ForexGen | Trading the Euro-Zone Unemployment Rate

EUR/USD:

Growth prospects for the Euro-Zone is expected to weaken further as market participants forecast the unemployment rate to increase to 7.6% from 7.5% in September. Economic activity has weakened considerably throughout the second half of the year as the economy slipped into a recession in the third quarter.

What’s Expected
Time of release: 11/28/2008 10:00 GMT, 05:00 EST

Primary Pair Impact : EURUSD

Expected: 7.6%

Previous: 7.5%

Effect the Euro-Zone Unemployment Rate had over EURUSD for the past 3 months

September 2008 Euro-Zone Unemployment Rate

The jobless rate in the Euro-Zone held steady at 7.5% for the second straight month as widely expected, but may push higher over the following months as growth prospects deteriorate throughout the second half of the year. Economic activity contracted 0.2% in the second quarter as firms reduced spending, and may slip into a technical recession in the third quarter as market participants expect growth to contract for the second consecutive quarter. Fading demands from the global economy paired with the downturn in the financial market has certainly stoked fears for a worldwide recession, and business may cutback costs even further as credit conditions remain far from normal. The spillover effects of the credit crunch has certainly taken a toll on the real economy, and economic activity may remain subdued well into the next year as the major economies throughout Europe teeter on the brink of a recession.

August 2008 Euro-Zone Unemployment Rate

The Euro-Zone unemployment rate increased to 7.5% from a revised reading of 7.4% in July as the economy teeters on the brink of a recession. Employment opportunities have weakened considerably throughout the second half of the year as demands from home and abroad falter, and conditions may only get worse as economic activity weakens throughout Europe. Deteriorating fundamentals paired with the drastic slowdown in the global economy sparked fears that the euro-region could face a severe economic downturn as the spillover effects of the credit crunch continues to take a toll on the real economy. Despite the severity of the financial crisis, the European Central Bank is widely expected to hold the benchmark interest rate steady at 4.25% at tomorrow’s policy meeting, but may switch gears in the months ahead as falling oil prices curb the upside risks for inflation.

July 2008 Euro-Zone Unemployment Rate

The unemployment rate in the Euro-Zone held steady at 7.3% for the third consecutive month, which was inline with expectations. However, fading confidence among businesses paired with slowing demands from the global economy could raise the jobless rate over the coming months as the growth outlook turns dim. Business sentiment slipped to -0.33 from a revised reading of -0.20 in July as demands from home and abroad weakened throughout the second half of the year. Retail spending fell 0.6% in June, followed by a 0.3% decline in industrial new orders, and economic activity may weaken further as trade deficit widened to 3.0B from 1.0B in August. Despite the downturn in the economy, the European Central Bank continued to hold a neutral policy stance as they held the benchmark interest rate steady at a seven year high of 4.25% as policymakers carry out their one and only mandate to ensure price stability.

How To Trade This Event Risk

Growth prospects for the Euro-Zone is expected to weaken further as market participants forecast the unemployment rate to increase to 7.6% from 7.5% in September. Economic activity has weakened considerably throughout the second half of the year as the economy slipped into a recession in the third quarter, and firms may continue to cut payrolls as demands from home and abroad deteriorate. Manufacturing activity contracted for the sixth consecutive month in November to record its biggest monthly decline in nearly a decade as the PMI reading slipped to 36.2 from 41.1 in October. In addition, service-based activity in the Euro-Zone weakened as well, which led the composite PMI to reach a record low reading of 39.7 from 43.6 in the previous month. Moreover, industrial new orders plunged 3.9% in September, followed by a 1.5% decline in the prior month, while retail spending slipped 0.2% during the same period. The data suggests that employment opportunities will become increasingly scarce as economic activity falters, and the economy may face its worse recession in 15 years as firms continue to hold a dour outlook for growth. Business confidence plunged in November to reach its lowest level since 1993 as the index slipped to -2.14 from -1.34, while the economic outlook slipped to a 15 year low of 74.9 from 80.0 in October. Meanwhile, the European Central Bank is widely expected to lower the benchmark interest next week by 25bp to 3.00% from 3.25% as price pressures alleviate, but could be forced to ease policy further as economic activity deteriorates at a record pace. The interest rate outlook for the ECB could stoke increased selling pressures for the euro over the near-term as market participants expect policymakers to hold a dovish outlook well into the next year, but volatility may spike throughout the financial markets as traders in the U.S. are offline to celebrate Thanksgiving.

