US Dollar Mostly Down, Gold Higher in European Afternoon Trading 
The U.S. dollar was mostly lower against other major currencies in European trading Monday afternoon. Gold rose.
The euro traded at $1.4205, up from $1.4067 late Friday in New York.
Other dollar rates:
--90.21 Japanese yen, down from 90.38
--1.0438 Swiss francs, down from 1.0675
--1.2163 Canadian dollars, down from 1.2221
The British pound was quoted at $1.4571, down from $1.4677.
Gold traded in London at $880.25 per troy ounce, up from $836.75 Wednesday. That market had been closed on Thursday and Friday for the Christmas holidays.
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Monday, December 29, 2008
US Dollar Mostly Down in European Trading
Sunday, December 28, 2008
After High-Profile Start, SC Limps to End of 2008
Trials both communal and personal highlight a 2008 that for SC ends on a dark economic note
South Carolina started 2008 with a hand in shaping the nation's future. The year ends with the state battered by repercussions, from both within and beyond its borders.
Turmoil in the nation's housing market morphed into a crisis of credit and consumer confidence. Companies announced layoffs and the state's unemployment rate shot to the third-highest in the U.S. in November -- 183,000 were jobless as the holidays approached.
"The little people are suffering. It seems like the CEOs are walking away," Michael Jones, a 61-year-old former Army sergeant, as he applied for unemployment benefits earlier this month because his savings was drying up.
The state's drooping economy means fewer taxes to pay for the services expected from state and local governments, and trouble is in store for some schools and universities. State employees are losing pay through furloughs. For the state's low-income residents, programs that provide care for HIV patients, the terminally ill and the hungry are being slashed.
Economic forecasters believe it will get worse. They predict double-digit unemployment for 2009.
But in a year that for many ended with intensely personal economic travails, others had memories far more frightening.
A family in Anderson was slaughtered in April, and their teen son now stands accused of the murders. High schoolers in Chesterfield worried for their own safety this spring after authorities say a classmate planned to blow up the building.
A Hilton Head Island couple vanished in March and their former accountant committed suicide as suspicion fell on him. A boy in Sumter was gunned down as he and his family did the most innocent of activities: trick-or-treating on Halloween. Four people died and two musicians suffered burns when their private jet ran off the end of a Columbia runway in September and burst into flames.
There were moments when the state's dismay was communal, too.
Months after it opened, the $400 million Hard Rock Park filed for bankruptcy protection as the economy dashed the cheery predictions made before it opened. The owners now hope to sell it off.
The high price of gas this summer surely hurt the Myrtle Beach attraction. There was a sense of shared burden as drivers stood, cringing, in lines to pay $4 per gallon and then watched pumps run dry after hurricanes Gustav and Ike shut down refineries in the Gulf of Mexico. State prosecutors issued 37 subpoenas for price gouging and say the investigation continues.
Weather made life tough, especially in the Upstate, as a multiyear drought dragged on.
In Greenville, hundreds of suspected illegal immigrants were arrested in October and pointed toward deportation after an investigation into a poultry plant's hiring practices. The sweep that left the city's Spanish-speaking community wringing its hands left others wondering why local officials looked the other way for so long.
Dashboard cameras allowed a look into the working lives of South Carolina state troopers, and not everyone enjoyed the view. Footage showed a trooper striking a motorcycle with his cruiser; an officer not bothering to get out of his car as he chased a running suspect across the grounds of a populated apartment complex; a trooper striking a man with a shotgun after the suspect was subdued.
The heads of the state's Public Safety Department and Highway Patrol resigned in February. One trooper was acquitted of a federal charge in 2008, while a second awaits trial.
But the state also banded together to set the nation's course during the presidential primary season.
South Carolina's Republicans boosted John McCain on his path to the nomination, as the Arizona senator avenged his loss in the state to President George W. Bush in 2000. A week later, Democrats gave Barack Obama a resounding win and momentum the history-making candidate would never relinquish.
In all, the state hosted three debates between presidential contenders, and after vaulting Obama and McCain into a General Election showdown, a record 1.9 million state residents cast ballots in November.
