FOREXGEN 4 ALL TRADERS

Apr 1, 2008 at 17:44 o\clock

ForexGen Advantages

ForexGen Advantages




1] 24-hour Internet, telephone and Reuters trading
Access ForexGen, spot gold and silver prices ensuring price integrity, transparency and consistent liquidity.

2] Transparent competitive two-way pricing
We offer very competitive spreads on over 27 currency pairs, typically 1 pip spread on the major currency pairs.

3] Instantaneous auto trade executions
We are committed to ensuring you deal on the prices you see. At a glance you can see where the market can be bought and sold (under normal market conditions).

4] Low margin requirements
Access ForexGen, spot gold & silver with margin requirements starting at just 1% or leverage of 100-to-1.






5] State-of-the-art trading platforms
Free easy-to-use Windows-based click and deal mini and maxi trading platforms which are fully customisable and offer multiple stored layouts. Our platforms offer a wide variety of order types - MARKET, LIMIT, STOP and OCO. We aim to make it as easy and seamless as possible to access demonstration and live trading platforms and to open and fund your trading accounts.

6] Flexible lot sizes
You are not restricted to trading in standard lot sizes. Take advantage of our wide range of trading sizes from 0.01 million - 100 million (equivalent to $1 / point - $10,000 / point).

7] Risk management in real time
Our platform monitors and controls risk exposure in real time. Based on your margin requirement, it calculates funds needed to retain current open positions and resources available for new positions or for adding to existing open positions.

8] Hedging capability
You have complete control over whether you close or hedge your positions to reduce risk. You can run multiple positions for each currency pair which can be individually selected for closing.

9] Earn interest on cash balances
Unlike many FX brokers ForexGen Securities pays interest on those funds not being used for margin purposes.

10] 24 hour personalised customer service
Our experienced and knowledgeable people are available 24 hours a day to answer questions and provide assistance. Our professional dealers can be accessed at all times via live chat and telephone, and our technical and administrative support is second to none.

11] A fast and efficient back office system
When you fund your account and start trading, you receive straight-through-processing of your trades offering live position keeping, margining, statements, unrealised and realised profit & loss.

 

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Apr 1, 2008 at 17:40 o\clock

Exchanges Around the World With ForexGen

Exchanges Around the World With ForexGen






Technology has fueled the growth of global trading over the past decade, fostering dreams of a single universal marketplace. Yet, investors who have diversified their portfolios across borders and product lines might not always know how their orders are handled on a multiplicity of exchanges and market centers around the globe.

Rules and trading technologies differ significantly not only from one country to the other, but often from one exchange to the other. Rules change frequently too, as exchanges continue to evolve from members-owned monopoly utilities into competitive execution businesses.

ForexGen LLC , which provides direct access to over 50 exchanges and market centers around the world, has incorporated these various exchange rules in its SMART-routing technology to ensure that customers obtain true best execution, no matter what product they trade or where they trade it.

The business of the exchanges is in flux, due to heightened competition and the consolidation trend inherent to a utility-type sector. A number of exchanges have already demutualized and turned themselves into for-profit corporations, some of which are publicly traded. Other markets are merging to better compete in a low-margin business where innovations require substantial investments.

U.S. exchanges face important regulatory challenges as well, with the Securities and Exchange Commission mulling crucial reforms to modernize U.S. capital markets in the 21st century.

The proposed Regulation NMS would acknowledge the advance of electronic trading and likely force the remaining floor-based securities exchanges to alter their model in order to remain competitive. In anticipation of the changes, the New York Stock Exchange has already submitted a proposal for a new hybrid model.

An even bigger challenge may come from the SEC concept release on self-regulatory organizations. It questions the “advisability of implementing enhancements to the current SRO system or pursuing an alternative regulatory model,” which could lead to a single independent regulator with no business ties to the exchanges. Without a regulatory franchise, exchanges would be businesses fighting for customers.

ForexGen has followed how trading began and is still evolving on the major venues that its Universal platform accesses via broadband to trade equities, exchange-traded funds (ETFs), options, futures, foreign exchange and bonds. With Universal, ForexGen provides a gateway to global markets and multiple products from a single account in a single currency.

 

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Apr 1, 2008 at 17:37 o\clock

Expert Adviser with ForexGen

Expert Adviser with ForexGen




Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.

