Forex? What is it, anyway?

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, [forexgen] offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.
When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, forexgen lets you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

[Claim Your Bonus In ForexGen]

Special Promotion for New Clients

Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.

Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250

Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500

To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com

The Basics of Swing Trading

Swing trading is a trade method in the gray area between trend following and day trading.
A swing trader holds a stock for a small period of time and then will trade the stock when it's in it intra-week or intra-month oscillation. A experience swing trader will generally choose a large-cap stock because of its broadly defined high and low extremes. The trader will ride the stock wave in one direction for a couple of weeks, only to switch to the opposite side of the trade when their particular stock changes direction. A swing trader is best in position to do this when that market is more on the stable side versus it being a bear or bull market. This is because those markets' momentum generally carry stocks in one direction only (and for a long period of time).

The success in swing trading is to be able to identify what type of market is currently being experienced. One of the best ways of doing this is looking at historical data of what was indicative of different markets in the past, particular prime swing markets. If a market is identified as prime for swing trading, but later turns out to be a bear or bull market, a swing trader can find that there are the same up and down oscillations than those that occur in a more stable market. This would ensure that best strategy would be to trade on a long-term directional trend instead of the quicker trends that many of the most experienced swing traders are noted for.
Unlike many stock traders, swing traders are not looking to make it big with one particular trade, but are more concerned with hitting its baseline and confirm its direction. At the profiting level, a swing trader will want to exit the trade as close to the upper or lower channel line without being too close, which can cause a loss in opportunity. In a market where a stock is showing a strong directional trend a swing trader will usually wait for the channel line to be reached before selling, thus when a stock is showing a weaker directional trend, the trader will usually sell before the before it hits the channel line in the event the direction changes and the line does not hit on that particular swing.

Swing trading is a great method for beginning traders, while offering a profit potential to advanced traders. A great trader will be able to know when the stock is ripe and what momentum their particular stock has gained before making a decision. Trend following plays a very important role in swing trading as well knowledge of the physics of the stock market. Like the physics of ocean waves, swings can be unpredictable but when a large wave comes rushing at the shore, then its prime time for swing trading, but remember that swing trading is never as predictable as the swinging of a clock pendulum.
Why ForexGen]


1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Introduction to Forex Trading

You must begin from knowing the basics of Forex and also must be aware that this is different from stock trading, this market has more volatility. You must study the movements of the currency pairs before anything and these currency pairs can be EUR/USD and others. You must also analyze any trends that might be involved any currency that we are exchanging.

There are some essential tips on how to avoid typical pitfalls and start making more money in your forex trading:

1. Trade pairs, not currency - Like any relationship, you have to know the both sides i.e. Success and failure, these terms in forex trading depends upon being right about both currencies and how they impact one and another, not just one.

2. Knowledge is a key to power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the maximum of your investments. For forex trading main influencer is global news and events and so one should keep the track of these news.

3. Independence – You have to decide that either you want to trade to your own money or to have a broker trade it for. For this, you need to seek advice from too many sources as multiple-input will result in multiple losses.

4. No strategy - A strategy is a map for how you plan to make money work for you. And without a strategy, you may become one of the 90% of new traders that lose their money.

5. Pace yourself and be realistic - There are traders who make millions quickly, but that's not the norm and if you can make these sort of gains you will soon be very wealthy.

6. Don't over leverage - Start slowly and deal in small sizes. To win you just need to have great defense and then let your offence make you profits.

7. Useful trading, not small trading - Many new traders place very tight orders in order to take very small profits but be clear that this is not a sustainable approach because although you may be profitable in the short run if you are lucky but, you risk losing in the longer term as you have to recover the difference between the bid and the ask price before that you can make any profit and this is much more difficult when you make small trades than when you make larger ones.


[ForexGen Customer & Trading Support]

ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.

The Essence of Forex Money Management:

Any trading strategy is incomplete without Forex Money Management.

