New to Forex Markets?

New to Forex Markets?

Forex is definitely one of the most exciting and profitable markets. If you want to join the elite and start investing you need to follow 5 very simple steps that will eventually lead yo to succes:

Self Study:
In order to start investing you need to study and observe the Forex market carefully so that you can make the right decisions when the time comes.
You can study the fundamental analysis to monitor the political and economic news’ effect on FX market.
Also the study of technical analysis is useful as it predicts the price movement based on past experience.
ForexGen offers a Training section developed specially for new traders .

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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 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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Custom indicators

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).

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Types of Trading Analysis

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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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 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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Forex Terminology

Forex Terminology

Every trader in the Foreign Exchange ‘FOREX’ hopes to make a profit from something called ‘PIP’.
It may sound silly, but gains in pips can potentially make you over wealthy . Take your time with this information, as it is required knowledge for all Forex traders.
Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.

What is a pip ?
Pips stands for ‘PERCENTAGE IN PIONTS’. In the Forex trading, a ‘PIP’ is a unit of measurement which represents the smallest change in the price of currency or a currency pair. In the stock markets this is a classified as a ‘POINT’.
As a result, some folks refer to pips as points.
Pips are the last decimal point in an exchange rate or currency pair.
For the majority of currencies a ‘PIP’ is equal to 0.0001.
This means that if you purchased USD/CHF at 1.2310 and sold at 1.2330, you made 20 pips

USD/JPY: 110.78 .01 divided by exchange rate = pip value
USD/CHF: 1.1227 .0001 divided by exchange rate = pip value
GBP/USD: 1.9799 .0001 divided by exchange rate = pip value

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Order Types

Order Types

The term “order” refers to how you will enter or exit a trade.

Here we discuss the different types of orders that can be placed into the foreign exchange market .

Basic Order Types :
Market order :

A market order is an order to buy or sell at the current market price.

For example, EUR/USD is currently trading at 1.2140. If you wanted to buy at this exact price, you would click buy and your trading platform would instantly execute a buy order at that exact price. If you ever shop on Amazon.com, it’s (kinda) like using their

1-Click ordering .
Limit order :A limit order is an order placed to buy or sell at a certain price.

The order essentially contains two variables, price and duration.

For example, EUR/USD is currently trading at 1.2050.

You want to go long if the price reaches 1.2070.

You can either sit in front of your monitor and wait for it to hit 1.2070 (at which point you would click a buy market order), or you can set a buy limit order at 1.2070 (then you could walk away from your computer to attend your ballroom dancing class).

Stop-loss order :A stop-loss order is a limit order linked to an open trade for the purpose of preventing additional losses if price goes against you.

A stop-loss order remains in effect until the position is liquidated or you cancel the stop-loss order.

For example, you went long (buy) EUR/USD at 1.2230. To limit your maximum loss, you set a stop-loss order at 1.2200 .

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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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Patterns Recognizer

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 .
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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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MA Summary

MA Summary

Ma summary Moving averages are one of the most famous tools and also the easisest tool used by many traders We can find many types of moving averages .

the 2 most popular types are: Simple Moving Average and Exponential Moving Average.

• The simple form of moving average (SMA) will be the simple moving average, is formed by computing the average = price of a security over a number of periods

• Exponential moving averages: EMA’s reduce the lag by applying more weight to recent prices relative to older prices.

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Bollinger Bands

Bollinger Bands

BOLLINGER BANDS The Bollinger bands are used to measure the market’s volatility. When the market is quiet, the bands contract; but when the market is LOUD, the bands expand. when the price was quiet, the bands were close together, but when the price moved up, the bands spread apart. If you want to learn more about the calculations of a Bollinger band, you can find all the informations that you need through this site www.bollingerbands.com '

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MACD

MACD

Moving Average Convergence Divergence (MACD)A trend indicator used to show the relation between two moving averages of prices .

with the MACD chart ,You will see three numbers .

1- the number of periods used to calculate the faster moving average.
2-the number of periods used to calculate the slower moving average .
3- the number of bars used to differentiate between the fast and slow moving averages .

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Relative Strength Index

Relative Strength Index


Relative Strength Index (RSI)
Relative Strength Index, or RSI mean A technical indicator used to compare the magnitude of recent gains to recent losses to determine overbought and oversold conditions in the market. . It can be calculated using the this formula:
Rsi=100 100- 1+rs
readings below 20 refer to oversold, while readings over 80 indicate overbought. the RSI ranges from 0 to 100 .

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