The spread, calculated in "pips," is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Because currencies, unlike futures and stocks, are not traded through a central exchange, the spread can be different depending on the broker you use, so it's well worth checking a few out before you open an account. Lower spreads can help you save money!
Wide Range of Leverage Options
Forex trading allow you to take positions up to 100 times the value of your account. The leverage available in forex broker competition is one of the main advantages of this market, especially for futures and stock traders. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 200:1 means your broker would lend you $200 for every $1 of actual capital. Many brokerages offer a flexible margin policy that allows you to choose the leverage that's right for you.
Account Types
Many brokers offer two or more types of accounts.
Mini account is designed for those new to online currency trading and those with limited investment capital. There is a smaller deposit required to start trade of just $250 or less.
The Standard Account is for those investors who are experienced in trading forex. The standard account lets you trade at a variety of different leverages, but it requires a minimum initial capital of $2,500. Finally, premium accounts, which often require significant amounts of capital, let you use different amounts of leverage and often offer additional tools and services.
Trading Platform
All the forex brokers offer their own trading platforms. A good trading platform is the platform that you will use to search for your trades, receive information, execute your trades and manage your accounts. Some come as a complete package, a system that will handle all of your trading tasks. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems. A good trading platform will show you real-time information about your open positions, P&L, margin and account balances. Before committing forex broker competition, be sure to request free trials to test different trading platforms.
Support
Forex is a 24 hour market, so your forex broker competition should offer 24 hour support. You might not be trading at 4am, but that could be what time it is in forex broker competition head office on the other side of the planet, so make sure there will be somebody there to pick up the phone if things go wrong. The best way to test out the support is to call them up or email them a few times before you open an account. Make a nuisance of yourself - if they don't treat you with the respect and attention you deserve before you become a customer, it won't bode well for the future. You'll also want to find out if you can close positions over the phone - essential in case your PC or internet connection go down at a critical moment.
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 and crosses.
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.
Friday, November 28, 2008
ForexGen | Around the World & Around the Clock
Foreign Exchange trading is a 24-hour a day, 5 plus day a week market that trades from time zone to time zone around the globe. From 5:00 PM EST on Sunday to 4:00 PM EST on Friday, FXDD customers have real-time access to live trading prices. Comfort of consistent and constant liquidity gives our clients trading flexibility around the clock.
Top Technical Charting Capability
Fx trading platforms incorporate full charting packages with tic charts, and minute, hourly, daily and weekly charts. Chart types include candlestick, tic and bar charts. Bollinger Bands, Trend Lines, Moving Averages, Stochastic, MACD and Momentum can also be added.
Complete Security of Margined Funds
Being associated with a firm like FXDD, one that was founded by a global brokerage operation, gives our customers peace of mind. Client funds are not treated as segregated funds, are not insured and do not receive priority in the event of bankruptcy.
FX does not charge a commission on transactions executed on its standard retail platforms
The price you deal on is the "all in cost" to you. The cost of trading is built into the bid/offer spread. In addition, there are no hidden setup fees for opening an account. FXDD also offers commission based platforms for institutional quality accounts.
Redundant and Secure Applications
FXs trading platforms are fully redundant and secure applications. The applications were built with the latest technology to insure that you can enjoy un-interrupted service 24-hours a day. We also employ a multi-level security scheme that protects your information while maintaining confidentiality. forex broker competition is not responsible for system failures or latency caused by high trading volumes.
Multi-Language Capabilities
FX’s trading platforms are designed with multi-language capabilities. Introducing Brokers offer MetaTrader technology to global customers in 26 languages. representative today to begin customizing your language preferred platform
4 finding the top broker
Anyone who trades forex knows how difficult it was for their taste and methods. Here you will find some information to help you make a more informed decision.
