Friday, September 26, 2008

currency trading | ForexGen

Currencies are traded in dollar amounts called *lots* — One lot is equal to $1,000, which controls $100,000 in currency. You can control $100,000 worth of currency for only 1,000 dollars.
Currencies are always traded in pairs. The most popular currencies and their symbols are:

USD - The US Dollar

EUR - The currency of the European Union "EURO"

GBP - The British Pound

JPN - The Japanese Yen

CHF - The Swiss Franc

AUD - The Australian Dollar

CAD - The Canadian Dollar

A currency can’t be traded by itself, so you can't trade a EUR by itself. You always need to compare one currency with another currency to make a trade possible.
The most commonly traded currency pairs are:

EUR/USD Euro / US Dollar
"Euro"
USD/JPY US Dollar / Japanese Yen
"Dollar Yen"
GBP/USD British Pound / US Dollar
"Cable"
USD/CAD US Dollar / Canadian Dollar
"Dollar Canada"
AUD/USD Australian Dollar/US Dollar
"Aussie Dollar"
USD/CHF US Dollar / Swiss Franc
"Swissy"
EUR/JPY Euro / Japanese Yen
"Euro Yen"

The currency on the left is called the base currency. The currency on the right is the counter currency. For example, when you place an order to buy EUR/USD pair, you are actually buying the EUR and you are selling the USD. When you place an order to sell EUR/USD you are selling the EUR and you are buying the USD. Buying or selling a currency PAIR means buying or selling the base currency, and doing the opposite with the counter currency.
It means when you place trades you simply sell or buy the pair. The base/counter concept is only important for fundamental analysis.

Financial Freedom and Forex Currency Trading | ForexGen


Have you heard about forex? Do you know how currencies are traded? What are advantages and disadvantages of currency trading?
Let's first learn some basics about forex.
Good thing about currency trading is that you can’t lose more money than you placed.

forex

Of course, with the proper self-taught education you will win more often than lose, but you should know that despite the high leverage of forex currency trading (200:1 is possible, which means that when you put up $1 the trading vendor will allow you to trade it as if you have $200), it is still less risky than futures (commodities) trading. Because of the forex market's liquidity and twenty four hours continuous trading, dangerous trading gaps and limit moves are eliminated. You'll never lose more than you have in your currency trading account.

ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own. ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex.

Why Trade the FOREX? | ForexGen


Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.

My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.

So now, let's compare features of currency trading to those of stock and commodity trading.

Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.

Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.

Leverage — Depending on your Forex account size, your leverage may be 100:1, although there are Forex brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the Forex market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.

Trading costs — Transaction costs in the Forex market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.

Minimum investment — You can open a Forex trading account for as little as $300.00. It took $5,000 for me to open my futures trading account.

Focus — 85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely.

Trade execution — In the Forex market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent.

While all of these features make trading the Forex market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.

How to Save Yourself from Forex Scam | ForexGen


Forex trading is one of the best home based online business opportunity you can find today. The Big Sharks know that and use the demand for information about Forex market to get every possible dollar in their hands.

Who are they? The answer is always easy — Follow the Money. There is one player on currency market (and in every other market) who never loses his share in every single trade. Brokerage service on Forex trading is claimed to be commission free, right? But you always pay your minimum 3 to 10 pips fee on each trade. Where those 3 to 10 pips go? Make your best guess!

There is almost no chance for a person who has no idea for the forces driving the Info market to save himself from being robbed and abused by those well advertised money machines. You can see their banners on your e-mail provider. You can watch their infomercials on every TV channel.

Be aware about the presence of those Big Sharks and be sure that the information they will try to sell to you is always available for free online. Most of the time the quality and the real value of that free information is much better than the one you will be asked to pay for.

Here is the story of a good friend of mine. He was very excited about Forex when he first time heard about it. That happened to be on one of those popular free seminars, organized by one of the Big Sharks on that field. So he got the bite without paying attention for the hook in it. He went to the next level — two days training for $1,995, only.

He came back more excited. He opened Forex trading account on that seminar, using a special form provided by the Big Shark Company. They honestly declared that by doing that the broker agrees to pay them one pip from each trade made by the customer recruited by them.

