Patterns Recognizer
Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.
Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.
Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next.
learn more through http://www.forexgen.com
Friday, May 2, 2008
Pair’s Hedging Detector
Pair’s Hedging Detector
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces every day. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
learn more through http://www.forexgen.com
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces every day. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
learn more through http://www.forexgen.com
Pivot Calculator
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through http://www.forexgen.com
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through http://www.forexgen.com
Pip Value Calculator
Pip value constantly changes according to the market currency price for indirect currency pairs.
Kindly enter the current value of the bid/ask of your desired pair in the price box then press retrieve button to get the pair pip value in dollar
Instructions
You may input any prices you need in the second column of the table. If you are using non-standard lots, you may input the size of your lot in the bottom cell.
Other currencies with same USD pip value EUR/USD GBP/USD, AUD/USD USD/JPY EUR/JPY, GBP/JPY, AUD/JPY USD/CHF EUR/CHF, and GBP/CHF USD/CAD EUR/CAD
Quick Review
Pip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).
Lot or Contract is the standard unit of trading on certain exchange.
learn more through http://www.forexgen.com
Kindly enter the current value of the bid/ask of your desired pair in the price box then press retrieve button to get the pair pip value in dollar
Instructions
You may input any prices you need in the second column of the table. If you are using non-standard lots, you may input the size of your lot in the bottom cell.
Other currencies with same USD pip value EUR/USD GBP/USD, AUD/USD USD/JPY EUR/JPY, GBP/JPY, AUD/JPY USD/CHF EUR/CHF, and GBP/CHF USD/CAD EUR/CAD
Quick Review
Pip (or Points) is a term used in Forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).
Lot or Contract is the standard unit of trading on certain exchange.
learn more through http://www.forexgen.com
Strategy tester
Strategy tester
will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.
The strategy tester uses the following two components to carry out its process.
Validator
- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.
Verifier
- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance.
learn more through http://www.forexgen.com
will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.
The strategy tester uses the following two components to carry out its process.
Validator
- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.
Verifier
- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance.
learn more through http://www.forexgen.com
Trading Optimizer
Trading Optimizer
The Trading Optimizer's main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which is based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.
•The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history.
In the following screen traders select the desired optimization type:
- Fixed open variable closes
- Variable opens fixed close
- Variable opens variable closes
In the following screen traders selects the desired currency pairs to create all their possible combinations.
The following screen enables traders to select the desired collections of pair’s combination.
The following screen will show all the possible orders’ directions according to the determined combination size.
In the following screen the determined directions will be applied on the pairs’ combinations.
In the following screen traders will select the desired combinations to be optimized.
In the following screen the combinations’ profitability will be represented graphically on the chart.
In the following screen the combinations’ profitability will be represented graphically on the chart
learn more through http://www.forexgen.com/
Forexgen Purpose
Forexgen Purpose
• By going through all previous points, ForexGen reached to some certain findings that aim to give traders the possibility to participate in the Forex industry with potentials in actually gaining money form the market and not often losing, this can be done by introducing the concept of “Automated Trading System”.
• The goal of building this system is to replace the human involvement in trading and relieve the individual trader from the emotional, physical and psychological stresses of manual trading and the tedious monitoring responsibilities of running an expert advisor on a platform.
• The system offers huge capabilities for any kind of trader, it does not really matter if traders have an intensive experience and knowledge in the Forex markets or without any knowledge at all, the system will always tune it self to adapt traders who uses it, offering trading features far in excess of what human traders are capable of.
• The system offers traders an opportunity to trade the world currency markets 24 hours a day 5 days a week initiating trades on traders behalf according to the trader's selected strategies in the signal entry and positions management, Utilizing an advanced and -state of the art- trading strategies that determines exactly where to buy and sell and how to maintain the opened positions.
Visit us at:
www. Forexgen.com
• By going through all previous points, ForexGen reached to some certain findings that aim to give traders the possibility to participate in the Forex industry with potentials in actually gaining money form the market and not often losing, this can be done by introducing the concept of “Automated Trading System”.
