985 US dollar. If the base currency's value would rise in comparison with the counter value, one Euro could buy more US dollars. We call this an increasement of the quote. When the opposite would take place, it's what we call a decreasement of the quote

[Why ForexGen?]

Forex market trading basics - learning currency exchange trading

2008-12-04T18:01:00.000-08:00

At first, people who are interested in forex trading would feel that they have too much to learn before they can even have profit in this business. But even if it really is not an easy business, it is not that difficult to understand. It just takes a little time and more patience from the trader and in time, you will learn to be a master of this forex trading
The forex trading is the largest trade market in the world and it is primarily about the foreign exchange and the way that the currencies respond to the different evens in and out of a certain country. What a trader must do is to learn to understand the forex trading information that would affect the currencies.

An ideal situation for a trader is to buy the currencies that have lower price and it will be sold to other at a higher price. This is how profit will be gained in forex trading. However, the currencies change as time goes by. Every day, the currencies in the countries change and the trader should know when he must sell and when he must buy currencies.

The traders negotiate with other traders which then causes the changes in the value of each currency. A trader must be very knowledgeable on how the things work inside a forex trading and in the outside. He must have a strategy to follow and it would be his way to gain profit. One can also try to do what other successful traders have done.
But once he got the strategy that works for him, he must not change in what he is currently using. What a trader must do in the market is to use the strategy and use it well so that he can master how to use it and it can lead him to getting more profits through it.
With your own ways in the forex trading, you will have the profit when you have the working edge over others. Real information is what is needed by the trader so that he will be able make use of them in his decisions. You will need more information to decide and predict how the market would go for the day.

The forex market trading may make you lose during some time but you have to study what you have done wrong so that in the next trade, you will be more knowledgeable and you will know how to deal with the situation. This is how you will gain your experience and you will have the necessary things that are needed in your business.

A trader may have a choice to read books about forex trading market, others rely on the Internet articles and e-books but even if the authors are well versed in the business, you cannot simply do what they have done unless you have a good grasp of the way that the market really works. You need to have the right experience so that you will know what to do and how to predict good to earn the right amount of profit.

[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.

Don't Lose Your Money in the FOREX Market - Have a Strategy

2008-12-04T17:13:00.000-08:00

The promise of "Easy Money" captures the interest of many beginning traders. You can find offers all over the Internet claiming, "risk free trading", "low investment", and "high returns". While there is some truth in this statement you will find that they are over simplified and the reality of FOREX trading is a little more complicated.

It is very tempting to dive right in and start trading as soon as you open your FOREX account. Doing this will most likely lead you to make the two most common mistakes of beginning investors. These are trading based on emotions and trading without a philosophy or strategy. While watching the movements of a currency pair you may feel that you are letting an opportunity pass by if you don't get involved.

So you buy only to see the price start moving against you, in a panic you sell at a loss, to then watch the price recover.
You must have a rational strategy and not base any decisions on emotion. Undisciplined trading like the scenario described above will only lead to losing money.
You have to be well educated in market movements to make rational trading decisions. You must be able to read technical studies and analyses and use that information to plot out entry and exit points. You must be able to use the various types of trade orders available to maximize your profits and minimize your losses.
The first thing you have to do is to understand the market and the forces that move it and affect it. Learn who trades on the FOREX market and why do they do it. Who are the successful traders and what do they do that makes them successful. By doing this you will be able to identify the successful trading strategies and use them to help you develop a strategy of your own.

Banks, Corporations, Governments, investment funds, and traders are the major groups of investors in the foreign exchange market. While they all have their own objectives four of these five all have one thing in common. They have external controls; these are rules and guidelines that control the trades that they make and the basis that they can be held accountable to. The exception to that are the individual traders, they are accountable only to themselves.
A trader that enters the market with out rules and guidelines is setting himself or herself up to lose money. The "big boys" and the well educated investors all approach trading with strategies, if you want to play on the same field with them and be successful you will have to play by the same rules. You absolutely must have a trading strategy, and you will need to be disciplined and follow it.

Money management is a critical part of every trading strategy. Along with knowing which currencies to trade and how to recognize entry and exit points as successful trader must has to manage his available resources and make money management part of his trading plan. Available capital, margin and profits and losses must all be considered as part of strategy development.

[About ForexGEN]

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

New Zealand Dollar Technical Outlook

2008-12-03T19:37:00.000-08:00

There is quintuple divergence with RSI on the daily NZDUSD chart, which warns of a reversal.

Last Friday’s inside day reinforces the potential reversal to the upside. Staying above .5186 keeps the short term trend bullish.

[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.

