ForexGen | Global Forex Trading

Simple, Short Introduction To FOREX | ForexGen

2008-09-25T06:02:00.000-07:00

A Short Introduction To FOREX

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.

Forex is the world's largest and most liquid trading market. Many consider Forex as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of Forex trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.

But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.

So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (Forex) means, what it is, and why it exists.

As a successful trader said, Trading Forex is like picking money up off the floor. Not trading Forex is like leaving it there for someone else to pick up." Others in the industry have also said, Trading Forex is like having an ATM machine on your own computer.

Here's an explanation (one I feel you'll appreciate) of what Forex is and how a bunch of traders, profit from it:

The Foreign Exchange Market, also referred to the "Forex" or "FX" market, is the spot (cash) market for currency.

But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.

What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.

So, you're probably wondering where it's at ... or ... how to access the FX market?

The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.

Here's what you are actually trading when you participate in the Foreign Exchange (Forex) market:

Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.

In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.

Example:

EUR/USD last trade 1.2850 — One Euro is worth $1.2850 US dollars.The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The Forex has a DAILY trading volume of around $1.5 trillion dollars — 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the Forex market every day and the Forex would still have more money left than the New York Stock exchange every day!

The Forex plays a vital role in the world economy and there will always be a tremendous need for the Forex. International trade increases as technology and communication increases. As long as there is international trade, there will be a Forex market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.

Winning in trading depends on using the right strategy and controlling all the moves. Trading strategies are discussed in details at ForexGen Academy.

History of FOREX Trading | ForexGen

2008-09-25T05:51:00.000-07:00

The History of FOREX Trading

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.

The origin of Forex trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon.

In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.

Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today's modern currencies.

Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in Forex market activity. From 1931 until 1973, the Forex market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the Forex markets during these times was little.

In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.

Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.

The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960's. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970's following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.

The last few decades have seen foreign exchange trading develop into the world's largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.

The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.

In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts, and live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one.

One Click Execution | ForexGen

2008-09-25T05:33:00.000-07:00

Online Forex

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.

Q1: When you consider that the foreign exchange market has become the world's largest financial market, with over $1.5 trillion USD traded daily, where does it go from here?

A1:The FX market is unique, in the UK there is no central exchange, we trade via the inter bank market. With more and more private individuals taking up margin trading and new forex brokers setting up, I can only see the market grow in the near future.

Q2: Other than great liquidity, what are the principal benefits attached to the forex market?

A2: There is less to consider when trading the forex markets, there are only a number of variables that affect the pricing.

Main advantages include:

Forex Market allows 24 hour trading

Greater leverage — with most brokers offering 100 — 1,

Less starting capital required,

More Liquidity — day trading has to have enough volume to make it worth our while. The currency market is more liquid than all the world stock markets put together. Currencies are always in action,

Free trading systems

Better for shorting — There are artificial controls built into the market to prevent it from going down too fast. The reason is that we live in a biased world that likes to see things go up instead of down. One of these artificial contraptions is the "uptick rule," which comes into play when shorting stocks, making it more difficult to sell a stock short than to buy it. This is unheard of in the currency market. Selling currencies short while day trading is just as easy as buying them.

Ideal for Short Term Traders

Q3: Limited market access, liquidity issues-after market hours, commission fees, capital requirements and short selling/stop restrictions are just some of the issues investors face when considering other markets. Given that the forex market removes many of these traditional barriers and therefore does not restrict the forex traders' ability to make a trade at the right time, are we likely to see an increase in trading volumes this year?

A3: With all these advantages, traders are finding it hard not to trade currencies, online trading volumes across all products is increasing at a substantial rate, however FX trading, predominantly amongst retail investors is becoming very popular.

Q4: There is stiff competition amongst online forex service providers for retail forex traders with some claiming to offer the same degree of technical analysis enjoyed by the world's largest banks and institutional traders. Is this possible?