With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.

What is an Expert Advisor?

It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text

Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4.

There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience.

 

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Apr 1, 2008 at 17:35 o\clock

Deposites and withdrawal with ForexGen

Deposites and withdrawal with ForexGen




ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients’ funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Funds are accepted by wire transfer and e-gold payments. For full details about funding procedures and options kindly click here.

· Please note that during the weekends and official holidays, wire transfers may be delayed.

Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client’s account will be funded in the same day of receipt. For our client’s security, each wire transfer reference section must contain the client’s name and account number.

ForexGen minimum deposit required to start trading is $250 . Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.

Traders can withdraw money from the trading account in a simple and fast way.

Withdrawal to a bank account:

1. Login to your account using your user name and password.

2. Click on “Manage accounts” link on the left menu.

3. Select to submit new withdraw transaction.

Withdrawal to an e-gold account:

1. Login to your account using your user name and password.

2. Click on “Manage accounts” link on the left menu.

3. Select to submit new withdraw transaction.

Withdrawal requests are processed during the same business day. Please allow a few hours for the accounting department to process and clear the payment. Funds may take more time before it arrives to your bank account depending on the bank and location and also the time the wire transfer request is issued.

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Apr 1, 2008 at 17:29 o\clock

Different Types of Forex Orders with ForexGen

Different Types of Forex Orders with ForexGen

 




A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each type of order is necessary to be a successful FOREX trader.

Market Order – is an order to buy or sell at the current market price. They can be used to enter or exit a trade.

Market orders should be used with care because in fast-moving markets there may be a difference between the price seen at the time a market order is given and the actual price of the transaction. This is due to slippage – the amount the market moves in the few seconds between giving an order and having it executed. Slippage could result in a loss or gain of several pips.

Limit Order – is an order to buy or sell at a certain limit. They can be used to buy currency below the market price or sell currency above the market price. When buying, your order is executed when the market falls to your limit order price. When selling, your order is executed when the market rises to your limit order price. There is no slippage with limit orders.

Stop Order – is an order to buy above the market or to sell below the market. They are most commonly used as stop-loss orders to limit losses if the market moves contrary to what the trader expected. A stop-loss order will sell the currency if the market falls below the point set by the trader.

One Cancels the Other (OCO) – this order is used when placing a limit order and a stop-loss order at the same time. If either order is executed the other is cancelled, allowing the trader to make a transaction without monitoring the market. If the market falls, the stop-loss order will be executed, but if the market rises to the level of the limit order, the currency will be sold at a profit.

* Example OCO Transaction:

Buy: 1 standard lot EUR/USD @ 1.3228 = $132,280
Pip Value: 1 pip = $10
Stop-Loss: 1.3203
Limit: 1.3328

This is an order to buy US dollars at 1.3328 and to sell them if they fall to 1.3203 (resulting in a loss of 25 pips or $250) or to sell them if they rise to 1.3328 (resulting in a profit of 100 pips or $1,000).

* Here's another example:

The current bid/ask price for US dollars and Canadian dollars is

USD/CDN 1.2152/57

...meaning you can buy $1 US for 1.2152 CDN or sell 1.2157 CDN for $1 US.

If you think that the US dollar (USD) is undervalued against the Canadian dollar (CDN) you would buy USD (simultaneously selling CDN) and wait for the US dollar to rise.

This is the transaction: Buy USD: 1 standard lot USD/CDN @ 1.2157 = $121,570 CDN
Pip Value: 1 pip = $10
Stop-Loss: 1.2147
Margin: $1,000 (1%)

You are buying US$100,000 and selling CDN$121,570. Your stop loss order will be executed if the dollar falls below 1.2147, in which case you will lose $100.

However, USD/CDN rises to 1.2192/87. You can now sell $1 US for 1.2192 CDN or sell 1.2187 CDN for $1 US.

Because you entered the transaction by buying US dollars (buying long), you must now sell US dollars and buy back CDN dollars to realize your profit.
You sell US$100,000 at the current USD/CDN rate of 1.2192, and receive 121,920 CDN for which you originally paid CDN$121,570. Your profit is $350 Canadian dollars or US$287.19 (350 divided by the current exchange rate of 1.2187).

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