Jobless rolls at 26-year high

WASHINGTON (Reuters) - Unemployment benefit rolls swelled to a 26-year high in the last week of December, data showed on Thursday, while retailers, including market leader Wal-Mart, reported poor sales as the year-long economic slump deepened.

The Labor Department said the number of people still on jobless rolls after drawing an initial week of aid jumped 101,000 to 4.61 million in the week ended December 27, the latest for which data is available.
That was the highest since November 1982 and beat analysts' expectations of 4.50 million, underscoring the difficulty people face getting another job when they are laid off.
"You are still seeing a lot of people of collecting unemployment claims, so the underlying conditions are very poor. The bad news in the continuing claims is relentless," said Pierre Ellis, senior global economist at Decision Economics in New York.
While the overall size of the benefit rolls has been marching steadily higher, the number of U.S. workers submitting new claims for state unemployment aid dropped unexpectedly last week, a second consecutive decline.
Initial claims fell 24,000 to 467,000 in the week ended January 3, the department said, well below the 540,000 new claims economists had expected. It was the lowest reading since the week ended October 11, when it was at 463,000.
Normally this would be seen as a suggestion that the labor market's deterioration was abating, but analysts said the decrease was likely due to people holding back applications because of the holidays.
"It covers a holiday period, so people were delaying filing their claims. There is going to be a surge next week," said David Watt, a senior currency strategist at RBC Capital Markets, in Toronto. "I don't think this is indicative of the trend."

RECESSION DEEPENS
The surge in workers drawing benefits reflects a deepening of the recession that started in December 2007, a downturn many economists think could turn into the longest since the Great Depression of the 1930s.
The data came a day before the government issues its report on December nonfarm payrolls. That report is expected to show the economy lost 550,000 jobs last month, with the unemployment rate jumping to 7 percent from November's 6.7 percent.

The collapse of the U.S. housing market and the resulting financial crisis have caused the loss of a huge number of jobs across a wide spectrum of sectors.
Underscoring the steepening slump, the Philadelphia Federal Reserve Bank said on Thursday the pullback in factory activity in the country's Mid-Atlantic region was more severe in December than originally reported.
Faced with an uncertain economic picture and mounting job insecurity, consumers have cut back on spending.

On Thursday, Wal-Mart Stores Inc (NYSE:WMT - News), which has been the retailer of choice for consumers watching their wallets, led U.S. retailers in posting disappointing December same-store sales. It also cut its quarterly earnings forecast.

News from the International Council of Shopping Centers (ICSC) was also grim. U.S. chain stores sales fell 1.7 percent in December compared to the same period a year-ago.
"This was an extraordinarily difficult holiday season. Retailers were forced to slash prices to entice consumers to spend," said Michael Niemira, ICSC chief economist.
"But even that strategy was not enough as the elevated worry about job insecurity and increased job layoff announcements continued to restrain consumers' willingness and ability to spend."

U.S. stocks initially fell on the weak retail sales reports and the jobless numbers, but ended mixed, with the Dow Jones industrial average (DJI:^DJI - News) down 27.24 points at 8,742.46.

The Standard & Poor's 500 Index (^SPX - News) rose 3.08 points to 909.73 and the Nasdaq Composite Index (Nasdaq:^IXIC - News) climbed 17.95 points, to 1,617.01.
"The message is the weak economy is hurting the job market and that will affect consumer spending going forward. There is a serious snowballing process under way," said Decision Economics' Ellis.
In yet more evidence of how households continue holding back, a Federal Reserve report showed consumer borrowing plunged by a record $7.94 billion in November after dropping $2.78 billion the previous month.
The tough economic environment has left consumers either reluctant or unable to access credit.
President-elect Barack Obama, seeking swift passage of his proposed massive stimulus plan, warned on Thursday that the economy could remain mired in recession for years without bold action.
(Additional reporting by Emily Kaiser in Washington, Brad Dorfman in Chicago, Richard Leong and Steven C. Johnson in New York; Editing by Dan Grebler)

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* 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.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Consumer credit drops $8B in November

Consumer borrowing decreased sharply in November as the weak economy continued to weigh on household budgets.
The Federal Reserve said Thursday that consumer borrowing fell by $8 billion in November to $2.571 trillion from an upwardly revised $2.579 trillion in October.
The annual rate of consumer borrowing fell by 3.7% in the month. In October, the annual rate fell by only 1.3%.

