WHY FOREXGEN ?
Monday, June 9, 2008
Pivot Calculator
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.
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Multi Pair Chart Indicator
The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies (the added pairs and the host pair) The multi pair chart is an indicator which represents more than one pair symbol, it creates further correlations between the pairs through hedging.
It simulates the expected relations between more than one symbol to be more useful and to facilitate the trading process.
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Custom indicators
ForexGen offers you the chance of a life time by dedicating a team of experienced developers specialized in Forex market to give you assistance and support in your ideasContact us at: development@ForexGen.com This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
Our house experts categorize and make combinations of the trend, oscillators, bill Williams, volumes and other custom indicators, the CIF signal values is generated according to the indicators’ combinations depending on certain calculations, volumes and correlations between more than one indicator and according to a specified function that weights the indicators’ signal.
The CIF values are represented graphically via four lines
(short .middle, long, current).

Types of Trading Analysis
There are 2 types of analysis you can take when approaching the forex:
Fundamental analysis and Technical analysis.
There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both.
It’s important to get a birds-eye view of the currency markets and learn how news affects prices. This is why you must follow and understand the daily forex news and market analysis of the professional currency analysts. Eventually, you’ll start to figure out what kind of role fundamental news will play in your trading. Fortunately, most of the Forex news and analysis is offered free on the Internet and we show you were the best ones are.
Fundamental analysis:
Fundamental analysis is a method used to evaluate the worth of a security by studying the financial data of the issuer. It scrutinizes the issuer’s income and expenses, assets and liabilities, management, and position in its industry. In other words, it focuses on the “basics” of the business.
If you want to use fundamentals to help you make an investment decision, you would rely heavily on an offering prospectus, annual and quarterly reports as well as any current news items relating to the issuer whose securities you are considering.
There follows parts of fundamental analysis will be described:
Types of charts ?
Graphical methods ?
Analytical methods ?
Technical indicators
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Forex Lingo
As in any new skill that you learn, you need to learn the lingo…especially if you wish to woo your love’s heart.
You, the newbie, must know certain terms like the back of your hand before making your first trade.
What are the major currencies that you can trade?
Most trading platforms offer trading with:
EUR (Euro) .
JPY (Japanese Yen).
GBP (British Pound).
CHF (Swiss Franc).
Euro / US Dollar .
US Dollar / Japanese Yen .
British Pound / US Dollar .
US Dollar / Swiss Franc .
Forex Broker
Forex Broker
The main participants in forex market can be divided into the following types: banks, some commercial companies and some foreign currency brokers.
Choosing a Broker :
Low Spreads - The spread, calculated in “pips”, is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time.
Forex brokers don’t charge a commission, so this difference is how they make money
Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need o provide).
Also, forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC).
Extensive Tools and Research - Forex brokers offer many different trading platforms for their clients - just like brokers in other markets.
These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems .
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ForexGen Academy
If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, Forexgen has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills .
How to Get StartedPeople are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others.
Step 1: Practice makes perfectDemo trade.
The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to:
1) place market orders to enter a trade,
2) place stop-loss orders to protect your positions .
Step 2: Study, Study, Study
Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions.
Fundamental analysis involves the use of economic, financial and political news to determine trading decisions.
Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Step
3: Manage your money wisely
You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:
1) How much am I willing to risk?
2) What is my upside and downside potential?
3) What are the market conditions?
(Is the market volatile or calm?)
4) What is the logic behind entering this trade?
Forexgen Promotions
Claim Your BonusSpecial Promotion for New ClientsFree 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
Mini Account 10% of your deposit maximum $250
Standard Account 10% of your deposit maximum $500
Fibonacci Summary
There are 2 types of Fibonacci:
Fibonacci extension:the levels of Fibonacci extension will be 0, 0.382, 0.618, 1.000, 1.382, 1.618.many Traders can use the Fibonacci extension as profit taking level and when they watch the same levels ,they can buy or sell to enter the trade or cancel it,so this will become a due self-fulfilling execptation .
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Simple Moving Average
the simple moving average is formed by calculating the average price of a security over a particular number of periods.
While it is possible to create moving averages from the Open, the High and the Low data points, most moving averages are created using the closing price.
For example: a 4-day simple moving average is calculated by adding the closing prices for the last 4 days and dividing the total by 4.
11+ 12 + 13 + 14 = 50
(50 / 4) = 12.5for more information > > >
Exponential Moving Average
Exponential Moving Average (EMA) In order to reduce the lag in simple moving averages, technicians often use exponential moving averages (also called exponentially weighted moving averages).
exponential moving average reduce the lag by applying more weight to recent prices relative to older prices.
The weighting applied to the most recent price depends on the specified period of the moving average.
The shorter the exponential moving average’s period, the more weight that will be applied to the most recent price.
For example: a 10-period exponential moving average weighs the most recent price 18.18% while a 20-period EMA weighs the most recent price 9.52%. As we will see, the calculating and exponential moving average is much harder than calculating an simple moving average.
The important thing to remember is that the exponential moving average puts more weight on recent prices. And so it will react quicker to recent price changes than a simple moving average.
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