Your Guide to Learning a Forex Trading System with ForexGen

There are a great number of people in America that are interested in investing in order to make a tidy profit.

There are many ways to invest and many ways to make profits by investing. One method that has been gaining in popularity is that of the Forex trading system. If you are unsure of what this is, let me explain. Forex stands for foreign exchange. A Forex trading system is defined as the simultaneous exchange of one countries currency for another countries currency. If you would like more information, please let this be your guide to learning a Forex trading system.

The Forex trading system involves trading some of the world's most major currencies. These are: the dollar, yen, British pound, Swiss franc, and the Euro. The way the exchange rates of these types of currencies change is based on economic growth. An example: Sometimes the Dollar is worth more than the British pound because the United States was in a period of economic growth while Britain was on the decline. This can be because the unemployment rate was declining in the United States, while on the rise in Britain. Another example: the export rate is up in Asia so the yen is worth more than the Swiss franc where the export rate is down. Economic growth changes daily, so the value of these currencies changes daily. You need to learn to watch for these changes in order to make any money with the Forex trading system. Read more…

Learn about Trading Strategies with ForexGen

To be a successful FOREX trader you need a trading strategy. There is no one set strategy that is good for all traders; rather, each trader needs to develop his or her individual approach to the FOREX. Some traders rely solely on technical analysis while others prefer fundamental analysis,

but many successful FOREX traders use a combination of both to get a broad overview of the market and for plotting entry and exit points.

Technical analysis relies on one key concept: Prices move by trends. The common saying in FOREX is 'The trend is your friend.' Market movements have identifiable patterns that have been studied over many years and a thorough understanding of these trends and how they can be read forms the basis of a good trading strategy. Read more…

ForexGen Presents Trading Tools

There are many trading tools available to the FOREX trader for analyzing the market as well as for buying and selling currencies. Software tools are a necessary part of FOREX because of its volume and volatility. Software can be used to automate some of the trading procedures and safeguard against losses.

In order to make rational, successful trades, the FOREX trader needs information – lots of information. Current exchange rates are the tip of the iceberg – the trader needs historical data as well as current information about political and economic conditions that could affect currency prices. All this information is provided by ForexGen broker on its web sites. So it's important before deciding about a broker to try out a demo account at ForexGen's broker to see which tools are included as part of its trading system. Read more…

Forex Basics with ForexGen

To start getting income from foreign exchange market (Forex), you don’t need to have any financial experience. You just need to find your way in the multitude of possibilities offered for those looking for profit from national currencies rate variations. And ForexGen provides all beginners with an Academy of professional experts in forex. The point of classic Forex trade, meant to get a quick income, is simple (which hardly differs from other markets): you have to sell on higher price what you’ve bought on lower price. Read more…

Forex Training with ForexGen

The profitable trade on foreign exchange market (Forex) requires good professional skills and experience. The trade itself, of course, gives some of both, but to get them without having to lose a considerable part of your assets, better decision will be to look for help and consultation from recognized professionals.


That’s what ForexGen educational programs are for, including practical seminars, which allow both beginner and experienced traders guided by well recognized specialists of this area to master the art of international currency trade Here you can learn the methods and techniques of working with the market; can get assistance in mastering extra materials and Forex signals in your trade, discover any of the proposed tools, even giving you the possibility of using them together in a reasonable way. Read more…

Different Types of Forex Orders with ForexGen

A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each type of order is necessary to be a successful FOREX trader. Market Order – is an order to buy or sell at the current market price. They can be used to enter or exit a trade.

Market orders should be used with care because in fast-moving markets there may be a difference between the price seen at the time a market order is given and the actual price of the transaction. This is due to slippage – the amount the market moves in the few seconds between giving an order and having it executed. Slippage could result in a loss or gain of several pips.

Limit Order – is an order to buy or sell at a certain limit. They can be used to buy currency below the market price or sell currency above the market price. When buying, your order is executed when the market falls to your limit order price. When selling, your order is executed when the market rises to your limit order price. There is no slippage with limit orders.