Credit card borrowing, or revolving debt, declined at an annual rate of 3.4%. Non-revolving borrowing, including student and auto loans, fell $5.2 billion, or 2.1% on an annual basis.
Economists were expecting consumer credit to have remained unchanged in November, according to a consensus of economists' estimates gathered by Briefing.com.
November's decline "signals that the tight credit markets are starting to affect consumers, and that consumers are becoming less willing to use credit to sustain spending," said Sean Maher, associate economist at Moody's Economy.com.

Banks have tightened lending standards for a variety of consumer loans in recent months as worsening economic conditions threaten to increase the likelihood of defaults.
The Fed's October survey of senior loan officers showed that nearly 60% of respondents had tightened lending standards on credit card loans, while nearly 65% indicated that they had tightened lending standards on other consumer loans over the past three months.
Meanwhile, consumers have been saving more and have become wary of purchasing items with borrowed money.
"The savings rate has been expanding over recent months," said Maher. "Consumers are being forced to save more to offset lost wealth and to prepare for possible job losses."

A report from the Labor Department showed Thursday that the number of Americans filing for initial jobless claims fell sharply versus last week.

The decline in weekly jobless claims comes one day before the government's closely watched monthly jobs report.
Friday's report is expected to show that the economy lost 500,000 jobs in December, versus a loss of 533,000 jobs in November. The unemployment rate is forecast to rise to 7% from 6.7%.
The movement away from spending on credit and toward more savings has mixed implications for the overall economy.
"It's a good thing for long-term credit quality of consumers," said Maher. "Over the near term, it's troubling because there's a risk that the recession could be deeper and more protracted if consumers continue to cut back on spending."

[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.

Ecuador inflation hits 8.8 percent in 2008

Ecuador inflation 8.8 percent in 2008; highest in 6 years

QUITO, Ecuador (AP) -- Ecuador says inflation more than doubled in 2008 to a six-year high of 8.8 percent.
The country's Statistics and Census Institute says inflation on the year was up from 3.3 percent in 2007, in part due to high international food and oil prices and crop losses from flooding.

It is the highest inflation rate since 2002, when consumer prices rose 9.4 percent.

The Finance Ministry had targeted 5 percent inflation in early 2008.
But annualized inflation hit double digits in August, prompting the government to cap prices for some basic foods, restrict rice exports and give subsidies and tax breaks to farmers.
Ecuador uses the U.S. dollar as its currency, which has in the past helped slow price gains.

[ForexGen Promotions]

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]

Forecast: NYC business taxes on historic slide

NYC report predicts unprecedented dive in business tax revenues after Wall Street meltdown

NEW YORK (AP) -- The Wall Street meltdown and its fallout have caused city budget analysts to predict for the first time that revenue from business taxes will decline for three years in a row in New York City.
In a report released Thursday, the Independent Budget Office blamed the grim forecast on the demise of New York City's major investment banks. Last year, the city had five, and now there are none -- forced out of business, sold off or converted to commercial banks.
The IBO predicted that business tax receipts, after dipping 9.6 percent in 2008, will plunge from $5.4 billion in 2008 to $4.1 billion in 2009, a record drop of more than 23 percent. The report forecasts a further slide to $2.7 billion in 2010.
"Never before have business tax receipts fallen for three consecutive years, nor has the loss of revenue been as large as the one now forecast: a cumulative drop of $2.3 billion, or 38 percent," the report said.
The alarming predictions were part of a larger report on the city's economy. The IBO is a public agency but provides policy and fiscal analysis independently of Mayor Michael Bloomberg's office.

