ForexGen Analysis

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.

Forex charts are based on market action involving price. There are five categories in Forex technical analysis theory:
* Indicators (oscillators, e.g.: Relative Strength Index (RSI)
* Number theory (Fibonacci numbers, Gann numbers)
* Waves (Elliott wave theory)
* Gaps (high-low, open-closing)
* Trends (following moving average).

Some major technical analysis tools are described below:
Relative Strength Index (RSI):
The RSI measures the ratio of up-moves to down-moves and normalizes the calculation so that the index is expressed in a range of 0-100. If the RSI is 70 or greater, then the instrument is assumed to be overbought (a situation in which prices have risen more than market expectations). An RSI of 30 or less is taken as a signal that the instrument may be oversold (a situation in which prices have fallen more than the market expectations).

Stochastic oscillator:
This is used to indicate overbought/oversold conditions on a scale of 0-100%. The indicator is based on the observation that in a strong up trend, period closing prices tend to concentrate in the higher part of the period’s range. Conversely, as prices fall in a strong down trend, closing prices tend to be near to the extreme low of the period range. Stochastic calculations produce two lines, %K and %D that are used to indicate overbought/oversold areas of a chart. Divergence between the stochastic lines and the price action of the underlying instrument gives a powerful trading signal.

Moving Average Convergence Divergence (MACD):
This indicator involves plotting two momentum lines. The MACD line is the difference between two exponential moving averages and the signal or trigger line, which is an exponential moving average of the difference. If the MACD and trigger lines cross, then this is taken as a signal that a change in the trend is likely.

Number theory:
Fibonacci numbers: The Fibonacci number sequence (1,1,2,3,5,8,13,21,34…) is constructed by adding the first two numbers to arrive at the third. The ratio of any number to the next larger number is 62%, which is a popular Fibonacci retracement number. The inverse of 62%, which is 38%, is also used as a Fibonacci retracement number.

Gann numbers:
W.D. Gann was a stock and a commodity trader working in the ’50s who reputedly made over $50 million in the markets. He made his fortune using methods that he developed for trading instruments based on relationships between price movement and time, known as time/price equivalents. There is no easy explanation for Gann’s methods, but in essence he used angles in charts to determine support and resistance areas and predict the times of future trend changes. He also used lines in charts to predict support and resistance areas.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

Are You Technical or Fundamental? | ForexGen

Basic Forex forecast methods: Technical analysis and fundamental analysis.
This article provides insight into the two major methods of analysis used to forecast the behavior of the Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast tools for the Forex trader. They have the same goal - to predict a price or movement. The technician studies the effect while the fundamentalist studies the cause of market movement. Many successful traders combine a mixture of both approaches for superior results.

Technical analysis
Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and takes into account the price of instruments and the volume of trading, and creates charts from that data to use as the primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously.

Technical analysis is built on three essential principles:

1. Market action discounts everything! This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. However, the pure technical analyst is only concerned with price movements, not with the reasons for any changes.

2. Prices move in trends Technical analysis is used to identify patterns of market behavior that have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. Also, there are recognized patterns that repeat themselves on a consistent basis.

3. History repeats itself Forex chart patterns have been recognized and categorized for over 100 years and the manner in which many patterns are repeated leads to the conclusion that human psychology changes little over time.

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.

Understanding The Fundamentals of Day Trading | ForexGen Tips

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

If you can study and understand the concept of day trading, you have the potential to be a successful day trader. You need to be aware of how and why share and stock prices fluctuate. Day trading is all about buying and selling commodities or shares in a day. You normally need to close all your share positions at the end of the trading day.

If you have stocks moving with a large volume, this usually means that one person has purchased a lot or several people have been buying these stocks. You might wonder why this occurs because this is not what usually happens in day trading.

It normally means that these people have some information about the stock which you do not. The feel a large scale investment in a certain stock will pay off. If a stock doesn”t move much in day trading, this means that not many people have bought the stock, or not much has been traded.

There is a rule used in day trading when you short a stock. This is called the uptick rule. It is used in day trading to stop the stock going down too quickly. An uptick has to be executed in markets meant for selling stocks. If there is not an uptick and the stock falls, you will be executed for the fallen price. This can be prevented if you place a limit order.

If you use a limit order, it doesn”t matter whether or not you are filled at this price because you are ensured that slippage will not occur in your stock. Down trends occur quicker than up trends in day trading, so with the uptick rule, you will either miss big moves because of your limit order or lose money because of big slippage. It is better to miss big moves than lose money, so you should always use a limit order when you are short selling in day trading.

