The Ultimate Trader Champion

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ForexGen has the pleasure to announce the launching of the ultimate trader champion on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on contest@forexgen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it including the following information:

• Full name
• Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your ForexGen demo account login information which will be used in the trading contest.

This Forex contest for the current month will starts on Sunday 20-12-2009 at 10 pm GMT and ends on Thursday 31-12-2009 at 10 pm GMT.

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

ForexGen is Giving You Cash This Christmas

There aren’t many Forex promotions like this one, but then again there aren’t many Forex Brokers like this one.

Get a 25% cash back straight into your trading account, on any deposit you make up to $100,000, during the month of December OR get free rebates also during the month of December and next 3 months that you will get $ 1 for each closed mini lot and $ 10 for each closed standard lot.

ForexGen knows what traders are looking for, Simplicity, Security and Safety. That’s why the majority of our traders use our services again and again.

• We offer 24/7 hour support and a personal account manager to all of our traders.
• We offer training and education resources.
• We send our traders daily Market Reviews by email each day.
• We send the latest trading signals by email.
• And we don’t charge fees or commission.
• Free hedging activities.
• Free Signals, Charts and news.
  

Register with ForexGen to start trading Forex and we’ll look after the rest.

For more information about Christmas at ForexGen email us at Operations@forexgen.com

Forex Definition - A brief Overview

The Forex, and also known as "The Foreign Exchange" market exists wherever one currency is traded for another. It's the largest financial market in the world. Simply if we compare the New York Stock Exchange trades vs changing hands in forex, we will discover Forex market is a lot of times larger than both Equity and Treasury markets combined.

Forex or "Foreign Exchange" is where the money of one nation is traded with another. The most important and popular pairs of exchange in the forex market are "Euro Dollar", and you will see this pairs in all forex display screens as "EUR/USD". There are also a lot of others pairs but sure not important and not famous as "EUR/USD" pairs, like:-

1-The British Pound, and you will see this pairs in all forex display screens as "GBP/USD".

2- The Japanese Yen, and you will see this pairs in all forex display screens as "USD/JPY".

3- The Swiss Franc, and you will see this pairs in all forex display screens as "USD/CHF".

However there is a problem in the forex market until this day, there is no one central exchange where everyone can exchange the currency. All the currency traded are done over the telephone and online through a very big networks that connects all the banks, brokers and currency traders with each others.

Currency trading in the past was just for the banks, but today and after the new revolution electronic economy, online forex trading companies start to offer a lot of services to all traders around the world. Today if anyone have a computer and internet connection can easily start to trade currencies, but sure the experience and analysis is very important to success in forex game.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
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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.

Forex Trading Strategy - A Simple, Very profitable One Anyone can Use

Here we are going to look at a forex trading strategy anyone can learn in a few times and can apply for big profits. It's simple and logical and you can learn it in a few days and then be making profits with it - Lets take a look at it.

The first point I am going to make before I cover this forex trading strategy is simple and simple forex trading strategies are better than complicated ones, as they are more robust with fewer elements to break.

This is a simple forex trading system that trades valid breakouts.
What is a breakout?

Quite simply it's a level of support or resistance that is broken and the price makes a new low or high. If you look at any chart you will see that most of the big trends start from breakouts.

Valid Breakouts
You don't want to just trade any breakout you want to trade ones that are considered valid i.e they have been tested a few times and have held. The more tests that have occurred the better (you want a minimum of 3) and these should be in at least two time periods a few weeks apart.
Understand This:

Most traders hate buying breakouts because they think their not getting in at a good price. They want the price to come back so they can buy the pullback - but valid breakouts don't pull back, they accelerate away from the breakout point and the trader who waits never gets in.

If you grit your teeth and buy a breakout, you may appear to miss a bit of the move but that's ok, as there is normally plenty more to come.

Confirming the Move.

Not every breakout accelerates away and many quickly turn back so you need to be careful to confirm each and every move. What you need to do is, see if momentum is picking up as the breakout occurs i.e. you are looking for momentum to support the break. This is easy to do.

All you need to do is look and use some momentum oscillators and two of the best are the stochastic and Relative Strength Index (RSI).

We don't have time to discuss them fully here, simply check our other articles. These are visual indicators all you need to do is look at the set ups and if they confirm momentum is on your side then you can execute your trading signal.

Your stop?

Very simple - you place it behind the breakout point.

Breakout trading is simple to understand and is based on timeless logic and works.

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Online Forex Trading - Beginners Guide

When it comes to forex trading, understanding the terminology and the forex trading strategies before you begin is vital. There are many web based companies that provide online forex trading tutorials that revolve around real time forex trading. Using a forex tutorial will give you the beginner knowledge you need to take part in trading forex.