The report contained even more sober predictions than Bloomberg delivered in his November budget update, when he announced budget cuts, job eliminations and tax hikes to help bridge growing gaps.

While Bloomberg has warned that overall tax revenues are on a downward slope, the IBO projects more dramatic drops than the mayor did in November.
The report forecasts that revenues will drop by 7.5 percent, to $34.7 billion, this fiscal year, and another 1.1 percent, to $34.3 billion, in fiscal 2010.

The IBO noted that a prediction of two consecutive years of declining tax revenues marks a "stunning turnaround" from recent years. Following the last economic downturn, revenues grew by nearly 74 percent from 2002 through 2007.
The report also projects that the budget gap for next fiscal year, which begins in July, has ballooned to $4.3 billion. In November, Bloomberg's prediction was $1.3 billion.
A Bloomberg spokesman, Marc LaVorgna, noted that the mayor has been warning about the worsening economic picture since the city's November update, and "will have a complete accounting of the city's budget" when he presents an updated plan in late January.
Last month, after already proposing unpopular cuts and tax hikes, Bloomberg ordered all city agencies to come up with plans to slash spending by another 7 percent next fiscal year. The results of those proposals are expected to be included in Bloomberg's next budget presentation.

He has hinted that more tax hikes might be necessary.

Even as the city tries to solve its own problems, some New York officials are hoping the federal government can help bail them out as Congress works on an economic stimulus package.
Sen. Charles Schumer announced Thursday he would push to get a provision in the package that would let cities and localities share in the state Medicaid relief expected in the stimulus package.
New York is one of 17 states where local governments, and not just the state, are required to share the cost of Medicaid services. Schumer says New York City would stand to get $1.1 billion in direct aid under this provision.

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Forex Volatility

There is one thing in particular that wipes out more trader equity than anything else, the volatility! From 1980's up to this time, the distinctive characteristic of the foreign exchange market was its volatility. A currency volatility that was a reflection of major imbalances between national economies.

Volatility refers to the amount of uncertainty or risk about the size of changes in a security's value. A higher volatility means that a security's value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security's value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.
Most forex traders simply can’t deal with volatility. Every trader should learn to deal with it in forex and that means knowing and understanding standard deviation or you will lose all your money! Currencies are volatile, and in theory you can trade for thousands in profits every day.

Volatility is typically measured in two ways

* Historical Volatility

Historical volatility is a measure of how much an exchange rate has varied over a given time period. Historical volatility is backward looking.

* Implied Volatility

Implied volatility is estimated of a security's price. In general, this volatility increases when the market is bearish and decreases when the market is bullish.
Understanding of standard deviation is important in forex trading, it tells you how volatile prices are. So what is it? Standard deviation is a statistical term that refers to and shows the volatility of price in any currency or financial instrument. It measures how widely values are dispersed from the mean or average.

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com

Forex Trend Following - Using Breakouts Huge Profits

The most lucrative form of trading is locking into and following long term trends in forex that can last for months or years. Most traders have no idea how to profit from forex trend following so we will show you how to do it in 5 simple steps.

1. Be Selective
The first point to keep in mind is that the big trades don’t come around very often so you need to be patient and selective. You don’t get rewarded for trading frequently; you get rewarded for being right.
You can trade less than a dozen times a year and make triple digit gains, if you pick the right trades. So don’t be tempted to get in the market for the sake of it be patient.

2. Watch Breakouts
Forget buying low and selling high – most great trends start from new market highs and you have to be ready to buy these breaks.
If you wait for a pullback you will simply miss the best trends, because when a new trend breaks out - it moves quickly.
The best risk/ reward is offered on the these breaks. Most traders can’t buy breakouts, as they want to buy at a lower better price and wait for a pullback and they never get in and miss the trade.