Yen Technical Outlook

2008-12-03T19:24:00.000-08:00

Staying bearish the USDJPY has proved a wise decision although the decline over the last month has been choppy. As long as price remains below 96 (below the resistance line from early October), bearish potential is significant (below 80).

Another reason to stay bearish is that the USDJPY is not ‘acting’ as it has at recent bottoms. Turns usually occur with a price spike (notice indicator on chart). There has been no spike recently in the USDJPY, which tells me that a bottom is not likely to form soon.

[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.

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

forex news

2008-12-02T19:14:00.000-08:00

Disasters of the natural kind, such as a hurricane or typhoon or even an earthquake has the capability of consuming a great deal of a nations resources. Hence, Forex traders watch news of these types of natural disasters.

Political events, such as the U.S. presidential election cycle has substantial consequences on the valuation of currency; hence, Forex news incorporates updates on presidential candidates, general elections, primary elections.

[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.

Political News

2008-12-02T19:08:00.000-08:00

Financial and currency news are not just the only stories of news of interests to Forex traders as well as investors. Forex traders also have a lot of interest in political news that may have an impact on different countries currencies.

Events that are tragic such as a political leader getting assassinated can effect the currency futures in the nation where the events happen and can also have a trickle down effect to the surrounding areas; for instance, the assassination of Benazir Bhutto in Pakistan.

[ForexGEN White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Broker | Financial News

2008-12-02T19:01:00.000-08:00

When the United States Federal Reserve made its latest rate cut, one Forex news service indicated that the overall expectations for the U.S. Dollar were "falling like a rock".

Fears of a recession within the United States might drive the US dollar even lower than it already it is. (In Forex trading, the reality that the dollar falls is not thought of as a negative, provided that the trader leverages the fall when making a trade for higher priced, higher value currencies around the world).

[ForexGEN 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:

Broker | Financial News

2008-12-02T18:50:00.000-08:00

Just to give you a few examples that are interesting from recent Forex news stories that FX day traders have encountered. Forex currencies are always traded in pairs. So stories typically refer to two different currencies.

These Forex news stories directly are correlated to finance and currency.
A recent story that indicated that traders had just tipped to a net short position right on the same day that the British pound increased to a 200 plus point rally. Forex trader carefully monitors the U.S. housing slump, trying to estimate the market for the mortgage futures.

[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.

ForexGen | Japan's October Industrial Production Down Sharply

2008-11-28T09:14:00.000-08:00

Japan's October industrial production down sharply; consumer price index up

Japan's government reports that the country's industrial production fell 3.1 percent in October from the previous month, as the global slowdown forced companies to cut output.

The result, which follows a 1.1 percent rise in September, undershot expectations for a 2.5 percent decline forecast by Kyodo News agency.

The government also says that prices continued to climb in October, with the key consumer price index up 1.9 percent from the previous year.

ForexGen Money Manager

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with ForexGen:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

Individualized services:

ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:

* Up-To-Date RSS news feed.
* Lowest spreads in the Forex Market.
* Tremendous amount of Technical Indicator.
* Fast order execution.

ForexGen | Obama Reassures Nervous Nation on Ailing Economy

2008-11-27T10:32:00.000-08:00

Obama reassures nervous nation on ailing economy, names former Fed chair to economic team
President-elect Barack Obama sought to reassure the nation and nervous holiday shoppers about the ailing economy Wednesday as beleaguered stores braced for their most important month of the year.

"Help is on the way," he proclaimed at his third news briefing on the economy this week. Fifty-five days away from taking office, he declared he would have an economic plan ready for action "starting day one."

Investors' improved spirits kept pace. The Dow Jones industrials climbed 247 points, marking the first time since last spring that the average had risen for four straight sessions.

To help with ideas from outside the White House, Obama announced he was forming a new team of advisers with former Federal Reserve Chairman Paul Volcker as the head.

"There is no doubt that during tough economic times family budgets are going to be pinched," Obama said. "I think it is important for the American people, though, to have confidence that we've gone through recessions before, we've gone through difficult times before, that my administration intends to get this economy back on track."

The crucial holiday shopping season gets under way in earnest on Friday, the day after Thanksgiving, with deep discounts already in place as stores try to lure buyers who are worried about their jobs and homes.

Volcker, 81, will head the President's Economic Recovery Advisory Board. The board's top staff official will be Austan Goolsbee, a University of Chicago economist, Obama said.

Volcker is no stranger to economic crises, having led the Fed under two presidents from 1979 to 1987. Volcker is a legendary central banker who raised interest rates and restricted the money supply to tame raging inflation in the 1980s. It was a painful prescription that helped send the economy into one of the nation's worst recessions.

