Can I trade from home? | ForexGen

Trade With ForexGen

from anywhere If you like to travel, this is a dream business.

Take your laptop with you

and you can trade the FOREX and make money anywhere in the world where you have an internet connection.

You can be on the white-sand beaches of Guadeloupe (My country).

You have total freedom of location.

FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets.

The FX market is considered

an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Protect Your Self

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 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.
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.
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.
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.

Types of Trading Analysis

There are 2 types of analysis you can take when approaching the forex: Fundamental analysis and Technical analysis. There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both.
Fundamental analysis:
Fundamental analysis is a method used to evaluate the worth of a security by studying the financial data of the issuer. It scrutinizes the issuer’s income and expenses, assets and liabilities, management, and position in its industry. In other words, it focuses on the “basics” of the business.

Technical analysis

Technical analysis is a method used to evaluate the worth of a security by studying market statistics. Unlike fundamental analysis, technical analysis disregards an issuer’s financial statements. Instead, it relies upon market trends to ascertain investor sentiment to predict how a security will perform.If you want to use technical analysis to help you make an investment decision, you will refer to financial charts, tables and ratios found in the financial press.
Technical analysis can be conditionally divided into some main parts such as:
Types of charts.
Graphical methods.
Analytical methods.
Technical indicators.

What is a Candlestick?

While we briefly covered candlestick charts in the previous lesson, we’ll now dig in a little and discuss them more in detail.
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 90.
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 Terms

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.

ForexGen Putting It All Together

In a perfect world, we could take just one of these indicators and trade strictly by what that indicator told us. The problem is that we DON’T live in a perfect world, and each of these indicators has imperfections. That is why many traders combine different indicators together so that they can “screen” each other.
We urge you to study each indicator on its own until you know EXACTLY how it reacts to price movement, and then come up with your own combination that fits your trading style. Later on in the course, we will show you a system that combines different indicators to give you an idea of how they can compliment each other.

Putting It All Together With ForexGen

Bollinger Bands
Used to measure the market’s volatility.
They act like mini support and resistance levels.
Bollinger Bounce.
A strategy that relies on the notion that price tends to always return to the middle of the Bollinger Bands.
You buy when the price hits the lower Bollinger band.
Bollinger Squeeze
A strategy that is used to catch breakouts early.
When the Bollinger bands “squeeze” the price, it means that the market is very quiet, and a breakout is eminent

ForexGen`s MACD

Used to catch trends early and can also help us spot trend reversals .
It consists of 2 moving averages (1 fast, 1 slow) and vertical lines called a histogram, which measures the distance between the 2 moving averages.
Contrary to what many people think, the moving average lines are NOT moving averages of the price. They are moving averages of other moving averages.
MACD’s downfall is its lag because it uses so many moving averages.
One way to use MACD is to wait for the fast line to “cross over” or “cross under” .

ForexGen`s Parabolic SAR

This indicator is made to spot trend reversals; hence the name Parabolic Stop And Reversal (SAR)

This indicator is made to spot trend reversals; hence the name Parabolic Stop And Reversal (SAR)

This is the easiest indicator to interpret because it only gives bullish and bearish signals.

When the dots are above the candles, it is a sell signal.

When the dots are below the candles, it is a buy signal.
This is the easiest indicator to interpret because it only gives bullish and bearish signals.
When the dots are above the candles, it is a sell signal.
When the dots are below the candles, it is a buy signal.

ForexGen`s Parabolic SAR

This indicator is made to spot trend reversals; hence the name Parabolic Stop And Reversal (SAR)

This is the easiest indicator to interpret because it only gives bullish and bearish signals.
When the dots are above the candles, it is a sell signal.
When the dots are below the candles, it is a buy signal.
These are best used in trending markets

ForexGen`s Parabolic SAR

This indicator is made to spot trend reversals; hence the name Parabolic Stop And Reversal (SAR)
This is the easiest indicator to interpret because it only gives bullish and bearish signals.
When the dots are above the candles, it is a sell signal.
When the dots are below the candles, it is a buy signal.

Relative Strength Index (RSI)

Relative Strength Index, or RSI mean
A technical indicator used to compare the magnitude of recent gains to recent losses to determine overbought and oversold conditions in the market. . It can be calculated using the this formula:
RSI=100100- 1+rs
readings below 20 refer to oversold, while readings over 80 indicate overbought. the RSI ranges from 0 to 100
The RSI is best used as a valuable complement to other stock-picking tools. Relative Strength Index, or RSI, is like the stochastic in that it means overbought and oversold conditions in the market.
RSI is a famous tool because it can be used to indicate the trend formations. When you find a trend is forming, you can take a look at the RSI and look at if it is up or under 50.