• The goal of building this system is to replace the human involvement in trading and relieve the individual trader from the emotional, physical and psychological stresses of manual trading and the tedious monitoring responsibilities of running an expert advisor on a platform.
• The system offers huge capabilities for any kind of trader, it does not really matter if traders have an intensive experience and knowledge in the Forex markets or without any knowledge at all, the system will always tune it self to adapt traders who uses it, offering trading features far in excess of what human traders are capable of.
• The system offers traders an opportunity to trade the world currency markets 24 hours a day 5 days a week initiating trades on traders behalf according to the trader's selected strategies in the signal entry and positions management, Utilizing an advanced and -state of the art- trading strategies that determines exactly where to buy and sell and how to maintain the opened positions.
Visit us at:
www. Forexgen.com
LEVERAGE:
LEVERAGE:
The ability to control large amounts of currency/commodity with a comparatively small amount of capital.
Visit us at: www. Forexgen.com
Visit us at: www. Forexgen.com
INTRODUCING BROKER (IB):
INTRODUCING BROKER (IB):
A person or organization that solicits or accepts orders to buy or sell futures contracts or forex but does not accept money or other assets from the customers to support such orders.
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FUTURES CONTRACT:
FUTURES CONTRACT: A futures contract is a legally binding standardized agreement made to buy or sell a commodity or financial instrument sometime in the future. Fx (see Foreign Exchange Market)
GTC (Good Till Cancelled):An order left with a Dealer to buy or sell at a fixed price. The order remains standing until it is cancelled by the client.
HEDGING: The practice of undertaking an investment activity in order to protect against loss in another. An example of this is selling short to nullify a previous purchase, or buying long to offset a previous short sale.
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www. Forexgen.com
GTC (Good Till Cancelled):An order left with a Dealer to buy or sell at a fixed price. The order remains standing until it is cancelled by the client.
HEDGING: The practice of undertaking an investment activity in order to protect against loss in another. An example of this is selling short to nullify a previous purchase, or buying long to offset a previous short sale.
Visit us at:
www. Forexgen.com
Deposit Funds
Deposit Funds
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments. For full details about funding procedures and options kindly click here.
Please note that during the weekends and official holidays, wire transfers may be delayed.
Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number. ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
Visit our site at:
www.forexgen.com
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments. For full details about funding procedures and options kindly click here.
Please note that during the weekends and official holidays, wire transfers may be delayed.
Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number. ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
Visit our site at:
www.forexgen.com
Forexgen Academy:
Forexgen Academy:
BASE CURRENCYThe currency in which an investor keeps his book of accounts. In the Forex market, the US dollar is normally considered the base currency for quotes. Exceptions are British Pound, Euro, and Australian Dollar. BEAR: A person who thinks that market prices will declineBERAR MARKET: A market that is characterized by declining prices. BID RATE: The rate at which traders can currently sell a particular currency. BID/ASK SPREAD: The difference between the Bid and the Ask price, and the most widely used measure of market liquidity. Narrow spreads usually signify high liquidity. BROKER: An individual or a company that handles investors' orders to buy and sell currencies. Some brokers charge commission for this service. BULL: A person who thinks that market prices will rise. BULL MARKET: A market that is characterized by rising prices.
CABLE: A slang used among traders to indicate GBP/USD exchange rate.CALL RATE: Overnight inter-bank interest rate. CANDLESTICK CHART: A type of trading chart that consists of four major prices: high, low, open and close. The body of the candlestick bar is formed by the opening and closing prices. To indicate that the opening is higher than closing, the body of the bar is left blank. If the instrument closes below its opening, the body is filled.
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www.forexgen.com
BASE CURRENCYThe currency in which an investor keeps his book of accounts. In the Forex market, the US dollar is normally considered the base currency for quotes. Exceptions are British Pound, Euro, and Australian Dollar. BEAR: A person who thinks that market prices will declineBERAR MARKET: A market that is characterized by declining prices. BID RATE: The rate at which traders can currently sell a particular currency. BID/ASK SPREAD: The difference between the Bid and the Ask price, and the most widely used measure of market liquidity. Narrow spreads usually signify high liquidity. BROKER: An individual or a company that handles investors' orders to buy and sell currencies. Some brokers charge commission for this service. BULL: A person who thinks that market prices will rise. BULL MARKET: A market that is characterized by rising prices.
