How To Make Profits With Forex Currency Trading

Forex currency trading is fast finding an increasing number of takers these days. The field is in fact growing at a rapid pace. Gone are days when only financial institutions, multinational corporations and governments were the only entities that could trade in international currencies. With the advent of the internet there are an increasing number of individuals who are taking up forex trading as a full time career these days. The internet has made the entire trading process quite simple. It has also made learning about forex trading easier for those who are just about starting out in this field.

These days you can find numerous online sources which can equip you with the necessary knowledge in forex currency trading. Since there are many specific terms and processes that are involved in forex trading, anyone who wishes to be a successful trader needs to get acquainted with them. Proper training therefore is something that is necessary for anyone looking for success in this lucrative field. This is where the internet, with its numerous online forex trading tutorials can be of immense help. There are also many online seminars on the topic that you could attend in order to gain an insight into this lucrative field.

One of the biggest reasons why online training programs are much sought after is because they offer flexible timings for learning. This way even working professionals can attend online forex trading training programs these days. No longer do they need to worry about having to attend regular classroom sessions. With online tutorials it is the student who decides the pace of learning. There are various types of training programs that you can find on offer at these online sources. While some of them may offer you basic programs on forex trading, there are many which offer detailed training programs. Many of the online sources which offer just the basic training often do so free of cost.

The forex currency trading market is the largest market in the world. It is also a market which literally never stops working, except for weekends. This being the case it is also among the most lucrative markets to make money too, that is available. Another good way to get trained in this field would be to talk to experienced traders. They would be able to offer you valuable advice. You must also remember that although there are several sources of information that you can find on forex currency trading, success in this field is ultimately dependent on your own skills.

[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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

More About The Forex Market & How It Works

Forex or foreign exchange market is the largest of all the financial markets that now exist in the world. A large number of multinational corporations, banks, central banks, currency speculators and other financial markets are involved in this sale of international currencies. These participants cannot directly involve in the sale of currencies. They can participate in the trade only through brokers or banks functioning in this wing of international trade.

When compared to other market, forex market possesses some unique features. It include its extreme liquidity, size, geographical dispersion, long trading hours and the variety of factors that influence the exchange rate of the currencies involved in the trade.

This international currency trading platform is utilized by the institutions like companies, fund mangers and banks to purchase and sell out international currencies. Capital flows that arise from deal in goods and services and cross border investments are the main motivating factors behind international currency trade. The sums involved in this trade will normally be very huge and most of the time a single deal in forex market will come between 3 million to 10 million US dollars.

There will be three types of participants in forex market; customers, bank and brokers. Commercial banks are the most active participants in the forex market. A large bank may trade millions of dollars a day on behalf of its customers. They are also involved in large amounts speculative trade every day by dominating the market. Until recently, a large volume of speculative trade was handled by the brokers who work in this field. With the introduction of electronic forex trading systems, much of the business has moved to these devices that work twenty four hours a day without break.

[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.

Developing Your Own Successful Forex Trading Strategy

The currency market is a great place for investors to put their money to make good profits. This market is free of any external control and can be worked round the clock. Currency trading systems are trading platforms that can be totally automated. A currency trading platform is the best tool you can use to develop your own successful forex trading strategy that will maximize profit.

A trading system can help people who are new to trading and can also help those who have been trading a long time. Trading software can be bought from the internet and you can install it on your computer. All you really need is a high speed internet connection to run these programs.

There are many companies which offer you virtual training programs. In case you are a new-comer and don't want to lose money to start, you can use the virtual training programs or demo accounts. In these programs, you virtually trade in currencies while getting practice. This training provides a practical experience.

After this you can move ahead with the real-time trading. Thus my first advice to you is to open a demo account and understand the fundamentals involved in forex trading. Forex trading also offers the opening a mini account where you can begin by investing as little as $50 or $100. With such little money at stake, you can apply all your knowledge and see how it actually works. Once you are confident, you can open a regular account and start currency trading with larger numbers.

On the internet there are many forex service providers. You must conduct proper research about the providers and the systems that they offer. They should be very clear about their privacy statements and terms and condition policies.

Some of the features of a proper trading system can be the following. Is the trading be done automatically? There should be proper charts available to you based on historic and current fundamental and technical analysis. Current news and a updated database should be an integral part of your system. Ensure that you can contact the people behind the system if any problems arise. Most importantly, cushions should be provided to cover your risks.