But those days of presidential primaries are almost a year old. The focus now is on the economic troubles expected to cut a wider and deeper swath in the coming months.
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.
Thursday, December 25, 2008
Understanding Rollovers and Interest Rates
One market convention unique to currencies is rollovers. A rollover is a transaction where an open position from one value date (settlement date) is rolled over into the next value date. Rollovers represent the intersection of interest-rate markets and forex markets.
Currency is money, after all
Rollover rates are based on the difference in interest rates of the two currencies in the pair you’re trading. That’s because what you’re actually trading is good old-fashioned cash. When you’re long a currency, it’s like having a deposit in the bank. If you’re short a currency, it’s like having borrowed a loan. Just as you would expect to earn interest on a bank deposit or pay interest on a loan, you should expect an interest gain/expense for holding a currency position over the change in value. Think of an open currency position as one account with a positive balance (the currency you’re long) and one with a negative balance (the currency you’re short).
But because your accounts are in two different currencies, the two interest rates of the different countries apply. The difference between the interest rates in the two countries is called the interest-rate differential. The larger the interestrate differential, the larger the impact from rollovers. The narrower the interest-rate differential, the smaller the effect from rollovers. You can find relevant interest-rate levels of the major currencies from any number of financial-market Web sites. Look for the base or benchmark lending rates in each country.
[ForexGen Money Manager]
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.
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.
Wednesday, December 24, 2008
Oil Falls 9 Percent on Economic Gloom
Oil dropped 9 percent on Wednesday as another round of gloomy economic data showed the United States has fallen deeper into recession.
U.S. crude settled at $35.35, down $3.63 or 9.31 percent. London Brent crude settled at $36.61 a barrel, down $3.75.
The losses came after government data showing U.S. jobless claims rose to a 26-year high and consumers cut spending for the fifth consecutive month in November.
Nearly 2 million U.S. workers have lost their jobs this year, driving the unemployment rate up to 6.7 percent and slowing consumer spending as incomes shrank.
The negative economic news reinforced expectations of a continued slowdown in energy consumption.
"Until the price is low enough to break through the cloud of economic gloom and doom, oil is going to be under some pressure," said Mike Fitzpatrick, vice president at MF Global in New York.
Oil prices have dropped about $110 a barrel since July as a global financial crisis has cut consumer and business demand for fuels, raising alarm bells for OPEC producers that have slashed 5 percent of global oil production to stem the slide.
The dismal economic data outlook overshadowed a U.S. Energy Information Administration report on Wednesday showing that U.S. crude inventories dropped 3.1 million barrels last week as imports slowed, countering expectations of a 400,000 barrel rise.
Gasoline stockpiles, meanwhile, rose by 3.3 million barrels, exceeding the build of 500,000 barrels predicted by analysts. Distillates, including heating oil, rose by 1.8 million barrels versus expectations for a 200,000 barrel increase.
"Although this market could scoop up some modest support off of the 3.1 million barrel draw in total crude stocks, the data looks bearish from our perspective given the larger-than-expected increases in (refined fuel) supplies," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois.
Record inventories of crude at the NYMEX delivery point in Cushing, Oklahoma, also may have encouraged selling, analysts said.
Demand, which has deteriorated during a worldwide economic downturn, sank again. Distillate consumption slipped 5.1 percent over the past four weeks compared with the same period a year ago and gasoline demand fell by 2.7 percent.
The Organization of the Petroleum Exporting Countries (OPEC) already has announced cuts of around 5 percent in global oil supplies and may call an emergency meeting before March if prices extend their slide, OPEC's President Chakib Khelil said on Tuesday.
[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.
ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.