CABLE: A slang used among traders to indicate GBP/USD exchange rate.CALL RATE: Overnight inter-bank interest rate. CANDLESTICK CHART: A type of trading chart that consists of four major prices: high, low, open and close. The body of the candlestick bar is formed by the opening and closing prices. To indicate that the opening is higher than closing, the body of the bar is left blank. If the instrument closes below its opening, the body is filled.
Visit our site at:
www.forexgen.com
Wednesday, April 30, 2008
Privacy Policy
Your privacy is important to us, and we know it's important to you. ForexGen respects each individual's right to privacy and is committed to safeguarding your privacy over the Internet. The Website Privacy Policy applies to your general use and browsing of the ForexGen Website; if you use our services please read Services Privacy Policy for information collection and use policies. The provisions of this notice apply to former customers as well as our current customers. This privacy policy statement is for you to understand how your personal information and other information at ForexGen will be treated as you use our Website.
The essence of our privacy policy can be captured by the following:
We will never share your personal information without your permission.
Aggregate demographic or statistical information that is not personally identifiable may be collected and shared at the discretion of ForexGen.
The following ForexGen Privacy Policy for the Website describes:
1. The types of information ForexGen collects from organizations or individuals that visit the ForexGen website
2. When and how ForexGen collects the information
3. Information about partner and advertiser Websites not controlled by ForexGen
4. The security of information controlled and maintained by ForexGen
5. Federal and international laws governing the ForexGen Website
6. Changes that may be made to this policy learn more through http://www.forexgen.com
The essence of our privacy policy can be captured by the following:
We will never share your personal information without your permission.
Aggregate demographic or statistical information that is not personally identifiable may be collected and shared at the discretion of ForexGen.
The following ForexGen Privacy Policy for the Website describes:
1. The types of information ForexGen collects from organizations or individuals that visit the ForexGen website
2. When and how ForexGen collects the information
3. Information about partner and advertiser Websites not controlled by ForexGen
4. The security of information controlled and maintained by ForexGen
5. Federal and international laws governing the ForexGen Website
6. Changes that may be made to this policy learn more through http://www.forexgen.com
Market Watch
The Market Watch window is a floating palette. It has the ability to be dragged anywhere on the screen. The Market Watch window which is also called the Quotes Window shows the current prices of the traded currency pairs and the currency market news in the currency market. It also permits quick dealing with any currency pair.
The Market Watch window item can be accessed using the menu items View > Market Watch or by pressing the Ctrl + M key combination. In addition, the Market Watch button on the toolbar allows showing or hiding the Market Watch window.
The trader can start trading just by double click the desired vehicle and the Order Form will be opened. The Order Form can also be accessed by right-clicking the desired currency pair then selecting New Order.
learn more through http://www.forexgen.com/
Forexgen Broker
The main participants in forex market can be divided into the following types: banks, some commercial companies and some foreign currency brokers.
Broker is the intermediary who helps you access to foreign exchange (forex). Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and research approaches designed to improve client forex trading performance.
Choosing a Broker
There are many forex brokers to choose from, just as in any other market. Here are some things to look for:
Low Spreads - The spread, calculated in "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Forex brokers don't charge a commission, so this difference is how they make money. In comparing brokers, you will find that the difference in spreads in forex is as great as the difference in commissions in the stock arena.
Bottom line: Lower spreads save you money!
Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need o provide). Also, forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You can find this and other financial information and statistics about a forex brokerage on its website or on the website of its parent company.
Bottom line: Make sure your broker is backed by a reliable institution!
Extensive Tools and Research - Forex brokers offer many different trading platforms for their clients - just like brokers in other markets. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems. Before committing to any broker, be sure to request free trials to test different trading platforms. Brokers usually also provide technical and fundamental commentaries, economic calendars and other research.