Stop Order – is an order to buy above the market or to sell below the market. They are most commonly used as stop-loss orders to limit losses if the market moves contrary to what the trader expected. A stop-loss order will sell the currency if the market falls below the point set by the trader.

One Cancels the Other (OCO) – this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.

Learn about Forex Options with ForexGen

A currency option is a contract that gives the holder the right, but not the obligation to buy or sell a specified currency during a specific time period. It can be used to hedge a FOREX transaction and are a favoured method of reducing risk in companies that trade goods overseas.

There are two basic types of option: Call options and Put options. A call option gives the holder the right to buy a currency while a put option gives the holder the right to sell.

The worth of an option at expiry is equal to the value realised by the holder in exercising the option. If the holder gains nothing, the option is worth nothing. The value at any other time of the contract duration is the 'intrinsic value' – the value that can be realized if the holder exercises his option. Read more…

Forex Trade Sizes with ForexGen

FOREX currencies are traded in much smaller divisions than cash. Whereas the smallest division in US cash is the penny ($0.01), US currency can be traded on the FOREX in divisions of $0.0001. This smallest division is called the pip (short for Price Interest Point – sometimes just called 'points').

Since currencies are traded in large lots of (say) $100,000 - small movements in value can generate substantial profits and losses. In a lot of US$100,000 one pip is worth $10 so an increase in 40 pips (4/10 of one cent) can generate a profit or loss of $400.

Currencies are traded in lots of various sizes. The standard lot is 100,000 units of the base currency. A unit is the currency name e.g. one unit of US dollars is the dollar. So a standard lot of US currency is worth $100,000. FOREX trades can have lots of various sizes - a mini lot is 10,000 units, but the most trades are done using standard lots. Read more…

Trading on Margin with ForexGen

The key to FOREX popularity is margin. Without margin, the FOREX would be beyond the reach of the average investor. So, what exactly is margin and how does it work? Margin accounts allow FOREX traders to control large amounts of currency with a relatively small deposit.

Establishing a margin account with a FOREX broker enables you to borrow money from the broker to control currency lots which are usually worth $100,000. The amount of borrowing power your margin account gives you is the leverage. Leverage is usually expressed as a ratio – a leverage of 100:1 means you can control assets worth 100 times your deposit.

What this means in FOREX is that with a 1% margin account you can control standard lots of $100,000 with a $1,000 deposit. Trading on margin increases both profits and losses, and the potential exists for the trader to lose more than his original deposit. With proper safeguards, however, loss can be limited, and usually brokers will terminate a transaction that extends beyond the margin deposit. Read more…

ForexGen Explains Benefits of Trading on Margin

As we mentioned above, trading on margin gives you more buying power and the potential for more profits (and losses). How does this work, exactly? A 1% margin account allows you to control a currency lot of $100,000 for $1,000. When dealing with $100,000 small changes in the price of the currency can result in large profits or losses.

FOREX currencies are traded in much smaller units than cash. The American dollar, for example, is traded in units down to 4 decimal places. Instead of $1.32 FOREX quotes are seen as $1.3256. The smallest unit in FOREX currencies is called the pip, and when you have a $100,000 each pip of your total lot is worth $10 (when trading American dollars).

If the price of American dollars changes from 1.3256 to 1.3356, that's a difference of 100 pips which represents a profit or loss of $1000. Without margin, if you had $1000 of currency, the price change from 1.3256 to 1.3356 represents a difference of $10. Significant to the tourist, perhaps, but not the investor.

So the benefit of margin is increased profit potential. Read more…

ForexGen Explains Risks of Trading on Margin

As there is increased profit potential, there is also increased loss potential. If you are not careful, your entire margin account could quickly be wiped out. If your margin account is 1% and the currency moves just one cent against you, you lose $1000.

FOREX trading, however, has several methods to limit loss. Stop loss orders automatically close your position if the value of the currency crosses a pre-determined point. Stop loss orders allow you to limit your losses to a specified amount while still allowing potential profit taking.

