name: forexgen best broker
Market News with ForexGen
31 March, 2008
China's Feb. trade surplus shrinks 63 per cent; gap with U.S.A., Europe narrows
BEIJING - China's politically sensitive trade surplus plunged in February as
U.S. and European demand for Chinese goods weakened and
Canadian Business, 10/03/2008 07:44
American Axle, UAW to resume negotiations Monday
DETROIT - Negotiations between the United Auto Workers and auto parts maker American
Axle and Manufacturing Holdings Inc. have
Canadian Business, 10/03/2008 07:41
Big fall in China's trade surplus
China's trade surplus unexpectedly falls sharply in February, and there are
warning signs on inflation.
BBC Business, 10/03/2008 07:13
BA pilot strike talks break down
Talks to avert a strike by pilots over BA plans to launch a new transatlantic
subsidiary collapse.
BBC Business, 10/03/2008 07:11
5 money books to change your life
It's not often that a book on personal finance has something new to contribute.
Here are a few that do.
MSN Money, 10/03/2008 07:01
A stock as solid as concrete
Shares of Cemex are down, but this century-old
company is far from out. It gets a perfect five-star rating in.
MSN Money, 10/03/2008 07:01
Alkermes Shares Fall on Insulin Program (AP)
Shares of Alkermes Inc. fell Friday after the biotechnology company said it
expects partner Eli Lilly and Co. to end.
Yahoo US markets, 10/03/2008 06:58
Where to stash college savings
The tax incentives of an in-state 529 plan are obvious, but the benefits may
not be as great as they.
MSN Money, 10/03/2008 07:01
Next shoe to drop: Prime mortgages
The credit crunch is cutting a broad swath across the economy, and it's hard to
know how far it will.
MSN Money, 10/03/2008 07:01
Ambac Shares Rise After Stock Sale (AP)
Ambac Financial Group Inc.'s stock rose Friday after the bond insurer unveiled
plans to sell a big piece of itself.
Yahoo US markets, 10/03/2008 06:58
Alnylam Shares Fall on Program Concerns (AP)
Shares of Alnylam Pharmaceuticals Inc. tumbled Friday over concerns that the
biotechnology company may be moving too slowly in developing.
Yahoo US markets, 10/03/2008 06:58
US auto sector ratings not yet hit by American Axle strike - S&P -
CNNMoney.com
WZZM.
Google Business News, 10/03/2008 06:52
Boeing Shares Drop on 787 Delay Report (AP)
Shares of Boeing Co. fell Friday after an analyst indicated possible delays
with the aircraft maker's much-anticipated 787 deliveries.
Yahoo US markets, 10/03/2008 06:58
Big Lots Shares Rise on 'Buy' Rating (AP)
Shares of Big Lots Inc. rose on Friday as an analyst said the closeout retailer
is poised for growth and.
Yahoo US markets, 10/03/2008 06:58
Chevron, Mitsui Oil to launch 3.1 bln usd gas project in Thailand - CNNMoney.com
Boston Globe.
Google Business News, 10/03/2008 06:48
Business Events for the Coming Week (AP)
Major business events and economic events scheduled for the coming week :
MONDAY, March 10 WASHINGTON -- Treasury bill auction.
Yahoo US markets, 10/03/2008 06:58
Credicorp Shares Dip on Citi Downgrade (AP)
Shares of Credicorp Ltd. slipped Friday after a Citi Investment Research
analyst downgraded the company, saying the stock price is.
Yahoo US markets, 10/03/2008 06:58
India Fin Min: Government, RBI To Monitor Capital Inflows
India Fin Min: Government, RBI To Monitor Capital Inflows.
Dow Jones Newswires, 10/03/2008 06:48
Investors Eye Retail, Inflation Data (AP)
This week on Wall Street, investors will find out if consumers' worries about
housing, jobs and rising prices are affecting.
Different Types of Forex Orders with ForexGen
A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each
type of order is necessary to be a successful FOREX trader.
Market Order – is an order to buy or sell at the current market price. They can
be used to enter or exit a trade.
Market orders should be used with care because in fast-moving markets there may
be a difference between the price seen at the time a market order is given and
the actual price of the transaction. This is due to slippage – the amount the
market moves in the few seconds between giving an order and having it executed.
Slippage could result in a loss or gain of several pips.
Limit Order – is an order to buy or sell at a certain limit. They can be used
to buy currency below the market price or sell currency above the market price.
When buying, your order is executed when the market falls to your limit order
price. When selling, your order is executed when the market rises to your limit
order price. There is no slippage with limit orders.
Stop Order – is an order to buy above the market or to sell below the market.
They are most commonly used as stop-loss orders to limit losses if the market
moves contrary to what the trader expected. A stop-loss order will sell the
currency if the market falls below the point set by the trader.
One Cancels the Other (OCO) – this order is used when placing a limit order and
a stop-loss order at the same time. If either order is executed the other is
cancelled, allowing the trader to make a transaction without monitoring the
market. If the market falls, the stop-loss order will be executed, but if the
market rises to the level of the limit order, the currency will be sold at a
profit.
http://www.forexgen.com/
* Example OCO Transaction:
Buy: 1 standard lot EUR/USD @ 1.3228 = $132,280
Pip Value: 1 pip = $10
Stop-Loss: 1.3203
Limit: 1.3328
This is an order to buy US dollars at 1.3328 and to sell them if they fall to
1.3203 (resulting in a loss of 25 pips or $250) or to sell them if they rise to
1.3328 (resulting in a profit of 100 pips or $1,000).
* Here's another example:
The current bid/ask price for US dollars and Canadian dollars is
USD/CDN 1.2152/57
...meaning you can buy $1 US for 1.2152 CDN or sell 1.2157 CDN for $1 US.
If you think that the US dollar (USD) is undervalued against the Canadian
dollar (CDN) you would buy USD (simultaneously selling CDN) and wait for the US
dollar to rise.
This is the transaction: Buy USD: 1 standard lot USD/CDN @ 1.2157 = $121,570
CDN
Pip Value: 1 pip = $10
Stop-Loss: 1.2147
Margin: $1,000 (1%)
You are buying US$100,000 and selling CDN$121,570. Your stop loss order will be
executed if the dollar falls below 1.2147, in which case you will lose $100.
However, USD/CDN rises to 1.2192/87. You can now sell $1 US for 1.2192 CDN or
sell 1.2187 CDN for $1 US.
Because you entered the transaction by buying US dollars (buying long), you
must now sell US dollars and buy back CDN dollars to realize your profit.
You sell US$100,000 at the current USD/CDN rate of 1.2192, and receive 121,920
CDN for which you originally paid CDN$121,570. Your profit is $350 Canadian
dollars or US$287.19 (350 divided by the current exchange rate of 1.2187).
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