Sunday, December 14, 2008

successful broker handling you before starting your trading experience

Forexgen as a successful broker handling you before starting your trading experience, let's take a brief look on different symbols that you may pass across during trading. As we have mentioned before, Forex trading mainly takes place with 5 main currencies: the American Dollar (USD), the European Currency (EUR), the British Pound (GBP), the Japanese Yen (JPY) and finally the Swiss Franc (CHF). The value of any currency all around the world is mainly measured in USD, compared to the other currencies we can get these "Currency Pairs" (USD/CHF, USD/JPY, GBP/USD, EUR/USD). The "Base Currency" is the currency placed on the left of the pair, its value is ALWAYS 1 compared to the other currency.

For example, if we say that “GBP/USD = 1.8200” that means that in order to buy 1 British pound, you will need 1.82 American Dollars. Beside every pair you can also see the “Ask”, “Bid” symbols, the green arrow pointing up refers to increase in price which gives a buying sign. The red arrow pointing down refers to decrease in price which gives a selling sign.

[Partnership With ForexGen]
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 huge income sharing plan.
ForexGen provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

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