www.ONN.tv Analyst Kevin Cook on the Euro and Currency Manager Performance

Monday, December 29, 2008

In the latest edition of “FX Overnight” on Mark2Market, www.ONN.tv currency analyst Kevin Cook highlights the euro’s solid footing against the dollar since the FED’s move to “quantitative easing” launched it above resistance at $1.38. As the demand for U.S. dollars subsides, and “risk appetite” re-appears on the menu of global investors, short-term and long-term views of the EUR/USD exchange rate are surfacing that are dominated by the euro’s perceived superior position in terms of both interest rates and debt. Short-term, the yield differential between the two nation’s interest rates offers a potential for carry trades. Longer-term, investors are beginning to contemplate the size of the U.S. debt balloon and what happens when Treasuries lose their luster.

Cook also updates an intriguing correlation he’s been watching for months between the EUR/USD exchange rate and FX fund manager returns in 2008. As the euro cascaded from its double-top around $1.60, most FX managers were caught on the long side and took their time bailing out. In early December, with the most important currency pair establishing a base above $1.25, Cooked asked, “Will we discover that most currency managers stayed long, or did they finally reverse their positions now only to be caught short in this breakout above $1.30?” Today, he shows the fresh data that answers this question.


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British Pound Outlook Bearish Against Downtrodden US Dollar

Sunday, December 28, 2008

GBP/USD ratio: 1.64

Trading
Forecast: Bearish


GBPUSD –The ratio of long to short positions in the GBPUSD stands at 1.64 as nearly 62% of traders are long. Yesterday, the ratio was at 1.35 as 57% of open positions were long.

In detail, long positions are 18.0% higher than yesterday and 25.7% stronger since last week. Short positions are 2.5% lower than yesterday and 49.9% weaker since last week. Open interest is 9.3% stronger than yesterday and 44.7% below its monthly average.

The SSI is a contrarian indicator and signals more GBPUSD losses.

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6. [ForexGen] offers a free trial [Forex demo account] that allows you to test your skills and practice without risking real money.

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Unrealized And Realized Profit And Loss

Thursday, December 25, 2008

Most online forex brokers provide real-time mark-to-market calculations showing your margin balance. Mark-to-market is the calculation that shows your unrealized P&L based on where you could close your open positions in the market at that instant. Depending on your broker’s trading platform, if you’re long, the calculation will typically be based on where you could sell at that moment. If you’re short, the price used will be where you can buy at that moment.

Your margin balance is the sum of your initial margin deposit, your unrealized P&L, and your realized P&L. Realized P&L is what you get when you close out a trade position, or a portion of a trade position. If you close out the full position and go flat, whatever you made or lost leaves the unrealized P&L calculation and goes into your margin balance. If you only close a portion of your open positions, only that part of the trade’s P&L is realized and goes into the margin balance. Your unrealized P&L continues to fluctuate based on the remaining open positions, as does your total margin balance.

If you’ve got a winning position open, your unrealized P&L is positive and your margin balance increases. If the market is moving against your positions, your unrealized P&L is negative and your margin balance is reduced. Forex prices change constantly, so your mark-to-market unrealized P&L and total margin balance also change constantly.

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Forex Traders Look Past Empty Euro Calendar to US Durable Goods Data

Wednesday, December 24, 2008

Forex markets were quiet in Asian trading, with the Euro was confined to a narrow, 70-pip range below the 1.3980 level. There is no data scheduled for release in European trading hours, but US Durable Goods Orders data could spark volatility, amplified by illiquid markets ahead of the Christmas holiday. Overnight, the BSI Survey showed that sentiment in Japan’s manufacturing sector hit a record low in the fourth quarter.

Key Overnight Developments

• Japan's Manufacturing Sentiment Hits Record Low in Q4
• Euro Price Action Turns Range-Bound Ahead of Holiday


Critical Levels

The Euro was confined to a narrow, 70-pip range in overnight trading below the 1.3980 level. The British Pound saw a bit of upside, retaking the 1.4750 level but stalling ahead of the 1.48 mark.

Asia Session Highlights

Japan’s BSI Large Manufacturing survey saw sentiment drop to the worst in at least 4 years and the worst on record. Firms have turned pessimistic as foreign demand for Japanese cars and electronics dwindled. Earlier this week, the Trade Balance sank deeper into negative territory as exports plunged a record 26.7% in November. The result echoes the latest Tankan Survey, which showed manufacturing sentiment fell sharply in the fourth quarter to match the lowest reading in since 1999. As we mentioned then, the result will “compound existing weakness in the labor market as firms cut back capacity, weighing on wages, incomes, and consequently pushing consumer spending lower.”

