Ways to Trade in the Forex Market

Overall, trading in the Forex market is pretty straightforward. Whether an investor trades directly, uses a broker, or an automated Forex trading system, he should familiarize himself with some of the basic ways to trade in the Forex market. The different types of transactions available in the Forex market are shown below.

Spot Transaction
A spot transaction refers to the current market rate of a currency. When the transaction is finalized between the two parties, the actual payment date, or settlement is two business days later. This waiting period allows the parties to confirm the agreement and co-ordinate any needed banking requirements.

Forwards
A forward transaction occurs in the future, at least two days from the agreed upon date. Most forward transactions occur about three months after the initial agreement. Here’s how it works. An investor agrees to buy or sell a currency at a particular rate by a certain date, regardless of any market rate changes. Suppose an investor agrees to sell 50,000 euros to a buyer on August 15 (three months down the line). Neither party knows the future exchange rate, but the seller is hoping that the euro will rise in value against the dollar, while the buyer is hoping for the opposite to occur.

Futures
A future transaction is a type of forward transaction – the only difference is the seller and buyer agree to a set exchange rate in the future, regardless of the rate. Similar to a forward transaction, both parties are counting on economic changes in their favor. Let’s say today’s exchange rate is 1.58788 euros to the dollar. The buyer and seller agree to a future transaction three months down the line at the exchange rate of 1.58976. The seller hopes that the actual exchange rate will be less (so he’ll be making a profit), while the buyer hopes that the exchange rate will be higher (so that he’ll be making a profit). On the given transaction date, the actual exchange rate is 1.5882. The seller ends up making a profit, while the buyer loses money. He has to buy euros at a higher rate than the actual rate.

Options
Similar to a futures transaction, the buyer of an option only has the right, but not the obligation to actually purchase the set amount of currency at a specific date and set rate.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Foreign Exchange: Behind the Scenes

Foreign exchange (forex) trading is definitely the most exciting new opportunity in the investment world today. Active traders worldwide have discovered this form of speculation over the past few years. Once the domain of only international banks, new rules allow skilled speculators the opportunity to participate. Numbers vary, but the forex market's notional value reaches in the trillions daily. Far more than the stock market and bond market combined. In this brief article I will cover a simple way to determine what currencies are on the move and in which direction they may be headed. The forex market is divided into two separate arenas.

There is the over-the-counter (OTC) forex market and the futures forex market. Since the OTC market is not centralized it is impossible to obtain information on volume, open interest, and the positions (long or short) that the major players i.e. banks, financial institutions, and international conglomerates hold. This inability to have a full picture of the OTC market makes it exceptionally difficult for speculators to properly analyze the speed and force that may drive a particular currency. In order to resolve the lack of information provided in the OTC market the speculator needs to turn only to their futures forex exchange traded counterparts for guidance. In the futures forex market there are multiple contracts that expire in various months. The month closest to the OTC market moves in tight relationship to it. While the OTC market has little to no information about their participants, the government keeps highly detailed records on the futures forex market. What makes their constant fact gathering even more impressive is their legal requirement to make this same information available free to the public. Once a week the Commodities Futures Trading Commission (CFTC) issues what is known as the Commitment of Traders report. This insiders report details the exact positions (long and short) of the major players, as well as the total amount that their positions increase or decrease from week to week.

Why this information is valuable is two fold. First, it gives the OTC forex trader an idea as to the general sentiment of the major players. Second, over time it shows the gradual shift in momentum from weak to strong or strong to weak.

With these two helpful pieces of information an OTC forex trader can determine what position he wants to take, based on the major players, as well as when the ride may be coming to an end, so he won't be left holding his position at the top, or bottom, of the market. There are a myriad of other ways to trade the Commitment of Traders report, in both the OTC forex market as well as the futures forex market. With diligence and the willingness to trade both forex arenas, with and against each other, every speculator should have a fulfilling trading experience.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Nothing Seams to Be Slowing Traders From Buying Euros

We are always skeptical of the ability of the market to sustain a big move like this—of course we will see a correction on profit-taking and second thoughts.

But breakouts are important and must be respected, especially when they are in the same direction as the primary trend and in the absence of any convincing counter-trend Events. There is literally nothing Bernanke can say today to reverse this move.

Euro Pound was trading 0.7600 and against the US Dollar 1.5140 .

