Base and Counter Currencies and Quotes

Currency traders must become familiar also with the way currencies are quoted.

The first currency in the pair is considered the base currency; and the second is the counter or quote currency. Most of the time, U.S. dollar is considered the base currency, and quotes are expressed in units of US$1 per counter currency (for example, USD/JPY or USD/CAD). The only exceptions to this convention are quotes in relation to the euro, the pound sterling and the Australian dollar - these three are quoted as dollars per foreign currency.

Forex quotes always include a bid and an ask price. The bid is the price at which the market maker is willing to buy the base currency in exchange for the counter currency. The ask price is the price at which the market maker is willing to sell the base currency in exchange for the counter currency. The difference between the bid and the ask prices is referred to as the spread.

The cost of establishing a position is determined by the spread, and prices are always quoted using five numbers (for example, 134.85), the final digit of which is referred to as a point or a pip. For example, if USD/JPY was quoted with a bid of 134.85 and an ask of 134.90, the five-pip spread is the cost of trading this position. From the very start, therefore, the trader must recover the five-pip cost from his or her profits, necessitating a favorable move in the position in order simply to break even.

[ForexGen Promotions]

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

*[Claim Your Bonus]
* [Live Account Contest]
*[ Demo Account Contest]
* [Refer A Client]
* [Scalping enabled Account]

Buying and Selling Currencies

Regarding the specifics of buying and selling on forex,

it is important to note that currencies are always priced in pairs. All trades result in the simultaneous purchase of one currency and the sale of another. This necessitates a slightly different mode of thinking than what you might be used to. While trading on the forex, you would execute a trade only at a time when you expect the currency you are buying to increase in value relative to the one you are selling. If the currency you are buying does increase in value, you must sell the other currency back in order to lock in a profit. An open trade (or open position), therefore, is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

[Why ForexGen]


1. Lowest spreads in the market with 0-1 pip spread 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.

Trading Opportunities

The sheer number of currencies traded serves to ensure a rather extreme level of volatility on a day-to-day basis. There will always be currencies that are moving rapidly up or down, offering opportunities for profit (and commensurate risk) to astute traders. Yet, like the equity markets, forex offers plenty of instruments to mitigate risk and allows the individual to profit in both rising and falling markets. Forex also allows highly leveraged trading with low margin requirements relative to its equity counterparts. Perhaps best of all, forex charges zero dealing commissions!

Many of the instruments utilized in forex - such as forwards and futures, options, spread betting, contracts for difference and the spot market - will appear similar to those used in the equity markets. Since the instruments on the forex often maintain minimum trade sizes in terms of the base currencies (the spot market, for example, requires a minimum trade size of 100,000 units of the base currency), the use of margin is absolutely essential for the person trading these instruments.

[ForexGen 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 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"

After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

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.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

3 Ways to Make Money With FOREX Trading

There are many ways to make money FOREX trading, but not matter which one you choose it will always be about having the best tools and resources on your side.

That is what the pros do so you should not do any different.
In my experience, in order to realistically make money FOREX trading you should have at least one of these tools and resources:

1) A first class FOREX trading course with a set of precise and effective strategies to enter and exit the market safely and profitably.

2) A FOREX trading signal software or service to pinpoint the right time to enter and exit the market for a profitable trade.

3) An automated FOREX trading system with the ability to place and close trade orders for a profit all by itself.
The first option is always a desirable one, because it will give you the edge of awareness and you will understand why and how you are trading in a profitable way. The downside here is that FOREX trading safely armed only with your own analysis of the market will take you some time. Also, once you have mastered a few strategies, you will have to dedicate some time during the day in order to analyze the market and place trade orders.
The second option will not require you to study or learn the ropes of FOREX trading, because all you will have to do is follow the signals in order to place the trading orders at the precise moment signaled by the software or service. This option however, will demand some time during the day, because if you are not in front of your computer when the software or service spots a profitable entry point, you could lose many good trades.

The third option to make money FOREX trading -and the most popular these days- is the fully automated one, because it works an a similar way as the second alternative, only here you will not have to place trades manually. In fact, you will not have to place any trades whatsoever, as all the trading activity will be carried out by the software, meaning that you can be at work, sleeping or out dinning and still you will be making money FOREX trading.
Since the FOREX market runs 24 hours per day, it really pays to have the ability to analyze it and place trades at any hour of the day or night, something no human could do

[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.

There Are Many Reasons You Require a Forex Trading System, Buy Only One Really Matters

Prior to 1997, the Foreign Exchange Markets (Forex or FX) were the private domain of the large international financial institutions.