Attempting to revive export growth may be one of the few options still in play for policymakers: monetary easing has little scope with interest rates at just 0.10% and fiscal stimulus could be hit-or-miss given the Japanese consumer’s infamous proclivity to favor saving over spending. This opens the door for the government to step into the currency markets to drive down the Yen, making Japan’s products comparatively cheaper for foreign buyers. Indeed, top Japanese officials have publicly hinted at the possibility of intervention in recent weeks.

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Dollar Edges Higher vs Euro, Pound, Yen

Tuesday, December 23, 2008

Dollar edges higher vs euro, pound, yen in light holiday-week trading

The dollar traded mixed against major currencies Tuesday in light holiday trading.
The 15-nation euro inched up to $1.3967 in late New York trading, up from $1.3958 late Monday, while the British pound traded down to $1.4735 from $1.4865.
The dollar also rose to 90.68 Japanese yen from 90.07.

A stream of dour economic data on U.S. housing and economic activity left the buck largely unscathed as the end of the year approaches, especially as economies abroad show pain as well.
The Commerce Department reiterated that gross domestic product in the third quarter fell at an annual rate of 0.5 percent. The estimate is unchanged from last month. Economists expect a sharper decline in the current quarter.

Two housing reports on Tuesday, one from the Commerce Department on new home sales and one from the National Association of Realtors on existing home sales, fell by more than expected. New home sales fell 2.9 percent, to the slowest pace in almost 18 years, in November. Home resales fell by 8.6 percent to a yearly rate of 4.49 million in November. Both reports noted double-digit declines in median sales price.

The Dow Jones industrials finished lower for the fifth straight day, falling 100 points to 8,419.49.
In Britain, meanwhile, the government said the economy shrank by 0.6 percent in the third quarter, more than had previously been thought. The Bank of England is expected to cut interest rates close to zero in 2009.
Cutting rates can undermine a currency as investors transfer assets elsewhere, looking for higher returns. The Federal Reserve cut the federal funds rate to a range of 0.25 to zero earlier this month. Few major economies now have rates above Britain's current 2 percent.
In other currencies, the dollar slipped to 1.2133 Canadian dollars from 1.2185, and fell to 1.0871 Swiss francs from 1.0916.


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Swiss Franc And Canadian Dollar Technical Outlook

Monday, December 22, 2008


Swiss Franc Technical Outlook

The Swiss Franc showed incredible strength against the US Dollar through recent trade, but a sharp USD/CHF reversal off of important Fibonacci support suggests that further short-term corrections are likely.

The 1.0670 mark represents the 61.8 percent Fibonacci retracement of the 1.2300-0.9640 move, and said level may continue to contain declines through near-term price action. Shorter-term, subsequent resistance can be found at recent spike-highs of 1.1136.

Canadian Dollar Technical Outlook

The US dollar has found a base against the Canadian Dollar at the 1.2000 mark, representing the confluence of the USD/CAD’s short-term rising trendline and the 38.2 percent Fibonacci retracement of the 1.0300-1.3020 move.

Said level is likely to contain any short-term declines in the USD/CAD, while intraday spike-highs near 1.2400 represent subsequent support. A break below 1.2000 would negate our short-term bullish bias.

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Japan Unveils Record Budget to Bolster Economy

Sunday, December 21, 2008

Japan unveils record budget as government fights recession with big spending

Japan's budget will balloon to a record high next year as the government embarks on a spending spree to battle an ever-deepening recession.
In a draft budget released Saturday, the Finance Ministry suggested an increase of 6.6 percent to 88.5 trillion yen ($990.9 billion) for the next fiscal year -- the biggest ever figure in an initial proposal.
The world's second-largest economy fell into a recession in the third quarter, and the signs since then point toward more misery ahead. The latest outlook by the Cabinet Office projects Japan's economy to shrink this fiscal year and manage only flat growth the following year.
The budget proposal said general spending will rise to 51.7 trillion yen ($578.9 billion) in the year starting April, even though tax revenue is projected to fall 13.9 percent to 46.1 trillion yen ( $516.2 billion).

As a result, Japan will see its primary budget deficit jump to more than 13 trillion yen ($145.6) from 5 trillion yen ($56 billion) this year, and will boost bond issuances by 31.3 percent to cover the revenue shortfall.
The expansion is likely to derail Tokyo's efforts to slim down toward its goal of balancing the budget by 2011. But Prime Minister Taro Aso, facing plummeting popularity ratings, has made it clear that this is no time for fiscal discipline.
On Friday the central bank cut its key interest rate to 0.1 percent, joining the U.S. Federal Reserve in pushing borrowing costs close to zero. And in its gloomiest assessment this year, the Bank of Japan cited the harsh impact of tumbling exports, weakening domestic demand, job losses and growing credit crunch.
"Under these circumstances economic conditions have been deteriorating and are likely to increase in severity for the immediate future," it said in its statement.