You might want to think about having a partner for day trading. This might work out well because the other person might have more money and experience so, if you are a novice, this will be helpful and teach you more about day trading. If you trade with a partner, you can trade more and therefore earn more profits.

The only potential problem with partnership is that you have to make sure you both agree on trading decisions and contingency measures. You might end up arguing unless you sort this out first.

Your partner should be someone you know well and trust totally. If you are not sure about them or you differ in your opinions about trading methods, it would be better to trade alone.You need to conquer the five human weaknesses before becoming a day trader. These are greed, fear, jealousy, ignorance and pride. Fear and greed are common in day trading. Greed makes someone trade too much and for too long. Fear might scare someone out of continuing with their winning streak.

Ignorance might mean you make mistakes and pride will not allow you to admit your errors. This might result in small or large losses. If you are jealous, you might end up being too subjective, which is not good for a day trader either.

It is best to have a detached attitude if you are day trading. You must be happy to take risks, you need to be flexible and always willing to learn more. Everyone who is in day trading has to start somewhere but the key is learning as you progress, in order to understand more about the day trading market and become better at it.

Online Trading Is One Of The Best Wealth Building Systems |ForexGen Tips

The invention of the Internet has brought about many changes in the way that we conduct our lives and our personal business. We can pay our bills online, shop online, bank online, and even date online!

We can even buy and sell stocks online. Traders love having the ability to look at their accounts whenever they want to, and brokers like having the ability to take orders over the Internet, as opposed to the telephone.

Most brokers and brokerage houses now offer online trading to their clients. Another great thing about trading online is that fees and commissions are often lower. While online trading is great, there are some drawbacks.

If you are new to investing, having the ability to actually speak with a broker can be quite beneficial. If you are a stock market savvy, online trading may be a dangerous thing for you. If this is the case, make sure that you learn as much as you can about trading stocks before you start trading online.

You should also be aware that you do not have a computer with Internet access attached to you. You won”t always have the ability to get online to make a trade. You need to be sure that you can call and speak with a broker if this is the case, using the online broker. This is true whether you are an advanced trader or a beginner.

It is also a good idea to go with an online brokerage company that has been around for a while. You won”t find one that has been in business for fifty years of course, but you can find a company that has been in business that long and now offers online trading.

Again, online trading is a beautiful thing but it isn”t for everyone. Think carefully before you decide to do your trading online, and make sure that you really know what you are doing!
You are unique; there is nobody else like you in the world. Your genetic makeup is unique, your background and upbringing are unique. They have made you what you are today, warts and all. The values that you hold are those that have been instilled in you through your childhood. Your perspective on life has been moulded and created by your parents, your teachers, your partner, your colleagues.

Your entire world is how you see it and not anybody else. Your idea of risk will be yours and yours alone. Your attitude to money will be unique to you. Some of you reading this article will think that $200 is not much to lose in a few minutes, while others will take an opposite view. In terms of your overall capital wealth, it may be a small sum. However, as a percentage of your trading capital, it could be significant. If it’’s 10% you would be out of the game in 10 trades. Less than 1%, you stay in the game longer and live to fight another day.

Undoubtedly, you will have strengths, but you will have weaknesses also. Understanding yourself as a person is the single most important factor in deciding whether you succeed or fail as a trader. If you do not understand yourself, you cannot succeed. Make no mistake about it; your personality has a major influence on how you trade. It is more important than the software you use, your broker, your system, or even what your partner thinks. In Market Wizards, the single most important element of a successful trader is in having a trading plan that fits your personality. How can you write a trading plan if you don”t know your personality? Oh and you probably don”t have a trading plan either!

The Hidden Dangers of Forex Trading | ForexGen Tips

If you decide to try making some quick money, that too fast, forex trading may be the one you should try. This will be an ideal arena for you to enter to try an alternative arrangement for earning some extra income other than your regular job. You can make it your primary job once you master the trading skills.
The forex market is so huge that it may not be possible for an individual to be aware of the crucial changes that occur all over such as exchange rate fluctuations, political influences, and economic factors. Even the experienced bankers and traders can not predict how these changes can affect your trade.

But this step has to be taken very cautiously as the forex trading is highly volatile, it is very, very large that it is easy for you to miss a turn that affect your investment, it is unpredictable, and has high risk involved.

