Monday, 18 August 2008

Advanced Techniques Of ForexGen

In this Post I am going to cover a slightly different technique for entering the market by using of a different set of indicators.
Keep the 89’s and 144’s on the charts as this is still the main trend identifier.
You can combine this technique with the method we have just covered or you can use it as a stand-alone method.
For this particular method you will use three indictors.
All the indicators are readily available on most charting services so I will discuss them only briefly.

Tuesday, 24 June 2008

Advantages of No Dealing Desk Trading Through ForexGen


With No Dealing Desk execution, traders, through the ForexGen Trading Station, have the ability to trade on rates provided by some of the largest banks in the world. These banks compete with each other to provide the best rate, which results in spreads as low as 2 pips. No Dealing Desk execution combines the benefits of trading prices from top-tier banks, with the convenience and speed of ForexGen's award-winning trading platform.


You trade when you want—even during market-moving news and economic events. Furthermore, this system enables you to place entry orders at any price—even inside the spread. Unlike other firms, ForexGen offers 24-hour-a-day trade support, giving you the ability to place orders over the phone when the market is open. Our staff of 500+ highly trained specialists are available around the clock to service clients from our regional headquarters in Norway.In the institutional forex marketplace, currency trading spreads—the difference between the price at which traders can buy and sell—often fluctuate, widening and narrowing depending on market volatility.


As the forex market is an over the counter market with no centralised exchange, not everyone receives access to the same prices or quality of execution. The world's largest banks tend to provide better prices and execution to institutions with the largest trade volume and the most solid financials. ForexGen averages $200,000,000,000 ($200 billion) in monthly notional trading volume and is one of the most well-capitalized Forex Dealer Members.


According to the financial data posted on the CFTC website, as one of the oldest and largest high-volume retail online forex brokers, ForexGen has built strong execution relationships with many of the world's largest international banks.


ForexGen receives and is able to pass on the benefits of size, better prices, and better execution to our clients.

FOREXGEN ABILITY OF INTRODUCING BETTER TRADE EXECUTION


Our size and financial strength means better execution for our clients. Because the Forex market is an over the counter market with no centralised exchange, not everyone receives access to the same prices or quality of execution. The worlds largest banks tend to provide better prices and execution to institutions with the largest trade volume and the most solid financials. ForexGen is one of the most well-capitalised Forex Dealer Members. According to the financial data posted on the CFTC website, as one of the oldest and largest high-volume retail online Forex brokers, ForexGen has built strong execution relationships with many of the world's largest international banks. ForexGen receives and is able to pass on the benefits of size, better prices, and better execution to our clients.

ForexGen Strategies are the key to Profitability


Trading Forex online is a very technical skill that most people will need a little help with in order to make big profits. This is where an online Forex strategy service can come in handy and help make you into that professional trader in no time at all.


Trying to trade Forex completely on your own can be a very time consuming experience. I learnt that first hand when my enthusiasm to make money almost cost me my marriage.
Thankfully I found a strategy service which took a huge amount of workload away from me and also helped me to ensure I was consistently making the best trades, the product that gets my best strategy service award actually helped to save my marriage AND make me money! Read on to find out how this service can help you.


If you are looking for a strategy service that can reduce the amount of time you spend trading, then try ForexGen, a Forex trading strategy service offering you unbeatable advice that no Forex trader should be without. Traders tested this service they were amazed by its consistently good returns. It gains the lowest pip value which is 1 Pip spread !Equipped with automated buy, sell and stop-loss features, ActiveTrader enables you to make trades, monitor pips and dramatically reduce your exposure to risk. In many ways ForexGen is the Forex traders bible, whilst Forex Swing Trades .

FOREXGEN OFEERING OF AN INFORMER ..... CHECK IT OUT


ForexGen company offers a new service for the traders who have no possibility to keep a check on the quotes of FOREX exchange market constantly.ForexGen Informer is a program that allows tracing the quotes of fifty three exchange instruments in on-line mode. The service is very comfortable for the user, because Informer can be opened over the working windows: both while using text documents, and viewing website, as well as the other actions (drawing the design, watching the film, unpacking of the archive and td).Informer will help you to control the market without using MetaTreader trading platform. Due to the functions of transparent mode, it is more suitable for client, besides that, it portably situated on the worker zone of your display.

Proprietary Trader with ForexGen


ForexGen is currently offering a unique opportunity to traders worldwide to trade bank funds under direct supervision and guidance of successful traders. Candidates must have a strong educational background. Individuals must be highly motivated with strong interests in financial markets and trading.

