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
Wednesday, October 17, 2007
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.
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