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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.
Sunday, November 18, 2007
Wednesday, November 14, 2007
ForexGen.com SCAM WARNING - Traders, Watch Out!
I know this will not help many who get blineded by the dream to profit big in forex for the first time, but novice traders, please read this so you don't get into the corner I found myself in, losing most of my money because this bastrad of all bastards who you call Felix, and i call demitri or the real brain behind all this scam, a guy called Bruce Hoffman from Texas(convicted for many fraud crimes and spent time in jail).
This little punch of people doing what at least can be described as organized crime, inlcuding many other identities like Rob, Grespi, Rick, Ghafour, Rasheid, Omar, and many more masks....all fake
They promote their signal service, fooling novice forex traders to count on them in trading the news. they have caused hundreds of people to lose big money. they even dare to promise you if you lose that they can blackmail the broker to get you your money back.They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not. Google for felix combined with Oanda, interbankFX, FXCM, Forex.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke.
See what I found about those bunch of crooks on the web, and don't ask me, I have been also burned by these theives.
The email sent by Felix the bastard:
"Hi there One of my full time forex trading buddies just had a serious problem happen. He had an account with www.Interbankfx.com with $620,000 of real money in it. They went through some "technical difficulties", executed a bunch of trades that he didn't execute, margin called him, e.t.c. Long story short, lost him $280,000 in a matter of days, because of "technical difficulties".
Then he spoke to the CEO of the company, who shook his hand, admitted that these were indeed technical difficulties, and he would take care of him.
Now, they are dropping the ball on him, saying that he is a beginner trader, and it was all his fault...I mean these guys opened some trades while this guy was out of town!
Having this website, I get a bunch of different complaining emails from people, and obviously I usually don't email about people's problems to you. But in all honesty, I know this guy very well personally, I've seen his account statements, and I know he is not bullshitting me. I mean this guy was making hundreds of thousands in forex, while I was still in high school, and didn't even know what the word forex meant. And by the way, it's not Tom or Rob...it's somebody else.
Here is the real reason why I am emailing you. This guy has a lawsuit going against Interbank FX right now, he already has a federal attorney involved, and he is trying to shut these suckers down, in addition to getting some of his money back.
If you had an account with Interbank FX, and you also feel you got "screwed" by them, then perhaps you could add yourself to the lawsuit, and recover some of your losses, and put an extra complaint against them to get them shut down.
If you want to get involved in this or have some other helpful information for my friend, please don't respond to this email, instead send an email with your story to interbankfxfraud@forexbastards.com
To Our Success!
-Felix Homogratus"
Posted by GreenField (Member # 2533) on June 20, 2006 02:45 PMJune 20, 2006 02:45 PM:
So now we hear from both sides, let us think about it, make good judgement, and do further research if we have to. Know the truth and the truth will set you free. Here is the email I got from Interbankfx:
Hello Mr. Chang,
I appreciate your comments and we have to say that we are saddened by the potential impact that lies and rumors can cause. To help you help us to combat these types of deceptions, we are providing you additional details which you can distribute. They are a summary of a 6 page response letter which was sent to Cashmonsterz clients.
Warm regards,
Javier H. Paz
Institutional Sales Director
A reckless and unprincipled trader named Carlos Roman, of Cashmonsterz, has apparently asked his buddy Dmitri (Felix) of www.forexbastards.com to defame Interbank FX. Carlos turned $370,000 into a $100,000 master account in a matter of days. His approach to trading was to max out the available margin of the master, to close the positive side of trades and let the open losses ride with the hope that the market would turn around.
In sideways markets this approach might work many times, but on May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide! After that point, the sub-accounts were on intensive care. He called multiple times asking us to cancel the trades with the promise of bringing more clients to us.
We told him we couldn't do this for him. To complicate matters further, he changed Pamm settings an average of once a day and kept on trading aggressively taking many accounts to a margin call situation
The more he changed the Pamm settings, the more difficult it was to perfectly hedge open positions.
Throughout this period, Interbank FX tried all within its power to make sure that subaccounts were hedged, but things evolved to a point were several subaccounts could no longer be hedged because they had fallen below the 100% margin level. Posted by stevegee58 (Member # 4086) on June 20, 2006 03:01 PMJune 20, 2006 03:01 PM My god.
If I'd been pushing trades with my *own* money to the max like that I'd be sh1tting my pants. If it was other people's money, I'd jump out a freaking window if I wasn't dead from a coronary already.
Posted by FisherKing (Member # 3924) on June 20, 2006 03:05 PMJune 20, 2006 03:05 PM: I'm going to have to believe Intebankfx on this one. Posted by Piprider (Member # 4331) on June 20, 2006 03:24 PMJune 20, 2006 03:24 PM: I will believe interbank fx too.
It looks like Mr. D u m b A s s was good enough to attract money from clients - good enough to feel it is a marketable enough skill to offer it in trade for having his dealer take the losses of the positions he accumulated but with money management skills equivalent to those of Danielgsx.