It is not only about knowing the ins and outs of which currencies to trade and identify the entry and exit signals, it is also about manage the resources and integrating money management into the trading plan. It is essential for a trader to meticulously position size, margin, recent profits and losses and any contingency plans before foraying into the market.

A few mistakes traders usually make and tips to overcome them and increase prosperity.

Most traders fail to understand the standard deviation of price, as it helps them to stay guard against it and its unpredictability. It further helps you to understand where to place stops in places for risk control, although you may gain nothing.

The leverage is essential as it is common to have stops outside of random unpredictability. However, the market also requires space to breathe, only possible with wider stops and lower leverage.
Risk control and an obvious stop are possible only if you trade valid breakouts, leading consequently to trade success. Moreover, you can also cut your trading frequency, by trading no more than once a month but make solid gains.
However, while enjoying profits, it is also important to bring the stop to close, to prevent losses by random unpredictability. These calculated risks will help you continue big trends and keep your stop well back.
It is always wise to have buy options open if you want to deal with unpredictability and get staying power

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.


WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.

Forex Advantages

FOREX is also an extremely efficient market. This is due to the fact that it is a market that never closes.

A trader can literally be active twenty-four hours per day. Other markets, such as the stock market, do not allow for this possibility. As important news reaches you, as an investor you have the possibility of reacting immediately since you can always find working sellers and buyers in some corner of the globe. You also do not need to worry about conference calls of analysts or earnings reports that are done after hours as these cannot influence your portfolio in the FOREX market. Albeit with a few limitations, trading after hours is now possible for stocks in the United States of America through Electronic Communication Networks (ECNs). ECNs were designed to connect sellers and buyers outside of stock exchanges, but they cannot ensure that each trade is successfully carried out and cannot vouch that it will take place at fair market value. With a view to obtaining a tighter spread, traders often have to await the opening of markets on the next day. There is no need for this in currency markets as traders can reap the benefits of all advantageous conditions whenever they occur.

Another advantage of the FOREX market is low expenditure. In fact, the only charges consist of the spread, i.e. the market difference that naturally occurs between supply and demand prices. There are no commission fees. When operating under standard market conditions, the wholesale transaction cost (bid/offer spread) is usually below 0.1% or 10 pips. The spread can be significantly lower in bigger transactions (under 5 pips) and in very dynamic markets it can broaden substantially.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker *White label *Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Be Smart and Aim for 100% Annual Profits

I know traders that trade less than once a month yet still turn in triple digit annual profits!
There not interested in working hard or trading all the time, their interested in making money and that means hitting the high odds trades and milking them for all their worth. These traders make a lot of money, not by working hard but working smart.

Less is More Hit the Big Trends

The high odds trades don't come around every day and you need to wait for them but when they do, they will give you high odds set ups, greater chances of success with less work and that is something all Forex traders want!

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

One of the Major Indicators: Consumer Price Index (CPI)

Measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly changes in the CPI represent the rate of inflation.

The CPI is the most followed indicator of inflation in the United States. Inflation is a general increase in the price of goods and services. The relationship between inflation and interest rates is the key to understanding how data like the CPI influence the markets. By tracking the trends in inflation, whether high or low, rising or falling, investors can anticipate how different types of investments will perform.

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

What's Pip Apread About When We Trade Forex?

When most of the forex trading firms said they don't charge commission when we trade forex through their accounts, while we are trading with big spreads between different currency pairs! What's up about?

Why different firms they have different pip spreads?
Do we lose already once we trade the pairs? Even though we don't pay the commission!!
Or they make more profits on giving the spread than charging commission?

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:
" Certified copy of the information pages of account holder current valid passport or government issued photo ID"
After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

HOW TO IDENTIFY A HONEST FOREX BROKER

With all the Forex brokers out there, ready and willing to take your money to help you make your first trade, it may be a little intimidating finding a honest broker. To that end, as part of your Forex training, here are 6 tips that will help you in choosing a broker that you can trust and not end up taking and walking away with your money.

