By now you have an arsenal of weapons to use when you battle the market. In this lesson you will add yet another weapon: CHART PATTERNS!

Think of chart patterns as a land mine detector, because once you learn this, you will be able to spot “explosions” on the charts before they even happen, making you a lot of money in the process.

In this lesson, we will teach you basic chart patterns and formations. When correctly identified, it usually leads to a huge breakout or “explosion” in this case.

Remember, our whole goal is to spot big movements before they happen so that we can ride them out and rake in the cash! Chart formations will greatly help us spot conditions where the market is ready to break out.

Here's the list of patterns that we're going to cover:

• Symmetrical Triangles
• Ascending Triangles
• Descending Triangles
• Double Top
• Double Bottom
• Head and Shoulders
• Reverse Head and Shoulders

Simple Moving Average (SMA)

the simple moving average is formed by calculating the average price of a security over a particular number of periods. While it is possible to create moving averages from the Open, the High and the Low data points, most moving averages are created using the closing price. For example: a 4-day simple moving average is calculated by adding the closing prices for the last 4 days and dividing the total by 4.

11+ 12 + 13 + 14 = 50

(50 / 4) = 12.5

The calculation is repeated for each price bar on the chart. The averages are then joined to form a smooth curving line - the moving average line. Continuing our example, if the next closing price in the average is 15, then this new period would be added and the oldest day, which is 11, would be dropped. The new 4-day simple moving average would be calculated as follows:

12 + 13 + 14 +15 = 54

(54 / 4) = 13.5

Over the last 2 days, the SMA moved from 12.5 to 13.5 , As new days are added, the old days will be subtracted and the moving average will continue to move over time.

ForexGen also offers a "No Dealing Desk" execution option which does not provide fixed spreads or guarantee regarding slippage. Clients are able to select this option at ForexGen's discretion.

Liquidation
Any depreciation occurring to a point of depletion of an entire balance in Forex account, will be liquidated automatically without any margin calls.

Fees
ForexGen customers enjoy trading without commissions, transaction fees, overnight performance fees or execution.

Overnight positions (swap)
ForexGen offers swap-free accounts. Swaps will not be applied to ForexGen accounts.

Deposit currency
Clients can select to fund their live accounts with USD or EURO.

Reporting
Complete and full detailed reporting about the account trading activities are generated 24 hours a day, 7 days a week.

Opening a live Account Online
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just minutes. Representatives are available 24 hours a day, 7 days a week.

Parabolic SAR

the Parabolic SAR can be used to determine where trend will be ending,it is very simple to use.

when the dots are up the candles it may be a sign to sell,but when the dots are under the candles you can buy , the Parabolic SAR is the easisest indicator because it indicates if the price is going up or down.

Profile regulatory information:

ForexGen 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.

Before we go any further we are going to be 100% honest with you and tell you the following before you consider trading currencies:

All forex traders, and we mean all traders LOSE money on trades.
Ninety percent of traders lose money, largely due to lack of planning and training and having poor money management rules. Also, if you hate to lose or are a super perfectionist, you'll probably have a hard time adjusting to trading.

Trading forex is not for the unemployed, those on low incomes, or who can't afford to pay their electricity bill or afford to eat.
You should have at least $10,000 of trading capital (in a mini account) that you can afford to lose. Don’t expect to start an account with a few hundred dollars and expect to become a kazillionaire.

The Forex market is one of the most popular markets for speculation, due to its enormous size, liquidity and tendency for currencies to move in strong trends. You would think traders all over the world would make a killing, but success has been limited to very small percentage of traders.

Many traders come with the misguided hope of making a gazillion bucks, but in reality, lack the discipline required for trading. Most people usually lack the discipline to stick to a diet or to go to the gym three times a week. If you can't even do that, how do you think you're going to succeed trading?

Short term trading IS NOT for amateurs, and it is rarely the path to “get rich quick”. You can't make gigantic profits without taking gigantic risks. A trading strategy that involves taking a massive degree of risk means suffering inconsistent trading performance and often suffering large loss. A trader who does this probably doesn’t even have a trading strategy - unless you call gambling a trading strategy!

1 PiP Spread on 10 Pairs Low Spreads on Crosses No Swaps - Unlimited Time No Commissions No Margin Calls No Withdrawal Fees Same Day Withdrawals Hedging Capabilities Multi Account Platform Instant Deposits No Dealing Desk Accounts Excellent Support Premium Trading Tools Partnership Programs Instant Account Activation Standard, Mini and Micro Lots

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts , and Live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one Profile. Instant Approval.