A4: Technical Analysis has come a long way, more and more forex provides now have partnerships with firms who provide analysis. However the banks still have an advantage, the markets are still not under perfectly competitive economic model. The banks will always have access to information that is not readily available, ISX FX currently sources its information from a number of banks to fill this gap.

Q5: Do you subscribe to the theory that forex is less volatile than stocks because the market is much deeper?

A5: As a bet on the direction of a national economy, no currency has ever dropped 25 percent in a day, or imploded as rapidly and completely as an Enron or a Parmalat. In the wake of those scandals, many companies are meting out information more cautiously, making it harder to get the real "scoop" on stocks one problem of trading with too-high leverage is that one piece of surprise news can wipe out one's capital. If you treat forex trading like a business, including proper money management, you have a better chance of success."

Q6: U.S. interest rates-decade lows; global trade wars and terrorism fears have dominated the headlines recently. What impact has this had on retail volumes?

A6: The above factors have all led to a decline in the dollar. This coupled with tighter regulation of brokers has given investors more confidence in brokers. Also the stock market crash has driven individuals to look at the profit opportunities offered by forex.

Q7: Stateside the Commodity Futures Trading Commission (CFTC) has brought 58 actions against firms, since its new powers were awarded in 2000. Given that certain brokers continue to abuse the system, with investor money sometimes not being traded in the markets promised. What can investors do protect themselves?

A7: The retail forex market is in essence betting, as with any bookmaker there is always a risk that you will not get your winnings, or the odds will be highly stacked against you. With tighter regulation and increased competition, this risk of default has largely disappeared. The risk of price manipulation still exists and this will never really go away. Investors need to ensure that they have an independent price source and trade with a broker who offers true one click dealing. Most brokers work on the basis of the law of large numbers, acting like the bucket shops of 50 years ago, they do not hedge any positions and are directly competing against there clients. This will always lead to price manipulation and further actions by authorities will inevitably be taken.

Q8: What is this best way for "currency rookies" to get involved in the market?

A8: Like with any new form of trading you need to know what you are doing, especially as there is margin involved. Take all the time you need to learn this new trading skill well -- practice everything you learn with a demo account before you consider going 'live' with your own money. Investors should read books, attend seminars and paper trade until they are comfortable with there strategy.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts, and live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one.

Rollover And Swaps With ForexGen

2008-09-25T05:20:00.000-07:00

ForexGen Offers Free Swap Account

What Is Rollover Interest In The Forex Market?

ForexGen offers the swap-free accounts. Swaps will not be applied to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn.

In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies.

In accordance with international banking practices, Forex brokers automatically rolls over all open positions to the next date at 5 PM EST for settlement.

Rollover involves exchanging the position being held for a position expiring the following settlement date. For example, for trades executed on Monday, the value date is Wednesday.

However, if a position is opened on Monday and held overnight, the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest.

Trades with a value date that falls on a holiday will also incur or earn additional interest. Forex Traders can earn interest on rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved.

For instance, the primary interest rates in Great Britain are much higher than in Japan, so if a trader buys GBP, he/she will earn interest at 5 PM EST time. on the other hand, if he/she sells GBP in this currency pair, he/she will pay interest at 5 PM EST time.

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 Main Types Of Orders

2008-09-23T02:46:00.000-07:00

The 4 Main Types Of Orders In The Foreign Exchange Market

The term "order" refers to how you will enter or exit a trade. Here we discuss the different types of orders that can be placed into the foreign exchange market, and because ForexGen believes of the importance of having full knowledge of trading Forex. Be sure that you know which types of orders your broker accepts. Different brokers accept different types of orders.

Market Order

The simplest form of order is the market order in which the trader simply buys or sells a currency pair at the current market price. Because of the enormous size of the market and its high liquidity there is little if any delay or slippage in the market and market orders are in essence guaranteed.

Limit Order

A limit order allows the trader to set the price at which he wants to take his profit and close out his position. For example, where a trader has bought GBP/USD at 1.9450 he might place a limit order at 1.9465 so that, if the price rises to this level, his position would automatically be closed and he will take his profit.

