Quotations and spread

Direct and indirect quotes

Every country's Currency exchange market quotes its local currency against the USD as well as against other foreign currencies. The direct quotation sets the amount of the local currency required to purchase one unit of the foreign one as well as the amount of the local currency received when you sell one unit oh the foreign one. E.g. for Japan the quote 120.44- 120.52 USD/JPY means that the dollar is bought for 120.44 yen whether it is sold for 120.52 yen per unit.

Indirect quote oppositely gives the amount of the foreign currency required in case you would like to purchase one unit of the local one as well as the amount of foreign currency you'll receive if you sell one unit of the local one. This kind of quotes is used e.g. for trading the British pound sterling against the U.S. dollar and it looks like: 1.3600 - 1.3610 GBP/USD. According to this quote you must pay 1.3610 U.S. dollars if you want to purchase 1 British pound and in case you sell 1 GPB you'll get 1.3600 USD.
Bid Price, Ask Price (Spread)
Currency pairs have their "bid" (selling) and "ask" (buying) price like any other financial instrument like stocks, bonds or futures does. Spread is the difference between the bid and ask prices.

Otherwise, the rest of the funds at your account will be $4,900 in case the amount of money you risk is 1%. This will let you recover from the losses much faster and easier.
The second rule of the money management says that the profit expected from the deal is more than the money you risk. These requirements can be fulfilled by using limit and stop orders along with trailing stops.

E.g. an expected profit of 25 pips should make you set the stop order 15 pips higher or lower than the price at which you entered the trade. The usage of trailing stops, as it was described earlier will make the expectancy ratio higher. If you use trailing stop, you will insure yourself from having high losses and will make your profits dominate.
A successful forex traders use these common techniques in order to make their profit stable and predictable. I don't think the more complicated information is worth giving as the majority of readers don't know yet what Forex is, so this is the basic information to give. There is an additional information concerning various advanced and complicated strategies you can see on the web site.


[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
incomparable to any other rival.