1. Watch out for a company that claims that there is little or no risk in trading the currency

market. Any broker that is legitimate should tell you that there is ALWAYS risk! True, you can mitigate that risk with stop losses, sound trading techniques, and equity management, but there is always a risk involved in trading. If it sounds too good to be true, it usually is too good to be true!
2. Check out the company's background. If a company refuses to give you background information on their company or information about their customer's experience, beware! You may also want to check with the National Futures Association for any history of fines or deceptive trade practices by the company in question. Another good source of information is the Chicago Board of Trade. It's there that you can check to see if the company is a registered "futures commission merchant" (or FCM for short). Companies registered with these two organizations are more likely to be legitimate than those that are not. In addition, there is a lot of information that can be found with these two organizations that can help you further your Forex training.
3. If a company says that you will make fantastic amounts of money in a short time, run for cover! Like anything else in life, to be a good Forex trader takes time, effort, and LOTS of study. There is no magic formula that will have you making thousands in just a few days, unless you're a scammer or amongst the best traders in the world.
[ForexGen 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.

The most competitive trading conditions:

* 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.

Mexico's inflation near 6.6 percent

Mexico's inflation near 6.6 percentMEXICO CITY (AP) -- Mexican inflation has reached a yearly pace of nearly 6.6 percent, the quickest in seven years.
Mexico's central bank says consumer prices rose 0.45 percent in the first two weeks of December, pushed by jumps for cigarettes, tourism packages and airline tickets.
Inflation hit its highest level in seven years in October and has continued to rise.

Inflation last year was 3.7 percent.The bank has raised interest rates three times this year to slow inflation, but it kept rates stable at 8.25 percent in October and November to protect the battered peso.
The central bank has forecast inflation to be between 5.5 and 6 percent at the end of the fourth quarter

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

What Does Forex Broker Mean?

Firms that provide currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A currency trading broker, also known as a retail forex broker, or forex broker, handles a very small portion of the volume of the overall foreign exchange market. Currency traders use these brokers to access the 24-hour currency market.


[ForexGen Academy]

If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

Tips for Choosing a Reputable Forex Broker

Finding a Forex broker is a tough process to navigate through and for most people, the necessity of outside assistance is needed. Trying to trade in the Forex market without a broker could lead to devastating results for the normal trader. Similarly, hiring the wrong Forex broker can lead to the same result as trying to muddle through it alone. It is highly important that you be diligent in researching any prospective brokerage firms to handle your financial portfolio.

A good Forex broker will supply you with clients that were successful and can attest to the specific broker's qualifications and success history. Put yourself in that position, would you testify to someone's strengths if they did a poor job for you? Client history testimony should be present in any prospective Forex broker and plentiful to indicate a solid background with trading. You can tentatively assess a lot from a Forex broker with a list of clients that will speak up for the brokerage firm or individual broker. It should be noted that all word of mouth testimony should be taken with a grain of salt and dissected to collect the pertinent information. Testimony should be used in your research to find a Forex broker but should not be the deciding factor.

Another good morsel to test the reliability of any potential Forex broker is the amount of information, literature and lessons that they are willing to give to you. Most Forex brokers are of a high reputation and a solid background however, there are many out there that don't have a good history or no history and it is wise to steer clear of these brokers. You are trying to find a trusted financial advisor and settling for second best, just won't do. The more a potential Forex broker is willing to do for you in the area of helping you understand the Forex trading system, the better quality trader they will be for you.

A good avenue to travel down when seeking a good Forex broker is to ask your acquaintances about Forex brokers and how they met. This can not only give you prospective referrals to great Forex brokers but will also equip you with ideas and resources that you may not have located. If you get a referral from friends, be sure to still research that specific broker and his qualifications before committing to any formal agreement

[Claim Your Bonus In ForexGen]

Special Promotion for New Clients

Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.

Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250

Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500

To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com

Symbols and Tick Values and some Trading Recommendation

Currency market trading symbols are constructed using the two currencies that are being traded.

For example, the trading symbol for the Euro to US Dollar market would be EUR/USD. Each currency market has a minimum price change (tick size), and a minimum trading amount, with which the value per minimum price change can be calculated. Continuing with the EUR/USD currency market, the minimum price change is 0.0001, and the minimum trading amount is approximately $25,000 (this varies depending upon the currency broker), so the value per minimum price change is calculated as 0.0001 X $ 25000 = $2.50. This means that for every 0.0001 in price change, a trade's profit or loss would change by $2.50. Even though the minimum trading amount is $25,000 or more, the currency markets are traded using leverage, so an individual day trader only needs to have a fraction of that amount in their trading account.

While the currency markets can be day traded, they have some features that make them a less preferred day trading market. If you want to trade the currency markets purely for day trading purposes, then the futures markets offer enough markets based upon currencies, that you should trade the futures markets instead. If however, you want to trade currencies to actually hold the other currency (i.e. if you want to keep some money in Euros), then the currency markets are the markets to trade.


[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Mexico auctions off $351 million to bolster peso

Mexico auctions off $351 million in reserves to stabilize declining peso

MEXICO CITY (AP) -- Mexico's central bank has auctioned off $351 million in dollar reserves in a bid to stop a decline of the peso.

The central bank sold the dollars at 13.47 pesos. The peso opened Monday at 13.50 to the dollar, but strengthened and was trading at 13.30 after the auction.

The Bank of Mexico started dollar auctions in October after the peso sank to a historic low of 14 to the dollar. The fall was blamed on concerns about the repercussions of the global financial crisis on Mexico's economy.
With the latest sale, the bank has auctioned off more than $15 billion.

[Why ForexGen?]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

that’s why it's considered one of the most important tools used in Forex trading

Via Forexgen platform… While trading in the currency exchange market you will have to deal with charts or in other words "Graphs". Charts are very simple and understandable, that’s why it's considered one of the most important tools used in Forex trading. The base currency's price is drawn on the vertical line while time is on the horizontal.

Let’s take an example of how to use charts by looking at the pair USD/JPY. The price represented on the vertical axis is usually the JPY. If the USD rises and the JPY falls then the base currency (the USD in this case) reaches a peak and the diagram is going upwards then it’s wise to buy dollars. On the other hand if it’s going downwards then the price of the USD is falling and it’s wise to sell the dollars at this point. If we look at another pair like EUR/USD for instance, you will find a change as the base currency changed, so if the chart goes up then buy Euro if it goes downwards then sell the Euro.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:
Introducing Broker
White label
Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

ForexGen provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Declines

As uptrends end, the same crowd that lifts price provides fuel for the ensuing decline.
Longs get lulled into a false sense of confidence as rally momentum fades and a topping
pattern forms. As smart money quietly exits, the uptrend hits a critical trigger point: the
bulls suddenly realize they're trapped. Seeking to protect profits, they start dumping the
stock. Price fails and selling spirals downward through wave after wave.
Common features appear through most price declines. Several false bottoms print and
fail. Volume repeatedly surges as losers unload positions and price carries well past
downside target after target. Then just as hope collapses, the stock makes a final, multiple
bottom.

Pattern Cycles offer a superb way for the short-term trader to understand and capitalize
upon this repeating market behavior. Look no further than R. N. Elliott's work in the
1930s and you'll find the Five Wave Decline. This structure for price correction is as
powerful today as it was 60 years ago. And as a parable for crowd behavior, traders can
use it without understanding the broader Elliott Wave Theory.


The 1st, 3rd and 5th
wave impulses in EWT
become Top-1-2 in the
Decline's count. Connect
the 3rd (1) and 5th (2)
waves with a trendline.
Ignore the 1st (Top)
wave, which the
trendline can violate in
any way it wants. The
first bounce after the
(Drop) may come close
to that trendline but will
rarelyviolate. it.

