RSS2.0

How to Make Money Fast through Forexgen

Tuesday, July 15, 2008




Foreign Exchange trading (also called Forex, FX, or currency trading) describes trading in the many currencies of the world. It is the largest and least regulated market providing the greatest liquidity to investors. Daily volume in the currency markets is around $1.5 trillion. By comparison, the NYSE daily volume averages $25 billion a day.
Forexgen provide the very best in Forex Training. We will teach you all aspects of the Forex trading world using the latest tools and software. You will learn to control your own order flow by using “state-of-the-art” Forex Trading Platforms with some of the best of breed Forex Dealers. You will learn how the Pros make money and learn the differences between Forex and equities trading. Decide for yourself which is the best instrument for you. Don’t be surprised to find that you can use BOTH in harmony
By attending forexgen academy, you will learn various forex trading strategies that will help you become successful in the trade. Forex trading systems work 24 hours a day so you can have your trade any time.for more informations.....
Do you want to have your investments and have 100% money back? If you want so, then be part of FOREXGEN ACADEMY.

Forex Currency Trading with forexgen


When entering the Forex currency trading system it is imperative that you devise the best Forex plan. This includes getting the best Forex education training you possibly can before jumping headfirst into the Forex currency trading system. This article will give you a guideline for devising the best Forex plan for fast profits with a proven Forex currency trading system that really works.
Recently, many people have become interested in forex currency trading online possibly because they heard of the large amounts of money that can be made. As a result, many big companies have now set up online currency trading operations. These websites are certainly of great help to anyone who is actually interested in learning about online Forex currency trading for themselves.for more informations…
For enclosing such an enormous amount of total turnover day after day, FOREX can be considered as a liquid market perfect for foreign currency trading. In contrast to other securities, foreign currency trading does not take place on a fixed exchange rate. In fact, currencies are traded largely between central banks, commercial banks, non-banking international corporations, hedge funds, and private investors and of course, the speculators.learn more….
In the past, smaller investors were not permitted to indulge in foreign currency trading for the reason that a large amount of deposit was required. However, in recent years, with the constant growth of the Internet and the rising competition level, smaller investors can take part in foreign currency trading as the requirement to trade in FOREX has been altered.read more…
There are a few reasons why foreign currency trading is beginning to draw more and more medium and smaller sized investors. One of the most important reasons is owing to the fact that FOREX trading operates at 24 hours a day, 5 days a week.
Learn more about forex trading systems with forexgen online brokerage.for more informations…

Why Forex Trading Continuously Grows with forexgen?


Learn How Traders Know Forex Moves Days in Advance! Get Free Forecastshttp://www.forexgen.com/

Forex trading is fast becoming one of the favorite profitable pastime of both professional and novice traders. Who can blame them? Forex trading, particularly online forex trading has made trading of foreign currency more exciting and less complicated. It has presented a lot of appealing trading options such as more available leverage, high liquidity, 24 hour trading accessibility and above all, very low trading costs.read more....
Professional traders are not the only ones that are interested in forex trading, even commercial organizations, especially those that engages in export and import business, also participate in forex trading. They need the currency exposure for their business. However in terms of turnovers, financial institutions still takes the lead. They are the big players and they are consisted of banks, brokers and the likes.learn more....
Nevertheless any investor is free to engage in forex trading, provided of course that they have the necessary knowledge on how to go about with the trading process.
Generally, foreign exchange is traded on margin. This means that the trader will only be required to deposit a small amount to control a much larger position in the forex trading market. So for instance if anyone wants to trade a million dollars, he would be required to give a ten thousand dollar security deposit. In order to achieve the one million dollars desired trade result, the ten thousand will have to be geared up a hundred times.
The best thing about forex trading is that it’s full of surprises. Let’s say for example there is a change of three percent in the underlying value of your trade, this will give you two possible results, either you gain a 300% profit or you lose 300% of your trade. This clearly shows the major risk involved in forex trading.learn more with
FOREXGEN ACADEMY

ForexGen Adioms


Forex Terminology:

Pip:
Every trader in the Foreign Exchange ‘FOREX’ hopes to make a profit from something called ‘PIP’. It may sound silly, but gains in pips can potentially make you over wealthy .Take your time with this information, as it is required knowledge for all Forex traders. Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.
What is a pip ?
Pips stands for ‘PERCENTAGE IN PIONTS’. In the Forex trading, a ‘PIP’ is a unit of measurement which represents the smallest change in the price of currency or a currency pair. In the stock markets this is a classified as a ‘POINT’. As a result, some folks refer to pips as points. Pips are the last decimal point in an exchange rate or currency pair. For the majority of currencies a ‘PIP’ is equal to 0.0001. This means that if you purchased USD/CHF at 1.2310 and sold at 1.2330, you made 20 pips .On the other hand, there are some currency pair exceptions. FOR EXAMPLE: The USD/JPY pair has only two decimal places making a pip equal 0.01. Therefore,
USD/JPY: 110.78 .01 divided by exchange rate = pip value .01 / 110.78= 0.0090269This looks like a very long number but later we will discuss lot size.
USD/CHF: 1.1227 .0001 divided by exchange rate = pip value .0001 /1.1227 = 0.0089070
USD/CAD: 1.2780 .0001 divided by exchange rate = pip value .0001 / 1.2780 = 0.0078247
In the case where the US Dollar is not quoted first and we want to get the US Dollar value, we have to add one more step.
GBP/USD: 1.9799 .0001 divided by exchange rate = pip valueSo .0001 / 1.9799 = GBP 0.0050507
But we need to get back to US dollars so we add another calculation which is
GBP x Exchange rate
So 0.00505076 x 1.9799 =0.0099998 When rounded up it would be 0.0001
Don’t worry, you don’t have to do that, but it’s really important for you to know how the Forex brokers will work this out. For more informations
What is a lot ?
The value of a pip changes based upon the size of your account, because the size of your account affects how much currency you can leverage. A standard full size account is 100,000 units of the base currency. If you are trading in USD, The Value of the ‘LOT’ in the standard account is $100.000.A mini ‘LOT’ is 10,000 units of the base currency. If you are trading mini ‘LOTS’, you can leverage $10,000.This is why a pip in a mini account is worth less than a pip in a standard account. Let’s assume we will be using a $10,000 lot size. We will now recalculate some examples to see how it affects the pip value.
USD/JPY at an exchange rate of 110.78(.01 / 110.78) x $10,000 = $0.092 per pipUSD/CHF at an exchange rate of 1.1227(.0001 / 1.1227) x $10,000 = $0.98 per pip.to learn more please click here
In cases where the US Dollar is not quoted first, the formula is slightly different.
GBP/USD at an exchange rate of 1.9799(.0001 / 1.9799) x GBP 10,000 = 0.50 x 1.9799 = $1 per pip
How do I calculate profits and losses?
When you close out a trade, you can calculate your profits and losses using the following formula:
Price (exchange rate) when selling the base currency - price when buying the base currency X transaction size = profit or loss Assume you buy Euros (EUR/USD) at 1.2178 and sell Euros at 1.2188. If the transaction size is 100,000 Euros, you will have a $100 profit.
($1.2188 - $1.2178) X 100,000 = $.001 X 100,000 = $100
Similarly, if you sell Euros (EUR/USD) at 1.2170 and buy Euros at 1.2180, you will have a $100 loss.
($1.2170 - $1.2180) X 100,000 = - $.001 X 100,000 = - $100
You can also calculate your unrealized profits and losses on open positions. Just substitute the current bid or ask rate for the action you will take when closing out the position. For example, if you bought Euros at 1.2178 and the current bid rate is 1.2173, you have an unrealized loss of $50.
($1.2173 - $1.2178) X 100,000 = - $.0005 X 100,000 = - $50
Similarly, if you sold Euros at 1.2170 and the current ask rate is 1.2165, you have an unrealized profit of $50.
($1.2170 - $1.2165) X 100,000 = $.0005 X 100,000 = $50
If the quote currency is not in US dollars, you will have to con- vert the profit or loss to US dollars at the dealer's rate. Further, if the dealer charges commissions or other fees, you must subtract those commissions and fees from your profits and add them to your losses to determine your true profits and losses.
Why forexgen?
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership. For more informations….
http://www.forexgen.com/