Tuesday, December 23, 2008
Japanese Yen Pulls Back Across the Majors as Volatility Cools
Japanese Yen Pulls Back Across the Majors as Volatility Cools, Industrial Production Expected to Fall by Record
he Japanese yen slipped lower against the US dollar and euro on Tuesday, but fell the most against the Canadian dollar and Swiss franc, which were actually some of the strongest currencies in the forex markets. Given the lower volumes associated with holiday trading, as well as a significant drop in financial market volatility as indicated by declines in the CBOE’s VIX volatility index over the past month or so, much of the fuel behind the Japanese yen’s past gains have been eliminated. This is surely comforting to the Bank of Japan, as the appreciation of the currency has been extremely detrimental for the Japanese economy. However, this does not mean that Japan will not attempt to intervene in the currency markets, as the yen remains historically high. Indeed, if there is a good time for the country to step in to physically drive the currency down, this may be it.
Looking ahead, the Japanese economy fell into recession during Q2 and Q3 of 2008, and upcoming data is likely to indicate that it extended into Q4 as well. Industrial production for the month of November is forecasted to fall by 6.8 percent, bringing the annual measure down to a record low of -15.0 percent. Manufacturers are feeling the impact of a slowing in domestic demand, as well as foreign demand, which has only been exacerbated by the rapid appreciation of the Japanese yen. Individual economic releases don’t tend to have a huge impact on the Japanese yen, but this is still an indicator that may be worth watching.
[ForexGen White Labels] 
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.
Thursday, December 18, 2008
Russia Allows Ruble to Weaken 2nd Time in 2 Days
Ruble ratchets downward, as Central Bank loosens support for second time in 2 days
The ruble ratcheted downward Thursday as the Russian Central Bank again loosened its defense of the currency, which is under constant pressure from declining oil prices and increasing economic woes.
The depreciation was the second in as many days, the third this week, and the eighth since Nov. 11, when the bank began backing off support of the ailing national currency.
The bank manages the value of the ruble against the dollar and euro, and has sought to let it fall in value more slowly than it would have under free market conditions. Currencies of other economies based on commodities industries have tumbled much faster on expectations the global economic recession will crimp demand.
By late afternoon in Europe, the ruble traded at 33.03 against a basket comprised of the dollar and the euro, roughly a 1.1 percent drop from the previous day. It was down 1.4 percent at one point Thursday.
Russia's economic troubles have begun to snowball in recent weeks, with the ruble down about 15 percent since August in the wake of Russia's five-day war with Georgia. Stock markets have shed nearly 70 percent year to date, and investors have pulled billions of dollars out Russia. The price of oil, the mainstay of Russia's economy, has plunged by roughly $100 a barrel since July.
Analysts said the Central Bank was taking advantage of the strengthening euro to allow the ruble to depreciate while keeping the national currency steady against the dollar.
The average Russian watches the dollar-ruble rate far more closely, as it beams from exchange booths found on nearly street corners across the country.
The Central Bank fears that a sharp drop in the ruble's value against the dollar would cause panic, similar to what happened in 1998, when a collapsing ruble prompted runs on banks. The government insists it will not allow a steep devaluation of the currency.
"The euro has been strengthening rapidly against the dollar, providing an opportunity to widen the band while the ruble remains stable versus the dollar," said Tatiyana Orlova, an economist at ING Wholesale Banking in Moscow. "That's what most people tend to watch, and this move shouldn't alert people."
Economists question how long Russia can drain its international reserves to defend the ruble and have called for a steep one-off devaluation to stem capital outflows and quell speculative attacks.
Tatiyana Orlova, an economist at ING Wholesale Banking in Moscow, said she expected the Central Bank to let the ruble depreciate by 20 percent before the end of the first quarter 2009.
[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.
We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.
Wednesday, December 17, 2008
What Moves Currencies?
This section discusses the relevance of certain fundamental factors that impact the different currencies. Currency prices are primarily driven by fundamental shifts. When fundamental data is disseminated to the public, there is a reaction from investors and speculators, and that reaction drives the price movements.
Since currencies are traded in pairs, you have to compare the fundamental outlook for one currency against that of another currency. This section will teach you which economic indicators are the most important to the various currencies, and reveal what are the fundamental factors you should look out.
[ForexGen Services]
Client Services
- Customer Support
- Trading Support
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.