Stop Loss Order

A stop loss order is another form of limit order but in this case it indicates the maximum loss which a trader is prepared to take. In our example above the trader could place a stop loss order at 1.9430 so that he would limit his losses to 20 pips if the market turned against him.

Entry Order

An entry orders is an order which is only filled when the market meets certain conditions which are specified in the order. An entry order can take the form of either a limit entry order or a stop entry order.
Limit Entry Order

Let's start by assuming that the market price for the GBP/USD is 1.9740-45. This means that a trader can enter the market to sell at 1.9740 or buy at 1.9745. A trader could place a limit entry order to sell above the current market price at a level of say 1.9750 and this order would then only be executed if the market price reached this point. Similarly, he could place an order to buy at a price below the current market price - in this case below the buying price of 1.9745. So, were the trader to place a limit entry order to buy at 1.9730 this order would only come into effect if the price dropped to this point.

A limit entry order is commonly used where a trader believes that a currency is trading within an upper and lower range and is expecting a reversal in the currency's price movement.

Stop Entry Order

A stop entry order is frequently used when a trader believes that a currency which has been trading within an upper and lower range is about to break out of that range and he wants to either buy at a price above the present market price or to sell at a price below the current market price.

Our GBP/USD trader above, who can enter the market to buy at 1.9740 or to sell at 1.9745, might place an order to sell at say 1.9735. In this case the trader believes that the currency will reach this level and then continue to fall. Alternatively, he might place an order to buy at say 1.9750 again believing that the market will reach this level and continue to move in the same direction.

A stop entry order is commonly brought into play when a trader foresees large movements in the market.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts, and live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one.

ForexGen Analyze Movements In The Forex Market

2008-09-23T02:39:00.000-07:00

How To Analyze Movements In The Forex Market

Like many other markets the Forex market is driven by supply and demand. When there is a demand for a currency its price rises and when there is an excessive supply of a currency its price falls. This may seem simple enough but unfortunately predicting movements in currency prices can be extremely difficult.

ForexGen studies past price and volume changes in order to build up simulations on future price movements. ForexGen's analysts mainly make use of charts and financial formulas to gather enough information used in technical price speculations.

Today there are two main methods used to predict movements in the Forex market:

Fundamental Analysis

Fundamental analysis was the dominant predictive tool in the Forex market until the mid 1980s, although it has since declined in popularity. Fundamental analysis focuses its attention on the political, social and economic factors which drive supply and demand and is based upon such things as interest rates, inflation, unemployment and economic growth rates. All of these different indicators are used to assess a currency's present performance and then to predict its future movement.

The problem with fundamental analysis is that the trader has to keep up with events and to analyze a huge amount of data. Additionally, there is a great deal of debate about just what data needs to be included in any fundamental analysis and how much weight should be put upon each of the different indicators.

One thing about which there is general agreement is that a country's balance of payments is key to fundamental analysis as it shows the flow of money in and out of the country. In theory, a balance of payments of zero will produce a stable price while a balance of payments deficit or surplus will cause the currency to fall or rise.

Technical Analysis

Technical analysis is based simply upon movements in currency prices and uses historical price data to predict future prices.

The main principle behind technical analysis is that history repeats itself and that price movements today merely follow well established patterns. The second principle is that it is not necessary to study current market information to predict movements in the market as this is already reflected in currency prices. It is simply the movement in prices themselves that needs to be studied in order to predict the direction in which prices are moving.

Technical analysis uses charts to provide a graphical representation of the market over time and allows the trader to identify trends in the pattern of price movements. There are various different charting techniques used today including such things as moving averages, oscillators, candlestick charts, Fibonacci retrace levels, Bollinger bands and others.

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.

ForexGen Calculating Interest On Forex Trades

2008-09-23T02:33:00.000-07:00

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.

One of the great things about Forex trading is your ability to trade using leverage, effectively borrowing sometimes as much as 1,000 times your capital to make a trade. But borrowing money for currency trading is exactly the same as borrowing money for any other purpose and you will have to pay interest on your loan.

