Foreign currency trading is the most profitable and powerful way to make money today in the world. It is a 2.5 trillion dollars daily global market and business. For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousands of years.
This is because it is the jealously guarded “SECRET” of how the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas make their money and get rich.
We stop out of a trade when we no longer want to hold onto that particular position. The question that arises is: WHY do we want to get out of that trade?
There can be 2 reasons for stopping out of a trade. EITHER the market tells us that our intrinsic
View or Directional Assessments itself was wrong. OR we stop out of a trade (even if we still believe in our basic Bullish or Bearish reading) because we think we can establish another position at a better level than the previous one.
The effort should be to choose a meaningful SL which is neither too close to the entry to get activated soon after entry (only to have the market go back in the original direction thereafter), nor so far away from the entry that we have no time or space left for follow up action.
The difficult part about the paragraph above is that it requires us to have a Trading Plan or Strategy and to choose our Entry much more carefully than we tend to do, in accordance with that plan.
Follow through action required we come back to the reasons for wanting to stop out. In the first case, when our directional reading has been proved wrong, we should look to enter into a trade in the opposite direction - a case of Stop-and-Reverse (SAR). It needs to be pointed out here that it is NOT necessary to SAR at the same instance and level all the time. If you are an intra-week (or longer) trader, you can enter into a reverse trade after stopping out of the original trade, allowing yourself time to reformulate your strategy.
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.
An Example for one of the Money Manager’s bonuses:
Deposit Amount (US Dollars)
Bonus
Added to
$50,000
$1,500
Master Account
$100,000
$3,000
Master Account
$250,000
$7,500
Master Account
$500,000
$15,000
Master Account
$1,000,000
$30,000
Master Account
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.
ForexGen “no maintenance margin policy” means that our clients’ positions can reach and go below the margin requirements without ForexGen close their opening positions. Throughout the week your positions may fluctuate and ForexGen will take no action. We only require you to respect the margin requirements by Friday 23:00 GMT and before holidays.
“No maintenance margin policy” means if your positions go below the margin requirements, we don’t close your account or even give you margin calls. However, if you approach the level where the loss of your open positions approaches the balance of your account, you will be stopped out and your positions will be closed. Stop positions will be executed when there is only around 5% equity of the required margin left in your account. Offering “no maintenance margin policy” to our clients gives more flexibility and confidence to our clients, as they can decide for themselves when they want a position to be closed. Sometimes if the price is going against you, many of our competitors would close the position if it goes below the required margin - even if the price bounces back the next moment. We give the client complete control over his positions.