There are several ways to arrive to the Pivot point. The method we found to have the most accurate results is calculated by taking the average of the high, low and close of a previous period (or session).
Pivot point (PP) = (High + Low + Close) / 3
Take for instance the following EUR/USD information from the previous session:
Open: 1.2386
High: 1.2474
Low: 1.2376
Close: 1.2458
The PP would be,
PP = (1.2474 + 1.2376 + 1.2458) / 3 = 1.2439
Showing posts with label forex trade. Show all posts
Showing posts with label forex trade. Show all posts
Wednesday, January 7, 2009
Tuesday, January 6, 2009
Different types of accounts
ForexGen has different types of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as 
little as $250, while standard accounts may have a minimum deposit of $1000 to $2500. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.
HOWEVER – beginner traders are advised get accustomed to FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are at provided by most FOREX brokers.
Online ForexGen broker has demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.
little as $250, while standard accounts may have a minimum deposit of $1000 to $2500. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.
HOWEVER – beginner traders are advised get accustomed to FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are at provided by most FOREX brokers.Online ForexGen broker has demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.
ForexGen helps you to get started in Forex trading
You may have been hearing about the foreign exchange market FOREX and the investment advantages it offers. You would like to try it out, but don't know where to start. This short guide will give you the basics in FOREX and tell you what you need to participate in this fast growing field.
Foreign exchange used to be limited to large players such as national banks and multi-national corporations. In the 1980's the rules were revised to allow smaller investors to participate using margin accounts. Margin accounts are the reason why FOREX trading has become so popular. With a 100:1 margin account, you can control $100,000 with a $1,000 investment.
FOREX is not simple, however, and education is needed to make wise investment decisions. Although it is relatively easy to start trading on the FOREX, there are risks involved, so finding out as much as possible about the market is a good move for any beginner.
Thursday, January 1, 2009
How to Trade Both Trend and Range Markets by Single Strategy?
One year later I met an old friend of school days, and he told me something that made me feel like a baby found his mother, a passion of life. Yes, he introduced me the global currency market.
Just like anyone else in the beginning of a long road, I asked my friend about how to trade? He has guide me how to take the courses and I did .one more year has passed and I was still thinking why every time I get into trade using trend based tools, the market turns to a boring range market, the situation of forcing me to close the trades loosing what I earned from last couple of trades and much worse when I use overbought/oversold strategies and the market turns to trend situation. That was my destiny while I've ruined two consecutive accounts like a peace of cake.
After those failures I decided to not open any trading accounts unless I know how to trade both moods of the market and to be an approved Emotionally Controlled Trader. Well, what happened next..? I have a real account now.
Before any specific suggestion, I must do first advice to not to do what I did unless you prove yourself just like last part of my story. Second advice is to avoid complex trading systems. Yes I mean customized complicated experts or trading systems, why? Because the only elements that can take you to gold mine is your understanding of the market behavior and sticking to what the simple indicators say and more importantly the passed license of Emotionally Controlled Trader. Don't go far while a simple Moving Average line next to a simple oscillator like RSI can give you enough signals to make money, but not easily as I say.
Wednesday, February 27, 2008
White Label With Forexgen
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
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
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.
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
- Streamline dealing with no request for quote for up to 200 lots (20 million).
- Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
- Constantly updated real time prices.
- Real time charts with the most common indicators.
- Daily account statement.
- Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
- Streaming news quotes provided by AFX News.
- An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.
Commission is paid out every month.
Individualized service
ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.
White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.
White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.
- A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
- ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
- Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
- ForexGen leverage could be 200:1 on standard accounts.
The margin requirements on all accounts are:
| Account Equity (US Dollars) | Initial Margin | Maintenance Margin end of each weekday | Maintenance Margin on Friday at 23:00 CET & before holidays |
| Less than 25,000 | 0.5% | No minimum required. Accounts are only stopped out at the stop out level. | 0.5% |
| 25,000 to 1,000,000 | 1% | No minimum required. Accounts are only stopped out at the stop out level. | 1% |
| 1,000,000 to 5,000,000 | 2% | 2% | 2% |
| 5,000,000 to 10,000,000 | 3% | 3% | 3% |
| Above 10,000,000 | 5% | 5% | 5% |
Getting Started page
- Send us E-mail for the application and information packet. whitelabel@ForexGen.com
- Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
- Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
- Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month
Favorable trading conditions
- 2 pips spread on six currency pairs.
- Leverage of 200:1 leverage for accounts of up to $1 million US.
- 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.
- The minimum account size is $2,000 US which allows trading of mini-lots.
For full Information and online application, WL program Types.
ForexGen Latest Offer
Dear Valued Client,
ForexGen keeping the New Year special promotion which is 20 % bonus on deposit as result of our clients request to extend this offer for February
It has been a great experience and pleasure working with you throughout this year, which witnessed major achievements in the business of ForexGen.
This has been realized thanks to your valuable support and cooperation
In appreciation of our successful cooperation over the past year, our entire team wishes you Happy Holiday Season to you and to your dear ones. We sincerely hope that 2008 will be a year of accomplishments for your business.
May this festive Season and the coming Year bring you Good Health, Happiness and Prosperity!
In this occasion ForexGen would like to offer you 20% bonus on every deposit you will make till the end of January 2008 as a gift to help you staring your trading activities
For more information about ForexGen current promotions and offers we would like to invite you to attend our webinars which will be held daily every 4 hours
If you are interested to attend one of our webinars please send us a feedback on info@forexgen.com and we will provide you with more information, by attending a webinar you will be entitled for a free gift from ForexGen, please contact us at info@forexgen.com for more details
Accept our best wishes,
ForexGen Marketing Department
www.ForexGen.com
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