Regulated Brokers
The Best Spreads
Transaction Costs
Platform
Customer Service
Information about each of these forex broker competition will help you trade better with more confidence. If you ever bought a car without test driving then, you may want to the next time you are looking for a car. As with the brokers, you can demo/practice/test their platforms and customer service even before you put any money in. These brokers know it can be difficult, but they want your business, so try every thing you can before you commit
ForexGen White Labels
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
Labels:
account,
forex broker competition,
forexgen,
funds,
the top broker,
trading
Thursday, November 27, 2008
ForexGen | how to make money with forex brokers( Forex tips and tricks)
Always keep your trading systems simple. Too much information at one time on your trading screen could confuse and delay your decision to trade.
Broker - A lotof Forex brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.
Sample the Environment - It is important to remember that many registered and online trading agents have fictitious platforms which mirror the real-time, live platform clients register and trade on. It is not only advisable, but it is also actively encouraged to initially open a ‘dummy’ account where fictitious Forex broker competition can be undertaken that closely reflect what real trades may be like when they are eventually undertaken. Such platforms are designed to give those that are new to Forex a feel and an idea what real trades on live markets will be like when the decision is made to begin trading.
Buy low, Sell high - Forex broker competition does not involve the physical purchase of the currencies, but rather involves contracts for amount and exchange rate of currency pairs. The potential for profit comes from the fluctuations in the currency exchange market. Regular daily fluctuations in the value of one currencyagainst another give a clear advantage over conventional stock market equities and instruments. See Trading Illustration Only
Manage Losing Positions - Trades will sometimes inevitably on occasion go against you. It is important to accept them as an inherent part of trading. Cut your losses and move on having learned from any mistakes made. Always remember however that you will not be able to trade without losing some positions. It is important to manage these well.
Patience- Do not over-trade your account. Good moneymanagement practice is important and will help with profitability. This will go a long way in helping you develop a strategywhich fits with your personal tradingcapital. Operate a trailing stop loss policy say 15 to 20 pips behind the trade. Minimize your good trades as long as you are confident.
Forex broker competition Don’t set yourself false targets and expectations. Experts will tell you trading is not an exact science and setting oneself unattainable targets will only lead to frustration and feeling of failure when these targets are not met.
Always maintain an open mind. The market is a constantly changing environment tunes your mindset to understand this.
And lastly but definitely not least, it is most important for all market participants to remember that unique experiences and past performances do not guarantee future results. Trading results can vary in any combination of circumstances. If you do not have extra capital that you can afford to lose, you should not trade in the foreign exchange market.
Invest wisely and take advantage of the resources and technology available to you in the market
ForexGen Live Accounts Contest
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,
Labels:
forex broker,
forex broker competition,
forexgen
ForexGen | Technical analysis of forex market and large number of technical indicators line studies
Technical analysis is research of market dynamics that is done mainly with the help of charts and with the purpose of forecasting future price development in different forex broker competition . Technical analysis comprises several approaches to the study of price movement which are interconnected in the framework of one harmonious theory. This type of analysis studies the price movement on the market by means of analyzing three market factors: price, volumes, and, in case of study of futures contracts’ market, of an open interest (number of open positions). Of these three factors the primary one for technical analysis is the prices, while the alterations of forex broker competition are studies mainly in order to confirm the correctness of the identified price trend. This technical theory, just like any theory, has its core postulates.
Technical analysts base their research on the following three axioms:
*Market movement considers everything
This is the most important postulate of technical analysis. It is crucial to understand it in order to grasp rightly the procedures of analysis. The gist of it is that any factor that influences the price of securities, whether economic, political, or psychological, has already been taken into account and reflected in the price chart. In other words, every price change is accompanied by a change in external forex broker competition. The main inference of this premise is the necessity to follow closely the price movements and analyze them. By means of analyzing price charts and multiple other indicators, a technical analyst comes to the point that the market itself shows to her/him the trend it will most likely follow.
This premise is in conflict with fundamental analysis where the attention is primarily paid to the study of factors, and later on, after the analysis of the factors, to conclusions as to the market trends are made. Thus, if the demand is higher than the supply, a fundamental analyst of forex broker competition will come to the conclusion that the price will grow. Technical analyst, however, makes her/his conclusions in the opposite sequence: since the price has grown, it means the demand is higher than the supply.
