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US Non-Farm Payroll

2009-01-11T18:38:00.000-08:00

Again we are back to the optimism, markets along with analysts believe that a recovery will be seen later this year, believing that the fourth quarter contraction will be the worst to come as the ongoing support and interventions from governments might cushion economies from

more destruction.

Indices boosted by the slender optimism which diffused in markets yesterday, the S&P 500 inclined 0.34% or 3.08 points reaching 909.73 levels, NASDAQ composite inclined 1.12% or 17.95 points reaching 1617.01 levels, yet Dow Jones Industrial average lost 0.31% or 27.24 points reaching 8742.46 levels.

But all this optimism might be wiped out later on today as markets are waiting for the majors market mover which is the US Non-Farm Payroll, expectations clears out that more job termination took place in December due to the weakening global demand and the intensified Credit Crisis.

It’s been a whole year of termination; all sectors of the economy along with the financial institutions that were obligated to file for bankruptcy had resulted in escalating the unemployment rates in the United States. But it did not really stop at the financial sector in December two of the largest US car manufacturers were on the brink of officially admitting that they have no money to keep functioning, which made them terminate a portion of workers just to ease down their expenses.

General Motors and Chrysler faced a harsh month in December, which obligated them to run for the congress in order to ask them for a bailout to keep them going, yet the bailout was stamped with disapproval by the senates saying that they can’t keep on bailing out all the huge companies in the States.

Markets got struck with the disapproval where the Bush administration had to move fast just to prevent a second fallout after Lehman Brothers that slipped all the confidence out from the markets leaving the stocks markets with huge losses. Bush agreed to give them a total of 17.8 billion dollars yet on one condition that before 31st of March 2009 the two companies must be ready with a restructuring plan, or they have to give back the money.

Due to the stunning harsh times the economy lived in expectations of the non-farm payroll varies, the range falls between lowest -750 terminated job to the highest -350 thousand job; pessimist analysts believe that the weakness seen in the past month managed to create more job terminations yet the optimist say that the worse is almost over.

Paulson the US treasury secretary was considered the most powerful official where he tried his best in salvaging the economy with the 700 billion dollars plan; he prevented some fallout by purchasing preferred stocks in various financial institutions reaching to more than 170 companies, in addition to bailing out the largest banks such as Citigroup, yet he did not really achieve in restoring backing the long lost confidence which made most indices across the world to close the prior years trading with more than 40% of losses.

With the fear taking place in markets, future indices fell 15 points reaching 8681 levels, along with the S&P 500 falling 0.70 point reaching 906.00 levels and NASDAQ fell 1.00 points reaching 1248.50. Also the hesitation was seen in the Asian markets, the Japanese Nikkei Index lost 0.45% or 39.62 point reaching 8836.80 levels and Hang Seng index lost 0.63% or 91.85 points reaching 14323.34 levels.

But before we see the Non Farm Payroll reading markets will see some other fundamentals from the European Continent which will continue to clear out that economies are still struggling with the falling demand levels in addition to the rapid fall in inflationary pressures.

We will start with the Royal Producer Prices, the input prices eased to 3.0% in December from the previous 7.5%, the monthly input climbed slightly to -2.0% from the previous -3.3%, the output prices fell 0.6% on the month easing to 4.0% on the year, also the core PPI reading fell 0.2% on the month with the yearly core output easing down to 4.7% from the previous 5.1%.

The fall in commodity prices and the dropping demand pressured prices to fall down, where crude prices fell from the all time high which was recorded last year to close at $42.00 per barrel, easing down the elevated energy bills which was seen earlier in the prior year.

Its not just prices or inflation, the housing sector in the United Kingdom is still under huge pressures, where now the Central bank must start considering a new intervention just to buy some homes in order to salvage the left over from the falling financial sector.

The situation remains gloomy and the economies no longer can survive this harsh downfall in demand levels which are threatening them with a bigger demon which is known by deflation, based on those fears central banks are heading now toward a zero interest rates policy in order to revive back their economies.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

US Dollar Surges Despite Spike in Unemployment - Is Risk Aversion Back?

2009-01-11T18:27:00.000-08:00

US non-farm payrolls fell by a whopping 524,000 in December, which was broadly in line with expectations, and brought the cumulative amount of job losses in 2008 to 2.589 million, the most since 1945. Meanwhile, the unemployment rate rose more than expected to a 16-year high of 7.2 percent from 6.8 percent. The data only confirms the already bleak outlooks for growth going forward, as the minutes from the Federal Open Market Committee's last meeting showed that some members saw the potential for a "prolonged contraction."

Looking at historical data from the National Bureau of Economic Research (NBER) and the Bureau of Labor Statistics (BLS), between 1945 and 1990 the peak in unemployment generally coincided with an end to recessions. However, since 1990 the unemployment rate has extended higher long after recessions ended, as was the case in the contractions experienced during 1990-1991 and 2001. This suggests that until we see the end of this economic slowdown in the US, we cannot even begin to judge where the unemployment rate will peak, but it doesn't look good given the rapid increase in job losses over the past year.

So why did the US dollar rally in response? As it stands, most of the major currency pairs are trading within massive ranges, but major support levels for the US dollar have helped to stabilize its decline. For EUR/USD, falling trendline resistance prevented the pair from rising higher, while yesterday's highs weighed on GBP/USD. From a fundamental perspective, it is necessary to consider the fact that interest rates in the US can't really go any lower since the Federal Reserve has already cut the fed funds target to a record low range of 0.0 percent - 0.25 percent, and it is that interest rate dynamic (or lack of it), that is allowing the greenback to brush off this abysmal data.

Furthermore, other trends witnessed today, including the __ percent drop in the Dow Jones Industrial Average and surge in the Japanese yen, suggest that risk aversion is lingering in the financial markets. In reality, all it will take is some negative piece of news to shake investor confidence to lead equities to plunge and send the US dollar and Japanese yen spiraling higher.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Paulson Updates on Government Efforts

2009-01-11T18:23:00.000-08:00

In an interview today, Treasury Secretary Henry Paulson gave a status report on the government’s efforts to revive growth and stabilize the markets. Among his comments, Paulson highlighted the importance of ensuring potential homeowners with access to credit. However, high interest rates and tight credit due to the high level of defaults are still making this difficult to accomplish.

The monetary policy official said that early loan modifications given in effort to aid existing homeowners was so far displaying unsatisfying results. Also, regarding the financial system, after the widespread panic in October, Paulson stated that there was clear ‘stability’ emerging from the markets.

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ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]
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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 large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

German Government Expects Contraction in 2009

2009-01-11T18:17:00.000-08:00

Despite encouraging news that retail sales rose by 0.7 percent in November, the German government is anticipating a contracting economy of 3.0 percent in 2009. Germany remains one of the more successful countries in the European Union fending off the worst parts of the recession, buoyed by the fact that less than one in twenty consumers have direct exposure to slumping equities.

Recently, German Chancellor Angela Merkel announced that the government plans to only release €25 billion ($35 billion) for a second stimulus plan. Conditions aren’t as sanguine as they might appear: a devastating fourth quarter is expected in part by industrial production and exports dropping by 6.4 percent and 10.6 percent in November, respectfully, and unemployment rising to 7.6% in December.

[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.

New Zealand Dollar Technical Outlook

2009-01-11T18:10:00.000-08:00

I would still like to see the NZDUSD complete 5 waves up from .5186 but with patterns in the GBPUSD and AUDUSD suggesting weakness, I am not confident that Kiwi will exceed .6090.

In any case, a push through would target Fibonacci resistance at .6183, which is reinforced by former congestion.

[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 marke

China's Struggling Airlines Get Tax Break

2009-01-08T20:37:00.000-08:00

China is taking new steps to shore up its aviation industry amid global economic turmoil, giving struggling airlines a $360 million tax break and $26 billion in loans to its main aircraft maker, state media said Friday.
The airline aid follows injections of government capital to help two of China's three main state-owned carriers through a travel slump. The lending to Aviation Industry Corp. of China reflects Beijing's continued desire to build up a civilian aircraft industry despite a decline in demand for planes.

Airlines will be exempt from a tax on fuel surcharges through 2010, a move that will save them up to 2.5 billion yuan ($360 million), the newspaper Shanghai Securities Journal said. It said the step is retroactive to Jan. 1, 2008.
China's airlines lost 7 billion yuan in January-November, according to state media. Beijing has injected a total of 13 billion yuan into China Eastern Airlines and China Southern Airlines.
Meanwhile, a group of 10 state-owned banks signed an agreement with AVIC on Thursday on a rotating credit line of up to 176 billion yuan, the newspaper China Securities News and the Xinhua News Agency reported.

AVIC is a co-owner of Commercial Aircraft Corp. of China, the lead company in the Chinese government's effort to produce large passenger jets to compete with global giants Boeing Co. and Airbus Industrie.
AVIC general manager Lin Zuoming said the money will be used for projects by the company's subsidiaries but gave no details, the Securities News said.
The push into commercial aviation comes despite government orders for carriers to cut back on aircraft purchases.

"We encourage airlines to cancel or delay 2009 aircraft orders," Yang Guoqing, deputy chief of the Civil Aviation Administration of China, said this week, according to the China Daily newspaper. "It is the duty of airlines to cut capacity, defer plane orders, return leased aircraft and ground or sell older planes."
China's first homegrown commercial aircraft, a 90-seat model made by an AVIC subsidiary, had its maiden flight in November and the government says it hopes to produce a 150-seat plane by 2014 to compete with Boeing and Airbus.
The lending group was led by Industrial & Commercial Bank of China Ltd., the country's biggest state-owned lender, according to news reports. They said ICBC, China Construction Bank Ltd. and China Citic Bank Ltd. each contributed 30 billion yuan, with the rest coming from smaller lenders.

[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.

Canadian Dollar Could Pull Back on Friday

2009-01-08T20:31:00.000-08:00

The Canadian dollar held its own against the US dollar on Thursday, despite the release of disappointing data, as the Ivey Purchasing Managers’ Index (PMI) tumbled to a record low of 39.1 in December. This marked the second straight month that the index held below 50, which signals a deterioration in business activity, and a further breakdown of the report also shows that employment conditions contracted for the fourth consecutive month.

This reading suggests that Friday’s releases could have bearish implications for the Loonie, as the Canadian net employment change is forecasted to have fallen by 20,000 during December while the unemployment rate is anticipated to have risen to a nearly three-year high of 6.5 percent from 6.3 percent. Since the employment change tends to be a very volatile release, this should have the greatest impact on the Canadian dollar, with a sharper than expected drop likely to weigh on the currency and an unexpected positive result likely to push it higher.

[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's prove to you that you have taken the right step by choosing our partnership.

British Pound Surges Following Bank of England’s Rate Cut

2009-01-08T20:27:00.000-08:00

British Pound Surges Following Bank of England’s Rate Cut - Why?

The British pound remained strong on Thursday, gaining against every major currency except the Japanese yen and Canadian dollar, despite the fact the Bank of England cut the Bank Rate to the lowest level since the bank was founded in 1694. What gives? First of all, the BOE’s 50 basis point reduction was in line with expectations, so there was no surprise factor coming in to play.

Meanwhile, though the Monetary Policy Committee’s (MPC) subsequent policy statement was quite bearish on economic conditions in the UK and abroad, they did not give any indication that they would cut rates again during their February 5 meeting. In essence, the British pound’s rally today indicates that the currency’s nearly 30 percent drop against the US dollar and 53 percent plunge versus the Japanese yen over the past 6 months has gone above and beyond pricing in rate cuts by the BOE. At this juncture, actual rate cuts are having little impact on the currency markets, as traders are more focused on comparative long-term interest rate expectations.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

Euro Ends Day Just Below Key Resistance

2009-01-08T20:22:00.000-08:00

Euro Ends Day Just Below Key Resistance - Will Euro-zone Retail Sales Weigh on Friday?