That was the year they were deregulated, which allowed private investors entry into the markets. Since that period, each year, more and more people have been flocking to the currency markets to the point it is now a stampede with people from every country in the world entering daily. This gets us to the Forex trading systems and why most if not all profitable financiers that participate in the market utilize at minimum one currency trading software.

When you enter a trade in the FX markets, unlike the stock markets, there is always one winner and one loser. One person or financial institution will make money and the other unfortunately, will lose money. In the stock markets there could be numerous sellers of a stock in a row that will accumulate losses if a stock is dropping in value or price. This is one of the enormous benefits of investing in the Forex markets verse the stock markets.
If you are investing in the markets, one could only assume you are doing it for one purpose, which is to make money. If your competition has access to the most advanced trading tools, don't you think you should too? Of course you should, that is a simple answer that is beyond debate. Today and in the foreseeable future Forex software trading systems will be and are the most sophisticated tools a trader can employ.

The vast majority of the top rated Forex trading platforms that are on the market have gone through multiple refinements, enhancements and upgrades over the years to the point they are now extremely reliable and dependable pieces of software. These systems are now at the point they can assist investors make wiser trading decisions and improve there profits.

My three favorites Forex trading systems that I personally employ everyday are Fap Turbo, Supra Forex and Forex Trend Systems. As a professional Forex trader, I am always looking for that extra edge in helping me improve my profits. I have researched, purchased and tested every currency trading software system that I have ever been able to find. When I first started trading, shortly after the deregulation I could of only dreamed of having access to what new traders have available to them today. Please take your time and thoroughly research the market before making your final purchasing decision and be sure to invest in a top rated product and I am positive you will receive good value for your money and hopefully, something that will make you money in the future.

[ForexGen 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.

Forex Scalping Secrets For Success

Forex scalping is one of the most popular ways for traders to make money online - so what are the Forex scalping secrets for success you need to know and how do you win big? Let's find out...
The challenge of Forex scalping is to in just a matter of minutes or hours work out what a huge diverse mass of traders are going to do.

These traders all have different aims objectives motivations and skills so how do you know countless millions of traders are going to do and how can you profit from them?
The answer is Forex scalping secrets for success don't exist because, Forex scalping doesn't work. It's simply one of the dumbest ways to trade and here are some facts you need to know.
Forex Scalping System Track Records

They all have great gains but look closer and you will see it's a paper back test knowing the closing prices and that's easy. When the system trades for real dollars it gets smoked, as you don't get the closing price in advance in the real world.
All short term volatility is random
Support and resistance cannot be used to trade off when volatility is random and if you can't do that, you cannot get the odds on your side and you will lose.
The Myth of Scientific Movement
Many scalpers think the market moves to mathematics and science and don't believe price movement is random but it's obvious that mathematics is no help at all in trading. All the predictive theories get turned to dust. If of course there were a mathematical theory that worked, there would be no market as we would all know the price in advance.
A Better Way to Trade
If you like short term trading, then try Forex Swing trading, you can get the odds on your side and can win.

Forex scalping secrets is a catchy headline but day trading is really gambling and if you like gambling, that's fine but I would rather go to the casino, at least you have some fun losing!

[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.

Forex Appreciation & Depreciation

As currencies from different countries interact in the Forex market they will face periods of appreciation or depreciation in their value respect to other currencies being traded in the global currency markets.
In other words this means that the appreciation or depreciation of a currency is a direct consequence of the market forces and not of some kind of government mandate.

For example a great depreciation can happen when driven by the panic of bad economic news in a country, most holders of the currency start trading it for more secure assets causing the currency of that country to depreciate; as for the ruble against the U.S dollar in the 1998 crisis in Russia.
Also it can happen that suddenly everyone wants to buy a particular currency so this will cause its value to increase or appreciate, given that country's currency more buying power but maybe starting an inflationary process at the same time and making the exports of this given country more expensive in the international market.

As you can see from what we have discussed in the paragraphs above. Appreciation and depreciation of a given currency has their good and bad consequences for the countries holding them . In the same manner, this two poles of the market value of the currencies must be treated with different approaches by the forex trader.
This takes us directly to the concepts of having long and short position in our forex trades. In short when you have concluded or have signals that the currency you are selling will appreciate you go "long", this is you want to have the currency as long as necessary for it to increase its value so you can make a profit. On the contrary if you think that particular currency will depreciate you then go "short", you want to get rid of it fast, at the price you bought it, before it loses more value.

[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.