Friday, November 28, 2008

ForexGen | Understanding the Risks Involved in Foreign Exchange Trading

After finding reputable brokers, you need to gather more information about how they do business, are they readily available to answer questions, or resolve complaints. You can do this by reading what they have on their website, and by calling them on the telephone to see how quickly and how well they respond, or getting advice from the many chat rooms about forex, including those provided by the broker. Although almost all forex broker review is done over the Internet nowadays, sometimes Internet connections don’t work, or the company’s trading platform isn’t working the way it should or the way you think it should, so it is very important that they also provide telephone service.

Most brokers offer both regular and mini-accounts, and require trades in specific lot sizes. A regular account usually requires at least a $10,000 deposit, and lot sizes are 100k—that’s 100,000 units of currency—and leverage ratios up to 100:1. With a ratio of 100, it takes only $1,000 to buy or sell $100,000 worth of currency. A pip is equal to 10 units of currency with 100k lot sizes. If the currency is USD, then 1 pip = $10.
Mini-accounts require a deposit of as little as $100, and lot sizes are usually 10k, with leverage ratios as high as 200—$100 can buy or sell $20,000 worth of currency. A pip = 1 unit of currency. If the currency is USD, then 1 pip = $1. You can generally buy or sell as many lots as you have leverage for, so a mini-account allows smaller increments. For instance, with a mini-account, you could buy or sell $30,000 worth of currency, but with a regular account, the minimum would be 100,000 units of currency, or increments of 100,000 units.
Managed funds are accounts in which the forex broker review does the trading for the investor for a fee.

Many brokers, especially those with international offices, also have accounts for other currencies for traders in other countries.
The most important criteria in selecting a forex broker review after assuring yourself that they are reputable brokers is the trading platform, the currency pairs offered, and the spread, the difference between the bid/ask prices, which is how the forex broker is compensated, and the best way to judge these criteria is to open practice accounts with several brokers, which most offer, and trade for about a month in each account.
Practice accounts allow you to trade forex using live market data and using the company’s software, but without using actual money. It is important to practice with such an account, because forex broker review can be confusing, and using the software will take some learning, especially to use the software proficiently.

Practice accounts are a good way to test your ability to actually enter transactions, and that you understand them. If the software doesn’t allow you to do something, this may indicate that you do not understand something correctly. Or it could be a bug in the software. Either way, you must determine what the problem is before you risk real money.
If you are going to begin trading with a mini-account, which is highly recommended, then you should also start with a practice mini-account. This will give you a better idea of actual profits and losses, both from trades and from interest.

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.

ForexGen | Basics for Beginners


If you've learned the basics about stocks, bonds, and mutual funds (see the "Basics for Beginners" series in the link boxes to the right) and are ready to invest some money, it might be time to consider whether you want to use a broker, and if so, how you should go about doing that.
You can invest in stocks, bonds, mutual funds, and other types of investments through a variety of different investment professionals and institutions, including brokerages, banks, insurance companies, and individual mutual fund companies (Fidelity, Vanguard, etc.).
Opening a brokerage account is similar to opening a bank account. You'll sign a new account agreement, which you should read in full, no matter how boring. If there's something you don't understand, ask questions. This agreement determines your legal rights concerning your account.
forex broker review won't develop an overall financial plan for you. Brokers make recommendations about specific investments, like stocks, bonds, or mutual funds, and charge you a fee or commission when you buy or sell through them.
You can hire someone to help you make investing decisions though, such as a financial planner, investment adviser, accountant, etc. Most of forex broker review will be more than happy to give you investing advice, but be sure you know about all of the fees and commissions they'll be paid, both by you and the investment company, and check out the investments they recommend.

Nobody is going to have your interests at heart as much as you do, so don't turn your investing decisions over to a broker or other advisor without knowing how and where they're investing your money.
When buying mutual funds from a broker (or anyone else), ask if the mutual fund has a front or back load. If a fund has a load, it means they charge you a percentage of the value of your purchase, either up front (front load) or when you sell the shares (back load).
Discount brokerages charge lower fees and commissions than full-service brokerages, but don't usually offer investment research services. Since there are so many good Internet sites for doing your own research, this is not usually an issue for someone who is willing to do a little work. Morningstar.com is one such excellent site. There are many others. When using an Internet site, be sure you're using one with a good reputation.
If you decide to use a brokerage, check them out thoroughly their forex broker review One of the best ways to do begin this search is by word of mouth. Ask people you know who have used a brokerage if they would recommend the brokerage to others. Arrange a meeting in person with the advisor you're considering (preferably with more than one).
One of the decisions you'll need to make is whether to give "discretionary authority" to your broker. Discretionary authority allows your broker to invest your money in whatever he or she chooses, without consulting you about the type of investment, the price, the amount, or how much to buy or sell.