My friend started real trading, constantly increasing the amount of his investment until he put all of his savings into that Forex trading account. Everything was fine until one beautiful day of October. On that day he got the news: his broker filed under chapter 11.

He was broke. I asked him how successful was his trading? His answer was that he actually lost 30% of his investment, from trading, only. He was able to realize know that the training was completely inefficient and not even close enough to start trading with real money.

Something big was missing here. He was missing the big picture in the entire game. His trading experience was very frustrating. After each trade he felt like just hit the wall with a car flying with 100 miles per hour.

A few days ago my friend called me on the phone. He was very enthusiastic about a new Forex training package, just delivered to him. I decided to check it by myself, too.

The package is very detailed. All the missing information about the big picture is there. More than 20 hours of free videos are revealing all you need to know about that business. Zooming towards Forex trading is very smooth and on the level every beginner and advanced trader will tremendously benefit of.

The one unbeatable and shocking advantage of this package is that it delivers information, priced from between $3,000 and $10,000, for free.

Finally we got something valuable about Forex trading, very professionally developed, for free.

Probably, that will put the Big Sharks business on hold for awhile, for the good sake to all of us.

So, be careful and keep an eye on the Internet unlimited free resources if you want to self yourself from the Forex scam.

Happy Forex trading!

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.

Making Money with Automatic Forex Trading Software | ForexGen


Money is used everyday. You use it to buy all the things necessary to make it possible to live your everyday life. You use money to purchase food, purchase gas for your car, pay for your utility bills and you use money to get your children the best education you can possibly give them.

It is a fact that money is one of the most important things in life. This is why there are trading systems available that trade world currency.

Forex is the most liquid and largest financial market in the world. This market literally operates 24 hours a day, seven days a week in the whole world with trillions of dollars being exchanged everyday.

If you are a trader, you would really want to consider trading in Forex. Besides, who wouldn’t want to trade in the largest financial market in the world? It is a fact that Forex can create the possibility for you to earn high amounts of income.

There is even Forex trading softwares available to help you with your Forex trades. This type of software can really help you make money in Forex by automatically buying and selling currencies for you.

If you are a speculator, Forex automatic trading software is the best software for you. You can choose which kind of software you want. In fact, when you sign up in an online Forex trading website, some of these websites can offer you free automatic trading software as a part of their promo by opening a Forex account with them.

However, this free software that websites offer you can just be a demo package with limited features. The website will usually require you to make an extra payment for the use of the full version of the software.

There are also different Forex trading softwares available in the internet for use or for download. You might want to try out the demo version first before you buy the full version. By doing this, you can try out different Forex trading software for free and determine which software you are most comfortable using. You should consider that as a Forex trader, getting an automatic Forex trading system is essential in today’s world of Forex trading.

There are mainly two types of automatic trading software available. One is the web based programs and the other is the desktop based programs. It is up to you to choose which program you want and is also up to you to determine which program is much easier to use in assisting you with your Forex trades.

Whether you choose an online-based or desktop-based Forex trading software, you have to know that the most important factor in using this software is the internet speed. It is recommended that you should have a high speed internet connection as a simple delay in information can cause losses.

In desktop-based software, the trading data is stored in your hard drive. However, you will be responsible for the security issues like hacking, viruses, and crashing hard drives. Therefore, it is essential to devote a single personal computer for trading Forex or using computers that are especially made for trading Forex, which can be expensive.

In web-based software, security issues are a problem the provider should take care of. Since there is no required software for you to download, it is much more convenient to trade. And, web-based Forex trading software is also much more convenient for Forex traders who travel a lot. This is because you can access your Forex account anytime and anywhere you are in the world as long as there is an active internet connection.

However, in web-based software, you have to pay a minimum monthly or annual fee for maintenance unlike in desktop-based software, you usually only have to pay a one time fee for download.

Both types of software has its own advantages and disadvantages, it is up to you to determine which kind of Forex trading software can benefit you most. Try to consider your lifestyle when it comes to choosing which software you need. For example, if you travel a lot and you need to access your Forex account frequently, then the web-based software is the right software for you.