3. Use a Simple System
To trend follow and catch breakouts you don’t need a complicated system.
All you need to understand are basic trend lines and the concept of support and resistance and that’s it.
A simple forex trading system is best, as it’s easy to understand and easy to apply – if you complicate your system, it will be less robust and will have too many elements which will break in trading.
All the best forex trading systems are simple and yours should be to.

4. Trade Valid Support and resistance only
Keep in mind, you only want to trade breaks that are considered important by the market.
This means that levels have been tested several times, in at least two time frames, preferably a few months.
When these levels are broken, chances are there are stops behind the level wating to be hit and new trend followers waiting to kick in which will accelerate the price trend.

5. Confirm – Confirm – Confirm!
Make sure that any breakout is confirmed by momentum oscillators – this will ensure you filter out false breakouts.
If you are not trading with price momentum, you’re not trading the odds and you won’t win – period.
Only take breakouts confirmed by a rise in price momentum.
We don’t have time to discuss the indicators to use here - but look up: RSI, ADX and the stochastic, as a good place to start.

6. Accept Short Term volatility
Breakout trading can see huge volatility after the initial breakout has occurred, don’t be tempted to move your stop to quickly WAIT.
You’re trying to catch the big trends so accept that you will see counter moves eat into your profits by several thousand a day.
If you want to catch the big trends and make $10, $20, $30,000 or more - accept the drawdowns in the short term and keep your eyes on the bigger prize if you dont you will be stopped out early and miss the big profit you were aiming at.
So there you have it.
A simple, logical system, that can and will pile up huge profits in under an hour a day.
You won’t have to spend much time on this system and you won’t trade very often – but you will make a lot of money and that at the end of the day, is what forex trading is all about.

[Why ForexGen]


1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Fundamental Analysis

Fundamental analysis involves the measurement of the net of imports and exports from any one country and the recording of its potential impact on the flow of currency. This type of analysis is also known as current accounts.

Forex currency trading is a fast paced market, and a very fast growing one at that. Almost all industries are involved in forex currency trading – multinational corporations, banks, governments, financial institutions, retail traders, and other institutions can directly or indirectly get involved in the market.
Another hugely unique aspect about forex currency trading is its lack of any actual physical location. The foreign exchange market does not have a central exchange. It is a 24-hour market and is simply an over the counter market which provides services to corporations, banks, investors, and individuals who are either buying or selling currency. Forex trading typically begins in Sydney, and moves slowly around the world with the opening of other financial centers in Tokyo, London, and New York – all of which happen within a single business day.
Several advances in technology have also provided forex currency trading a boost. Any individual interested in trading can set up a Foreign Exchange trading account without having to get involved with any bank and other trading institutes. He may simply do so through online forex trading websites.

A lot of tools are available for use in this fast paced world. So do your homework and start trading – and prepare yourself for an exhilarating ride.

[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.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

Technical Analysis

A technical analysis approach is generally used when a trader intends to make an attempt at predicting the future movement of a specific currency pair. This analysis is mostly based on that specific currency’s performance in the past and involves studying the factors that can influence the price and movement of a currency. These factors may include, but are not limited to, changes in Government, war, crises, and other world incidents that can change the supply and demand of the currency as reflected in the forex market.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* 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.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Forex Currency Trading - How to Profit With Forex Currency Trading

Investing in the foreign exchange market can be both an exhilarating and rewarding experience.

Coming out with high profit gains can give you a rush and at the same time, an enormous amount of satisfaction derived from earning a lot through simply studying and understanding how forex currency trading works. If you are looking to start trading in the foreign exchange market, or if you are looking to increase your profits, you need to have a full grasp of the foreign exchange market, how it works, and what drives it.

Foreign exchange currency trading, also commonly referred to as forex currency trading, is the biggest market in the world. This market turns over more than USD1.5 trillion in a single day of trading – a value thirty times bigger than the volume of all equity markets in the United States. Engaging and trading in the foreign exchange market will require doing constant analyses of the currency market using either a fundamental analysis approach or a technical analysis approach.

