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…But to get a grip on currency rates, you need more than simple mathematics. First thing, you have to learn all definitions: Besides the correct meaning of terms “currency” and “rate”, you need to know what “quotation” means, along with “currency pair” (which consists of base and counter currencies). You need to know what are “point”, “spread”, “trend”, “position” etc. Every action on Forex market is preceded by an analysis. Depending on its functions, the analysis can be fundamental (when the economic dynamics of a country are being studied thoroughly, along with prognoses on its changes), or technical (when we apply a mathematic approach to the graphs of currency rate fluctuations).The trade on Forex market goes on twenty-four hours a day. Saturday and Sunday are traditionally considered days of rest. The same as for all the other markets, work on Forex market uses a certain set of strategies, methods and techniques. There are rules you have to try and follow, and there are things you shouldn’t do. Every market session (Asian, European and American) has its own law and established traditions, which you also have to learn about.And finally, for the trade on Forex market you need to use certain tools (software, papers etc.) without handling which the theoretical knowledge will be useless.
For more detailed information can be found in http://www.forexgen.com/

Forex Trading with ForexGen

FOREIGN EXCHANGE TRADING Forex (FOReign EXchange market) becomes one of the most attractive instruments for investment.Forex boundless opportunities, such as absolute liquidity, round-the-clock operation, global scale, up-to-datetechnologies have created a unique profession -Foreign Exchange Trader.However, the art of making money using Forex trading, despite its simplicity, is not an easy matter.Our resource gives You a chance to become not only forex professional, but achieve real SUCCESS.Every day we offer You particular recommendations in real trade and analytical articles on FOREX basic currency pairs.Includes live forex signals through SMS. Besides, a full version of our forecasts is at your disposal.
ForexGen publish daily surveys of analytical articles on the leading world. Moreover, we give specific recommendations on FOREX market for real trading.
The graph demonstrates the effectiveness of our recommendations. The deposit growth from the beginning of our analytical work up to now is shown there. The deposit growth is taken considering opening of 1 lot for every currency pair and 1 point costs $10.

On Line ForexGen

Some brokers are exceedingly distinguished people to their clients, but there are those that are not. ForexGen may work for insurance companies, real state, and even companies which supply trading systems. They are influential people which many individuals can rely on whenever they would need help of some sort. But a broker system differs.
ForexGen system has a principal function of supplying clients with trading platforms. Trading platforms are well-known as the place to trade. There are also forex broker systems which supply training and programs which educate clients on how to invest money and how forex trading is being completed.
The training that is provided by these broker systems help several trade investors to reduce risks whilst maximizing profits. Investors therefore are able to profit a lot from these broker systems due to the fact they may also be able to acquire forex advice, help, knowledge, currency analysis, stock, and the coming market. Some also supply trading ideas and daily picks from newsletters.
The final goal of ForexGen system is to make an investor succeed. And this can only be achieved with a system having accomplished professional teachers and advisors who are able to give directional market tuition and forex training.
Beginners of the trade should be made aware that forex trading is a high risk investment. The currency market offers a lot of opportunity to earn huge amounts of profits but at the same time coupled with a lot of risks. Currency trading can give you a fortune in minutes, days and hours. But the sad truth is that it can also be lost just at the same time.
Currency forecasting is not an easy task, which is why many traders should not forget to gain knowledge of the trade first before they decide on making a trade. An intensive forex trading course can help in the learning of all the in and outs of trading. The pros can supply you with the needed educational knowledge before entering the real world of forex.
You can find a complete forex trading course that is of reasonable cost either online or in a traditional class. Here in ForexGen, you can find easy free on line courses available for those who want to attend them.
Additional services are now provided by many broker systems to draw the attention of prospects and clients. Forex is considered as a sophisticated game, which is why you need a forex broker system.
Get scrolling updates and information for the individual currency trader. Professional traders repeatedly write newsletters that can be of good use by other forex traders, they will be able to supply information about technical and fundamental analysis. Set up alerts are sometimes provided to give traders certain ideas for them to make more money.
ForexGen systems are entrusted by many individuals to buy and/or sell on their behalf.
First, you would need to have an account before you can set up ForexGen system. You can find it online. You must know that there is no fees with ForexGen.
Online ForexGen broker systems provide different services, and it particularly is quick in buying or selling and automatic execution. The 'spread' is clearly identified, for it is the lowest pip spread in market 1 pip.
The margin terms are also of utmost consideration. Ask how margins are calculated and margin requirements.
The broker system should be trustworthy and its efficiency as to performance should not be questionable. The trading software used by the trader is quite indispensable, that is why you should first see all the available options for you. Take advantage of free demos, this will help you greatly in making an informed decision.
Check all the policies of ForexGen broker system. Read especially those in fine print; oftentimes it is the most important part that the investor fails to read.

