ForexGen | Know Your Competition

Why should you bother to know your competition in the FOREX market? Simply put,FOREX is a zero sum game – for every dollar someone wins, someone else loses that dollar. Wealth is only created for some by taking from others. It is not like the stock market, where almost everyone (except a small amount of short sellers) benefits from rising stock prices. FOREX is definitely not “win/win,” but rather “win/lose.” Knowing this rule, and recognizing your competition’s tendencies, can help give you an edge.

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