*The prices move with the trend
This assumption is the basis for all methods of technical analysis, as a market that moves in accordance with trends can be analyzed, unlike a chaotic market. The postulate that the price movement is a result of a trend has two effects. The first one implies that the current trend will most likely continue and will not reverse itself, thus, excluding disorderly chaotic movement of the market. The second one implies that the current trend will go on until the opposite trend sets in.
The history repeats itself
Technical analysis and studies of market dynamics are closely related to the studies of human psychology. Thus, the graphical price models identified and classified within the last hundred years depict core characteristics of the psychological state of the market. First of all, they show the moods currently prevailing in the market, whether bullish or bearish. Since these models worked in the past of forex broker competition we have reasons to suppose that they will work in the future, for they are based on human psychology which remains almost unchaged over years. We can reword the last postulate — the story repeats itself — in a slightly different way: the key to understanding the future lies in the studies of the past.
Forexgen Scalping Enabled Account
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.
Technical analysts base their research on the following three axioms:
*Market movement considers everything
This is the most important postulate of technical analysis. It is crucial to understand it in order to grasp rightly the procedures of analysis. The gist of it is that any factor that influences the price of securities, whether economic, political, or psychological, has already been taken into account and reflected in the price chart. In other words, every price change is accompanied by a change in external forex broker competition. The main inference of this premise is the necessity to follow closely the price movements and analyze them. By means of analyzing price charts and multiple other indicators, a technical analyst comes to the point that the market itself shows to her/him the trend it will most likely follow.
This premise is in conflict with fundamental analysis where the attention is primarily paid to the study of factors, and later on, after the analysis of the factors, to conclusions as to the market trends are made. Thus, if the demand is higher than the supply, a fundamental analyst of forex broker competition will come to the conclusion that the price will grow. Technical analyst, however, makes her/his conclusions in the opposite sequence: since the price has grown, it means the demand is higher than the supply.
*The prices move with the trend
This assumption is the basis for all methods of technical analysis, as a market that moves in accordance with trends can be analyzed, unlike a chaotic market. The postulate that the price movement is a result of a trend has two effects. The first one implies that the current trend will most likely continue and will not reverse itself, thus, excluding disorderly chaotic movement of the market. The second one implies that the current trend will go on until the opposite trend sets in.
The history repeats itself
Technical analysis and studies of market dynamics are closely related to the studies of human psychology. Thus, the graphical price models identified and classified within the last hundred years depict core characteristics of the psychological state of the market. First of all, they show the moods currently prevailing in the market, whether bullish or bearish. Since these models worked in the past of forex broker competition we have reasons to suppose that they will work in the future, for they are based on human psychology which remains almost unchaged over years. We can reword the last postulate — the story repeats itself — in a slightly different way: the key to understanding the future lies in the studies of the past.
Forexgen Scalping Enabled Account
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.
Labels:
forex broker competition,
forexgen,
market,
Technical analysis
Wednesday, November 26, 2008
ForexGen | Finding a forex broker and the different types of platform used
Finding a Forex broker with a nice and smoothly working website is becoming a difficult task for me. I thought that the website problems is only a feature of the new Forex brokers. But forex broker competition dissolved my delusions. It’s Forex brokers that is working on-line since 2001 and it stills offers some parody instead of the website to its clients. Forex Trading is Forex brokers with the MetaTrader platform and is aimed on the Muslim traders, offering no overnight interest or swaps on the trading accounts. It has a rather high minimum account size ($2,000) and above-the-average spreads (starting from 3 pips on EUR/USD). The only way to fund your trading account at forex broker competition Trading is wire transfer, the same is true for withdrawing the funds. Except for the poorly designed site this broker has also many complaints in other Forex-related communities. But staying in business for more than 7 years should probably weigh more than those complaints.
The Metatrader based platform offers you the deepest liquidity pool, institutional price feed* and excution provided by a bridge from Currenex, LavaFX and Goldman Sachs.