Then, he tries to mitigate the damage by trying to play on the public opinion's general distrust of market makers. He should have partnered up with someone who can really trade and relegated himself solely to the solicitation of funds from clients.
Instead, he took everyone to the crapper at lightspeed.
Posted by OrlandoFlyBoy (Member # 3974) on June 21, 2006 10:20 AMJune 21, 2006 10:20 AM: Well, I don't get it.
It appears that they are talking about two different things, but making it sound like the same thing. Was this a platform error that executed trades by itself, a newbee trader that traded badly, a managed account where the "manager" traded badly (without the account holder's permission, or against the wishes of how the account would be traded), or Interbank FX hedging that went haywire? Someone make it clear exactly what happened, in order, so that it is clear what the complaint is Posted by mobbbb (Member # 7422) on June 21, 2006 10:25 AMJune 21, 2006 10:25 AM: Maybe a gohst entered the trades and then vanished while the asset manager was gone ?
Posted by PIPCANADA26 (Member # 9133) on July 12, 2006 06:28 AMJuly 12, 2006 06:28 AM: I went to a conference provided by Interbank here in Canada and by the way some people mention this topic and the representative from InterbankFX did say The CEO Crosland was going to reimburse Cashmonsters Investors For this failures.
I wonder the same why Interbank doesn't just sue Cashmonsters? legally who can prove the truth will win but by the way, then if Cashmonsters is right then they could squiz the big bucks from Interbank for defamation if they have a failure that causes those losses and more than that for revaling the traders name.
Was a bit impossible for me to believe that a serious company can have such failure in their software but when I saw this letter from this executive Paz I understood must be right, when you don't have nothing to excuse you just have to be quiet, why then give explanations? When people asked what this PAMM in question is they explained works for Percentage Allocation Money Manager is used for professional traders who manage several accounts you can set to distribute by percentage or by lots, usually they said you set it once and never again.
Paz mention in his post Cashmonsters Trader Changed the Pamm every day. I want to believe that but I can't. Reason Simply.
when another assistant to this seminar asked why a trader would want to change every day the pamm settings he just said. "I don't know" again, I'm a lawyer and that for me indicates a lie. In the other hand I asked what "hedge" term means and found that is short and long the same currency in the same account then this phrase make no sense from Interbank: "May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide" Nobody gets forced to do nothing in Forex markets at least not even a new trader places a trade being forced by a Jedi Mind.
Making math 1.9000 - 600 pips= 1.8300 here is my Idea if this guy cashmonster is as good as everybody claim he was going to get not only those 600 pips back but maybe another 120 total 720 profit on the short side from the hedge, maybe such big earnings from Cashmonsters are not convenient from a company as Interbank plus trading with 620k I believe then is not hard to duplicate or triplicate an account. (I saw the pound as Paz Mentioned in his post and it went down to 1.8085 from 1.9000 that he claim is the top of the problem) As A lawyer I can say that if Interbank is right they can file a federal law suit against cashmonsters where they just need to proof they trade trying to loose money. The problem for Interbank is that as far as I can see Cashmonters has not made any comments or post as Interbank do a self defense.
They can not then complain Defamation. Here the Note from Zelli is good idea record your calls but that is illegal so wont be valid unless both sides agreed that both are being recorded. Then if interbank has Cashmonsters calls recorded they will win this case. I would love to hear Cashmonsters begging with the promises of more clients but I guess we wont see that. I wont open my possible self traded account with Interbank anymore and I wont open a managed account with Cashmonsters I would love to see who lies and who is honest but I want to trade I will open my account with Oanda and another one with FXSOL.
Any comments about FXSOL will be truly appreciated.Cashmonsters is famous for aggressive trading then 600 pips in question should be piece of cake for an aggressive trader, Interbank is famous for the 2 pips of spread and now for revealing names. I wonder then If Interbank detected a bad trader placing crazy trades why they just did not stop or block his trading screen? Interbank make money for every trade trough the spread.
I do not need to conclude then more.
Looking then at Cashmonsters side, Defamation if Interbank is proven wrong can be a big problem for this company. They made public the name of the trader. Reason for which I would not open my account with Interbank Even if I was happy with what this guys proposed in this seminar here in Canada. Why? well I consider that they fail in the "discretionary code" that every company should have. and by the way is included at Interbanks agreement, another reason for me to give a point to Cashmonsters.
And Finally and to conclude, when the representative from Interbank at the seminar mention that Crosland CEO from Interbak was going to reimburse the Investors that ringed my Lawyer heart. this CEO is smart who will want to have a bunch of complains at the NFA, CFTC and a pissed Trader claiming big bucks for defamation? what's the amount in the middle? 620k I guess that is piece of cake for Interbank to cover and avoid "interbank" as a post in Oandas Forum.
Nothing more disturbing. 2 great firms now full of dirt who will get clean? I don't know and I don't care I will trade at Oanda and FXSOL myself.