Bottom line: Find a broker who will give you what you need to succeed!
Wide Range of Leverage Options - Leverage is necessary in forex because the price deviations (the sources of profit) are merely fractions of a cent. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of actual capital. Many brokerages offer as much as 250:1. Remember, lower leverage means lower risk of a margin call, but also lower bang for your buck (and vice-versa). Bottom line: If you have limited capital, make sure your broker offers high leverage. If capital is not a problem, any broker with a wide variety of leverage options should do. A variety of options lets you vary the amount of risk you are willing to take.
For example, less leverage (and therefore less risk) may be preferable for highly volatile (exotic) currency pairs. learn more through http://www.forexgen.com
Broker is the intermediary who helps you access to foreign exchange (forex). Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and research approaches designed to improve client forex trading performance.
Choosing a Broker
There are many forex brokers to choose from, just as in any other market. Here are some things to look for:
Low Spreads - The spread, calculated in "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Forex brokers don't charge a commission, so this difference is how they make money. In comparing brokers, you will find that the difference in spreads in forex is as great as the difference in commissions in the stock arena.
Bottom line: Lower spreads save you money!
Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need o provide). Also, forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You can find this and other financial information and statistics about a forex brokerage on its website or on the website of its parent company.
Bottom line: Make sure your broker is backed by a reliable institution!
Extensive Tools and Research - Forex brokers offer many different trading platforms for their clients - just like brokers in other markets. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems. Before committing to any broker, be sure to request free trials to test different trading platforms. Brokers usually also provide technical and fundamental commentaries, economic calendars and other research.
Bottom line: Find a broker who will give you what you need to succeed!
Wide Range of Leverage Options - Leverage is necessary in forex because the price deviations (the sources of profit) are merely fractions of a cent. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of actual capital. Many brokerages offer as much as 250:1. Remember, lower leverage means lower risk of a margin call, but also lower bang for your buck (and vice-versa). Bottom line: If you have limited capital, make sure your broker offers high leverage. If capital is not a problem, any broker with a wide variety of leverage options should do. A variety of options lets you vary the amount of risk you are willing to take.
For example, less leverage (and therefore less risk) may be preferable for highly volatile (exotic) currency pairs. learn more through http://www.forexgen.com
CURRENCY TRADING
Newcomers to Forex will recognise their need for training, but “old hands” should continue to refresh and upgrade their knowledge too.
I’ve coined the phrase: “stop learning - stop earning” and it really is important that you maintain your intake of relevant information for your entire trading life. The market changes, tactics change, methods change and if you aren’t careful, your earnings could change too.
Here are some very good courses in currency trading, not only for newcomers but also those already learning Forex Trading online. If they seem expensive, do bear in mind that Forex is a big money activity – trillions of dollars are traded EVERY DAY on the markets and many traders (including newcomers) earn more than a million dollars per annum.
I’ve coined the phrase: “stop learning - stop earning” and it really is important that you maintain your intake of relevant information for your entire trading life. The market changes, tactics change, methods change and if you aren’t careful, your earnings could change too.
Here are some very good courses in currency trading, not only for newcomers but also those already learning Forex Trading online. If they seem expensive, do bear in mind that Forex is a big money activity – trillions of dollars are traded EVERY DAY on the markets and many traders (including newcomers) earn more than a million dollars per annum.
learn more through http://www.forexgen.com/
Expert Advisors
Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/. With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
What is an Expert Advisor?
It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text
Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4. There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience learn more through http://www.forexgen.com
ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/. With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.
What is an Expert Advisor?
It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text
Starring in writing your custom Expert Advisor has never been easier. To be able do so, traders only need to learn how to use a very simple language - the MQL 4. There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allow traders to incorporate the previously accumulated experience learn more through http://www.forexgen.com
ForexGen Customer Care
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Clients can contact ForexGen by using on of the following methods:
Global Phone Number.
Phone number: +1 212 4613 279
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
If you are not able to access the internet.
Failing to receive a confirmation on an online order.