The euro continued to edge higher versus the US dollar, but major resistance at 1.3750 is blocking the pair’s way higher. Economic data out of the Euro-zone still suggests that the European Central Bank will cut rates next Thursday, but as we saw with the British pound and the Bank of England’s rate cut today, that doesn’t mean the currency will automatically fall lower. Nevertheless, looking at the data on hand, a measure of confidence amongst European consumers and executives fell during December to the worst level since record keeping began in 1985, suggesting that consumption is sure to slow further and businesses are far less prone to invest.

Furthermore, the Euro-zone’s unemployment rate rose to a two-year high of 7.8 percent in November from 7.7 percent, and given the dour outlooks for the economy, the deterioration of the labor market is likely to worsen. Friday’s data should add to this gloomy mix, as retail sales growth in the Euro-zone is forecasted to have stagnated during the month of November, leaving the annual rate negative for the sixth straight month. Such a result would be in line with the steady drop in the Purchasing Managers' Index (PMI) for the Euro-zone services sector, which has signaled a contraction in business activity throughout the second half of 2008. In fact, given this correlation, the timelier PMI results suggest that retail sales will remain weak not only in this reading for November, but for December as well. The impact on the euro should be minimal, barring a sharp, unexpected decline.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Dollar Drops On BoE Cut, US Retailers Suffer

2009-01-08T20:13:00.000-08:00

Dollar drops as BoE cuts less than expected, US retailers suffer in December

The dollar fell across the board Thursday as the Bank of England cut its key interest rate to a record low -- but by less than had been expected by some.
Meanwhile, U.S. retailers rang in with glum sales figures for December and the Labor Department said Americans seeking public jobless aid jumped unexpectedly by more than 100,000 people.

The 16-nation euro rose to $1.3725 in late afternoon trading in New York from $1.3614 late Wednesday, while the British pound climbed to $1.5228 from $1.5132.
The Bank of England cut its rate by half a percentage point to 1.5 percent, the lowest level in the bank's 315-year history. The British economy has been battered by a housing crisis and a string of failed retailers.

There is now increasing pressure on the European Central Bank to cut its rate from the current 2.5 percent when it meets on Jan. 15. Most of the other major world economies, including the U.S. and Japan, have already ratcheted rates down to near zero, and analysts expect Britain will continue to chop at rates in an effort to propel economic activity.
Lower rates can help jump-start an economy, but weigh on a currency as investors seek higher returns elsewhere.

The dollar also fell to 91.40 Japanese yen from 92.65 late Wednesday, and dropped to 1.0930 Swiss francs from 1.1026.
U.S. news didn't help the buck -- retailers' same-store sales, or sales at stores open at least one year, a key metric, mostly sank in December. Even Wal-Mart Stores Inc., which had benefited in 2008 from consumers' trading down, reported that its sales rose by 1.2 percent last month, less than had been expected. Wal-Mart also cut its profit outlook for the fourth quarter.

Also on Thursday, the Labor Department said the number of initial claims for unemployment benefits slipped last week, but the number of people continuing to file claims for aid rose to a new 26-year high of 4.61 million. And the Labor Department on Friday is expected to report that the unemployment rate grew from 6.7 percent to 7 percent in December.

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The Third Lesson That We Can Derive From The Last Crisis To Avoid The Next?

2009-01-07T19:32:00.000-08:00

Is that international financial institutions can be of some help – when not driven by political or geopolitical considerations and when not married to a dogma. Unfortunately, these are the rare cases. Most IFIs – notably the IMF and, to a lesser extent, the World Bank – are both politicized and doctrinaire. It is only lately and following the recent mega-crisis in Asia, that IFIs began to "reinvent" themselves, their doctrines and their recipes. This added conceptual and theoretical flexibility led to better results. It is always better to tailor a solution to the needs of the client.

Perhaps this should be the biggest evolutionary step:

That IFIs will cease to regard the countries and governments within their remit as inefficient and corrupt beggars, in constant need of financial infusions. Rather they should regard these countries as CLIENTS, customers in need of service. After all, this, exactly, is the essence of the free market – and it is from IFIs that such countries should learn the ways of the free market.

[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.

The Second Lesson That We Can Derive From The Last Crisis To Avoid The Next?

2009-01-07T19:27:00.000-08:00

Is the important role that central banks and other financial authorities play in the precipitation of financial crises – or in their prolongation. Financial bubbles and asset price inflation are the result of euphoric and irrational exuberance – said the Chairman of the Federal Reserve Bank of the United States, the legendary Mr. Greenspun and who can dispute this? But the question that was delicately side-stepped was: WHO is responsible for financial bubbles? Expansive monetary policies, well timed signals in the interest rates markets, liquidity injections, currency interventions, international salvage operations – are all co-ordinated by central banks and by other central or international institutions.

Official INACTION is as conducive to the inflation of financial bubbles as is official ACTION. By refusing to restructure the banking system, to introduce appropriate bankruptcy procedures, corporate transparency and good corporate governance, by engaging in protectionism and isolationism, by avoiding the implementation of anti competition legislation – many countries have fostered the vacuum within which financial crises breed.

[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 marke

The First Lesson That We Can Derive From The Last Crisis To Avoid The Next?

2009-01-07T19:18:00.000-08:00

It would seem, is that short term and long term capital flows are two disparate phenomena with very little in common. The former is speculative and technical in nature and has very little to do with fundamental realities. The latter is investment oriented and committed to the increasing of the welfare and wealth of its new domicile.

It is, therefore, wrong to talk about "global capital flows". There are investments (including even long term portfolio investments and venture capital) – and there is speculative, "hot" money. While "hot money" is very useful as a lubricant on the wheels of liquid capital markets in rich countries – it can be destructive in less liquid, immature economies or in economies in transition.

[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.

Vital Tips on Getting Started in Forex Markets

2009-01-07T17:47:00.000-08:00

You can actually make a regular source of income by entering the fascinating world of forex trading. But there is a checklist you need to follow to have a profitable trading experience. That would make your forex trading worthwhile and that much more orderly.

It is the forex broker that you select who helps you to open your online forex trading account. Apart from having a flawless reputation, the broker you select should preferably be affiliated to a large banking institution. For example Saxo Bank is reportedly a good forex broker. But there are several others too. The choice is entirely yours. Before you make the final selection, read online reviews of the brokers and select the broker who is the least controversial and who has the maximum positive reviews in broker review sites. Remember to read the trading rules of the broker, particularly with reference to the leverages they offer, the carry forward charges to roll over your position to the next day and so on. In other words pay attention to the fine print of the terms and conditions of the broker’s agreement. Get someone who is well versed in forex trading to help you out on this.

[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's prove to you that you have taken the right step by choosing our partnership.

What Are The Best Hours For Forex Trading?

2009-01-07T17:30:00.000-08:00

Forex is a highly dynamic market with lots of price oscillations in a single minute, this characteristic of the Forex market allows traders to enter the market many times a day and pull some profit from these number of trades. If you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest.

The main timing characteristics of the Forex market are the following:
* Forex is 24 hour market â€“ It starts from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST
* Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America
* The US & UK account for more than 50% of the market transactions
* Forex Major markets: London, New York, Tokyo
* Nearly two-thirds of NY activity occurs in the morning hours while European markets are open.
* Forex Trading activity is heaviest when major markets overlap.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

Let Emotion Play No Role in Forex Trading

2009-01-06T16:35:00.000-08:00

All market trading is a form of gambling, and as any gambler will tell you the bets most likely to work out badly are ones based on emotion. All traders have gut instincts, but a trade should always be well thought out and based on facts or research. Gut instincts may be right every now and then, but most of the time they are a result of greed or fear and can cost you a lot of money. Before each trade, use a diary to map out a solid plan of entry based on your trading system signals

For example, knowing when to exit a deal is vitally important, so you should know at which point you’re going to pull out, both on the high side (a winner) and on the low side (a loser). When the deal hits this price, follow your plan to exit no matter what your emotions are telling you.
Continual learning might seem obvious, but you’ll be surprise how many beginners read one book and think they know everything. All of the greatest traders are continually learning from their successes and especially their mistakes to get better. There are literally hundreds of strategies you can follow with Forex, and learning more about new ones can fine tune your trading and increase your profits.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Choosing Your Forex Broker

2009-01-06T16:31:00.000-08:00

The best thing to do is to find these legitimate companies to stay away from fraudulent ones. However, most new traders fall prey to these scammers because of their savory offers.
Don't get fooled by the companies that advertise high profits for minimal risks. The fact is that, if you want to earn high profits, then you are likely subjected to high risks as well. Higher rate of profit means higher risk.

So, always stay on the safer side. If you're looking for a forex trading broker, and since each broker is part of a certain company, make sure that you select a government registered company. In signing any contract with them, double check if they are registered or certified brokers. This is one basic precaution that will prevent any misfortune that you might encounter in the future.
The job of reducing the risk is entirely yours, not that of the broker; so if the company offers or promises little risks, guaranteed profits, and the like, that is a sure sign that they are there to make a fool out of you.

Even if you are not a professional trader, a little use of the common sense can help in long run.
Before actually participating in any forex trade, make sure you have done your homework. Do the research and jot down all the necessary details about the trading transaction that you wish to perform. Ever heard of inter-bank market? Stay away from companies which lure you into trading in the inter-bank market because the currency transactions are negotiated in a wobbly network of large companies and financial institutions.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Basics for Beginners

2009-01-06T16:25:00.000-08:00

If you've learned the basics about stocks, bonds, and mutual funds (see the "Basics for Beginners" series in the link boxes to the right) and are ready to invest some money, it might be time to consider whether you want to use a broker, and if so, how you should go about doing that.
You can invest in stocks, bonds, mutual funds, and other types of investments through a variety of different investment professionals and institutions, including brokerages, banks, insurance companies, and individual mutual fund companies (Fidelity, Vanguard, etc.).

Opening a brokerage account is similar to opening a bank account. You'll sign a new account agreement, which you should read in full, no matter how boring. If there's something you don't understand, ask questions. This agreement determines your legal rights concerning your account.
forex broker review won't develop an overall financial plan for you. Brokers make recommendations about specific investments, like stocks, bonds, or mutual funds, and charge you a fee or commission when you buy or sell through them.

You can hire someone to help you make investing decisions though, such as a financial planner, investment adviser, accountant, etc. Most of forex broker review will be more than happy to give you investing advice, but be sure you know about all of the fees and commissions they'll be paid, both by you and the investment company, and check out the investments they recommend.
Nobody is going to have your interests at heart as much as you do, so don't turn your investing decisions over to a broker or other advisor without knowing how and where they're investing your money.

When buying mutual funds from a broker (or anyone else), ask if the mutual fund has a front or back load. If a fund has a load, it means they charge you a percentage of the value of your purchase, either up front (front load) or when you sell the shares (back load).

[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.

Investment Myths And The Forex Markets

2009-01-06T16:20:00.000-08:00

When you are trading and investing in any market, including the Forex, you must have the discipline needed to be successful. Although the system is enormous and there is a lot going on that you won't be involved within, you must actively protect your investments. Your investments will not be protected just because they are in the market. A lot can change throughout a day, so you have to always be aware of what is going on in order to be fully protected to your best ability.

You should always make logical and researched decisions when trading. It is not a system to use to "get rich quick". It is a serious financial system that can break your pocket if you are not careful.
One thing to remember when trading and trying to protect your investments however will be that you must take risks to gain. Along with taking a large risk, can come a large success or large loss. You have to be prepared for the worst. You can do this by educating yourself as much as possible on the trading system and your investments. The more you know, the better prepared you will be to make successful decisions.

If you are unsure about a system of trading, like the Forex, be sure to take classes and read about the system before you begin trading. Only trade when you are certain you are ready to begin. Even after you learn what you need to know about the system and are a seasoned trader, there are times when you will have losses. The system is not one that protects your investments or your money in general. So, be prepared and aware of this issue. Being realistic can really help you gain more success.

[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 marke

Forex Brokers - Helping to Maximize Your Success

2009-01-06T16:14:00.000-08:00

A Forex broker is a broker dealing in foreign exchange, just like real estate broker who deals in real estate and properties. Simply, a Forex broker is an advisor who advises you about the forex market. However, the Forex market is not the perfect place to play with as a novice and beginner as there are many criticalities involved along with much risk bearing capacities. Novices can very quickly get their fingers badly burnt. But inexperience is not the only reason to consider using a Forex broker to trade in the high-risk international currencies market.

