A spread is the difference between the bid price and the offer price.

Most online forex brokers utilize spread-based trading platforms for individual traders. Look at the spread as the compensation the broker receives for being the market-maker and executing your trade. Spreads vary from broker to broker and by currency pairs at each broker as well.

Generally, the more liquid the currency pair, the narrower the spread; the less liquid the currency pair, the wider the spread. This is especially the case for some of the less-traded crosses.

[Why ForexGen]


1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

If you want to make big profits in forex trading
you need to decide the time frame you wish to tradhere we will compare forex day trader with forex trend following and the clear winner is...

Forex trend following.
It's really a no contest because forex day trader doesn't work. Before we compare the two lets get rid of the forex day traders make money. You have seen all those fantastic track records - but they all have a problem and it's this disclaimer:
Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Let's compare the two methods of trading:

Validity of Data
Of course if you want to trade you need data and this data needs to be reliable.
Forex day trader data simply is not. Why?
All volatility within a day or a few hours is random. You can't trade it no matter how good your system is. Support and resistance in short periods is not valid and daily price moves can go anywhere.
Once you move to trend following the data is over long enough periods to trade the odds and that's exactly what you need, to have a chance of currency trading success.

Cutting losses
You can cut losses in both but due to the nature of forex day traders your going to have a lot of them. There is no real difference between the two discipline here they can both keep losses small. Now we need to look at profits - you need these to cover your inevitable losses as the old saying goes so lets see which method is best.

Running Profits
forex day trader has huge amount of losing trades and will get lucky and win now and again however what forex day traders do? Cut them! So they have small losses (a ton of them) and an occasional profit which is small.

What does this mean?
An eventual wipeout of equity.
The trend follower has a distinct advantage he can keep his losses small and run his profits and they can be huge. The big forex trends can last for weeks or months and if these are held, profits can easily cover losses and make a big long term gain.
I know people who trend follow and lose 80% of the time - but they make triple digit annual gains because they run their profits.
Finally...

There is a huge industry in online trading that promotes day trading as an easy way to riches - just follow the simulated, back tested track record and win but no one does long term.
forex day trader is promoted as low risk but its actually high risk.
Forex trend following if done correctly, can help you achieve currency trading success and really there is no contest between the two - if you want to make money, try forex trend following and forget day trading.


[Why ForexGen?]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

Forex day traders are traders who close their open trade positions by the end of every day. They usually trade on the smaller market price fluctuations for small profits (or losses). Forex day traders include both institutional traders (like the big banks) and retail traders (like you and me).
In this article, I’ll assume that you’re interested in become a retail forex day trader (and not an institutional day trader).
Before you decide to become a retail forex day trader, you’ll first have to consider these questions:

1. Am I ready to commit to the time demands of forex day trader
forex day trader often requires you to sit in front of the computer for long hours in anticipation of good market entry setups. Because forex day traders open and close their trades in the short time span of a day, every opportunity for a good entry is precious. As a retail forex day trader, you really can’t afford to let good entry setups slip away. If you’ll need to be constantly away from your trading terminal (or computer), then forex day trader might not be for you.

2. Am I ready to commit to the physical strains of forex day trader
This is similar to the previous point. As I mentioned before, forex day trader requires you to sit in front of your trading terminal for long periods of time. Forex day traders make the mistake of thinking that Forex day trading only takes one or two hours a day – but in reality that’s very far from the truth. Forex day trader requires high levels of concentration for long periods of time, and unfortunately these demands of day trading are a little too harsh for a lot of people. Backaches, eye strains and headaches are common complaints among would-be forex day traders; and if you’re unable to handle these harsh physical demands, perhaps a better option would be to consider swing trading, or position trading instead.


[About 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.
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.

Thailand led a global charge to cut interest rates on Wednesday, with countries from Europe to New Zealand expected to follow in the next few days to fight an unrelenting financial crisis.
South Korea took steps to help local banks through a cash crunch and U.S. Treasury Secretary Hank Paulson was reportedly debating if he should ask lawmakers in Washington for the second half of a $700 billion bank rescue package.
Russian state bank VEB reportedly asked the Kremlin for a $34 billion cash injection in the latest sign that the major emerging market was also feeling the heat of a crisis that has forced the United States, Japan and Europe into recession.
Pressure for big rate cuts in Europe and Britain grew with a survey that showed the euro zone's services economy fell deeper into recession in November than first thought.