ForexGen strives to give incomparable professional and individualized trading services. As a professional online trading service, ForexGen provides several facilities for all kinds of traders

Exponential Moving Average (EMA)

In order to reduce the lag in simple moving averages, technicians often use exponential moving averages (also called exponentially weighted moving averages). exponential moving average reduce the lag by applying more weight to recent prices relative to older prices. The weighting applied to the most recent price depends on the specified period of the moving average. The shorter the exponential moving average's period, the more weight that will be applied to the most recent price. For example: a 10-period exponential moving average weighs the most recent price 18.18% while a 20-period EMA weighs the most recent price 9.52%. As we will see, the calculating and exponential moving average is much harder than calculating an simple moving average. The important thing to remember is that the exponential moving average puts more weight on recent prices. And so it will react quicker to recent price changes than a simple moving average. And that's the calculation formula

exponential Moving Average Calculation

Exponential Moving Averages can be specified in two ways - as a percent-based exponential moving average or as a period-based exponential moving average. A percent-based EMA(exponential moving average) has a percentage as it's single parameter while a period-based EMA has a parameter that represents the duration of the EMA.

The formula fot calculating an exponential moving average is:

EMA(current) = ( (Price(current) - EMA(previous) ) x Multiplier) + EMA(previous)

For a percentage-based EMA, "Multiplier" is equal to the EMA's specified percentage. For a period-based EMA, "Multiplier" is equal to 2 / (1 + N) where N is the specified number of periods.

For example, a 20-period EMA's Multiplier is calculated like this:

(2 / (Time periods + 1) ) = (2 / (20 + 1) ) = 0.095238

This means that a 10-period EMA is equivalent to an 9.5238 % EMA.
xample 2

a 10-period EMA's Multiplier is calculated like this:

(2 / (Time periods + 1) ) = (2 / (10 + 1) ) = 0.1818 (18.18%)

This means that a 10-period EMA is equivalent to an 18.18% EMA.
you can loot at the chart below

Trade Size
All trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen trading platform. There is no maximum trading volume on the ForexGen trading platform.

Pip/Tick Value
Trading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.

Margin Requirement
Guaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.

Long and Short Bodies

Long white candlesticks show strong buying pressure. The longer the white candlestick is, the further the close is above the open. This indicates that prices advanced significantly from open to close and buyers were aggressive. While long white candlesticks are generally bullish, much depends on their position within the broader technical picture. After extended declines, long white candlesticks can mark a potential turning point or support level. If buying gets too aggressive after a long advance, it can lead to excessive bullishness.

Long black candlesticks show strong selling pressure. The longer the black candlestick is, the further the close is below the open. This indicates that prices declined significantly from the open and sellers were aggressive. After a long advance, a long black candlestick can foreshadow a turning point or mark a future resistance level. After a long decline a long black candlestick can indicate panic or capitulation.

Even more potent long candlesticks are the Marubozu: Black and White. These candlesticks do not have upper or lower shadows and the high and low are represented by the open or close.
Long and Short Shadows

Upper shadows represent the session high and lower shadows the session low. Candlesticks with short shadows indicate that most of the trading action was confined near the open and close. Candlestick with long shadows show that traded extended well past the open and close.

Candlesticks with a long upper shadow and short lower shadow indicate the following: buyers dominated during the session, and bid prices higher. However, sellers later forced prices down from their highs, and the weak close created a long upper shadow. Conversely, candlesticks with long lower shadows and short upper shadows indicate the following: sellers dominated during the session and drove prices lower. However, buyers later resurfaced to bid prices higher by the end of the session and the strong close created a long lower shadow.

Other type of Candlesticks are with a long upper shadow, long lower shadow and small real body. They are called spinning tops. One long shadow represents a reversal of sorts; spinning tops represent indecision. The small real body (whether hollow or filled) shows little movement from open to close price, and the shadows indicate that both bulls and bears were active during the session. Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime.

After a long advance or long white candlestick, a spinning top indicates weakness among the bulls and a potential change or interruption in trend. After a long decline or long black candlestick, a spinning top indicates weakness among the bears and a potential change or interruption in trend.

Candlesticks are formed using the open, high, low and close.

• If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.
• If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.
• The hollow or filled section of the candlestick is called the “real body” or body.
• The thin lines poking above and below the body display the high/low range and are called shadows.
• The top of the upper shadow is the “high”.
• The bottom of the lower shadow is the “low”.

Candlestick chart patterns are very popular in forex trading because they are the main part of technical analysis. On all chart modules, users can toggle between line, bar and candlestick chart view.

The candle consists of two parts: the body and the shadows. The body reflects the open and closing price for the certain period. The candle body is black if the close price below the open, and white if the close was higher than the open for the period. The candlestick shadow reflects the intra-period high and low prices. (Note: In candlestick charting the following periods are often used; 5 min, 15 min, 1 hour, daily and weekly). Long shadows, show that the trading extended well beyond the opening and/or closing price, while short shadows, show that trading was confined closely to the open and/or closing price.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts , and Live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one Profile. Instant Approval.

ForexGen strives to give incomparable professional and individualized trading services. As a professional online trading service, ForexGen provides several facilities for all kinds of traders

While we briefly covered candlestick charts in the previous lesson, we’ll now dig in a little and discuss them more in detail. First let’s do a quick review.

What is a Candlestick?

Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. A westerner by the name of Steve Nison “discovered” this secret technique on how to read charts from a fellow Japanese broker and Japanese candlesticks lived happily ever after. Steve researched, studied, lived, breathed, ate candlesticks, began writing about it and slowly grew in popularity in 90s. To make a long story short, without Steve Nison, candle charts might have remained a buried secret. Steve Nison is Mr. Candlestick.

Okay so what the heck are candlesticks?

The best way to explain is by using a picture:

Why participate in the Forex Market?

• Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account activation.
• Scandinavian quality with Swiss precision, funds secured and local agents in 20+ countries..
• ForexGen offers Forex trading in the major currency pairs and crosses.
• Low capital start , with $250 in minimum account size.
• Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
• ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

Candlestick Charts identical to a bar chart in the information conveyed, but presented in an entirely different visual context.

The candlestick encapsulates the open, high, low and close of the trading period in a single candle.Candlestick charts are much more visually appealing than a standard two-dimensional bar chart. As in a standard bar chart, there are four elements necessary to construct a candlestick chart, the OPEN, HIGH, LOW and CLOSING price for a given time period. Below are examples of candlesticks and a definition for each candlestick component: The body of the candlestick is called the real body, and represents the range between the open and closing prices. This kind of chart displays each time period in a "candlestick" format.

As in the bar chart, the candlestick shows the open, high, low and close of a specific time period. A candlestick can either be solid or transparent. Its appearance depends on the relationship between the opening and the closing price. If the close is higher than the open, the candlestick is transparent or empty. If the close is lower than the open, the candle is solid or filled. When two thin lines extend vertically above and/or below the body of the candle, this means that they represent the highs and lows respectively, but not the closing price. These lines represent the high and the low for the period and referred to as shadows.

The high for the period is the upper shadow and the low is known as the lower shadow.A black or filled-in body represents that the close during that time period was lower than the open, (normally considered bearish) and when the body is open or white, that means the close was higher than the open (normally bullish). The thin vertical line above and/or below the real body is called the upper/lower shadow, representing the high/low price extremes for the period.Candlestick charts have three major advantages when compared to bar charts.Candlestick charts are much more "visually immediate" than bar charts. Once you get accustomed to the candle chart, it is much easier to see what has happened for a specific period - be it a day, a week an hour or one minute.

With a bar chart you need to mentally fill in the price action. You need to say to yourself, "The left tick says that's where it opened, the right tick where it closed. Now I see. It was an up day." With a candlestick chart, this is all done for you. You can spend your energy on analysis - not on figuring out what happened with the price.With candles you can spot trends more quickly by looking for whether the candles are clear or colored.
Within a trend, you can easily tell what a stock did in a specific period.Most importantly, candles are vital for spotting reversals. These reversals are usually short term - precisely the kind the swing trader is looking for. When traditional technical analysis talks about reversals, usually it is referring to formations that occur over long periods of time.

Typical reversal patterns are the "double top" and the "head and shoulders." By definition, these involve smart money distributing their shares to naive traders and normally occur over weeks or even months.Candlesticks, however, are able to accurately pick up on the changes in trend that occur at the end of each market swing. If you pay meticulous attention to them, then they often warn you of impending changes.

ForexGen strives to give incomparable professional and individualized trading services.
As a professional online trading service, ForexGen provides several facilities for all kinds of traders

Our trading service performance is based on respect and appreciation which is only achieved by offering intelligent trading tools for secure online trading.

ForexGen is the easiest and fastest gateway for the traders to perform successful trading, which provides a unique institutional investor professional facilities and highly qualified individualized services for the international customer.
ForexGen provides advanced online trading software with full trading services.

ForexGen delivers what traders want: instant order execution, lowest spreads, flexible starting capital, fast online and free deposits and withdrawal, and most of all, solid funds security.

Winning in trading depends on using the right strategy and controlling all the moves.
Trading strategies are discussed in details at ForexGen Academy.

There are 2 types of Fibonacci:
Fibonacci extension:the levels of Fibonacci extension will be 0, 0.382, 0.618, 1.000, 1.382, 1.618.many Traders can use the Fibonacci extension as profit taking level and when they watch the same levels ,they can buy or sell to enter the trade or cancel it,so this will become a due self-fulfilling execptation .

And the levels of Fibonacci retracement will be 0..236, 0.382, 0.500, 0.618, 0.764.a lot of traders use the Fibonacci retracement as support levels and when they watch the same levels,they can place buy and sell to enter the trade or cancel it so the support level becomes a self-fulfilling exepectation

When you need to apply the Fibonacci level at your chart you will need to know about the swing low points and the swing high points
A Swing Low is a candlestick with as minimum two higher lows on both the left and right of itself
A Swing High is a candlestick with as minimum two lower highs on both the left and right of itself.

To download ForexGen platform directly click here

To open a free Demo Account, Please Apply Online

We are committed to your privacy

Important notes:

• When opening a demo account you will have the same features on the system as a real client, however this account is for demonstration purposes only. Please notice that the demo platform is fully automated and does not enjoy the attention of our dealing room. In volatile markets the dealing room may increase the spread slightly for a short period of time, however all temporary changes are only made on the live server and does as such not affect the demo accounts.
• To open a demo account you must enter a valid e-mail address.
• The demo account is only valid for a period of 30 days. Please be aware that all data will be lost when the demo account expires.