Tuesday, December 16, 2008
Canadian Dollar Technical Outlook
Weakness is expected to extend below 1.2120. A drop below 1.2120 would potentially complete wave ii of 5 (within the 5 wave rally from .9055) and give way to a strong wave iii rally that exceeds 1.30.
A deeper decline, closer to or even below 1.1459 is possible is a larger 4th wave as well.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
Individualized service
[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.
ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
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Monday, December 15, 2008
Motions Falsely Claim NAIS is a Voluntary Program
Legal Defense Fund to Answer to USDA, Michigan Department of Agriculture Motions to Dismiss NAIS Suit
Motions filed by the U.S. and Michigan Departments of Agriculture seeking to dismiss the Farm-to-Consumer Legal Defense Fund suit to stop the implementation of the National Animal Identification System (NAIS), incorrectly claim that NAIS is a voluntary program.
“Even as the agencies try to deny the clear facts of what they have done in Michigan, the USDA recently issued a memo that confirms what the Fund has stated in its lawsuit: NAIS is not voluntary,” said Pete Kennedy, interim president of the Fund.
Kennedy cited Veterinary Services Memorandum No. 575.19 addressed to USDA's "Veterinary Services Management Team" that requires NAIS premises registration for various disease program activities.
“The memo includes activities such as vaccinations, testing, and applying official ear tags for programs for every livestock species, ranging from brucellosis to scrapies to equine infectious anemia,” Kennedy noted. “One of the most important aspects of this memo is that people who refuse to have their farms registered will be registered against their will. Thus, USDA has officially abandoned the supposed ‘voluntary’ nature of NAIS.”
NAIS is the USDA’s plan to electronically track every livestock animal in the country. The Michigan Department of Agriculture has implemented the first two stages of NAIS – property registration and animal identification – for all those who own cattle across the state as part of a state-wide bovine tuberculosis disease control program required by a grant from the USDA.
The suit, which was filed in the U.S. District Court – District of Columbia on September 8 asks the court to issue an injunction to stop the implementation of NAIS at both the state and the federal levels by any state or federal agency. If successful, the suit would halt the program nationwide.
The suit charges that USDA has never published rules regarding NAIS, in violation of the Federal Administrative Procedures Act; has never performed an Environmental Impact Statement or an Environmental Assessment as required by the National Environmental Policy Act; is in violation of the Regulatory Flexibility Act that requires the USDA to analyze proposed rules for their impact on small entities and local governments; and violates religious freedoms guaranteed by the Religious Freedom Restoration Act.
“Other mandatory implementations, which weave NAIS into existing regulatory programs, have occurred in the States of Wisconsin and Indiana where premises registration has been made mandatory; in drought-stricken North Carolina and Tennessee, where farmers have been required to register their premises in order to obtain hay relief; and in Colorado where state fairs are requiring participants to register their premises under NAIS,” explained Judith McGeary, a member of the Farm-to-Consumer Fund board and the executive director of the Farm and Ranch Freedom Alliance.
The Fund expects to file its response to the agencies’ motions to dismiss in January.
[ForexGen Accounts Funding]
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments.
# Deposit of funds is made easy through our short online form in your account management section.
Account receivable funding could electronically funded by [ForexGen] after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.
ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
Sunday, December 14, 2008
Top Economists Talk Unconventional Fed Policy
The Federal Reserve meets on Monday and Tuesday for a policy-setting session that will include a discussion of unconventional steps the U.S. central bank can take to lift the economy out of recession when official interest rates are already close to zero.
Following are comments from top economists on what the Fed should consider:
FORMER FED VICE CHAIRMAN ALAN BLINDER
The one-word advice to Dustin Hoffman in The Graduate was "plastics." My one-word advice to the Fed now is "spreads." Fortunately, I don't think Ben Bernanke needs this advice. He gets it.
The problem is not that risk-free (or nearly so) interest rates are too high; rather, they are ludicrously low as investors shun risk-taking of any kind. The Fed will soon drop the funds rate to 50 bps, but this will be strictly a feel-good gesture that won't accomplish anything. That's a good thing, too, since with funds at 50 bps and Treasury bills at zero, there's no more ammunition there.