So, the Forex broker is an advisor who advises you about the forex market and allows you to work for 24 hours a day with major currencies like EUR, JPY, GBP, CHF etc against the US dollar on the spot, i.e. according to the current prices on the forex international exchange market. But the level of profits depends only on your abilities as well as your timely decision.

[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.

No-fail Strategies in Choosing Regulated Forex Broker

2009-01-04T16:28:00.000-08:00

Make really sure you're getting a forex spot account and not forwards and futures account. Almost everybody uses the spot market as it is easier to rollover your position. Be certain that you feel comfortable with regulated forex broker policies before registering. Look for these few stuffs

1. Bid/ask pip price on currency pairs

As we take the journey through the final part of this article, you can look back at the first part if you need any clarifications on what we have already learned.

2. minimum trading unit size 3. Reliability of the trading platform

4. EBook in teaching you the standard strategies to trade

5. Requoting policy

Search for the most competitive spreads as this will decrease your costs of trading FOREX. If you're trading heavily, it might cost you a lot of dollars for not receiving a great competitive spreads. Competitive spreads are about 3 to 5 pips and if you're receiving spreads of 8 pips or more, just snub this platform.

Transparency of the trading platform is also important to make really sure they never charge you more. Sometimes, they might make a muddle and charge you more and this might get you into extra unwanted cost. Choose a regulated forex broker cleverly before trading currencies. If likely, open a small account in 2 or 3 platforms before choosing which platform you want to use in long time. Analyze it for few days or weeks and see which gives you the best offer. Getting wrong online FOREX trading platform can cause you to spend both your time and money.

[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's prove to you that you have taken the right step by choosing our partnership.

Forex Charts - the Deadliest Mistake you Can Make

2009-01-04T16:17:00.000-08:00

There one error that traders make more than any other when using forex charts and technical analysis and it ensures a wipeout of equity. This article will show how to avoid it and the best way to achieve forex charting success.

The most common mistake of all is trying to predict forex prices

Why?
Because if you predict all you are doing is hoping and guessing and that's not a way to make money in any venture in life least of all forex trading. What you need to do is forget about predicting forex prices and simply confirm every trading signal via price action.

The Wrong way to Trade
Many traders simply look at a support level or resistance level and as prices approach it they buy or sell. Of course a trend in motion is more likely to continue than reverse and more often than not the level gets taken out and the trader loses their equity.

The Correct Way to Trade

You need to get some momentum indicators to help you gauge price momentum. If you don't know what momentum indicators are look them up in our other articles but good ones to start with are:

Relative Strength Index (RSI) and the stochastic

These will tell you if velocity or strength of price is strong or weak.

For example if you are waiting for a support level to hold - you wait for the above indicators to prove that it has, before executing your trading signal. Sure you miss a bit of the move - but as you don't know where the turn is going to be that's not a problem.

If you trade with confirmation, you trade with the odds on your side. Using momentum indicators for timing is essential, if you want to enjoy currency trading success.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

Forex Price Movement

2009-01-04T16:09:00.000-08:00

How and Why Prices Really Move
This article is going to look at how and why prices move and how to win. Most novice traders make the mistake of thinking prices move to news stories and try and trade them or to some scientific theory - they don't. Forex prices are chaos - but that doesn't mean you can't win, you can and to do so, you must understand the key point of this article...

Here is the equation for market movement

Fundamentals (Supply and Demand) + Investor Perception of = Price

While the above sounds simple and it is most traders don't understand that the facts are NOT important it is how they are perceived by all the investors as a whole that is important.

Many people trade breaking news but it won't help you as it's discounted immediately and furthermore, investors are always looking to the future. To illustrate this think about this fact:

Market bottoms normally occur when the news is most bearish and market tops, when the news is most bullish.

The fundamentals are important long term - but in the short term prices are determined by the greed and fear of the investors, it's what they all think as group that determines price.

Many traders think because human nature is constant, there is a scientific theory of market movement - but of course there isn't. If there was, we would all know the price in advance and there would be no market at all.

Forex is an odds game and your aim is to trade high odds set ups, when the patterns of forex price movement dictate you should and the best way to do this is to use a simple robust trend following forex trading system.

Forex charts show you the supply and demand situation (they simply assume that all fundamentals show up in price action) but they do so something more - they tell you how all the investors perceive them.

Forex charting and technical analysis is not a science, it's an art. You're in fact, playing a similar role to a good poker player. You are looking to bet big on high odds sets, fold ones that don't go right and pass by low odds set ups.

Just like the poker player, you won't win every hand - but if you play the odds, you can win more than you lose and make a lot of money.

Forex charting is easy to learn and if you make it part of your forex education, you can learn it in about 2 weeks and get a robust forex trading strategy together which, you can apply in around 30 minutes a day.

If you can master it forex charting and spot high odds forex price movement patterns, the rewards are huge.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Forex Trade Signal Alerts

2009-01-04T16:00:00.000-08:00

An Important Tool to Your Success

The Foreign Exchange, simply referred to as Forex, is a market in which the value of one currency is traded for the value of the other, both of which are speculated as they remain floating, not fixed. Naturally, as an investor in the largest market in the world, you want to earn money. While losses and profits in Forex can interchangeably vary and are unpredictable, you can improve your chances of earning if you learn how to properly manage orders and positions, one of the most important aspects of trading not just in Forex but in general. By managing orders and positions, you can spot Forex trade signal alerts and decide with great care what to do, as opposed to being caught off guard.

The list of things you need to focus on include choosing entry points and making strong decisions regarding exit points, a trader's stop-loss and take-profit strategy. If you're a new trader, then this article will give you the advantage you need over those who have been in the game for a while now. If you consider yourself an expert trader, then this article can serve as a wake up and better your chances at taking home the lion's share in profits. You may not know it yet, but Forex trade signal alerts are important tools to your success as a currency trader.

If you've been trading a while now, you may have noticed a very significant thing about the entire trading process. With curiosity and habitual observation and study, you may have discovered that while the right time to enter a position was rarely a problem, the danger stemmed from your ability to determine the right exit point for that position. Most traders agree that a god 80% of all their open positions usually go right into the green profit zone, but there overall profit ends up weak due to problems in choosing exit points.

It is important to cut your risk on potential losses by employing stop-loss orders. To do this, you must learn to curb your greediness while practicing caution. That's why currency trading experts have often advised that in trading currencies, one must learn to detach himself from the emotions that always accompany the loss of money; trading currencies must be deemed a game and nothing more, otherwise you'll end up losing your mind or, worse, dying of a heart attack over pieces of green paper. It's not worth it. Keep your cool, and while you're at it, use reliable Forex trade signal alerts.

You can readily purchase Forex trade signal alerts online. These babies will do the job of cutting risk to your losses and spotting good trading opportunities to improve your chances of making profits. The great thing about it is that you don't have to stick to just one strategy. With hundreds of strategies to choose from, you can diversify your portfolio and execute trades using tried and tested formula from multiple signal providers. That means you don't have to pay thousands in alert subscription fees - and you can use strategies recommended by the experts.

So what are you waiting for? Browse the web and find the perfect Forex trade signal alert for you.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Speaking Like a Pro Forex Trader

2009-01-04T15:53:00.000-08:00

Learning More Forex Jargon

There's far more Forex jargon than can be covered in just one article, but this article will also help to fill in more of the most common Forex jargon for beginners. No matter what the group (doctors, astronomers, basketball players, poker players, etc.) each group has its own distinctive lingo. The Forex is no exception, and the sooner you learn some of the lingo, the easier it will be to follow tutorials, learn how to trade, and start holding your own in conversations with other professional traders.

So without any further delay:

"Lots." This is more than lingo, and not a word referring to a lot of something. Lots are specifically the bulk amounts of currency required for trading in the Forex market, most currencies are priced in lots of $100,000.

"Margin." This is the minimum amount of money needed to put up to place a trade with a broker. As long as you have this minimum amount in your account you can trade. When your account falls below that margin amount, all your open positions in the Forex market are closed out.

"Margin Call." A margin call is made when, due to losses, your account falls below the allowed minimum for a broker account. When this happens the broker makes a margin call, which will close out all your open positions in the Forex market.

"Limit Order." This is an order to execute a trade only if it hits a specific price or better.

"Carry Trade." Depending on what Forex traders you hang around with, you could hear this one a lot. A carry trade is a trade where you choose a currency pair in which you go interest positive, meaning that you are earning daily interest on your trade because of the difference in interest rates between the two nations.

"Counter-Trend." Many people think this means trending downward, but that is NOT correct. A counter trend market is a market that is not trending either way, meaning all movements are basically staying within the same channeled area.

[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.

What is the Difference Between Forex and Stock?

2009-01-01T12:48:00.000-08:00

The Forex market has a lot of advantages compare to stock market:
A Forex trader could make profit through the market no matter if it is bearish and bullish which is different from the capital market, Forex has no strict regulation in speculation, no matter whether it is a long-term or a short-term transaction there is still a hidden profit,moreover, Forex market is a double-transaction market which means Forex traders could make profit through both upward and downward trend.

Forex traders could obtain a much larger transaction compared to the stock market, through the Forex trading, Forex traders could obtain 100 times
larger transaction compared to the stock market. According to the present US situation, if a Forex trader invests $1,000 in the stock market,
the trader may obtain $2,000 of stock domination property with a proportion of 2:1, but through Forex trading, a Forex trader can do transaction
with a proportion up to 100:1.

Forex trader may make profit from the ordinary news, like the interest rate change, Forex market is closely related to various countries' politic,
economy and culture, Forex traders could also obtain profit from other kinds of news, for example interest rate level change, will influence the
interest of the Forex deposit.
Forex traders could do 24 hours trading. The stock market can only be traded during daytime at a specific time, generally from 9:30a.m. to 4:00p.m..
If you too have your own full time job, then you will face the dilemma - either to give up your full time job or forgo the trading opportunity.

But Forex market can be traded 5 days a week and 24 hours a day, Forex traders can trade during their free time which is normally at night after working hour.
If a trader analyze based on technical analysis, Forex trading would be much more suitable for such traders because the Forex market has a very large trading volume. Currently the Forex market has daily trading volume of 190 billion Dollar, such giant market will completely digest a fore trader's transaction cash, under such situation the accuracy of the technical analysis would be much higher then any financial market, the chances of using technical analysis to make profit would be much more higher.

In the stock market there are hundred and thousand kinds of stocks, then choosing stock will be a very difficult matter.
But in the Forex market, the currency combination is extremely limited, this may enable Forex traders to concentrate on these
currencies combination, and could follow the trend quickly.

[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 Development History

2009-01-01T12:42:00.000-08:00

Foreign exchange development history - exchange market evolution foreign exchange development history - exchange market evolution gold remittance system and Bretton woods agreement

In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to each ounce of gold.

The Bretton Woods Agreement was signed in 1944, the purposed was to prevent the currency to escape between countries, and also to limit the international speculation, thus to stabilize the international currency. Before this agreement was signed, the gold remittance standard system which was widely used since 1876 - was leading the international economy system until the First World War. In the gold remittance system, the currency was at the stable level under the support of the gold price. The gold remittance system has abolished the old time king and the ruler which depreciates the currency value unlawfully, which will lead to inflation.

But, the gold remittance standard system is certainly imperfect. Along with a country economic potentiality enhancement, it can import massive products from overseas, until it exhausts the gold reserve of certain country. It resulted the supply of the currency reduces, the interest rate raises, the economic activity will start to decline until it reaches the recession limit. Finally, the commodity price falls to the valley, gradually attracts other countries to stream in, massively rushes to purchase this country commodity. This will pour gold into this country, this will increase this country currency supplies quantity, and it will reduce the interest rate, and will create the wealth. This is so called the "the prosperity - decline” pattern and is the circulation of the gold remittance standard system, until the trade circulation and the gold freedom was broken by the First World War.