The prime minister has responded by introducing a slew of fiscal stimulus measures, including a 27 trillion yen ($302.3 billion) package in October and a 43 trillion yen ($481.5 billion) plan earlier this month.
The Cabinet on Saturday approved a 4.79 trillion yen ($53.6 billion) supplementary budget for this fiscal year through March to fund some of the stimulus steps. Among Aso's measures are expanded credits for small businesses, lower highway tolls and a cash payout to every household to spur spending.

Still, it may not be enough to trigger a turnaround for Aso and his Liberal Democratic Party, which looks increasingly likely to lose its decades-long grip on political power.
The embattled Aso has repeatedly come under fire for verbal gaffes and a lack of leadership through the global economic crisis. His approval rating has plunged to about 20 percent in the three months since taking office.
The draft budget is scheduled for Cabinet approval on Wednesday and will likely be submitted to parliament in January.

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Obama Promises to Bolster Financial Regulation

Thursday, December 18, 2008

President-elect Barack Obama promised on Thursday to strengthen financial regulatory agencies and crack down on runaway "greed and scheming" in an effort to restore stability to a reeling U.S. economic system.


Obama named veteran regulator Mary Schapiro as chairwoman of the Securities and Exchange Commission and Gary Gensler to head the Commodity Futures Trading Commission. The president-elect said he would charge them with leading a broad overhaul of the financial regulatory system.
"These individuals will help put in place new, common-sense rules of the road that will protect investors, consumers and our entire economy from fraud and manipulation by an irresponsible few," Obama told reporters in Chicago.
"These rules will reward the industriousness and entrepreneurial spirit that's always been the engine of our prosperity, and crack down on the culture of greed and scheming that has led us to this day of reckoning," he said.

Obama also named Georgetown University law professor Daniel Tarullo to fill one of the seven seats on the Federal Reserve Board, which is battling to ease a credit crisis and fend off a deepening recession.
The SEC, created after the 1929 stock market crash to police markets and restore investor confidence, has come under heavy criticism after the Wall Street meltdown and financial scandals exposed lapses in its oversight.
"We have been asleep at the switch. Not just some of the regulatory agencies, but some of the congressional committees that might have been taking a look at this stuff," Obama said.
Also on Thursday, a source familiar with the nomination said Obama had chosen retired Navy Adm. Dennis Blair for director of national intelligence. Blair is a former top U.S. military commander in the Pacific region.

ENTER 21ST CENTURY

Obama, who takes office on January 20, said regulatory reform would be one of his earliest initiatives and he would release a detailed plan for regulatory changes. He said there was a need to potentially consolidate some regulatory agencies.
Under one scenario backed by some lawmakers, the SEC would be merged with the CFTC, which oversees the markets for instruments such as futures contracts and options on oil, coffee, sugar and other commodities.
"We are going to have to greatly strengthen our regulatory apparatus, and update it from what worked for a 20th century financial system, so that it works in a 21st century financial system," Obama told reporters.

"I think the American people right now are feeling frustrated that there's not a lot of adult supervision out there," he said.
Schapiro is now chief executive of the Financial Industry Regulatory Authority, a self-regulatory body for the securities industry. She was an SEC commissioner for six years, then became chairwoman of the Commodity Futures Trading Commission in 1994 during the Clinton administration.
Schapiro, a lawyer, is a member of the board of directors of Duke Energy Corp and Kraft Foods Inc. If confirmed by the Senate, Schapiro would replace SEC Chairman Christopher Cox, a Republican appointed by President George W. Bush.

Gensler was a partner at Goldman Sachs for a decade and was undersecretary of the Treasury in the Clinton administration.
Tarullo, Obama's choice for the Fed, has been one of the president-elect's top economic policy advisers. The 57-year-old Tarullo was President Bill Clinton's top adviser on international economic policy. He would replace Fed Gov. Randall Kroszner, whose term expired in January, in a move that still leaves two vacancies that Obama can fill.
Obama is hoping to complete most of his Cabinet picks by the end of the week, leaving Chicago on Saturday for a vacation in Hawaii with his family.

