Be A Partner With Forexgen

Sep 4, 2008 at 19:30 o\clock

ForexGen | You have to Embrace Your Flaws

You have to recognize there is a flaws serve you well in life and in trading you simply need to understand that they are present and devise methods for incorporating them into your trading plan so they have a positive effect.

Here they are!!

1. Afraid of Failure

This is presetn in almost every traders life.Counter - read trading plan and mission statement before every trading session.

2. Lack of Discipline

I still find myself occasionally chasing trades.Counter - I maintain a detailed trading journal that reminds me of how effective I am when deciplined.
3. ImpulsiveMy arch enemy!

Counter - I find I am more impulsive when tired. If I do not have enough rest I do not trade.

4. CompetetiveThe old athlete in me.

In the past I have joined the herd.Counter - I trade live in a focus environment with CNBC off and ensure that I make all decisions based on my trading plan and what the market is willing to allow me to take.
5. GreedIt cannot be a true list without fear AND greed.

Counter - Ironically, I employ discipline to maintain a rigid pip goal in my compounding account. Another trait that usually raises it's ugly head when I did not get enough rest.Kowing what these negative trading traits are and when they are triggered will allow you too to manage your mind-set and turn these into positive currency trades!

Sep 3, 2008 at 20:07 o\clock

ForexGen Regulation

Preferably you want a company that is regulated in the country that it operates, insured or bonded and has some kind of track record.
I cannot advise you on which
broker you should use as there are just too many variables.
But as a rule of thumb, nearly all countries have some kind of regulatory authority who will be able to advise you.

Most of the regulatory authorities will give you a list of
brokers that fall within their jurisdiction.
Although they won’t advise you who to use, you will be able to use the recommended
broker with some confidence.

Sep 3, 2008 at 14:58 o\clock

Characteristics of ForexGen Introducing Brokers

 Introducing brokers were traditionally money managers, or otherwise involved in a business whereby they had a bank of clients (more often than not an offline, bricks and mortar business), and worked with a particular broker to introduce their clients to enable them to trade forex. For that introduction, the forex broker paid the IB a percentage of the commissions attributable to that client. The commissions would depend on the volume traded by the client.Many forex brokers still operate on the traditional basis, and offer separate forms of business partnership for their affiliates, distinct from their introducing brokers. However an increasing number are offering ‘Introducing Broker’ terms of business (i.e a split of the commission) to those ‘partners’ who are simply ‘, in the sense that the average online affiliate marketer would understand – i.e they place a banner on their website, or otherwise promote the forex broker, and in return receive a proportion of the commissions derived from the trading activities of any client who opens a trading account after having clicked through to the broker from the affiliate’s site.

Sep 3, 2008 at 08:18 o\clock

Understanding Spreads | ForexGen

 What Is A Spread? FIRST, spread is the difference between the ask price (the price you buy at) and the bid price (the price you sell at) quoted in pips. If the quote between EUR/USD at a given moment is 1.2222/4, then the spread is 2 pips. If the quote is 1.22225/40, then the spread is 1.5 pips.SECOND, it is how brokers make money. Wider spreads result in a higher ask price and a lower bid price. As a consequence, you pay more when you buy and get less when you sell, making it more difficult to realize a profitBrokers don't typically earn the full spread, especially when they hedge client positions. The spread compensates the market maker for taking on risk from the time it executes a client trade to when the broker's net exposure is hedged (possibly at a different price). Why Are Spreads So Important? Spreads affect the return on your trading strategy in a big way. Probably more than you think. As a trader, your sole interest is buying low and selling high. Wider spreads means buying higher and having to sell lower. A half-pip lower spread doesn't sound like much, but it can easily make the difference between a profitable trading strategy and an unprofitable one.

Sep 3, 2008 at 08:04 o\clock

Using Moving Averages | ForexGen

 You can make money with individual stocks no matter what the market is doing.
But it is important to look at some key measurements. One of these measures is the moving average. Short-term moving averages help gauge the short-term direction of the market, while longer moving averages take a big picture view.
For example: if a stock breaks the 200-day moving average on its way down, that's generally thought to be bearish, and the longer-term trend could be reversing. The 200-day moving average can also act as support. If a stock comes down, but stops at the major moving average and then starts moving higher from there, it can act as a firm underpinning of support for the stock.
Looking at the 50-day moving average can be quite useful as well. It's more of an intermediate snapshot of the price trend and is more sensitive than the longer-term 200 day. A rising moving average with the price trading above it is bullish, while a descending moving average with the price trading below it is bearish. More short-term signals can be seen with the 10- and 20-day moving averages. Moving average crossovers can also be valuable. When the quicker moving average (50 day for example) is above the slower moving average (200 day), this is thought to be bullish. Likewise, when the shorter term is trading below the longer-term moving average, this is thought to be bearish.
Using a screener can be helpful in finding stocks that meet this criteria. Of course, moving averages alone don't tell the whole story. But a company with solid fundamentals while also trading above these momentum indicators can help you find stocks bucking a downtrend or confirming an uptrend.
The screen that I'm running today looks for stocks trading above their short term (10 and 20 day), intermediate term (50 day) and long-term (200 day) moving averages. I'm also demanding that their current quarter earnings estimates have been raised within the last 4 weeks (or at the very least, not lowered); their average broker rating has been upgraded (or at the very least, not downgraded): and they have a Zacks #2 Rank or Zacks #1 Rank (Buy or Strong Buy).