Currency transactions involve both buying and selling currencies however and this means that interest payments due on money which you borrow to fund a sale can be offset by interest earned on the currency you buy. If this seems a bit confusing we will take a look at an example in a minute but, first, let's take a moment to look at the subject of interest rates in general to see the wider picture as it affects the foreign exchange market.

Central banks set interest rates to meet a country's monetary policy and interest rates raise or lower the cost of a currency. High interest rates will make it expensive to buy a currency and low interest rates will make a currency more affordable.

As an example of how interest rates are used imagine the government of a country with high inflation. With the price of goods and services rising rapidly, the government might decide to raise interest rates. This would increase the cost of the country's currency making borrowing more expensive and both demand and consumption fall. As demand begins to fall, so the rate at which prices rise will also begin to fall and inflation will come down.

In a similar fashion, a country experiencing recession might decide to lower interest rates in an effort to stimulate the economy into growth. As the cost of the currency falls, so too will the cost of borrowing and investors, companies and individuals will be enticed to borrow and thus spend more, increasing demand and stimulating supply to meet that increased demand.

The interest rates which are set by central banks also determine the rate at which the commercial banks can borrow from the government and the rate at which they lend to their customers, which of course includes foreign currency traders.

So how do interest rates impact Forex trades?

Imagine a trader who buys GBP/USD. In this case he needs to borrow US Dollars to buy UK Pounds and will both pay interest on the US Dollars he borrows and earn interest on the UK Pounds he buys.

As long as the Bank of England interest rate is higher for the UK Pound than the interest rate set for the US Dollar by the Federal Reserve, the trader has the opportunity to earn more in interest on his holding of UK Pounds that he is paying on the US Dollars he had borrowed.

In general however, unless the difference between the two interest rates is significant, any net gain or loss will usually be quite small. It also has to be remembered that interest rates are set at an annual rate and that most trading position are held open for only a short, or very short, period of time. This acts to lower any interest gained or paid significantly.

Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250. ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts. ForexGen will not charge a fee of per traded lot round turn.

ForexGen Profiting From Rising

2008-09-23T02:24:00.000-07:00

Forex Trading - Profiting From Rising and Falling Exchange Rates

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 easiest way to demonstrate the ability to profit from Forex trading as the exchange rate rises and falls is to look at some examples. Let's start by looking at how you might profit when exchange rates rise.

Let's assume that you believe that the UK Pound is going to rise against the US Dollar and that you can buy GBP/USD at 1.8730. We'll also assume that you are trading a standard InterBank lot of 100,000 so that 100,000 UK Pounds will cost 187,300 US Dollars.

To open a trade you start by borrowing 187,300 US Dollars, which you will have to repay when you close out your position.

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

[Note: We will not discuss the idea of borrowing to fund your Forex trading at this point but will simply note that the majority of trading is done using borrowed funds making use of leverage.]

Assuming that you are correct and that the UK Pound rises against the US Dollar and that the price moves 100 pips to a rate of 1.8830, the 100,000 UK Pounds which you purchased are now worth 188,300 US Dollars and you can close out your position and repay the original borrowing, leaving you with a profit of 1,000 US Dollars.

In real life of course it is not quite as simple as this because there will be transaction costs to pay. However, this does demonstrate the principle of profiting when exchange rate rise.

Now let's turn our attention to profiting when the exchange rate falls.

Assume this time that you believe that the UK Pound will fall against the US Dollar from its present rate of GBP/USD = 1.8730. In simple terms, you believe that the UK Pound is going to buy fewer US Dollars.

This time you will need to place a sell order for 100,000 UK Pounds at a cost of 187,300 US Dollars. In other words, you borrow 100,000 UK Pounds and sell them for 187,300 US Dollars.

Assuming once more that you are right and that the rate falls by 100 pips to GBP/USD = 1.8630, you can now close your position by buying back and repaying the 100,000 UK Pounds which you originally sold. In this case this will now cost you 186,300 US Dollars and you will once more make a profit of 1,000 US Dollars.