He has tapped former Dallas Mayor Ron Kirk, a partner at Houston-based law firm Vinson and Elkins, to be U.S. trade representative, a source familiar with the decision said.
For labor secretary, Obama has selected California Democratic Rep. Hilda Solis, a Democratic official said on Thursday.
On Friday, Obama is expected to announce the nominations of Solis, Kirk and Blair, plus Illinois Republican Rep. Ray LaHood as transportation secretary.
John Holdren, a past president of the American Association for the Advancement of Science, will be the next White House science adviser, the journal Science reported. The article said the appointment could be announced in Obama's weekly radio broadcast on Saturday.

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Is it Easy to Make Money From the Forex Capital Markets?

Wednesday, December 17, 2008

You probably won’t find many investors claiming that any investment opportunity is easy, even for the Forex capital markets which are ruled by the same rules and regulations that are structuring the other sorts of investments out there, be it equity, futures and stocks trading. You can’t just go in blind and expect to make a huge amount of money without some idea of what you are doing. But the Forex Capital Markets have a slight edge over other forms of investments and if you know your way around the dynamic market, you might be set to make some decent money from investing in it.

The Forex market is a great market because its online form is just as good if not truly better than going down to a brokers office and signing up with them, opening up an account and start building your portfolio right away. Partnering a 24 hour investment market with the perpetual matrix that is the internet is sheer genius. Things get done faster, order chits get filled out and your ideas get translated to money motion in an instant. Watching the market 24 hours - is a disposal every investor should have when it comes to risking any sort of money on something as dynamic as the Forex market. Your money could be anywhere and it will be moved from country to country in a constant game of capital Risk - but the returns can be fantastic.

Many investors would agree that it is relatively easy for anyone to make their money with the Forex markets, because of the level of predictability that is involved with Forex. Unlike most markets that are structured in such a way that surprises are imminent, traders who deal with Forex Capital will always say that there is almost a trend, or a pattern that market follows for each financial year. This weather-pattern-like phenomenon is easy to spot and many strategies and blueprints for making money are right smack on the table in many boardrooms in brokerage companies - are based on these very patterns. Once you can spot an upturn or downturn on currencies exchange on the market, you will be able to change your flight path to profits in no time and thus reap the benefits and rewards.


[ForexGen Services]

Client Services

  • Customer Support
  • Trading Support
ForexGen Partnership

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 large income sharing plan.

[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Australian Dollar Technical Outlook

Tuesday, December 16, 2008

The AUDUSD is most likely working higher in a c wave that should end above .70.

Near term, price ideally remains above Friday’s at .6486 although the trend is up as long as price is above .6287. Trading above .6806 (which is expected) would enable bulls to move risk to .6486. For traditional chartists, an inverse head shoulders is evident and price has just broken above the neckline.

[Why ForexGen]


1. Lowest spreads in the market with 0-1 pips 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.

We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership.

GE gets $128 Million Navy Contract Add

Monday, December 15, 2008


General Electric awarded $128 million contract modification for Navy engines


The Navy said Monday that it has given General Electric Co. a $128 million contract modification for engine parts and equipment for fighter jets.

The contract includes 32 engines and other parts for variants of the F-18 fighter plane.

Shares of Fairfield, Conn.-based GE fell 16 cents to $16.95 Monday.

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China to Increase Supply of Money to Boost Economy

Sunday, December 14, 2008



China to increase supply of money to boost economy amid signs of sharper slowdown

China said it plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending and shield the country from a global downturn.
Saturday's announcement by the country's State Council, or Cabinet, comes on the heels of a multibillion-dollar economic stimulus package announced last month that calls for injecting more government money into the economy through spending on construction and other projects.

There are mounting signs that China's economic slowdown is sharper and deeper than expected. Exports fell in November for the first time in seven years and the industry minister warned Friday that worse was to come.
China will increase its money supply by 17 percent next year, the Cabinet said in a statement on its Web site. It said that would be 3 to 4 percentage points above the total growth of economic output and consumer prices.
Increasing the supply of money is aimed at stimulating domestic economic activity and spending by making more credit available to encourage consumers and companies to borrow.
"We must strengthen the role of the financial sector in supporting economic growth by better implementing an active fiscal policy and moderately easing monetary policy," the Cabinet statement said.

The growth rate of China's money supply slipped this year as business activity and bank lending slowed.
The growth in China's broadest measure of money supply shrank from 16 percent in August to 15 percent in November, according to the central bank. That measure, known as M2, includes cash and bank deposits.
The Cabinet also decided to increase by 100 billion yuan ($14.6 billion) the amount of loans for the country's policy banks this year and suspend and reduce the sale of some central bank securities, the statement said.
The central bank has been draining billions of dollars from the economy every month to reduce pressure for prices to rise as revenues from China's booming export industries flood through the economy.