After several catastrophes wars, the Bretton Woods agreement has appeared. The countries which signed the treaty agreed to maintain the domestic currency to US dollar exchange rate, as well as the necessity of the corresponding ratio of the gold, and only allow a small fluctuation. Countries are prohibited to depreciate the currency value for the gain trade benefit, only allows the country to depreciate not more then 10%. Enters the 50's, the continuous growth of the international trade causes the fund large-scale shift which produces because of the postwar reconstruction, this causes Bretton Woods system which establishes the foreign exchange rate to lose stability.

[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.

Characteristics of Forex Market

2009-01-01T12:32:00.000-08:00

1st, It consists market but no trading field
The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network. Stock trading is being traded through stock exchange. Like the New York Stock Exchange, the London stock market, the Tokyo stock market, respectively is American, English, the Japanese stock main transaction place, it is a centralism business financial commodity, its quoted price, the transaction time and hand over to the procedure all consist of unification the stipulation, and has established the same business association, it has formulated the same business rules. The investor could buy and sells the commodity through the broker company, this is known as "consist of trading market and trading field".

But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. But, the foreign currency trading network actually is globally, and it has formed a organization which has no formal organization, the market is relied through an approval way and the advanced information system, Forex traders do not consist any membership qualification for any organization, but must obtain colleague’s trust and approval. This kind of Forex market which has no trading field is known as "consist of market but no trading field". Each day, the trading volume in the global Forex market involves billions of U.S dollars, the so huge large amount fund, is being control under both the non-centralism place and non central governance system, plus it is settle based on non-government governance.

2nd, Circulation work
Due to the different geographical position of the various financial centre, the Asian market, the European market, the Americas market because of the time difference relations, it has become an entire day 24 hour continued operation whole world foreign exchange market.
Early morning 0830 (New York time) New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong, Singapore open, before dawn 1430 Frankfurt opens, 1530 o'clock London market opens. So 24 hours uninterrupted movements, the foreign exchange market becomes a day and night market, only on Saturday, Sunday as well as the various countries' significant holiday, the foreign exchange market only then can close.
This kind of continued operation, provided no time and spatial barrier ideal outlet for investors, the Forex trader may seek the best opportunity to carry on the transaction. For instance, Forex trader buys up the Japanese Yen in the morning at the New York market, in the evening Hong Kong market opens the Japanese Yen rises, the Forex trader sells in the Hong Kong market, no matter Forex trader in where, he all may participate in any market, any time business. Therefore, the foreign exchange market may say is does not have the time and the spatial barrier market.

3rd, Zero and Game
In the stock market, the rise or the drop of stock market could influence the value of the stock whether to rise or drop, for example the Japanese new date iron stock price falls from 800 Japanese Yen to 400 Japanese Yen, the value of this stock has been reduced to half. However, in the foreign exchange market, the value of a stock and a currency is being calculated differently, this is because the exchange rate is refers to the exchange ratio both countries currency, the exchange rate change will influence one kind of monetary value to reduce and at the same time another kind of monetary value increase. For instance in 22 years ago, 1 US dollar exchanges 360 Japanese Yen, at present, 1 US dollar exchanges 110 Japanese Yen, this explains the Japanese Yen currency value rise, but US dollar currency value drops, in the end the value will not reduce or increase. Therefore, some people described the foreign currency trading is "zero and the game", exactly said is the wealth shift.

[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's prove to you that you have taken the right step by choosing our partnership.

What is a Leverage ?

2009-01-01T12:25:00.000-08:00

Leverage is a very important part of Forex trading, and it's critical that you know exactly how it works and how to use it. It is the term Forex traders use to refer to the ratio of invested amount related to the trade's actual value.

Online brokers usually provide their customers with the option to trade on borrowed capital, so that traders don't have to invest tens of thousands of dollars to make any real profit. When you trade at a leverage of 1:100, or X100, it means that for every $1 that you invest in the market, the broker invests additional $99. As a result, you can control an amount of $10,000 by investing $100. eToro provides traders with the opportunity of trading at up to 1:400 leverage.

It probably won't surprise you when we say that with greater opportunity for profit comes greater risk. Just like slight fluctuations in currency rates can make you significant amounts of money, it can also cause you to lose your money very quickly. The higher the leverage, the larger the profit that you stand to make and the quicker you might lose your investment. A leverage of 1:400 can make you more money than a leverage of 1:100, but it also puts your initial investment at more risk.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

The History of The Forex Market

2009-01-01T12:20:00.000-08:00

The Bretton-Woods Agreement which originated in 1944, fixed national currencies against the US dollar, and set the dollar at a rate of USD 35 per ounce of gold. In 1967, a Chicago bank refused to make a loan in pound sterling to a college professor named Milton Friedman, because he was planning to use the funds to short the British currency. The bank's refusal to grant the loan was due to the Bretton-Woods Agreement

The Bretton-Woods Agreement was created after World War II, in order to stabilize and regulate the international Forex market. Participating countries agreed to try to maintain the value of their currency within a narrow margin against the dollar and an equivalent rate of gold.

The dollar gained a premium position as a reference currency, reflecting the shift in global economic dominance from Europe to the United States.
Countries were barred from devaluing their currencies to benefit export markets, and were only allowed to devalue their currencies by amounts less than 10%. Post-war construction during the 1950s, however, required great volumes of Forex trading as masses of capital were required. This had a destabilizing effect on the exchange rates that were established in Bretton-Woods.

In 1971, the agreement was scrapped when the US dollar ceased to be exchangeable for gold. By 1973, the forces of supply and demand were in control of the currencies of major industrialized nations, and currency now moved more freely across borders. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s. New financial instruments, market deregulation and trade liberalization emerged, further stoking growth of Forex markets.

The explosion of computer technology that began in the 1980s accelerated the pace by extending the market continuum for cross-border capital movements through Asian, European and American time zones. Transactions in foreign exchange increased rapidly from nearly $70 billion a day in the 1980s, to more than $2 trillion a day 20 years later.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

The Dollar's Decline Continues To Break Records

2008-12-31T13:01:00.000-08:00

Next Fed Cut Looking Deeper And Deeper
The dollar can’t seem to catch a break. The beleaguered currency marked yet another momentous drop against most of its liquid counterparts, chalking up its biggest three day sell off in four years. And, leading that charge was the EURO vs US Dollar, which marked a fresh record high for the third consecutive session. Feeding the insatiable desire to sell dollars was yet another round of scheduled and unscheduled disappointing fundamentals. Federal Reserve Chairman Ben Bernanke’s testimony before the House today more or less covered the same dour highlights from yesterday’s delivery to the Senate.

The few notable differences between the two speeches came from the Q&A. In response to one particular question, the central banker suggested that it would be “fair” to suggest it is tougher for the Fed to respond now than it was during the last recession back in 2001. This may have been taken to mean by some that the economy is heading for another recession; but what Bernanke was actually referring to was the unwanted mix of quickly receding economic growth and the elevated level of front-line inflation.

While Bernanke continued to talk up the struggling greenback, the market was also absorbing disappointing readings from the fourth quarter GDP revisions and a round of second tier employment numbers. Annualized growth shirked forecasts for annualized expansion to accelerate slightly by holding at its five-year low 0.6 percent clip. Noteworthy shifts from the sector breakdown were downward revisions to personal consumption, business investment, commercial construction and government spending.

[ForexGen Services]

Client Services

Customer Support
Trading Support

Nationwide Reports 0.5% Fall in House Prices

2008-12-31T12:55:00.000-08:00

House prices fell for a fourth consecutive month in February despite a further cut in interest rates, taking the annual rate of house price inflation down to its lowest in two years, a survey showed on Friday. Nationwide, the mortgage lender, said house prices fell 0.5 per cent this month, lower than expected, and revised down its estimate of prices in January, taking the annual growth rate from 4.2 per cent in January to a two-year low of 2.7 per cent.

Fionnuala Earley, Nationwide’s chief economist, said the drop in annual growth could overstate the pace of cooling since it partly reflected a surge in prices in February 2007. However, prices on Nationwide’s index have now dropped 1 per cent in the last three months compared with the previous three months. Continued weakness in house prices comes as little surprise, given continued worries over credit conditions, housing affordability and a slowing economy. Recent data suggest that numbers of mortgage approvals and enquiries from new buyers remain well below levels at the start of last autumn. “It seems clear that we will not see recent rates of growth, in either the UK economy or housing market, repeated for some time,” Ms Earley said. But she noted that, unlike the situation in the US, stocks of property on UK surveyors’ books were not yet “at levels that have been consistent with systematic falls in prices in the past”.

The downbeat tone of the nationwide report sent the euro to its highest level against the pound. Expectations of further interest rate cuts from the Bank of England helped the euro rise to Euro Pounds £0.7648 compared to £0.759 on Thursday
.
Nationwide is forecasting house prices will remain flat over the whole of 2008, while many economists are predicting year-on-year price falls. Kate Barker, the monetary policy committee member, recently said prices were likely to decline in the short term relative to earnings, while falls in nominal terms could not be ruled out. The weak outlook for house prices did not stop the property company Rightmove being bullish on growth prospects. The website owner argued online advertising was the most cost-effective way for estate agents to reach potential buyers in a tougher market. The number of advertisers on its site had grown by 18 per cent last year, contributing to a 77 per cent rise in pretax profits to £31.4m, Rightmove said.

[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.

Credit Risks

2008-12-31T12:50:00.000-08:00

Credit risk refers to the possibility that an outstanding currency position may not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago. The following forms of credit risk are known:

1. Replacement risk occurs when counterparties of the failed bank find their books are subjected to the danger not to get refunds from the bank, where appropriate accounts became unbalanced.

2. Settlement risk occurs because of the time zones on different continents. Consequently, currencies may be traded at the different price at different times during the trading day. Australian and New Zealand dollars are credited first, then Japanese yen, followed by the European currencies and ending with the U.S. dollar. Therefore, payment may be made to a party that will declare insolvency (or be declared insolvent) immediately after, but prior to executing its own payments.

Therefore in assessing the credit risk, end users must consider not only the market value of their currency portfolios, but also the potential exposure of these portfolios. The potential exposure may be determined through probability analysis over the time to maturity of the outstanding position. The computerized systems currently available are very useful in implementing credit risk policies. Credit lines are easily monitored. In addition, the matching systems introduced in foreign exchange since April 1993 are used by traders for credit policy implementation as well. Traders input the total line of credit for a specific counterparty. During the trading session, the line of credit is automatically adjusted. If the line is fully used, the system will prevent the trader from further dealing with that counterparty. After maturity, the credit line reverts to its original level.

Dictatorship risk. Dictatorship (sovereign) risk refers to the government's interference in the Forex activity. Although theoretically present in all foreign exchange instruments, currency futures are, for all practical purposes, excepted from country risk, because the major currency futures markets are located in the USA. Hence, traders have to realize that kind of the risk and be in state to account possible administrative restrictions.

[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.

Interest Rate Risk

2008-12-31T12:43:00.000-08:00

Interest rate risk refers to the profit and loss generated by fluctuations in the forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options (See below). To minimize interest rate risk, one sets limits on the total size of mismatches.

A common approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months.
All the transactions are entered in computerized systems in order to calculate the positions for all the dates of the delivery, gains and losses. Continuous analysis of the interest rate environment is necessary to forecast any changes that may impact on the outstanding gaps.

[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.

Risks By The Foreign Exchange on Forex

2008-12-31T12:38:00.000-08:00

Exchange rate risk.

As it was mentioned, the trading on the Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.

Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position. For the period it is outstanding, the position will be subject to all the price changes.

The most popular measures to cut losses short and ride profitable positions that losses should be kept within manageable limits are the position limit and the loss limit. By the position limitation a maximum amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.

[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's prove to you that you have taken the right step by choosing our partnership.

The Advantages Of Trading Alone

2008-12-30T13:49:00.000-08:00

People sometimes experiment with the idea to trade with other people. It might work, but for me, it did not. I trade alone. The advantages of trading alone are:
You are free to make your own decisions without having to find a way to explain the rationale of your decisions to anybody else. Your time and effort can be focussed on what the market is doing and how you react to it, instead of worrying about the psychological and emotional dynamics of a trading group.