You've heard stories in the news about investment advisers who have "churned" an investor's account. This is the practice of buying and selling investments from within the customer's account in order to earn commissions, often whittling away at the customer's balance. Most brokers will be straightforward with you, but prevention is the best medicine, and prevention is achieved by having an understanding of the process, a knowledge of what investments you own, and by communicating with your advisor.
You can avoid the costs of a forex broker review and earn close to the full returns of the entire stock market if you buy a no-load index fund directly from the mutual fund company, such as Vanguard or Fidelity. (for more about index funds, see "Basics for Beginners: What's a Mutual Fund?

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 | Real Trade Reviews


Forex broker review has been on the market since 2001. Real trade is addresses and registered at Louisiana, USA. The review of this forex broker will highlight about trading term, capital, leverage, spread, server, swap, trading platform, account opening, deposit and withdrawal operation, bank guarantee, customer support, partnership, and trading diversities.
forex broker is very suitable for newbie in forex trading. This forex broker review supports micro, mini and forex trading. The minimal size of contract for micro forex in Real Trade is 0.01 lots and 0.1 lots for mini forex and forex. Furthermore, the maximal size of contract in Real Trade is 0.5 lot for micro forex and 100 lots for mini forex and forex. Start from the new beginner in forex trading will be very happy when trading in Real Trade, because with only $20, you can start trade micro forex in this forex broker. The leverage in Real Trade starts from 1:100 until 1:200, quite interesting especially for newbie in forex trading. The spread in Real Trade is competitive and fix.

In this Forex broker, spread is start from to 3 pips up to 8 pips. Trading news in this forex broker is very profitable because their spread is fix, no spread change when news time. Real Trade's server also supports news trading. forex broker review is very stable, no down time at news release, even when the NFP data release. Real Trade use swap regulation and no free swap policy for Moslem trader. At Real Trade, you can download Meta trader trading platform for free. However, this forex broker's Meta trader does not support news because there is not news tab in Real Trade's Meta trader. Real Trader charges $45 to have their Mobile Meta trader; quite expensive in consider many other forex brokers review it freely.
To join forex trading at this forex broker review is very easy. You can open a new account from anywhere in the world within 5 minutes via internet. Deposit and withdrawal in Real Trade is pretty easy and fast. In this forex broker, you can deposit and withdraw via e-gold and wire transfer. The deposit and withdrawal to Real Trade's e-gold is quite fast, in 1 hour to 24 hours the deposit and withdrawal is finished. However, this forex broker charge e-gold fee when you deposit to their e-gold account. We do not recommend you to trade a large amount of money at Real Trade because this forex broker does not have bank guarantee. Real Trade's customer support is moderately good.

Although this forex broker review doesn't have live chat customer support, they respond email quite fast in working hours with satisfaction answer. This forex broker also brings opportunity to open Real Trade branch office or to be their IB (internet broker). In this forex broker, you can also trade CFD besides trading forex.
Well, it can be concluded that Real Trade can be said as one of the best company in forex trading especially for newbie and small capital trader.

ForexGen Partnership
ForexGen offers three types of business partnerships.
  • Introducing Broker
  • White Label
  • Money Manager

ForexGen |Stealth Forex broker Review

Once in a while a system makes a mark on our imagination. Stealth Forex System is one such Forex Trading Software that has given an impetus to almost each new trader on the block. People who just understand the basic concept of support and resistance are found to be hitting winning trades, generating greater pips per trade and working out profits on a smaller timeframe through the Forex Trading Software.
It is remarkable how the Forex broker review does not ask for technical know-how or mental strength of the game. It does not work entirely on news releases either. All it does is guide us through its Forex broker review which gives us indicators and signals for trading. Stealth Forex broker Review helps us achieve far lesser drawdown and lets us effectively day trade through its stop loss indicators. Placing timely stop losses help minimize the losses greatly.

