You might not know that you can actually make a lot of money doing forex trading. Forex trading combines margin leverage and a low minimum investment amount; this can be ideal for small investors.

However, in spite of its immense potential for profit, most forex traders lose their money within a year.

The reasons for this, I have found, can be summarized thusly:

1. Investors have unrealistic expectations.

Too many beginning investors read about how easy it is to make money doing forex trading, so that they can easily jump in and lose everything before they realize what has happened.

In fact, forex trading is not a way to get rich quick. You can indeed get rich, but you need to work hard and do a lot of research to be successful. Even then, every trade will not be profitable. Even experienced traders lose on some trades. What's most important is that you know when to cut your losses and get out of something where you're losing money, while you focus on what's making you a profit.

2. Investors don't do enough research.

It's easy to learn forex trading, but hard to really become expert at it. Even though experienced traders can make it look easy, predicting currency prices can be complex. If you are a small investor, you are at a disadvantage because large financial institutions can access resources you can't. They might have an entire staff just to analyze the most recent economic indicators. You, however, are on your own with your own expertise. Expect to spend a lot of time learning before you can expect to really profit from forex trading.

3. Forex trading is meant to focus on investing; it's not gambling.

Don't expect to beat the market without doing research. You can't simply operate on hunches and pick your currency trades that way. Most people who operate this way usually pick an occasional successful trade but lose everything over the long haul.

4. New investors don't focus.

Although it depends somewhat on the broker you use, you can likely trade in dozens of currencies. However, when you're just starting out, pick just a few to focus on that you can become familiar with. These include the Japanese Yen, the US Dollar, or the Euro; focus exclusively on them while you are learning. The more you know about them, the more data you have to analyze and spot trends, which will increase your chances of success.

5. New investors don't have a trading system.

Even though there are many, many trading systems available, many investors fail to pick one and then stick with it. Many, in fact, are free, which means you don't even have to risk any capital on it when you start out. Pick one that is right for you and what you want to accomplish. This will give you a much better chance of success.

6. New investors don't stick with their trading systems.

If you don't have a trading system, get one, and then stick with it. You have to follow it no matter what else is happening. Although this is easier said than done, you can't get greedy or nervous and ignore what it tells you. Follow what your system tells you to determine both when you should get in and when you should get out. If you ignore your system, you risk missing out on making a big profit or risk incurring a substantial loss.

The best forex traders know that it's just as important to know when you should get out of a trade as it is to know when you should go in.

ForexGen Demo Accounts Contest

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 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"

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

capital to invest and the profits can be substantial. Once you have learned the basics of forex, you’re on the

way to making money through the simultaneous buying or selling of currencies. Forex trading is instantaneous;

as soon as you click the mouse, it’s done. The most commonly traded currencies, easiest to liquidate, are the

U.S. dollar, Japanese yen, British pound, Swiss Franc, the Canadian dollar, Australian dollar, and the

Eurodollar.

Unlike the stock market, forex trading has no central exchange. With forex, you can make a profit whether the

market is up or down vs. only making money when the stock market is on the rise. By taking the long position

with a pair of currencies, the forex trader buys at one price and sells when it reaches a higher price. The

other option for the forex trader is to go short by selling currencies, anticipating depreciation, and then

buying back when the value falls. The forex trader can pick either direction, long or short, and if correct, he

will generate a profit. You can also set up a certain point (limit order) based on the amount of profit you

want to earn to automatically limit the order. In the same way, you can stop or close an order to automatically

liquidate if the currency trade is going against you.

In general, the strength of a country’s economy determines the value of its currency. Other factors to take

into consideration in forex trading are the political and social status of the country, interest and employment

rates, and the overall stability of its government. You will learn to see patterns or trends as you become more

familiar with the in’s and out’s of forex trading.

The Forex market is a 24-hour trading place, Sunday through Friday, giving you the option of trading at any

time of the day or night. Unlike the stock market, it doesn’t close with the ringing of the bell.

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.

Individualized services:

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.

You must change your mental attitude first from a normal person to that of a speculator. Almost all traders I have met, except a few successful ones who really made millions and billions trading in the market, simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader?s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95% of traders are a failure in the long run.

Acquiring the knowledge of the market is not difficult for anyone with average intelligence after a few years of hard study in the market. But it is neither the level of intelligence nor the knowledge that decides the outcome of the market operations of a trader. It is the decision making process that is so hard for most traders to overcome and that is the main reason for a success or a failure for all the traders. Some find it easy to make decisions and stick to it and most find it so hard to make decisions and stick to it. Unfortunately, any decision making process in trading is a pain-taking process and humans tend to avoid pains and go for pleasures even if for temporary ones. Assuming one has acquired enough market knowledge and acquired one?s proven trading system (this is the second most important element of success in trading, in fact. An edge in any system is based on the quality of info one has, charts being only an info of secondary quality not the best one)

Through studies and research, a trader faces the task of making decisions to put this knowledge and system into practice. Then, how many traders can honestly say they can commit their ranch when the trade is suggested by their own system (given that trading is just a chance game) and let the profit run for weeks and months when their system tells them, and how many can manage to cut the loss as a routine process when the situation arise. It all sounds so easy when saying it but so difficult when doing it affecting real money in the market. I still do not sleep well when I am running position because even if the profits are running into a few hundred dollars and the system is telling you to carry on, there is no guarantee that the profit will turn into a yard or two in a month time, and it may even turn into a loss in a day or two when something unexpected happens. A painstaking process in real sense. The pain is not knowing what will happen in the future and in fear of losing. So at the end of the day, assuming one has decent trading system and market knowledge and decent info, it is ultimately how disciplined and how well that trader can take the pain of making right decisions at the right time that decides the outcome of the trades. Hence I call trading a mind game. When I interview prospective young traders, I always look for disciplined and strong-willed person as my first priority as long as one has decent education, but strangely in many cases, it is some kind of genius or half-genius with lots of brains with no disciplines who turn up for an interview thinking only bright people can make good traders.