You are free to experiment, based on the knowledge you gain from your experiences and your self-education, without having to asking others to allocate a certain portion of the trading funds to let you conduct your experiments.
No one can blame you for their failures. No time is wasted on justifying your actions or feeling guilty about the impact of your trading blunders on someone else's financial situation.
You alone are responsible and accountable for your own success or failure. You cannot shift the blame to anybody else. It could be disappointing to some knowing that they cannot blame anyone else if they fail. For others, it is very empowering to know that they, and they alone, are in charge of their own destiny.

Personally, I believe that a person should trade alone first before he or she decides to trade with other people. This allows the individual to develop his own philosophy and his own understanding about himself and the market. I understand, however, that not everybody can trade alone because it requires a set of beliefs and values to be part of the trader's character. Not all people are created with the same set of characteristics. Not everyone can operate under the solitude of the journey. For example, there are people who need social contact more than others. Individuals who are social by nature and those who solve problems by talking to other people, may have difficulty undertaking a solitary endeavor.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

Currency Trading vs. Casino Gambling

2008-12-30T13:44:00.000-08:00

The first aspect of our leverage myth refers to the belief that a high leverage can work in favor of the trader, and even compensate for losses in periods when trading does not give the expected results. A trader that is aware of what leverage can do for him may tend to increase the size of his trades as losses accumulate, hoping for a recovery in the very last moment. This approach can only work against the trader, and usually leads to margin calls and huge losses in trading accounts.
Whenever a trader tries to apply a casino player mentality to trading (on purpose or not), the probability of his success is in fact much lower than if he were gambling in a casino with a 50%/50% chance. The explanations are complex, and we cannot go into details here (our money management courses explain this thoroughly). Still, something is certain: the higher we set the leverage, the more our trading resembles casino betting. And I doubt any serious forex trader would like his results to be a matter of sheer luck…

OK, so why is high leverage dangerous? First, it gives the trader the power to boost his results beyond all reasonable boundaries, making the very idea of a trading plan ridiculous. Why should one try to achieve consistent results when with only ONE, highly leveraged trade, anyone can double his account size overnight? That may of course be true, but the real question is: while it may be possible to do that, how PROBABLE is it? And, most important, which is the RISK associated to such an approach? We are not talking about a 50% chances of success in this case, but in fact something closer to 20%… Again, I doubt that any trader would confidently go into the market while knowing that the probability of his success is somewhere around 20%… Trading on very high leverage is actually not at all like casino gambling: it is much worse in terms of risk/return!

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

How Does This Affect Your Forex Trading Account?

2008-12-30T13:38:00.000-08:00

If you are long the currency bearing the higher interest rate then you should earn interest, automatically credited to your trading account. Conversely, if you are short the currency bearing the higher interest rate then you should experience a small debit to your account.

Be aware that most forex brokers require a 2% margin set for your account in order to receive interest. If not, you will have to pay for the rollover, it doesn't matter whether you are long or short the currency bearing the higher interest rate

Day Traders

For day traders, who almost never hold any overnight positions, the rollover is not applicable because there are no positions to roll, and therefore no interest is earned or paid.

Swing Traders
If you are a swing, position or long term trader, the rollover will affect your account since you'll earn or pay interest on a daily basis. Therefore, it is recommend to set your account at 2% margin and only try to long the currency bearing the higher interest rate.

A strategy for the longer term trader is the carry trade, which relies on a big interest rate differential between the two traded currencies.
For example the NZD/JPY currency cross pair.

Currently, traders earn a $13 daily rollover interest, credited to their accounts at 5PM EST while holding a long position in this pair for each standard lot(1 standard lot equals 100,000 units) traded; BUT, if you are short NDZ/JPY, your account will be debited $14/day for each standard lot traded! Interesting fact to know, isn't it?
Rollover example

If you are long 300,000 EUR/USD at rollover (5PM est) and EUR/USD at rollover is trading at 1.3200, the EUR short-term interest rate is 3.50% and the USD short-term interest rate is 5.25%

[ForexGen Services]

Client Services

Customer Support
Trading Support

Forex Market Daily Interest Rollover

2008-12-30T13:33:00.000-08:00

In the spot fx market, trades settle in two business days and open trading positions held at time of rollover are automatically rolled over by the forex broker to the next settlement date, the open trade position is swapped for a new position expiring the following settlement date at 5pm EST rollover. This is also known as "tomorrow, next day" or simply "tom next."

For example, if you buy 200,000 Euros on Monday, you must deliver 200,000 Euros on Wednesday. On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position tends to be around three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period.

[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.

Limit Order and Stop Order

2008-12-30T13:22:00.000-08:00

This is an order to buy or sell a given currency at a pre specified exchange rate or better, and can be used to enter or exit trades. It “limits” the price at which you are willing to trade at. When a Buy Limit order is placed, the trade cannot be executed at a price that is higher than the specified limit price. Therefore the buy limit is placed below the current market price. It can be used to obtain a better entry price when looking to go long, or used to close out or exit an existing short position at a profit.

When a Sell Limit order is placed, the trade cannot be executed at a price that is lower than the specified limit price. Therefore the sell limit is placed above the current market price. It can be used to obtain a better entry price when looking to go short, or used to close out or exit an existing long position at a profit. When using limit orders to exit existing trading positions, long or short, it is usually associated with pre-determined trading targets.

This is also an order to buy or sell a given currency at a pre specified exchange rate and can also be used to enter or exit trades. It is activated when the specified exchange rate, in this case the stop price, is reached. This is a very useful order, in that it is placed on the opposite side of the current market price than the limit order.

When a Buy Stop order is placed, the order cannot be placed at a specified price that is lower than the current market price. Therefore the buy stop is placed above the current market price.
In this way it can be used to enter a new long position when the price of a given currency breaks above, “a price break-out”, a certain rate or it can be used to limit a loss in an existing short position. When a Sell Stop order is placed, the order cannot be placed at a specified price that is higher than the current market price. Therefore the sell stop is placed below the current market price.

In this way it can be used to enter a new short position when the price of a given currency breaks below, “a price break-down”, a certain rate or it can be used to limit a loss in an existing long position. As briefly mentioned above the stop order can also be used to stop a loss or protect profits, when the price of a currency moves against a trading position. This is why it is also referred to as a "Stop Loss" or “Protective Stop” order.

[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.

Swiss Economy Shows Signs Of Contracting, Oil Rises On Middle East Violence

2008-12-29T13:14:00.000-08:00

Fundamental Headlines

• Israelis Launch More Attacks – Wall Street Journal
• Weaker Dollar Worries Japan, Germany - Wall Street Journal
• Europeans see euro trumping dollar – Financial Times
• Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East – Bloomberg
• U.S. Corporate Profits Probably Fell for Sixth-Straight Quarter – Bloomberg

• EURUSD – French final 3Q GDP printed at 0.1% confirming preliminary reports that the country avoided a technical recession. The French economy grew on the back of increased consumer spending due to lower oil prices and in turn inflation. A 1.7% increase in Imports helped reverse the 0.3% decline from the prior quarter. Meanwhile, Italian business confidence fell to 66.6, which was the lowest since records began in 1992. Despite the improved growth numbers in France, the region is still showing signs of weakness and if businesses continue to cut workers than domestic growth could significantly fall. Discuss the topic and your trade ideas in the EUR/USD Forum.

• GBPUSD – U.K. households put £5.7 billion into their home’s according to the BoE’s housing equity withdrawal report. It was the largest amount since records began in 1970 as falling hoe prices and tight credit markets have limited the desire and ability for homeowners to pull out equity from their homes. The is a clear indicator that future consumption of big ticket items like vacations and cars will continue to decline adding to the already dour outlook for consumer spending. Discuss the topic and your trade ideas in the GBP/USD Forum.

• USDCHF – Switzerland’s KoF leading indicator fell to -0.369 from a revised -0.04, which was the lowest in more than five years. The reading indicates that the Swiss economy will most likely contract in the coming months as demand from its biggest trading partners the U.S. and Europe weakens as they face recession of their own.

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Agriculture Futures Trade Higher on the CBOT

2008-12-28T16:28:00.000-08:00

Wheat, corn, oats, soybeans trade higher on the Chicago Board of Trade; livestock futures fall

Agriculture futures rise on the Chicago Board of Trade.
Wheat for March delivery gained 17 cents to $5.9925 a bushel; March corn rose 14.25 cents to $4.1225 a bushel; March oats advanced 12.25 cents to $2.31 a bushel; and March soybeans jumped 37.5 cents to $9.565 a bushel.
Meanwhile, beef and pork futures fell on the Chicago Mercantile Exchange. The U.S. Department of Agriculture on Friday posted to its Web site 30 U.S. meat plants from which Mexico suspended purchases Wednesday. Among those affected are a Plant City, Fla.-based Smithfield Packing Co. facility, Sioux Falls, South Dakota-based John Morrell & Co. and a number of Iowa-based Tyson Fresh Meats Inc. plants.

February live cattle lost 2.22 cents to 86.1 cents a pound; March feeder cattle fell 2.8 cents to 91.75 cents a pound; February lean hogs were down 1.9 cents to 58.95 cents a pound; and February pork bellies slipped 1.15 cents to 88.45 cents a pound.

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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.
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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's prove to you that you have taken the right step by choosing our partnership.

When Is a Trend Not a Trend?

2008-12-25T17:55:00.000-08:00

When it’s a range. A trading range or a range-bound market is a market that remains confined within a relatively narrow range of prices.

In currency pairs, a short-term (over the next few hours) trading range may be 20 to 50 pips wide, while a longer-term (over the next few days to weeks) range can be 200 to 400 pips wide. For all the hype that trends get in various market literature, the reality is that most markets trend no more than a third of the time. The rest of the time they’re bouncing around in ranges, consolidating, and trading sideways. Although medium-term traders are normally looking to capture larger relative price movements — say, 50 to 100 pips or more — they’re also quick to take smaller profits on the basis of short-term price behavior.

For instance, if a break of a technical resistance level suggests a targeted price move of 80 pips higher to the next resistance level, the medium-term trader is going to be more than happy capturing 70 percent to 80 percent of the expected price move. They’re not going to hold on to the position looking for the exact price target to be hit.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

La. Wish List on Storm Recovery: Don't Forget us

2008-12-24T16:28:00.000-08:00

Still recovering from hurricanes Katrina and Rita, La. sends Obama a message: Don't forget us

More than three years after Katrina and Rita, and with billions of federal dollars already committed for recovery, Louisiana still has major requests -- and complaints -- pending on a wish list for the next president as rebuilding from the storms continues.
Louisiana's post-Katrina wish list for the next Congress and incoming Obama administration, lengthened by 2008 hurricanes Gustav and Ike, boiled down in a transition brief to one essential message: Don't forget us.
While progress has been made since Katrina and Rita lashed Louisiana in 2005, "our state still suffers an extreme housing crisis with affordable rental property hard to come by and billions of housing and infrastructure repairs yet to be completed," the Louisiana Recovery Authority said in the brief dated Dec. 8 and which the LRA provided a copy of last week.

The state's wish list for the Katrina and Rita aftermath include an extension of federal disaster housing assistance, including rental subsidies, set to expire March 1.
It also includes a call to push back by two years, to December 2012, a deadline to finish housing projects benefiting from tax credits due to the sour national economy. And there's also a call for establishment of a "blight removal fund" to help speed cleanup of thousands of derelict properties that are seen as stalling reinvestment in some devastated communities.
Louisiana also may seek a congressional appropriation if it can't come to more favorable terms with the Federal Emergency Management Agency on the level of Katrina damage to New Orleans' former public hospital for the poor, Charity. The state believes it's due $492 million; FEMA's offered $150 million.