[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Dollar Continues to Fall Due to Sagging Economy

The dollar continued it’s one way path yesterday as the greenback broke through record lows against the euro.

The Fed’s Chairman ‘Ben Bernanke’ reported on Monterey Policy yesterday and indicated the Fed is more concerned about the sagging economy than the immediate risk of inflation. He named housing, labor and credit markets as risks to economic growth, outstripping inflation concerns. That suggests policy makers remain on track to ease interest rates again next month. The dollar dropped to as low as $1.5143 before falling back to the $1.51 level.

The dollar was also within touching distance of the $2 mark against sterling. Durable goods also fell last month confounding the dollars woes.

[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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

UK Economy is in The Grip of a Sharp Downturn

Data released yesterday has compounded the view that the UK is already in the grip of a sharp downturn as figures show consumer spending has dropped to a two-year low. The UK’s exports also fell by 0.5% in Q4, although the GDP figures confirmed that overall growth in Q4 was a robust 0.6%, inline with initial estimates.

The pound had a poor day yesterday as it slipped of slightly against the dollar, after taking almost 2 cents of the greenback on previous days trading, dropping over 1 cent to be trading at $1.9801. Against the euro the pound also lost ground and lost one and a half cents, from 1.3262 to 1.31 the figure.

[ForexGen Services]


Client Services

• Customer Support
• Trading Support

ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]
* [Money Manager]

ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Profitable Forex Trading System Revealed

The technique I will describe below is a great opportunity to jump in a trade. The set of rules that I describe can be used as a Forex system. I have heard many names for this technique with the most successful one called the "Pinball Trade".
It is the first system I learned and applied successfully during my long trip in Forex research. Experiment with it and see the results on your own. For now let's see how this system is applied.

When you recognize an uptrend or a downtrend in Forex charts try to create the channel that includes this trend. When the price hits the one channel line and returns to the other channel line try to see if this line coincides with a Fibonacci retracement level.
The price does not necessarily have to hit both the channel lines but the price swing has to be restricted from the channel lines.

This trade setup will give you a high opportunity that the price will reverse (76% of the time according to long term research). Take a good care to design correctly the channel lines and the Fibonacci retracement levels.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

How Not To Exit A Forex Trade

Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around.

Then if the market continues to move against them, they move out to the hourly chart to look for a reason to stay in the trade. As the market continues to move against them, they shift to the daily chart to hope to find a reason to stay in the trade. The next step is to get a margin call because they have no funds left to maintain their position.

Of course, the main issue here is that they were looking for a way to stay in a losing trade rather than closing it out at a small loss. Taking a loss does not mean that you do not know what you are doing. Too many new traders think that losing a trade means that they are losers or that they aren't smart enough to trade. Nothing could be further from the truth though.

Professional traders understand that if they trade, they will have losing trades. That is really the only guarantee in the field of speculation. How you handle those losing trades has as much to do with your success as a trader as any other factor. You don't have to like losing, but you must accept the fact that all trades cannot be winning trades. You have to keep those losing trades small enough to be able to make up for them with your winning trades.

Switching time frames to justify staying in a trade is not how you keep your losses small. Identify your exit point before you get into the trade and stick to it. Judge yourself from month to month rather than on every pip move in the market. Be consistent in your approach and stay in one time frame from the beginning of the trade to the end of the trade.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

What exactly is the Employment Situation Report?

The Employment Situation Report, also commonly called the Labor Report, is an economic indicator that basically reports on the number of people out of work in the country, as well as on general wage rates, etc. The first part of the Employment Situation Report is called the household survey, which surveys approximately 60,000 households throughout the country about those out of work. From that number, the general unemployment rate is calculated. In other words, the household survey is a very powerful survey that helps determine the country’s overall unemployment rate.

The household survey is basically a lagging indicator, which means that any changes that occur in the number of people out of work usually happen after changes in an economy. If the economy is strong, the number of people out of work will generally soon decrease (positive effect on the currency rate), while if the economy slows down, the effect on the number of unemployed people might not be felt until a few months later (negative effect on currency rate).
The household survey is also countercyclic in nature, which means that the overall unemployment rate moves in the opposite direction of the overall economic trends. If the economy is in a growth mode, that means that the unemployment rate will decrease, while if the economy is weakening, then the unemployment figure will increase.