An often overlooked risk is the possibility that your broker may close your position if your potential losses approach the balance of your margin account. You may be riding out a down trend with the expectations of a market reversal, but unless you replenish your margin account you may find your position has been closed. If this happens, you lose all of your margin. Read more…

ForexGen Introduces Forex Market

The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars).

In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency exchanges. Currencies became valued at 'floating' rates determined by supply and demand. The FOREX grew steadily throughout the 1970's, but with the technological advances of the 80's FOREX grew from trading levels of $70 billion a day to the current level of $1.5 trillion. Read more…

Education Program with ForexGen

ForexGen, in cooperation with E-market online, a leading online forex learning center, presents a series of online forex courses designed to guide beginners through the competitive world of Forex trading. This comprehensive, step-by-step approach to foreign exchange provides students with in-depth information, proper training, and useful resources - all the tools necessary for profitable trading.

With ForexGen, forex learning comes together with practicing: as students learn more about forex, they will be invited to put their knowledge into practice and put their skills to the test – all with no risk of course. Indeed, there is no better way to enter the forex market than through the ForexGen Demo Platform. As you absorb the information you will have learned, we will teach you how to trade and how to invest smartly on the FX market, in real market conditions. From the basics of forex to advanced trade orders and trading strategies, our learning programs will teach you the skills that make a good trader. Read more…

ForexGen Shows you How to Win

There is one problem that most forex traders fail to come to terms with and lose and its operating in an unstructured environment – this is the major underlying reason traders lose, so lets it explain it and its significance in more detail.

In normal society we confirm to rules and laws they govern our lives and those of our fellow citizens, were used to them and we conform to them.

When a forex trader trades, he has to operate in an unstructured environment and create his own rules to live and survive by.

This sounds easy enough to achieve, however nothing could be further from the truth – it’s very hard and most traders simply can’t achieve it.

Let’s take a closer look at the problems associated with operating in an unstructured environment. Read more…

Excellent Strategy with ForexGen

Said to be one of the largest exchange market the Forex market is also gaining popularity. The possibility of earning large profits adds to the traders appeal. Although trading in this market is not easy, it can be, provided one understands the Forex trading system. Even a planned investment can many times take a wrong turn. The investor has a bad day even after planning his actions. Nevertheless, this is of little concern to the Forex trader. Every trader in the Forex market knows that to keep the losses at a minimum the trader will have to use the trading signals and this can be done only and when the trader uses the Forex trading system. In this way, he will learn to survive the volatile investment market and brave investing again. The Forex trade allows the traders to conduct their trade in a rather emotionless manner. This is because the pre-determined guidelines that form the system make it an easy task. Read more…

ForexGen Introduces Currency Market

International currency market - Forex (from Foreign Exchange market) is the largest twenty-four-hour dynamically developing highly remunerative market in the world. The promising Margin Trading system is one of the most paying capital investing and business administering ways. Having originated in the 70-ies of the 20th century, it enabled a wide circle of progressive participants with not very big capitals to get income quickly by increasing the speed, turnover, number of deals and volume of trade. Trade with money for money and only for money (and these are the assets circulating on FoRex) has the lowest cost price of deals and the highest liquidity possible. Read more…

ForexGen Analytical Methods

"Forex indicators" is the name for a number of analytical methods applied to the trading system, whether its rules are called signals.

Certain functions represented by an indicator are taken from some time periods at the set time "window". There are six categories that indicators are divided into:

Trend indicators

Trend describes the direction in which the price moves during some period of time. Trend can move up, down and sideways. (E.g. Trend lines, Moving Averages)

Strength indicators

The data of market opinion intensity is described by market strength. It is carried out through analyzing market participants' positions. (E.g. Volume)

Volatility indicators

This indicator shows daily price movements despite their trend direction. So, prices changes are dependent on the volatility trend changes. (E.g. Bollinger Bands)

Cycle indicators

It indicates the cyclical fluctuations of the market caused by some unique or repeated events like elections or seasons. (E.g. Elliott Wave)

Support/resistance indicators

This indicator shows price showings at which market makes a repeated rise or fall and then returns to normal conditions. (E.g. Trend Lines)