When you use trading robots or software, you don't have to trade yourself and hence don't have to be involved every minute of the day. The chances of any error that can be conducted by humans is dropped to almost zero. The possibility of missing the trades due to your unavailability is reduced. You don't have to wait for sideways or non-trending markets.

There are many options and application in a forex platform. The forex platform can display real time executable quotes, real time charts, streaming news, live market commentary, one click dealing, trailing stop orders, remote access, upgrades, and much more. It is an excellent way to keep all of your forex trading information is one spot. It can also track your history and find what moves were successful and which ones were unsuccessful.

Lowest Spreads ( ForexGen )

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

[ForexGen Adcademy]

Get your Forex education
through ForexGen Academy
and acquire the chance
to master your trading skills.

Mulyi Terminal

[ForexGen] released it's new
platform that's designed to
manage multiple accounts to
be used by Money Managers
and Introducing Brokers.

Knowing the Ins and Outs of Chandelier Exit

The Chandelier Exit, which has a trailing stop from either the highest high of the trade or the highest close of the trade, is best measured in units of Average True Range (ATR). One of the many factors leading to use ATR for measuring the distance from the high to our stop is that, it is pertinent across markets and is adaptive to changes in unpredictability.

The essence of this calculative measure is that, even on expansion and contraction of trading ranges, our stop will automatically adjust and move to the apt level, thereby, constantly staying in tune with changing market conditions. Chandelier Exit is one of the most tried exit methodology used across a varied portfolio of futures markets to generate profitable test results.

It is imperative that the changes in unpredictability can curtail or stretch the distance to the actual stop, since the highs used to hang the Chandelier move only upward. However, in order to witness less fluctuation in the stop distance, you can use a longer moving average to calculate Average True Range. In other ways, shorter moving average is required, in case you want the stop placement to be more adaptive to fluctuating market conditions.

When short averages for the ATR is used; brief periods of small ranges can bring the stops too close, abnormally resulting in premature exit. To avoid this, you can have a short and highly adaptive ATR while calculating a short average and a longer average and using the average that produces the widest stop.

Although Chandelier Exit differs from Channel Exit (which trails a stop based on previous 'low' points), the combination of both, where the trade is initialized by the trailing Channel Exit and then adding the Chandelier Exit, after the price has moved away from the entrance point, will help in making the open trade lucrative. Here the Channel Exit is fastened at a low point and does not move up as new profits are accomplished. At the same time, it is necessary to have the Chandelier Exit at the right position so that the exits are never too far away from the high point of the trade.

The fundamentals behind combining the exit techniques, Channel and Chandelier exit is that, while Channel Exit as a suitable stop that very steadily rises at the commencement of the trade, switching over to Chandelier Exit is necessary to ensure better exit that protects more of our profit. This feature makes Chandelier Exit one of the most sought after rational exits from the profitable trades.

[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.

For full Information and online application, [please click here]

Timing is Everything With Forex Trading

Unlike many types of trading and futures, foreign exchange trading is not designed to make the client rich quickly. Many people are frightened off by the word that Forex trading is a get rich quick scheme that in large part, doesn't work. This is a financial myth despite all the hype surrounding the foreign exchange trading system. There are steps and gains to be taken in order to secure a future in successful trading. Expect to dedicate a large portion of time to researching and understanding the market in general before setting out with your pocket book ready to invest. Learn all you can about the Forex market in the beginning in order to make the Forex trading path a smooth and triumphant one.

There is no doubt that there are numerous types of orders that can be utilized in order to open and close trades and becoming familiar with them is a must. In the foreign exchange trading business there are charts, graphs and other visuals to help you effectively analyze trends in currency trading. These charts and graphs will assist in making well-informed decisions on what currency to sell. Timing is everything and it goes without saying that when experiencing with the Forex trading system, knowing when to trade can be the pivotal difference between success and failure. Understanding the analysis tools and how to use them efficiently will put any investor on the right track.

As well as proficient trading tools, it is an absolute necessity when using the foreign exchange trading system to understand how to use the software to perform actual trades. The only way to become comfortable with using Forex trading software is to use it and learn how to plot a course through the process. Selecting a good trader is the most imperative tip at this stage because an established trader can help you with the services required as well as giving you in depth tutorials using the foreign exchange trading system.