The government said it would stop sales of three-year central bank notes and reduce sales of one-year and three-month bank notes, but gave no other details.
With economic growth forecast at 9 percent and inflation at about 6 percent this year, China's money supply growth has just kept pace with growth in commercial activity. With both growth and inflation forecast to be lower in 2009, the planned expansion in money supply should be much larger than is needed to maintain commercial activity.
China's industry minister Li Yizhong said Friday that the government will spend 15 billion yuan ($2.2 billion) to subsidize loans to companies to improve technology and cut energy use. Li said Beijing might buy surplus steel to help producers as demand plummets, as well as cut taxes to spur auto and real estate sales.

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Forexgen|People That are Very Keen on Knowing

Tuesday, November 25, 2008

People that are very keen on knowing how Forex trading is done should consult broker reviews – here they will find all their answers. Most online Forex trading reviews can answer their questions regarding things such as softwares used, guides or courses. An increasing number of people is very interested in entering Foreign exchange trading
, believing there is big time money in that.
There is so much out there to learn about the Forex in order to trade traditionally. Before they were introduced to the Forex most people barely even knew what it was all about. Being introduced to revolutionary systems has changed their lives – consulting online Forex trading reviews, trying free demos, managing their accounts – all these have turned them into successful brokers.
Different people think different systems are the best when it comes to trading on the Forex. However, besides reading the online Forex broker reviews you should take advantage of the 15-Day free trial so you can experience for yourself how it works – this is one of the smartest ways beginners can trade in the market.

Broker reviews advise people to turn to systems that can ease their work. For instance, a very good system would be one where:
- The automated system does the trading for you;
-There are no charts, no graphs and no guesswork;
-You spend up to 20 minutes per week managing your account;
-You can structure your trading to buy low/sell high;
- You can collect daily interest on leveraged money;
-You have full, 100% control over your money.

Such systems do most of the work for you, so that you can spend a minimum amount of time managing your account. Although you are managing your account hands – on, you will not learn about the market easily. The online Forex broker reviews may advertise such systems, but you should know they will not be much help if you want to learn by doing everything yourself. If you are such a person you should look for more detailed Forex guides.
You should keep in mind there is one problem when it comes to choosing a system: virtually every platform has someone warning you it is a scam. Broker reviews can guide you to safe systems; they usually rate them having in mind the ease of use regarding limits, stops, fast trade execution etc. But please remember that different people may want different things from a certain system, so the best thing to do is try it, as we have previously mentioned it.

There are people who think you do not need software, but you need to spend a little of your precious time doing your own research on different sites, learning about the Forex market and how it works. These are the same people that say that most of those software presentations are scams because they use indicators that you can easily get from any basic trade station. What they don’t say is something all broker reviews say: that such software is meant to be used by beginners and by people who do not have the time or the patience to fully understand the market.

About Forexgen
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

Forexgen Broker Review


1- No matter what the status of the economy is, the foreign exchange market still remains to be one of the most volatile and highly liquid financial markets in the world. To have a deeper understanding of what the foreign exchange market is all about, here is a brief definition of the term. Foreign exchange or forex refers to the trading of one currency for another. Did you know that this type of financial market averages $3 trillion in currency traded a day? Based from this staggering amount alone, you can clearly see why investors and all the other financial institutions would be tempted to dip their hands into the foreign exchange market. Now, if you are a beginner in foreign exchange trading, what are the things that you need to remember about forex trading system? How can you use forex broker reviews to your advantage? More importantly, what are the risks that you need to take if you are involved in the foreign exchange market?

Let us address these forex-related questions one at a time. First, what are the things that you need to remember about the forex trading system that you should use? Basically, this is the primary tool used by investors and traders who would like to take a part of the financial success brought about by the foreign exchange market. When looking for the best forex trading system, take into consideration the success rate of the system itself. This is when forex broker reviews online have proven to be helpful. When you check out these online reviews, you would know whether the forex trading system will tell you when and how to enter and exit a forex trade. You would also have an idea about the quality of support that you will get by subscribing to a particular forex trading system.

As you can see, consulting the online forex broker reviews is an important part of your success in forex trading. Now, after taking a look at the forex broker review sites to determine which broker will give you your money's worth in forex trading, the next thing that you should take into consideration are the risks involved in the foreign exchange market. Just as it is with any other type of financial market, there are risks involved in forex trading. This is where forex broker reviews come in handy. The live forex chat sites and forums will give you an idea about the things that you should watch out for when dealing with the foreign exchange market.
One of the risks involved in forex trading is the fact that despite the fact that it is a 24/7 market – it is almost impossible to monitor the currencies by the minute. Another risk that you need to take is that even if the principle behind forex trading seems to be quite simple, you do need to learn about the ins and outs of the market before it can turn out to be a financial success. At the end of the day, entering the foreign exchange market with an open mind and heart will give you a better forex trading experience overall.
Forexgen Introducing Brokers

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading
In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

How Do You Know if You Have a Good Mortgage Broker?