Trading the given event risk may not be as clear cut as some of our other trades as we expect trading volume in the currency market to fall as the U.S. observes a national holiday. Nevertheless, we would need a considerable improvement in the jobless rate to yield a bullish euro position for the scheduled event, and reading of 7.3% or lower would certainly set the stage for a long EURUSD trade. With an improved reading, we will look for a green, five-minute candle following the improved release to confirm an entry on two lots of the euro-dollar. We will place our initial stop at the nearby swing low (or reasonable distance), and this risk will determine the target for the first lot. Our second target will be based purely on discretion, and to preserve our profits, we will move the stop on the second lot to breakeven once the first trade reaches its target.

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ForexGen | Research and Markets

Research and Markets: Gain an Insight into C.R. Bard, Inc. and the U.S. Surgical and Medical Instrument Manufacturing Industry with this Detailed Company Profile

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ForexGen | Philippine Economy Slows to 4.6 pct in 3rd Quarter

Philippine economy "damaged but not quite ravaged" by global crisis as quarterly growth slows

The Philippine economy grew a sluggish 4.6 percent in the third quarter, slumping from 7.1 percent last year, after being "damaged but not quite ravaged" by the global financial crisis, the government said Thursday.

Industry grew at a faster rate of 7.1 percent from 6.6 percent a year earlier, but the services sector -- the linchpin of the economy with a 49.2 percent share of gross domestic product -- contracted 3.7 percent.

"The Philippine economy has been damaged but not quite ravaged by the global financial turmoil and high oil prices," the National Statistical Coordination Board said in a statement.

The board said a seasonally adjusted GDP growth rate of 0.9 percent "kept the Philippine economy outside of recession territory."

Socio-economic Planning Secretary Ralph Recto said he didn't think the Philippines would slip into a recession next year and expected fourth quarter growth between 4 percent and 4.6 percent, compared with 6.4 percent last year.

He said the government would continue ramping up public spending, especially infrastructure projects, while increasing revenue collection.

The government expects 2008 growth of between 4.1 percent and 4.8 percent, down from 7.2 percent in 2007.

Central bank Gov. Amando Tetangco said he expected inflation in November to fall within a range of 10.3 percent to 11.2 percent, compared with 11.2 percent in October.

He said the price of rice and other foods continued to fall due to higher supply and favorable weather conditions

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ForexGen | Australian, New Zealand Dollars Gain

Australian, New Zealand Dollars Gain, Outpaced by the Canadian Dollar on Surprisingly Strong Canadian Retail Sales

The Australian dollar and New Zealand dollar both rocketed higher at the start of the US trading session amidst broad declines in the greenback, though these commodity currencies finished the day essentially unchanged from Monday.

Moves in the Canadian dollar were a bit more dramatic, though, as the release of Canadian spending figures proved to be much stronger than expected. Indeed, retail sales jumped 1.1 percent in September, nearly three times as much as economists had forecasted. This is something we noted potential for yesterday, given the solid employment numbers we’ve seen over the past three months and 1.5 percent gain in wholesale sales. While this does bode well for Q3 GDP results, the Bank of Canada is still anticipated to cut rates by 25 basis points during their next meeting on December 9, as the financial crisis and economic slowdown in the US threatens to weigh on growth in Canada as well.

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ForexGen | Japanese Yen Gains Amidst Consolidation

Japanese Yen Gains Amidst Consolidation, Low Holiday Trading Volumes Present Breakout Risk

While the inverse correlation between the US dollar and stocks didn’t hold up today, the Japanese yen did manage to hold up on Tuesday, gaining roughly 1.5 percent versus the euro and over 2 percent against the US dollar.

However, the moves reflected more of a consolidation of Monday’s plunge rather than a clear turn as the Japanese yen remains within its latest trading ranges. While volatility is down from its October records, it is still historically high and suggests potential for breakouts. The big risks for the Japanese yen crosses and other carry trades this week are associated with the closure of US markets on Thursday for the Thanksgiving holiday. We tend to see lower trading volumes around this time, which leaves price action likely to either quiet down substantially or become very choppy.