Again we have ignored any transaction costs to simply demonstrate the principle of profiting from a fall in exchange rates.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts, and live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one.

ForexGen SWAP-FREE ACCOUNTS

2008-06-20T00:46:00.000-07:00

ForexGen offers the swap-free accounts. Currency swaps will not apply to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn. ForexGen will invoke this right in case of suspicion of abuse.

Stop, limit Order Execution
Our dealing room always tries to execute top orders (sell stop, buy stop, sell limit and buy limit) at the indicated price unless in the market gaps where price changes at a sudden and it is impossible to fill you with the price that initially requested.
Our dealers always try to fill you at the best price that can be achieved.

Streamline Dealing
ForexGen’s clients buy and sell without a request for quote and that means ForexGen provides streamline dealing and tries hard to avoid requotes.
When clients try to take advantage of a wrong price quotes in the Market Watch, requotes take place.

ForexGen Introduces Forex Market & Investment

2008-06-20T00:45:00.000-07:00

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…

ForexGen Help Online

2008-06-20T00:44:00.000-07:00

Customer Support

We provide a full time assistance service to support our customer in dealing easily with ForexGen trader software. Even if you face any problem during downloading or setting up the software, we will help you overcoming it.
We provide the trader with full scale demonstrations and troubleshooting for technical problems

Calling the dealing room is restricted to placing orders, no support or help desk issues are permitted to be placed through the dealing room numbers. These numbers are extremely busy and only attended by dealers who will not handle any other kind of issues.

Request call back.
Please specify your details and comments or inquiry then we will contact you

We are committed to your privacy.

Visit our site at:

www.forexgen.com

ForexGen Presents FOREX Trade Solution

2008-06-20T00:42:00.002-07:00

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

Discover Forex Secrets with ForexGen

2008-06-20T00:42:00.001-07:00

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 newbie 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.

ForexGen Defines PIP

2008-06-20T00:41:00.001-07:00

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.

Forexgen Helps You Joining Forex Market

2008-06-20T00:40:00.000-07:00

• By going through all previous points, ForexGen reached to some certain findings that aim to give traders the possibility to participate in the Forex industry with potentials in actually gaining money from the market and not often losing, this can be done by introducing the concept of “Automated Trading System”.

• The goal of building this system is to replace the human involvement in trading and relieve the individual trader from the emotional, physical and psychological stresses of manual trading and the tedious monitoring responsibilities of running an expert advisor on a platform.

• The system offers huge capabilities for any kind of trader, it does not really matter if traders have an intensive experience and knowledge in the Forex markets or without any knowledge at all, the system will always tune itself to adapt traders who uses it, offering trading features far in excess of what human traders are capable of.

• The system offers traders an opportunity to trade the world currency markets 24 hours a day 5 days a week initiating trades on traders behalf according to the trader’s selected strategies in the signal entry and positions management, Utilizing an advanced and -state of the art- trading strategies that determines exactly where to buy and sell and how to maintain the opened positions.

Visit us at:

www. Forexgen.com

ForexGen Announces Opening England Branch

2008-06-20T00:39:00.001-07:00

ForexGen LTD offers the retail trader/investor, corporation, money manager and hedge fund a complete e-commerce solution for trading margined foreign currency in the interbank market.

ForexGen LLC provides real-time margin monitoring capability in our unique, easy-to-read format. We believe that our clients need to know exactly where they stand in real time so that educated trading decisions and expert trade selection can be accomplished.

Due to expanding the activities that ForexGen LLC provides, ForexGen Announce the opening of United Kingdom Branch

For even more reasons to use ForexGen LLC, please read about the benefits of trading through ForexGen LLC.

Join the rapidly growing list of traders and money managers who have discovered the advantages of foreign exchange trading for their clients and individual trading portfolios. We are certain that after you learn more about our products, our services, and try our full-featured demo, you will decide that ForexGen is the foreign exchange execution platform for you.

We also offer an introducing broker service for both small companies and individuals; this service has proved a popular and successful facility with our clients. The foreign currency trading conditions at ForexGen are among the best available online.