Momentum indicators

The speed of price fluctuations during a certain period is described by the momentum. The beginning of the trend gives higher momentum values whether the end of the trend gives lower ones. An extreme price figures along with low momentum shows the end of the trend. Rising momentum and stable prices show possible inversion of the price direction. (E.g. Stochastic, MACD, RSI)

Types of Analysis with ForexGen

Nowadays many traders use both fundamental analysis and technical analysis. The technicians tell you about the broad market and its trends. The fundamentalists tell you if an issue has the "basics" for reaching your investment goals. Fundamental and Technical analysis are different in many points. There isn't clear answer, which method has gained more profit during a definite period of study. It's better to use the best ideas from each side. Then the result will be impressive. Read more…

The Forex Currency Pairs with ForexGen

Foreign Exchange trading is in general the trading of many currencies of the world. It is emerging as the largest and least regulated market providing the greatest liquidity to investors.

This trading is always done in pairs – Currency Pairs, one currency is bought and the other is sold. Together, they make up what is known as the "exchange rate".

Most commonly traded currencies or the “majors” are:

US Dollar (USD)
Japanese Yen (JPY)
Euro (EUR)
British Pound (GBP)
Canadian Dollar (CAD)
Australian Dollar (AUD)
Swiss Franc (CHF)

Most commonly traded currency pairs are:

US Dollar and the Japanese Yen (USD/JPY)
Euro and US Dollar (EUR/USD)
US Dollar and Swiss franc (USD/CHF)
British Pound and US Dollar (GBP/USD)

Learn more about Forex Market News with ForexGen at

www.forexgen.com

Developing a Forex Strategy with ForexGen

A fool-proof trading strategy can help you gain profit from day one in the Forex market. If you spend some time to study the market you will find some price patterns that recur consistently.

You can substantiate your observations with charts or graphs using a strategy builder software and then finally develop a strategy unique for your trading habits.

So developing a sound and effective trading strategy is the important foundation of the trading. You must develop working knowledge of technical analysis as well as knowledge of some of the more popular technical studies before deciding which is going to be the best strategy for you.

A trading strategy should optimize your risk with respect to the reward, or vise versa. It should have a disciplined method of limiting the risk and make the most out of favorable market moves. Read more…

A Simple Introduction to Forex Trading with ForexGen

Short for Foreign (currency) Exchange, Forex is the world’s biggest market for trading in currencies. As much as 2 trillion US dollars worth of currency are traded on the Forex on a daily basis. Compare this with the approximately 25 million US dollars traded on the NYSE and you’ll get the picture - Forex is huge.

So what is Forex all about? Simply put, Forex entails buying one currency, let’s say Turkish Lira, and selling another, say US Dollars. In Forex, currencies are always traded and quoted in pairs. The exchange is made through a broker.

Just like the stock market where you are investing in a company, with Forex you are in a way investing in a country. If your company is a success, the value of your stock goes up. Much the same principle is at work in Forex. If the economy of the country whose currency you are trading is robust, the value of that currency will also go up - and you can then sell it for a profit. Read more…

Automated Forex Trading - More Trades with ForexGen

This article is part of my ongoing evaluation of ForexGen’s Forex System Selector, a web based automated trading tool that allows the user to select one or more trading systems, and have them automatically traded against an account.

This is running against a one month demo account, which is funded with $100,000. Previous articles have given an overview of the product and the first trades. This article provides an update on trading performance to date.

In terms of the operational smoothness of the system, I can report that it continues to operate flawlessly. I am taking note of this because I have tried several other products that were unstable and continually lost server connectivity. The fact that this product is web based, and on ForexGen’s own server means that connectivity to ForexGen’s quotes and trade execution engine is well controlled. Read more…

World Currency Watch with ForexGen

The ECB's and BOE's rate decisions puts more wind to the back of EUR/GBP!

The Eurozone and the U.K. economies continue to diverge.

For years and years, these two economies followed each other up and down in "lock step". Then the credit/sub-prime crisis hit. This pushed the U.K. economy lower as they experienced the same things that America experienced: Hedge fund blow ups, banks struggling, housing prices falling, etc.

