Showing posts with label online Forex trading. Show all posts
Showing posts with label online Forex trading. Show all posts

Wednesday, April 16, 2008

ForexGen Academy

ForexGen Academy



If you are an experienced FOREXTrader or just a beginner looking for the opportunities offered in the FOREXmarket, 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.

How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

Step 1: "Practice makes perfect"

Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.

Step 2: "Study, Study, Study".

Forex 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.

Step 3: Manage your money wisely.

You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:

1) How much am I willing to risk?
2) What is my upside and downside potential?
3) What are the market conditions? (Is the market volatile or calm?)
4) What is the logic behind entering this trade?
5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.

Step 4: Open a Live Account.

If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.

We hope you enjoy trading with us and wish you the best of luck!

For more detailed information can be found in

http://www.forexgen.com/

Customer Agreement with ForexGen

Customer Agreement with ForexGen




ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient. Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers. ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.

  • ForexGen LLC is providing an Executable Quotes which appears directly once the trader click the current bid or offer in the Forex trading platform. The orders aren’t checked manually to prevent undesired price quoting. The bid/ask spreads (2 to 3 pips in the major currency pairs) are most of the time stable, and never freeze the prices in any situation.
  • ForexGen LLC is permitting the immediate orders implementation with complete Confirmations and real time margin checking. In addition, automated fills are provided for all market orders.
  • At ForexGen LLC filling the orders is instantly and accurate without difference between the quoted price and the execution price. In addition, Provided Stops and limits have no slippage. Generally we assure and guarantee that under all situations except the most unexpected volatile condition.
  • The bid and ask prices usually modified, to buy the client’s ideal support in taking the buy or sell decision. In addition to posting our bids and offers frequently at any market condition, giving you a fair chance to trade during important news events. Other TSPs don’t allow you to trade on big market making news -they freeze their prices or widen their spreads when the market is volatile. At Forex Gen, we never freeze our prices.
  • ForexGen LLC Advanced trading tools are at the client’s reach, providing modified up to minute news, supports reporting each day & each week plus alerts of the real time trade.
  • TRADING LIMITATIONS.

ForexGen LLC at any time, in its sole discretion, may limit the number of positions which Customer may maintain or acquire through ForexGen LLC, and is under no obligation to effect any transaction for Customer’s accounts which would create positions in excess of the limit which ForexGen LLC has set. Customer agrees not to exceed the position limits established for any contract market, whether acting alone or with others, and to promptly advise ForexGen LLC if Customer is required to file any reports on positions.

ForexGen LLC preserves the right to cancel any transactions found to be erroneous because of the market volatility, failure in the software or hardware of the trading platform or the connected parties. This cancellation is done without consulting with the Customer. The Customer hereby agrees on accepting the consequences of such cancellation either on, or against his favor.

ForexGen LLC Preserves the right to ban any Customer from its trading platform, suspend any accounts temporarily or permanent at any circumstances where the account was suspected to perform one or more of the following forbidden activities:

- Illegal pip hunting.
- Illegal scalping.
- Multi IP login at the same time.
- Suspicious hedging of the same currency.
- Harmful strategies.
- Expert Advisor that are not approved by ForexGen.
- Security threatening activities.
- Any other hostile activities that threatens ForexGen, its customers, business partners and counter parties.

ForexGen LLC risk management office has the right to estimate the risk scope and calculate the remaining funds to be paid out to the Customer after suspension. ForexGen has the sole right to cover its losses caused by the over mentioned activities prior to the suspension

For more detailed information can be found in

Money Manager with ForexGen

Money Manager with ForexGen



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.

Individualized services:

ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:

  • Up-To-Date RSS news feed.
  • Lowest spreads in the Forex Market.
  • Tremendous amount of Technical Indicator.
  • Fast order execution.

An Example for one of the Money Manager’s bonuses:

Deposit Amount (US Dollars)

Bonus

Added to

$50,000

$1,500

Master Account

$100,000

$3,000

Master Account

$250,000

$7,500

Master Account

$500,000

$15,000

Master Account

$1,000,000

$30,000

Master Account

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.

For more detailed information can be found in

ForexGen Customer Care

ForexGen Customer Care


ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.

ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Clients can contact ForexGen by using on of the following methods:

Global Phone Number.

Phone number: +1 212 4613 279

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

  • If you are not able to access the internet.
  • Failing to receive a confirmation on an online order.
  • Failing to connect to ForexGen server.

Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.

1. Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.

2. Determine weather the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.




3. Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . .".

Remark: The given price is un-negotiable. Traders have no permission to hang on the phone waiting for price changes. All phone calls are recorded to ensure the integrity of transactions.

Request call back.

Please specify your comments or inquiry and one of our customer support representatives will contact you shortly.


For more detailed information can be found in

About ForexGen

About ForexGen





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

ForexGen LLXserves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Throughout our partnership with the industrial leaders, we are capable of delivering incomparable quality of online currency trading service.
The ForexGen LLC services are all controlled by the international banking and financial regulatory standards. ForexGen LLC 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.

ForexGen principals:
ForexGen LLC 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.

The ForexGen’s provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer’s confidentiality. ForexGen LLC is continuously providing the market’s most competitive conditions.

ForexGen LLC complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL).

Profile regulatory information
ForexGen LLC is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

According to the Federal Trading Commission (FTC) and Commodity Futures Trading Commission, all financial institutions are obligated in conformity with the anti money laundering laws (AML) that control money laundering and maintain the integrity and security of the international banking and financial institutions. ForexGen is regulated by the international authorities against money laundering and in full compliance with the International Laws.

This is the reason why our customers have to provide us with identifying documentation and the documents proofing the origin of their funds in order to secure that the funds that ForexGen LLC will receive are fully and legally originated according to the European Trading Commission and the European Anti-Fraud Office.

As the international banking standards imply, we preserve all the customer’s account information both personal and financial. Our target is to achieve our principal goal, which is gaining the customer’s confidence and reach to the maximum satisfaction level.

ForexGen LLC state-of-the-art encryption and confirmation rules and certification ensure that every trader’s contract is verified and secured.


For more detailed information can be found in