We offer highly competitive currency exchange rates and quotes for all our clients regardless of their trading capital. With instant execution, there's never been a better time to join the world of foreign currency trading. With our interactive website and regular updates you should have no trouble locating all your FOREX needs, be it services or information.

ForexGen LLC enjoys the reputation of being a reliable business partner and is successfully increasing our compliment of representatives and IBs world wide.

Find Out More About ForexGen And Services They Offer

World Currency Watch with ForexGen

2008-06-20T00:37:00.001-07:00

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.

Trend Analysis and The Forex Market with ForexGen

2008-06-20T00:36:00.000-07:00

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…

Meta Trader 4 provided by ForexGen

2008-02-05T21:52:00.000-08:00

The Forex charts are the point of interest at ForexGen. Charts are a significant technical analysis tool for a trader that wants to perform successful trading. Currency charts represent a single period of time and that period could range from one minute to one month to several years.

To open a new Forex chart:

• Right-click the Market Watch window, then select the Chart Window options
• press the Ctrl + W key combination
• through the menu options File > New Chart
• Or clicking on "New Chart button" on the toolbar.

Charts has the ability to be customized. Charting Forex package can be manipulated to appear in many different ways. There are kinds of Forex charts that show price action:

• Line Chart: The line chart is a graphical representation of the historical exchange rate of a certain currency pair in a given period of time. The line is established and drew according to the closing prices connection of the day.
• Bar Chart: The bar chart is a currency chart represents the currency price, forming vertical bars in a day (e.g. every 60 minutes). Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval).
• Candlestick Chart: The candlestick Forex charting is used to forecast the market. It represents OCHL prices as 'candlesticks' with a wick at each end. When the opening rate is higher than the closing rate the candlestick is 'solid'. When the closing rate exceeds the opening rate, the candlestick is 'hollow'. as a result of the colored bodies The candlestick provides a visual details more than any other chart.
•Point & figure charts: Point and figure patterns are essentially the same patterns found in bar charts but Xs and Os are used to market changes in price direction. In addition, point and figure charts make no use of time scales to indicate the particular day associated with certain price action.

ForexGen offers the most qualified Forex online trading platform which facilitates the online currency exchange services for different worldwide traders, companies and dealing centers

The major benefits of our platform:

• Following the current news of the Forex market
ForexGen online trading platform could accurately cover all the financial market situation, trading execution actions at Forex, futures and CFD markets.
• Variable currency basis
Variable currency could be exchanged where any currency could be considered as general currency in the whole online trading operation in all the countries with the their national currencies.
• Economy and productivity
Our trading platform enables implemented data transfer for their economy. It allows supporting great number of online currency exchange traders via a single server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB HDD. Using recent protocols decreases the requirements of the data link and their execution cost.
• Consistency ( dependability )
ForexGen platform offers a backup and restoration system to handle any damaging to the historical data. In addition, it supports a system which allows restoring the damaged historical databases in course of minutes using another server.
• Security
The whole information exchanged between the different parts of the system is encrypted by 128-bit key which assures the safety of the transferred data and prevents any other person form utilizing this data. To increase the security our system is a built-in DDos attacks guard system it also increases the stability of the server accessing.
• Provided by many languages
A Multilanguage Pack program is provided with ForexGen platform offering many languages where the trading platform interfaces could be translated to any language. Our Multilanguage pack enables the trader to build his language and integrate it into the platform. This multilingual service facilitates utilizing our trading platform to the worldwide trader.
• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the customization of the platform according to the trader's desire. API advantages are:
•Providing additional analyzers to recognize the increasing. movement of traders.
•Providing integrated application with the other system.
•Increasing the server accessibility.
•Creating its own system functionality management mechanism.
•So many benefits are provided.
• Utilizing the web services
ForexGen provides the integration with the web services to reach the most qualified online trading services (www, wap). Thus, it allows the real time quotations and charts on the trader's site. In addition, it provides changeable tables containing competitive prices.
• Flexibility of the system
ForexGen platform has the ability to be highly customized where the trader has the ability to set all the platform parameters including the dealing session time and many more properties of the trading instruments.
• Sub-administration
This feature permits several important introducing brokers easily just in only one server. One server only is needed in order to execute all the ibs orders and managing the Forex trader account.

