Don’t trade fast markets | ForexGen Tips

A fast market is where some important news has been released, and the market moves very quickly in response. This is not a good time to trade because you can’t be sure of prices really are, as reporting will tend to lag. This means that you could get some very unattractive order fills. Also, the market may over-react, and may reverse just as quickly once the news is assessed in more detail.

If you take a longer term perspective, you won’t need to be unduly concerned with very short term fluctuations in the market, so there will be no need to attempt to trade on releases of market information.

ForexGen 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.

Write down your reasons for entering a trade in ForexGen

We recommend that you write down the reasons that you entered each trade in a trading journal. This will help you clarify the reasons in your mind, leading to more objective trading. In addition, you can look back over your journal, and learn from your experience.

It is always tempting to take a quick profit, but successful FX traders cut losses short, and let profits run. Your system should give you a clear signal when to take a profit. If you take small profits, it is unlikely that you will make enough to cover the inevitable losses.

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

Develop your own trading system With ForexGen

Every successful trader uses a system. A system needs to tell you when to enter the market, how much risk you need to take in a position (which will determine your stop loss) and when to exit (it is unlikely that your system will be able to tell you what the exit point should be at the time when you enter a position).

A good trading system will result in average profits greater than average losses, with a manageable level of risk (measured by drawdown, or the maximum adverse impact on your account).

You need to develop your own trading system so that you can be confident of its effectiveness, and not be tempted to second guess it. We recommend against buying someone else’s system. We have seen a lot of systems that have been tested on past data, which was also used to develop the system. If a system is really good, it is unlikely that someone will sell it at a low price.

You can use the paper trading systems offered by some brokers to fine tune your system, and develop your own trading skills without risking your own money.

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.

Write down your reasons for entering a trade | ForexGen

ForexGen strives to give incomparable professional and individualized trading services.
As a professional online trading service, ForexGen provides several facilities for all kinds of traders.

We recommend that you write down the reasons that you entered each trade in a trading journal. This will help you clarify the reasons in your mind, leading to more objective trading. In addition, you can look back over your journal, and learn from your experience.

It is always tempting to take a quick profit, but successful FX traders cut losses short, and let profits run. Your system should give you a clear signal when to take a profit. If you take small profits, it is unlikely that you will make enough to cover the inevitable losses.

ForexGen Introduction To Forex Market

ForexGen introduces to all its users a free online academy that would aid them in either learning more about Forex market or in developing their strategies. It is a free academy available online; you can register and enjoy ForexGen services.

Let's first get to the introduction of Forex. FOREX is an international online currency exchange that was established in 1971. It is now the premier foreign currency exchange market in the world, with an average daily trading volume reaching as high as one and a half trillion. Three types of traders make use of FOREX-banks, individuals, and corporations. When they have needed to exchange currency online, FOREX Online Currency Trading is the number one place to do it.

Mostly people think that why should they do online currency trading with FOREX? The answer is that there are two basic reasons to do your online currency trading with FOREX. First and foremost, FOREX online currency trading is done to make a profit. Depending on the market, a bank, corporation, or individual can make a windfall profit through FOREX online currency trading. Another reason to do currency trading is to get into a secured position by eliminating trading risks arising from foreign exchange rate movement. In other words, FOREX online currency trading can help a bank, corporation, or individual to weather changes in foreign exchange rates by already having the foreign currency they need on hand.

ForexGen Advice For Forex Traders

ForexGen provides its users with a full explained market analysis, fundamental or technical. ForexGen news centre could be your guide in making your calculations and forecasts for the coming period, and helps in analyzing fundamentals.

There are many Forex related websites available over internet where traders can obtain any information, updates, support and advice on how to trade currencies. The Forex market is considered quite stable, safe and easy to understand to compare with stock exchange market for example. Trading currencies was never easier than it is now with all the tools available from your local brokers.
With specific strategies like stop loss and limit orders, people have no need to spend all day in front of their PC and watch currencies moving. Now we can place our orders and enjoy making money from global financial markets.

All we need is a little knowledge about the subject and internet connection to be part of world’s biggest financial market. However before you start to trade, make sure that you are equipped with all possible tools well thought approach to trading as it will take effort to succeed. Remember that it is as good place to lose money as it is to make it.

Subscribe now for ForexGen Feeds for free and get our latest updates. You can also Open A Demo Account and try ForexGen Services.

ForexGen Order Types

GTC (Good ‘til canceled)

A GTC order remains active in the market until you decide to cancel it.

Your broker will not cancel the order at any time.

GFD (Good for the day)

A GFD order remains active in the market until the end of the trading day.

Because foreign exchange is a 24-hour market, this usually means 5pm EST since that that's U.S. markets close.

OCO (Order cancels other)

An OCO order is a mixture of two limit and/or stop-loss orders.

Two orders with price and duration variables are placed above and below the current price.

When one of the orders is executed the other order is canceled.

Example: The price of EUR/USD is 1.2040. You want to either buy at 1.2095 over the resistance level in anticipation of a breakout or initiate a selling position if the price falls below 1.1985.

The understanding is that if 1.2095 is reached, you will buy order will be triggered and the 1.1985 sell order will be automatically canceled.

ForexGen Services | Forex Market

ForexGen Services If, for example, you think the US economy will continue to worsen and that will hurt the USD, ForexGen Institutional you click on BUY, which means that you are buying Euros and expecting them to go up against the USD.

If, ForexGen Customer Service for example, you think that there will be increased foreign demand for US assets such as equities and treasuries and that will benefit the USD, ForexGen platform features you click on SELL, ForexGen Customer Indicators which means that you are buying US dollars and expecting them to climb in value against the euro.

After Download ForexGen Platform

• Japanese government intervention to weaken their currency sends USD/JPY higher• Gains in Nikkei and demand for Japanese assets drive USD/JPY down Also watch ForexGen Promotion

Concepts of Forex Trading

This tutorial is about:

Currency Pairs.How to read Forex qoutes(Bid / Ask)Pip.Lot.Leverage.Day Trading \Rollover.
Currency Pairs

Different currencies are priced together in pairs.
The most commonly traded currency pairs are :

· EUR/USD - Euro/Dollar· USD/CHF - Dollar/ Swiss Franc· USD/JPY - Dollar /Yen· GBP/USD - Pound /Dollar· USD/CAD - Dollar/Canadian Dollar
The first currency is called the base currency and the second currency is the qoute or counter currency.A quote figure shows how much the base curreny is worth in the counter currency .
For example if EUR/ USD is quoted 1.023 it means that 1 Euro is worth 1.023 USD
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EarnForex - Forex Trading Information - Forex trading site EarnForex.com offers information about foreign exchange currency trading. Learn about Forex market, download free Forex e-books, read 150+ Forex articles, access useful Forex tools and download free expert advisers for MetaTrader4 trading platform.