• Trading in the Forex market
is a challenging opportunity where above-average returns are available
to those educated and experienced investors who are willing to take
above-average risk.
• However, before
deciding to participate in Forex markets, traders should carefully
consider the investment objectives and scope, the required level of
experience and risk abilities that should be available, and the most
important factor is to take into consideration not to invest capital,
if you can not afford its loss.
• In addition to the “Market Risk” associated with adverse price movement, there is a number of other “Risk Factors” that are inherent to online trading, whether manual trading or regular automated trading concepts available in some platforms.
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 strategies embedded inside the system enables it to self-adjust to
follow trending and ranging markets by using complex and sophisticated
“market specific” trading algorithms and logic to analyze different
price structure and movements resulting in self-adapting to the
constant change in market conditions.
• The system has
the capabilities to trade major currency pairs like (EUR/USD, USD/JPY,
GBP/USD and USD/CHF) and any other pairs available in the Forex market .
All charts are potted with time on the x-axis and the currency
pair on the y-axis. Each time period on our real time charts can range
from a tick by tick a weekly interval (the tick refers to each
individual pip movement).
This gives traders the
flexibility to view currencies with closer examination while also
allowing them to spot the trends most suitable for their time-sensitive
trading strategy.Here’re the most popular types of charts
Line ChartS
A
line chat is simple a graph of the value of a currency taken at regular
time intervals based on current prices. Below is a LINE CHART example :
A line chart’s strength come from it’s simple design .
Bar Charts
Bar
chart is graphic representation of price action using a vertical bar to
connect the highest price to the lowest price during a period. The
opening price is displayed as a horizontal line on the left side of the
bar.The closing price is displayed as a horizontal line on the right
side of the bar.Bar charts can be constructed for any time period in
which prices are available. Traditionally, the most popular time
interval for bar chart is hourly chart.
andlestick Charts
Candlestick
Charts identical to a bar chart in the information conveyed, but
presented in an entirely different visual context. The candlestick
encapsulates the open, high, low and close of the trading period in a
single candle.
Candlestick charts are much more visually
appealing than a standard two-dimensional bar chart. As in a standard
bar chart, there are four elements necessary to construct a candlestick
chart, the OPEN, HIGH, LOW and CLOSING price for a given time period.
Below are examples of candlesticks and a definition for each
candlestick component: The body of the candlestick is called the real
body, and represents the range between the open and closing prices.
for more information > > >
• Streamline dealing with no request for quote for up to 200 lots (20 million).
• ForexGen trading platforms have a friendly user interface that is both easy to use and to grasp.
• One click orders execution.
• Providing real-time charts with the most common indicators.
• Advanced charting tools with many technical analysis features.
• Daily account statement.
ForexGen Trading Station is the client part of online ForexGen Trading Platform.
We provide all the needed trading tools for a successful trading.
We
attempt to supply the sufficient information and tools in order to make
the Forex traders’ decisions more appropriate and easier.
The
program has a simple and user friendly interface that allows traders to
monitor their transactions and their account as well as perform
technical analysis and develop Forex trading strategies of their own.
ForexGen provides continuous real-time information and sophisticated technical analysis tools.
ForexGen Trading platforms are stable , secure and characterized by its unique performance.
It is the best solution for trading on Forex, CFD and Futures markets .
for more information > > >
- It is the study of change in price through micro and macro economic levels due to political and economic conditions in countries. Analysts use fundamental analysis to predict the future trends of one nation’s currency in terms of another.
- Fundamental analysis is usually affected by the following factors:
• Official discount rate .
• FOMC and Meeting .
• Inflation.
• Budgetary deficit .
• Economic indicators .
• Trade balance .
• Consumer price index (CPI) .
• Producer price index (PPI) .
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.
Forex Broker
The main participants in forex market can be divided into the following types: banks, some commercial companies and some foreign currency brokers.
Choosing a Broker :
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
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).
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 .
for more information > > >
It may sound silly, but gains in pips can potentially make you over wealthy . Take your time with this information, as it is required knowledge for all Forex traders.
Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.
What is a pip ?
Pips stands for ‘PERCENTAGE IN PIONTS’. In the Forex trading, a ‘PIP’ is a unit of measurement which represents the smallest change in the price of currency or a currency pair. In the stock markets this is a classified as a ‘POINT’.
As a result, some folks refer to pips as points.
Pips are the last decimal point in an exchange rate or currency pair.
For the majority of currencies a ‘PIP’ is equal to 0.0001.
This means that if you purchased USD/CHF at 1.2310 and sold at 1.2330, you made 20 pips
USD/JPY:
110.78 .01 divided by exchange rate = pip valueUSD/CHF: 1.1227 .0001 divided by exchange rate = pip value
GBP/USD: 1.9799 .0001 divided by exchange rate = pip value
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 .
for more information > > >
There are 2 types of Fibonacci:
Fibonacci extension:the
levels of Fibonacci extension will be 0, 0.382, 0.618, 1.000, 1.382,
1.618.many Traders can use the Fibonacci extension as profit taking
level and when they watch the same levels ,they can buy or sell to
enter the trade or cancel it,so this will become a due self-fulfilling
execptation .
And the levels of Fibonacci retracement will be 0..236, 0.382, 0.500, 0.618, 0.764.a lot of traders use the Fibonacci retracement as support levels and when they watch the same levels,they can place buy and sell to enter the trade or cancel it so the support level becomes a self-fulfilling expectation .
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