Stochastics

A stochastic is an oscillator that will help us measure the overbought and oversold conditions in the market .The Stochastic is an another indicator to help us to know where a trend will be ending.
The Stochastic are scaled from 0 to 100.The stochastic tells us when the market is overbought or oversold.When the stochastic lines are under 30 (the green line), it means that the market is oversold ,When the stochastic lines are up 70 (the red line in the chart) it means the market is overbought.
Stochastics are another indicators used to helps us to determine where a trend will be ending.A stochastic is an oscillator that measures overbought and oversold conditions in the market.
HOW TO APPLY STOCHASTICSThe stochastics let us know when the market is overbought or oversold. When the stochastic lines are under 30 (the green line) ,it means that the market is oversold but When the stochastic lines are up 70 (the red line), it means that the market is oversold

MACD

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.
MACD crossover is a signal to buy or sellre are 2 moving averages with different speed, the faster will be quicker to react to price movement than the slower.
THR MACD STILL ONE OF THE MOST FAMOUS TYPES USED BY MANY TRADERS

What is the truth with ForexGen?

Unlike centralized exchanges (e.g. NYSE, AMEX, CBOE, and etc.), OTC item prices settle upon agreement of two private parties, unregulated. The Forex brokers understand this and exploit it for profit.These bucket shops trade against the clients, i.e. they serve as market makers and more often than not take the other side of trades against clients. They understand statistically that most financial market traders perform with negative expectancies, hence making trading against a losing crowd profitable business. This aslo explains why they target and welcome financial industry newbies so much.What about the ones smart enough to eventually trade profitably? These brokers operate to preserve capital, and they resort to whatever means available and prevent consistent winnings off any client. Software disconnects, lagging/fraudulent price quotes, unfilled orders, or simply account banning have become some, certainly not all, common bucket-shop practices.The above explains why most Forex brokers have incentives for clients to lose, and hence not legitimate. It has given Foreign Exchange trading a bad name, though it can become lucrative still, just not through the typical bucket-shops.

Forex Hedge Funds with ForexGen

Hedge funds gained their popularity in the U.S. but foreign markets are starting to catch on to the idea. Hedge funds are known for their secrecy and exemption from regulatory rules. This investment vehicle moving overseas only makes it more attractive. There are however a few concerns when thinking about FOREX hedge funds.Even less regulatory oversightLess legal protection against lossesFor now mostly meant to attract U.S. investorsStill relatively new and untestedThis is not meant to completely discourage FOREX hedge fund investing but to make you aware of the potential risks involved. Hedge funds typically require hundreds of thousands of dollars in initial investments and that would be no small loss in a new trend scam if that’s what your first FOREX hedge fund investment turned out to be. Read more…

Trend Analysis and The Forex Market with ForexGen

Trend analysis is an indispensable function of the successful Forex trader. Just like a good mechanic or carpenter, having the right tools in your toolbox will make all the difference in your ability to break down trends and trade in the direction of established trends. Following are some essential Forex trend analysis tools to include in your toolbox: Mark the trends using trend linesUsing multiple chart compressions, decide on the overall direction.Use moving averages to distinguish trend direction. Read more…

Manage Risk Profile with ForexGen

The second consideration is your personal risk profile. Are you an aggressive trader or a conservative trader? This is important form the aspect of forex education because you will not be able to fit into day trading forex if you are a conservative trader who is not looking for multiple trades a day. On the contrary, the aggressive trader will like to be proficient in day trading and learning how to trade as a forex day trader will be suitable for him. By knowing your own risk profile, you will be able to start in the correct direction finding a mentor or a trading course that is suitable for your own needs. Read more…

ForexGen Trading Platform

ForexGen Trading Platform

What has a forex trading platform to do with your forex education? Plenty! For one, the forex trading platform must be suitable to your trading methodology. This is because you will need the trading indicators in your charting interface of your trading platform. In learning to trade, you will need a suitable trading platform that contains the trading indicators you need to implement in the trading methodology. At the same time, you will need to practise your trading

Gaining Experience in Trading with ForexGen

Gaining Experience in Trading with ForexGen

Here is one secret that can shorten your learning curve as a forex trader. Get yourself a trade simulator and practise your trading methodology repeatedly till you are consistently profitable before you trade. Practice makes perfect, and you can pick up years of experience as a forex trader within weeks on a trade simulator with a large database of price movements. Read more…ForexGen Mini Forex Trading AccountFor the beginner trader, the use of a mini forex trading account will greatly reduce his risk as he puts into practise whatever he has learnt in forex trading. A mini forex trading account possesses more leverage and a trader can start to trade with very low capital, and therefore reduced risk. In that way, he can start to maintain discipline in trading without worrying too much on losing a big sum of money.On the basis of these guidelines, it is possible for a person to craft or design an initial plan to acquire personal forex training and education so that he can become a professional or private forex trader.For more information please contact us at www.forexgen.com