Technical Analysis

Technical Analysis

ForexGen studies past price and volume changes in order to build up simulations on future price movements. ForexGen’s analysts mainly make use of charts and financial formulas to gather enough information used in technical price speculations.
Types of indicators used in technical analysis:

• Cycle indicators
This type of indicators specify the exact time of an expected market change due to a repeatable phase that the market go through (Elections, seasons…etc)

• Volatility indicators
Changes in volatility tend to lead changes in prices. (Example: Bollinger Bands)

• Trend indicators
This one mainly examines the variable price data to create moving averages and trend lines.

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Fundemental Analysis

Fundemental Analysis

• It is the study of change in price through micro and macro economic levels due to political and economic conditions in countries. Analysts use fundamental analysis to predict the future trends of one nation’s currency in terms of another.

• Fundamental analysis is usually affected by the following factors:
  
  • Official discount rate .
  • FOMC and Meeting .
  • Inflation.
  • Budgetary deficit .
  • Economic indicators .
  • Trade balance .
  • Consumer price index (CPI) .
  • Producer price index (PPI) .

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Trading Terminal

Trading Terminal

The Trade Terminal allows trading and controlling the opened positions in real-time. It can be accessed through the menu opens View - Terminal or by pressing the Ctrl + T key combination. The Trade Terminal button on the toolbar can also be used. The Trade Terminal can be dragged to anywhere on the screen .Account History Tab
The trade operations’ information is stored in the Accounts History tab.
News Tab
Real time streaming news, showed directly on the desktop ForexGen customers and demo users.

Alerts Tab
This tab contains information about any created alerts.
The alerts are generated for signaling events in the markets.
The trader can set up his own alerts and the client terminal will automatically inform the trader of the server event.

Mailbox Tab
The Mailbox is ForexGen internal mailing system which includes the information about the registration, account and system.

Experts Tab
The Experts tab contains the information about any attached expert, including opening / closing of positions, the modification of orders, the experts own messages, etc.

Journal Tab
The Journal tab contains a list of your actions within the current session.

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ForexGen Trading Station :

ForexGen Trading Station :

ForexGen Trading Station is the client part of online ForexGen Trading Platform.

We provide all the needed trading tools for a successful trading.

We attempt to supply the sufficient information and tools in order to make the Forex traders’ decisions more appropriate and easier.

The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as perform technical analysis and develop Forex trading strategies of their own.

ForexGen provides continuous real-time information and sophisticated technical analysis tools.

ForexGen Trading platforms are stable , secure and characterized by its unique performance.

It is the best solution for trading on Forex, CFD and Futures markets .

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Deposit Funds with Forexgen

Deposit Funds with Forexgen

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client’s account will be funded in the same day of receipt.

For our client’s security, each wire transfer reference section must contain the client’s name and account number.

ForexGen minimum deposit required to start trading is $250 . Also we have no limit for depositing fund into your account .

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Open Demo Account

Open Demo Account

ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform.

A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services.

The trader must enter a valid e-mail address to freely open a demo account .

ForexGen demo account advantages:

· Innovated trading with no request for a quote for up to 200 lots (20 million).

· The client is provided by a simple system with included options that are easily grasped and used.

· Real time prices are usually modified and provided.

· ForexGen provides Real time charts with the most famous indicators.

· Daily reports for the account status.

· Summarization of the current client’s orders, account equity, profit and loss ranging.

· Exclusive technical analysis provided daily to your mailbox in the Trading Platform.

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Pivot Calculator

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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Strategies Tester

Strategies Tester

Strategy tester will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.

Validator- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.

- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit .

Verifier- Scoring and ranking the time results from using the strategy.

- Providing the trader with feedbacks on different strategies performance .

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Trading Profit/Loss

Trading Profit/Loss

The differential indicator is an indicator used to identify the profit/loss that would have been realized if any trader submitted multiple positions at the same time.

The indicator shows the rise and fall of the profit of positions opened at the red vertical line through a red graph line in a certain interval of time starting from the time of opening the positions and reaching to the current time, where each point is the total profit of opened positions at this time.

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Multi Pair Chart Indicator

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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Trading Signals

Trading Signals

Dash Board indicator
Dash board is an assisting tool that makes strategies combinations where its calculations depend on volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame.

It shows the buy/sell signals by different strengths in the short, middle and long periods:Long strength expected results may take from 1 to 5 days to produce profit and the expected gain may reach average 60 to 30 pips.

Dash Board for all indicators

Dashboard for all is an assisting tool that includes 27 currency pairs, it allows traders to see the CIF values for the selected currencies on one chart.

It represents the buy/sell signal by a percentage of different strengths (short, long, and middle).

The dashboard for all calculations for each currency pair depends on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame.

Dash board for all indicators includes a history mode parameter which allows the trader to get the dash board indication for a historical point for many currencies at any time frame.

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Navigator

Navigator

The Navigator provides a quick and appropriate various program resources employing. The Navigator is accessed through the menu items View - Navigator or by Ctrl + N key combination.

In addition to the Navigator button on the toolbar.

These folders include: Accounts - lists all your accounts (both demo and live). By a right-click the folder and choose Open a New Account you can open a new account. The trader has to be attentive which account is currently being in trading.
• Indicators - lists the regular used indicators at ForexGen.

The trader can add an indicator just by double-click on it.

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Protect Your Self

Protect Your Self

Before we go any further we are going to be 100% honest with you and tell you the following before you consider trading currencies:

All forex traders, and we mean a traders LOSE money on trades.
Ninety percent of traders lose money, largely due to lack of planning and training and having poor money management rules.

Trading forex is not for the unemployed, those on low incomes, or who can’t afford to pay their electricity bill or afford to eat.
You should have at least $10,000 of trading capital (in a mini account) that you can afford to lose. Don’t expect to start an account with a few hundred dollars and expect to become a kazillionaire .

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Forex Lingo

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 .

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The Foreign Exchange Market (FOREX)

The Foreign Exchange Market (FOREX)

What is FOREX?

The Foreign Exchange Market, better Known as FOREX, was established in 1971 when fixed currency exchanges were abolished.

Currencies became valued at ‘floating’ rates determined by supply and demand. The FOREX grew steadily throughout the 1970’s, but with the technological advances of the 80’s FOREX expanded from trading levels of $70 billion a day to the current level of $2.6 trillion.

What Drives the forex market?

Different countries use different currencies, however cross-border has to take place. The FOREX is therefore a vehicle driven by the need to move monetary payments across border and transfer funds and value from one currency to another.

If the whole world used one currency there would be no need for the FOREX market .

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ForexGen Academy

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?

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Forexgen Promotions

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

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Fibonacci Summary

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 .

And the levels of Fibonacci retracement will be 0..236, 0.382, 0.500, 0.618, 0.764.a lot of traders use the Fibonacci retracement as support levels and when they watch the same levels,they can place buy and sell to enter the trade or cancel it so the support level becomes a self-fulfilling expectation .

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Simple Moving Average

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) = 12.5

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Exponential Moving Average

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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