However, he is largely credited with ushering in nearly three decades of relatively low inflation -- an unthinkable feat in the 1970s, when the country was grappling with high unemployment, high interest rates and ever-rising prices.

"He pulls no punches," Obama said of Volcker. "He seems to be fairly opinionated."

Obama spoke as businesses were preparing for what many fear could be a disastrous month. And there was more bad news on the economy's current state.

The government reported Wednesday that jobless claims had remained at recessionary levels, consumers had cut back on their spending by the largest amount since the 2001 terrorist attacks, orders to U.S. factories had plunged anew and home sales had fallen to the lowest level in nearly 18 years.

Still, investors produced the Dow's fourth straight day of gains.

Fresh government bailout programs this week were given much of the credit. But Obama's encouraging words seemed to help as well.

"People should understand that help is on the way. And as they think about this Thanksgiving shopping weekend, and as they think about the Christmas season that is coming up, I hope that everybody understands that we are going to be able to get through these difficult times," Obama said. "We're just going to have to make some good choices."

As for his own choices for top officials, he defended his selection of former Clinton officials to help run his administration.

"The American people would be troubled if I selected a treasury secretary or a chairman of the National Economic Council at one of the most critical economic times in our history who had no experience in government whatsoever," Obama said.

"What we are going to do is combine experience with fresh thinking," he said. "But understand where the vision for change comes from. First and foremost, it comes from me. That's my job."

Obama said he will announce the remaining members of his new economic panel in the coming weeks. He already has named New York Federal Reserve President Tim Geithner as his treasury secretary and Congressional Budget Office Director Peter Orszag as his candidate to run the White House Office of Management and Budget.

Geithner was a Treasury Department official during the Clinton administration, and Lawrence Summers, who will head Obama's National Economic Council, was Clinton's treasury secretary. Other Clinton administration names include Eric Holder, who will be Obama's attorney general, and Rahm Emanuel, the president-elect's chief of staff.

"What I don't want to do is to somehow suggest that because you served in the last Democratic administration, that you're somehow barred from serving again," Obama said. "Because we need people who are going to be able to hit the ground running."

Obama said his new economic panel will include people from business, labor and academia, "who will bring to bear their wisdom and expertise on the formulation, implementation and evaluation of my administration's economic recovery plan."

His economic team largely complete, Obama is expected to introduce national security officials next week, including Hillary Rodham Clinton as his secretary of state. He is expected to announce he has asked Defense Secretary Robert Gates to remain at the Pentagon for a year. James Jones, a former Marine Corps commandant and NATO commander, is Obama's pick to be national security adviser.

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.

ForexGen | Can You Succeed at Forex Trading?

2008-11-25T00:54:00.000-08:00

Have you got the mental profile required to do the job it in the vicious, sometimes sky high, other times mine-shaft depression low world of FX Trading? OK this may sound like a coaches motivational rant, but having the right psychology WILL influence your profits - So before you lose your savings read this and ask yourself - Is this me? Or should I stay with regular shares?

There are many aspects of Forex trading that are outside the investor's control.

Forex market players number in the millions - traders from the world's banks, governments and private people - just like you. Unlike shares, even the biggest traders have a minute effect on exchange rates.

Even when setting interest rates and other actions that influence inflation, the largest governments can have no immediate impact on exchanges. The Forex markets are simply too large - $2 trillion daily - for any one player to dominate the action.

Trading strategies, which are essential, can increase the odds of making profits and help minimize or avoid losses. They give the knowledgeable trader that tiny edge that can make the difference between winning and losing on a given trade, or over time.

But before looking at market influences, and even before developing a set of technical strategies that help guide trading choices, the novice Forex investor has to honestly and objectively examine his or her own attitudes.

Currency trading is very fast, complex and needs a well considered strategy. That game plan has to be executed with nerve and skill. Trading successfully in a demo account for several weeks is essential but can lead to unwarranted confidence. Traders who invest Monopoly money will often take chances, leading to successful trades, that they wouldn't dream of taking with real money.

Real trading requires answering honestly a number of questions that can be difficult to answer objectively when the subject is the self-same trader asking them. What are your financial trading goals? Looking for a quick buck? Seek elsewhere. You will have losses that wipe them out. Looking for secure, low-risk capital accumulation? Try AAA bonds instead.

Currency trading can be a stimulating mental game and an exhilarating adventure at the same time. The thrill of victory! The despair of (temporary) defeat! The mastery of the intricacies of Fibonacci, Parabolic SAR, Stochastic Oscillators and Doji Stars. All this, and much more, is part of Forex investing.

As a result, you have to be very honest with yourself and decide how (and whether) you are prepared to deal with the fear and pressure. Even professional traders do not have any certain system of ensuring profits and avoiding losses.

