Trading Forex Without any Indicators | ForexGen

ForexGen Trading Station is the client's part of the 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 easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing 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.

Maybe you doubt it, but since 2006 I do my forex trading without any Indicators using Daily20pip system, just playing around with OHLC (Open High Low Close) data and I still in this game today. Don’t you realize the present of lagging indicator out there?

You already know that 95% of the forex trading public failing to make any money, a lagging Indicator is like a death trap, like a path that guide you to the wrong line! That’s why you should be carefull in choosing Indicators inside your trading tool box.

Anybody can understand price action and this not really difficult. Most people just don’t want to take the time to really understand how to read the movement of the market. Everybody always wants the holy grail magical indicator that people can just plug into their trading platform and it’ll do all the work for you, but sorry it doesn’t exist out there!

Forex trading is about a proccess, no overnight instant rich scheme there, it need learning by doing, patience and dicipline. I do agree with some Indicator that help you manage your trade, but again be carefull with the lagging Indicator and just don’t depend on it. You need to have a chart movement reading skill, by understanding the OHLC data it will help you to know where the market direction and how much trading range might happen.

Predict the Market and You’ll be Lose | ForexGen

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

Many traders think they need to predict what will happen to win but all this does is ensure they lose. 95% of forex traders lose and most because try to predict forex prices, just don’t join them. If you predict you are hoping levels of support or resistance hold and if you hope in any form of trading, say goodbye to your cash.

You will see a lot of people saying their systems predict the future but this is marketing hype nothing more and never comes with any real track record to back up the claims. Those people will tell you markets move to a scientific formula, this is not true, if it were we would all know where the price in advance and there would be no market!

The fact is markets always unpredictable and based upon opinions makes a market move, no one can predict it. The successful player knows that if he plays when the odds are in his favour and increases his size accordingly when the right conditions present themselves he will lose some hands but over time he will win.

So how do you get the odds in your favour? simple just don’t predict or hope. The key to market success is to see trading as an odds game and don’t let anyone tell you otherwise.

How to Secure your Online Forex Transaction | ForexGen

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

Today it’s common to trade Forex in virtual electronic world with no face to face connection (literaly), thanks to the miracle of 21st century internet connection that widely used for everyday job. So how to made sure everything was secure, both on yourself data and your own account? Here some tips and tricks to do safe online forex trading transaction.

• When using the internet make sure you have an antivirus program installed in order to avoid intrusions in your computer

• If you are using wireless internet connection make sure you have your connection locked,

• Do not save any official documents on your Computer, such as Copy of Passport, ID, Bank account numbers, copy of cards in case your Computer is hacked or even stolen,

• Keep all access codes/passwords in a safe place,

• Do not share an e-mail address with any person,

• Do not reveal any access codes, passwords to any person,

• If you are using a public Computer, ie in an internet cafe, make sure you log out any internet sites you have visited before leaving and deleting the cookies in order to minimize the risk of someone following your tracks,

• Regularly change your passwords on your e-mail accounts, or any other account that requires passwords,

• Be careful of e-mails received. Always check the e-mail address and in case you believe that this does not come from a person, Company, Organization you might be dealing with always send an e-mail to an e-mail address stated on the person’s business card, Company’s, Organization website requesting them to confirm that the e-mail address on the e-mail received belongs to them, before you reveal any information,

• Always have in mind that an established Company/Organization never uses an e-mail address such as g-mail, yahoo, hotmail etc thus always be careful when you are receiving such e-mails, even if it appears to be from a Company/Organization you are dealing with,

• Always remember that a Company or Organization will never require you to send them your login/password/access codes,

• When using a website that requires an access code, do not allow the browser to remember your passwords

Money Can’t Buy Success | ForexGen

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

By now maybe you already spend few hundred or even thousand of dollars trying to hunt some holy grail of Trading, a perfect system that always win never loss through some secret e-Book, ultimate system or whatever that guys trying to sell you methods that will make rich. Most of these guys have never traded in their lives and rely on hyped exaggerated copy to sell their systems !

In fact you can’t buy success, success come from experience, blood, tears and pain. You know that old volks say about 95% of traders who lose are true because they believe that they can can predict the market and they wrong! This is a common myth and the bulk of novice traders think they have to predict where prices are going to succeed. In forex trading if you predict you are relying on hope or making a gambling decission, guess and the market will kill you. Never predict!

Don’t believe the scientific methods sold on the net because they simply don’t work, why they sell it if that a working system instead of using themself? If markets were mathematical scientific, we would all know the answer in advance and there would be no market. Trading to much also an element of fail, many traders simply think if their not trading their missing something but is not true. If you spend 10 hours a day or ten minutes, it doesn’t matter so long as your trading system are accurate.

The other common mistake of newbie trader was they believe that More Indicators equal with More Profits. The best forex trading systems are simple and robust, where a complicated trading system has more elements to break and it will fail. Keep in mind all the best forex trading system are simple, NOT Complicated.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.

about Forex and Forex Trading | ForexGen

ForexGen customer satisfaction is our major objective. To reach our business goals, we strive to put our client's goals in focus. We highly value our clients and always aim to exceed their expectations and cross the limitations encountered by the sophistication of the Forex trading industry.