The Bank of Thailand slashed its main interest rate for the first time in 16 months to help an economy hit both by the global downturn and political unrest, cutting its main interest rate by a bigger-than-expected 100 basis points to 2.75 percent.
Australia slashed rates on Tuesday and the euro zone, UK, Sweden and New Zealand all make rate decisions on Thursday.
The Markit Eurozone Purchasing Managers Index for services companies, which covers banks to bars in the euro zone, plunged to 42.5 in November from October's 45.8 level, the lowest in the survey's 10-year history.
It also showed inflationary pressures eased, making it easier for the European Central Bank to cut rates sharply.

"There is ample room for the ECB to cut rates ... We think 75 basis points will be the compromise, but we would not rule out a cut by 100 basis points," said Juergen Michels at Citi.
The equivalent survey for Britain showed its dominant services sector shrank in November at its fastest pace since the series began in 1996, boosting expectations the Bank of England will slash interest rates by a full point on Thursday.
The Federal Reserve, which is also expected to cut U.S. rates again later this month, will release its closely-watched Beige Book of economic conditions later in the day.
In Seoul, the Bank of Korea discussed buying more bonds off banks and easing rules on how much cash they must keep in reserve.

South Korea's banks have been hard hit by the global crunch and concerns about the country's exposure to the crisis have forced the won down 35 percent against the dollar this year.

CHINA COOLS ON HELPING OUT

The Wall Street Journal reported U.S. Treasury Secretary Paulson might approach Congress next week to ask for the second half of a $700 billion bank rescue package.
Paulson was on his way to Beijing to talk to Chinese officials. But he may not receive big promises of further investment, especially from China's sovereign wealth fund, which expressed a lack of confidence in the U.S. regulatory situation.
Investors have looked to China for leadership because of its high growth rate and long-term economic potential but Beijing is focused on protecting its own rapidly-slowing economy.

The chairman of China Investment Corp. said the sovereign wealth fund was "not brave enough" to invest in foreign financial firms and lacked confidence in the shifting U.S. financial regulatory terrain.
"It's changing every week. How can I be confident?," CIC chairman Lou Jiwei said in Hong Kong.
In the United States, automakers prepared to plead the case to Congress that they had a viable future.
Ford Motor Co wants a $9 billion credit line. General Motors Corp asked the U.S. government to save it from failure by extending $12 billion in loans and another $6 billion in a credit line.
Politicians worry that without government aid, the companies could collapse and millions of jobs would be lost.
In Moscow, business daily Vedomosti said VEB bank, Moscow's agent in distributing some of its $200 billion crisis rescue package, has asked the government for an injection of 950 billion roubles ($34 billion).
Global stocks spluttered and euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts.

The FTSEurofirst 300 index of top European shares fell 1.5 percent in early trade with Britain's FTSE 100 index down 0.9 percent. Japan's Nikkei managed to eke out a 1.8 percent gain following a rebound on Wall Street on Tuesday.
"Markets are not focusing on any of the good news and the good news is rates are being cut, commodity prices are coming down, stimulus packages are being put together and banks are being supported. But the market's feeling very depressed," said Justin Urquhart Stewart, investment director at Seven Investment Management.
British merger partners Lloyds TSB and HBOS pledged to pass on interest rate cuts or increase lending to small businesses as pressure built on banks to boost lending.
British Prime Minister Gordon Brown will tell banks later on Wednesday to lend to credit-starved small firms and families to help them through a recession.

[ForexGen Scalping Enabled Account]

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen] offers traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

*Trade the news without intervention or restrictions
*Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.
*Place scalping orders without intervention or restrictions.
*A client-friendly trading environment, No re-quotes.
*Ability to place orders inside the spread
*Competing rates from multiple banks
*Spreads are variable and can move sharply
*Ideal for active or professional FX traders

For more information about our current and future [promotions], kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com, or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Euro and Pound Fall As Service Sectors Contract Further, Fueling Speculation Of Deeper Interest Rate Cuts


The Euro fell sharply to as low as 1.2610 before finding support as weak service sector and retail sales reports generated bearish sentiment. The Euro-Zone PMI measurement fell to 42.5 from the flash estimate of 43.3 and last months read of 45.8.

