11 March, 2008
Patterns Recognizer
Technical analysts in the Forex
market found that by observing the candlesticks patterns, there are
recurring patterns on the candlestick charts. Such patterns are like
recurring pictures on the candlestick charts and they tend to occur
when a trend is about to end or reverse its direction. The patterns are
a very good visual representation of the price movements and it give
traders a good view of what is likely to happen next in the market.
Why are candlesticks patterns important? 
The answer for this question is quite simple
because candlesticks represent true status of what is going on in the
market at the current moment. If a candlestick range is tight, this
means that the market range for the trading day was very tight. If
these narrow candle range appears after a strong up-trend, it may be
a strong indication that themarket there is a bearish power have now
entered the market more aggressively, and it's strongly suggesting that
the price may fall down.
Finally, candlesticks patterns can be easily used to
determine potential reversals of the current trends in the market -
most likely when used at the same time with other technical indicators.
By constantly observing the candlestick patterns, traders can observe
potential reversals of trends and have good opportunities to join the
market with strong indication of what will go on next.
Join Us @ www.ForexGen.com To Get More Information.
11 March, 2008
The Market Watch With ForexGen
The
Market Watch window is a floating palette. It has the ability to be
dragged anywhere on the screen. The Market Watch window which is also
called the Quotes Window shows the current prices of the traded
currency pairs and the currency market news in the currency market. It
also permits quick dealing with any currency pair.
The
Market Watch window item can be accessed using the menu items View >
Market Watch or by pressing the Ctrl + M key combination. In addition,
the Market Watch button on the toolbar allows showing or hiding the
Market Watch window.
The trader can start trading just by double click the desired vehicle and the Order Form will be opened. The Order Form can also be accessed by right-clicking the desired currency pair then selecting New Order.
Join Us @ www.forexGen.com To Know More.
11 March, 2008
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.
1) Claim Your Bonus:
Free Cash Bonus For Fresh New Clients ONLY:
Free cash bonus when you open your new live account
withen the next 30 days. You will recieve a FREE cash bonus which will
be added to your trading account. The cash bonus depends on the account
type you open.
Account Type
|
Free Cash Bonus
|
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Mini Account
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10% of your deposit
maximum $250
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Standard Account
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10% of your deposit
maximum $500
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Open Live Account Now 
2) Demo Account Contest:
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 This e-mail address is being protected from spam bots, you need JavaScript enabled to view it 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.
Open Demo Account Now 
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.
3) Live Account Contest:
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest.
This is NOT a demo contest
this
is a live trading competition open for all live mini account holders.
At the beginning of each month, the slate is wiped clean and traders
have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?
You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com This e-mail address is being protected from spam bots, you need JavaScript enabled to view it including their "live Account Number".
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)
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.
Winners will be announced by the 15th of the following month.
Open Live Account Now
4) Refer A Client:
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.
Refer A Client Now 
5) Scalping Enabled Account:
Trade and scalp the market
ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No
Dealing option provide traders with direct access to the best bid/ask
prices through multiple bank access. No re-quotes & No dealer
confirmation is the main characteristic of the no dealing option made
specifically for “scalpers” and active FX professionals. Absolute
freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms,
ForexGen offers traders all the advantage of a “no dealing desk” option:
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Trade the news without intervention or restrictions
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Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.
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Place scalping orders without intervention or restrictions.
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A client-friendly trading environment, No re-quotes.
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Ability to place orders inside the spread
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Competing rates from multiple banks
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Spreads are variable and can move sharply
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Ideal for active or professional FX traders
For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com .
Also you can chat with our representatives.
Also you can request a call back from one of our agents by sending us your contact number and the best time we can reach you.
And For More InforMation About ForexGen Join Us @ www.forexGen.com
11 March, 2008
ForexGen SCAM Warning
1. Stay away from opportunities that seem too good to be true:
Always remember that there is no such thing as a "free lunch." Be
especially cautious if you have acquired a large sum of cash recently
and are looking for a safe investment vehicle. In particular, retirees
with access to their retirement funds may be attractive targets for
fraudulent operators. Getting your money back once it is gone can be
difficult or impossible.