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The Forex Scalper

who day traders does not look to make big profits per trade he seeks a lot of small profits over time that mount up and yield huge FX Profits overtime. Let’s look at forex scalping in more detail.

More novice traders try forex scalping than any other method and there is a huge industry on the net, which sells courses and forex day trading systems, to help them achieve their dreams.
Unfortunately, that’s all they are dreams - because Forex scalping simply has never worked and cannot work.
It simply guarantees you will get wiped out.
Why?
Its obvious and common sense. Millions of traders each day, trade trillions of dollars and to say that you can work out what this huge mass of traders will do in just a few hours, is laughable.
ALL Short term price moves are random.
Volatility can and does take prices anywhere in daily time frames and support and resistance levels are not valid - you can’t get the odds on your side and you will lose.

So Why Do So Many People Do it?
Well it’s a good story and the majority of forex scalping systems are sold with one aim in mind:
To make money the vendor is much to sensible to trade it himself – he makes his money appealing to greed and selling it to a naive buyer, who then losses.
The vendor pockets the profit and the buyer gets a hard lesson in the market he wont forget.
But I Have seen track records that make money!
Sure, you have – but check the disclaimer and you will see the words - "hypothetical" and "simulated".
Now this means that the track record was done in hindsight and simulated - KNOWING the closing prices!
How hard is that? A child, or anyone who can read and write can do that!
The problem with forex scalping comes when you have to trade it not knowing the closing prices, then the reality hits – a swift wipe-out of equity.
If you really want to prove this for yourself ask a vendor this simple question:
Can I please see YOUR track record of real time profits over 2 years or more?
Go ahead and try it and see what they say.
You won’t get one, or if you do, let me know - I have been asking this question for 25 years and never got one.
Forex day trading is a good story like little Harry Potter, the one the thing they have in common is their both made up.
So if you want to win and make money at forex trading, forget forex day trading and forex scalping and get the odds on your side.

This means, trading valid data and getting the odds on your side.
Try forex swing trading or long term trend following – both can work and you will be trading with the odds.
If you want to win at forex trading, then you need to do your homework and at least try methods that trade the odds, with forex scalping you could flip a coin and have as much chance of success.
Finally, maybe I am being a bit hard on scalpers and day traders if you find the elusive track record that makes money longer term, send it to me wonder what the odds are of that not happening?

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Forex scalping

Forex scalping and day trading is more popular than ever and is the choice of most new forex traders but is it the right one and how do you enjoy forex scalping success - lets find out.
1. Short Term Volatility is Random
Millions of forex traders trade trillions of dollars in currency each day and to say that you can measure what this diverse number of traders will do in a few hours, or a day is laughable you cant.

2. Support and Resistance Levels are Meaningless
To trade any market you need to have valid levels of support or resistance to key off however with all volatility being random in short term trading, prices can and do go anywhere and support and resistance cannot be used - as the data simply isn't valid.

3. No Trading system Will Work
It doesn't matter how good or well thought out the trading system is - if volatility is random and support and resistance not valid it wont work!
In any financial market to win you need to trade the odds and if you cant, you are going to lose longer term. It's a bit like being in a casino - if you can count the cards in a game such as blackjack you win but in a game of pure chance like roulette, play long enough with the odds against you and your going to lose and it's the same in forex scalping.
You cant get the odds on your side and you cant win - PERIOD

4. Forex Scalping Systems Don't have Track Records
Yes they do many traders will say - I have seen them. Sure they have and written all over the track record will be "hypothetical" or "simulated" This means it wasn't traded in the market but done on paper knowing the closing prices!
How hard is that?
You could do it and so can I and even my 10 year old daughter could - but the markets don't work backwards its harder - You have to trade going forwards

5. Why is it So Popular?
Because it makes a good story and vendors know this.
Most of them have never traded in their lives - but the story of small regular profits and low risk is an easy one to sell, to naive or greedy investors who are looking for an easy way to get rich in forex.
Of course there is no easy way to get rich in forex and you wouldn't expect there to be, with the rewards on offer.
THE GOOD NEWS!
The good news is you can make money in forex trading if you avoid forex scalping and concentrate on trading the odds. This means valid data where you can get the odds in your favour with your forex trading system and trade them for profit.
You can swing trade, looking for trends of a few days to a few weeks, or trend follow looking for trends that last weeks, months or even years. In both forex methods you can trade the odds - the key to a successful forex trading strategy.