1. Felix Homogratus AKA "DIMITRI", Rob Grespi the owners of http://www.forexbastards.com are always looking to make quick money from the novice traders by hiding under the entity of http://www.forexbastards.com and similar sites and using it to publish public opinions about respectable brokerage firms whom they are considering as competitors; do not get fooled by theses scammers because this is the only way they can pay their bills, their victims are every where (you have been warned)!!!! They have a whole scam section every where just start searching about them on the web and you will be amazed
2. Felix Homogratus, Rob Grespi AKA "DIMITRI" the owners of http://www.forexbastards.com are big scammers many people have bought their stupid www.forexfreedom.com system and it was a major scam these guys are fools they have copied and pasted some crap into their claimed system and selling it to novice traders and make quick money from them. Do not go near them.
3. We know you are a major scam Felix!!! The words spreading like fire you and your http://www.forexbastards.com can not hide any more
4. This is what I found out about this "FELIX" http://www.forexbastards.com SCAMMER GUY looks like he is leaving a trail of destruction every where he goes the list of victims is growing its staggering. It's nice to see his victims unite to inform the public about this PROFFESSIONAL SCAMMER!!!!!SITES WITH COMPLAINT ON THIS GUYhttp://www.felixbastard.com/www.peterbainscam.comhttp://www.setbb.com/forexjudge/http://www.talkgold.com/forum/r107900-.html HIS GROWING LIST OF SCAM JUNK SITES.www.forexfreedom.comWWW.kingofforexsignal.COM WWW.FOREXBASTARDS.COM
5. Hi guys I love your creative post! I USED TO BE a client of Dimitri or Felix the liar at www.forexbastards.com . And this guy is a total scam his system is garbage, after using his bogus chat room and signals! "now" I understand why he lost his trading account and money. He has a real conflict of interest going there he calls all of his competitors scams. Just so he can promote his garbage. I lost a lot of money following his advice a few thousandStay away from his bogus news trading and stupid alert service. They all lose money. I subscribed with one of the people he called a scam and they turned out to be very profitable. And I even submitted a positive testimonial for www.fxringleader.com & winningtraderassociation and it never made it. !!!! Hummm I guess felix is a scum bag snake oil scammer / con artist.
6. I lost money on this www.kingforexsignal.com and that stupid www.freedomforex.com promoted by www.forexbastards.com
7. This scam artist Felix AKA Dimitri always says that "If you were scammed by these people, please write to me, and I will help you get your money back" what this snack means I WILL STEAL YOUR MONEY!!!! Be warned guys never go near him of his www.forexbastards.com scam site
This little punch of people doing what at least can be described as organized crime, inlcuding many other identities like Rob, Grespi, Rick, Ghafour, Rasheid, Omar, and many more masks....all fake
They promote their signal service, fooling novice forex traders to count on them in trading the news. they have caused hundreds of people to lose big money. they even dare to promise you if you lose that they can blackmail the broker to get you your money back.They have done that several times and we have seen traders burned by their flames, and they try to flame brokers too, some times succeed and others not. Google for felix combined with Oanda, interbankFX, FXCM, Forex.com, and any broker of your choice, you will see their scams, a replica used with tens of brokers over the past 3 years, and the victims, hundreds of traders who get broke.
See what I found about those bunch of crooks on the web, and don't ask me, I have been also burned by these theives.
The email sent by Felix the bastard:
"Hi there One of my full time forex trading buddies just had a serious problem happen. He had an account with www.Interbankfx.com with $620,000 of real money in it. They went through some "technical difficulties", executed a bunch of trades that he didn't execute, margin called him, e.t.c. Long story short, lost him $280,000 in a matter of days, because of "technical difficulties".
Then he spoke to the CEO of the company, who shook his hand, admitted that these were indeed technical difficulties, and he would take care of him.
Now, they are dropping the ball on him, saying that he is a beginner trader, and it was all his fault...I mean these guys opened some trades while this guy was out of town!
Having this website, I get a bunch of different complaining emails from people, and obviously I usually don't email about people's problems to you. But in all honesty, I know this guy very well personally, I've seen his account statements, and I know he is not bullshitting me. I mean this guy was making hundreds of thousands in forex, while I was still in high school, and didn't even know what the word forex meant. And by the way, it's not Tom or Rob...it's somebody else.
Here is the real reason why I am emailing you. This guy has a lawsuit going against Interbank FX right now, he already has a federal attorney involved, and he is trying to shut these suckers down, in addition to getting some of his money back.
If you had an account with Interbank FX, and you also feel you got "screwed" by them, then perhaps you could add yourself to the lawsuit, and recover some of your losses, and put an extra complaint against them to get them shut down.
If you want to get involved in this or have some other helpful information for my friend, please don't respond to this email, instead send an email with your story to interbankfxfraud@forexbastards.com
To Our Success!