2. Avoid any company that predicts or guarantees large profits:
Be extremely wary of companies that guarantee profits, or that tout
extremely high performance. In many cases, those claims are false. The
following are examples of statements that either are or most likely are
fraudulent: "Whether the market moves up or down, in the currency
market you will make a profit." "Make $1000 per week, every week" "We
are out-performing domestic investments." "The main advantage of the
forex markets is that there is no bear market." "We guarantee you will
make at least a 30-40% rate of return within two months."
3. Stay Away From Companies That Promise Little or No Financial Risk:
Be suspicious of companies that downplay risks or state that written
risk disclosure statements are routine formalities imposed by the
government. The currency futures and options markets are volatile and
contain substantial risks for unsophisticated customers. The currency
futures and options markets are not the place to put any funds that you
cannot afford to lose. For example, retirement funds should not be used
for currency trading. You can lose most or all of those funds very
quickly trading foreign currency futures or options contracts.
Therefore, beware of companies that make the following types of
statements: "With a $10,000 deposit, the maximum you can lose is $200
to $250 per day." "We promise to recover any losses you have." "Your
investment is secure."
4. Don't Trade on Margin Unless You Understand What It Means:
Margin trading can make you responsible for losses that
greatly exceed the dollar amount you deposited. Many currency traders
ask customers to give them money, which they sometimes refer to as
"margin," often sums in the range of $1,000 to $5,000. However, those
amounts, which are relatively small in the currency markets, actually
control far larger dollar amounts of trading; a fact that often is
poorly explained to customers. Don't trade on margin unless you fully
understand what you are doing and are prepared to accept losses that
exceed the margin amounts you paid.
5. Question Firms That Claim To Trade in the "Interbank Market"
Be wary of firms that claim that you can or should trade in the
"interbank market," or that they will do so on your behalf.
Unregulated, fraudulent currency trading firms often tell retail
customers that their funds are traded in the "interbank market," where
good prices can be obtained. Firms that trade currencies in the
interbank market, however, are most likely to be banks, investment
banks and large corporations, since the term "interbank market" refers
simply to a loose network of currency transactions negotiated between
financial institutions and other large companies.
6. Be Wary of Sending or Transferring Cash on the Internet, By Mail or Otherwise
Be especially alert to the dangers of trading on-line; it is very easy
to transfer funds on-line, but often can be impossible to get a refund.
It costs an Internet advertiser just pennies per day to reach a
potential audience of millions of persons, and phony currency trading
firms have seized upon the Internet as an inexpensive and effective way
of reaching a large pool of potential customers. Companies offering
currency trading on-line will usually be located in different legal
jurisdictions to you. Even if they display an address or any other
information identifying their nationality on their Web site it may be
false. Be aware that if you transfer funds to foreign firms it may be
very difficult or impossible to recover your funds.
7. Currency Scams Often Target Members of Ethnic Minorities:
Some currency trading scams target potential customers in ethnic
communities, particularly persons in the Russian, Chinese and Indian
immigrant communities, through advertisements in ethnic newspapers and
television "infomercials." Sometimes those advertisements offer
so-called "job opportunities" for "account executives" to trade foreign
currencies. Be aware that "account executives" that are hired might be
expected to use their own money for currency trading, as well as to
recruit their family and friends to do likewise. What appears to be a
promising job opportunity often is another way many of these companies
lure customers into parting with their cash.
8. Be Sure You Get the Company's Performance Track Record
Get as much information as possible about the firm's or individual's
performance record on behalf of other clients. You should be aware,
however, that It may be difficult or impossible to do so, or to verify
the information you receive. While firms and individuals are not
required to provide this information, you should be wary of any person
who is not willing to do so or who provides you with incomplete
information. However, keep in mind, even if you do receive a glossy
brochure or sophisticated-looking charts, that the information they
contain might be false.
9. Don't Deal With Anyone Who Won't Give You His Background
Plan to do a lot of checking of any information you receive to be sure
that the company is and does exactly what it says. Get the background
of the persons running or promoting the company, if possible. Do not
rely solely on oral statements or promises from the firm's employees.