The Stealth Forex broker review bestows us with precision trade entry and exit points. Now the downloaded board assigns us when to hit the mark, it further lets us know when to call it quits. Differentials over the board let us make up your mind on pushing in soft trades. This include sForex Scalping.
The chance of losing out money is highest when the market is undergoing a phase of uncertain sideway movement. There is the added issue of low volumes which the Forex broker reviewed guards us against. Further there is the time of breaking market capitalization and subsequent fall in the bluechip meter, the Forex Scalpers are tipped upon the small caps to make the most of opportunities then.

The entry points are synchronized with stop loss indicators and drawdown are minimized to nullify chance of losses. This thus becomes a win-win game.

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 | Are You Looking For A Forex Broker


Forex broker review can either be individuals or agencies who will do their best to help you profit from the market and cover the risk of the investment that you made. You Forex trading will largely depend upon your broker as he or she will help you to succeed in the Forex market .
The forex broker review does several things: helps you to manage your accounts, executes your orders and keeps you informed of market trends. You will need to take a look at the forex broker rating before you decide to choose a broker.
If you have Internet access, then you will find many website that suggest forex broker review . Some of the important things to know is what the minimum amount is to open an account, will there be any commission charges, etc.

You must make sure that your Forex broker review has the right qualifications. Now that your list has been narrowed, it is time to research your choices. One good idea is to send some e-mails out to your customer service people and see how long it takes for them to respond.
When considering a forex broker review, find out just how fast it takes him to execute an order. You should also find out how much slippage you can expect.

Here are some other key points to consider when looking for a forex broker review:
1. Available currency pairs - Each forex broker will have, at the minimum, the seven major currencies.
2. Transaction costs - The forex broker is paid based on the bid ask spread. There should be no other hidden charges or fees. If the spread is smaller, that means it is better for you. Pip spreads vary from broker to broker so do some competitive shopping.
3. Free analysis tools - You will need to have some charts and technical analysis tools to be able to spot trends and plan your entry and exit points. Most brokers review their basic services at no charge. If you require something over and beyond the basic service, there may be an additional charge.
4. Immediate execution of orders - You will need a broker who will be able to consistently execute your trade swiftly.
5. Superior customer service - If you need assistance, your forex broker should respond quickly and efficiently to any question that you may have. Representatives should be available around the clock either by telephone or e-mail.
6. Margin requirement - If you want to have more leverage, choose a low margin requirement. You can use margin to your advantage to produce huge profits.
7. Minimum account balance - Since you are a small individual investor, you must try to find a forex broker review who does not require a hefty balance to open an account.
8. User-friendly trading platform - Before deciding to go with one particular broker, choose a few forex brokers and ask to sign up for a free demo account.

You would do well to trade with play money while you are deciding which broker and which program works best for you.

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.

Wednesday, November 26, 2008

ForexGen | How to Discover the Best Forex Broker Through Online Reviews

$3 trillion dollars a day. That is the approximate amount of money which is being traded in the foreign exchange market on a daily basis. This enormous amount of money just goes to show how liquid the market is. Basically, what the foreign exchange or forex market involves is trading one currency for another. Those who are involved in the forex market include national and international banks. Multinational corporations, governments, other financial institutions, traders and currency speculators are the other participants in the foreign exchange market. So how can you determine which best broker forex it is that you have to deal with? How can you have a familiarization of the forex market in general?
First up, let us take a look at how to determine the best broker forex in the market today. Just as it is when purchasing any type of product in the market, one of the best ways to get information about it is through online reviews. Those who are looking for the best broker forex can look for the top rated brokers by browsing through forex chat rooms, forums and other sites which will provide you with the firsthand information that you need.

By checking on these online reviews and best broker forex comparisons, you can get feedback about the pros and cons of going for a particular broker. Looking for the best broker forex is important because brokers provide you with the best service and assistance while you are deeply embedded in the foreign exchange market. A good forex broker will not bill you with unnecessary charges – while at the same time helping make the most out of your investments in the foreign exchange trading market.