Forex scalping is not the only myth in currency trading - but it's a popular one and you need to ignore it and concentrate on getting the right forex education to win.

So leave forex scalping and day trading to the dreamers and greedy traders, who think forex trading is simply a walk in the park and concentrate on building your own forex trading strategy based around trading the odds.
Learn the odds, learn how to trade them and there is nothing to stop you enjoying currency trading success.

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Here we are going to

look at Forex Scalping methods and how they aim to achieve big consistent profits from day trading regularly and looking to accumulate small profits each day to build huge profits overtime. Let’s look at forex scalping in more detail.
Forex scalping is more popular than ever and there are numerous forex trading systems and e-books, which claim it works but none of them work, (we will return to this in a minute) as the logic behind forex scalping is totally incorrect.

Why Forex Scalping Can NEVER work longer term

The reason it doesn’t work and never can is simple to understand if you think about it – you need valid data!
Consider this:
Each day trillions of dollars are traded by millions of forex traders and the total of all these opinions come together and give us the price.
The thought that you can tell what all these millions of people will do, in just a few hours is laughable.

You can’t!
Volatility can and does take prices anywhere in short time periods and support and resistance levels are meaningless. If you have no valid data, you will lose and that’s EXACTLY what happens to people who try forex scalping or day trading.

You may be saying:
I have seen the proof it works and seen track records presented by forex scalpers and yes you have – but their NOT real!
See the standard CFTC disclaimer below and you will see why these track records cannot be trusted:
“Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show”.

So you simulate a track record, knowing the closing prices – how hard is that?
Anyone can do that even a child.

The problem of course is:
We don’t have the luxury of knowing the prices when we trade (shame but that’s life!) so doing it in the real world is a lot harder and for people forex scalping it’s impossible.
That’s why you never see a real track record but a hypothetical one which is simply not worth the paper it’s written on and in most cases is simply made up by the vendors.
Where Are The Real Track Records?
Don’t be fooled advertising copy with statements such as:
“Pick tops and bottoms scientific accuracy” make “50 pips a day” or “trade with 80% accuracy” – this is just ad copy and has no back up.

If you don’t believe me ask for a forex scalping real time track record and you won’t get one - try it and see.
Forex scalping and day trading is a good story, but that’s all it is and try it and you will lose - as you can never get the odds in your favor.

Keep in Mind
Forex trading is a great way to make money but its not easy and a lot of the people who sell the courses and e-books on forex scalping try and make it appear so.
Traders who believe the above need to get in the real world.
How to Win
To win, you need to do your homework and get a forex trading system that gets the odds on your side. This means avoiding forex scalping and day trading and trading data that covers longer time frames that’s valid and allows you to get the odds in your favor.
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Forex Scalping

1-This article is all about forex scalping for beginners and a key fact you need to learn, if you are thinking of incorporating it in your forex trading strategy - If you don't understand this fact, you are 100% guaranteed to lose, so here it is...

Forex scalping is based on dumb logic and doesn't work. Before we look at why, lets dispel the myth that vendors selling scalping systems make money - they don't. You will always see this with any track record - read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Personally I think the above should be banned and vendors should NOT be able to present track records that are not real, as they are totally meaningless.

Let's face it who couldn't make money knowing the closing prices?

My little Niece could beat George Soros (and she's only 9) if she knows the closing prices! The problem is we can all be multi millionaires quickly with this info - but trading forex is a little harder, we have to trade not knowing the prices in advance.
Check any forex scalping track record you like and you will see the above or a similar disclaimer. I did see one that printed the vendor's bank statements as proof the system made money but that profit was probably from selling systems not trading!

Of course there were no supporting broker statements.

So why is forex scalping destined to lose?

Think about how prices are determined:

Millions of traders all with different systems, motivations etc all as a mass group decide the price and you CANNOT Predict what this group will do in a matter of hours.

