Forex news strategy | ForexGen

There are many news trading systems out there. Many people attempt to trade the initial news spike after a data release. Price can move one direction very quickly seconds after a new release, leaving a good opportunity to trade. The move is often bigger if there is a surprise in the numbers. I remember a shock interest rate hike by the bank of england in January 2007. The pair GBP/USD rose around 150 in less than a minute!

If you want to trade news spikes it is important to have a very fast news feed that can get the numbers to you as quickly as possible, before the market moves. An example of a budget news feed is Tradethenews. Bloomberg and Reuters both offer professional news feed, they are not cheap though.

It also important to have a broker that has very fast execution around the news releases. Many retail forex brokers do not like news traders, so it is important to find a broker that best suits your needs. Due to the high volatility around the news releases execution on a live account is often very different to that of a demo account.

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.

Forex scalping strategy | 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.

A Forex scalping strategy aims to profit from very small price movements. Scalping positions are usually opened and closed within a short time frame. It’s important to choose a broker with as low a spread as possible for when scalping to minimize the number of spreads the trader has to pay.

Trend trading system | ForexGen

As the name suggests, trend trading systems attempt to capture trends. Some forex pairs trend very well indeed in the long term. On that really springs to mind is EUR/USD. It has been in a long upward trend for many years, with few significant retracement, making many record highs along the way. In the forex market the trend really is your friend. Never open a long term position against the long term trend.

ForexGen now has a trading new client called MultiTerminal. The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously.

Carry trade strategy | ForexGen

The carry trade is an extremely popular trade in the FX Market. It is made possible by the fact that different countries have a different benchmark interest rate. At the time of writing this article, Japan’s benchmark interest rate was just 0.5%, whilst the benchmark rate for New Zealand was 8.25%. Interest rates fluctuate based on economic conditions. It is USUALLY the case when one benchmark rate is on an upward trend and another country’s benchmark rate is on a downward trend, the currency on the upward trend will appreciate against the currency that is on the downward trend. This is not a guarantee, but it is a common occurrence. Each time you buy a currency pair that has a positive interest rate differential, you will receive a credit each day for the interest rate differential. However, the reverse is true if the pair you are trading has a negative interest rate differential. For example, a long NZD/JPY position would receive a credit each day (also known as the swap) whilst a short NZD/JPY position would have to pay the negative interest daily.

ForexGen 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. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.

ForexGen Shows The Launching Of FOREX

ForexGen introduces to all its users a free online academy that would aid them in either learning more about Forex market or in developing their strategies. It is a free academy available online; you can register and enjoy ForexGen services.

Online Forex trading is really the only way to go when trading in Forex and is, in fact, the only way to get into currency trading in the Forex market. Unlike the stock market and local commodity markets, the world wide Forex market doesn’t have a market floor where you can go and put in an order. There is no opening and closing time because each nation doesn’t have their own market. The Forex is truly a global market, and can be traded from any time zone at any time, making the Internet the only way to trade the Forex.

The changing of technology over the last twenty years, especially with the Internet advancing enough to allow online trading, has really opened the Forex market for any trader anywhere to be able to trade the Forex.

ForexGen Analysis Of Foreign Exchange Market

ForexGen provides its users with a full explained market analysis, fundamental or technical. ForexGen news centre could be your guide in making your calculations and forecasts for the coming period, and helps in analyzing fundamentals.

The foreign exchange market is a place where everyone can trade almost all currencies from all over the globe. The vast majority of daily transactions are completed on bigger scale between the banks around the world. Only a quarter of all trades are done by individual retail traders.

Individual Forex trading including futures and options are traded on a few foreign exchange centers in New York, London and Tokyo. The Forex market is the largest financial market in the world and has daily transaction turnover of USD 1.5 billion. That would equal around twenty days worth of trading on New York stock exchange market.

Forex has no specific location. Thanks to modern technology, traders are able to complete transactions over the phone or internet or other electronic ways. This is why trading got a name OTC (over the counter).

Forex exchange market stays opened 24 hours a day from Monday to Friday and trades continuously between Europe, America and Asia. While one market closes another opens keeping the money floating with no problem or hold up.

You can register in order to gain daily news and market analysis and conditions. Get benefit of ForexGen advantages and subscribe for the latest news.

How do I calculate profits and losses? | Forexgen

When you close out a trade, you can calculate your profits and losses using the following formula:

Price (exchange rate) when selling the base currency - price when buying the base currency X transaction size = profit or loss Assume you buy Euros (EUR/USD) at 1.2178 and sell Euros at 1.2188.

If the transaction size is 100,000 Euros, you will have a $100 profit.

($1.2188 - $1.2178) X 100,000 = $.001 X 100,000 = $100

Similarly, if you sell Euros (EUR/USD) at 1.2170 and buy Euros at 1.2180, you will have a $100 loss.

($1.2170 - $1.2180) X 100,000 = - $.001 X 100,000 = - $100

If the quote currency is not in US dollars, you will have to con- vert the profit or loss to US dollars at the dealer's rate.

Further, if the dealer charges commissions or other fees.

ForexGen Broker | Forex Market

With Forex Gen Broker you will constantly see the term "Bears" and "Bulls" in forex books and chat rooms. So why are we talking about animals when we are supposed to be trading? These are terms that describe the general mood of the market.

ForexGen News Center A "bear" market, is when the general mood of the market is down, i.e. Forex Gen Academy , when there are more sellers than buyers in the marketplace. A "bull market" is the opposite, when there are more buyers than sellers and the general mood of the market is up.

With ForexGen Services Forex and any other marketplace, is just a struggle between the bulls and the bears, it if you can identify who is gaining the upper hand, then you can identify the direction of the price. Easier said than done of course.

ForexGen platform features well that about covers the basics, there are so many more areas to cover of course but I hope it helps those starting out in this exciting marketplace. If I have missed something you wanted to read about please leave a comment below and I will be sure to add it to the article if I can.