ForexGen Money Management

Trends Again you have probably heard the maxim "the trend is your friend" and it is true. Currencies have long periods where they are either in an upward or a downward trend. All you have to do is get on the right side of the trend and you are in the money and Forex trading software can help you do this so you don't have to be in front of the computer constantly.

Once you are in the market riding either an upward or downward trend, ride it all the way to the beach.
Get yourself some Forex trading software that identifies trends, entry and exit points and get started. Apply good money management and you will maximize your profits and minimize your losses.

How To Choose Your Forex Broker ??!

The best thing to do is to find these legitimate companies to stay away from fraudulent ones. However, most new traders fall prey to these scammers because of their savory offers.
Don't get fooled by the companies that advertise high profits for minimal risks. The fact is that, if you want to earn high profits, then you are likely subjected to high risks as well. Higher rate of profit means higher risk.

So, always stay on the safer side. If you're looking for a forex trading broker, and since each broker is part of a certain company, make sure that you select a government registered company. In signing any contract with them, double check if they are registered or certified brokers. This is one basic precaution that will prevent any misfortune that you might encounter in the future.
The job of reducing the risk is entirely yours, not that of the broker; so if the company offers or promises little risks, guaranteed profits, and the like, that is a sure sign that they are there to make a fool out of you.

Even if you are not a professional trader, a little use of the common sense can help in long run.

Emotion Plays No Role in Forex Trading

All market trading is a form of gambling, and as any gambler will tell you the bets most likely to work out badly are ones based on emotion. All traders have gut instincts, but a trade should always be well thought out and based on facts or research. Gut instincts may be right every now and then, but most of the time they are a result of greed or fear and can cost you a lot of money. Before each trade, use a diary to map out a solid plan of entry based on your trading system signals

For example, knowing when to exit a deal is vitally important, so you should know at which point you’re going to pull out, both on the high side (a winner) and on the low side (a loser). When the deal hits this price, follow your plan to exit no matter what your emotions are telling you.
Continual learning might seem obvious, but you’ll be surprise how many beginners read one book and think they know everything. All of the greatest traders are continually learning from their successes and especially their mistakes to get better. There are literally hundreds of strategies you can follow with Forex, and learning more about new ones can fine tune your trading and increase your profits.

The geographical location of the broker

The first thing I look for is the geographical location of the broker. If I find that they are based in a country where the financial industry is, in my opinion, relatively unregulated and under-developed, I quickly forgo signing up. This is terrible news for honest brokers in those countries, but your job as a trader is to protect your capital. If you loose that, then you cannot trade. The onus is on them to convince you that they will do the right thing by you as an investor.
I started out with an Australian broker. Currently I am using an American one. I have not tried UK-based brokers but the British financial industry is one of the best. Companies that are based in countries such as Japan , Germany and France are probably just as good too, if their website speaks your language.

Notice any license numbers that they may have registered with regulatory bodies that act like government watchdogs who oversee the finance and investments industries. These are organizations that impose strict rules to safeguard your investment. Some of these rules may include the requirement that brokers segregate all customer funds from the operational funds of the business. Your money is required to be put in highly-reputable banks and the funds are only withdrawn from these accounts upon specific withdrawal requests.

Win Cash Prizes

Win Cash Prizes with ForexGen

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.

The Lowest spreads in the market

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 Signal Trading:

If the core equity level falls, you can lower your risk amount, while you can also raise the risk level as your core equity rises. Just as on a profit of $8000, the core equity can rise to $18,000. Similarly, on limiting risk to $800, the core equity will fall to $8000. Experts opine that as you enter a position, it is advisable to try to limit risk to 1% to 3% of each trade. This reiterates the fact that, on trading a standard FOREX lot of $100,000, your risk should be limited between $1000 and $3000.

Forex Money Management is all about calculated risks at the right time and protecting your assets. It is imperative to understand that when placing options, and buying them; it is wise to get plenty of time on your side. Although, traders are known to identify trade direction, however, most fail to stay with trades simply because they cannot implement their money management correctly.

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.

Based on money management strategy, diversification, martingale and anti-martingale strategy and high return strategy, the various strategies for Forex Money Management are formulated for approaching money management. Most of them rely on the calculation of core equity – which is the starting balance minus the money used in open positions. If the starting balance is $10,000 and you have $1000 in open positions, your core equity is $9000. It is imperative that as a trader you need to adjust the dollar amount of your risk, with the rise and fall of the core equity.

How can you learn from The Stock Market Competition ??

some several different variations but the ultimate objective are always same at the stock market competition. How will the competition goal help the teaching assistant the stock market
operation use genuine money and the true stock market statistics. This meaning is having the usual several teams and the student or the player is divided the team. Has the most moneys in the terminal the team usually to win some kind of prize for to make the best financial decision.

Many schools and the use stock market competition help the teaching assistant to use in fact in the true life some advance skills in the arithmetic. This is a huge way helps the student to obtain some with otherwise not to be able to be possible as well as helps a middle most universal form existence at the experience by the arithmetic which the teaching assistant probably invests in the world method. Has traded take many companies is one kind of extremely unwise investment investigates the stock market performance stock market in it as the student and other people to compete several circles in front of in the investment genuine money stock market.

what should you look for in a broker?

First,forex brokers should offer competitive spreads, or the difference between the selling and buying prices of a certain currency. Good forex brokers competition offer anywhere between 3 and 5 pips, the ideal spreads that can make sure you are gaining from your investment. Avoid as much as possible those forex brokers competition that offer variable spreads, as you may find a spread that suddenly widens during a busy market, which is where you would gain money, but only if the market is bullish.

Another good indication of a reliable broker is one who uses a secure online connection to take payments and funding for your forex currency account. This ensures smooth trading, because you don’t have to make time-consuming e-commerce transactions just to get money into your account, and another transaction to transfer profits to your bank account. Remember, you don’t only trade, but you also have to look at forex brokers competition data in order to make decisions. You don’t have the time to make time-consuming transactions in between.
Next, as a way to maximize your potential profits when engaging in the trade, you need to have a forex broker competition that will grant a leverage of about 200:1. This is the ideal leverage that forex brokers competitive should have; however, there are some that offer higher leverages. These leverages even reach 400:1 as a maximum, offering your higher potential profits from your forex currency trade.