Starting from this welcome post we begin publishing free informational materials about:

• Forex Market
• Forex Trading
• Forex Brokers and Service Providers
• Forex Trading Education (about trading, charts, candles, strategies and tactics used on the market)
• more useful info about Forex

The fresh information will be updated on a regular basis, we would do the best to update this blog with fresh info at least every two days.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

Forming an Opinion Which Way Your Chosen Currency Might Go| ForexGen Tips

It is known that currencies react to a series of events such as inflation, interest rates, the state of the economy, and so forth. Because of this, it is vital to keep evaluating the various data, in order to form an opinion of the direction the currency of your choice might be heading.

Let us look at inflation and what it actually means. It is not about a particular model of a boat or a motorcycle, or certain services costing more money, which could be due to business enterprise success or failure, but about a widespread increase in prices throughout the country.

The rate of the inflation is based on a calculation of the average price change right across the economy. This is usually taken over a period of a year, hence the term annual inflation.

If there is an annual inflation rate for a particular month, say March this year of two per cent, it would mean that the prices in general were 2 per cent higher this March, than in the same month last year. Therefore, a blend of usually purchased items costing GBP100 last March, would be costing GBP102 this March.

To get the right reading, prices are taken all over the country in many sectors like the supermarkets, big stores, travel and insurance firms, etc.

There are other issues which set the level of inflation in the economy, but the fundamental causes of inflation have to do with the extent of demand in the economy, and can be narrowed down to how much cash can be spent in relation to what can be produced.

When demand shoots up above what can normally be produced in normal circumstances, this upward pressure creates a rise in costs and prices. When the demand is down, this creates a downward pressure in costs and prices. To keep inflation controlled, it is required to keep a balance between the demand and output situation. When you have an excessive demand to the supply position, you have a formula to generate an inflation climate. This is the reason for stability as a goal.

Lowering interest rates may well see a rise in output, but only for a limited period. If both demand and output have been strongly increased and then suddenly fall, it is called boom and bust.

It is also useful to keep an eye on the extent of the employment and unemployment figures. These can indicate the size of the economic movement as well as the weight of labour demand, increases of wages, and of prices.

Do not forget to take notice of the (CPI) Consumer Price Index which is an important measure of inflation.

Watch also the balance of trade situation. A trade surplus is a positive balance of trade, namely the exports are bigger than the imports, whereas a trade deficit is a negative balance of trade with imports being larger than exports.

There are a number of other points that can be looked into of course, but the main ones are important to keep in mind at all times.

A number of people follow the charts, and keep an eye on what the position was year after year.

There is no known magic formula as such, to positively determine the direction of any currency pair, but being informed as much as possible, goes a long way to narrow the odds against you.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen is continuously providing the Forex market's safest trading terms & conditions. Providing professional currency trading services that meet our client's expectations is our first priority.

More Words and their Meaning Relevant to the Foreign Exchange Scene| ForexGen Tips

There are many instances when we hear or read numerous words and phrases, but are rather uncertain of their exact meaning. The foreign exchange is only one part of the financial world of many sections, each of which seems to have its own expressions and jargon, as if it was all designed only for those with professional or specialised knowledge of the subject.

Of course, other trades have their own language, like the legal boys for instance.
It is not too difficult to get to know what it all means, and if one can learn some of the important words and expressions, it makes life that much easier.

Here are a few expressions you will run into, the answers to which you may find useful:

1. World Bank: The bank consists of IMF members, and helps by making loans to member countries, particularly when money from the private sector is not offered.

2. Bank Rate: This refers to the rate at which a central bank will lend to its domestic banks.

3. Basis Point: One per cent of one per cent

4. Cable: The foreign exchange market reference for the USD/ GBP

5. Consumer Confidence: This is an indicator of economic conditions run by the Conference Board. All over the country, some 5000 consumers are surveyed monthly, the degree of confidence being associated with the volume of consumer spending.

6. Covered Call: The Foreign Exchange Market uses this name for the rate USD/GBP

7. Cross Rate: This is a rate between two currencies of which neither is the USD

8. CHIPS: Clearing House Interbank Payments System.

9. Disposable Income: Money earned after tax.

10. Eurodollars: USD on deposit in a bank outside of USA.

11. LIBOR: London Interbank Offered Rate.

12. Liquid Assets: These are various assets which can be quickly converted into cash.

13. Easing: A price decline.

14. Economic Indicator: Data indicating economic growth, taking into account for example, retail sales, employment, rates, etc.

15. Liquidity: The competence of a market to undertake sizable transactions.

16. Resistance Level: A summit of a price level at which point the supply is greater than the demand.

17. Bull Market: A period of time when prices are seen to be rising.

18. Bear Market: A period of time when prices are seen to be falling.

19.Market Rate: Is the up- to- date quote of a currency pair.

20. Pip: refers to the 4th decimal point i.e.0.0001 of any foreign currency.

21. Fill Price: This is the price at which the order for buy or sell was executed.

22. Households Survey: The number of people that are employed, the labour force in general, and the rate of unemployment.

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