The real problem today is that market interest rates that are built over the Treasury or Fed funds base -- the rates at which real borrowers borrow and real lenders lend -- now range from high to prohibitive. If we are to get credit flowing again, the spreads must come down -- a lot. When the Fed buys commercial paper, guarantees GSE debt, or backs asset-backed securities, it is trying to reduce the spreads on each of these instruments over Fed funds or Treasuries. It should keep doing that.
FORMER IMF CHIEF ECONOMIST SIMON JOHNSON
Consumers and firms around the world are trying to save more. Private demand is still contracting almost everywhere, and this continues to cause widespread insolvency.
In the U.S., monetary policy has responded aggressively and a large fiscal stimulus is in the works, but the financial system remains weak. The real sources of danger are: a) many emerging markets teeter on the brink of default and/or a major currency crisis; and b) serious pressures in vulnerable eurozone countries.
Three main Fed actions can help forestall further damage to the U.S. economy.
1) Interest rates on loans should be lowered through direct Fed action on mortgages and in other markets. Purchases of assets by the Fed should not be sterilized by selling Treasury debt. Inflation is much preferable to deflation.
2) Establish a clear policy on how the U.S. banking system will be recapitalized if needed. The Citigroup bailout is not scalable; there are better ways to protect taxpayer value.
3) As most emerging market debts are in dollars, investors around the world are potentially short of dollars. The Fed can expand its swap lines to more countries both directly and though the IMF. When the IMF is involved, the cost of any default is shared with other countries.
PIMCO CO-CEO MOHAMED EL-ERIAN
(At Reuters Investment Summit)
The Fed has done a tremendous amount of work to stabilize the banking system and restore the commercial paper market. So the situation institutionally is not as bad as it was before. Having said that, it speaks to the simple fact that cutting interest rates is now like pushing on a string; you won't get much impact. So if they go from 100 basis points to 50, as they most likely will, in terms of impact it will be de minimis.
Whether they go to zero or not is complicated, because at zero you declare that the money market industry is basically -- has no model there. So I'm not sure whether they get to zero or not, but the reality is at that these low levels of rates it doesn't matter.
I expect to hear both on monetary policy and on the implementation of what has already been announced in terms of the unorthodox. Whether it comes in the statement or not, I don't have a strong view. They have tended to keep the statement for monetary policy, and refer in general terms to the unorthodox measures, and then use other press releases for the unorthodox.
As to what is next, I think we got a very strong signal from the Federal Reserve and from the speech of Chairman Bernanke (on December 1). Because ... the crisis is now impacting the consumer, there is a desire to stabilize the triple-A consumer finance segment.
So the triple-A asset-backed, Alt-A, credit card, etcetera .. is going to be the next step. Again, you don't want to get there too early. You want to make sure that implementation occurs well. But that is the next step.
[ForexGen Money Manager]
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.
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.
Monday, December 1, 2008
FOrexGen | Few Factors To Choose Forex Broker
There are few factors to be considered when choosing forex broker competiton and they are as followed:
• Consider forex broker competitive only with the required qualification. Do not forget to check all his degrees well in advance.
• In you are in United States then avoid not registered broker.
• Choose forex broker competition that offers low spread trade, as broker charge their fee depends upon the spread so better to have broker with lower spread. Good to go with fixed spreads.
• Ask the forex broker if he is willing to provide technical comments, financial calendar, and able to do market research.
• forex Broker competition must have up-to-date information on the market structure and should be willing to work with on the flexible timing.
• Must have complete knowledge about margin and spreads – go with some experienced person.
• Go with the forex brokers competitive that offer lower leverages, it is the amount of bucks that he would lend you to trade forex. So with low leverage you will have low risk in this market.
• How much margin is he willing to offer you?
• Do a careful research of the forex broker competition, avoid if he is involved in any blacklist or other delegations.
• Check out the client history and evidence.
• Have a complete talk on the commission system, better to have a written agreement.
• Must have good reputation within the forex industry.
• Your forex broker competitive must know the rules and regulation of the government.