Failing to connect to ForexGen server.
Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.
Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.
Determine weather the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.
Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . .".
Remark: The given price is un-negotiable. Traders have no permission to hang on the phone waiting for price changes. All phone calls are recorded to ensure the integrity of transactions.
Request call back.
Please specify your comments or inquiry and one of our customer support representatives will contact you shortly. learn more through http://www.forexgen.com
ForexGen online trading services are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of ForexGen platform, whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Clients can contact ForexGen by using on of the following methods:
Global Phone Number.
Phone number: +1 212 4613 279
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
If you are not able to access the internet.
Failing to receive a confirmation on an online order.
Failing to connect to ForexGen server.
Whenever the trader asks for trading support, our team checks if the trader has performed the trading factually in order to facilitate the trading process and make it faster. Please pay attention to the following instructions before calling the trader support in the trading call center.
Your account number (visible in your Summary Report under ACID). While the User ID number is unverified.
Determine weather the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed.
Specify your trade as "I would like to buy 5 lots of USD/JPY during the Market with a stop loss of 102.45 and a take profit of 102.62. . .".
Remark: The given price is un-negotiable. Traders have no permission to hang on the phone waiting for price changes. All phone calls are recorded to ensure the integrity of transactions.
Request call back.
Please specify your comments or inquiry and one of our customer support representatives will contact you shortly. learn more through http://www.forexgen.com
Easy Transactions with ForexGen
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments.
· Deposit of funds is made easy through our short online form in your account management section, click here for a quick access (needs login)
Account receivable funding could electronically funded by ForexGen after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments.
· Deposit of funds is made easy through our short online form in your account management section, click here for a quick access (needs login)
Account receivable funding could electronically funded by ForexGen after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
learn more through http://www.forexgen.com/
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.
Getting Started page
1- Send us E-mail for the application and information packet. whitelabel@ForexGen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it
2- 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.
3- Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
4- 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 learn more through http://www.forexgen.com
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.
Getting Started page
1- Send us E-mail for the application and information packet. whitelabel@ForexGen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it
2- 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.
3- Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
4- 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 learn more through http://www.forexgen.com
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.
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.
. 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.
learn more through www.forexgen.com
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.
learn more through www.forexgen.com
Tuesday, April 29, 2008
How Leverage Affects Transaction Costs
How Leverage Affects Transaction Costs
Besides increasing the strength of your losses, leverage also has another way of killing you. It’s a much slower kind of death, though, kind of like being continually occurring open to view to high levels of radiation. Most traders don’t see it coming till they are dead.
This killer I’m talking about is the combined transfer cost of using high leverage
Not only has the leverage increased the strength of your losses, it also increasing the strength of your transaction costs as a percentage of your account. If you are losing in trades , your balance will shrinks and as your balance shrinks, your leverage increases. As your leverage increases, your transaction costs will eats away faster at the little money you have left. It’s a silence slow death we are talking about here.
Besides increasing the strength of your losses, leverage also has another way of killing you. It’s a much slower kind of death, though, kind of like being continually occurring open to view to high levels of radiation. Most traders don’t see it coming till they are dead.
This killer I’m talking about is the combined transfer cost of using high leverage
Not only has the leverage increased the strength of your losses, it also increasing the strength of your transaction costs as a percentage of your account. If you are losing in trades , your balance will shrinks and as your balance shrinks, your leverage increases. As your leverage increases, your transaction costs will eats away faster at the little money you have left. It’s a silence slow death we are talking about here.
learn more through http://www.forexgen.com/
Leverage control
Leverage control
If you are a kind of trader considering and seeking to have relatively high leverage, you should be familiar with the following:
1. The rules and boundaries of this kind of trading activities and how you will handle it.2. Fully understand all what is leverage (in) Forex and how it works, both for you and for counter parties.
The use of Leverage can be highly profitable but it can be your worst nightmare and enemy if it has not been utilized in an efficient way. Let us go through a practical example in order to illustrate how leverage can work for and against traders.