The establishment survey, which is the second part of the Economic Situation Report, measures hours worked and overall hourly earnings throughout the country. It does this by surveying about 400,000 businesses nationwide. It is considered a coincident economic indicator, as it changes when the economy changes. If the number of hours worked and the overall wage increases, then the economy is moving in the same direction at the same time.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

The Economic Situation Report and the Forex Market

The Forex market, like most investment markets, is often glued to economic reports that are published on a monthly or even quarterly basis.

Some of the more common economic reports or indicators that can influence and shape trade decisions in an investment market are the Consumer Price Index (CPI), the Gross Domestic Product (GDP), the Housing Price Index (HPI), and the Employment Situation Report.

The Employment Situation Report is one of the most popular indicators around, where changes in the employment rate and hourly wage rates can influence overall currency rates.


[ForexGen Demo Accounts Contest]

Win Cash Prizes

[ForexGen] has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information:
- Full name: - Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your [demo account] login information which will be used in the trading contest.

By the end of each contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Forex Trading is Booming!

Currency Trading has experienced phenomenal growth in recent years as many investors are looking for ways to profit from the lucrative 1.5 trillion currency trading marketplace. And author/professional trader Peter Bain is the ideal authority to help you understand and profit from this complex marketplace. His Forex Course teaches the same system used by banks, financial institutions and professional Forex traders alike to trade currencies on the foreign exchange. For the first time, Peter's making his "Commercial Forex Trading" system available to the public in the form of a video currency trading course. Peter Bain’s video course is a complete trading solution. Let Peter will show you the trading techniques used by the commercial institutions and banks.

To involve in FOREX trading, you must similarly prime your mind to get ideas flowing. The various ideas in your mind are stored in a hierarchical structure. Information is stored together in a group, depending on its meaning. It's hard to bring information about that topic into consciousness when you aren't thinking of a particular topic; it depends on their stagnant and hidden. When you put effort to think carefully about a specific topic, or a closely related topic, and start running througha bunch of possibilities, all kinds of new possibilities become transparent. Various concepts andideas, almost unconsciously are scan through your mind.

This wealth of information combines will create a new. For example, suppose you get an indefinite trading idea about how a set of indicatorsmay forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing.For instant, scan a set of charts to back test and find support for your hypothesis.
Once you look through the charts, you will prompt to other related information after seeing at the information. Yet the idea soon will leak out, and you'll make a new discovery as this is a basis for a new trading strategy.

[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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.

US Dollar Dips Against Euro, British Pound

Euro heads higher against dollar to $1.4268 in European trading

The dollar dropped against the euro and the pound on Monday amid fears that upcoming reports on U.S. manufacturing and housing would be bleak.
In morning European trading Monday, the 15-nation euro rose to $1.4237 after closing at $1.4067 in New York late Friday.

The British pound also gained ground, rising to $1.4744 in Monday trading compared with the $1.4677 it bought late Friday in New York.
The dollar's slide comes amid rising oil prices, sparked by fears of supply disruptions because of renewed fighting between Israel and Hamas. An expansion of Israel's air assault on Gaza's Hamas rulers Sunday helped push oil prices above $39 in Asian trading Monday.
Later this week, reports on U.S. home prices and manufacturing are expected to shed more light on the U.S. recession, analysts said.

[ForexGen Services]


Client Services

• Customer Support
• Trading Support

ForexGen Partnership

ForexGen offers three types of business partnerships.

* [Introducing Broker]
* [White Label]
* [Money Manager]

ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

9 Retirement Resolutions For 2009

9 for '09: Resolutions to build a sounder, safer retirement in the year ahead

Exercise more, stop smoking, lose weight -- all are excellent ideas for 2009 for those who need to prod themselves in those areas.
But instead of making the traditional New Year's effort to shed 15 pounds, usually in vain, how about aiming to trim your spending by 15 percent?
It's a worthy goal for anyone, but perhaps particularly for those nearing retirement age. With fewer years to let their investments recover from the biggest stock-market decline in decades, more immediate steps may be necessary to help keep finances in line.

"The money saved can be used to pay off debt and increase retirement savings," said Mitch Franklin, assistant professor of accounting at Syracuse University and an advocate for cutting back by 15 percent.
Here are nine financial resolutions for '09 with extra relevance for retirement planning, as recommended by a variety of personal finance experts:

-- 1. REDUCE YOUR SPENDING BY UP TO 15 PERCENT.