This is a great learning experience and advancement opportunities are excellent.
This trading opportunity allows active professional traders to earn money without using their capital. If you consistently trade on an intraday basis and achieve profitable or breakeven results this is your chance to become a professional trader with our money.
In addition, candidates must be able to show a sound trading strategy and risk management. Traders are strongly encouraged to apply and take advantage of our unique offer.
Candidates must show:


A track record, which must be a verifiable statement from a registered brokerage firm. Track records must be from a live account; demo account statements will not be accepted.
A brief description of your trading methodology and trading experience.

THE DEMO ACCOUNT ADORABLE ADVANATAGES


Demo trading is a great way to get started in foreign exchange trading. It is identical to real trading, except that you're using "pretend" money. Demo trading allows you to get a taste for what type of events move markets and how they move. It encourages you to learn more about geopolitics, macroeconomics and global finance and these are all incredibly positive things.
Demo trading also introduces you to the rapture of greed. Trading is a means to one of the purest, most raw and potent forms of greed. The whole point of trading is to make money and the more money you make - the stronger the pull of your greed becomes. It is intoxicating and can take complete control of you.


But demo trading does not introduce you to fear. There is no fear when you are demo trading. It is like you have a perpetual get out of jail free card. If you start losing badly on a demo account - simply start a new one. There is no accountability for your trading failures and only recognition of your trading success.


So your demo account does not teach you how to handle the emotion of fear. This emotion is most likely going to lead to your downfall. Greed may get you overextended, but fear will stop you from cutting your losses. You may think that fear of losing money would cause you to cut your losses, but the stronger emotion is fear of being wrong and that causes you to hold on to your losing position - until it's all gone.


There is also the issue of account size. Many demo accounts give you $50,000 to play with. This type of capitalization allows you to buy 5 lots (500K) of EURUSD pretty easily. If goes up 20 pips you've made $1000. Nice one. But when you open your real account - it's more likely that you put $5000 or $10000 in there to begin with. Now you're dealing with a 50K lot, which means you'll take $100 out of a 20-pip movement. But mentally you are used to getting $1000 for that movement so you usually end up risking more. Next thing you know - your 200K position has turned against you 50 pips and you've lost $1000. That's real money you just lost. You can't just start another account.


The capitalization of the demo account is sufficient to sustain losses and still come out on top. But your real account is likely to be undercapitalized and if you're trying to achieve returns similar to what you got on your demo account - you are going to blow up very quickly.


Being honest with yourself
Ultimately, while providing an excellent introduction to FX trading - demo accounts do not accurately predict whether you'll be successful trading real money. Markets are dominated by psychology and often go against what fundamental logic or technical indicators suggest should happen. The single most critical factor in your trading success will be your ability to control your emotions of greed and fear. These emotions cloud your judgment and cause you to trade recklessly. Demo accounts introduce you to the emotion of greed, but by their very nature they are risk free and therefore there is no fear involved. They are also likely to be better capitalized than your real money account, which misleads you with respect to the amount of returns you can expect to earn.


For all of these reasons, demo accounts allow you to avoid being honest with yourself and this is perhaps the most important factor of all. You need to know your edge and your limits and in order to know these - you must be honest with yourself.


This being said, demo accounts are still very entertaining and educational and I highly recommend opening one to anyone who's interested in getting a taste of the exciting world of FX trading. It's a great way to learn more about economics, global politics and yourself.

FOREXGEN GIVES YOU THE CHANCE TO TRADE FIRST WITH DEMO ACCOUT




Over the past several years, the popularity of online currency trading has grown substantially.
Each day, online ForexGen attract new investors - each of them lining up with a glint in their eye, lured in by promises of easy money. Most of these companies allow you to sign up for a free demo account which lets you place mock trades using their trading platform to get a feel for the excitement of currency trading. In the casual world of free demo accounts - many young traders find they are able to garner impressive profits without a significant amount of effort. It almost seems too good to be true. But transferring this success from a demo account to a real account is far less common. Why is this? The actual trading platform behaves the exact same way, the market doesn't care whether you're a demo or real trader - so what is different? It's you who has changed. Not your personality, not even your trading style - but the factors that affect you are different.
What is the key factor to trading success?
The search for the "Holy Grail" of trading has been a common theme throughout the history of markets. There are a variety of different techniques. Those whom are inclined towards number crunching and pattern recognition may prefer technical analysis, whereas those more focused on the big picture, logical macro perspective prefer fundamental analysis. Then there are specific methodologies like swing trading, trend following or even more esoteric ideas like the Elliot Wave theory. Which one is best? There are examples of very successful traders using each methodology.
Since most new traders lose money - perhaps the more appropriate question to ask is, "What is the key factor to trading failure?"
Greed and Fear
Trading is an atmosphere rich in the porous emotions of greed and fear. The current price of a given security or financial instrument at any point in time can be thought of as the confluence of greed (bulls) and fear (bears). These two emotions make up the core of humanity itself. When market information is released, trading can be a high intensity experience. Sensing danger, your body releases adrenaline that acts to accentuate both your greed (fight) and your fear (flight). Because these emotions are so strong, they can cause you to act irrationally, ignore your system, stated set of rules or trading plan and to act upon impulse. Indeed, this is a genetically programmed response - but it is often also the trader's downfall, especially when he's playing with much better capitalized, more sophisticated and experienced foes that know how to manipulate those emotions.