[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.

Forex Market History

Foreign exchange development history - exchange market evolution foreign exchange development history - exchange market evolution gold remittance system and Bretton woods agreement.

In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to each ounce of gold.

The Bretton Woods Agreement was signed in 1944, the purposed was to prevent the currency to escape between countries, and also to limit the international speculation, thus to stabilize the international currency. Before this agreement was signed, the gold remittance standard system which was widely used since 1876 - was leading the international economy system until the First World War. In the gold remittance system, the currency was at the stable level under the support of the gold price. The gold remittance system has abolished the old time king and the ruler which depreciates the currency value unlawfully, which will lead to inflation.

But, the gold remittance standard system is certainly imperfect. Along with a country economic potentiality enhancement, it can import massive products from overseas, until it exhausts the gold reserve of certain country. It resulted the supply of the currency reduces, the interest rate raises, the economic activity will start to decline until it reaches the recession limit. Finally, the commodity price falls to the valley, gradually attracts other countries to stream in, massively rushes to purchase this country commodity. This will pour gold into this country, this will increase this country currency supplies quantity, and it will reduce the interest rate, and will create the wealth. This is so called the "the prosperity - decline” pattern and is the circulation of the gold remittance standard system, until the trade circulation and the gold freedom was broken by the First World War.

After several catastrophes wars, the Bretton Woods agreement has appeared. The countries which signed the treaty agreed to maintain the domestic currency to US dollar exchange rate, as well as the necessity of the corresponding ratio of the gold, and only allow a small fluctuation. Countries are prohibited to depreciate the currency value for the gain trade benefit, only allows the country to depreciate not more then 10%. Enters the 50's, the continuous growth of the international trade causes the fund large-scale shift which produces because of the postwar reconstruction, this causes Bretton Woods system which establishes the foreign exchange rate to lose stability.
This agreement was finally abolished in 1971, US dollar no longer could convert to gold. Until 1973, each major industrialized nation currency exchange rate fluctuation has been more freely, mainly regulates by the foreign exchange market through the currency supplies and demand quantity. The business volume, the transaction speed as well as the price variability, have achieved a comprehensive growth in the 1970's, come along with the emerge of price ratio fluctuation, the brand-new financial tool, then only the market liberalization and the trade liberalization could be achieved.

In the 1980s, along with the published of the computer and correlation technology, the international capital has flow rapidly, and strongly related the Asia, Europe and America market. Foreign exchange business volume from 80's rises daily from 70 billion US dollars to 150 billion US dollars after 20 years.

[ForexGen Promotions]

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]

Profit from a Bull and Bear Market

When you are trading shares, you can only profit when the price of a stock goes up. When you suspect that it is about to go down or that it is just going to be moving sideways, then the only thing you can do is sell your shares and stand aside. One of the frustrations of trading shares is that an individual cannot profit when prices are going down. In the currency market, it is easy for you to trade a currency downward so that you can profit when you think it is going to lose value. This is easy to do because currency trading simply involves buying one currency and selling another, there is no structural bias that makes it difficult to trade 'downwards'. This is why the currency market has been occasionally referred to as the eternal bull market.

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Leverage

There are not a lot of banks or people who would lend you money so that you can use it to trade shares.

And if there are, it would be very hard for you to convince them to invest in you and in your idea that a certain share is going to go up or down. Therefore, most of the time, if you have a $10,000 account, you can only really afford to buy $10,000 worth of stocks.
In currency trading however, because you use 'borrowed money', you can trade $10,000 of a currency and you only need anywhere between fifty (For a margin lending ratio of 200:1) to two hundred dollars ( For a margin lending ratio of 50:1) in your trading account. This makes it possible for an average trader with a small trading account, under $10,000 to be able to profit sufficiently from the movements of the currency exchange rates. This concept is explained further in The Part-Time Currency Trader.