Bar Charts

Bar chart is graphic representation of price action using a vertical bar to connect the highest price to the lowest price during a period. The opening price is displayed as a horizontal line on the left side of the bar.The closing price is displayed as a horizontal line on the right side of the bar.Bar charts can be constructed for any time period in which prices are available. Traditionally, the most popular time interval for bar chart is hourly chart.

However, since the wide availability of the real time prices, it is commen to use smaller time interval such as 30 minutes, 15 minutes, 5 minutes, 1 minuteBelow is a BAR CHART example: Standard bar charts are commonly used to convey price activity into an easily readable chart. Usually four elements make up a bar chart; the open, high, low and close for the trading session/time period.

A price bar can be represent any time frame the user wishes, from 1 minute to 1 month. The total vertical length/height of the bar represents the entire trading range for the period.Below is a BAR example:The top of the bas represents the highest price of the period, and the bottom of the bar represents the lowest price of the period. The Opening price ‘OPEN’ represented by a small dash to the left of the bar, and the closing Price for the session ‘CLOSE’ is a small dash to the right of the bar.

1 PiP Spread on 10 Pairs Low Spreads on Crosses No Swaps - Unlimited Time No Commissions No Margin Calls No Withdrawal Fees Same Day Withdrawals Hedging Capabilities Multi Account Platform Instant Deposits No Dealing Desk Accounts Excellent Support Premium Trading Tools Partnership Programs Instant Account Activation Standard, Mini and Micro Lots

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as many Demo accounts , and Live accounts as you need. All accounts can be created online and managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and No Dealing Desk accounts in one Profile. Instant Approval.

All charts are potted with time on the x-axis and the currency pair on the y-axis. Each time period on our real time charts can range from a tick by tick a weekly interval (the tick refers to each individual pip movement). This gives traders the flexibility to view currencies with closer examination while also allowing them to spot the trends most suitable for their time-sensitive trading strategy.Here’re the most popular types of charts:

1. Line chart

2. Bar chart

3. Candlestick chart

Line Charts

A line chat is simple a graph of the value of a currency taken at regular time intervals based on current prices. Below is a LINE CHART example : A line chart’s strength come from it’s simple design; it provides an uncluttered, easy to understand view of a currency’s price. Line chats display the currency’s closing price.

By registering on ForexGen, you create your ForexGen profile and you can go ahead and open as
many Demo accounts , and Live accounts as you need. All accounts can be created online and
managed under your ForexGen profile. You can mix between Mini, Standard, Pro, Premium and
No Dealing Desk accounts in one Profile. Instant Approval.

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.

>> Forex Trades 24-Hours a Day
Forex trading is your window to the world economy. Trading starts on Sunday at 5:00 PM Eastern Time with the opening of the markets in Singapore and Sidney. A couple of hours later, the Tokyo market is open. Next is London, which opens at 2:00 AM Eastern Time on Monday. By the time the day catches up to New York, the world currency markets have been at work for fifteen hours. You determine the timing of your trades, reacting instantly to any news or market pressures.

>> Forex is Firm Prices and Instantaneous Execution
Forex Capital Management enables price certainty and instant execution on orders up to US$1 million. Your trading is based on real time streaming currency prices so there is no discrepancy between the offered price and the execution price. This remains true even during volatile, fast moving trading sessions. Streaming prices ensure that your orders, stops, and limits are executed without partial fills or slippage.

>> Forex Enables Automatic Rollovers
With Forex Capital Management, open positions are automatically rolled over every two days. At 5:00 PM Eastern Time, your account automatically rolls over any open positions, swapping the trade forward to a settlement date two business days in the future.

Rolling over a position does include some carrying costs, which is true with futures as well.Rolling over a Forex position can sometimes make you money, since carrying cost is determined by the difference between interest rates for the two currencies. If you are long in the currency with the higher interest rate, you can gain on the spot rollover from the premium relationship of the long currency relative to the short currency. Gain is determined by the differential between the interest rates of the two currencies, and fluctuates with the movement of rates.

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

• Claim Your Bonus
• Live Account Contest
• Demo Account Contest
• Refer A Client
• Scalping enabled Account

The forex market is approximately 46 times larger than the combined world futures markets. Greater day-to-day price stability enables trades with higher leverage than what is typical with futures.


>> ForexGen Provides More Leverage
You control the degree of leverage you wish to employ in trading. Forex Capital Management automatically sets your leverage level at the most lenient requirement, based on the size of your account. As an example, a US$30,000 account has a margin requirement of US$1,000 for every position held that is approximately equal to US$100,000 worth of currencies. At this account level, 1% of the total value of the currency traded is required to be maintained on margin – a leverage ratio of 500 to 1.