• Ask all the questions well in advance if you have any to avoid frauds.
• Do some of the paper work and research how your broker works in the running market.
• Best is to go with the references, check out with your office colleagues or friends and relative if they know some honest forex broker.
• Do not rely on brokers words; ask for the references where he has by now worked.
[ForexGen Full White Label]
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.
ForexGen | All About Forex Broker
Forex broker competition is a person assisting you to trade in foreign currencies
and accountable to give all relevant market information. It is not obligatory to have a forex broker competition, but in order to trade efficiently you will need one. Forex brokers competition are normally regulated by government. Only a regulated broker will make sure reliability and flexibility of your trade. These Forex brokers competition work on the commission or charge basis. Some forex brokers competition in the present day ask for the a small percentage from your bid/ask spread, those brokers do not have commission or fees system. An individual may be interested in executing their trade without the help of forex broker competition, but a normal trader with less market information, putting an effort to trade in online forex market is simple like chasing a grizzly bear with bisque spoon. As the market is forex broker competitive, your chance of success will be low with our adequate broker. These forex brokers competition are not centralized unlike other kinds of trading; in fact you will come across thousands of broker that put their own currency spreads, margins and prices.
If you want to deal with online forex trading market, it is must to have a forex broker competition. It is 24 hour market and you might not be able to handle it alone. Your forex broker competitive will offer you 24 hour support. It is simple – you may carry out trade at 4am in the morning, but that might be the time of good trading and he may support you simultaneously. It is understood that choosing a forex broker competition is indispensable, but be careful while choosing one. Do not be in a hurry, check out few options around. It is good to have a demo account opened at first to confirm on the working of forex broker competition and foreign exchange market as well.
[ForexGen Introducing Brokers]
Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.
WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?
* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.
ualified and familiar multilingual platform!
* Streamline dealing with no request for quote for up to 20 million.
* The [ForexGen] online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
ForexGen | 8 Secrets To Choose A Forex Broker
Here are some other key points to consider when looking for a forex broker competition:
1. Available currency pairs - Each forex broker competitive will have, at the minimum, the seven major currencies.
2. Transaction costs - The forex broker competitive based on the bid ask spread. There should be no other hidden charges or fees. If the spread is smaller, that means it is better for you. Pip spreads vary from broker to broker so do some competitive shopping.
3. Free analysis tools - You will need to have some charts and technical analysis tools to be able to spot trends and plan your entry and exit points. Most forex brokers comptitive offer their basic services at no charge. If you require something over and beyond the basic service, there may be an additional charge.
4. Immediate execution of orders - You will need a broker who will be able to consistently execute your trade swiftly.
5. Superior customer service - If you need assistance, your forex broker competition should respond quickly and efficiently to any question that you may have. Representatives should be available around the clock either by telephone or e-mail.
6. Margin requirement - If you want to have more leverage, choose a low margin requirement. You can use margin to your advantage to produce huge profits.
7. Minimum account balance - Since you are a small individual investor, you must try to find a forex broker competitive who does not require a hefty balance to open an account.
8. User-friendly trading platform - Before deciding to go with one particular broker, choose a few forex brokers competition and ask to sign up for a free demo account.
You would do well to trade with play money while you are deciding which broker and which program works best for you.
[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.
Tuesday, November 25, 2008
ForexGen | Know Your Competition
Who are the major players in FOREX? Banks, hedge funds and multinational corporations are all big players, and they make a lot of money from FOREX. One car company recently attributed a large portion of its profit to FOREX activities. These groups should strike fear into little minnows, because these groups are the professional sharks. They trade day and night, know the ins and outs of the market, and eat the weak. Big moves are usually due to professionals, so following their lead and following Trends they start may be a good strategy.In the same waters the professional sharks swim; there are also a lot of minnows.
They are also your competition, so knowing their tendencies can help you exploit them. Forexample, unsophisticated minnow traders are likely to put stop losses in obvious support or resistance levels. Knowing this, you can exploit this tendency and feed on them. Also, think about the first “sure thing” chart formation you ever learned about.Chances are new traders are just learning about that formation now, so you could fad
their trades and likely do alright
ForexGen Money Manager
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.