5WDs consist of three downward impulses and two corrections. The first impulse (Top)
corrects the uptrend that carries an issue to a new high. This Top begins the price failure
that completes through the second impulse (1): the technical breakdown of the stock. As
with rising markets, this impulse can be very dynamic. But in most declines, the worst is
usually reserved for last. As this 2nd impulse completes, a false bottom paints a
comforting picture that slows the selling and brings in weak longs. The selling then
suddenly resumes and accelerates into a final 3rd impulse (2) that is so emotional that
prices violate set targets and reasonable support zones.

The emotion of this last wave extinguishes selling pressure, bouncing the stock. Rapid
upward motion ignites the first impulse of a significant countertrend. This strong rally
then fails suddenly. As the longs brace for more pain, the prior low unexpectedly holds.
A new crowd then steps in and price returns to the 1-2 trendline as a double bottom
forms. The balance of power shifts and the stock breaks through that line into a new
uptrend.

The skilled eye can see 5WDs in all time frames, from 5- min to monthly bars. And the
unconscious crowd behavior represented by this fascinating pattern goes well beyond
declining markets. These volatile movements fit perfectly into the larger structure of
herd mentality that drives Pattern Cycles through their orderly and predictable process.

[About FOREXGEN]

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

forex trading

That can be changed to time based targets. Once in a position, trade should be held for a specified period of time, like the end of current trading session. These kinds of simple changes can lower failure rate.

Summer slowdown doesn't have to be wasted time. If one is aware of its existence, advantage can be taken either during this period or shortly after. And, of course, there is one more way of dealing with Augusts’ unpredictability. This one is sure fire and time tested- take vacation yourself.

[ About ForexGEN]

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

What is trader to do

What is trader to do? There are number of ways to take advantage of this pattern. Trend followers might want to enter longer term trades in September, at levels just below/above August lows/highs. These moves tend to be strong and directional, as if traders, after a long rest, were very determined to make trends happen. Most recently, this simple approach has been providing very good results.

Day traders might want to adjust their methods a little bit during the month of August. For example, most targets for trades are derived using some kind of projection technique, which gives target as a specific target.
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forex trading news

This is demonstrated in many different ways. For example, trends tend to be shorter in duration and not as explosives. Chart patterns will demonstrate higher than normal rate of failures. Traders using traditional techniques like Fibonacci numbers and Elliot wave will notice that they are less reliable than during other times. News might cause wilder gyrations than the significance of this development would mandate.

Virtually all aspects of trading are affected to one degree or another.
For years these summer blues were to be expected to take place in July and August. Over last decade, however, they have become confined increasingly to the month of August, but that made them even more noticeable. That surely has to do with increased popularity of spot Forex trading as well as reused level of competition for clients on institutional level.

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Fx trading

Currency markets are not immune to these forces. Granted, since Forex is affected by many more influences, these tendencies have much softer basis than those in commodity markets. The sheer size of FX trading makes it difficult for any one set of circumstances effect to the price behavior repetitively. Even though, there are observable, proven times of the year, when things are different. Enter the summer slowdown.

Summer slowdown takes roots in the fact that a lot of people take vacation during this time. This includes professionals who place orders on behalf of banks, hedge funds and other financial institutions. With ForexGen Since large, commercial, market participants constitute balk of the volume in Forex, their absence creates drop in liquidity. Very often people left at trading desks are not the real decision makers, and don't have necessary authority to commit the "typical" size to transactions. This causes price to behave in even less predictable manner (not that it EVER truly is).

[ForexGEn Trading Support]
Dealing Rooms
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone in these situations:

• If you are not able to access the internet.
• Failing to receive a confirmation on an online order.
• Failing to connect to ForexGen server.