>> Forex Provides Less Liability
Forex Capital Management gives investors important peace of mind in the volatile currency marketplace. If the funds in an account ever drop below margin requirements, any open positions will be closed, protecting the account from catastrophic losses. In the event that your strategy proves to be wrong and there is a significant move against you, your liability will never exceed the value in your account.

>> Forex is Maximum Liquidity
The forex market is the largest and most liquid in the world, with the spot foreign exchange market accounting for on average US$1.5 trillion in transactions every day. The foreign exchange market can absorb transaction sizes and trading volumes that dwarf the capacity of other markets. Stop-orders and liquidation of positions are executed without slippage.

ForexGen serves 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.
ForexGen services are all controlled by the international banking and financial regulatory standards.
ForexGen 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.

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

• Claim Your Bonus
• Live Account Contest
• Demo Account Contest
• Refer A Client
• Scalping enabled Account

A moving average is simply a way to smooth out price action over time. By “moving average”, we mean that you are taking the average closing price of a currency for the last ‘X’ number of periods.

Like every indicator, a moving average indicator is used to help us forecast future prices. By looking at the slope of the moving average, you can make general predictions as to where the price will go.

As we said, moving averages smooth out price action. There are different types of moving averages, and each of them has their own level of “smoothness”. Generally, the smoother the moving average, the slower it is to react to the price movement. The choppier the moving average, the quicker it is to react to the price movement.

We’ll explain the pros and cons of each type a little later, but for now let’s look at the different types of moving averages and how they are calculated.

ForexGen provides its traders with a free Forex demo account where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform. A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services. The trader must enter a valid e-mail address to freely open a demo account. You will be able to upgrade to Live Account at any time with minimal efforts.

ForexGen demo account advantages:

• Innovated trading with no request for a quote for up to 200 lots (20 million).
• The client is provided by a simple system with included options that are easily grasped and used.
• Real time prices are usually modified and provided.
• ForexGen provides Real time charts with the most famous indicators.
• Daily reports for the account status.
• Summarization of the current client's orders, account equity, profit and loss ranging.
• Exclusive technical analysis provided daily to your mailbox in the Trading Platform. The trading real time technical analysis by Capital Management is sent daily to the trader’s mail
• Streaming News headlines are supplied by AFX News.
• The ability to form the traders own strategies using the Expert Advisor. Available for real accounts upon written request

>> Forex Offers Broad Diversity
The balance of trade between nations is one determinant to the relative value of these currencies. A nation that imports more than it exports has a deficit trade balance, which is considered unfavorable to the value of that currency. Prudent investors know that they should diversify the U.S. Dollar balance in their assets through holding a range of currencies. This is challenging since most U.S. banks do not offer foreign currency accounts. Through foreign exchange trading, you control hundreds of thousands of dollars worth of currencies with up to 50 times more leverage than with your stocks. For every US$1,000 margin deposit, you control up to US$100,000 worth of Euros, or Pounds, or Yen, or the currency you believe will outperform the U.S. Dollar in the future.

>> Forex – Perfect for Technical Traders
Currencies rarely spend time in tight trading ranges, and there is a tendency for strong trends to develop. Over 80% of trading volume is speculative in nature, so the market frequently overshoots before correcting itself. A technically trained trader can identify these breakouts, providing a range of opportunities for entering and exiting positions.

>> Analyze a Nation like a Corporation
Currencies are always traded in pairs –one currency is purchased with holdings in another. As with stocks, better FX returns are provided by the currency of a country that demonstrates faster growth and is in a better economic condition that others.Currency pricing reflects the amount of available supply and demand. Interest rates and the relative strength of the economy are the two primary factors that determine the availability of a currency. Leading economic indicators reflect the economic health of a nation, and are in large part responsible for shifts. An overwhelming amount of data is available at regular intervals – the challenge is to determine what factors are more influential than others. Interest rates and international trade ratios are typically the most important.

>> Trade Forex 24-Hours a Day
Forex trading is a window to the world economy. Trading starts on Sunday at 5:00 PM Eastern Time with the opening of the markets in Singapore and Sidney. A couple of hours later, the Tokyo market is open. Next is London, which opens at 2:00 AM Eastern Time on Monday. And by the time the day catches up to New York, the world currency markets have been at work for fifteen hours. You determine the timing of your trades, instantly reacting to any news or market pressure. Trading stocks when the U.S. markets are closed is not easy and does not provide much liquidity. With forex, you can trade 24-hours a day in the largest and most liquid market in the world.

ForexGen 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 is continuously providing the market's most competitive conditions.

ForexGen 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).

As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.

• Claim Your Bonus
• Live Account Contest
• Demo Account Contest
• Refer A Client
• Scalping enabled Account

Fibonacci Retracement is a very popular tool among technical traders and is based on the key numbers identified by Leonardo Fibonacci. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels. Before we can understand why these ratios were chosen, we need to have a better understanding of the Fibonacci number series.

The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Each term in this sequence is simply the sum of the two preceding terms and sequence continues infinitely. One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number. This common relationship between every number in the series is the foundation of the common ratios used in retracement studies.

