German Government Expects Contraction in 2009

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.