Signs of Katrina's destruction remain in hard-hit communities of New Orleans and neighboring St. Bernard Parish. Hopeful signs -- new, elevated houses, reopened businesses -- give way to eery desolation in vast stretches of the Lower 9th Ward.
Abandoned apartment complexes blight slow-to-return neighborhoods in eastern New Orleans. Some houses still bear brownish-yellow water lines and the tattoos left by searchers in Katrina's frantic aftermath.
But progress is being made: In New Orleans alone, officials claim hundreds of millions of dollars in infrastructure projects are planned, under way or now completed. Hundreds of millions of additional dollars are lined up for neighborhood rebuilding and economic revitalization.

"The evidence of the recovery is going to get stronger and stronger as time goes on," said Mayor Ray Nagin.
But he also worries about "the people side of issues" -- affordable health care and improved mental health services in a community where he says many still grapple with post-Katrina trauma.
In his own letter Nov. 26 on the city's outstanding needs, directed to House Speaker Nancy Pelosi, Nagin listed terminal improvements at the city's commercial airport; upgrades at the train and bus depot used as part of hurricane evacuation plans; and water and sewer system work among the "ready-to-go" infrastructure projects, independent of Katrina, that he believes merit consideration for inclusion in a stimulus package.

"In the next Congress, your continued support of our ready-to-go infrastructure, as well as other priority issues" -- including rebuilding the city's health care and criminal justice systems, devastated by Katrina, and reforming the federal act that governs disaster recovery -- "is critical," Nagin wrote.
President Bush's hurricane recovery chief, retired Maj. Gen. Doug O'Dell, said in a recent interview that he thinks the federal government has provided ample resources to Louisiana and Mississippi for recovery -- and that a key task now is putting that money to work.
Of the $4 billion for permanent infrastructure work that FEMA set aside for Louisiana, $1.2 billion has been paid to the local level by the state, which has an accounting system of its own for the dollars.
One reason is the huge volume of work due to Katrina. Another, according to the state, is continuing frustration in getting FEMA to agree to what costs it will cover so cities have a clearer idea of what they can put out to bid.

FEMA spokesman Bob Josephson said there's often too much focus on a final dollar figure instead of on the overall scope of what needs to be done. He said the goal remains to cover "all actual and eligible costs."
O'Dell, who began in the post earlier this year and whose office is to be phased out early next year, began sit-downs with local, state and federal officials several months ago. His goal: to break through logjams and speed major projects.
While he calls FEMA's $150 million offer for Charity firm and all that's allowable under the federal law governing disaster recovery, he believes there's a potential public-private solution to the Charity fight.
The state's hurricane recovery chief, Paul Rainwater, wants to take his case for the $492 million to the Obama administration or Congress.

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The live/real account is provided to those clients who may have some experience in the online trading.

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British Pound And Euro Technical Outlook

2008-12-23T15:37:00.000-08:00

British Pound Technical Outlook

At the risk of sounding repetitive, sideways price action in the British Pound/US Dollar leaves our bias exactly unchanged. “The British Pound has found a short-term base against the US Dollar, holding highly-contested support near the psychologically significant 1.4700 mark. Its recent price formation likewise looks vaguely like an inverse head and shoulders pattern, and a break above 1.5500 would signal that a more medium term reversal is likely. Shorter-term, the British Pound looks to challenge previous spike-highs at the psychologically significant 1.5000 mark.”

Euro Technical Outlook

Our outlook for the Euro against the US Dollar effectively remains unchanged. After massive rallies that swiftly took it to multi-month highs, the Euro/US Dollar is likely to continue its correction before any further ascent. As it stands, the pair remains in a very tight short-term trading range, and the absence of any real speculative interest on a holiday-shortened trading week suggests we may see similarly lackluster price action through the very short-term. Our bias remains to the downside, but a hold of near-term support at 1.3825 suggests that the pair could drift higher or trade sideways until further notice.

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German Consumer Confidence Holds Steady Despite Deteriorating Outlook

2008-12-22T15:58:00.000-08:00

Alleviating price pressures have offsets the deteriorating outlook for the economy as the German GfK consumer confidence held steady at 2.1 in January, while the December reading was revised down from 2.2.

Fundamental Headlines

• AIG Nears Sale of Hartford Steam Boiler – Wall Street Journal
• GM Prepares Ground for Post-Holiday Talks With UAW - Wall Street Journal
• Christmas shut-down in Silicon Valley – Financial Times
• China's Central Bank Lowers Benchmark Rates for Fifth Time in Three Months – Bloomberg
• Toyota Forecasts Its First Operating Loss in 71 Years – Bloomberg

• EURUSD – German import price fell for the fourth consecutive month in November as the index slips 3.4% from October, while the annual figure fell 1.3% from the previous year, after reaching a high of 9.3% in August. The sharp decline in import price inflation is mainly due to lower oil prices and the base effects from food prices. Excluding energy, prices rose 3.2% from previous year, after rising 4.1% in October. Alleviating price pressures have offsets the deteriorating outlook for the economy as the German GfK consumer confidence held steady at 2.1 in January, while the December reading was revised down from 2.2. Meanwhile, fading demand from home and abroad continued to take a toll on the Euro-Zone as industrial new order fell at a record pace of 15.1% in October despite expectations for a 9.8% decline. Risks for deflation paired with mounting growth concerns should allow the European Central Bank to ease policy further policymakers carryout their mandate to ensure price stability.

• USDJPY – The Bank of Japan monthly economic report downgraded the growth outlook for the economy and voiced strong concern about the downside risks to growth as they noted “conditions are likely to become more severe in the immediate future.” Meanwhile, earlier today, Japan posted its second consecutive trade deficit in November, which was led by a record 26.7% drop in exports. The statements suggests that economic activity will deteriorate further as global demands falter, which would only drag on the export-driven country going forward.

[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.

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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.

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Japan Unveils Economic Aid, Belgian Government Falls

2008-12-21T15:08:00.000-08:00

Japan, Germany and Canada pledged new measures on Saturday to confront a financial crisis that has toppled banks, endangered the global auto industry and now played a part in the demise of Belgium's government.
Tokyo joined governments worldwide in pledging hundreds of billions of dollars of fiscal stimulus to lessen the impact of the crisis on their economies, many of which, Japan's included, are already in recession.
Its extra 4.79 trillion yen ($54 billion) budget, approved by the Cabinet on Saturday, will help finance two already-unveiled spending packages totaling 10 trillion yen.
In Canada, Prime Minister Stephen Harper unleashed C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of Detroit's ailing automakers to keep them operating while they restructure their businesses. The lifeline comes just a day after the White House unveiled a $17.4 billion package to shore up Detroit's auto industry.

Harper also announced two new federal measures to support the overall industry -- one to benefit automotive suppliers and a second to help consumers get credit to buy cars.
"There are literally across the country hundreds of thousands, if not millions, of potentially affected families by the distress of this industry," Harper said.
German Chancellor Angela Merkel said her country would take "a further step" in January to boost its economy, having previously limited herself to saying government leaders would meet in the new year to review the situation.
In neighboring Belgium, King Albert consulted political leaders after the government collapsed following its botched attempt to bail out financial group Fortis.

Prime Minister Yves Leterme tendered his government's resignation on Friday after a report by the Supreme Court found signs of political meddling to sway a court ruling on the future of the bank, a victim of the credit crunch.
The king, who under the constitution must decide whether to accept the resignation, held successive talks with the heads of the five ruling-coalition parties until 2 a.m. on Saturday.
Consultations were to continue later in the day. Belgian media said there was little chance of Leterme staying on.
Leterme denied accusations he had sought to influence an appeal court that last week upheld a challenge by shareholders to a state-led carve-up of the bank, but acknowledged that the Supreme Court's findings made his position untenable.

The global economy's lifeblood -- credit -- remains severely constrained despite authorities spending trillions of dollars to keep money markets functioning, propping up banks and producing economic stimulus packages.
The boss of Britain's Barclays bank said it would be tough to get credit for up to two years yet.
"I think that we will see the process of reduced borrowing play out over at least the course of the next 12 months maybe, maybe 24 months," John Varley told BBC Television's Panorama program.

CHINESE, GERMAN PLEDGES
China expanded its pledge to help neighbors ride out the crisis, saying it was willing to meet requests for assistance from Taiwan.
Ties between China and Taiwan, separated since the end of the Chinese civil war in 1949, have been warming since Taiwanese President Ma Ying-jeou took office in May.
"If ... Taiwan asks for measures to ease its economic difficulties, the mainland is willing to do its utmost to provide aid," said Jia Qinglin, the fourth most senior leader of China's ruling Communist Party.
The financial crisis, sparked by a 2007 U.S. housing market meltdown and huge bank losses that ensued, has pushed much of the world into recession and curbed even China's fast growth.

In her weekly podcast, Merkel said Berlin would do everything possible next year to keep the economy -- already in recession -- on a sound footing, after passing a stimulus package two weeks ago that was criticized as insufficient.
"We'll take a further step in January," she said, confirming for the first time concrete measures were on the way.
Analysts said Japan's measures could also be inadequate, given they are unlikely to be implemented until April.

"The problem is that it is taking more than five months for Prime Minister Aso to carry out his economic measures at a time when economic conditions are rapidly changing at home and abroad," said Takahide Kiuchi, economist at Nomura Securities.
Tokyo's move caps a dramatic week when it and the United States cut interest rates virtually to zero and Washington threw a $17.4 billion lifeline to its crippled auto firms.

But General Motors and Chrysler LLC are not out of the woods yet. Washington set a deadline of March 31 for the companies to prove they can restructure enough to ensure their survival or have the loans called back.
A collapse of the Detroit Three automakers would put nearly 600,000 Canadians out of work within five years, most of them in Ontario, according to a provincial advisory panel report.

Under Canada's rescue plan, the federal government will provide C$2.7 billion in short-term loans and Ontario C$1.3 billion.
Harper said Canada would not allow a restructuring of the industry on U.S. terms in a way that spark Canadian job loss.
"We may well have much smaller companies but they will not fail in my judgment," Harper said. "The question then for Canada is to ensure that as they are restructured that we retain our market share."

[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.

Dollar Rebounds as ECB Encourages lending

2008-12-18T17:38:00.000-08:00

The dollar swung wildly against the euro Thursday, trading higher as the European Central Bank acted to encourage lending between banks, even as markets continued to absorb the Federal Reserve's rate cut to historic lows two days ago.

Meanwhile, the dollar rose sharply against the pound and the yen as a Japanese government official talked up the currency.
The 15-nation euro dropped to $1.4313 in late New York trading from $1.4349 late Wednesday. The euro peaked at $1.4719 in overnight trading, its highest point since late September, and dropped as low as $1.4182 in the afternoon -- a massive 5.4-cent swing.
The European Central Bank said it would increase the interest rate it charges banks to borrow from the ECB from a half percentage point above its benchmark refinancing rate to a whole point.

It also said it would lower the deposit rate -- the interest it pays to banks that deposit their money at the ECB -- from a half-point below the refinancing rate to a whole point below it, or 2 percent. The changes would take effect Jan. 21.
The changes mean the ECB is instituting a sort of tax on money banks have parked with it, said Benedikt Germanier, senior foreign exchange strategist for UBS AG in Stamford, Conn.
But the euro was coming off its highs even before the ECB action, he said. The move was "an incremental change in how the ECB deals with lenders, (giving) them more motivation to lend out cash." In this environment, with a very thin volume of trading, a few more sellers in the market prompted a huge price swing.

Meanwhile, the British pound sank to $1.5070 from $1.5476 late Wednesday, and hit its ninth record low against the euro in as many trading sessions at 0.9425 euro.
The dollar also rebounded to 89.42 Japanese yen from 87.96 yen.
The buck traded as low as 87.11 yen Wednesday, its weakest level since July 1995. The yen eased as the Japanese finance minister said he would "implement appropriate measures" regarding the yen's gains. The Bank of Japan began a two-day policy meeting on Thursday. It is expected to cut its current rate of 0.3 percent on Friday by at least half.

The government's statements may indicate possible intervention in the foreign exchange market to keep the yen weak, which the country's exporters depend on.
On Tuesday, the Federal Reserve slashed its federal funds rate target to between zero and 0.25 percent, down from 1 percent, a level that was already the lowest rate target in a half-century, and said it would take unprecedented moves in an effort to battle the financial crisis and deepening recession.