The key Fibonacci ratio of 61.8% - also referred to as "the golden ratio" or "the golden mean" - is found by dividing one number in the series by the number that follows it. For example: 8/13 = 0.6153, and 55/89 = 0.6179.

The 38.2% ratio is found by dividing one number in the series by the number that is found two places to the right. For example: 55/144 = 0.3819.

The 23.6% ratio is found by dividing one number in the series by the number that is three places to the right. For example: 8/34 = 0.2352.

For reasons that are unclear, these ratios seem to play an important role in the stock market, just as they do in na

ForexGen main focus is on our client's profitability and satisfaction which increase their online forex trading life time. At ForexGen the trader has the ability to spend most of the time controlling and performing their business rather than troubleshooting.

The most competitive trading conditions:

• 2 pips spread on six currency pairs.

• Leverage of 200:1 leverage for accounts.

• Without maintenance margin, our services offer margin call and automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US.

• The minimum account size with a 250 US has the ability to execute a lot of trading lots.

Qualified and familiar multilingual platform!

• Streamline dealing with no request for quote for up to 20 million.
• The ForexGen online Trading platform offers traders to do currency trading in pairs. We also allow trading Gold and Silver with the 'one click trading' mechanism.
  

Introduced broker's client's account can be activated with the agreement of their clients.

For full Information and online application, IBs program types.

What is fibonacci and how to use it in the world of FX?

Leonardo Fibonacci was a 13th century mathematician who noted that there are certain ratios that tend to occur repeatdly in nature . The common ones that he identified were 38.2%, 50%, and 61.8%. For example, the distance from your fingertips to your wrist is 38.2% of the distance from your fingertips to your elbow. There is overwhelming evidence of Fibonacci ratios operating throughout nature.

We can us these naturally reocurring ratios to help us anticipate stock market activity.Yes it's true!. What we can do is watch for retracements to these levels. For example if a stock has just completed a 10 point run, say from $90 to $100 and is now pulling back. We would expect the stock to retrace to $96.18 (38.2% retracement from $100) if it does not turn there we would next watch at $95 (50% retracement from $100) and the next level would be $93.82 (61.8% retracement from $100).

These are not always perfect, but surprisengly they work more than just often!! Many people have argued about why these work, but my opinion is that all the large institutions use them, so you might as well buy or sell at the same levels that they do and if these levels don't hold you can get out with a small loss. The key to trading is to take small defined risks (know when to get out if you're wrong) and have winning trades that are 2 or more times your average loss.

Fibonacci Levels will help you in :

showing you the most likely retracement levels for you to buy or sell from.

giving you very accurate price targets from the swing highs and lows (Fibonacci Extensions).

giving you very accurate price targets using the swing high, swing low, and first pullback area (DiNapoli Style Fibonacci Extensions).

giving you Fibonacci Time Extensions which give you very accurate time areas where the markets OFTEN make big moves.

This chart shows a strong up move, and a retracement to the first Fibonacci level of 38.2%. As you can see, this stock retraces to this level at the exact Fibonacci time extension level which is displayed on the bottom of the chart. When stocks retrace to Fibonacci levels at Fibonacci based times, there is a VERY high probability of the stock reversing and making new highs. In this example, the stock does go on to make new highs and stops within 1 penny of our Fibonacci Extension Price Target!

A key to using Fibonacci retracements is to gauge the strength of the original move. If it is a large thrusting move with small or NO pullbacks on the way up, odds are that the first Fibonacci level will hold. If it is a gradual move with many stops and starts, the first Fibonacci level is less accurate. In these cases you should wait to buy or sell short until after the level appears to hold. In the example above, because the rally up is so strong, and the pullback coincides with a Fibonacci time extension, there is a higher probability that this pullback level will hold. There are two ways to trade Fibonacci levels. You could take the trade with your stop immediately under this level and hope the level holds. Or you can wait for the level to hold and buy a breakout of the high of the previous 5 min bar for example. Here your stop loss would be farther away from the price you are filled, thus you are risking more, but the odds are higher that the trade will work
take a look at chart 2

ForexGen offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

• Instant order execution.
• No dealing desk.
• Low spreads.
• Free qualified forex charting .
• Real time streaming news.

Ma summary Moving averages are one of the most famous tools and also the easisest tool used by many traders

We can find many types of moving averages .the 2 most popular types are: Simple Moving Average and Exponential Moving Average.
• The simple form of moving average (SMA) will be the simple moving average, is formed by computing the average = price of a security over a number of periods
• Exponential moving averages: EMA's reduce the lag by applying more weight to recent prices relative to older prices
•
• Simple moving averages are easy to use r than Exponential moving averages.
• The Longer period moving averages are more easy to use than the shorter period moving averages
• The best way to use moving averages is to plot different types on a chart so that you can see both long term movement and short term movement.
Once you plot the different types on a chart and you can see the short term movement and the long termthat’s will be the best way to use the moving averages

Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250.
ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn.

Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.

Forex Trading is not a Get-Rich-Quick Scheme!

Forex trading is a SKILL that takes TIME to learn.