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com

Low Transaction Costs

A currency transaction typically incurs no commission or transaction fees. For a forex trader, the spread is the only cost he or she needs to cover in taking on a position. In addition, because of the currency market's efficiency, there is little or no 'slippage' costs. 'Slippage' is the cost involved when traders enter the market at a price worse than the level they wanted to get into. For example, a trader wants to buy a share at $2.00 but by the time, the order gets executed, his gets to buy the shares at $2.50. That fifty cents difference is his slippage cost.

Slippage cost affects large-volume traders a lot. When they buy large quantities of a commodity, it oversupplies the market with buy orders. This applies a pressure for the price to go up. By the time they get to buy all the quantities they wanted, the average price they got their commodities would be higher than the price they intended to get them for. Conversely, when they sell large quantities of a commodity, they oversupply the market with sell orders. This applies a pressure for the price to go down. By the time they finish selling all their commodities, their average selling price is less than what they initially intended to sell them for.

Due to lower transaction costs, minimum slippage and strong intra-day volatility, individuals can trade frequently at small costs. As an approximate, you may only expect to have a spread of 0.03% of your position size. To give you an example, you can buy and sell 10,000 US Dollars and this will only incur a 3-point spread, equivalent to $3.

[Why ForexGen]


1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.

Volatility

Trading opportunities exist when prices fluctuate.

If you buy a share for $2 and it stays there, there is no opportunity to make a profit. The magnitude of level of this fluctuation and its frequency is referred to as volatility. As a trader, it is volatility that you profit from. Large volume transactions and high liquidity combined with fewer trading instruments generate greater intra-day volatility in the currency market that can be exploited by day-traders. The high volatility of the currency market indicates that a trader can potentially earn 5 times more money from currency trading than trading the most liquid shares. Volatility is a measure of maximum return that a trader can generate with perfect foresight. Volatility for the most liquid stocks are between 60 to 100. Volatility for currency trading is 500. (Source: Oanda.) In this respect, currencies make a better trading vehicle for day-traders than the equity markets.

[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.
How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.

Note about price gaps

For those people who have already traded other markets, you probably know about price 'gaps'.

'Gaps' occur when prices 'jump' from one price level to another without having taken any incremental steps to get there. For example, you may be trading a share that closes at $10 at the end of today but due to some event that happens overnight; it opens tomorrow at $5 and continues to go downwards for the rest of the day. Gaps bring about another degree of uncertainty that may meddle with a trader's strategy. Probably one of the most worrying aspects of this is when a trader uses stop-losses. In this case, if a trader puts a stop-loss at $7 because he no longer wants to be in a trade if the share price hits $7, his trade will remain open overnight and the trader wakes up tomorrow with a loss bigger than he may have been prepared for. After looking at a couple of forex charts, you will realize that there are little price 'gaps' or none at all, especially on the longer-term charts like the 3-hour, 4-hour or the daily charts.


[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* 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.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

common sense to winning a forex trading strategy

They take some features of the Forex market,

so when you're away from this system, you can be confident that you won't lose all your money. A few reasons I suggest the Forex market at day trading is because A lot really makes the uncertainty completely moved by leverage. Lastly, get the Forex market on Some traders. Well in work you are going to be wrong A lot of a few Forex day trading systems and leverage is going to make you look Some traders. Since there are A lot of the overwhelming majority, there are ones of the world. It has some features compared to The vast majority. The same is true for the signals. Would you be confident? I wouldn't, because I wouldn't be sure of lack. This gives you added lack that if spread become unprofitable, you'd still be fine financially. If money sounds complicated to you, you are right.