-Felix Homogratus"
Posted by GreenField (Member # 2533) on June 20, 2006 02:45 PMJune 20, 2006 02:45 PM:
So now we hear from both sides, let us think about it, make good judgement, and do further research if we have to. Know the truth and the truth will set you free. Here is the email I got from Interbankfx:
Hello Mr. Chang,
I appreciate your comments and we have to say that we are saddened by the potential impact that lies and rumors can cause. To help you help us to combat these types of deceptions, we are providing you additional details which you can distribute. They are a summary of a 6 page response letter which was sent to Cashmonsterz clients.
Warm regards,
Javier H. Paz
Institutional Sales Director
A reckless and unprincipled trader named Carlos Roman, of Cashmonsterz, has apparently asked his buddy Dmitri (Felix) of www.forexbastards.com to defame Interbank FX. Carlos turned $370,000 into a $100,000 master account in a matter of days. His approach to trading was to max out the available margin of the master, to close the positive side of trades and let the open losses ride with the hope that the market would turn around.
In sideways markets this approach might work many times, but on May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide! After that point, the sub-accounts were on intensive care. He called multiple times asking us to cancel the trades with the promise of bringing more clients to us.
We told him we couldn't do this for him. To complicate matters further, he changed Pamm settings an average of once a day and kept on trading aggressively taking many accounts to a margin call situation
The more he changed the Pamm settings, the more difficult it was to perfectly hedge open positions.
Throughout this period, Interbank FX tried all within its power to make sure that subaccounts were hedged, but things evolved to a point were several subaccounts could no longer be hedged because they had fallen below the 100% margin level. Posted by stevegee58 (Member # 4086) on June 20, 2006 03:01 PMJune 20, 2006 03:01 PM My god.
If I'd been pushing trades with my *own* money to the max like that I'd be sh1tting my pants. If it was other people's money, I'd jump out a freaking window if I wasn't dead from a coronary already.
Posted by FisherKing (Member # 3924) on June 20, 2006 03:05 PMJune 20, 2006 03:05 PM: I'm going to have to believe Intebankfx on this one. Posted by Piprider (Member # 4331) on June 20, 2006 03:24 PMJune 20, 2006 03:24 PM: I will believe interbank fx too.
It looks like Mr. D u m b A s s was good enough to attract money from clients - good enough to feel it is a marketable enough skill to offer it in trade for having his dealer take the losses of the positions he accumulated but with money management skills equivalent to those of Danielgsx.
Then, he tries to mitigate the damage by trying to play on the public opinion's general distrust of market makers. He should have partnered up with someone who can really trade and relegated himself solely to the solicitation of funds from clients.
Instead, he took everyone to the crapper at lightspeed.
Posted by OrlandoFlyBoy (Member # 3974) on June 21, 2006 10:20 AMJune 21, 2006 10:20 AM: Well, I don't get it.
It appears that they are talking about two different things, but making it sound like the same thing. Was this a platform error that executed trades by itself, a newbee trader that traded badly, a managed account where the "manager" traded badly (without the account holder's permission, or against the wishes of how the account would be traded), or Interbank FX hedging that went haywire? Someone make it clear exactly what happened, in order, so that it is clear what the complaint is Posted by mobbbb (Member # 7422) on June 21, 2006 10:25 AMJune 21, 2006 10:25 AM: Maybe a gohst entered the trades and then vanished while the asset manager was gone ?
Posted by PIPCANADA26 (Member # 9133) on July 12, 2006 06:28 AMJuly 12, 2006 06:28 AM: I went to a conference provided by Interbank here in Canada and by the way some people mention this topic and the representative from InterbankFX did say The CEO Crosland was going to reimburse Cashmonsters Investors For this failures.
I wonder the same why Interbank doesn't just sue Cashmonsters? legally who can prove the truth will win but by the way, then if Cashmonsters is right then they could squiz the big bucks from Interbank for defamation if they have a failure that causes those losses and more than that for revaling the traders name.
Was a bit impossible for me to believe that a serious company can have such failure in their software but when I saw this letter from this executive Paz I understood must be right, when you don't have nothing to excuse you just have to be quiet, why then give explanations? When people asked what this PAMM in question is they explained works for Percentage Allocation Money Manager is used for professional traders who manage several accounts you can set to distribute by percentage or by lots, usually they said you set it once and never again.
Paz mention in his post Cashmonsters Trader Changed the Pamm every day. I want to believe that but I can't. Reason Simply.
when another assistant to this seminar asked why a trader would want to change every day the pamm settings he just said. "I don't know" again, I'm a lawyer and that for me indicates a lie. In the other hand I asked what "hedge" term means and found that is short and long the same currency in the same account then this phrase make no sense from Interbank: "May 11 and 12 the British pound trended on a big way and touched 1.9000, forcing him to place a hedge 600 pips wide" Nobody gets forced to do nothing in Forex markets at least not even a new trader places a trade being forced by a Jedi Mind.
