name: forex market
Scalping Enabled Account
26 June, 2008
Live Accounts Contest
26 June, 2008
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 By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:
First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit
(Profits will be added to the live account balance) For mor information visit : http://www.forexgen.com/
Refer A Client
26 June, 2008
If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:
1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.
2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.
You can gather more information via : http://www.forexgen.com/
Demo Accounts Contest
26 June, 2008
ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.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.
You can gather more information via : http://www.forexgen.com/
Expert Advisors
25 June, 2008
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.For more information visit : http://www.forexgen.com/
What is an Expert Advisor?
25 June, 2008
It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text
Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4.
There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience.
For more information visit : www.forexgen.com
Pivot Calculator
25 June, 2008
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis. You can gather mre information via : http://www.forexgen.com/
Pair’s Hedging Detector
25 June, 2008
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
For more information visit : http://www.forexgen.com/
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