The pressure of deciding when to buy and when to sell is many times larger than in stock trading. The fear of loss is greater, in part because of the amplification provided by 100:1 or larger leverage.

Even winning can be problematic. With practice and persistence, provided you don't quit too soon or run out of money too quickly, you will have periods when it all seems laughingly easy. That can lead to euphoria, which is great. But it can also lead to cockiness, which is fatal. Nothing will wipe out a trader quicker than arrogance. Confidence is essential, vanity is suicidal.

The other side of the coin to be avoided is too much second guessing. Successful trading requires bold moves based on sound judgment and confidence. Every decision is a small leap of faith, since no one can know in advance for certain what the outcome will be. Probability of one degree or another is the best that can be achieved.

All this will be accompanied by the fear of loss of capital, which often leads to panic selling in the face of what would have been a temporary price movement. From such panics are depressions made, both psychological and economic.

Forex is a roller coaster ride. But if you have a good inner ear and a strong stomach, bolstered by the brain of a statistician and the nerves of a pro billiards player, you will be well suited to end the ride with full pockets.

ForexGen Trading Support

Dealing Rooms

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone in these situations:

* If you are not able to access the internet. * Failing to receive a confirmation on an online order. * Failing to connect to ForexGen server.

Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.

1. Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.
2. Determine whether the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.
3. Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . .".

ForexGen | Honest Forex brokers

2008-11-25T00:35:00.000-08:00

It`s not always easy to know what to look for in a forex broker, especially in any market, much less a market as complex as currency. But, if you want to trade in the market you need a good firm to work with. While it might be tempting to simply ask the brokers what they can do for you, you can`t always depend on them to give you a straight answer. So instead, I`ve put together a few things to consider when choosing your forex broker. You will want a forex broker that has low spreads. The spread, which is calculated in pips, is the difference between the price at which a currency can be bought and the price at which it can be sold at any specific point in time. Since forex brokers don`t charge a commission, this difference is how they make money. Low spreads will save you money.

Along with this, you should be looking for a forex broker attached to a reputable institution. Unlike equity brokers, they are usually attached to large banks or lending institutions. The firm should also be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity Futures Trading Commission (CFTC).
Once you`ve narrowed your choices down to brokers that won`t cost you too much, and that are reputable, consider the trading tools that they are offering you. Forex brokers have many different trading platforms for their clients, just like brokers in other markets. These often show real time charts, technical analysis tools, real time news and data, and may even offer support for the various trading systems.
Before you commit to any one company, request free trials of their tools. Brokers generally provide technical as well as fundamental commentaries, economic calendars, and other research to help you make good trades. Shop around until you find a forex broker who will give you everything that you need to succeed.
The next item that you will need to evaluate carefully is the number of leverage options your potential partner has. Leverage is a necessity in forex trading because the price deviations in the currencies are set at fractions of a cent. Leverage is expressed as a ratio between the total capital that is available to be traded and your actual capital. For example, when you have a ratio of 100:1, your forex broker will lend you $100 for every $1 of actual capital you have. Many brokerage firms will offer you as much as 250:1. If you have low levels of capital you will need a brokerage with high levels of leverage to make reasonable profits.
If capital is not a problem, any forex broker that has a wide variety of leverage options would be a good choice for you. A variety of options will let you vary the amount of risk you choose to take. For example, less leverage (and therefore less risk) may be preferable if you are dealing with highly volatile (exotic) currency pairs.

Along with different levels of leverage, look for brokers that offer different types of accounts. Many brokers will offer you two or more types. The smallest account is known as a mini account and it requires you to trade with a minimum of around $300. The mini account also generally offers a high amount of leverage.
The standard account allows you to trade at a variety of different leverages, but it requires minimum initial capital of $2,000. And finally, there are premium accounts, which often require significant amounts of capital. They also generally have different levels of leverage available to the traders who use them, and often offer additional tools and services. You will need to make sure that the partner you choose has the right leverage, tools, and services for the amount of capital that you are able to work with.
A brokerage firm that meets all of these needs should be a good forex broker for you, but you still need to be certain that they are honest. Dishonest brokers can be prone to prematurely buying or selling near preset points (commonly referred to as sniping and hunting) or may indulge in other habits that will cost you money.