• Japanese Yen: Finding Support at 92.80
• Pound: Service Sector Falls To Record Low
• Euro: Service Sector and Retail Sales Slump
• US Dollar: ADP and ISM Non-manufacturing on Tap

Euro and Pound Fall As Service Sectors Contract Further, Fueling Speculation Of Deeper Interest Rate Cuts.

The Euro fell sharply to as low as 1.2610 before finding support as weak service sector and retail sales reports generated bearish sentiment. The Euro-Zone PMI measurement fell to 42.5 from the flash estimate of 43.3 and last months read of 45.8. The drop dragged the composite reading for the economy to 38.9 from its initial estimate of 39.7 signaling that a turnaround in growth may be in the distance. The prospect of a prolonged recession led to consumers tightening their wallet as Euro-Zone retail sales fell 0.8% in October, which was the first decline in four months.

When looking at the breakdown of the indicators the outlook for the regions economy becomes dimmer. Consumers have retrenched as they brace for recessionary times, evidenced by the 0.5% decline in food purchases. Additionally, the service sector saw new business sink to 37.9 from 40.1 and employment fall to 43.1 from 45.1, signaling that the labor market may weaken adding more pressure on consumers. The slew of dour fundamental data has raised expectations that the ECB will cut rates by more than the consensus forecast of 50 bps which could lead to the Euro breaking from its current range. The single currency has traded between 1.2400 and 1.300 since late October and it may take an aggressive move from the central bank to sink it below support. Tomorrow the MPC will announce its next rate decision which may limit the downside momentum today as traders wait and see if the central bank will continue their measured approach or follow other policy makers on a accelerated path of easing.

The Pound fell over 200 bps during the overnight session as the service PMI reading fell to its lowest level since records began in 1997. The reading fell to 40.1 from 42.4. A closer look at the breakdown revealed that employment, new orders, outstanding business and business expectations all hit new series lows, while prices charged was the lowest in 7 years. The dearth of new activity underlines the troubles that the British economy is facing and increases expectations that a deep recession is in store. The Pound will continue to trade heavy leading up to tomorrow’s central bank rate decision as expectations are that at least a 100 bps cut is forthcoming.

Global recession concerns are driving risk aversion flows, which has led to the dollar gaining against most currencies. Today’s economic calendar will only add to trader’s concerns as reports on private employment and the service sector are expected to report further weakness. Indeed, the ADP jobs report is expected to show that employers cut another 205,000 positions in November. Meanwhile, the service sector expected to have contracted further with economist expecting a reading of 42.0 from the November ISM report, which would supplant last month’s 44.4 as the lowest ever recorded. Further weakness in the sector which accounts for 90 percent of GDP signals that the economy may be headed for a prolonged recession which should drive more investors to seek the safe haven of U.S. Treasury’s and lead to Dollar strength.

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!


ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?

You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

Foreign exchange refers to exchanging of money in one currency for another which is traded on foreign exchange market or forex. Having an average daily trade of US$ 2 trillion and above, honest forex is the largest trading market in the world. Everyday new investors are jumping in forex to earning substantial profits. It’s good till they garner high return on investment but what if they tumbled down in the very first effort? Well, it may happen; especially when one is not at all exposed to the odds and calculated risks of foreign exchange. Therefore, it is suggested to move with honest broker of forex, who knows foreign exchange more than him. Now how to hire an honest broker of forex? You may get the answer below:

Before hiring a forex broker make sure you know his job well i.e., for what he is assigned and how much he can do for you. Your expectation should be in tune with the experience of your broker. You may find a broker of the forex market, who is chic and cool with a long list of satisfied customers. But it’s not what you want from him. Before hiring honest broker of forex, you should check out the spread of the honest forex broker. Go through his terms and agreements. Have an insight into the stipulations of service.

Embracing a broker who promises no risk may lead you to loss. You should not go after words of such brokers as forex involves certain amount of risks because of the nature of the market. Add to this, while selecting a broker of forex or foreign exchange market, see whether the broker has mini account or not. Mini account is designed for newcomers in the online currency trading
and those who have limited investment capital.

Before selecting a broker of forex market, check out the leverage option. Leverage can be expressed as a ratio that held between total capital which is available to be traded and your actual capital. Also try to find out a broker of forex market, who has expertise in offering best resources and information about foreign exchange. A good broker of foreign exchange should offer real time news, website support, meticulous data interpretation service, updated charts, technical analysis to name a few.