This is a good time to get a handle on your expenses and determine what can be reduced or eliminated.
Larry Reno, 62, didn't wait for New Year's to take the plunge. Startled into action by the market's plunge, the retired civil servant from from Fayetteville, Ga., has slashed household spending for him and his wife Cindy by 10 to 15 percent since mid-September.
The Renos achieved it without taking a machete to their spending budget. They switched to a discount store for their grocery shopping, consolidated errands into a single trip, ate out less often, and signed up to be "secret shoppers," or mystery shoppers -- getting paid to evaluate retailers. Instead of spending over $100 to replace Larry's old dress shoes, he got them resoled for $37.

Reno says the spending reductions provide flexibility to make sure money is available when truly needed.
"It makes me feel good when I know that I'm saving a little bit of money and I won't have to cut back on money for other things," he said.

-- 2. DON'T PANIC.

"People should resolve to stay calm and not make any hasty decisions," said Tahira Hira, a professor of personal finance and consumer economics at Iowa State University.
Putting blinders on and refusing to open financial statements probably isn't the best way to achieve that calm, however. That might mean missed opportunities to make a sound decision about allocations or investments. Nor is pulling back on all investments indefinitely, especially when it comes to 401(k) or other retirement plans.

-- 3. STAY INVESTED.

The market will eventually bounce back, and you have to stay invested to benefit. Investments in cash are for the short term and ultimately lose ground to inflation.
"History has shown that discipline is often rewarded," said John Curry, head of individual retirement services at New York-based AllianceBernstein Investments.
He noted that in the first year after the bottom of the tech bubble, the market was up 25 percent.

-- 4. INCREASE CONTRIBUTIONS TO RETIREMENT FUNDS.
This may not be possible for those who are extremely stretched, but it's an excellent way to supplement funds depleted by the stock market's decline.
"If we are not maximizing our retirement contributions, we are leaving a lot off the table -- (missing out on) tax savings and in many cases employer contributions," said Hira.

-- 5. PAY OFF YOUR CREDIT CARDS.

After eliminating your card debt, use only one card and pay off the balance monthly. Lingering credit card balances will only continue to chip away at your potential retirement income.
Rick Kahler, a fee-only financial planner in Rapid City, S.D., advocates being even tougher on yourself and cutting up all cards: "If a person is a chronic overspender and is unwilling to give up all their cards, saying, 'I'll just keep one for emergencies,' it doesn't work any better than an alcoholic giving up everything in their liquor cabinet except the bottle of Jack Daniels, just in case friends come over."

-- 6. WORK TOWARD SAVING ENOUGH TO FINANCE A YEAR OF RETIREMENT.

Those in or near retirement may need to tap an emergency fund to avoid drawing down their retirement savings earlier than planned in a distressed market.
Certified financial planner R. Gene Stout, director of the financial planning program at Central Michigan University, says emergency funds in the "red zone" near the start of retirement -- the last five years before retirement and the first five years of retirement -- should be large enough to last at least a year. This strategy avoids the need to liquidate a retirement portfolio still heavy on equities in a distressed market, he says, and provides more years of portfolio growth later in retirement. "The probability of not running out of money in retirement is dramatically improved."

-- 7. REBALANCE YOUR PORTFOLIO.

Check to see if you should rebalance your portfolio to make sure your asset allocation is in line with your investment goals. If you're a traditional buy-and-hold investor, the percentage of stocks in your portfolio will be at a low at the market bottom, leaving you poorly positioned to benefit from a recovery.
Bill Reichenstein, a finance professor at Baylor University, advises keeping stocks at close to a set percentage of your portfolio that reflects your risk tolerance through thick and thin; for example, 60 percent stocks and 40 percent bonds: "A fixed-weight strategy helps you overcome inertia and forces you to buy stocks after bear markets and sell stocks after bull markets."

-- 8. IF RETIRED, SPEND NO MORE THAN 4 OR 5 PERCENT OF YOUR HOLDINGS.

Financial advisers have traditionally counseled spending no more than 4 percent of your savings in the first year of retirement, then in subsequent years increasing the dollar amount of that initial withdrawal by the rate of inflation. This strategy is deemed to give a retirement portfolio a very high probability of lasting for a 30-year retirement.
The so-called 4 percent withdrawal rule is only a guideline, however. When determining an appropriate withdrawal rate you'll want to factor in your age and health, recognizing that a spike in inflation or investment losses can significantly impact the income generated by your retirement accounts.