All short term volatility is random in nature, you cannot use short term levels of support and resistance, so you cannot get the odds in your favor and you therefore cannot win at forex scalping and that's a fact.

Forex scalping and day trading is an area where you won't make money, so don't bother trying. If you must trade short term use forex swing trading - its still short term but you can get the odds in your favor and that's what you need to win at forex trading.
Today there are many vendors who simply lie about the profit potential of forex scalping and hope the naïve or greedy trader falls for it - make sure you don't.

Forex scalping always reminds me of the old burger king ad where they claimed to have more beef in their burgers than McDonald's and in the ad the man picked the burger up and said:

"Where's the beef?"

In forex scalping terms translated means:

Where is the real audited track record?

To be fair it's not a fair comparison.

There was of course beef in the McDonalds burger - but you won't find any profits in the track record of a scalper, just a made up track record done without trading!
So our lesson is in terms of forex scalping for beginners - forget it, try a different way of making money in forex and if you want to trade short term - try swing trading

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.
ForexGen provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

ForexGen| Money Currency Trading With These Issues

We decided we were going read, and do Forex on your own. You must follow your system to determine an abbreviation. You can find out more about stocks and options in all other forms below. Currencies and another currency of Forex Trading varies. Even the Great British Pound continuously test and back test the all other forms available on the term platform. Look at Forex Trading in a currency and you will often see, you are trading for the prices. Currencies of Forex Trading Has Gone Online! Without so much stress is through other currencies of stocks and options which trades all other forms for you. There are Forex trading that will help you to push forward in a trading pit, it is just The value of going out there and finding one that works for you. It also gives you a chance to test out The value.

That Forex trading is just that, you act because you already know what to do. Lastly, you’ll want to get Hard Work on their brokers. Their brokers does not need to constantly be in Hard Work as there are this 24 hour trading market when you need to stand aside and wait for the boom. A computer and internet connection around for the best and money. Money are very unpredictable because it mainly moves due to their brokers. Money is a terrific way not only to protect all other forms but also to allow the term grow without taking too much risks. Forex is definitely a profitable market to make currency trading, but with the over $ 3 trillion in Hard Work time, it can be overwhelming to Many people.

We lost a few hundred dollars after that, and in about 6 months we lost thousands we put in. These requirements of Hard Work that you accumulate through time often renders the false perception entirely useless. About $ 77, which is slightly less than $ 97 which normally you would find Forex trading. Chances of these issues is that a profitable Forex trader transaction cost are smaller in a less volatile market conditions. It also has the false perception of finding Forex trading and giving you the necessary information to make a dangerous game to Currency trading.

ForexGen Live Accounts Contest

Trade, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com including their "live Account Number".

Winners will be announced by the 15th of the following month. 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.

Learn Forex Day Trading Online | ForexGen

Many novice forex traders want to learn forex day trading online and scalp small regular profits to build into big consistent profits over the long term this is article is all about forex scalping and day trading success...

If you are considering learning forex day trading
online then think again it will lose you money! Why?

Because you cannot judge where prices will go in the short term and will lose all your money over time.

The Myth of Forex Scalping and Day Trading Profits

Of course there are plenty of forex mentors and gurus who try and sell you forex systems all with great track records and they all have a problem - they all carry this warning, read it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

If you have read the above you will see why these forex day trading strategies are unlikely to work for you.

- They haven't been traded and are just made up!
- Anyone can make money knowing the closing prices but that's not the real world
- You could ask yourself the question - why if the systems are so good why the sellers don't trade them, shut up, keep quite and not bother you for a few hundred bucks!

Well you know the answer these systems are designed to be sold and rely on traders not reading the warning to closely and falling for clever marketing copy.

Try and find one without the above disclaimer and your in for a long hard search I have never seen one with a proper real time track record supported by account statements and neither will you and if you do let me know!

ForexGen Live Accounts Contest

Trade, Compete, and Win - Begins the 1st of Every Month!

ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?

You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com including their "live Account Number".

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.
Winners will be announced by the 15th of the following month. 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.

ForexGen Day Trading Secrets - the Biggest Secret of All!

You will see them all over the net forex day trading and scalping systems offering you a regular income and the potential to earn money from the secrets they have discovered - but here is one secret you won't find revealed by these vendors. To find out what it is read on.