Making math 1.9000 - 600 pips= 1.8300 here is my Idea if this guy cashmonster is as good as everybody claim he was going to get not only those 600 pips back but maybe another 120 total 720 profit on the short side from the hedge, maybe such big earnings from Cashmonsters are not convenient from a company as Interbank plus trading with 620k I believe then is not hard to duplicate or triplicate an account. (I saw the pound as Paz Mentioned in his post and it went down to 1.8085 from 1.9000 that he claim is the top of the problem) As A lawyer I can say that if Interbank is right they can file a federal law suit against cashmonsters where they just need to proof they trade trying to loose money. The problem for Interbank is that as far as I can see Cashmonters has not made any comments or post as Interbank do a self defense.
They can not then complain Defamation. Here the Note from Zelli is good idea record your calls but that is illegal so wont be valid unless both sides agreed that both are being recorded. Then if interbank has Cashmonsters calls recorded they will win this case. I would love to hear Cashmonsters begging with the promises of more clients but I guess we wont see that. I wont open my possible self traded account with Interbank anymore and I wont open a managed account with Cashmonsters I would love to see who lies and who is honest but I want to trade I will open my account with Oanda and another one with FXSOL.
Any comments about FXSOL will be truly appreciated.Cashmonsters is famous for aggressive trading then 600 pips in question should be piece of cake for an aggressive trader, Interbank is famous for the 2 pips of spread and now for revealing names. I wonder then If Interbank detected a bad trader placing crazy trades why they just did not stop or block his trading screen? Interbank make money for every trade trough the spread.
I do not need to conclude then more.
Looking then at Cashmonsters side, Defamation if Interbank is proven wrong can be a big problem for this company. They made public the name of the trader. Reason for which I would not open my account with Interbank Even if I was happy with what this guys proposed in this seminar here in Canada. Why? well I consider that they fail in the "discretionary code" that every company should have. and by the way is included at Interbanks agreement, another reason for me to give a point to Cashmonsters.
And Finally and to conclude, when the representative from Interbank at the seminar mention that Crosland CEO from Interbak was going to reimburse the Investors that ringed my Lawyer heart. this CEO is smart who will want to have a bunch of complains at the NFA, CFTC and a pissed Trader claiming big bucks for defamation? what's the amount in the middle? 620k I guess that is piece of cake for Interbank to cover and avoid "interbank" as a post in Oandas Forum.
Nothing more disturbing. 2 great firms now full of dirt who will get clean? I don't know and I don't care I will trade at Oanda and FXSOL myself.
1. Felix Homogratus AKA "DIMITRI", Rob Grespi the owners of http://www.forexbastards.com are always looking to make quick money from the novice traders by hiding under the entity of http://www.forexbastards.com and similar sites and using it to publish public opinions about respectable brokerage firms whom they are considering as competitors; do not get fooled by theses scammers because this is the only way they can pay their bills, their victims are every where (you have been warned)!!!! They have a whole scam section every where just start searching about them on the web and you will be amazed
2. Felix Homogratus, Rob Grespi AKA "DIMITRI" the owners of http://www.forexbastards.com are big scammers many people have bought their stupid www.forexfreedom.com system and it was a major scam these guys are fools they have copied and pasted some crap into their claimed system and selling it to novice traders and make quick money from them. Do not go near them.
3. We know you are a major scam Felix!!! The words spreading like fire you and your http://www.forexbastards.com can not hide any more
4. This is what I found out about this "FELIX" http://www.forexbastards.com SCAMMER GUY looks like he is leaving a trail of destruction every where he goes the list of victims is growing its staggering. It's nice to see his victims unite to inform the public about this PROFFESSIONAL SCAMMER!!!!!SITES WITH COMPLAINT ON THIS GUYhttp://www.felixbastard.com/www.peterbainscam.comhttp://www.setbb.com/forexjudge/http://www.talkgold.com/forum/r107900-.html HIS GROWING LIST OF SCAM JUNK SITES.www.forexfreedom.comWWW.kingofforexsignal.COM WWW.FOREXBASTARDS.COM
5. Hi guys I love your creative post! I USED TO BE a client of Dimitri or Felix the liar at www.forexbastards.com . And this guy is a total scam his system is garbage, after using his bogus chat room and signals! "now" I understand why he lost his trading account and money. He has a real conflict of interest going there he calls all of his competitors scams. Just so he can promote his garbage. I lost a lot of money following his advice a few thousandStay away from his bogus news trading and stupid alert service. They all lose money. I subscribed with one of the people he called a scam and they turned out to be very profitable. And I even submitted a positive testimonial for www.fxringleader.com & winningtraderassociation and it never made it. !!!! Hummm I guess felix is a scum bag snake oil scammer / con artist.