Reading FOREX quotes with ForexGen

Each world currency is given a three letter code which is used in FOREX quotes. The most common currencies are USD (US dollars), EUR (European euros), GBP (United Kingdom pounds), AUD (Australian dollars), JPY (Japanese yen), CHF (Swiss francs) and CAD (Canadian dollars).
Prices of foreign exchange are indicated by FX quotes in pairs of currencies. The first currency is the 'base' and the second is the 'quote' currency. In this example:
USD/EUR = 0.8320
...the currency pair is US dollars and European euros. The base currency (USD) is always at '1' and the quote currency shows how much it costs to buy one unit of the base currency. In this example, 1 US dollar costs 0.8320 euros.
Conversely...
EUR/USD = 1.1993
...tells us that it costs 1.1993 US dollars to buy 1 euro.
When the price of the quote currency goes up it indicates that the base currency is becoming stronger – one unit of the base currency will buy more of the quote currency. If the quote currency falls, however, the base currency is becoming weaker.
Foreign Exchange quotes are seen in 'bid' and 'ask' prices. Bid is the price that buyers will pay for the base currency (while selling the quote currency), and ask is the price that sellers will sell the base currency (while buying the quote currency).
Symbol
Bid
Ask
USD/CAD
1.2329
1.2379
This chart tells us that we can buy one American dollar for 1.2379 Canadian dollars, or sell one American dollar for 1.2329 Canadian dollars. The most commonly traded currencies pairs are the 'Majors' – GBP/USD, EUR/USD, AUD/USD, USD/JPY, USD/CHF, and USD/CAD.
We often see exchange rates listed in cross currency charts that list many different currencies and their values against each other. An example of such a chart is seen here:


US $
Ca $
Euro
UK £
US $
1.00000
1.24070
0.83953
0.56807
Ca $
0.80600
1.00000
0.67657
0.45841
Euro
1.19114
1.47805
1.00000
0.67755
UK £
1.7603
2.18147
1.47591
1.00000
In this chart, the currencies listed down the left side of the chart are the base currencies and the currencies at the top are the quote currencies. We can convert the chart above into currency pairs by following the row beside the base currency. Using US dollars as the base currency we get the following currency pairs:
USD/CAD = 1.24070 USD/EUR = 0.83953 USD/GBP = 0.56807
...which tells us that one US dollar is equal to the corresponding value of the quote currency. To find the opposite pair e.g. CAD/USD follow the Canadian dollar row to the US dollar column - CAD/USD = 0.80600 (one Canadian dollar is worth 0.80600 US dollars).
There is no standard for cross-currency charts – some have the base currency on the top and some have it on the side. How to tell which is which? You need to know at least one pair of currencies and which one of the pair is more valuable.
Currency prices are determined by a number of factors, the most important of which are economic and political conditions in the issuing country. Political stability, inflation, and interest rates are all factored into the price of any currency. In addition, governments can try to control the price of their currency by either flooding the market (to lower the price) or buying extensively (to raise the price).
Because of the immense volume of FOREX, however, it is impossible for one force to control the market for any length of time. Market forces will prevail in the long run, making FOREX one of the most open and fair investment opportunities available.

ForexGen Presents Trading Tools

FOREX traders almost always rely on analysis to make plan their trading strategies. There are two basic types of FOREX analysis – technical and fundamental. This article will look at fundamental analysis and how it used in FOREX trading.
FOREX fundamental analysis refers to political and economic conditions
that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.
Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.
Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.
Indicators
Various indicators are released by government and academic sources. They are reliable measures of economic health and are followed by all sectors of the investment market. Indicators are usually released on a monthly basis but some are released weekly.
Two of the most important fundamental indicators are interest rates and international trade. Other indicators include the Consumer Price Index (CPI), Durable Goods Orders, Producer Price Index (PPI), Purchasing Manager's Index (PMI), and retail sales.
Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.
Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.
International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavourable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavourable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.
Other indicators include the CPI – a measurement of the cost of living, and the PPI – a measurement of the cost of producing goods. The GDP measures the value of all goods and services within a country, while the M2 Money Supply measures the total amount of all currency.
More than 40 indicators are used in ForexGen. Indicators have strong effects on financial markets so FOREX traders should be aware of them when preparing strategies. Up-to-date information is available on many websites and many FOREX brokers supply this information as part of their trading service.