Forex trading involves dealing with the currencies of different countries. It is buying or selling of one currency for another at a rate both parties have decided. This trading involves different parties from different countries all over the world. So the area is very vast and to keep track of every move takes a lot of time, alertness, and a realistic approach to the different strategies. You have to have access to the latest issues and trends that keep changing at very high speed. Your success lies in how fast you can act upon an information to your benefit.

The fact that forex trading is all about making a fast buck, it posed the danger of you getting addicted to this just like in gambling and it is open to whoever is willing throughout the day, throughout the year.

Only large banks were dealing with foreign currencies previously. Globalization and relaxation of foreign exchange rules make it possible for anyone to enter the forex trade. With this the market achieved more liquidity and more active as the trade is happening all over the world with no time limit.

The dark side of it is that the market became so huge, and the changes are so unpredictable that it is very hard to keep a watch on every move that is happening. Those who are smart enough to understand the market better, do well and the others who can not lose money. So the time management is very crucial here.

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 serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Using Intermarket Analysis in Your Currency Trading|ForexGen Tips

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

I am going to assume that if you are reading this article then you already have a foundational knowledge of the foreign exchange (forex) market, so I am going to breeze through the basics and go right to the main topic of intermarket analysis.

If you are a financial market junkie like me, the topic of intermarket analysis is a fascinating one because it can applied to making money with forex trading (the main topic of this article) as easily as it can be applied to commodities. As you can probably guess, the term “intermarket” in this context simply means looking beyond normal economic data in order to come to a conclusion about where the price of a certain currency pair is headed. The opposite of intermarket analysis is plain fundamental analysis, usually focusing on major economic data such as employment, labor, and interest rates.

A few of the most significant intermarket relationships have to do with gold, oil, and the 10-year bond yield in the United States. The reason that the 10-year yield is important is because this value can be correlated to the value of a dollar index, or a basket of goods that can reveal the overall strength of the US dollar.

When it comes to gold and oil (which are arguably two of the most important commodities in the world today), the prices of those commodities will most affect the currencies of the countries that produce these commodities. There are two main relationships when it comes to gold and oil: Canada is a large producer of oil, an so the Canadian dollar (CAD) will be affected by changes in oil prices; and Australia produces alot of gold, and there are many companies in Australia that manufacture gold products such as rare coins, so the Australian dollar (AUD) will be affected by changes in gold prices.

These are some of the most profound instances of intermarket relationships in the global economy, but keep in mind that these relationships are *not* exclusive to the currencies I just mentioned. That is to say, changes in gold prices are not going to only affect the price of the Australian dollar and leave the value of every other currency unchanged; changes in the value of these important commodities like gold and oil will affect every currency, it just so happens that a larger part of the Australian economy has business interests in gold, so if gold gets more expensive then it becomes harder to do business.

Though oil and gold each have a “flagship” currency which they affect the most, fluctuations in the price of each of these commodities will also affect every currency in a somewhat predictable manner. When it comes to gold, a basic rule of thumb is that the currency value of all nations will decrease when gold gets more expensive, since this can indicate that more people are buying precious metals because they may not have as much faith in the main governing bodies in the world.

The way that oil affects currency prices is very interesting, since at this point in history (but hopefully not for much longer) nearly every major economy is dependent on oil for transportation and heating. The way that changes in oil prices affect a country’’s currency depend on whether or not that country is an importer or an exporter of oil. As an example, Canada has traditionally been an exporter of oil, whereas the United States has been an importer. So when oil becomes more expensive, this can be damaging to the United States economy and beneficial to an oil-exporter like Canada.

As a forex or currency trader, it is important to understand these relationships so that you do not derive your trading signals from only one source. It is also good to know how major commodities affect currency prices because you can also use this knowledge to make money in the global stock market, by investing in companies such as a Canadian oil producer or an Australian company the specializes in gold coins.

ForexGen Academy| Forex Trading

Forex trading is complex and it is not exactly something an individual can effectively teach his or herself simply.

ForexGen Academy is real time experience is the only way that anybody could ever be prepared for what the marketplace has to offer! Individuals who are looking to trade currency have to pay their attention.

ForexGen Academy is better than self education. Because it provides an excellent introduction to the world of Forex. You have to know what you are looking for if you want to find a school. In other words it can be difficult.

You will soon find a Forex trading school to suit you by cleaving to the steps below.You can open a live account and you download our platform from our website ForexGen