Now, after determining which best broker forex it is that you need to deal with, the next thing that you need to learn about are some tips on how you can make the most out of your time in forex trading. Remember that despite the fact that foreign exchange is a highly liquid and volatile market, it still requires a slightly different way of investing as compared to equity or other types of financial markets. It is usually the advanced trader who takes advantage of the available leverage and large profit opportunities in the foreign exchange market – because as experts, they know the potential that it will bring. On the other hand, there is also a certain risk involved in dealing with the forex market.
If you want to excel in the forex market, the first thing that you should do is be aware of the financial risks that you are taking. You should also be familiar with the risk management schemes so that you can make the most out of your time while trading in the foreign exchange market. Finally, always take into consideration the importance of looking for the best foreign exchange broker services that can help you be a master of the ins and outs of one of the world's largest financial markets, which is foreign exchange

ForexGen Customer & Trading Support
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.

ForexGen | Forex Software Review-Which Ones Are the Best?


Forex trading is not as easy as it seems to be. And you could lose a whole deal of investment
if you are not careful about it. But to examine forex software and find out which forex software review honestly tells you the best deal to benefit your trading investments are rather grueling tasks to perform at times.
However, the latest forex software review reveals that any investor shouldn't have to shell out money for a forex trading platform because free forex software such as the Metatrader or charting software with the majority of forex brokers in it is more than enough to get you into trading success. As a matter of fact, it says that these kinds of trading platforms have a real streaming of data and basic indicators that are good for your forex trading.
The latest forex software review also states that most companies that constantly promise that they have the best and most trusted forex trading software are merely providing investors with repeated lagging indicators. If they really do have the best suit in town, then why do we have 95% of forex traders failing miserably in the business?

The truth is these indicators they are boasting about are more often sheer mathematical formula of what the market has been doing or has done in the past. These lagging indicators cannot anticipate the movement of the market nor can give you the real score of the present condition of the market. What their indicators truly do is to cover up the information that traders actually need.

Whilst some traders ignore, the strongest and best indicator is actually the market itself. They key of the business is in the continuous and changing movement of the price. Price is the real deal of the trade. Observe the popular traders over time, and they all have one indicator in the market - that is the price. You see all the fancy offers that these forex software companies cannot compete with the strategy of pricing.
Traders should not fall for every forex software review, but I'm not saying that most reviews are lacking clarity and sense. It just so happen that some reviews do not really know the meat of the trade. Some plainly rely on what's new and popular software in town and give them good words for it. Although what is good about reading different software reviews is that you get to compare ideas and see for yourself what the truth is behind all this ranting about trading software.

Forex software review may, at some points, also discourage you or disappoint you with the flow of the trade. Instead of helping you out, reviews brings confusion to the possible trader. The rule of the trade is not to just head out to the sea unless you know that you have the best ship with you. Always remember that in every business the secret of the trade is always a powerful bag of collected knowledge.
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.

Friday, November 21, 2008

Forexgen|Forex Broker Review: Understanding the Risks Involved in Foreign Exchange Trading


No matter what the status of the economy is, the foreign exchange market still remains to be one of the most volatile and highly liquid financial markets in the world. To have a deeper understanding of what the foreign exchange market is all about, here is a brief definition of the term. Foreign exchange or forex refers to the trading of one currency for another. Did you know that this type of financial market averages $3 trillion in currency traded a day? Based from this staggering amount alone, you can clearly see why investors and all the other financial institutions would be tempted to dip their hands into the foreign exchange market. Now, if you are a beginner in foreign exchange trading, what are the things that you need to remember about forex trading system? How can you use forex broker reviews to your advantage? More importantly, what are the risks that you need to take if you are involved in the foreign exchange market?

Let us address these forex-related questions one at a time. First, what are the things that you need to remember about the forex trading system that you should use? Basically, this is the primary tool used by investors and traders who would like to take a part of the financial success brought about by the foreign exchange market. When looking for the best forex trading system, take into consideration the success rate of the system itself. This is when forex broker reviews online have proven to be helpful. When you check out these online reviews, you would know whether the forex trading system will tell you when and how to enter and exit a forex trade. You would also have an idea about the quality of support that you will get by subscribing to a particular forex trading system.

As you can see, consulting the online forex broker reviews is an important part of your success in forex trading. Now, after taking a look at the forex broker review sites to determine which broker will give you your money's worth in forex trading, the next thing that you should take into consideration are the risks involved in the foreign exchange market. Just as it is with any other type of financial market, there are risks involved in forex trading. This is where forex broker reviews come in handy. The live forex chat sites and forums will give you an idea about the things that you should watch out for when dealing with the foreign exchange market.

Forexgen Live Accounts Contest

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!