For full Information and online application, please click here
Friday, November 14, 2008
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.
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.
ForexGen NDD Accounts
Time when traders are to be millionaires!
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.
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.
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.
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,
Wednesday, November 5, 2008
What's Hot and not in Choosing Regulated Forex Brokers
we hope to share with you the many aspects that this important subject has to offer you.
There are oodles of regulated FOREX brokers online these days and it is hard to pick the best from all these trading platforms. The most important criteria you want to know when choosing these trading platforms are the competitive spreads. The more competitive spread these platforms have the better. A spread is the difference between ask and bid value. The lesser the difference, the spread is said to be more competitive. Competitive spread commonly ranged around 3 to 5 pips.
The next most important criteria you need to know is the transparency of the regulated FOREX brokers platform. Sometimes they might charge you more than they tell you and you might not even know it. They are not there to cheat you. Sometimes there are just errors and I'm sure you don't want to pay more just because of all these errors.
If you're a beginner at trading FOREX
, look for regulated FOREX brokers that give away EBook at no cost that teaches you conduct to trade FOREX. Don't look for a trading method that only teaches you how to use their software. Make sure this EBook shows you everything you need to know to begin trading FOREX
. Also make sure that it provides a professional sense of the most standard techniques implemented now by FOREX traders. Other than that it should include effective and important background plus precise methods, trading tips and so on.
As we take a closer look, keep in mind all of the useful and important information that we have learned so far.
Live Accounts Contest
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.
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
Learn What to Look for When Searching for a Forex Broker
forex brokers are valuable to those that wish to enter into a forex currency trading
. With the advent of online businesses assisted by the technology of the Internet, online forex brokers
are popping up like plants in the World Wide Web because of the ease and inexpensive ways of establishing a corporate appearance. If you are a novice forex trader, you need a very good broker at your side. However, with so many of them to choose from, what should you look for in a broker?
First, brokers should offer competitive spreads, or the difference between the selling and buying prices of a certain currency. Good forex brokers 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 brokers 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’ 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 broker that will grant a leverage of about 200:1. This is the ideal leverage that forex brokers 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.
Of course, you should not be paying brokers extra charges beside the forex currency spread. This is where brokers earn money, and nothing else. Avoid those brokers that charge brokerage commissions because by law, these brokers are not allowed to make charges such as these commissions as well as anything else. You should only be paying for the information they give you, and that is the currency spread.
ForexGen Academy
If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, Forexgen has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
8 Secrets To Choose A Forex Broker
Forex brokers
can either be individuals or agencies who will do their best to help you profit from the market and cover the risk of the investment
that you made. You Forex trading will largely depend upon your broker as he or she will help you to succeed in the Forex market.
The broker does several things: helps you to manage your accounts, executes your orders and keeps you informed of market trends. You will need to take a look at the forex broker rating before you decide to choose a broker.
If you have Internet access, then you will find many website that suggest forex broker ratings. Some of the important things to know is what the minimum amount is to open an account, will there be any commission charges, etc.
You must make sure that your Forex broker has the right qualifications. Now that your list has been narrowed, it is time to research your choices. One good idea is to send some e-mails out to your customer service people and see how long it takes for them to respond.
When considering a forex broker, find out just how fast it takes him to execute an order. You should also find out how much slippage you can expect.
Here are some other key points to consider when looking for a forex broker:
1. Available currency pairs - Each forex broker will have, at the minimum, the seven major currencies.
2. Transaction costs - The forex broker is paid based on the bid ask spread. There should be no other hidden charges or fees. If the spread is smaller, that means it is better for you. Pip spreads vary from broker to broker so do some competitive shopping.
3. Free analysis tools - You will need to have some charts and technical analysis tools to be able to spot trends and plan your entry and exit points. Most brokers offer their basic services at no charge. If you require something over and beyond the basic service, there may be an additional charge.