Skilled traders can and do make money in this field. However, like any other occupation or career, success doesn’t just happen overnight.

Forex trading isn’t a piece of cake (as some people would like you to believe). Think about it, if it was, everyone trading would already be millionaires. The truth is that even expert traders with years of experience still encounter periodic losses.

Drill this in your head: there are NO shortcuts to Forex trading. It takes lots and lots of TIME to master.

ForexGen strives to give incomparable professional and individualized trading services.
As a professional online trading service, ForexGen provides several facilities for all kinds of traders

Our trading service performance is based on respect and appreciation which is only achieved by offering intelligent trading tools for secure online trading.

ForexGen is the easiest and fastest gateway for the traders to perform successful trading, which provides a unique institutional investor professional facilities and highly qualified individualized services for the international customer.
ForexGen provides advanced online trading software with full trading services.

ForexGen delivers what traders want: instant order execution, lowest spreads, flexible starting capital, fast online and free deposits and withdrawal, and most of all, solid funds security.

Winning in trading depends on using the right strategy and controlling all the moves.
Trading strategies are discussed in details at ForexGen Academy.

Why participate in the Forex Market?

• Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account activation.
• Scandinavian quality with Swiss precision, funds secured and local agents in 20+ countries..
• ForexGen offers Forex trading in the major currency pairs and crosses.
• Low capital start , with $250 in minimum account size.
• Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
• ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.

There is no substitute for hard work and diligence. Practice trading on a DEMO ACCOUNT and pretend the virtual money is your own real money.

Do NOT open a live trading account until you are trading PROFITABLY on a demo account.

If you can't wait until you're profitable on a demo account, at least demo trade for 2 months. Hey, at least you were able to hold off losing all your money for two months right? If you can't hold out for 2 months, cut your hands off.

Concentrate on ONE major currency pair.

It gets far too complicated to keep tabs on more than one currency pair when you first start trading. Stick with one of the majors because they are the most liquid which makes their spreads cheap.

You can be a winner at currency trading, but as in all other aspects of life, it will take hard work, dedication, a little luck, a lot of common sense, and a whole lot of good judgment.

How do you figure out whether to freakin’ use oscillators, or trend following indicators, or both? After all, we know they don't always work in tandem.

This is probably the most challenging part about technical analysis. And why I call it the million dollar question.

We will provide the million dollar answer in a future lesson.

For now, just know that once you're able to identify the type of market you are trading in, you will then know which indicators will give accurate signals, and which ones are worthless at that time.

This is no piece of cake. But it's a skill you will slowly improve upon as your experience grows.

The Bollinger bands are used to measure the market’s volatility. When the market is quiet, the bands contract; but when the market is LOUD, the bands expand. when the price was quiet, the bands were close together, but when the price moved up, the bands spread apart.
If you want to learn more about the calculations of a Bollinger band, you can find all the informations that you need through this site www.bollingerbands.com

THE BOLLINGER BOUNCE

The Bollinger Bands occurs when the price tends to return to the middle of the bands

When you can see it down , the price moved down to the middle of the bands.

AND NOW LET’S TAKE A LOOK HOW TO USE BOLLINGER BANDS WHEN THE MARKET DOES TREND.

Bollinger Squeeze

When the bands “squeeze” together, that’s mean a breakout is going to happen. If the candles start to move up to the band under the lower band, then the move will continue to go down.

You can see when you take a look at the chart that the bands are squeezing together

My summary Moving averages are one of the most popular and easy to use tools available to the technical analyst

ForexGen offers the swap-free accounts. Swaps will not be applied to ForexGen accounts.

ForexGen will not charge a fee of per traded lot round turn. ForexGen will invoke this right in case of suspicion abuse.

The concepts of support and resistance are undoubtedly two of the most important and highly discussed attributes of technical analysis and they are often regarded as a subject that is complex by those who are just learning to trade

This article will attempt to emphasize the complexity surrounding these concepts by focusing on the basics of what traders need to know in order to be a good trader. You'll learn that these terms are used by traders to refer to price levels on charts that tend to act as barriers from preventing the price of an asset from getting pushed in a certain direction.

Most experienced traders will be able to tell many stories about how certain price levels tend to prevent traders from pushing the price of an underlying asset in a certain direction.

Let’s just take a look at this first.

Most technical traders incorporate the power of various technical indicators such as moving averages, to aid in predicting future short-term momentum, but these traders never fully realize the ability these tools have for identifying levels of support and resistance. As you can see from the chart below, a moving average is a constantly changing line that smoothes out past price data while also allowing the trader to identify support and resistance. Notice how the price of the asset finds support at the moving average when the trend is up, and how it acts as resistance when the trend is down.

Determining future levels of support can drastically improve the returns of a short-term investing strategy because it gives traders an accurate picture of what price levels should prop up the price of a given security in the event of a correction. Conversely, fore seeing a level of resistance can be advantageous because this is a price level that could potentially harm a long position because it signifies an area where investors have a high willingness to sell the security. There are several different methods to choose when looking to identify support/resistance, but regardless of the method, the interpretation remains the same and it wont change, it prevents the price of an underlying from moving in a certain direction.