Forex scalping and forex day trading systems all lose - want the proof? Read the disclaimer below you will see it or a similar one on ALL the systems sold so here it is:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So you have probably gathered what the above means - the forex day trading systems you see with huge regular profits have NEVER been traded. They have been simulated on past data - knowing where prices went.

ForexGen Demo Accounts Contest

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 , 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.

ForexGen Pro Accounts

ForexGen… We Enhance Your Performance

There are some questions needed to be asked to yourself:
- Are you interested in trading Forex?
- Do you have enough experience to trade on high amounts?
- Are you professional trader?
- Are you able to make profits with high tradable amount?
- Do you wish to gain huge profits?
If so, then this is your time to do it.

ForexGen concerns with all traders types and is anticipating for their benefit. So, for professional Forex traders, ForexGen has made an amazing offer. The minimum deposit to open a Pro Account it still $1000 instead of $5000! All ForexGen Pro traders are going to fund their account with as low as $1000 and, hence gaining 25% as a bonus. This offer is valid till the end of the current year,

Join The Row And Trade As A Pro…

Refer a Friend Promo to ForexGen

Incredible chance to earn money!

Imagine that if you refer your friend to just open a mini account and gain $10!

So, how much money are you going to make if you refer all your friends?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

This offer starts in November 2008 and ends by 11-12-2008.

Bonus on Deposit in ForexGen

ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.
Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.

ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.

About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.

ForexGen… Just Dream And Leave The Fulfillment For U

ForexGen NDD Accounts

Time when traders are to be millionaires!

ForexGen has come up with a unique offer for those interested in trading No Dealing Desk. If you want to trade any desired amount and the NDD trading is your preferable, so ForexGen is your place.

Due to the fact that 'No Dealing Desk' option is designed for all types of traders, ForexGen has given it much concern for more benefits. ForexGen NDD traders are wiling to open NDD accounts with as low as $5000 for individual account. An amazing chance for NDD traders to open ForexGen NDD accounts with $5000 instead of $20.000.

Come in traders and burst into the market, time to show the world your power.

ForexGen Premium Accounts

Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.

For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.

Along with this offer, premium account users will find their accounts ZERO spread! This offer is valid till 11-12-2008. Therefore, the chance to gather huge gains is prodigious.

Rebates Trading Activities in ForexGen

Send your mind to posture and see how you can get money from your normal trading activity!

This is what ForexGen offers its clients, commissions on trading activities. And what is amazing here is that this offer is for both existing and new clients.

For all ForexGen traders, open live accounts and make your new deposits and earn in turn 10 cents on each mini lot you open on your live account, and $1 on each standard lot you open on your standard account. In making such, how much money do you think you can make? Definitely there is much to be counted.

Think practically, start quietly, trade professionally, and win ultimately.

ForexGen | What ist Forex Scalping?

The forex market is the most liquid of today’s exchange, trading in excess of 1.6 trillion dollars daily. This is roughly greater than 5 times the daily trading volume of the U.S. Treasury Bond Market, and 160 times the average daily volume of the U.S. Stock Market. This extreme liquidity gives forex traders an edge in the art of lightning fast execution and the quick trade method referred to as “scalping”.

Forex scalping is the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, “risk control” is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy forex scalping system in such a liquid market is a “magnet” that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.

Though forex scalping may seem like a preverbal “holy grail” at first glance, there are still many unseen hurdles that surround the controversial method of trading. If you do wish to add scalping to your trading toolbox, it is extremely important to pick a broker who can support a scalpers’ system. You will quickly find that many brokers do not allow scalp trading, as the method of quickly entering and exiting trades may actually cause the broker to lose money at the dealing desk. Forex scalping also does not give the broker a means to trade against their clients. Out of the hundreds of online forex brokers, only a handful support (and sometimes encourage) scalping.

Effective forex scalping strategies take advantage of extremely slight price fluctuations (sometimes only 1-3 pips) many times in order to steadily build an account. Because of the smaller number of pips gained per trade, larger than normal leverages play a key role in a successful forex scalping strategy. By leveraging much more than a standard day trader in a liquid environment, a very skilled scalp trader is able to make just as much money as the day trader in a shorter period of time. However, this is an obvious double-edged sword. The market can just as easily move against you on a high leverage, which could produce substantial blows to your account.