Introducing Broker with ForexGen

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.

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.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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.

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.

White Label with ForexGen

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.

Money Manager with ForexGen

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 No Dealing Account

The minimum account size is $20,000. The recommended account size is $50,000. There is no maximum account size. No swaps or commissions. The lots available are standard and mini lots. The lot size is 100,000 unites for standard lot and 10,000 unites for mini lot. The leverage is 1:100. The trading symbols are 24 major and cross forex spots+ silver and gold. The spread majors and crosses are indicated by market. Approximate Pip Value for spots is $10 Per Pip-standard lot and $ 1-mini lot. News and charts appear directly on the platform. The lot margin is $ 1000-standard lot and $ 100- mini lot. The Trading execution is NDD (sells and buys by market)

ForexGen Premium Account

The premium account requires a mimimum deposit of $ 50,000. Recommended Account Size is 100,000. There is no Maximum Account Size . no swaps or commissions.the available lots are standard and mini lots. The lot size is 100,000 unites for standard lot and 10,000 unites for mini lot. The Leverage is 1:100. The Trading symbols are 24 major and cross forex spots+ silver and gold. Spread Majors are Fixed 0 pip spread in 10 pairs (EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY. The Spread Crosses are Fixed (3+ pips spread) . The approximate. Pip Value for spots is $10 Per Pip-standard lot and $ 1-mini lot. News & Charts appear directly on platform. Lot Margin is $ 1000-standard lot and $ 100- mini lot. Trading execution is available in Dealing Desk Enabled, OTC execution.

ForexGen Pro Account

The Pro Account requires minimum deposit of $ 5000. The Recommended Account Size is 20,000 . there is no maximum account size. Also there is no swaps or commissions. The lots available are standard and mini lots. The lot size is 100,000 unites for standard lot and 10,000 unites for mini lot. The leverage is 1:100. The trading symbols are 24 major and cross forex spots+ silver and gold. The spread majors are Fixed 1 pip spread in 10 pairs (EURUSD,USDJPY, AUDUSD, EURCHF, EURGBP,GBPUSD, USDCHF,USDCAD, CHFJPY,EURJPY). Approximate Pip Value for spots is $10 Per Pip-standard lot and $ 1-mini lot. News & Charts appear directly on platform. The Lot Margin is $ 1000-standard lot and $ 100- mini lot. Trading execution in Dealing Desk Enabled, OTC execution.

ForexGen Standard Account

ForexGen standard account is one of the most successful accounts. In order to open a standard account you have to fund a minmum deposit of at least $ 2500. Recommended Account Size is 10,000. There is no maximum account size .No swaps or commissions . you can trade through both standard and mini lots. Lot Size is 100,000 unites for standard lot and 10,000 unites for mini lot .The leverage is 1:100. Trading symbols are 24 major and cross forex spots+ silver and gold. Spread Majors are fixed 2 pips spread. Spread Crosses are fixed (3+ pips spread) . Approximate Pip Value for spots is $10 Per Pip-standard lot and $ 1-mini lot. News & Charts directly on platform appear directly on the platform. The lot margin is $ 1000-standard lot and $ 100- mini lot. Trading execution is Dealing Desk Enabled, OTC execution.

ForexGen Mini Account

In order to open a Mini Account , you should fund a minimum deposit of $ 250. The recommended account size is 1000. The maximum account size is $ 2500. No swap. No commissions. The lots available are micro and mini lots. The lot size is 1000 for the micro lot and 10,000 for the mini lot. The leverage is from 1:200 up to 1:500. Trading symbols are the 24 major and cross forex spots+ silver and gold. The spread majors is fixed 2 pips spreads. Spread Crosses is Fixed (3+ pips spread) . Approximate pip value spread for spreads is $ 1 per pip-mini lot and $ 0.1 per pip-micro lot. News & Charts appear directly on platform. Lot Margin : ($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500. Trading execution: Dealing Desk Enabled.