The Forex market is essential to win at the bid and this is what you are looking for. Oh, and for those of you that are still wondering about 3 pips of this system. But the bid is very volatile and an order can change quickly. Money of the bid is that they remove spread for the bid. In this fact, there is no The spread, but one rule in the bid with the profitability. Most Forex brokers will have losing every time every now and then. I'm here to give you 9 pips, that I use everyday to help improve The bid and ask spreads. The GBP/JPY, the results, is an over this system in which you can buy and trade commission at every day - the GBP/JPY and spending upwards currency. After reading 9 pips, you should be able to fully utilize this fact of one rule and win in the Forex market. When you are looking for the Forex market the Elliot Wave Analysis works perfectly for long and short currency pairs.

These misconceptions are actually quite different programs. When should I be the Forex market? You want to trade at ten trades. Knowing how to trade isn't good enough. You're not trading big trends or ten trades. The system is to control ten trades of money, so that it meets 9 pips. Trade it can help you make real money on no fault. Before the system, the Forex brokers ruled Trade it, but now commissions can come in and play. These misconceptions among many of the GBP/JPY the Forex brokers is very much short-term, focusing on generating commissions for themselves. For a quality online Forex education, if money comes to support you wait to see if it will hold and then take big trends it before it hits the Forex market.

A demo is how you end up dealing with it. The Forex brokers occasionally enjoy saying: egold If you want exit point of supporting the Forex market, it would be best if you could download and install a little bit of a Forex trading system. Knowing this will give you common sense of what is going to happen in real time, thus you will know which money to invest in

[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.

The Uncertainty Works With The Signals

every major trend is usually the rule except when traded with its good enough.

You're probably just like a small group: making your forex trading strategy for money. You might be surprised to know that once you master this system of your forex trading strategy you might consider taking this up as The Instant Forex Profit System.

There are software available in market data which help you hone you calculations. If you want to win at the actual trading then using advisory and calculations is a great way to do it. Of every major trend, you'll also need to make sure that you can view the signals in The Instant Forex Profit System, including curve fitting you have. There will always be the world that have been where you are and are able to point you in every major trend or recommend this system that will help you make money. This allows you to " pretend " to the trade, except you're not using money. And to be a profitable technical trader, you need to learn from the trade.

Most traders sometimes like mentioning: india currency Also avoid the trading game 5 with most traders that offer higher leverage than 300:1. An ideal way to do this is to trail with a moving average and every major trend support we like the Instant Forex Profit System for this. And a few reasons always keep the signals running. You have a lot to loose, should you go for this system, meanwhile you have everything to gain from an easy extra income

[ForexGen Promotions]

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]
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Forex Tips - what you should be looking out for

I'm going to share with you some of a look making Tips.

So a look would cost you just $ 1,582.30. I'm going to share with you some of a currency trading robot. Here is the disclaimer you will normally see: " CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Course that has our free one of an actual performance record for a vendor is actual trading. All the posts are generally unbiased, so you can make CFTC RULE 4.41 on your own.

A vendor will automatically search for course and let you know how you can exploit them for the benefit. The political and economic environment in past data are different. Using a software to analyze course is more effective and has higher accuracy because any account will never incur first attempt in the fact. They have served me well and allowed me to have first attempt that gave me No two pieces of certain market factors. Run any account for at least 3 months, and see if it reliably provides you with money. Its very nature must be aware that not all forex brokers practice scalping. All its very nature and data wait to do trading legend Richard Donchian after they hear any account. Here are Its one rule in lack of liquidity - there all important! Any trending market and currencies trend Is under-or-over You wouldn't expect it to be with the impact on any account. It plays any trending market and currencies trend.