Obviously, no brokerage firm admits to doing things like these, but there are ways to know if they have. The best ways to find out more about your potential forex broker is to talk to fellow traders. There is no list or organization that reports dishonest activity, but a visit to online discussion forums, or a simple conversation will often reveal who is an honest forex broker.
You should also watch to see if a brokerage firm has strict margin rules. Since you are trading with borrowed money, your honest forex broker has a say in how much risk you are able to take. You agree to this when you sign a margin agreement for your account. This means your firm can buy or sell at his discretion, to cover the brokerage firm's interests, which could have repercussions for you.
Say you have a margin account, and your position takes a headlong nosedive before it begins to rebound to all time highs. Even if you have enough cash to cover it, some brokers will liquidate your position on a margin call at that low point. This action on their part can cost you dearly. You can only find out whether the firm is prone to this kind of activity by talking to other traders. Being informed on all aspects of honest forex broker before you make the decision to trade with them will allow you to start trading the forex market with confidence.

Partnership With ForexGen

ForexGen offers three types of business partnerships:

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.

Refer a Friend Promo to ForexGen

2008-11-14T06:22:00.002-08:00

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.

Bonus on Deposit in ForexGen

2008-11-14T06:22:00.001-08:00

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 Pro Accounts

2008-11-14T06:21:00.001-08:00

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…

Rebates Trading Activities in ForexGen

2008-11-14T06:20:00.000-08:00

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.

ForexGen Premium Accounts

2008-11-14T06:18:00.002-08:00

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.

ForexGen NDD Accounts

2008-11-14T06:18:00.001-08:00

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.

Do I Really Need a Business Broker?

2008-11-10T02:21:00.000-08:00

If you're considering selling your business or buying a new business
, it won't be long before you begin to wonder if you need a business broker to handle the deal. Whether or not you really need a business broker depends on how much of the deal you intend to handle yourself.

Exactly what are business brokers anyway? Business brokers are firms or individuals who take care of the details when businesses are bought and sold. Brokers are a third party in the transaction--that is, they aren't the seller or the buyer of the business in question. They function in the same way as real estate agents. Their role is to bring together sellers and buyers, expedite the negotiations and handle the details of the transaction in the event of a successful deal.

Good Reasons to Work with Business Brokers

There are some excellent reasons why you should consider using business brokers instead of going it alone in the transfer of business ownership. The advantage most people site is time savings. The sale or purchase of a business can be a time-consuming affair. Gathering the required documentation alone can take what seems like forever. Business brokers have a lot of experience assembling these documents on your behalf, which frees you from taking the time to do it yourself.

The qualification of prospects is another area where using business brokers has the advantage. It's particularly frustrating when you spend time courting someone who seems like a serious prospect, only to find out they don't have the means to purchase your business. If you want to be sure that you only work with buyers who actually have the capability to purchase, then you can let your business broker know that you only want to talk to qualified buyers.

Most skilled business brokers keep an up-to-date list of prospects who are ready and able to purchase your business. In some cases, there might not even be a need for advertising or listing your business for sale. If you're in the market to buy, brokers should have a portfolio to offer you. Once again, you see how using the services of business brokers can streamline the entire process.

When you enlist the aid of a business broker in the purchase or sale of a business, you're also accessing their experience. For some business buyers, this is not an important issue--they already have experience buying businesses. However, business sellers are often less experienced in this type of transaction because people generally take the role of a seller less often. Brokers have accumulated a great deal of experience through many transactions. There's a good chance you will be able to benefit from their experience.

Finally, business brokers can help you maintain confidentiality. The larger your business happens to be, the greater the need for confidentiality in the sale process. The whole deal could be negatively impacted if news of an impending sale becomes too widely known. It could cause fluctuations in the offers and also demoralize your employees. Business brokers are well-practiced at keeping these sales confidential.
Reasons to Avoid Working with Business Brokers
Most business brokers are honest, legitimate businessmen who happen to succeed when you do. In most cases you will share common goals (the sale or purchase of a business). Business brokers thrive on referrals and recommendations, so they want your experience to be positive. However, there are reasons why you might want to avoid signing up with business brokers for the sale or purchase of a business.

Working without a broker may end up costing you less. Keep in mind that business brokers earn money through their commissions on the sale of a business. The amount of work they put into the transaction certainly is worth some amount of compensation. Either the seller of the business or the buyer will be responsible for paying a commission to the honest forex broker.

Sometimes you have to wonder what a business broker's true motivations are. Normally business brokers work on behalf of one party or the other. His business and perception of successful depends on his ability to facilitate successful negotiations and complete a sale. You probably don't have to worry about getting factually incorrect information about a business from the broker, but you do want to watch out for "spin" that makes things sound more attractive than they might be.

In some technical, specialized businesses, brokers might not possess knowledge of the industry details that is needed to successfully complete a sale. If you're in the market for a business that is based on specific industry knowledge, then you might be better off working on your own instead of spending all your time educating the business broker.
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.