Ask for all information in written form. If you cannot satisfy yourself
that the persons with whom you are dealing are completely legitimate
and above-board, the wisest course of action is to avoid trading
foreign currencies through those companies.
11 March, 2008
ForexGen Careers
ForexGen aims to set a new standard for global FX
trading, and our team members own the drive, determination and
excitement to revolutionize the Forex trading world.If you are a
passionate, high-energy professional interested in paving the next era
in FX, and would like to be a part of a challenging work environment
that stimulates and promotes professional development, please check out
our list of available positions.
ForexGen is an equal opportunity employer, providing consideration to all qualified job candidates.
Career Opportunity
Click the Image Below To Know More About ForexGen Careers
The following positions are for our dealing rooms in Dubai, Cairo,
Oslo, and NY.
Dealing Room
Operations
Customer Services
Join us @ www.forexGen.com To Know More.
11 March, 2008
White Label Partner With ForexGen
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
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Streamline dealing with no request for quote for up to 200 lots (20 million).
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Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
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Constantly updated real time prices.
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Real time charts with the most common indicators.
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Daily account statement.
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Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
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Streaming news quotes provided by AFX News.
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An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined
percentage for every closed lot traded by their customer in case that
White Label partner does not raise the spread or charge their customers
a commission.
Commission is paid out every month.
Individualized service
ForexGen white label trading offers our partner's individualized
service created according to the individual needs and specified
business situation for each IB.
White labeling enables you to access
one of the two highly advanced ForexGen online Trading platforms
according to the customer designation. This reduces your responsibility
to provide a platform support and accounting personnel that is
regularly required.
White Label trading service enables
your customers to benefit from ForexGen advantages which revolutionize
the retail foreign exchange industry.
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A qualified
online trading platform that offers sophisticated forex charts, a large
scale of indicators and trading mechanism , hedging feature, trailing
stops that adjust pip by pip, real time streaming quotes and more!
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ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
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Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
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ForexGen leverage could be 200:1 on standard accounts.
Join Us @ www.forexGen.com To Get More Informations
11 March, 2008
ForexGen System Requirements
The following operation systems support ForexGen client:
Microsoft Windows 98; Microsoft Windows Me; Microsoft Windows 2000; Microsoft Windows XP.
Devices and software required:
• ForexGen Trading Station.
• Pentium 100 Mhz, 16 Mb RAM, 2 GB HDD or higher.
• Microsoft Windows 98/Me/2000/XP.
• Internet access (modem or permanent connection).
Join Us @ www.forexgen.com to know more
11 March, 2008
No Maintenance Margin Policy With ForxGen
ForexGen "no maintenance margin policy" means that our clients' positions can reach and go below the margin requirements without ForexGen close their opening positions. Throughout the week your positions may fluctuate and ForexGen will take no action. We only require you to respect the margin requirements by Friday 23:00 GMT and before holidays.
"No maintenance margin policy" means if your positions go below the
margin requirements, we don't close your account or even give you
margin calls. However, if you approach the level where the loss of your
open positions approaches the balance of your account, you will be
stopped out and your positions will be closed. Stop positions will be
executed when there is only around 5% equity of the required margin
left in your account. Offering "no maintenance margin policy" to our
clients gives more flexibility and confidence to our clients, as they
can decide for themselves when they want a position to be closed.
Sometimes if the price is going against you, many of our competitors
would close the position if it goes below the required margin - even if
the price bounces back the next moment. We give the client complete
control over his positions.
for more informations: www.ForexGen.com
11 March, 2008
ForexGen Pip value calculator
ForexGen
|
Pip value calculator
|
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Pip value constantly changes according to the market currency price for indirect currency pairs.
Kindly
enter the current value of the bid/ask of your desired pair in the
price box then press retrieve button to get the pair pip value in
dollar
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Instructions
You may input any prices you need
in the second column of the table. If you are using non-standard lots,
you may input the size of your lot in the bottom cell.
Other currencies with same USD pip
value EUR/USD GBP/USD, AUD/USD USD/JPY EUR/JPY, GBP/JPY, AUD/JPY
USD/CHF EUR/CHF, GBP/CHF USD/CAD EUR/CAD
Join Us @ www.forexGen.com To Know More About it
11 March, 2008
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