Opening an Account Online

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

Buying New Highs and Selling New Lows

One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time.An example would be to sell a new 10-day low to enter into the trade and use a new 10-day high as your trailing protective stop.

This allows one to trade on the daily chart without having to follow the market throughout day. To set your trailing stop, you just have to check the daily chart after the 5PM Eastern close to see what the highest high of the 10 previous days was. If it was different from the previous day’s stop level, you just move your stop, if not, you leave it alone.

You can do this until the market comes back up to stop you out, meaning you are trying to get the most out of the move. The key is to only trade in the direction of the trend as that is where you will find some of the biggest moves.

much as a new 40-day high or low to enter into or exit out of a trade. You can also use this approach on an intraday chart, although I would recommend using higher values.

Perhaps a 20-period high or low on the 4-hour or hourly chart would be more appropriate than a 10-period high or low. You have to check to make sure. But it is easy to backtest this approach as it is easy to identify new highs and lows….either they are or they aren’t. The key to trading on the intraday charts is once again to only trade in the direction of the daily trend.

While this money management approach may not be perfect, it is better than most money management strategies used in the markets and is relatively easy to use. That makes it a valuable tool worth looking into by traders who currently struggle with how to get into and out of a trade

Open Live Account with ForexGen

ForexGen offers the swap-free accounts. Swaps will not be applied to ForexGen accounts.

Mini Account

Min Acc. Size $ : 250

Rec Acc. Size : 1000

Max Acc. Size $ : 2500

Swap/Comm : n/a

Lots Available : mini-micro

Lot Size : 10,000 unites for mini lot and 1000 unites for micro lot

Leverage : From 1:200 up to 1:500

Trading symbols : 24 major and cross forex spots+ silver and gold

Spread Majors : Fixed 2 pips sprea

Spread Crosses : Fixed (3+ pips spread)

Pip Value for spots : $1 Per Pip -mini lot and $ 0.1- micro lot

News & Charts on platform : Yes

Lot Margin : ($ 50-mini and $ 5- micro lot) with leverage 1:200, ($ 33.33- mini and $ 3.33- micro lot ) with leverage 1:300,($ 25- mini and $ 2.5- micro lot ) with leverage 1:400($ 20- mini and $ 2- micro lot ) with leverage 1:500

Trading execution : Dealing Desk Enabled, OTC execution