Trading Forex

All financial markets exhibit some seasonal tendencies. These behaviors are more visible in some trading instruments, while others are subjected to less of an impact. Generally speaking, these patterns are considered important enough, that an entire "science" of trading was developed, which deals with this phenomenon. ForexGen that is cycle analysis, and there are market participants who consider this kind of trading the only valid approach.

These seasonal tendencies are most visible in physical commodities markets. There are good reasons for that. For example, grains tend to be cheapest around harvest time, since this is the period of the year when supply is most plentiful. ForexGen Natural gas is typically most expensive during winter, when demand is the highest. Stock market traders surely heard about the "presidential election cycle" as well as the "Santa Clause rally". These are all examples of seasonal patterns.

[Why ForexGen?]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

Forex Day Trading Strategies

There are many forex trading strategy and systems you can see promoted or for sale online - but which are the best? Let's find out... The answer is any forex day trading strategy you try won't work because day trading and scalping by its very nature is doomed to failure - Why? It's simple really if you think about it. You have to decide in a matter of hours or minutes, what a vast diverse group of traders are going to do and this group is countless millions. Chaos in the Short Term They all have different aims, educational levels, some are hedging some speculating, there are long term trend followers, swing traders and day traders and many are governed by their emotions, with greed and fear to the fore, so how on earth can you predict what they will do in short time spans? You can't! All short term volatility is random and you have no way of getting the odds on your side and you will lose. What About the Profitable Track Records You See From Vendors? You may see track records of profits but they are not quite what they seem.

Hunt around for the disclaimer on any of the forex day trading strategies you see sold online and you will see the worlds "hypothetical", "simulated" and "back tested" written in the small print. This means done on paper, not in real time! So these track records count for nothing, there simply made up. Can You Make Money with any Short Term Trading? Yes you can and rather than think forex day trading strategies think - forex swing trading strategies. Swing trading looks at longer time frames, normally a few days to a week and here you can get the odds on your side and that means you can win.

It's still short term trading- but the data is valid and you can calculate the odds which is impossible in day trading. If you like the idea of trading short term this is the way to go. You can put together a robust swing trading strategy quickly and be making big profits in less than 30 minutes per day. So don't believe the hype about forex day trading strategies, go for a short term trading strategy that works forex swing trading. You can avoid an inevitable loss and get on the road to currency trading success.

[About ForexGen]

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

Learn Forex Day Trading Online

Many novice forex traders want to learn forex day trading online and scalp small regular profits to build into big consistent profits over the long term this is article is all about forex scalping and day trading success... If you are considering learning forex day trading online then think again it will lose you money! Why? Because you cannot judge where prices will go in the short term and will lose all your money over time.

The Myth of Forex Scalping and Day Trading Profits Of course there are plenty of forex mentors and gurus who try and sell you forex systems all with great track records and they all have a problem - they all carry this warning, read it: "CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown". If you have read the above you will see why these forex day trading strategies are unlikely to work for you.

- They haven't been traded and are just made up!
- Anyone can make money knowing the closing prices but that's not the real world
- You could ask yourself the question - why if the systems are so good why the sellers don't trade them, shut up, keep quite and not bother you for a few hundred bucks! Well you know the answer these systems are designed to be sold and rely on traders not reading the warning to closely and falling for clever marketing copy. Try and find one without the above disclaimer and your in for a long hard search I have never seen one with a proper real time track record supported by account statements and neither will you and if you do let me know! Forex day trading looks good in theory - but is doomed in practice ask yourself this question: You have a huge number of traders who all contribute to the price and who have different motivations, skills and methods of trading and you have to decide what this unpredictable mass is going top do in a few hours.

Its impossible to do so doesn't bother trying! 95% of forex day traders lose (100% in respect of day traders) and it's hard to make money but it's possible if you put the odds on your side and this means looking at longer term data where you can get the odds on your side. If you want to win you must use valid data that can help you predict the odds - if you can't play the odds you can't win, it really is that simple. Learn Forex Day Trading Online is a loser's game so don't even try it unless of course you want to lose all your money

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No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.