On the other hand, many other European banks didn't have as much exposure to "sub-prime" as did the "financial epicenter", the U.K.

So as these economies "de-linked" and continue to diverge, it's produced a heck of an uptrend in the EUR/GBP pair. Click on the chart to enlarge it below.

Learn more about Forex Market News with ForexGen at

www.forexgen.com

ForexGen Explains What Drove the US Dollar to a Record Low

The dollar continued to remain under pressure as the trade deficit increased in the month of February. Even though everyone was looking for the weaker dollar to help boost trade, I forecasted an increase in the deficit because the previous drop in the ISM manufacturing index told us that it would be weak (Forecasting News)

Jobless claims also dropped sharply but the improvement is primarily due to the Easter Calendar effect. I still expect claims for unemployment to rise especially since continuing claims remain at very high levels.

Not only is the US dollar trading at a record low against the Euro, but it also slipped below 7 Chinese Yuan. With this big psychological barrier breached, the G7’s criticism towards China’s currency regime will be limited.

Nothing has changed and if anything, ECB President Trichet has confirmed his hawkishness. US retail sales are due for release next week and with Linens ‘n Things joining Domain, Fortunoff, and Sharper Image in filing for bankruptcy protection, consumer spending will contract for another month. Crude oil and gasoline prices have also hit a record high which is going to hurt consumer spending further.

Learn more about Forex Market News with ForexGen at

www.forexgen.com

ForexGen Defines Forex

Unlike other financial markets that operate at a centralized location (i.e., the stock exchange), the worldwide Forex market does not have a central location. It is a global electronic network of banks, financial institutions and individual Forex traders, all involved in the buying and selling of national currencies. A major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world. Read more…

Forex Trading Terms

ForexGen has some of the most competitive Forex trading terms on the market today! Learn more about each of our trading terms below.

Minimum Initial Deposit – Open a live account with CMS with a low minimum initial deposit of $200.

Universal Accounts – Unlike many Forex brokers, CMS Forex allows you to trade both mini (10,000) and standard (100,000) lots under a single account.

Multi-Currency Accounts – Open an account in one of eight base currencies, allowing you to avoid exposure to exchange risk when depositing and withdrawing funds.

No Commission† – CMS charges no commission on your trades; we are compensated by the Bid/Ask spread.

Spread – CMS offers competitive fixed spreads on 19 currency pairs, even under volatile market conditions.

Order Processing – We pride ourselves on fast, fair, and reliable order execution. We fill your orders at the best available market prices in seconds.

Order Types – CMS Forex offers an array of effective order types that help you enter the market efficiently, manage your positions, and minimize losses.

Rollover Interest Policy – CMS Forex pays and charges clients rollover interest at competitive rollover rates for all open mini and standard positions.

Interest on Unused Margin‡ – CMS Forex offers our clients the benefit of earning interest on unused margin for accounts greater than $10,000 USD.

Leverage & Margin – CMS gives clients the opportunity to trade at a maximum leverage option of 400:1. Leverage may increase potential gains or losses on a given position.

Margin Calls – We have a policy in place to protect you from losing more money than you have in your account by automatically closing out positions that activate a margin call.

Hedging – Hedging a trade allows you to maintain both a long and a short position on the same currency pair at a given time, at no additional margin.

ForexGen ShowsThe Importance of Keeping a Log

How many times have you read a book or a post telling you to keep a trading log. But you don't. Or it isn't consistent or some other excuse.

The reason I believe that most traders don't keep a log (remember most traders don't make money either) is because it requires discipline. And it requires that you confront your trading - warts and all.

I've posted a copy of today's trading log for the ER2 and YM. You'll notice that there are 2 trades that shouldn't have been taken at all! Also you'll note I calculate my average winner, average loser, and my winning %. That tells me my expectancy. Also all my profits and losses are denominated in R values (that's risk values) not ticks or dollars. This keeps me honest. If I risk 20 ticks to make a 2 tick trade then I don't get "rewarded" for that. However if I make a 20 tick trade with a risk of only 2 ticks then I do.