The Market Watch window is a floating palette. It has the ability to be dragged anywhere on the screen. The Market Watch window which is also called the Quotes Window shows the current prices of the traded currency pairs and the currency market news in the currency market. It also permits quick dealing with any currency pair.

The Market Watch window item can be accessed using the menu items View > Market Watch or by pressing the Ctrl + M key combination. In addition, the Market Watch button on the toolbar allows showing or hiding the Market Watch window.

The trader can start trading just by double click the desired vehicle and the Order Form will be opened. The Order Form can also be accessed by right-clicking the desired currency pair then selecting New Order.

Easy Transactions with ForexGen

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ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Funds are accepted by wire transfer and e-gold payments.

Deposit of funds is made easy through our short online form in your account management section, click here for a quick access (needs login)

Account receivable funding could electronically funded by ForexGen after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.

ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.

ForexGen Indicators

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You want to create a cool custom indicator, but you do not have enough experience or resources to do it?

ForexGen offers you the chance of a life time by dedicating a team of experienced developers specialized in Forex market to give you assistance and support in your ideas

CIF (Correlated Indicators Factor)

-The CIF is an indicator based on the extensive efforts of our house experts using their experience in their concentrated search where they found that one indicator is not enough.

-The experts’ conclusion was that the CIF- mother of all indicators- is the only and the perfect solution that facilitates the manual trading which provides indications with the least risk. It is the trader’s perfect support for every faced obstruction.

-Our house experts categorize and make combinations of the trend, oscillators, bill Williams, volumes and other custom indicators, the CIF signal values is generated according to the indicators’ combinations depending on certain calculations, volumes and correlations between more than one indicator and according to a specified function that weights the indicators’ signal. The CIF values are represented graphically via four lines (short .middle, long, current).

Trading 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.

ForexGen LLC is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren't checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.

ForexGen LLC is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.

At ForexGen LLC filling the orders is instantly and accurate without difference between the quoted price and the execution price. In addition, Provided Stops and limits have no slippage. Generally we assure and guarantee that under all situations except the most unexpected volatile condition.

The bid and ask prices usually modified, to buy the client's ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don't allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.

ForexGen LLC Advanced trading tools are at the client's reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.

TRADING LIMITATIONS.
ForexGen LLC at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LLC, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LLC has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LLC if Customer is required to file any reports on positions.
ForexGen LLC preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties. This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.
ForexGen LLC Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:
- Illegal pip hunting.
- Illegal scalping.
- Multi IP login at the same time.
- Suspicious hedging of the same currency.
- Harmful strategies.
- Expert Advisor that are not approved by ForexGen.
- Security threatening activities.
- Any other hostile activities that threatens ForexGen, its customers, business partners and counter parties.

ForexGen LLC risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension.

ForexGen Customer Care

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ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.

ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Clients can contact ForexGen by using on of the following methods:

Global Phone Number.

Phone number: +1 212 4613 279

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

If you are not able to access the internet.
Failing to receive a confirmation on an online order.
Failing to connect to ForexGen server.

Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.

Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.
Determine weather the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.
Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . .".

Remark: The given price is un-negotiable. Traders have no permission to hang on the phone waiting for price changes. All phone calls are recorded to ensure the integrity of transactions.

Request call back.

Please specify your comments or inquiry and one of our customer support representatives will contact you shortly.

ForexGen Academy

2008-02-05T21:35:00.001-08:00

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.

Step 1: "Practice makes perfect"

Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.

Step 2: "Study, Study, Study".

Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.

Step 3: Manage your money wisely.

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

1) How much am I willing to risk?
2) What is my upside and downside potential?
3) What are the market conditions? (Is the market volatile or calm?)
4) What is the logic behind entering this trade?
5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.