ForexGen Scalping Enabled Account

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. 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. 

Advantages of No Dealing Desk Option

·         Trade the news without intervention or restrictions

·         Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.

·         Place scalping orders without intervention or restrictions.

·         A client-friendly trading environment, No re-quotes.

·         Ability to place orders inside the spread

·         Competing rates from multiple banks

·         Spreads are variable and can move sharply

·         Ideal for active or professional FX traders

  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.

Although every investment involves some risk, the risk of loss in trading off-exchange forex contracts can be substantial. Therefore, if you are considering participating in this market, you should understand some of the risks associated with this product so you may make an informed decision before investing.

Forex dealers are not all regulated the same way. Only regulated entities, such as banks, insurance companies, broker-dealers or futures commission merchants, and affiliates of regulated entities may enter into off-exchange forex trades with retail customers. Therefore, you should make sure the dealer is regulated and check out the dealer's registration status and background with its regulator.

Although forex dealers must be regulated, firms and individuals can solicit retail accounts for forex dealers and manage those accounts without being regulated. Therefore, you should find out if these persons are regulated. If they are not, you may be exposed to additional risks.

You can verify Commodity Futures Trading Commission (CFTC) registration and NFA membership status of a particular firm or individual and check their disciplinary history by phoning NFA at (800) 621-3570 or by checking the broker/firm information section (BASIC) of NFA's Web site at www.nfa.futures.org/basicnet/. You may also contact the other organizations listed at the end of this Alert.

You should protect yourself from fraud. Beware of investment schemes that promise significant returns with little risk. Carefully check out the firms and individuals you are dealing with. You should also take a close and cautious look at the investment offer itself and continue to monitor any investment you do make.

The market could move against you. No one can predict with certainty which way exchange rates will go, and the forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your forex contract and the potential profit and losses relating to it.

You could lose more money than you initially invest. You will be required to deposit an amount of money (often referred to as "margin") with your forex dealer in order to buy or sell an off-exchange forex contract. Only a relatively small amount of money can enable you to hold a forex position for much more than the account value. This is referred to leverage or gearing. The smaller the deposit in relation to the underlying values of the contract, the greater the leverage.

If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire initial deposit and the liability for additional losses.

Buying and selling forex options present additional risks. Many of these risks are similar to those inherent in buying options on futures contracts. Therefore, you should consult NFA's brochure, Buying Options on Futures Contracts: A Guide to Uses and Risks.

You are relying on the creditworthiness and reputation of the other party to the transaction. Retail off-exchange forex trades are not guaranteed by a clearing organization. Furthermore, funds that you have deposited to trade forex contracts are not insured and do not receive a priority in bankruptcy. Therefore, you should know who you are dealing with.

There is no central marketplace. Unlike regulated futures exchanges, in the retail off-exchange forex market, there is no central marketplace with many buyers and sellers. The forex dealer determines the execution price, so you are relying on the dealer's integrity for a fair price.

The trading system could break down. If you are using an Internet-based or other electronic system to place trades, some part of the system could fail. In the event of a system failure, it is possible that, for a certain time period, you may not be able to enter new orders, execute existing orders, or modify or cancel orders that were previously entered. A system failure may also result in loss of orders or order priority.

Why ForexGen?

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 18+ countries.

ForexGen offers Forex trading in the major currency pairs and crosses.

Low capital start, with $250 as a minimum account size.

Liquidity and 24/5 availability are the characteristic factors of the Forex market compared 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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership

This part of technical analysis works perfectly. It isn't based on any complicated indicators just on past and current price action. Basic technical analysis include all methods based on drawing trend lines, recognizing sideways trends and breakouts from it. Also major and minor support and resistance levels, gaps, stoploss hunting and all things plainly visible on any price chart. Knowledge and experience in spotting and using them is vital for gaining success on any financial market around.

Trend is your friend

Most of people when sit before price chart with very strong up trend sells as they see that it won't go any higher. If you traded before you certainly know this course of action but let me ask you - what is the probability that trend will break just when you start to watch it? Most of people when they see situation for a first time would buy but longer they try to trade then they spend more and more time on trying to recognize top of tops or lowest bottom and buy/sell on them. I assure you that entering with trend and getting profit is much easier than spotting highest highs or lowest lows.

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, 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.

The best course of action to take sometimes isn’t clear until you’ve listed and considered your alternatives. The following paragraphs should help clue you in to what the experts think is significant.

FOREX traders almost always rely on analysis to make plan their trading strategies. There are two basic types of FOREX analysis – technical and fundamental. This article will look at fundamental analysis and how it used in FOREX trading.

Fundamental analysis refers to political and economic conditions that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.

Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.

Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.

Indicators

Various indicators are released by government and academic sources. They are reliable measures of economic health and are followed by all sectors of the investment market. Indicators are usually released on a monthly basis but some are released weekly.

Most of this information comes straight from the Forex Fundamental Analysis pros. Careful reading to the end virtually guarantees that you’ll know what they know.

Two of the most important fundamental indicators are interest rates and international trade. Other indicators include the Consumer Price Index (CPI), Durable Goods Orders, Producer Price Index (PPI), Purchasing Manager’s Index (PMI), and retail sales.

Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.

Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.

International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavourable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavourable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.

ForexGen Services

Client Services

      Customer Support   

      Trading Support   

ForexGen Partnership

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 large income sharing plan.