4. Immediate execution of orders - You will need a broker who will be able to consistently execute your trade swiftly.
5. Superior customer service - If you need assistance, your forex broker should respond quickly and efficiently to any question that you may have. Representatives should be available around the clock either by telephone or e-mail.
6. Margin requirement - If you want to have more leverage, choose a low margin requirement. You can use margin to your advantage to produce huge profits.
7. Minimum account balance - Since you are a small individual investor, you must try to find a forex broker who does not require a hefty balance to open an account.
8. User-friendly trading platform - Before deciding to go with one particular broker, choose a few forex brokers and ask to sign up for a free demo account.
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
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.
Dangers of Forex Trading
There are dangers in FOREX trading if you used the wrong tools and wrong knowledge. The solution for this is to open a mini account first to see whether you're really suitable to play FOREX. You can open mini accounts for just $50. If you find that it is not suitable, you can leave the market. All you've to lose is just $50. If it is suitable, you can win not only $50 but $100 as well.
FOREX is very volatile and risky and you need the right tools, strategies and knowledge to increase your probabilities of winning substantially. In other words, there will be lots of dangers in FOREX trading if you did not use the right tools and knowledge. This is whether online FOREX trading came in.
Let's look at the benefit of trading FOREX online. Accessibility is the first advantage. You're able to trade FOREX 24 hours a day. Transactions can be effortlessly handled through websites planned for this tenacity.
Another vast benefit you can get is there is no commission fee. This means you can cut down transaction expenses with online trading. Other market such as share market needs brokerage fees, the FOREX market is a worldwide inter-bank. Trades can be made between the buyer and sellers in any moment.
When choosing a online FOREX trading, look for the platform that has the most competitive spreads. Currencies are generally traded in pairs of ask bid price. For example of AUS/USD 1.3345/1.3350, the FOREX estimate here means you can buy 1 Aussie money with 1.3350 USD or retail 1 Aussie 1.3345, and the spread is (1.3350 - 1.3345) which equals to 0.0005 and equivalent to 5 pips. FOREX platforms regularly do not charge commissions on investors' trades because they are making money from the spreads. So, it is better if the platform offers more competitive spreads.
Another danger of FOREX trading is some platforms have high spreads and this will expand your trading expenses. Also, some online FOREX trading platform has concealed expenses. So, select tenderly which online platform you want to go before investing your money there.
Expert Advisors
Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.
With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
Thursday, June 19, 2008
ForexGen Announce Opening England Branch
ForexGen LTD offers the retail trader/investor, corporation, money manager and hedge fund a complete e-commerce solution for trading margined foreign currency in the interbank market.
ForexGen LTD provides real-time margin monitoring capability in our unique, easy-to-read format. We believe that our clients need to know exactly where they stand in real time so that educated trading decisions and expert trade selection can be accomplished.
Due to expanding the activities that ForexGen LTD provides, ForexGen Announce the opening of United Kingdom Branch
Suite 72, Cariocca Business Park,
2 Sawley Road, Manchester,
Lancashire, M40BB, ENGLAND
United Kingdom
+441612619872
The Operational Office in Norway
Tollbugata 17, 0152 Oslo, Norway
Box 778 Sentrum, 0104 Oslo, Norway
For even more reasons to use ForexGen LTD, please read about the benefits of trading through ForexGen LTD.
Join the rapidly growing list of traders and money managers who have discovered the advantages of foreign exchange trading for their clients and individual trading portfolios. We are certain that after you learn more about our products, our services, and try our full-featured demo, you will decide that ForexGen is the foreign exchange execution platform for you.
We also offer an introducing broker service for both small companies and individuals; this service has proved a popular and successful facility with our clients. The foreign currency trading conditions at ForexGen are among the best available online.
We offer highly competitive currency exchange rates and quotes for all our clients regardless of their trading capital. With instant execution, there's never been a better time to join the world of foreign currency trading. With our interactive website and regular updates you should have no trouble locating all your FOREX needs, be it services or information.
ForexGen LTD enjoys the reputation of being a reliable business partner and is successfully increasing our compliment of representatives and IBs world wide.