By the way thanks to ForexGen for the inspiration for the grading system you see on this trading log. The idea is that for each of my trading components: 1) signal, 2) mechanics, 3) Position Sizing, 4) Trade Management, 5) and Exit mechanics I get a grade - just like school. Depending on how I handle each of those components. So at the end of the day I can quickly evaluate where my weak points were. Read more…

ForexGen Defines PIP

A point in Forex trading is referred to as a "pip". It is the last decimal place of a price quote.

Currency pairs are usually traded in standard Lots, which are equivalent to 100,000 units of the top currency in a pair. For example, 1 Lot of GBP/USD is eqivalant to 100,000 pounds. Standard lots can be traded in “mini” versions (0.1) and are equivalent to 10,000 units of the top currency pair.

Since the currency that is on the top of the price quote changes, i.e. 1 Lot of GBP/USD (100,000 Pounds) is worth more than 1 Lot of USD/CAD (100,000 Dollars), the value of a pip changes. Also, the size of a position will affect how much each pip is worth.

You can use our Pip Calculator to easily figure out how much each pip is worth for any pair, or size position.

To learn more about contract sizes and the use of leverage, see this part of our Forex Course.

The Mathematical Think-Tank with ForexGen

Cash exchange rates, an Over-The-Counter (OTC) instrument, has become an easy-profit tool for many private business ventures, calling themselves legitimate Forex brokers. However they promote it, the business model reeks.

Selling Fantasies

Every ad starts with some wild claims of something along the lines of “Make $5,000 a week sitting at home!”, “Easy money from Forex!”, or anything else with excessive amounts of exclamation marks, you get the drift. They entice people with fantasies where truth lies away in distance. Read more…

What is the truth with ForexGen?

Unlike centralized exchanges (e.g. NYSE, AMEX, CBOE, and etc.), OTC item prices settle upon agreement of two private parties, unregulated. The Forex brokers understand this and exploit it for profit.

These bucket shops trade against the clients, i.e. they serve as market makers and more often than not take the other side of trades against clients. They understand statistically that most financial market traders perform with negative expectancies, hence making trading against a losing crowd profitable business. This aslo explains why they target and welcome financial industry newbies so much.

What about the ones smart enough to eventually trade profitably? These brokers operate to preserve capital, and they resort to whatever means available and prevent consistent winnings off any client. Software disconnects, lagging/fraudulent price quotes, unfilled orders, or simply account banning have become some, certainly not all, common bucket-shop practices.

The above explains why most Forex brokers have incentives for clients to lose, and hence not legitimate. It has given Foreign Exchange trading a bad name, though it can become lucrative still, just not through the typical bucket-shops.

Forex Hedge Funds with ForexGen

Hedge funds gained their popularity in the U.S. but foreign markets are starting to catch on to the idea. Hedge funds are known for their secrecy and exemption from regulatory rules. This investment vehicle moving overseas only makes it more attractive. There are however a few concerns when thinking about FOREX hedge funds.

• Even less regulatory oversight
• Less legal protection against losses
• For now mostly meant to attract U.S. investors
• Still relatively new and untested

This is not meant to completely discourage FOREX hedge fund investing but to make you aware of the potential risks involved. Hedge funds typically require hundreds of thousands of dollars in initial investments and that would be no small loss in a new trend scam if that’s what your first FOREX hedge fund investment turned out to be. Read more…

Trend Analysis and The Forex Market with ForexGen

Trend analysis is an indispensable function of the successful Forex trader. Just like a good mechanic or carpenter, having the right tools in your toolbox will make all the difference in your ability to break down trends and trade in the direction of established trends. Following are some essential Forex trend analysis tools to include in your toolbox: Mark the trends using trend linesUsing multiple chart compressions, decide on the overall direction.Use moving averages to distinguish trend direction. Read more…

ForexGen Solutions

It's more important that I progress as a risk-aversed trader. For newer traders, it's very important for you to understand that learning methods to control your risk should be a priority. Making gains monetarily is obviously important but making gains and strides elsewhere are more important. When I first started trading mostly with demo accounts, I had some unbelievably profitable trades but my strategies were random and my risk and leverage too high. A lot of this is just pure luck and not going to take you to the next level. Your account balance shouldn't be used as a guage for success. Some questions to ask yourself to guage your success may be:

Have you managed to minimize your risk and maximize your reward?