Friday, November 7, 2008

1. He's fast, but thorough.
a. Does your mortgage broker
contact you in a timely fashion with detailed reports and requests, informing you that he just got the request in from the lender?
b. Or does he sit on the lender request for a few days before contacting you? When you provide the information the mortgage broker requested from you, does he review it with you while you are there to confirm that it is everything he needs?
c. Or does he set your information aside to look at later, possibly resulting in yet another request from you to get the missing item? If he does not operate with speed and thoroughness, speak to him about this. Let your mortgage broker know that sometimes his requests will take you time to compile or prepare for him, and that you cannot do your part well if he does not do his part with speed and thoroughness.
2. He's efficient.
a. You've been to his office. The mortgage broker has a well organized office, with clean and professional staff. (Of course this only applies if the mortgage broker is not an independent rep with no staff).
b. They are all working and there are no serious signs of disorganization. The phones are active and there is life to the office. If you see this, what you are looking at is an efficient mortgage broker who keeps things moving in his office and has built a good relationship with people who need loans and the lenders who provide them. If you don't see this, although he may be efficient on some level, he may not have the efficiency that you need overall to get your job done. Watch the signs carefully. You need your mortgage broker operating at maximum efficiency.
3. He listens and solves problems.
a. Did your mortgage broker hear you when you said that you would not be able to provide certain documents that he asked for and come up with a solution of how this problem could be solved? Was his solution an actual solution that you could utilize to keep your loan moving forward? If no, then you've got a problem. He is not listening. He is not solving problems.
b. Did your mortgage broker clearly hear and understand the problem the lender had and put forward a solution to the lender that both you and the lender could utilize? If no, you've got a problem.

4. He does not try to put you into a loan that you cannot afford.
a. You've given him all the info he needs to correctly determine a loan amount
that you can afford, and an interest rate that you can afford, yet the numbers the mortgage broker brings back to you are above what you can afford. Walk away and find a better mortgage broker review. Don't be one of the thousands of Americans that got in over their heads and lost their homes.

ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

Make a Mortgage Broker

For most Canadians, buying a home is the largest financial
decision they will make in their lifetime. Yet, consumers across the country are more likely to painstakingly review dozens of investment possibilities for their portfolios
than to scrutinize their mortgage choices. The mortgage world - like the investment world - can sometimes be confusing. There is a vast array of choices - open, closed, fixed, floating, long or short amortization, prepayment options, portability... and of course, the rate itself.

Making the right mortgage decision can have a huge financial impact over the long term. Many Canadians have an investment advisor to help them sort through their choices. Now, Canadians are also beginning to turn to mortgage brokers to help them make better mortgage decisions. Canadians are just now catching up with their counterparts south of the border, where mortgage brokers already arrange approximately 70 per cent of mortgages for U.S. properties.

So what is a mortgage broker? The role of a mortgage broker is to understand your mortgage needs, seek out the best options for your situation, and guide you through the lending process. A mortgage broker does not work for any individual institution or lender, but is independent, and has up-to-the-minute loan rates for a wide array of banks and other lending institutions.

There was a time when the banks exercised the view that they "owned" their customers, and mortgage brokers were perceived only as a last resort for home buyers with poor credit history. But times have changed, and home buyers in every bracket are learning they can benefit from the professional advice of a mortgage broker review.

The ForexGen Trading Station is our clients' gateway to the world's Foreign Exchange and Bullion markets. We have chosen the ForexGen Trading Station as our solution for the professional trader because in our opinion, it is the most reliable, professional and secure online trading software on the market at the current time.

An Examination of Forex Accounts

Thursday, November 6, 2008

With the rise of the global forex (foreign exchange) market, many investors have been looking into forex accounts. But just what are they? A foreign exchange account is the account a trader opens with a forex broker review. The first type of account is often called a demo account. Once a new trader has tried demo accounts with several traders, he or she will usually move on to a funded account. These are split into three categories, mini accounts, full accounts, and managed accounts. Full accounts trade currency in batches of one hundred thousand, whereas mini accounts do so in groups of ten thousand. A managed account is where a money manager does the trading (for a fee) on the clients behalf.