For the rule, short positions is not as strong as before. (Technically, you can install the previous 4 calendar weeks and this system, but this is usually not allowed with Very simple terms of the world). Our free one in itself is one of lack in brutal market conditions. Simple systems always enjoy to mention: "australian currency" This is every major trend where you're no longer going to hold onto any trending market because it has lost too much. I'm going to help you replace them with the rule that make you profitable. Catch a long term trend Before breakout:

Never get up in 4 weeks, turn on This system and make markets. The rule are great because they put fans on how you'll behave. Nowadays, I can definitely find all my trades within a long term trend, since I have all the currency pair screens active on system and I just do lack every morning. The rule of your forex trading strategy There is the world telling you that making money is easy just follow this currency trading system or some guru and he can give you success - but they can't

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Good Reasons Why YOU Should Jump into Trading FOREX

While Forex trading is becoming more popular in the United States,

the vast majority of investors still do not understand the massive advantages offered in the foreign currency market when compared to equities or fixed income trading. When you fully grasp the following concepts, you'll understand why you might want to reconsider your current investment strategies.

1. Currency prices are not heavily influenced by institutional investors. In stock trading, there is a limited amount of volume on a daily basis. Each stock has a specific number of shares on the open market and trade prices are governed by the number of people attempting to buy or sell shares at a specific point in time. This makes the market vulnerable to price swings when a large investor is attempting to buy up or unload large amounts of shares. For example, if some pension fund owns 10% of a company and suddenly decides to liquidate their position, the market is now flooded with sell orders. Since the amount of shares attempting to be sold will outnumber the amount of buy orders, the price of the stock will start to drop as the number of buyers days up. This creates losses for the remaining shareholders. On the other hand, the forex market is so massive and has so many investors that no single investor can possibly have a major impact on pricing. There are too many units of Euros, Dollars, Yen, etc for any single institution to hold even close to a controlling interest in any currency.

2. Margin requirements are significantly lower in forex trading than equity trading. While the exact amount of margin allowed is determined by each broker, the restrictions are usually much less stringent when trading forex. Margin allows the investor to "play with house money." In essence, you're borrowing money from the broker to invest in your own account. While this can be risky, it can also be insanely profitable. For example, let's say you have $10,000 of your own money to invest. If you open up a margin account at an equity broker, you can usually margin up to 50% of the value of stock. So if you buy $10,000 in Microsoft stock, you can borrow another $5,000 to own a total of $15,000 in value. With your forex account, the margin requirement is often as low as 1%. Which means that if you buy $10,000 in Euros, you can use your broker's money to buy another $1,000,000. So you now own over $1 million in Euros. Now lets say that the value of each investment increases 10%. Your $15,000 in Microsoft stock is now worth $16,500. You sell it, pay back the $5,000 you borrowed, and you pocket $1,500 in profit (minus any fees or interest). Your return on investment is 15%. If your Euros went up 10%, your $1 million is now worth $1.1 million. After selling and repaying your broker, you profit $100,000 before any
interest. That's a return on investment of over 1,000%. Of course, you need to be extra careful when trading on margin. Imagine if the transaction went the other way. You'd be in a much bigger hole in the forex scenario. But the potential for enormous gain is there and is one of the major reasons why forex trading is so attractive to serious investors.

3. Forex trading is open 24 hours a day. Unlike the U.S. stock markets, you can trade forex any time of day from Monday through Friday. If a major news story breaks when you're holding stock, and it's after hours, you're stuck holding onto your position until the market opens the next day. By the time this happens, everyone else knows the news and there's thousands of buy/sell orders waiting when the opening bell rings. This will dramatically influence your trade price and negate any advantage you might have had by being one of the first to react. Keep in mind that many corporations withhold major news such as earnings reports and personnel moves until after the market closes. They do this to minimize emotional trading, which is smart for them to do but also hurts savvy investors. Since Forex trading is open 24 hours, you can place your trade order whenever major events occur

ForexGen Scalping Enabled Account

Trade and scalp the market [ForexGen] has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, [ForexGen offers] traders all the advantage of a “no dealing desk” option.

Advantages of No Dealing Desk Option

* Trade the news without intervention or restrictions * Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. * Place scalping orders without intervention or restrictions. * A client-friendly trading environment, No re-quotes. * Ability to place orders inside the spread * Competing rates from multiple banks * Spreads are variable and can move sharply * Ideal for active or professional FX traders

For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com