When you are a trader - you are always under the influence of at least one of these two emotions, even if you don't have any trades on.



Impact of fear and greed on your trading
If the market's going up and you're in - greed is telling you to buy more and fear is telling you to take your profits while you still can. If it's going down, fear of being wrong makes you hold onto a losing position - and then greed sometimes convinces you to "average down" your position (and buy more) so it'll be easier for you to come back.
If the market's going up and you're not invested - fear is telling you that you're missing out on easy money but it's your greed that causes you to get in just after the greatest increase (just when its about to reverse course). If the market's going down and you're not invested - greed is telling you to get in as the price is cheap, while fear reminds you that you'll miss out on this opportunity if you don't act quickly.

Perhaps if we just felt greed, or just felt fear we would be able to control our emotions a little better. But when both of these little devils whisper into our ears at the same time - it is often impossible not to listen.



The Thrill of Greed
The first time you try FX trading - you will feel the thrill of greed. It is an ecstatic experience, your brain flush with neurotransmitters and your mind giddy with visions of untold riches about to be reaped. Greed is bold, aggressive and incredibly exciting. It can take hold of you both mentally and physically. Just imagine the possibilities!
This greed is what draws us into FX trading in the first place - the dream of easy money and 100:1 or 200:1 margin rates. It inspires us and causes us to forego rational thinking in favour of reckless abandon.

Your Guide to Learn a Forex Trading System with ForexGen


There are a great number of people in America that are interested in investing in order to make a tidy profit.


There are many ways to invest and many ways to make profits by investing. One method that has been gaining in popularity is that of the Forex trading system. If you are unsure of what this is, let me explain. Forex stands for foreign exchange. A Forex trading system is defined as the simultaneous exchange of one countries currency for another countries currency. If you would like more information, please let this be your guide to learning a Forex trading system.


The Forex trading system involves trading some of the world's most major currencies. These are: the dollar, yen, British pound, Swiss franc, and the Euro. The way the exchange rates of these types of currencies change is based on economic growth. An example: Sometimes the Dollar is worth more than the British pound because the United States was in a period of economic growth while Britain was on the decline. This can be because the unemployment rate was declining in the United States, while on the rise in Britain. Another example: the export rate is up in Asia so the yen is worth more than the Swiss franc where the export rate is down. Economic growth changes daily, so the value of these currencies changes daily. You need to learn to watch for these changes in order to make any money with the Forex trading system. Read more…


The Forex Trading system is much larger than that of all U.S. stock markets combined. In fact, the Forex Trading system makes about 1.9 trillion dollars each year. This is 30 times larger than the U.S. stock markets. Also, Forex trading is done throughout the entire world, so it is available 24 hours a day, unlike the U.S. stock markets.


You can learn the Forex trading system for free online at ForexGen site. ForexGen offers a free demo account and free Forex trading System training. This way you can practice everything you learn for free, without investing or losing any real money. Then when you get a feel for the Forex trading system, ForexGen offers a free 30 day trial or free trades to new investors. It is best to utilize some of this free training and the free demo accounts before you start investing your own money.


Now that you understand the Forex trading system a little better, you may wish to get out there and start investing. There is a lot of money to be made, or lost. Be careful and make sure you get the proper training first. With the right frame of mind, you may be able to make some healthy sums of cash through the Forex trading system!

Trading Terminal with ForexGen


The Trade Terminal allows trading and controlling the opened positions in real-time. It can be accessed through the menu opens View > Terminal or by pressing the Ctrl + T key combination. The Trade Terminal button on the toolbar can also be used. The Trade Terminal can be dragged to anywhere on the screen.


Trade TabIt includes a list of the active currency positions. Positions are managed through a context menu by right-click on any position.


Active Positions Context Menu - a synopsis:• New Order - will open new order form window. • Close Order - will open the close order form window. • Modify or Delete Order - use this option to edit your stop-loss and take-profit orders. • Trailing Stop - a predetermined trailing stop can be entered or set up a custom one. • Profit - determine the way of showing the profit as points, as term currency or as deposit currency. • Commissions - the Commissions fields applied on and off in your trade terminal. • Taxes - the Taxes field applied on and off in your trade terminal. • Comments - the Comments field showed on and off in your trade terminal. • Auto Arrange - When off, this allows you to rearrange your trade columns however you like (width, placement, etc.). • Grid - show and hide the grid to separate the columns.