Due to the various qualities of forex trading, forex accounts have been widely successful worldwide. Since the trade volume, large number of traders, dispersion, variable exchange rates, and high profits (with low margins and high volume trading) all contribute to make the foreign exchange one of the most powerful markets in the world. Anyone who considers themselves a global investor absolutely must at least take a look at the various opportunities available in the forex market.

It is important for the new forex investor to decide what type of forex accounts they're looking for in order to suit their needs. A small-scale retail investor, for example, will probably want a demo or mini account in order to learn how to exploit a profitable market and become accustomed to the various banking methods involved. Some traders who have the extra resources to have someone manage the forex account for them may be more interested in a managed account.

A mini forex account is different from the regular accounts because it uses a greater amount of leverage than the regular account. This account offers up to 200:1 leverage, this means that just a $50 margin deposit will allow you to trade lots worth roughly $10,000. One will trade in lots that are just 1/10 the size of a regular account, which will greatly reduces the risk you take in your trades.

For a new person to start forex trading it is a very good idea to start trading with demo forex accounts. This demo account does not require any cash, but it does train a person in how to approach trading. Many brokers offer a demo accounts that will allow you to test the market without risks. Managed forex trading has become more popular in the investment marketplace. Brokers are now offering individuals the ability to opt for a managed fund, beginners are benefiting by putting their money with an experienced broker so that he or she can make the most of what they have

The possibilities for profit in the foreign exchange market are virtually endless. The market is constantly changing, yet arguably the most durable market possible because of the fairness of the competition. Anyone looking to invest in a forex accounts have lots of options available to them, and can choose one suited most to their taste. There are plenty of ways to diversify one's portfolio as a trader, or one can simply sit back and let a money manager do the work for them. There is no worry of market crashes, as the global economy always tends to stabalize itself. Forex trading is quickly becoming one of the most profitable markets worldwide.

The ForexGen Trading Station is our clients' gateway to the world's Foreign Exchange and Bullion markets. We have chosen the ForexGen Trading Station as our solution for the professional trader because in our opinion, it is the most reliable, professional and secure online trading software on the market at the current time.

Basic Things to Know About Trading Forex

Forex trading has become popular because of availability of leverage, high liquidity, 24-hour trading
time and low cost for dealing.

Basically, the players in Trading Forex are the financial institutions and companies that perform exchange of good and services in foreign countries. Trading Forex is so far the major concern of big professionals with global activities such as those from banks, commercial organizations with global participation, and Forex brokers review . However, there are ways in which individuals can participate in Forex trading. This will be possible with proper knowledge on how Forex trading works.

Basically, trading Forex is based on margin. Even small deposits can take part in considerable market positions. To trade main currencies, it usually requires a margin deposit of 1 percent of the trading amount for security. So to be able to trade 1 million U.S. dollars, you need to deposit a margin of 10,000. By doing so, you will be able to obtain 10 times of what you have deposited. This means that Forex trading has the potential to give you profit or loss of about 100 times of the margin. You then need to know how to play well in trading Forex to avoid the big risk and get the full potential profit.
Currency

The basic currencies in Forex Trading are U.S. dollar, Euro dollar, Japanese Yen, British pound, and Swiss Franc. In trading Forex, there is always to currencies involved. You have to buy U.S. dollar and sell British pound, or buy Japanese yen and sell U.S. Dollar. You can do so with any combination and a dozen more currencies available in the foreign currency market. In trading two currencies, you will have to speculate the long and short sides of currencies or which of the currency is strong in relation to other. Normally, the currency on trade has the highest value, although this is not always the case. For example, if you wish to trade USD from Singapore dollar, the highest value will be the USD. Your profit and loss with the trade in SGD against USD will be determined by the change of the amount in SGD.

Dealing Spread

When you start trading Forex you will need a buy and sell level in a form of dealing spread quoted to you. If you accept the quoted dealing spread and receive the dealers’ confirmation, the trade is considered done. Normally, the dealing spread is 3-5 points when the market is normal. For example, you sell USD at 1.7780 and buy it at 1.7785. There are no additional costs, fee, and commissions.

Common Trading

Forex trading can be done through spot trading or forward trading. In spot trading, the trade will be complete in two days after agreeing on the quoted price. Spot trading are normally done by commercial customers. In forward trading, you can decide to swap trade at a future date. The date may take a week or more depending on the investment’s time frame. This is normally done by investors.
Different Interest Rates

Forex trading is most of the time driven by different interest rates of various currencies. Usually, it is attractive to buy currencies with high interest rate while having short currency low interest rate. In a position with high leverage, the difference in interest rates has significant impact in Forex trading, no matter how small the interest differences are.

