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.