Forex is the largest market marked for its geographical dispersion and 24 hour activity. Your broker should also offer you 24 hour support. He should know the demand of foreign exchange and need of urgent trade agreements of forex. Check out all possible support systems offered by the broker of the forex market.

While finding out a broker of foreign exchange market, you should also ask around and read the forex forums to know more about a trusted broker of forex. Finding a good broker of forex is never a tedious task provided you are ready to search around with sound information about your target.

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. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.

are going to give you all types of information and advice about where you can invest and how you can invest with foreign companies. Forex systems are not available through all types of commercial investing companies but you can find a few forex brokers in most all areas of the world. The honest forex brokers are found in large commercial investing firms, in most larger banks, and now with the help of the internet you can find many The honest forex brokers online. Use a The honest forex broker if you want to learn more about how to invest, where to invest, and how much money you need to invest in a Forex system right now.

The honest forex brokers are going to tell you what the minimums are. In some cases, you can invest as little as five dollars to open a Forex trading account. In some areas, and for some investment companies you must invest a minimum of $200 or even $500. It is important to remember that every investment firm is different, and will have set minimums for their business to take place.

Fees through The honest forex broker will be based on the amount of the transaction and the type of transaction that you are completing. Moving from fund to fund or from Forex account to another Forex account you will incur the largest types of fees, but be sure to read the fine print on The honest forex broker site where you intend to do business to be sure. The honest forex brokers make their money on the fees they bill when helping clients move money, and put money into investments.

The honest forex broker should be a person you can trust, understand, and that you feel is honest with you. The honest forex broker is one that you should not receive phone calls from, urging you to put large amounts of money into an account, right now. The honest forex broker will present you with information about an investment, and then allow you time to make up your own mind if you are interested in the investment or not. A pushy broker is one that could be trying to earn a commission or could be trying to scam you. Again, your honest forex broker is a broker you should feel comfortable in dealing with on a daily or weekly basis, but for many people, you may only talk to your honest forex broker once a month or even less than that.

Investing money is a big decision. When deciding what broker Forex advice to take, or where to seek broker Forex advice you can use the links on these pages, or you can use your local yellow pages to find a possible The honest forex broker in your town or city. Not many honest forex brokers are located in small towns or cities but in larger areas where the population is larger and more people have a need for such Forex and investing information.

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.

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.

Incredible chance to earn money!
Imagine that if you refer your friend to just open a mini account and gain $10!

So, how much money are you going to make if you refer all your friends?

This is what ForexGen makes. And this is the time when friendship plays its role. ForexGen allows all its clients to refer their friends and earn bonus for that. So, if you refer a friend to open a Pro Account you are going to take $250! Amazing as it is. Trade and make profits from your trades and your friends too. Now you can make millions of friends and merge your wealth.

ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.
Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.

ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.

About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.

Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.

For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.

Along with this offer, premium account users will find their accounts ZERO spread! This offer is valid till 11-12-2008. Therefore, the chance to gather huge gains is prodigious.

Send your mind to posture and see how you can get money from your normal trading activity!

This is what ForexGen offers its clients, commissions on trading activities. And what is amazing here is that this offer is for both existing and new clients.

For all ForexGen traders, open live accounts and make your new deposits and earn in turn 10 cents on each mini lot you open on your live account, and $1 on each standard lot you open on your standard account. In making such, how much money do you think you can make? Definitely there is much to be counted.

Think practically, start quietly, trade professionally, and win ultimately.

It’s more important that I progress as a risk-aversed trader. For newer traders, it’s very important for you to understand that learning methods to control your risk should be a priority. Making gains monetarily is obviously important but making gains and strides elsewhere are more important.

When I first started trading mostly with demo accounts, I had some unbelievably profitable trades but my strategies were random and my risk and leverage too high. A lot of this is just pure luck and not going to take you to the next level. Your account balance shouldn’t be used as a guage for success. Some questions to ask yourself to guage your success may be:

Have you managed to minimize your risk and maximize your reward?
Have you maintained consistency?
Have you been able to control your emotions?
Have you developed a complete trading system that you’ve been able to follow without deviation?
If you haven’t been profitable, have you at least been able to turn those gushing drawdowns into slow bleeders?

There are a great number of people in America that are interested in investing in order to make a tidy profit. There are many ways to invest and many ways to make profits by investing. One method that has been gaining in popularity is that of the Forex Trading system . If you are unsure of what this is, let me explain. Forex stands for foreign exchange.