6. I lost money on this www.kingforexsignal.com and that stupid www.freedomforex.com promoted by www.forexbastards.com
7. This scam artist Felix AKA Dimitri always says that "If you were scammed by these people, please write to me, and I will help you get your money back" what this snack means I WILL STEAL YOUR MONEY!!!! Be warned guys never go near him of his www.forexbastards.com scam site
Wednesday, October 17, 2007
How to Trade with Pivot Points
The pivot point should be the first place you look at to enter a trade, since it is the primary support/resistance level. The biggest price movements usually occur at the price of the pivot point.
Only when price reaches the pivot point will you be able to determine whether to go long or short, and set your profit targets and stops. Generally, if prices are above the pivot it’s considered bullish, and if they are below it’s considered bearish
Let’s say the price is hovering around the pivot point and closes below it so you decide to go short. Your stop loss would be above PP and your initial profit target would be at S1.
However, if you see prices continue to fall below S1, instead of cashing out at S1, you can move your existing stop-loss order just above S1 and watch carefully. Typically, S2 will be the expected lowest point of the trading day and should be your ultimate profit objective.
The converse applies during an uptrend. If price closed above PP, you would enter a long position, set a stop loss below PP and use the R1 and R2 levels as your profit objectives.
you can gather more information at : www.forexgen.com
Only when price reaches the pivot point will you be able to determine whether to go long or short, and set your profit targets and stops. Generally, if prices are above the pivot it’s considered bullish, and if they are below it’s considered bearish
Let’s say the price is hovering around the pivot point and closes below it so you decide to go short. Your stop loss would be above PP and your initial profit target would be at S1.
However, if you see prices continue to fall below S1, instead of cashing out at S1, you can move your existing stop-loss order just above S1 and watch carefully. Typically, S2 will be the expected lowest point of the trading day and should be your ultimate profit objective.
The converse applies during an uptrend. If price closed above PP, you would enter a long position, set a stop loss below PP and use the R1 and R2 levels as your profit objectives.
you can gather more information at : www.forexgen.com
How to Calculate Pivot Points
The pivot point and associated support and resistance levels are calculated by using the last trading session’s open, high, low, and close. Since Forex is a 24-hour market, most traders use the New York closing time of 4:00pm EST as the previous day’s close.
for more information :
http://forexgen.com/level-3-essentials/how-to-calculate-pivot-points.html
for more information :
http://forexgen.com/level-3-essentials/how-to-calculate-pivot-points.html
Pivot Points
Professional traders and market makers use pivot points to identify important support and resistance levels. Simply put, a pivot point and its support/resistance levels are areas at which the direction of price movement can possibly change.
Pivot points are especially useful to short-term traders who are looking to take advantage of small price movements.
Pivot points can be used by both range-bound traders and breakout traders. Range-bound traders use pivot points to identify reversal points. Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.
you can learn more about it on :
http://forexgen.com/level-3-essentials/pivot-points.html
Pivot points are especially useful to short-term traders who are looking to take advantage of small price movements.
Pivot points can be used by both range-bound traders and breakout traders. Range-bound traders use pivot points to identify reversal points. Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.
you can learn more about it on :
http://forexgen.com/level-3-essentials/pivot-points.html
Opening a Trading Account
Opening a new online trading account with a Forex broker can be done in three simple steps:
1 -Selecting an account type
2 -Registration
3 -Activating your account
Before trading a dime of your hard earned money, you may want to think about opening demo account. Actually, open up two or three demos - why not? It’s all FREE! Try out several different brokers to get a feel for the right one for you.
you can learn about it at : www.forexgen.com
1 -Selecting an account type
2 -Registration
3 -Activating your account
Before trading a dime of your hard earned money, you may want to think about opening demo account. Actually, open up two or three demos - why not? It’s all FREE! Try out several different brokers to get a feel for the right one for you.
you can learn about it at : www.forexgen.com
Choosing a Forex Broker
This lesson is made in nutral spirit. We will not by any means, try to mention ForexGen or favorite it above any other broker in the market. This is a generic best practice that teaches you how to choose your broker in the best possible fashion.
Before trading Forex you need to set up an account with a Forex broker. So what exactly is a broker? In simplest terms, a broker is an individual or a company that buys and sells orders according to the trader's decisions. Brokers earn money by charging a commission or a fee for their services.
You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.
Before trading Forex you need to set up an account with a Forex broker. So what exactly is a broker? In simplest terms, a broker is an individual or a company that buys and sells orders according to the trader's decisions. Brokers earn money by charging a commission or a fee for their services.
You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.
Custom indicators
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).
you can gather more informations about CIF at :
http://forexgen.com/trading-tools/custom-indicators.html
-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).
you can gather more informations about CIF at :
http://forexgen.com/trading-tools/custom-indicators.html
Why participate in the Forex Market
* Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account activation.
* Scandinavian quality with Swiss precision, funds secured and local agents in 20+ countries..
* ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.
* Low capital start , with $250 in minimum account size.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compare with other financial markets.
* ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
you can learn more about forex market at : http://www.forexgen.com/
* Scandinavian quality with Swiss precision, funds secured and local agents in 20+ countries..
* ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.
* Low capital start , with $250 in minimum account size.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compare with other financial markets.
* ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
you can learn more about forex market at : http://www.forexgen.com/
ForexGen principals
ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions.
ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions.
ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).
ForexGen
ForexGen 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.
Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
The 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.
Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
The 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.
Tuesday, October 16, 2007
MultiTerminal Platform
ForexGen has released its new MultiTerminal Platform.
The new platform is designed to manage multiple accounts to be used by IBs and Money Managers. For more information, please contact us.
MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those who manage investors' accounts and for traders working with many accounts simultaneously.
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.
MetaTrader 4 MultiTerminal allows working with any amounts of accounts, receiving quotes for any symbols, placing all types of orders, and viewing history for all accounts. Moreover, within this application the financial news can be delivered in the real-time mode.
The new terminal successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The program interface is similar to that of the ForexGen Trading client. It is very simple, any trader using the ForexGen Trading Client Terminal can easily get acquainted to this new program within a few minutes.
The new platform is designed to manage multiple accounts to be used by IBs and Money Managers. For more information, please contact us.
MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those who manage investors' accounts and for traders working with many accounts simultaneously.
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.
MetaTrader 4 MultiTerminal allows working with any amounts of accounts, receiving quotes for any symbols, placing all types of orders, and viewing history for all accounts. Moreover, within this application the financial news can be delivered in the real-time mode.
The new terminal successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The program interface is similar to that of the ForexGen Trading client. It is very simple, any trader using the ForexGen Trading Client Terminal can easily get acquainted to this new program within a few minutes.
Monday, September 17, 2007
Trading Profit/Loss
The differential indicator is an indicator used to identify the profit/loss that would have been realized if any trader submitted multiple positions at the same time.
The indicator shows the rise and fall of the profit of positions opened at the red vertical line through a red graph line in a certain interval of time starting from the time of opening the positions and reaching to the current time, where each point is the total profit of opened positions at this time.
if you need more informations about it you can grap it from : www.forexgen.com
The indicator shows the rise and fall of the profit of positions opened at the red vertical line through a red graph line in a certain interval of time starting from the time of opening the positions and reaching to the current time, where each point is the total profit of opened positions at this time.
if you need more informations about it you can grap it from : www.forexgen.com
Pair’s Hedging Detector
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
you can read more on : www.forexgen.com
you can read more on : www.forexgen.com
Pivot Calculator
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
you can gather lot of informations on : www.forexgen.com
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
you can gather lot of informations on : www.forexgen.com
Market Watch
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.
you can read more about it on : http://forexgen.com/platform/market-watch.html
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.
you can read more about it on : http://forexgen.com/platform/market-watch.html
Trailing Stops
A stop loss is a system created to limit and reduce any losses at any position and manage the expected risk in currency trading . It acts like an insurance policy. It permits traders to set a limit to the most expected loss without setting a limit to the most expected profit.
A trailing stop will automatically change according to the market price when the position is positive by the amount of your trailing stop, added 1 pip to it.
In case of a long position and the market price is rising, the stop loss price will be affected proportionally. While in case of the price falling, the stop loss price will not change.
The advantage of setting up an automated trailing stop trading feature is that you don't have to monitor on consistent basis how your trade is doing. This is a useful advantage where you are not obliged to watch your trades for an extended period of time.
The stop loss disadvantage is that the stop price could be activated by a short-term price variation. This stop-loss permits the variation while preventing the maximum expected risk.
you can learn more about trailing stop on : www.forexgen.com
A trailing stop will automatically change according to the market price when the position is positive by the amount of your trailing stop, added 1 pip to it.
In case of a long position and the market price is rising, the stop loss price will be affected proportionally. While in case of the price falling, the stop loss price will not change.
The advantage of setting up an automated trailing stop trading feature is that you don't have to monitor on consistent basis how your trade is doing. This is a useful advantage where you are not obliged to watch your trades for an extended period of time.
The stop loss disadvantage is that the stop price could be activated by a short-term price variation. This stop-loss permits the variation while preventing the maximum expected risk.
you can learn more about trailing stop on : www.forexgen.com
Demo Account
ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform. A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services. The trader must enter a valid e-mail address to freely open a demo account. You will be able to upgrade to Live Account at any time with minimal efforts.
ForexGen demo account advantages:
* Innovated trading with no request for a quote for up to 200 lots (20 million).
* The client is provided by a simple system with included options that are easily grasped and used.
* Real time prices are usually modified and provided.
* ForexGen provides Real time charts with the most famous indicators.
* Daily reports for the account status.
* Summarization of the current client's orders, account equity, profit and loss ranging.
* Exclusive technical analysis provided daily to your mailbox in the Trading Platform. The trading real time technical analysis by Capital Management is sent daily to the trader’s mail
* Streaming News headlines are supplied by AFX News.
