Forex Information

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

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

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

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

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

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

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

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

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

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

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

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Personal Opinion in Forex Trading for Beginner Forex Traders

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

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

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

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

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

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ForexGen offers three types of business partnerships:

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Making Profit in the Foreign Exchange Market

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

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

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* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
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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.
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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
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What beginners need to know about Forex trading?

Being new to FOREX trading?

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

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

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Possible Trade Scenarios

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

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

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

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

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

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3. ForexGen offers Forex trading in the major currency pairs and crosses.
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5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
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How to Use The Information Gathered So Far

Determine The Big Picture (for intraday trading)

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

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

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

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Advantages of No Dealing Desk Option

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