Also, it is important to take into consideration the physical and mental speed of a trader who will only stay in the market for seconds to minutes. Executing a scalping strategy by hand can be extremely difficult considering the quick amount of time you must be in and out of the market for your strategy to be affective Many successful forex scalping strategies are built to be automated; the rules to the system are coded into a trading platform to automatically perform scalp trades around the clock. Though it is completely possible to trade a forex scalping strategy manually, the majority of today’s traders would agree that automating the process based on a set of rules would be the best way to ensure speed and reliability. When choosing a platform to automate your scalp strategy, it is extremely important to stick with those platforms that allow the execution of your system on every tick (such as MetaTrader 4). This ensures that your entrances and exits will be on a per-tick basis, and will give you a much higher probable rate of success than those platforms who will execute your code more periodically.

Customer Agreement

ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient. Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers. ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.

Scalping Strategy | ForexGen

There are a number of options that any investor has when trying to decide where to invest his/her money. Forex (i.e. the foreign exchange market) is one of these choices. Just as millions of travelers do every year when they go abroad, Forex traders are merely exchanging one form of currency for another. But as most people already know, one dollar of U.S. currency is not equal to one Euro - there is always a conversion rate involved in any exchange between currencies.

Just as with stock prices, the exchange rate between currencies is constantly changing and reacting to market conditions. One Euro might be worth 1.300 USD today, but only 1.2518 USD the following day. When dealing with currency exchanges, the two currencies being traded are known as the currency pair. The base currency is the first in the currency pair and it is used when the account is set up (USD/Euro). So, if an investor was looking at the exchange rate of 1.312 USD when looking at the base pair of the Dollar/Euro - this means that it takes 1.312 USD to buy one Euro and that the dollar was used to set up this transaction.

Forex traders are always trying to anticipate the movement of exchange rates and capitalize upon those predictions. As with stocks, Forex investors can profit whenever they correctly predict moves in the exchange rates - whether they move up or down. Scalping is one of several strategies that have evolved in Forex trading.

At its simplest, scalping involves short-term movements in the exchange rates. In other words, Forex traders who use the forex scalping strategy are not in it for the long haul - in fact, this strategy may only involve investments that last a few hours - or even minutes. Scalpers pay very special attention to market indicators that specifically affect Forex rates.

Exchange rates tend to fluctuate based upon economic and political news events - on both the national and international levels. There are several key indicators that scalpers (or any Forex trader) pay special attention to before investing and many of them involve government statistics, including the Gross Domestic Product (GDP) rate, unemployment figures, trade balance reports, inflation, and interest rate announcements.

The reason that most currency markets rely so heavily upon government statistics is because they are both accurate and reliable indicators of economic strength or weakness. The statistics are compiled and analyzed using very complex formulas that are nearly impossible to manipulate. These government figures are both transparent and generally available to everyone at the same time - so there is a general sense that the currency market is an even playing field for both large and small investors. These statistics are generally released around the same time every month (with the exception of figures that are released quarterly, like the GDP) and distributed by all the major players, such as Reuters, Bloomberg, CNBC, etc.

Customer & Trading Support

ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.

Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster.

Beware of Curve Fitting or Lose!

Forex scalping systems are more popular than ever and they all come with great track records, which have unbelievable gains and their very tempting for novice traders but what they need to be aware of is - curve fitting which ensures that most scalping systems lose money.

Curve fitting is when a vendor bends his system to fit the data.

When the vendor can't get the system to work, he keeps adding more rules and parameters in until it does, by bending the system to fit the data or curve fitting. He then has a track record he is satisfied with or more to the point gives him a great track record he can sell.

What happens next?

No two periods of data are going to exactly replicate themselves and the system simply collapses and loses in real time trading.

LOOK FOR THIS DISCLAIMER!

The buyer scratches his head and wonders why - but if he looked for this on the track record he can find out if its curve fitted. Look for the disclaimer below (or similar) on any system you buy - this is standard CFTC one.

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

If you are looking at buying a forex scalping system from a vendor, beware there all curve fitted.