The most critical tool that will be utilized in the Forex trading system is patience and discipline. As mentioned earlier, foreign exchange trading is not a get rich quick proposal so learning patience and discipline can help you to become profitable in a timely fashion without losing money. Most brokers offer a demo account that can be used to practice and learn the foreign exchange trading system that mimics the real account with the exception of real money being traded. This gives a client insight into the market and its behaviors before actual money is invested. Learn how to make a profit using paper trading on a regular basis before risking your capital with Forex trading.

[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.

Europe, Asia Markets Advance in Thin Holiday Trade

Europe, Asia stock markets advance in thin holiday trade; oil gains amid Israeli offensive

European stock markets closed higher after thin holiday trade Monday, although falls on Wall Street limited gains from commodity stocks. Asian stocks rose moderately.
In Europe, Britain's FTSE 100 gained 2.44 percent, or 102.76 points, to 4,319.35. Germany's DAX closed up 1.63 percent, or 75.48, at 4,704.86 and France's CAC 40 closed 0.47 percent higher, or 14.51, at 3,130.71.
In U.S. midmorning trading, the Dow Jones industrial average fell 86.10, or 1.01 percent, to 8,429.45.

Broader indexes also fell. The Standard & Poor's 500 index fell 10.60, or 1.21 percent, to 862.20; the Nasdaq composite index fell 27.53, or 1.80 percent, to 1,502.71.
Investors, unwilling to make major moves during the holiday-shortened week, also digested a potential blow to dealmaking on Wall Street. On Sunday, Kuwait's government canceled its $17.4 billion K-Dow Petrochemicals joint venture with Dow Chemical Co., saying it was "very risky" because of the global financial crisis and low oil prices. The joint venture was set to begin Thursday.
Shares in European energy companies gave the market some support, advancing as oil prices rose above $40 a barrel on concerns about supply disruptions in the Middle East amid conflict between Israel and Gaza's Hamas rulers. Light, sweet crude was up 37 cents at $38.08 a barrel on the New York Mercantile Exchange.

Oil majors gained, with Britain's BP PLC 3.68 percent higher at 514.25 pence ($7.87) and France's Total SA up 0.11 percent at euro38.08 ($53.36). Royal Dutch Shell fell back after morning gains to close down 1.06 percent at euro18.15.
The advance in oil was welcome for some investors who have worried that plunging prices signaled a long and severe recession. Oil has fallen more than $100 per barrell from its peak of $147.27 a barrel on July 11 as a slowing economy curbed demand.
With many investors away for the holiday and their books already closed for the year, trade in most markets was quiet and marked by low volumes. The recent rash of government stimulus measures helped underpin sentiment despite worries that the first half of next year would see the global economy and company profits erode further.

"It will be very quiet for the next few days," said Andy Ash, a strategist at Monument Securities in London.
Investors are warily expecting a bounce at the beginning of the year, he said: "A cautious bounce with everybody desperately hoping that some of the economic figures will turn better."
This week investors will have their eye on how retailers are faring after the weak Christmas selling season. Despite steep discounts, many consumers remain nervous about the economy and their jobs, making them reluctant to spend.
Investors are also waiting for details of U.S. President-elect Barack Obama's proposed stimulus package for the economy following his Jan. 20 inauguration.

In Asia, markets closed modestly higher. In Tokyo, the Nikkei 225 stock average edged higher by 7.65 points, or a bare 0.1 percent, to close at 8,747.17, while Hong Kong's Hang Seng Index added 1 percent to 14,328.48.
The U.S. dollar was lower against other major currencies. The 15-nation euro rose to $1.4238 in morning trading in New York from $1.4067 late Friday.
The British pound, meanwhile, dipped to $1.4578 from $1.4677 late Friday as it circled parity, or a one-to-one exchange rate, with the euro. The pound hit its most recent record low of euro1.0198 in morning trading Monday.

[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:

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

Euro Forecast Roughly Unclear on Indecisive Crowd Trading

EUR/USD ratio: -1.06

Trading Forecast: Bullish

EURUSD – The ratio of long to short positions in the EURUSD stands at -1.06 as nearly 51% of traders are short. Yesterday, the ratio was at -1.08 as 52% of open positions were short.

In detail, long positions are 19.2% higher than yesterday and 17.2% stronger since last week. Short positions are 16.7% higher than yesterday and 15.7% stronger since last week.

Open interest is 17.9% stronger than yesterday and 22.1% below its monthly average. The SSI is a contrarian indicator, but nearly-neutral positioning gives us little bias through this holiday-shortened week of trade. Regardless, our SSI-based forex trading signals remain short the Euro/US Dollar via a sentiment-based trading strategy.