Fibonacci

We should know from the beginning that the Fibonacci is a big big subject and there are many ways to study the Fibonacci.there is a lot of types of the Fibonacci but we will show 2 types only:the Fibonacci retracement and extension.

But first let us know who is Fibonaccii?

He was the geratest European mathematician of the middle ages,was born in italy (pisa),he was called also leonardo of pisa ,he discovered a simple series of numbers that created ratios describing the natural proportions of things in the universe

The Fibonacci ratio can start from this number: 1, 1, 2, 3, 5, 8, 13, 21, 34

The numebr series starts from the number 1 then the number 2 and after that we add 1+2 we will get 3 ,it will be the third number ,then we add 2+3 we will get 5 and that will be the fourth number

these are the ratios you have to know:

Fibonacci extension:the levels of Fibonacci extension will be 0, 0.382, 0.618, 1.000, 1.382, 1.618.many Traders can use the Fibonacci extension as profit taking level and when they watch the same levels ,they can buy or sell to enter the trade or cancel it,so this will become a due self-fulfilling execptation .

And the levels of Fibonacci retracement will be 0..236, 0.382, 0.500, 0.618, 0.764.a lot of traders use the Fibonacci retracement as support levels and when they watch the same levels,they can place buy and sell to enter the trade or cancel it so the support level become a self-fulfilling exepectation

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.

Full White Label		Limited White Label
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.		Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.

	ForexGen Academy
	The Foreign Exchange Market (FOREX)
	Currency Day Trading Examples
	Order Types
	Forex Terminology
	Forex Broker
	Opening a Trading Account
	Advantages of Forex Vs. Stocks
	Advantages Of Forex Vs. Futures
	Forex Lingo
	Protect Your Self
	Types of Trading Analysis
	Types of Charts
	What is a Candlestick?

Forex is definitely one of the most exciting and profitable markets. If you want to join the elite and start investing you need to follow 5 very simple steps that will eventually lead you to success:

Self Study:
In order to start investing you need to study and observe the Forex market carefully so that you can make the right decisions when the time comes.
You can study the fundamental analysis to monitor the political and economic news' effect on FX market. Also the study of technical analysis is useful as it predicts the price movement based on past experience.ForexGen offers a Training section developed specially for new traders. This section mainly contain comprehensive summarized documents teaching you how to deal with the Forex market and what procedures you need to follow in order to minimize the risk.


• Practice:
ForexGen's Demo account gives you the chance to practice your Forex trading skills with absolutely no obligation on your side. You will also be able to learn how to virtually place market orders and stop-loss orders without risking a penny.

• Investment Strategy:
After gaining enough knowledge about the Forex market, you are ready to start putting a strategy for your investment. First thing you should do is make sure not to let your emotions get in the way of your strategy as it’s a common mistake made by new traders.
Secondly you need to make some decisions like how much you are willing to risk, if it's worth risking, if the market is suitable for that kind of investment and finally you always have to be aware of the amount of money you are risking and if you have enough funds to maintain your margin.

• Observation:
Once you have started your investment, you are now capable of being automatically connected 24/7 throughout ForexGen's new trailing stop software. Trailing stop allows you to control your balance 24 hours a day.

• Open your live account now:
Knowledge, practice, strategy and tools. You are definitely ready to start your investment by opening your first live account. Not like the demo account, you will now start committing real money. Just remember to stick to your strategy.

Moving Average Convergence Divergence (MACD)
A trend indicator used to show the relation between two moving averages of prices

with the MACD chart ,You will see three numbers
• 1- the number of periods used to calculate the faster moving average.
• 2-the number of periods used to calculate the slower moving average
• 3- the number of bars used to differentiate between the fast and slow moving averages.
There are three methods to use MACD:

1. the Crossovers – when you look at the chart, you will see the MACD go under the signal line, that means it may be the time to sell. , when the MACD rises up the signal line it may be the time to buy.

2.the Divergence - It may be a signal of the end of the trend When the security price diverges from the MACD..

3. the Dramatic rise - When the MACD rises –-it is a signal that the security is overbought and will return to the normal levels as soon
Ok,so you now know what is the MACD . Let's see what can MACD do for you.
MACD crossover is a signal to buy or sell
re are 2 moving averages with different speed, the faster will be quicker to react to price movement than the slower. When a new trend is done, the fast line will reach first and cross the slower line. When the “crossover” happens , and the fast line starts to move away from the slower line, it indicates that a new trend is formed.

YOU CAN SEE FROM THIS CHART THAT THE FAST LINE CROSSED UNDER THE SLOW LINE AND THAT’S MAKE A NEW DOWNTREND. WHEN THE LINES CROSSED, THE HISTOGRAM DISAPPEARS.COZ THE DIFFERENCE BETWEEN THE LINES WHEN THE TIME OF THE CROSS IS 0.
THR MACD STILL ONE OF THE MOST FAMOUS TYPES USED BY MANY TRADERS.

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.