Most investment companies will set you up with a free paper trading account so you can practice your trading plan for 60 to 90 days before you begin actual trading. It is much better to lose money on paper that it is suffer a real loss to your own pocketbook. Once you have proven your trading plan you can open up a margin account and begin actual trading.
FOREX is often traded without commissions (the profits are in the spread), making it an attractive investment opportunity for those who want to trade on a more frequent basis.
As you can see, the risks or disadvantages perceived in other markets actually become the profits and advantages of the FOREX market. As always, with any investment, one should proceed with caution, having an established trading plan and risking only money that they can afford to lose.
[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.
PAPER TRADING
Tuesday, January 6, 2009Achieving Trading Perfection
Monday, January 5, 2009
Trade quality, not quantity.
Take the best of the best.
Get the big picture. If you haven’t previously come across such advice, or if you have and are not following it, it is time that you take these words to heart. But how?
Trade selection and adequate planning go hand in hand. This is where most would-be professional traders miss the boat.
Much more money is made as a result of proper planning than from sitting and trading everything that comes along or "looks" good.
It’s difficult to fully understand why people think they have to trade so much. It’s difficult to truly grasp why people think that they have to take as many trades as they do.
Just the opposite is true. There is a correct approach to each and every trade. That is what achieving perfection is all about.
It all starts with proper management: planning, organizing, delegating, directing, and controlling.
These facets of management must be woven together into your trading; they do overlap.
Although planning is the major management function involved in achieving perfection, you can’t possibly plan well unless you are organized to do so.
You must have your tools at hand: your trading software, your data, the proper equipment. All of the rudiments for planning must be in place, which in itself is a part of organizing.
You must be physically fit when you plan: well nourished, properly exercised, well rested and mentally alert - all part of having your life organized, all part of achieving perfection as a trader.
[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.
ForexGen Corporate Managed Accounts
Sunday, July 6, 2008
Many investors find it hard to cope with the currency markets. Trading is a science and needs a lot of education, experience and discipline. To be successful a currency trader must follow market movements 24 hours a day, six days a week. Many Forex investors do not have the time, experience or desire to trade with this intensity themselves.
Forex Managed Accounts were created for investors with risk capital who do not necessarily want to trade on their own. In a Forex Managed Account the positions belong to your portfolio alone. Unlike mutual funds or hedge funds which commingle your funds with other investors, a Forex Managed Account is in your name and all or part of your funds can be redeemed within one day. There is no lock up period.
The managed account only holds your positions and allows you to follow a cost-basis for each of the currencies in your account. Based on your long-term goals, risk tolerance and time horizon; you can select a ForexGen currency professional with your trading outlook to actively manage your portfolio. Whether you’re interested in a conservative or aggressive program, you will find the trader who will suit your risk parameters.