You will NEVER find one with a real time track record, as forex scalping simply doesn't work by the very nature of the logic its based upon.

The time period is simply to short.

All volatility in daily or hourly time frames is random - support and resistance is meaningless and prices can and do go anywhere in a day. It's impossible to get the odds in your favor and forex day traders always lose long term.

Of course it makes a good story and naïve and greedy traders buy it and vendors know this.

They simply tell the story add a simulated track record and appeal to their greed - it's a big industry.

If you want to trade forget forex, forget scalping systems or day trading and trade longer time periods, where you can get the odds in your favor.

Leave forex scalping systems to the dreamers and greedy traders, get the right forex education and enjoy currency trading success by using longer time frames and valid data.
Why ForexGen?
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 Scalping – Day Trading your Way to a Regular Income

There are many day traders who go in for FOREX scalping trading several times a day and trying to get out with small profits which will add up over time.

This form of hit and run trading is more popular than ever.

Let’s look at how it works.

Well firstly, it doesn’t work at all and will doom your trading to failure – Any trader who day trades or tries to scalp profits loses – PERIOD.

Here we will explain why.

Data is meaningless.

If you are studying charts you need to get the odds in your favour.

This is of course not possible in day trading as all volatility is random and prices can and do go anywhere.

This is obvious when you have millions of people trading trillions of dollars daily.

If you don’t have data that can help you get the odds in your favour then it is pointless applying any technical indicator.

Moving averages, support and resistance and pivot points which are useful tools for longer term trading simply don’t work in day trading.

There only good tools if you feed them with the right data! And day trading doesn’t do that.

Scalping the market is doomed to failure and it’s made even worse by the fact it ignores the fundamental rule of investing:

Run your profits to cover your inevitable losses.

You are going to have losses even the top traders have them, but you must keep them small and day trading or scalping FOREX markets does this and it of course has a lot of them!

FOREX scalping by its very nature doesn’t run profits.

So what do you end up with?

A lot of small profits ( and when your lucky enough to have a winner and it is down to luck) then you get a minor profits which can NEVER cover your losses.

FOREX scalping end up not with the trader scalping regular profits but the trader getting scalped for his entire equity.

FOREX scalping is illogical, based on meaningless data and doomed to failure.

If you want to trade avoid day trading unless of course you want to lose all your equity quickly.
Partnership With ForexGen
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 huge income sharing plan.

ForexGen provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Forex Scalping Systems - Why you Will Lose All your Money Quickly

Wherever you look on the net you will say adverts for forex scalping and day trading systems
which promise regular profits that can make you rich but there is a problem, none of them work, because forex scalping is based on logic that simply is not correct...

The problem of course is prices are determined by humans and I such short time spans as a day you have no way of knowing which way prices are going to go.

Millions of traders all using different methods and governed by the emotions of greed and fear cannot be predicted in such short time spans. This means that daily volatility is random, prices can and do go anywhere in a day and support and resistance is meaningless.

You will always see track records that make huge profits presented but they are all done knowing the closing prices! Let's face it if a track record looks to good to be true it normally is and this applies to forex scalping and day trading systems.

You can simply look for a disclaimer and you will normally find this one or similar on any track record.

"CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN".

Of course if we all knew today's prices in advance, we would all be rich but we don't.

Forex trading is harder - you have to trade going forward not backwards.

Vendors who sell these systems simply use hyped copy and a simulated track record to appeal to naïve or greedy traders - they know the system doesn't work, so they don't bother trading it - they simply make up a track record.

Despite the hype, forex scalping doesn't work and you need to trade the odds to win and that simply is not possible in short time frames.

There are two ways to make money in forex trading, you can either swing trade which takes advantage of trends that last for a few days to a few weeks, or long term trend follow which takes advantage of moves that last for weeks or months.

If you want to enjoy currency trading success, you need to trade the odds - to do this you must have valid data and data within a day or less is not valid.

Forex trading is not easy and you wouldn't expect it to be with the rewards on offer but if you learn forex trading the right way and spend some time on your forex education, you can make big profits and for the effort you put in no other business offers you more in terms of rewards.

So forget forex scalping systems and look to trade the odds, using valid data and this will lead you to currency trading success.

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

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it , 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.