David Hefty, a certified financial planner in Auburn, Ind., says retirees should spend no more than 5 percent of their Dec. 31, 2008, balance during 2009 -- or 4 percent, even better.

-- 9. UPDATE YOUR WILL.

Make sure your will is updated and that the correct beneficiaries are named on all documents, including insurance policies, IRAs and pensions. If you don't have a will, make an appointment with an attorney.
"This may not sound like retirement advice, but it is: No will, or a badly drawn will, can destroy your spouse's retirement," said Michael Kresh, a certified financial planner and president of M.D. Kresh Financial Services Inc. in Islandia, N.Y. "And you'd be amazed at how many ex-spouses and former best friends show up as beneficiaries."

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

Finding the Right Trading Style for You

We’re frequently asked, “What’s the best way to trade the forex market?”

That’s a loaded question that seems to imply there’s a right way and a wrong way to trade currencies. Unfortunately, there is no easy answer. Better put, there is no standard answer — one that applies to everyone. The forex market’s trading characteristics have something to offer every trading style (long-term, medium-term, or shortterm) and approach (technical, fundamental, or a blend).

So in terms of deciding what style or approach is best suited to currencies, the starting point is not the forex market itself, but your own individual circumstances and way of thinking.

[ForexGen White Labels]

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

[ForexGen] provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading [platform] for the different types of the two White Label solutions.

Dollar Slips in Light Holiday Trading

Dollar slips vs euro, pound, yen in light holiday-week trading

The dollar fell against most major currencies in light holiday trading Wednesday after government data showed rising U.S. joblessness and declining consumer spending.
The 15-nation euro rose to $1.3999 in late New York trading, up from $1.3967 late Tuesday, while the British pound edged up to $1.4752 from $1.4735. The dollar fell to 90.39 Japanese yen from 90.68.

The Labor Department said Wednesday that initial applications for unemployment benefits rose more than anticipated to a seasonally adjusted 586,000 last week. That was the highest level since November 1982, though the work force has grown by about half since then.
Other reports were gloomy, but less grim than anticipated. The Commerce Department said consumer spending dropped 0.6 percent in November -- the fifth straight monthly drop -- and durable goods orders fell 1 percent in November.

The Dow Jones industrial average rose 48.99, or 0.58 percent, to 8,468.48, after falling for five straight sessions. Trading volumes were extremely low ahead of Christmas, and the markets closed early Wednesday at 1 p.m. Eastern time.
In other trading Wednesday, the dollar inched up to 1.2156 Canadian dollars from 1.2133 it bought Tuesday, and fell to 1.0740 Swiss francs from 1.0871.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

New Zealand Dollar Technical Outlook

The New Zealand dollar finds itself almost exactly at support of a minor rising short-term trendline, with a break lower to signal further declines are likely.

The pair has thus far failed at the 50.0 percent Fibonacci retracement of 0.6960-0.5190 at 0.6070, and such a move keeps our short-term trading bias to the downside. A break of 0.5700 invites a move towards intraday congestion zones in the 0.5400-0.5500 range.

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Oil Falls Nearly 6 Percent

Oil dropped nearly 6 percent to below $40 a barrel on Monday on signs the global economic malaise was slowing fuel demand further.
Apparent oil consumption in China fell by 3.2 percent in November from a year ago, according to Reuters calculations, while crude imports into the world's No. 2 energy consumer dropped to the lowest level this year.
U.S. crude for February delivery settled down $2.45 at $39.91 a barrel. The January contract touched $32.40 on Friday before expiring, the lowest since February 2004, weighed down by rising stock levels at the Cushing, Oklahoma, delivery point for the New York Mercantile Exchange contract.
London Brent crude settled $2.55 lower at $41.45 a barrel.

"Chinese crude oil imports in November fell to their lowest level this year," John Kilduff, senior vice president at MF Global, wrote in a report. "Additionally, the Chinese central bank has made its fifth interest rate cut this year in an attempt to keep growth from faltering."
China on Monday cut interest rates for a fifth time since September, and Japan warned it was sliding deeper into a recession encroaching steadily on the global economy, closing factories and throttling trade.
Oil prices have fallen more than $100 since July as the global financial turmoil threatens to trigger the first contraction in world energy demand since 1983.