[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.

Margin Balances And Liquidations

When you open an online currency trading account, you’ll need to pony up cash as collateral to support the margin requirements established by your broker. That initial margin deposit becomes your opening margin balance and is the basis on which all your subsequent trades are collateralized. Unlike futures markets or margin-based equity trading, online forex brokerages do not issue margin calls (requests for more collateral to support open positions).

Instead, they establish ratios of margin balances to open positions that must be maintained at all times. Here’s an example to help you understand how required margin ratios work. Say you have an account with a leverage ratio of 100:1 (so $1 of margin in your account can control a $100 position size), but your broker requires a 100% margin ratio, meaning you need to maintain 100% of the required margin at all times. The ratio varies with account size, but a 100% margin requirement is typical for small accounts. That means to have a position size of $10,000, you’d need $100 in your account, because $10,000 divided by the leverage ratio of 100 is $100. If your account’s margin balance falls below the required ratio, your broker probably has the right to close out your positions without any notice to you. If your broker liquidates your position, that usually means your losses are locked in and your margin balance just got smaller. Be sure you completely understand your broker’s margin requirements and liquidation policies.

Requirements may differ depending on account size and whether you’re trading standard lot sizes (100,000 currency units) or mini lot sizes (10,000 currency units). Some brokers’ liquidation policies allow for all positions to be liquidated if you fall below margin requirements. Others close out the biggest losing positions or portions of losing positions until the required ratio is satisfied again. You can find the details in the fine print of the account opening contract that you sign. Always read the fine print to be sure you understand your broker’s margin and trading policies.

[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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

Euro Push Higher Ahead of U.S. Durable Goods Orders

Despite an empty economic calendar, the Euro pushed higher against the greenback to reach a high of 1.39898 during the overnight session, and may continue to push higher over the U.S. session as market participants place their bets ahead of the durable goods orders report.

Talking Points

• Japanese Yen: Pares Yesterday’s Loss to Hold at 90.25
• Pound: Holds Tight Range
• Euro: Tests 1.40
• US Dollar: Durable Goods and Personal Spending on Tap

Euro Push Higher Ahead of U.S. Durable Goods Orders

Despite an empty economic calendar, the Euro pushed higher against the greenback to reach a high of 1.39898 during the overnight session, and may continue to push higher over the U.S. session as market participants place their bets ahead of the durable goods orders report. Nonetheless, as trading volume remains thin across the market, the likelihood for a major breakout is minimal as we head into the Christmas holiday.

The Euro pared gains against the Japanese yen to hit an intraday low of 125.98, and may face increased selling pressures over the remainder of the trading session as global equity prices fall lower. Meanwhile, the single currency for Europe continued to strengthen against the British pound, with the pair reaching a high of 0.9506 overnight, and may work its way back towards the record high of 0.9555 over the following week as the interest rate outlook for the Euro remains favorable against Cable.

The lack of event risk left the British pound in a tight range throughout the European session, and continued to weaken against the dollar as the GBPUSD slipped to a low of 1.4685. The pair looks to be forming a descending triangle formation following the sharp decline in October, which favors a bearish outlook for the pair, but seems to be testing the 1.4650 level for short-term support. The GBPUSD is likely to hold its current range over the remainder of the year as investors round-trip their open positions, and is likely to face increased selling pressures next month as market participants expect the Bank of England to lower the benchmark interest rate by 50bp to 1.50% at the January 8th policy meeting.

The U.S. durable good orders report has be a major market mover for the dollar during the past, and the greenback will be on defense as economists expect demands to fall another 3.0% in November, following the 6.2% drop in the previous month. In addition, personal spending, which is one of the two biggest drivers of growth, is anticipated to fall 0.7% for the same period, which continues to reflect a dour outlook for the world’s largest economy. As private-sector spending deteriorates throughout the second half of the year, expectations for additional easing by the Fed is likely to weigh on the reserve currency going forward, but as risk sentiment remains a dominant theme across the financial market, the dollar may continue to benefit from its safe haven status as the flight to quality continues.

[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.