These are the things you should consider when choosing Forex trading software. As much as possible, you should choose automatic Forex trading software to really get the benefits you want. Also, choose software that will include real time data streaming to keep you up to date with the different changes in the Forex market.

ForexGen now has a trading new client called MultiTerminal. The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously.

Monday, September 22, 2008

4 Simple Steps To Make 5 Figures Income from Trading Forex| ForexGen Tips


Unstoppable growing numbers of daily volume transaction added with availability of mini account have made Foreign Exchange trading become one of primary choose to materialize unlimited income.

What is mini account? In case you never heard about it, in essence, through mini account you can start trading currency with small capital as low as $300. This mini account has become standard in currency trading industry. So, no matter which broker you use, they would likely have mini account to offer to their customers as one avenue of trading vehicle.

The Gold-digger of New Century

Remember long times ago when Gold Rush infected entire United States nation? People from all ages and cultures went many thousands miles looked for gold. Spent whole days and nights dug from one river to one river, from one mountain to one mountain.

After decades, it seems once again Gold Rush comes again. But this time it is not just infected United States but a whole world.

The invention of World Wide Web has brought so many opportunities. Unlike 50 years ago, now people can do trading from the comfort of their bedroom. With just a few clicks you can make hundreds of thousands of dollars per year to spend in any way you like, now compare that with 10 hours per day tiresome MBA job.

With unemployment rate as high as now, you will get lucky if your MBA job even pay $50,000 per year. This brings even another venture such as currency trading becomes attractive avenue to choose.

How You Can Make Hundreds of Thousands of Dollars from Trading Currency

Have you ever wondered how there are 23 years old kid silently make hundreds of thousands of dollars trading while so many adult above his ages struggling even to cover monthly bill?

Because he has a system, he has a proven method to identify when to enter and when to exit. And the truth that is all you need to think when it comes to make five figures income from trading. It is so simple that a lot of people can”t believe it.

The truth you don”t need a master of finance degree from world-class university to make a living from trading.

All You Need is 4 Simple Steps

All you need is these 4 simple steps to create millions of dollars trading system:

Step 1 - identify the direction of the trend
Step 2 - identify when to enter the market
Step 3 - identify when to exit the market
Step 4 - Good money management

And my friend, that is all you need to figure out and you are on your way to holiday all of your life with pocket full of cash.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

What Is This Thing Called Forex? | ForexGen Tips


Forex trading is certainly becoming popular with currency traders. Although Foreign exchange trading can be confusing for newbie’’s the market still lures many people in because it has numerous advantages when compared to other types of trades. Forex trading is somewhat different from stock exchange markets and there are opportunities for those who take part in it. So let’’s answer the question - what is this thing called forex?

Foreign exchange trading or forex is the term used to describe the trading of the various currencies in the world. There is a special market for this called, unsurprisingly, the forex market. This trading does not happen at one location but through use of the telephone and networks, although there some main trading centres in major cities all over the world. The idea of forex trading is to buy one currency while at the same time selling another, so of course you must keep up to date on currency exchange rates. There exist several common currency combinations designed to get the most out of a trade.

These common exchanges are termed a cross. Here are two common terms that can help anybody who is starting out in forex trading. The term pips refers to the least amount a cross price quote can alter. The term spread refers to the price difference between the selling and buying price of the currency in question. As with anything in life that is worth doing it can take a fair bit of time and effort to learn thoroughly but it can be a fun ride.

The forex market is open 24/7 and is always busy with buyers and sellers almost always available, thanks to the telephone and other forms of electronic transmission. Forex trading, like other forms of trading, is a skill which has to be learnt. It takes a good deal of knowledge and concentration to prosper on the forex market, but the advantages entice many traders to invest in it.

Forex or foreign exchange trading is the world’’s largest trading market and the reason for this is the fact that it offers much more to buyers and sellers than any other market is able to. In the currency markets prices will rise and fall but they do not vary as much as they do in the stock market thus the foreign exchange market is stable when compared to other markets. If this is all new to you, I would suggest you get out there on the net and get researching the wonderful world of forex.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.