Account History TabThe trade operations' information is stored in the Accounts History tab.News TabReal time streaming news, showed directly on the desktop ForexGen customers and demo users.Alerts TabThis tab contains information about any created alerts. The alerts are generated for signaling events in the markets. The trader can set up his own alerts and the client terminal will automatically inform the trader of the server event.Mailbox TabThe Mailbox is ForexGen internal mailing system which includes the information about the registration, account and system. Experts TabThe Experts tab contains the information about any attached expert, including opening / closing of positions, the modification of orders, the experts own messages, etc.Journal TabThe Journal tab contains a list of your actions within the current session.

BE ABLE TO AVOID LOSS AND MANAGE YOUR MONEY WITH FOREXGEN


Trading Profit/Loss with ForexGen
Trading Profit/Loss



The differential indicator is an indicator used to identify the profit/loss that would have been realized if any trader submitted multiple positions at the same time.
The indicator shows the rise and fall of the profit of positions opened at the red vertical line through a red graph line in a certain interval of time starting from the time of opening the positions and reaching to the current time, where each point is the total profit of opened positions at this time.

Get A Chance To Be In Control With Your Charts In The Way You Like


Multi Pair Chart Indicator


The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies (the added pairs and the host pair)
The multi pair chart is an indicator which represents more than one pair symbol, it creates further correlations between the pairs through hedging. It simulates the expected relations between more than one symbol to be more useful and to facilitate the trading process.






ForexGen offers you the chance of a life time


Dash Board for all indicators
Dashboard for all is an assisting tool that includes 27 currency pairs, it allows traders to see the CIF values for the selected currencies on one chart. It represents the buy/sell signal by a percentage of different strengths (short, long, and middle). The dashboard for all calculations for each currency pair depends on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame. Dash board for all indicators includes a history mode parameter which allows the trader to get the dash board indication for a historical point for many currencies at any time frame.
Indicator features:
- Showing more than one currency pair on the same chart sorted by spread ascending.
- Showing currency pairs having the same spread with the same color.
- Showing average, short, middle and long term CIF values beside CIF values for all pairs.
- The ability to select the needed currency pairs to be shown.
- The ability to select directly all currency pairs to be shown.
- ForexGen support the following symbols.
- The ability to store current CIF values in a text file for the selected currency pairs.
- The ability to store history CIF values in a text file for the selected currency pairs.
- The ability to show or hide all currency pairs (hide them while storing in file).
- The ability to use currency pairs correlation and weights functions.
The following screen is to select the desired pairs to represent their CIF values on the current chart.
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Strategies Board
Strategies board is an assisting tool that produces buy and sell signals based on many sophisticated trading strategies that anticipates the markets and predicts the trend and breakouts.The generated signals are the average signals among all the used strategies over a specific time frame. The signals is divided into different strengths in the short, middle, long periods.
Indicator features:
- History mode feature that allows the traders to get the strategy board indications for a historical point of time.
- The ability to show or hide all strategies.
- The ability to select the included strategies in strategy board calculations.
- Assigning weights for each used strategy.
The following screen is to select the desired pairs to represent their SIF values on the current chart.

Forex School | ForexGen Academy



Forex School Available In 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.


Step 1: "Practice makes perfect"Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.


Step 2: "Study, Study, Study".Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.


Step 3: Manage your money wisely.You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade: 1) How much am I willing to risk?2) What is my upside and downside potential?3) What are the market conditions? (Is the market volatile or calm?)4) What is the logic behind entering this trade?5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong? Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.


Step 4: Open a Live Account.If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account. We hope you enjoy trading with us and wish you the best of luck!

Trading Agreement with ForexGen




ForexGen LTD Advanced trading tools are at the client’s reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.


ForexGen LTD at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LTD, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LTD has set.
Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LTD if Customer is required to file any reports on positions.


ForexGen LTD preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties.
This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.
ForexGen LTD Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:
- Illegal pip hunting.- Illegal scalping.- Multi IP login at the same time.- Suspicious hedging of the same currency.- Harmful strategies.- Expert Advisor that are not approved by ForexGen.- Security threatening activities.- Any other hostile activities that threatens ForexGen LTD, its customers, business partners and counter parties.
ForexGen LTD risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension.
ForexGen LTD has the sole right to cover its losses caused by the over mentioned activities prior to the suspension

Customer Agreement with ForexGen





ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient.




Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers.




ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.



ForexGen LTD is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren’t checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.



ForexGen LTD is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.