Dollar Rises Against Major Currencies After UK GDP Declines

The dollar rose against the pound Tuesday after a report showed the U.K. economy marching toward recession.
The dollar jumped against the British pound, which sank 1.2 cents to $1.47, but fell slightly against the 15-nation euro, which rose 0.11 cents to $1.396. The dollar also gained ¥0.54 to ¥90.77 against the Japanese yen.
The U.K. government reported that the country's gross domestic product, the sum of all U.K.-produced goods and services, contracted by 0.6% in the third quarter, revised down from 0.5%. Last quarter, the government reported zero growth.

A recession is loosely defined as two consecutive quarters of negative economic growth. "[The U.K.'s fourth quarter] could also be disappointing," said Gareth Sylvester, senior currency strategist with HiFX.
Investors are watching and waiting to see what the Bank of England will do to combat the "unprecedented" economic downturn, according to Sylvester.
One possibility: The U.K. central bank could follow the Federal Reserve in cutting its key interest rate to near zero to keep cash flowing through the economy.

"You don't want to get caught holding [pound] sterling," Sylvester said.
The GDP of the United States also declined in the third quarter. As economists had expected, according to a Briefing.com poll, the GDP contracted 0.5%.
Concerns about the world's economic outlook has spurred buying of U.S. Treasurys, which are backed by the U.S. government and considered an ultra-safe investment during times of economic trouble.

Since Treasurys are sold in dollars, investors must first purchase dollars in order to buy Treasurys.
During Tuesday trading, the prices of short-term 1-, 3-, and 6-month Treasurys, usually considered among the most defensive investments, have risen.

Lowest Spreads ( ForexGen )

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

[ForexGen Adcademy]

Get your Forex education
through ForexGen Academy
and acquire the chance
to master your trading skills.

Mulyi Terminal

[ForexGen] released it's new
platform that's designed to
manage multiple accounts to
be used by Money Managers
and Introducing Brokers.

AIG's Liddy Says Would Like to Pay Back Government in 2009: CNBC

American International Group Inc (NYSE:AIG - News) CEO Edward Liddy on Monday, defending retention bonuses, says it's the only way to keep good people, in an interview on CNBC.

* AIG's Liddy says the company's done everything in a very transparent way-CNBC

* AIG's Liddy says, if we owe the federal government money, "we want to pay it back" -- CNBC

* Liddy says "we've laid out everything for lawmakers" -- CNBC

* CEO says "we're very encouraged by the level of interest" for assets-CNBC

* CEO says wants to get substantially more than 0.5 or 0.6 of book value for life insurers-CNBC

* CEO says would like to pay back government in 2009-cnbc

* Liddy says, "it's not our intent to hide anything or to frustrate members of congress" -- CNBC

* CEO says if capital markets, credit markets were to continue to deteriorate, 'it's anyone's guess' what could happen-CNBC

[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.

For full Information and online application, [please click here]

British Pound Outlook Bearish Against Downtrodden US Dollar

GBP/USD Ratio: 1.35

Signal: Bearish


GBPUSD –Forex positioning in the British Pound/US Dollar pair has been inconsistent through recent trading, but a recent increase in GBP/USD-long positions supports the case for near-term British Pound weakness against the US Dollar.

Indeed, the ratio of long to short positions in the GBP/USD currently stands at 1.48, as nearly 60 percent of traders are currently long. Given that our Speculative Sentiment Index is most often contrarian in nature, the forex crowd’s long bias gives us reason to look for a downturn in the GBP/USD through the foreseeable future.

[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.

Making Money Using Forex

Money is made in the Forex two ways. The first way is by buying low and selling high. For example, The Euro and Swiss value is going up, so your portfolio manager it will automatically buy shares of the USD/Swiss at the predetermined price, which you setup when you create your account. At the same time the program will sell the USD/Euro while it is up, locking in profit.
The other way of making money using the Forex trading system is by collecting on the interest each central banks pay on their currency. The United State’s federal reserve determines that the current interest is 5%, while the Swiss government determines that their interest rate is 1.5%. When you trade you are earning 5% on the US currency, and spending 1.5% on the Swiss currency.

The reason that the Forex market is much less risky is the fact that you work on a percent, rather then actual money. For example: If you are dealing with a $100,000 dollar contract, then you are only required to place 1 percent, or $1,000 up. The other investors use this money as a type of insurance policy in case the deal goes bad.

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November Housing Starts And Permits At Record Low

New housing starts and permits plunged to record lows in November, as long-standing problems in the housing market continued to weigh on the U.S. economy, a Commerce Department report showed on Tuesday.