Step 4: Open a Live Account.

If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.

We hope you enjoy trading with us and wish you the best of luck!

Introducing Broker with ForexGen

2008-02-05T21:34:00.001-08:00

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.

Instant order execution.
No dealing desk.
Low spreads.
Free qualified forex charting .
Real time streaming news.

ForexGen main focus is on our client's profitability and satisfaction which increase their online forex trading life time. At ForexGen the trader has the ability to spend most of the time controlling and performing their business rather than troubleshooting.

The most competitive trading conditions:

2 pips spread on six currency pairs.
Leverage of 200:1 leverage for accounts.
Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.
The minimum account size with a 250 US has the ability to execute a lot of trading lots.

Qualified and familiar multilingual platform!

Streamline dealing with no request for quote for up to 20 million.
The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.

White Label with ForexGen

2008-02-05T21:33:00.001-08:00

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Full White Label

We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.

Limited White Label

Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.

WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?

A Qualified and familiar online trading platform branded under each company name!

Streamline dealing with no request for quote for up to 200 lots (20 million).
Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
Constantly updated real time prices.
Real time charts with the most common indicators.
Daily account statement.
Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
Streaming news quotes provided by AFX News.
An attractive income sharing plan

Trading White Label enables our partners to charge their clients' commission for each traded lot.

They also have the ability to raise the spread for all or certain customers.

ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.

Commission is paid out every month.

Individualized service

ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.

White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.

White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.

A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
ForexGen leverage could be 200:1 on standard accounts.

The margin requirements on all accounts are:

Account Equity (US Dollars)	Initial Margin	Maintenance Margin end of each weekday (before 23:00 CET)	Maintenance Margin on Friday at 23:00 CET & before holidays
Less than 25,000	0.5%	No minimum required. Accounts are only stopped out at the stop out level.	0.5%
25,000 to 1,000,000	1%	No minimum required. Accounts are only stopped out at the stop out level.	1%
1,000,000 to 5,000,000	2%	2%	2%
5,000,000 to 10,000,000	3%	3%	3%
Above 10,000,000	5%	5%	5%

Getting Started page

Send us E-mail for the application and information packet. whitelabel@ForexGen.com
Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month

Favorable trading conditions

2 pips spread on six currency pairs.
Leverage of 200:1 leverage for accounts of up to $1 million US.
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.
The minimum account size is $2,000 US which allows trading of mini-lots.

Money Manager with ForexGen

2008-02-05T21:31:00.000-08:00

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.

Individualized services:

ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:

Up-To-Date RSS news feed.
Lowest spreads in the Forex Market.
Tremendous amount of Technical Indicator.
Fast order execution.

An Example for one of the Money Manager’s bonuses:

Deposit Amount (US Dollars)	Bonus	Added to
$50,000	$1,500	Master Account
$100,000	$3,000	Master Account
$250,000	$7,500	Master Account
$500,000	$15,000	Master Account
$1,000,000	$30,000	Master Account

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.

ForexGen Promotions

2008-02-05T21:17:00.000-08:00

Special Promotion for New Clients

Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.

Account Type

Free Cash Bonus

Mini Account

10% of your deposit

maximum $250

Standard Account

10% of your deposit

maximum $500

Open A New Live Account Now

To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, 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, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,

This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!

How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com including their "live Account Number".

By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:

First place: 50% of the account profit

Second place: 40% of the account profit

Third place: 30% of the account profit

Fourth place: 20% of the account profit

Fifth place: 10% of the account profit

(Profits will be added to the live account balance)

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.

Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly 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.

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, 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.

If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

Click here to refer a friend

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com, or you can talk with one of our representatives on the live chat.

Also, you can request a call back from one of our agents stating the best time we can call you back.

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

Trade the news without intervention or restrictions
Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.
Place scalping orders without intervention or restrictions.
A client-friendly trading environment, No re-quotes.
Ability to place orders inside the spread
Competing rates from multiple banks
Spreads are variable and can move sharply
Ideal for active or professional FX traders

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.