Have you maintained consistency?

Have you been able to control your emotions?

Have you developed a complete trading system that you've been able to follow without deviation?

If you haven't been profitable, have you at least been able to turn those gushing drawdowns into slow bleeders?

For more information please contact us at

www.forexgen.com

ForexGen Opens Doors for Complaints

I haven't been able to make any progress monetarily in about a month. I'm up about 4% this month but breaking my account balance all-time high has been a struggle. I'm pretty much stuck where I was around this time last month. I'm not all that concerned and shouldn't be considering I was preaching patience a couple of days ago. It's just that every time I open my trading platform, the account balance is just staring me in the face. Read more…

Forex Trading Education with ForexGen

How To Learn Forex Trading To Become A Profitable Trader

If you are seeking to educate yourself about forex trading, most probably your main objective is to gain trading skills so that you are able to trade independently and to be able to create personal consistent wealth through forex trading. Most forex traders are independent traders or individuals who are trading from the comfort of their own homes and not institutional traders who are backed with large quantities of capital by commercial organisations or sponsored by large investing funds.

The distinction between private forex education and academic education

If you are an individual private forex trader, then what you need is a practical forex trading education that will encompass the practical aspects of trading and how to make money from your trades rather than an all comprehensive education involving the historical background of forex, the intricacies of price movements or the more mundane academic statistical studies of finance and currencies. So if you are someone entering into the forex market with the intention to make money from trading forex, then look for someone or a mentor or a trading course that can allow you to learn how to trade profitably.

As a wealth creator, this is what you should look out for in planning your own forex trading education or learning plan. Read more…

ForexGen Presents Help for Beginners

"Trader, Know Thyself"

It is important for you to research your own trading profile. By this, I suggest you should consider whether you wish to be a day trader, who will be trading several times a day and whether you are able to spend time on the trading terminal, watching prices or are you better placed as a swing trader who makes a trade within days or a long term position trader who cna hold a trade for several weeks. Each type of trader trades on a different time frame, and each method of trading is different. So you will need to zero down on the type of trading you wish to learn. Read more…

Manage Risk Profile with ForexGen

The second consideration is your personal risk profile. Are you an aggressive trader or a conservative trader? This is important form the aspect of forex education because you will not be able to fit into day trading forex if you are a conservative trader who is not looking for multiple trades a day. On the contrary, the aggressive trader will like to be proficient in day trading and learning how to trade as a forex day trader will be suitable for him. By knowing your own risk profile, you will be able to start in the correct direction finding a mentor or a trading course that is suitable for your own needs. Read more…

ForexGen Trading Platform

What has a forex trading platform to do with your forex education? Plenty! For one, the forex trading platform must be suitable to your trading methodology. This is because you will need the trading indicators in your charting interface of your trading platform. In learning to trade, you will need a suitable trading platform that contains the trading indicators you need to implement in the trading methodology. At the same time, you will need to practise your trading strategy and to work with a demo account. Read more…

Gaining Experience in Trading with ForexGen

Here is one secret that can shorten your learning curve as a forex trader. Get yourself a trade simulator and practise your trading methodology repeatedly till you are consistently profitable before you trade. Practice makes perfect, and you can pick up years of experience as a forex trader within weeks on a trade simulator with a large database of price movements. Read more…

ForexGen Mini Forex Trading Account

For the beginner trader, the use of a mini forex trading account will greatly reduce his risk as he puts into practise whatever he has learnt in forex trading. A mini forex trading account possesses more leverage and a trader can start to trade with very low capital, and therefore reduced risk. In that way, he can start to maintain discipline in trading without worrying too much on losing a big sum of money.

On the basis of these guidelines, it is possible for a person to craft or design an initial plan to acquire personal forex training and education so that he can become a professional or private forex trader.

For more information please contact us at

www.forexgen.com