*The ability to form the traders own strategies using the Expert Advisor. Available for real accounts upon written request
ForexGen demo account advantages:
* Innovated trading with no request for a quote for up to 200 lots (20 million).
* The client is provided by a simple system with included options that are easily grasped and used.
* Real time prices are usually modified and provided.
* ForexGen provides Real time charts with the most famous indicators.
* Daily reports for the account status.
* Summarization of the current client's orders, account equity, profit and loss ranging.
* Exclusive technical analysis provided daily to your mailbox in the Trading Platform. The trading real time technical analysis by Capital Management is sent daily to the trader’s mail
* Streaming News headlines are supplied by AFX News.
*The ability to form the traders own strategies using the Expert Advisor. Available for real accounts upon written request
Technical Analysis
Technical analysis is the study of price movement. In one word, technical analysis = charts. The idea is that a person can look at historical price movements, and, based on the price action, can determine at some level where the price will go. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.
The most IMPORTANT thing you will ever learn in technical analysis is the trend! Many, many, many, many, many, many people have a saying that goes, “The trend is your friend”. The reason for this is that you are much more likely to make money when you can find a trend and trade in the same direction. Technical analysis can help you identify these trends in its earliest stages and therefore provide you with very profitable trading opportunities.
you can gather more information on : http://forexgen.com/level-1-forex-intro./types-of-trading.html
The most IMPORTANT thing you will ever learn in technical analysis is the trend! Many, many, many, many, many, many people have a saying that goes, “The trend is your friend”. The reason for this is that you are much more likely to make money when you can find a trend and trade in the same direction. Technical analysis can help you identify these trends in its earliest stages and therefore provide you with very profitable trading opportunities.
you can gather more information on : http://forexgen.com/level-1-forex-intro./types-of-trading.html
Fundamental Analysis
Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand. (Yada yada yada.) In other words, you look at whose economy is doing well, and whose economy sucks. The idea behind this type of analysis is that if a country’s economy is doing well, their currency will also be doing well. This is because the better a country’s economy, the more trust other countries have in that currency.
For example, the U.S. dollar has been gaining strength because the U.S. economy is gaining strength. As the economy gets better, interest rates get higher to control inflation and as a result, the value of the dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.
Later on in the course you will learn which specific news events drive currency prices the most. For now, just know that the fundamental analysis of the Forex is a way of analyzing a currency through the strength of that country’s economy.
you can learn more about it on : http://forexgen.com/level-1-forex-intro./types-of-trading.html
For example, the U.S. dollar has been gaining strength because the U.S. economy is gaining strength. As the economy gets better, interest rates get higher to control inflation and as a result, the value of the dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.
Later on in the course you will learn which specific news events drive currency prices the most. For now, just know that the fundamental analysis of the Forex is a way of analyzing a currency through the strength of that country’s economy.
you can learn more about it on : http://forexgen.com/level-1-forex-intro./types-of-trading.html
What is traded on the Foreign Exchange
The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex 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.
Until the late 1990’s, only the “big guys” could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us “little guys”. However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.
All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site.
you can learn more about it on : www.forexgen.com
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex 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.
Until the late 1990’s, only the “big guys” could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us “little guys”. However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.
All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site.
you can learn more about it on : www.forexgen.com
What is FOREX
The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or “FX” or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of about $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined!
Wednesday, September 12, 2007
Expert Advisors
1. Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.
With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
you can read more about Expert Advisor on : http://forexgen.com/content/view/15/34/
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.
With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
you can read more about Expert Advisor on : http://forexgen.com/content/view/15/34/
kinds of forex charts
. 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.
you can read more about charts on : http://forexgen.com/platform/charts.html
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.
you can read more about charts on : http://forexgen.com/platform/charts.html
Charts
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.
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.
The most competitive trading conditions for money manager
* 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.
you can read more about money manager on : http://forexgen.com/partnerships/money-manager.html
* 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.
you can read more about money manager on : http://forexgen.com/partnerships/money-manager.html
Individualized services for money manager
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.
* Up-To-Date RSS news feed.
* Lowest spreads in the Forex Market.
* Tremendous amount of Technical Indicator.
* Fast order execution.
Money Manager
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.
you can read more about money manger on : http://forexgen.com/partnerships/money-manager.html
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.
you can read more about money manger on : http://forexgen.com/partnerships/money-manager.html
Favorable trading conditions for white labels
* 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.
For full Information and online application, please click here
* 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.
For full Information and online application, please click here
Tuesday, September 11, 2007
Individualized service for white labels
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.
you can read more about white labels on : http://forexgen.com/partnerships/white-labels.html
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.
you can read more about white labels on : http://forexgen.com/partnerships/white-labels.html
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.
* 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.
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.
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.
you can gather more informations about white labels on : http://forexgen.com/partnerships/white-labels.html
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.
you can gather more informations about white labels on : http://forexgen.com/partnerships/white-labels.html
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