Having a 200-1 leverage account means that every $1000 you are willing to invest can control a $200,000 position. Standard lot actual value in the market equals $100,000, so by investing $2000 in the market with your broker you are getting 2 standard lots. let us say that you will have 500:1 leverage, this will mean that you will have more investments power and this will be great for you if the market went in your direction and your plans has been fulfilled but it also means that even a small move against your opened order can leave you without any funds and clear all your investments.
So to conclude this matter; the high degree of leverage that is often obtainable in trading activities can work against traders as well as their favors. The use of leverage can lead to large losses as well as gains.
If you are a kind of trader considering and seeking to have relatively high leverage, you should be familiar with the following:
1. The rules and boundaries of this kind of trading activities and how you will handle it.2. Fully understand all what is leverage (in) Forex and how it works, both for you and for counter parties.
The use of Leverage can be highly profitable but it can be your worst nightmare and enemy if it has not been utilized in an efficient way. Let us go through a practical example in order to illustrate how leverage can work for and against traders.
Having a 200-1 leverage account means that every $1000 you are willing to invest can control a $200,000 position. Standard lot actual value in the market equals $100,000, so by investing $2000 in the market with your broker you are getting 2 standard lots. let us say that you will have 500:1 leverage, this will mean that you will have more investments power and this will be great for you if the market went in your direction and your plans has been fulfilled but it also means that even a small move against your opened order can leave you without any funds and clear all your investments.
So to conclude this matter; the high degree of leverage that is often obtainable in trading activities can work against traders as well as their favors. The use of leverage can lead to large losses as well as gains.
learn more through http://www.forexgen.com/
Leverage
Leverage
Leverage is the use of various financial instruments or borrowed funds, such as margin, to increase the potential return of an investment. Leverage is a double edge sword and can be considered dangerous weapon because traders add bigger position sizes without actually owning the funds to cover potential losses. But it also can be a very powerful tool if it has been utilized to increase the investments power as long as traders have efficient money and risk management plans associated with it.
For Example: in order to trade 100,000 units of EUR/USD. Traditionally, traders need to have 100,000 US dollars physical owned money or we say 1:1 leverage. But with 100:1 leverage, traders are only required to deposit 1/100 of the nodded amount which is equivalent to 1,000 US dollars.
learn more through www.forexgen.com
Deposit Funds with ForexGen
Deposit Funds with ForexGen
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments.
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided by Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with a guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Funds are accepted by wire transfer and e-gold payments.
Please note that during the weekends and official holidays, wire transfers may be delayed.
Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number. ForexGen minimum requirement to start trading is $250 and this is in case of the mini accuont.
Account receivable funding could electronically be funded by ForexGen in the same business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number. ForexGen minimum requirement to start trading is $250 and this is in case of the mini accuont.
Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.
How to Get Started?
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.
Step 1: "Practice makes perfect"Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.
Step 2: "Study, Study, Study".Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.
Step 3: Manage your money wisely.You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade: 1) How much am I willing to risk?2) What is my upside and downside potential?3) What are the market conditions? (Is the market volatile or calm?)4) What is the logic behind entering this trade?5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong? Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.
Step 4: Open a Live Account.If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.
Visit our site at:
www.forexgen.com
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.
Step 1: "Practice makes perfect"Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies.
Step 2: "Study, Study, Study".Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations.
Step 3: Manage your money wisely.You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade: 1) How much am I willing to risk?2) What is my upside and downside potential?3) What are the market conditions? (Is the market volatile or calm?)4) What is the logic behind entering this trade?5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong? Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy.
Step 4: Open a Live Account.If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.
Visit our site at:
www.forexgen.com
Patterns Recognizer
Patterns Recognizer
Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.
Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.
Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next learn more through www.forexgen.com
Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.
Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.
Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next learn more through www.forexgen.com
Pair’s Hedging Detector
Pair’s Hedging Detector
In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.
learn more through http://www.forexgen.com/
Pivot Calculator
Pivot Calculator
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through www.forexgen.com
The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.
To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.
Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.
The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.
Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.
learn more through www.forexgen.com
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