The Fed has now committed to increasing the money supply by expanding lending and injecting liquidity in efforts to make more credit available to consumers and businesses.
Lower interest rates can drive investors from a currency as they seek higher returns elsewhere.
In other New York currency trading, the dollar rose to 1.1997 Canadian dollars from 1.1987 late Wednesday, and slipped to 1.0754 Swiss francs from 1.0779.

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For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com, or you can [chat] with our representatives, you can also[request a call back]from one of our agents by sending us your contact number and the best time we can reach you.

Trade Systems On Forex

2008-12-17T12:43:00.000-08:00

Trading with brokers. Forex brokers, unlike equity brokers, do not take positions for themselves; they only service banks. Their roles are to bring together buyers and sellers in the market, to optimize the price they show to their customers and quickly, accurately, and faithfully executing the traders' orders.

The majority of the foreign exchange brokers execute business via phone using an open box system a microphone in front of the broker that continuously transmits everything he or she says on the direct phone lines to the speaker boxes in the banks. This way, all banks can hear all the deals being executed. 14 Because of the open box system used by brokers, a trader is able to hear all prices quoted; whether the bid was hit or the offer taken; and the following price. What the trader will not be able to hear is the amounts of particular bids and offers and the names of the banks showing the prices.

Prices are anonymous. The anonymity of the banks that are trading in the market ensures the market's efficiency, as all banks have a fair chance to trade.

[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"

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

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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

Dollar Lower vs Pound in Late Trading

2008-12-16T11:35:00.000-08:00

Dollar gives back some gains against the British pound in trading late Monday

The dollar fell against the pound in late New York trading Monday night. The pound rose to $1.5303 from $1.5253 in late afternoon trading on Monday.

On Friday afternoon, the pound was worth $1.4969.

[ForexGen Services]

Client Services
[Customer Support]
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[ForexGen Partnership]

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 large income sharing plan.
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Industrial Output Fell Less Than Expected in Nov.

2008-12-15T11:52:00.000-08:00

Industrial output fell in November as weakness in autos, other industries depressed activity

Industrial output fell slightly less than expected in November as manufacturers continued to suffer from weakness in autos and many other areas that is not expected to ease anytime soon.

The Federal Reserve reported Monday that industrial activity dropped by 0.6 percent in November. Economists expected a decline of 0.8 percent.

The manufacturing sector is suffering like the rest of the economy from the deepening recession, which has cut consumer demand for many products.

"Manufacturing production tanked in November and the data were even worse than they look," said Joel Naroff, chief economist at Naroff Economic Advisors. "The only industry that posted a gain was aircraft and that was only because Boeing started back up after the strike."

The 0.6 percent drop in November followed a revised 1.5 percent increase in October. However, that gain occurred after a 4.1 percent plunge in September, which represented the biggest one-month drop since a 5 percent decline in February 1946.

For November, manufacturing output was down 1.4 percent, reflecting a 2.8 percent decline in production at auto plants, the third drop in the past four months. Production fell by a huge 11 percent in August and 3.6 percent in October.

Detroit automakers last week got turned down in a bid for a bailout package from Congress when Senate Republicans insisted the auto unions agree to wage cuts. General Motors Corp., Chrysler LLC and Ford Motor Co. all are seeking assistance, but the prospects at GM are considered the most dire.

After a weekend trip to Iraq and Afghanistan, President George W. Bush told reporters on Air Force One on Monday that the administration would provide short-term government assistance, saying "an abrupt bankruptcy for autos would be devastating for the economy."

For November, output at aerospace factories, the category that includes airplane manufacturer Boeing Co., jumped by 12.8 percent after three straight months of declines.

A strike halted production at Boeing's commercial airplane factories for eight weeks before the Machinists union accepted a four-year contract and began returning to work on Nov. 2. The strike cut Boeing's revenues by more than $100 million a day and forced subcontractors worldwide to lay off workers.

Output at the nation's mines, a category that includes oil and gas production, increased by 2.5 percent in November following an even bigger 7.2 percent rise in October. The October gain followed a 9.5 percent plunge in September as production along the Gulf Coast was disrupted by the September hurricanes.

Production at the nation's utilities rose by 1.6 percent in November following a 0.7 percent increase in October.

The Fed said the rebound following the end of the Boeing strike and the hurricanes added almost 1 percentage point to industrial production in November.

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German Government to Draft Economy Plan in January

2008-12-14T18:47:00.000-08:00

German government will wait till late January to finalize new economic stimulus plans

The German government said Sunday it will wait until late January to finalize plans for guiding the European Union's biggest economy through the financial crisis.

"We have agreed in the meantime to do our homework and then, at the end of January, to decide what more needs to be done," Economy Minister Michael Glos told reporters after a summit of government ministers, business executives and labor leaders called by Chancellor Angela Merkel.

Participants discussed government-led infrastructure projects among possible tools for economic stimulus, but reached no concrete agreements at what Merkel said was the first in a series of meetings.

Merkel told reporters before the summit began at her offices in Berlin that she would press for "collective accountability" on any new plan her government might employ to avoid economic catastrophe.

Merkel's critics at home and abroad say her response to the economic crisis has been far too cautious.

Paul Krugman, a Princeton University professor and New York Times columnist who accepted the Nobel prize in economics Wednesday, joined that list of detractors this weekend in an interview with Germany's Der Spiegel magazine.

"They are misjudging the severity of the economic crisis and wasting valuable time," Spiegel quoted Krugman as saying of Merkel and Finance Minister Peer Steinbrueck.

Merkel and her representatives have defended the government's existing stimulus package, which is expected to cost 23 billion euros ($31 billion) and trigger investments of up to 50 billion euros, as one of the strongest in the EU.

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Playing Gold's Strength With ETFs

2008-12-12T13:34:00.000-08:00

During the investing bizzaro world that has been 2008, the phrase "perfect storm" has been used to describe unanticipated market events more often than Cramer has declared "Boo-Yah!" on CNBC's Mad Money. I didn't mind the metaphor's use back in September 2007, when Lehman began bursting into flames, but 15 months later... Investors should accept that multiple unforeseen and detrimental events can both occur simultaneously and persist for long periods. Once investors acknowledge these truths, they can move on and profit from them.

For instance, one atypical event--no weather references here--in the commodities futures markets has garnered our attention recently. On Dec. 2, for the first time ever--yes, ever--the gold market went into backwardation. For the uninitiated, backwardation is an event where the price for more distant future delivery of a good is priced lower than near-term delivery. Gold spot prices--or the price you could fetch at this given instant--have always traded at a discount to the near-month futures contract. This is far from true with other commodities, such as industrial metals like copper and consumable goods like oil, where slightest hint of a temporary supply disruption can flip the futures curve shape in an instant.

Much of gold's persistent contango--the event when spot prices trail futures prices--has to do with its inertness. Gold is rarely consumed and is typically held merely as a store of value. The above-ground stocks of gold, presumably available for disinvestment at all time, are about 60 times greater than its annual production of about 2,500 metric tons. Unlike any other commodity, most of the gold that has been mined throughout the ages is still out there somewhere. At an estimated 150,000 metric tons, this above-ground stock of gold with most visible portions in private hands or tucked away in central bank vaults dwarfs the annual production.

So how do we interpret this unique backwardation event? Frankly, the simple answer is that physical demand is being met only by higher prices as those that possess physical gold appear to be more reluctant to part with their hoard today than they may be in the future. Although this does not imply that the gold market will be in permanent backwardation as carrying costs (interest rates) realign to historical norms, we still wonder why it is that gold is now dearer in the face of what could turn out to be, according to many, a major deflationary environment ahead.

Historically, gold has assumed the role of an inflationary hedge. Accordingly, gold bugs have been telling us that the strength of gold prices recently reflects the enormous sums of money that are being printed to bail out the failing financial institutions. The inflationary implication of such fiat sums of money is clear-cut to gold bugs based on what economist Milton Friedman taught us; inflation is a monetary phenomenon. Some use charts showing how the supply of money, having gone through the roof lately, is the precursor to runaway inflation ahead. However, the flaw with that rationale may be its ignorance of the velocity of money, which has decelerated dramatically as well--a natural outcome of deleveraging. That's why it could be suggested that the deployment of monetary tools including reducing cost of money through the Fed window to prevent deflation is akin to pushing on a string. If the velocity of money is decelerating, we would expect nominal economic growth to remain anemic no matter which accommodative path the federal government utilizes--either printing much more money or dropping its overnight interbank interest rate to zero.

The case for gold in an inflationary environment was proved over several recessions experienced since the 1970s. But when we examine the last major deflationary recession, we have to go all the way back to the 1930s. Although gold was fixed for a long time at $20.67 per ounce, in 1934 a massive devaluation of the U.S. dollar coincided with gold's fixed price jumping to $35 per ounce. During this period of entrenched deflation, and in spite of the fixed price of metal, gold proxies saw dramatic price increases--New York Stock Exchange listed shares of Homestake Mining Company shares rose from about $4 to $500 from 1929 to 1935. The company operated for some 120 years until its flagship Homestake mine in Lead, S.D., ran out of economic reserves a few years ago and the company ceased to exist.

We are not suggesting that the stock prices of all gold companies are poised to soar at this point, but they are not likely to struggle, either. What we are arguing is that in either mode of general pricing instability--inflation or deflation--gold is making a strong case as a disaster hedge. Even those that sit in the "deflation today, inflation tomorrow" camp can look to establish their gold position today rather than trying to time the market. Look no further than comments by Ben Bernanke regarding how an effective cure for deflation is policy-dictated inflation:

"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934. The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation."

So how can you put all this theory into action? We think that one of the easiest ways for individual investors to get on the gilded bandwagon is through ETFs.

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European Central Banks Cuts 75bp to 2.50%

2008-12-04T16:48:00.000-08:00

European Central Banks Cuts 75bp to 2.50%, Euro-Dollar (EUR/USD) Pushes Above 1.2625

The European Central Bank lowered borrowing costs the most in its 10-year history as they cut the benchmark interest rate by 75bp to 2.50% from 3.25% as the economy heads in a recession. The central bank should continue to hold a dovish outlook going forward as price pressures alleviate, which could drag on the euro over the near-term. Meanwhile, the larger-than-expect rate cut failed to trigger a drop in the euro as the EUR/USD pushed higher to hold above 1.2625, but may face increased volatility over the next few hours of trading as investors eagerly await ECB President Trichet’s press conference scheduled for 13:30 GMT.

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BoE Cuts Rates by 100bps As Expected

2008-12-04T16:04:00.000-08:00

BoE Cuts Rates by 100bps As Expected But Signal More Action To Come As Credit Conditions Remain Difficult

The Bank of England cut their benchmark rate by 100 bps as was expected by economist bringing it to 2.00%. The Pound traded higher on the news reversing earlier losses as traders started to expect a more aggressive move given the dour fundamental data that has recently crossed the wires.

Talking Points
• Japanese Yen: Finds Support at 92.50
• Pound: BoE Cuts Rates By 100 bps
• Euro: Rate Decision Ahead
• US Dollar: Jabs Data On Tap

BoE Cuts Rates by 100bps As Expected But Signal More Action To Come As Credit Conditions Remain Difficult.

The Bank of England cut their benchmark rate by 100 bps as was expected by economist bringing it to 2.00%. The Pound traded higher on the news reversing earlier losses as traders started to expect a more aggressive move given the dour fundamental data that has recently crossed the wires. The release of the HBOS home price indicator showed that values drop another 2.6% in November which sent the pound below 1.4500 for the first time in over six years. Credit conditions remain tight which has kept the housing market from bottoming which has forced the central bank to take more measures to provide liquidity to the market.

The BoE in its post announcement remarks stated that its “unlikely that normal lending volume restored without action” as “money, credit market conditions extremely difficult”. The central bank said the consumer spending and business investment has stalled which has dragged the economy into a recession. The MPC expects inflation is likely top drop further with the possibility of it falling below its 2% target very likely. The comments signal that the central bank is not done taking action and more easing is very likely in the near-term which could lead the pound lower as markets digest the comments.

