The Weekly Chart

I am amazed that most traders never bother looking at weekly charts but if you want to separate out “the wood from the trees” the weekly chart gives you a much clearer perspective.

The big trends are clearly visible on the weekly chart and if you are long term trend follower, start with this chart first and you will have a clearer view of support and resistance levels and entry points.

Cut Your Trading Frequency

This Forex tip addresses a major problem that most novice traders have – they trade too much.

They think they have to be in the market all the time and chase profits but the fact is, if you cut your trading frequency, you stand a better chance of success. Keep in mind; you only get paid for being right in forex trading - NOT for your effort and how often you trade!

By cutting your trading back, you can concentrate only on the high reward, high odds trades which give the best potential profits.I know traders who only trade a few times a year yet - they make between 120 – 430%! Annually.

Their simply trading the cream of the trades and ignoring the low odds, high risk ones and there are plenty of those.

If you cut your trading, you will probably see your profits soar.

Elements of Forex Trading

There are many elements that a beginner in Forex trading ought to know.

These elements are the cornerstone of the Forex trading system that each trader should carefully assess before taking their first plunge. As we all know Forex trading is an exciting business that spans the whole globe. It will be very difficult to trade within the system if you don’t know how a system works. Now before you open a Forex trading account it is imperative that you know the three distinctive element of the market; these are the geographical, functional and participatory elements. The geographical elements deal with the playing field of the whole foreign exchange market.

Best Timing Forex Trading

Unlike many types of trading and futures, foreign exchange trading is not designed to make the client rich quickly. Many people are frightened off by the word that Forex trading is a get rich quick scheme that in large part, doesn't work. This is a financial myth despite all the hype surrounding the foreign exchange trading system. There are steps and gains to be taken in order to secure a future in successful trading. Expect to dedicate a large portion of time to researching and understanding the market in general before setting out with your pocket book ready to invest. Learn all you can about the Forex market in the beginning in order to make the Forex trading path a smooth and triumphant one.

Interest Rates

Interest Rates - can have either a strengthening or weakening effect on a particular currency. On the one hand, high interest rates attract foreign investment which will strengthen the local currency. On the other hand, stock market investors often react to interest rate increases by selling off their holdings in the belief that higher borrowing costs will adversely affect many companies. Stock investors may sell off their holdings causing a downturn in the stock market and the national economy.

Determining which of these two effects will predominate depends on many complex factors, but there is usually a consensus amongst economic observers of how particular interest rate changes will affect the economy and the price of a currency.

International Trade – Trade balance which shows a deficit (more imports than exports) is usually an unfavorable indicator. Deficit trade balances means that money is flowing out of the country to purchase foreign-made goods and this may have a devaluing effect on the currency. Usually, however, market expectations dictate whether a deficit trade balance is unfavorable or not. If a county habitually operates with a deficit trade balance this has already been factored into the price of its currency. Trade deficits will only affect currency prices when they are more than market expectations.

Fundamental Analysis With ForexGen

FOREXtraders almost always rely on analysis to make plan their trading strategies. There are two basic types of FOREX analysis – technical and fundamental. This article will look at fundamental analysis and how it used in FOREX trading.

FOREX fundamental analysis refers to political and economic conditions

that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.

Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis.

Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions. The two most important economic factors affecting supply and demand are interest rates and the strength of the economy. The strength of the economy is affected by the Gross Domestic Product (GDP), foreign investment and trade balance.

trading strategies

These are two examples of trading strategies that can be used individually or in combination. In practice, the FOREX trader should have a repertoire of trading tools to examine market conditions and to support the findings of one study or another. If several indicators show that the market is moving in a particular direction the trader can act with more assurance than when relying on a single indicator.

Similarly, fundamental analysis can be used to reinforce technical findings, or vice versa. Ideally, the FOREX trader will take several indicators into account when plotting a trading strategy.

Every trading strategy should provide clear guidelines about when to enter a trade, what to expect in terms of market movement, when to exit a trade, and how much loss can be accepted in case the deal moves against the trader. Following these simple guidelines and learning about technical analysis can help you become a successful FOREX trader.

One of the best online FOREX trading strategy courses is offered by professional experts in ForexGen. They are an authority in currency trading education and demonstrates simple yet powerful currency trading strategies used by banks, financial institutions and professional v traders.

White Label With Forexgen

Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.

ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.

Full White Label

We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.

Limited White Label

Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.

WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?

A Qualified and familiar online trading platform branded under each company name!

• Streamline dealing with no request for quote for up to 200 lots (20 million).
• Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
• Constantly updated real time prices.
• Real time charts with the most common indicators.
• Daily account statement.
• Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
• Streaming news quotes provided by AFX News.
• An attractive income sharing plan

Trading White Label enables our partners to charge their clients' commission for each traded lot.

They also have the ability to raise the spread for all or certain customers.

ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.

Commission is paid out every month.

Individualized service

ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.

White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.

White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.

• A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
• ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
• Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
• ForexGen leverage could be 200:1 on standard accounts.

The margin requirements on all accounts are:

Account Equity (US Dollars)	Initial Margin	Maintenance Margin end of each weekday (before 23:00 CET)	Maintenance Margin on Friday at 23:00 CET & before holidays
Less than 25,000	0.5%	No minimum required. Accounts are only stopped out at the stop out level.	0.5%
25,000 to 1,000,000	1%	No minimum required. Accounts are only stopped out at the stop out level.	1%
1,000,000 to 5,000,000	2%	2%	2%
5,000,000 to 10,000,000	3%	3%	3%
Above 10,000,000	5%	5%	5%

Getting Started page

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

Favorable trading conditions

• 2 pips spread on six currency pairs.
• Leverage of 200:1 leverage for accounts of up to $1 million US.
• Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
• The minimum account size is $2,000 US which allows trading of mini-lots.

For full Information and online application, WL program Types.