After you have completed your forex tutorial there are some basic forex trading tips that all beginners will find useful. The most important thing to remember when trading forex and the most important forex trading strategy is to remember to always place stop loss orders. Using this strategy in your online forex trading will help to prevent and limit your losses.

The next important step for online forex trading is to take profit orders at the same time as placing your stop loss orders. This is done by using the OCO order function that is available with most online forex trading systems. Take profit orders work on the same basis as the stop loss orders and help to eliminate the risk of locking into a profit too early.

Another beginner’s tip is to use a positive risk/reward ratio. This means that you should choose the amount you are willing to make on your forex trade beforehand and it should be more than or equal to the amount that you are willing to loose. This tip is essential if you want to be successful in your forex trading.

It is important for any forex trading beginner to note that successful online forex trading takes patience and is a long term investment. It takes controlled forex trading along with discipline and patience to make your forex trading profitable. Continued research and forex tutorials and guides will help you to learn more and remember as with all successful ventures; knowledge equals power.

[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

Forex Charts - Using The ADX Indicator For Bigger Profits

If you're using charts, then you want to trade the strong trends - and the Average Directional Movement Index Indicator, or ADX, enables you to do this.

Wells Wilder developed the ADX, and outlined it in his classic book “New Concepts in Technical Trading Systems”.

Let’s look at this essential indicator in more detail - and see how to apply it on your forex charts, to give you greater accuracy when generating your trading signals.

Determining the Strength of the Trend

The ADX is a momentum indicator, which aims to measure the strength of the trend - and attempts to determine if the market is trending, or is trading sideways.

The Advantages of the ADX

A core belief of technical analysis is that a strong trend in motion is more likely to continue, than reverse. Therefore, you always want to be trading strong trends - as your odds of success are higher. The Average Directional Movement is a good indictor – and you should consider using it as part of your currency trading system.

The Technical Bit

For the boffin’s out there, here’s the technical bit – don’t worry if you don’t understand the calculation, its easy to use when visually plotted. The ADX is based on the comparison of two other directional indicators, both of which were also developed by Wilder, and they are:

Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI) to produce ADX as showed in the following formula:

ADX = SUM[(+DI-(-DI))/(+DI+(-DI)), N]/N

Where:

N: Refers to the period of calculation. The formula above produces the ADX line, which oscillates between 0 to 100 values. The +DI and -DI are both present and can be seen to make up the indicator.

You don’t need to understand the above calculation to use the indicator – you only need to accept that the indicator works.

The indicator is easy to use when it’s visually plotted - and you’ll find it included, with most of the good forex chart services.

How to Trade using the ADX Indicator
The ADX it’s not a bullish, bearish trading signal generator - and should never be used as such.

The ADX indicator simply indicates the strength of the trend - and other indicators should be used to enter, and exit trades.

Although the ADX fluctuates from 0 to 100, it rarely moves above 60.

Use the ADX in the following way:

Readings above 40 indicate the strength of the trend.

Readings below 20 indicate range trading and flat periods of consolidation.

You can use the crossing of +DI and -DI to determine the trend direction; when +DI crosses -DI upward, it’s a bullish signal, on the other hand, when +DI crosses -DI downward it’s a bearish signal.

The ADX line is a great momentum indicator and like the RSI (also developed by Wells Wilder), the ADX it will help you trade the strongest trends - and give you advance warning of changes in momentum.

The Bottom Line

If you want currency trading success, you can’t just trade support and resistance levels, and hope they hold or break. You need confirmation of momentum to get the odds on your side - and the ADX indicator will assist you.
Final Words

New Concepts in Technical Trading Systems was published in 1978, and was one of the first trading books I ever bought. Every trader should make this book a part of his or her forex education. If you want to learn forex trading the right way, get the book, and use the ADX indicator to increase your chances of making big FX Profits.

[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.

Global Futures Time Premium Index

The Global Futures Time Premium Index is a sentiment indicator. The spread between the S&P 500 cash index and the S&P futures contracts (premium) shows high readings near market tops and low readings near market bottoms. The bold red lines on the chart below show you the futures contracts with the highest and lowest premiums of the last years on a 5-day moving average for comparison (6 months until expiration).

If the index (premium of the nearby S&P 500 futures contract on a 5-day moving average) moves close to the upper line or above, bullish sentiment is prevailing which is a bearish indicator. The reverse is true if the index moves near or below the lower line; it shows extreme pessimism by futures traders and indicates bottoms.

[ForexGen Demo Accounts Contest]

Win Cash Prizes

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

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

- Full name:
- Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

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