All traders in forex broker competition
news traders, swing traders, day traders and forex scalpers are welcome. Because your are dealing with an ECN (electronic currency network), there is no dealing desk, traders are not pulled out of trades and you do trade anonymously. All orders are routed automatically. Orders are executed based on best available interbank price. If you use "slippage control" and your specified maxixmum slippage has been reached, you will be requoted. This new quote can be accepted or rejected.
Spreads may widen or become tighter because of different market volatilityand forex broker competition
A margin (institutional platform) of 1% of 1 traded lot of USD100,000 doesn't necessary mean $1000. Only where the base currency is USD, like in USDJPY, USDCAD etc., it always is $1000. At an available margin of USD7.5K you can trade a max. of 7 lots of USD100K at a leverage of 100:1.
If the base currency is different, like in GBPUSD, the margin is depending on the currency rate. Example: If the currency rate of GBPUSD = 1.5000, this means a margin of $1,500 (1.5 x $1,000). At an available margin of USD7.5K you can trade max. 5 lots of USD100K at a leverage of 100:1. This is the same for all currency pairs where the GBP is the base currency. For all other base currencies you can use the same calculation method.
MetaTrader 4 Client Terminal has been created to provide trade operations and technical analysis in real time mode, when working at Forex, CFD, Futures financial markets. A wide range of orders allows flexible management of trading activities.
As well as many technical indicators and line studies , there is built-in language for trade strategies programming MetaQuotes Language 4 . Using this language, you can create Expert Advisors , Custom Indicators and Scripts . Expert Advisors can analyze the situation on the market, make decisions, put pending orders, and open positions in on-line mode without trader's participation. Custom Indicators, just like technical ones, can analyze the situation on the market and generate various signals. As for Scripts, they are designed for single execution of some actions
About ForexGen
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.
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.
ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.
Labels:
broker,
forex broker,
forex broker competition,
forexgen
Friday, November 21, 2008
Forexgen Forex Signal Software - Learn to Separate, the Good From the Bad
If you are looking to keep your portfolio profitable and attractive, Forex signal software can help you if you do not have the time to devote to the market on your own. Our favorite forex signal software can inform you when to invest,when to keep your current investments or to discard them.
The odds of whether or not you make a lot or take a loss on your investment can be boiled down to one simple thing, that being Forex signal software. When you first start out you will require time to gain the knowledge of when you should buy and sell. The chance that you may lose a good deal and the minimization of the learning curve are initial requirements for the software. This tool is required in order to keep track of price events in the foreign exchange market to give you money making signals.
Making informed decisions and developing the ability to examine trends with ease, can be obtained when you become familiar with the forex signal software. Not having to do the analysis yourself can make successful trading easier and less time consuming though. For people who want to start trading, getting the proper advance warning at the right time may be crucial.
Forex Killer is a form of forex trading software on the market. Inexperienced traders as well as those possessing a depth of experience but not much time are the target of this specific forex signal software. Not having to pay a regular fee to a company is benefit of this software. Since these systems were specifically designed to understand the market, missing an investment need not be a concern. You will not only be able to trade in all the major international currencies but also all the various world time zones.
Upgrades are included for the entire lifetime of the product, meaning you will never be stuck with an outdated or non-functional copy of the forex software. You will want to do this in order to keep up with the fast changes involved in currency trading. Otherwise, you will be left behind.
ProSignal is another popular form of forex signal software. The product states you will be able to turn a profit by trading within a matter of a few of hours. This program will require a fee because it is like a subscription rather than a one time purchase.
Various signal software that is given an advantage can be used by well over two hundred strategies. This gives you information on twenty-seven different types of currency, allowing you to stay up to date on any that you’re interested in.
A simple Internet search will allow you to find numerous amounts of forex signal software on the market today. Every one does the basic task of providing you with signals as to the best and worse trades that you can make. Inexperienced or experienced with a vast portfolio either way forex signal software makes trading a breeze.
There are seemingly endless benefits to be obtained from using forex signal software
Forexgen Scalping Enabled Account
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.
Labels:
forex,
forexgen,
good,
learn,
money,
separat,
separategood,
signalsoftware
Subscribe to:
Posts (Atom)