Housing starts fell 18.9 percent to a seasonally adjusted annual rate of 625,000 units from 771,000 units in October. That was much less than the 740,000 starts Wall Street analysts expected for November.

New building permits, which give a sense of future home construction, plummeted 15.6 percent to 616,000 units from 730,000 units in October. That was also much below Wall Street analyst estimates of 700,000.

The Commerce Department began keeping monthly records for building permits in 1960, and for housing starts in 1959.

Housing starts were down 47 percent in November from the rate in November 2007 and permits down 48.1 percent. Both were the largest year-to-year drops since January 1991.

"The housing starts data is another bad sign for the overall U.S. outlook. There's zero sign of any stabilization, dashing what had been some optimism that we were perhaps bottoming out," said Brian Dolan, chief currency strategist with Forex.com in Bedminster, New Jersey.

Single-family homes, which make up the bulk of new home construction, were hit hard in November. New starts fell 16.9 percent from October to a 441,000 unit rate, a record low. Permits fell 12.3 percent to 412,000 unit rate, the lowest since November 1981.

However, in the long run, the slump in new home construction could help U.S. housing market prices recover.

"The more we have less housing starts, the more we can shrink existing inventory," said Steven Goldman, market strategist at Weeden & Co. in Greenwich, Connecticut.

Yields on 30-year U.S. Treasury bonds dropped to record lows after release of the housing data and a separate Labor Department report showing U.S. consumer prices plunged at a record rate for a second straight month.

The U.S. dollar turned negative versus the euro, while U.S. equity index futures were steady at higher levels.


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Gold Prices Decline on Auto Industry Woes

Gold prices decline moderately on auto industry woes, bleak economic reports; end week higher


Gold prices declined moderately Friday as the uncertainty of a bailout for the auto industry and a batch of bleak economic reports heightened investors fears of a prolonged recession. Energy prices slumped, while agriculture futures were mixed.

Investors' concerns about the economy welled up again, sending stocks and commodities falling sharply in the early going after the Senate punted a bill to inject $14 billion into the beleaguered auto industry. But markets pulled back off of their lows after the Treasury Department said it was prepared to support the nation's top three carmakers in an effort to prevent a major bankruptcy.

Stocks managed to close moderately higher, with the Dow Jones industrial average finishing up 64 points to the 8,629 level, after being down more than 200 at the open.
"Basically we sold off early on the back of this Detroit news and we saw sort of a gradual recovery in line with a firmer stock market on hope that there will be some money coming to them after all," said Edward Meir, senior commodities analyst at MF Global in New York. "We really just tracked the equity markets all day."

The fear has been that a bankruptcy of one of the car companies would lead to a surge of layoffs, which would ravage an already battered labor market and extend the recession.
General Motors Corp. and Chrysler LLC have said they could run out of cash within weeks without government help. Ford Motor Co., which would also be eligible for aid under the bill, has said it has enough cash to make it through next year.

A handful of economic reports added to investors' uneasiness about the economy.

The Labor Department said wholesale prices sank in November for the fourth straight month, raising deflation fears.
And according to a report from the Commerce Department, retail sales fell by 1.8 percent in November. The drop marks the fifth straight monthly decline -- a period of weakness never before seen on the government's retail sales records.

Businesses also slashed inventories in October by the largest amount in five years, and more than economists had expected, the Commerce Department said.
Gold for February delivery slipped $6.10 to settle at $820.50 an ounce on the New York Mercantile Exchange. Still, gold prices were up 9 percent for the week.

March silver shed 19.5 cents to $10.23 an ounce, while March copper futures slipped 8.35 cents to $1.4285 a pound. Both silver and copper futures also finished higher for the week.
The dollar was mixed against other major currencies. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.59 percent from 2.63 percent late Thursday.

Oil prices pulled off their earlier lows on the Nymex on hopes for a resolution for the automakers. Still, prices finished lower, weighed down by the discouraging economic data. Light, sweet crude fell $1.70 to settle at $46.28 a barrel.
In other Nymex trading, gasoline futures fell less than a penny to settle at $1.0777 a gallon, and heating oil dipped 1.3 cents to settle at $1.4934 a gallon.

Grain prices were mixed on the Chicago Board of Trade.

March wheat futures rose 5.5 cents to $5.13 a bushel, while corn for March delivery rose 22 cents to $3.7350 a bushel.
March soybeans slipped 4.25 cents to $8.5625 a bushel.

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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.