- Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account activation.
- Scandinavian quality with Swiss precision, funds secured and local agents in 20+ countries..
- ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.
- Low capital start , with $250 in minimum account size.
- Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
- ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
Thursday, June 19, 2008
Why participate in the Forex Market
Segregated Accounts With ForexGen
Businesses and municipalities can place certain segregated client funds in an interest-bearing account.
ForexGen's Segregated Deposit Account gives you convenience and efficiency in managing client funds that cannot be commingled. This service is appropriate if you are a brokerage firm, financial company, money management firm, investing or insurance broker or intermediary that holds segregated funds on behalf of clients.Our robust solution enables you to gain access to multiple segregated accounts with one access. You can easily divide earned interest among the participating parties.
For more informations press here »»»Trade for a Living with ForexGen
So you Want To Trade for a Living
I always enjoy Brett's books on trading psychology. While impressed by his ongoing sharing about this important subject, I emailed him recently to request an article for aspiring traders who want to trade for a living. This is not an easy feat, but it is not mission impossible. Trading the financial markets is basically trading your belief on the financial markets. It takes a disciplined mindset, proper money management and a good trading system to trade profitably. Most workshops teach you the technical skills, but rarely touch deeply on the subject of trading psychology. Therefore, I recommend you to read "Enhancing Trader Performance" by Brett N. Steenbarger to develope cutting edge of trading psychology. Below is an article he approved to publish at FX Operator:
I receive quite a few emails from aspiring full-time traders. Some hope to land positions with trading firms; others are looking to make a living by trading independently. Here are a few considerations for those thinking of making the leap:
Make sure you're adequately capitalized - This is, in my experience, the achilles heel of most traders who aspire to make a career of their market participation. If you start with a capital base under $100,000, you have to make a huge annual return on your money year after year to sustain a decent living. That leads traders with small accounts to take outsized risks, and those risks are what eventually blow them up. As a relatively new trader, you'd do *very* well to make 20% on your money per year after costs. If you can't make an adequate living from 20% returns, you know you're undercapitalized
read more….
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.
For more information >>>>24hrOnline Forex Trading With ForexGen
With a volume of $3 trillion traded each day, the foreign exchange market is the largest financial market in the world. While Forex trading was once the exclusive domain of banks and large financial institutions, the rise of Internet technology has made it accessible to all types of investors including individuals with small investment capital.
As word of its substantial and quick potential profits is spreading, online forex trading is becoming more popular each day. Through online currency brokers such as ForexGen, traders can now buy and sell currencies in one mouse click and with no commissions or fees. Online forex trading allows you to take advantage of market fluctuations – even small – in various currency rates. At ForexGen, you get free access to topnotch tools which will help you predict market direction and place your orders.
for more information ……….Forex Basics With ForexGen
To start getting income from foreign exchange market (Forex), you don't need to have any financial experience. You just need to find your way in the multitude of possibilities offered for those looking for profit from national currencies rate variations. And ForexGen provides all beginners with an Academy of professional experts in forex. The point of classic Forex trade, meant to get a quick income, is simple (which hardly differs from other markets): you have to sell on higher price what you've bought on lower price.
But to get a grip on currency rates, you need more than simple mathematics. First thing, you have to learn all definitions: Besides the correct meaning of terms "currency" and "rate", you need to know what "quotation" means, along with "currency pair" (which consists of base and counter currencies). You need to know what are "point", "spread", "trend", "position" etc. Every action on Forex market is preceded by an analysis. Depending on its functions, the analysis can be fundamental (when the economic dynamics of a country are being studied thoroughly, along with prognoses on its changes), or technical (when we apply a mathematic approach to the graphs of currency rate fluctuations).
The trade on Forex market goes on twenty-four hours a day. Saturday and Sunday are traditionally considered days of rest. The same as for all the other markets, work on Forex market uses a certain set of strategies, methods and techniques. There are rules you have to try and follow, and there are things you shouldn't do. Every market session (Asian, European and American) has its own law and established traditions, which you also have to learn about.
And finally, for the trade on Forex market you need to use certain tools (software, papers etc.) without handling which the theoretical knowledge will be useless.
for more information ……….Different Types of Forex Orders with ForexGen
A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each type of order is necessary to be a successful FOREX trader. Market Order – is an order to buy or sell at the current market price. They can be used to enter or exit a trade. |
Market orders should be used with care because in fast-moving markets there may be a difference between the price seen at the time a market order is given and the actual price of the transaction. This is due to slippage – the amount the market moves in the few seconds between giving an order and having it executed. Slippage could result in a loss or gain of several pips.
Limit Order – is an order to buy or sell at a certain limit. They can be used to buy currency below the market price or sell currency above the market price. When buying, your order is executed when the market falls to your limit order price. When selling, your order is executed when the market rises to your limit order price. There is no slippage with limit orders.
Stop Order – is an order to buy above the market or to sell below the market. They are most commonly used as stop-loss orders to limit losses if the market moves contrary to what the trader expected. A stop-loss order will sell the currency if the market falls below the point set by the trader.
One Cancels the Other (OCO) – this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.
for more information ……….New to Forex Markets?
Forex is definitely one of the most exciting and profitable markets. If you want to join the elite and start investing you need to follow 5 very simple steps that will eventually lead yo to succes:
Self Study:
In order to start investing you need to study and observe the Forex market carefully so that you can make the right decisions when the time comes.
You can study the fundamental analysis to monitor the political and economic news' effect on FX market.
Also the study of technical analysis is useful as it predicts the price movement based on past experience.
ForexGen offers a Training section developed specially for new traders .
Types of Trading Analysis