The Euro traded heavy in early trading falling to as low as 1.2549 before finding support. The Riksbank unexpected 175 bps rate cut led to the Euro dropping as speculation increased that the ECB would cut rates deeper than expected at today’s rate decision. The Swedish bank wasn’t scheduled to make a policy decision until December 17th and the preemptive move demonstrates how dire the circumstances are in Europe. The ECB is expected to cut rates by 50 bps at 12:45 GMT, but the possibility of a deeper cut has significantly increased. Indeed, the second reading of GDP for the third quarter remained at -0.2% confirming the region’s economy is in a technical recession and the lower revision of household consumption demonstrates the lack of confidence by the consumer. A more aggressive move could sink the Euro below support at 1.2330, the October 28th low with 1.2000 a possibility. However, if the central bank meets expectations and President Trichet demonstrates no intention to deviate from the MPC’s measured approach then we could see a bullish reaction with a break above 1.3000 a possibility.

The majority of the event risk for the dollar may hinge on the markets interpretation of the actions from the European central banks. The continued easing could brighten the outlook for the global economy sparking risk appetite and leading to dollar weakness. However, employment data may dampen demand for risk as jobless claims are expected to remain above 500,000 for the fourth week in a row. U.S. factory orders are expected to have fallen 4.5% in October adding to the evidence the frozen credit markets brought manufacturing activity to a halt. Despite the fundamental data headlines that GM and Chrysler are considering pre-arranged bankruptcy could have a major impact on risk appetite. The potential impact on the U.S. economy of two of the three major U.S. automakers falling into bankruptcy could send traders to the sidelines. However, the potential resolution to Detroit’s troubles could bring relief to traders, who dislike the unknown and spark bullish sentiment.

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British Pound Technical Outlook

2008-12-03T19:07:00.000-08:00

Looking in at the hourly chart, the GBPUSD rally from 1.4554 is clearly corrective. While this could be the beginning of a flat or triangle, it may also be a completed correction at 1.5539 that will lead to new lows. Further, the decline from 1.5539 counts well as an impulse.

A rally back to former resistance at 1.5073 would potentially complete wave ii within the bear cycle from 1.5539. 1.52 is the 61.8% of the decline from 1.5539. This scenario fits well with a EURUSD rally in wave e before resumption of weakness.

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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.

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[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.

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Euro Technical Outlook

2008-12-03T18:51:00.000-08:00

I am sticking with the triangle pattern. Triangles consist of 5 waves, a-b-c-d-e.

If a triangle is underway, then wave e is underway now (possibly complete at 1.2772) and will end as a spike above 1.2772. Resistance begins at 1.28 and extends as high as 1.30. Rallies into this zone should be sold.

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A Range Trade Opportunity Presents Itself In A USDCAD Trend Channel

2008-12-02T19:26:00.000-08:00

Range trades do not necessary have to be pulled from perfectly horizontal periods of congestion. Directional trend channels can be just as distinct and come with less breakout pressure thanks to their bullish or bearish bias. The USDCAD channel that has developed is particularly appealing.

Why Would USDCAD Stay in a Range?

· Levels to Watch:

-Range Top: 1.2575 (Trend, Fib)

-Range Bottom: 1.2300 (Trend, Fibs)

· After a couple of months of incredible volatility, USDCAD price action has settled back into a comfortable period of congestion. However, this stability is only six sessions old; so our expectations are reserved. Risk sentiment seems to be less of a driver for this pair (considering the tame dollar price action through yesterday); but scheduled data could be an issue. There are a few releases that are concerning, but Friday’s job numbers will be key.

· Congestion underlying USDCAD price action is not the traditional, horizontal range we usually follow. A clear ascending trend channel sets moving targets. Resistance is primarily found in the top of the rising trend channel, which may find confirmation in a notable Fib level. Support can be found at 1.23 as a hard level, but the channel will likely pull that higher.

Suggested Strategy

· Short: Half-size orders set below the channel top at 1.2550 if the daily bar close below 1.2575.

· Stop: An initial stop at 1.2615 is set purposely close to prevent a major loss on a breakout. To secure profit, move the stop on the second lot to breakeven when the first target hits.

· Target: The first objective equals risk (65) at 1.2485. The second target will be 1.2420.

Trading Tip – Range trades do not necessary have to be pulled from perfectly horizontal periods of congestion. Directional trend channels can be just as distinct and come with less breakout pressure thanks to their bullish or bearish bias. The USDCAD channel that has developed is particularly appealing. The ascending pattern is on a shorter time frame, has developed enough volatility to enter a trade and book profit in a relatively short time, and a breakout from the current spot price would come with plenty of warning. However, our suggested strategy does counter the dominant trend; so we have halved our order size. What’s more, though a reversal from the channel bottom would represent an even more appealing setup, we will defer any orders for a long position until spot nears this boundary to ensure price action would develop favorably. Our current strategy much come with a few limitations. We will only consider a short should USDCAD close the day within the channel boundaries. What’s more, all open order will be removed by Friday’s double labor report release.

Event Risk US And Canada

US – The US docket grows more intense as the week matures. However, the next piece of significant event risk is not due until Wednesday (potentially clearing the way for lower volatility until we are entered on our position). The combination of the ISM service sector report and the Fed’s Beige Book will give a good leading/lagging gauge on the US economies health. Market participants will be more interested in speculating on the eventual turn in the economy rather than interest rates at this point with the benchmark yielding only 100 basis points. Friday is key to the fundamental week. The non-farm payroll report is expected to report a massive loss of jobs through the past month (325,000 according to the Bloomberg consensus). This would be a discouraging number even if the market is pricing in a particularly harsh recession going forward.

Canada – Event risk from the Canadian docket could be potentially more market moving than the listings on the US docket. Through the rest of this week, we have two known market movers. Thursday’s Ivey PMI has proven itself to be an influential report in the past as a good gauge of business activity in the Canadian economy, which is then factored in as a growth report. However, with the market’s interests shifting, its impact this time around is questionable. The employment change will almost certainly hold a straightforward influence over price action. Used as an easy to read gauge of growth, this indicator will be measured against the US NFP reading to further leverage its impact. Any open orders will be immune to this risk, but live positions will still be threatened. And, if we are still in a position through the weekend, the following Tuesday’s BoC rate decision will almost certainly trigger another spurt of volatility.

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New Zealand Dollar Technical Outlook

2008-12-02T19:11:00.000-08:00

There is quintuple divergence with RSI on the daily NZDUSD chart, which warns of a reversal.

Last Friday’s inside day reinforces the potential reversal to the upside. Staying above .5186 keeps the short term trend bullish.

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Trading the Reserve Bank of New Zealand's Rate Decision

2008-12-02T18:49:00.000-08:00

NZD/USD:

October 2008 Reserve Bank of New Zealand Rate Decision

The RBNZ lowered the benchmark interest rate by 100bp to 6.50% from 7.50% – the largest reduction since the central bank began using the official cash rate in 1999. The extraordinary efforts taken on by Governor Alan Bollard suggests that economic conditions are deteriorating at a rapid pace as the economy slipped into a recession during the first half of the year, and policymakers may ease policy further over the coming months as growth prospects deteriorate. Dr. Bollard stated that ‘economic activity will be further constrained by these international developments,’ and went onto say that the central bank will ‘lower the rate further’ as price pressures alleviate. Falling oil prices have clearly helped to taper the upside risks for inflation, which could lead the RBNZ to hold a dovish outlook throughout the next year.

September 2008 Reserve Bank of New Zealand Rate Decision

The Reserve Bank of New Zealand lowered the benchmark interest rate to 7.50% from 8.00% despite expectations for a 25bp cut. Governor Alan Bollard reduced the cash rate by 50bp for the first time since the 2001 as the economy slipped into a recession during the first half of the year, citing that the bank is now ‘in a loosening mode.’ The downturn in the economy paired with fading demands from the global economy has led the central bank to push inflationary concerns to the backburner even as consumer price inflation reached 5.1% in the third quarter, which is higher than the 4.9% forecast anticipated by the central bank. Despite the uptick in prices, Dr. Bollard expects inflation to moderate over the next few quarters on the back of falling energy prices, and he may continue to hold a dovish outlook as concerns of a global recession intensify.

July 2008 Reserve Bank of New Zealand Rate Decision

The New Zealand central bank reduced its cash rate for the first time in five years by 25bp to 8.00%. The downturn in the housing and financial sector paired with a 0.3% contraction in second quarter GDP continues to fuel recessionary concerns for the economy. RBNZ Governor Alan Bollard stated that ‘economic activity is likely to remain weak over the reminder of 2008,’ and went onto say that the central bank would ‘lower rates further’ if the inflation outlook continues to improve. Dr. Bollard also noted that ‘unpleasant international news has emerged since the June statement and there is a risk that the domestic economy will slow further,’ fueling bearish sentiment for the New Zealand dollar. As a result, the Kiwi plunged after the release, generating a short position with a gain of 25bp.

How To Trade This Event Risk

The New Zealand dollar may face increased selling pressures over the next 24 hours of trading as the RBNZ is widely expected to lower the benchmark interest rate by 150bp to 5.00% from 6.50%. A Bloomberg News survey showed that 10 of the 17 economists polled expect the central bank to lower the key rate to 5.00%, whereas the remaining 7 economists forecast a 100bp cut to 5.50%. The downturn in the global economy paired with weakening demands for exports has clearly taken a toll on firms as business confidence fell to its lowest level in November since recordkeeping began in 1988, and conditions may only get worse as companies continue to scale back on production and employment. The New Zealand manufacturing index contracted for six consecutive months to reach a record low reading of 43.5 from 46.7 in September, while the unemployment rate surged to a five year high of 4.2% from 3.9% in the second quarter. Fading employment opportunities will continue to drag on growth despite the significant fall in energy costs as domestic demands waver. Retail spending fell 0.9% in the third quarter, followed by a 1.4% decline in the previous quarter, and may lead the Reserve Bank of New Zealand to ease policy further as price pressures alleviate. Falling oil prices have certainly helped to taper the upside risks for inflation, which should allow policymakers to hold a dovish outlook going forward. Moreover, RBNZ Governor Alan Bollard stated that he expects economic activity to remain subdued as growth prospects for the global economy deteriorates, and went on to say that ‘we would expect to lower the rate further’ as the outlook for inflation falls within the central bank’s 2% target for inflation. Policymakers expect headline reading for inflation to fall to 2.7% over the next two years as the economy contracts at a record pace, which could lead the reserve bank to ease policy well into the next year as the outlook for growth remains bleak.

Trading the given event risk may not be as clear cut as some of our other trades as market participants expect the RBNZ to aggressively lower borrowing costs over the near-term, so we would need to see a drastic shift in policy to consider a bullish outlook for the Australian dollar. Therefore, a rate reduction of less than 100bp paired with a neutral outlook for future policy would set the stage for a long NZDUSD trade, and we will look for a green, five minute candle following the release to confirm a long trade on two lots of the kiwi-dollar. Our initial stop will be placed at the nearby swing low (or reasonable distance), and this risk will determine our first target. Our second target will be based purely on discretion, and in order to preserve our profits, we will move the stop on the second lot to breakeven once the first trade reaches its target.

Nevertheless, deteriorating fundamentals paired with the drastic slowdown in the economy is likely to push the RBNZ to loosen monetary policy even further in order to ward off the downside risks to growth, and may continue to lower borrowing costs next year as the economy faces its worst recession in nearly a decade. As a result, dovish commentary following a 150+bp rate cut would favor a bearish outlook for the kiwi-dollar, and we will follow the same strategy as the long positions described above, just in reverse.

[ForexGen.com] is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, ForexGen is the best broker.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Why participate in the Forex Market

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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.

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Segregated Accounts With ForexGen

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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.

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Trade for a Living with ForexGen

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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
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Customer Agreement with ForexGen

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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.

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24hrOnline Forex Trading With ForexGen

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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.

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Forex Basics With ForexGen

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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.

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