U.S. stocks slid on Monday as the economic slowdown continued to eat into corporate profits and outlooks, while retailers tumbled on worries of lackluster Christmas sales.
Surging demand from China and other emerging nations sent crude on a six-year rally to record highs over $147 a barrel stuck in July, before the economic crisis began to slow demand in top consumer the United States and big economies.
The Organization of the Petroleum Exporting Countries (OPEC) last week agreed to reduce output by another 2.2 million barrels per day, adding to agreements to cut 2 million bpd from global supplies made since September to help balance the market and prop up prices.
"Don't doubt the efforts of OPEC or its members to return the oil market to stability," Saudi Oil Minister Ali al-Naimi told reporters over the weekend in Qatar.

A senior OPEC delegate said the group was ready to reduce supply further if needed after the latest round of cuts were agreed last week, but added that he believed it had done enough for now to balance the market.
"OPEC should not have to do anymore, but members are willing to do more if they have to. You can never tell with this economy in downturn," the delegate told Reuters.
Asian refiners have yet to receive notice from OPEC's core Gulf members of any further reductions to oil supplies since the group announced fresh cuts last week.
A Reuters poll of analysts ahead of weekly U.S. data due out on Wednesday forecast U.S. crude inventories rose by 300,000 barrels in the week to December 19, with distillate and gasoline stocks also expected to have gained.

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Obama's Inauguration Comes With High Costs

When President-elect Barack Obama takes the oath of office next month, the nation's capital will be the site of a massive celebration. But local officials are worried they might get stuck with the check.
Even for a city used to big crowds, Obama's inauguration promises to shatter records for attendance. City officials predict up to 2.5 million people will converge on the capital on January 20, and they are taking unprecedented steps to accommodate the masses. Plans are in the works to open up the National Mall, extend hours for public transportation and - perhaps most daunting - provide parking for the influx of revelers.
"Even though we're very practiced at inaugurations and large events, this is one that will rewrite the book on inaugurations," said Rep. Eleanor Holmes Norton, D-D.C., who has requested an additional $15 million from Congress to help the city cover costs. That would double the $15 million Congress has already allocated to pay for all national events and demonstrations in Washington during 2009.

Mayor Adrian Fenty agreed that costs for increased security and crowd control would dwarf the original allocation. And for a city facing a budget shortfall and the same economic downturn affecting the rest of the country, now is not the time to rack up debt, Fenty told CNN.
"We are in talks with the federal government as we sit here today to let them know - I think they already know that that's not enough," he said, referring to the initial $15 million allocation. "Now the question is if you want to make sure that you cross every 't' and dot every 'i', it does look like it's going to be significantly more than that."
Fenty predicted costs for the city would near $50 million, the same amount Congress provided to both Denver, Colo., and St. Paul, Minn., to host the Republican and Democratic conventions earlier this year.
Record-breaking numbers of people, he said, mean more services: "More buses, more federal cooperation, more emergency medical service workers, more police officers needed, more hotel rooms needed, more streets that are going to have to be closed, more water in case it's hot and more places to stay if it gets particularly cold and people need some type of hypothermia relief."

The city will double its 4,100-member police force by calling in officers from other districts and is working with local transportation officials on how to move people downtown to watch the festivities.
It's not all bad news. With the crowds comes an uptick in tourism, city officials said. Bars will be open until 4 a.m. to accommodate revelers and hotels in the area are selling at two or three times the normal rates. Washington residents are embracing the news by flooding the Craig's List Web site with offers to rent their homes and apartments to out-of-towners.
"There'll be plenty of people coming, using our grocery stores, restaurants, movie theatres, hotels; spending money, enjoying themselves," Fenty said. "And when they see how great a city this is, if they didn't already know, they certainly will return."

Inaugural planners say interest in the inaugural celebrations has been enthusiastic and nonstop. Presidential Inaugural Committee spokeswoman Linda Douglass said 35,000 people have already registered to volunteer.
"We know there's a lot of energy here and we want to do everything we can to accommodate that," Douglass said. "We've been told there is going to be a very big crowd coming, and we are working with the city and the federal officials to do everything we can to make sure they can get here, that they'll be safe, that they'll be comfortable and that they'll be able to participate in some way.
For all the tourists who do turn out, Fenty said no matter what the cost, the city will work to charm its visitors.
"We want everyone to have a great time," Fenty said. "We want everybody to enjoy the nation's capital, and come bring your friends, bring your family and then hopefully just be a part of history."

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