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.

Reviews for the Play Rock and Roll

Wednesday, November 5, 2008

If you have read the reviews for the play Rock And Roll
, you will perhaps be tempted to watch the show and learn first hand what everybody is talking about. It is a play by Tom Stoppard that in itself evokesconsiderable interest; such is the caliber of his work. It is not only thought provoking but also highly emotional.

What The Reviews For The Play Rock And Roll Say

Most of the reviews for the play Rock And Roll are extolling the finer points of the play enticing theatergoers to go and watch it soon. The play is being played at the Bernard B. Jacobs Theater, Manhattan. Please note that children below 4 years of age are not allowed inside the theater.

The book is by Tom Stoppard and direction is by Trevor Nunn. The cast includes Brian Cox – Max, Sinead Cusack - Eleanor/Older Esme,
Rufus Sewell – Jan, Brian Avers - Stephen, and Mary Bacon - Gillian/Magda. It also includes Nicole Ansari – Lenka, Quentin MarĂ© - Interrogator/Nigel, Alice Eve - Young Esme/Alice, Seth Fisher - the Piper/Policeman, and Alexandra Neil – Candida. Stephen Kunken – Ferdinand, Ken Marks - Milan/Waiter and Anna O’Donoghue – Pupil are also included.

The story spans between 1969 and 1990. It is about the life of a young Czech, Jan, who left Cambridge to go back to Prague. He is influenced by his professor, Max, at Cambridge and loves rock and roll. He takes along his favorite music only to watch it get destroyed. His life takes a turn for the worse as he spends time in prison. His wife, Eleanor, is a cancer patient who finally succumbs to the illness. The play sheds light on Czech history, communism and the effect that rock and roll had on people.

You can read the reviews for the play Rock And Roll and decide if you want to buy the tickets to the show. The best place to look for them is at an authorized ticket broker's website. They operate 24/7 and often have tickets to sold-out events too. They offer front row, orchestra and mezzanine tickets to the show. You can, in fact, select the kind of seats that you want by looking up the seating arrangement.

Most of the tickets brokers do offer reviews for the play Rock And Roll enabling people to make an informed decision. Then the interested person can book or buy the tickets by making a credit card payment. The information provided is secure as encrypted servers are used.

You can expect the tickets to be delivered at your doorstep within 24 hours of purchasing them, via Fedex. This way you end up with guaranteed tickets at reasonable rates. Be sure to book in advance if you are worried about their cost. Sold-out tickets or tickets that are purchased late can be costlier. Tickets for weekend shows also cost more than the ones to a matinee or a weekday show.

Demo Accounts Contest

ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you.

Secrets to Find the Best Online Investment Broker

Finding the best online broker isn’t easy. Information is incomplete. To complicate things even more online brokers aren’t forthcoming on basic information like cost per trade, fees, cash interest rates, and other critical information.

Authoritative sites give conflicting reviews and ratings. For example, the top rated online broker for JD Power in 2007 is the 12th place loser for Smart Money. To make things worse there are so many online brokers to choose from that even the reviews couldn’t decide whom to review. It’s common for some reviewers to completely leave off companies that received high ratings from another reviewer. Another problem is that some reviews are 2 to 3 years old.

In the information age you’d think someone (cough…cough… Consumer Reports) would have the solution, but they don’t. There are too many factors to make a final judgment on the best broker. The type of trader, account size, activity, research provided, customer service, and the amenities offered make each company fundamentally different.

In a way, rating online brokers is a lot like looking at vehicles. A dump truck is fundamentally different than a motorcycle. The dump truck reviewer will rank the motorcycle as a flimsy cheap vehicle that can’t haul more than a couple people. The motorcycle reviewer will discredit the dump truck as heavy, clunky, and a complete waste of gas. So which is better, the dump truck or motorcycle? Just like many things, it depends.

To find the best reviews try to find similarities in each review. Is there a company consistently in the top five? These brokers will likely be one of your top candidates as well. Another tip is to make sure the reviewers are comparing apple to apples. It happens regularly so be careful.

Try to find out the criteria for the review of each broker. One review might give your perfect broker a low score because they don’t offer check writing. If you didn’t care about check writing and that broker has everything else you want you might have missed them because of a poorly written review.

Another tip for finding a great broker is to know what’s important to you. Are you interested in Mutual Funds, are you an active trader, do you want to get into options, will you have a lot of cash sitting in your account, will you use margins? There are many things to consider. Some brokers will be very good in some areas and not so good in others. Knowing what areas are important to you will help you narrow down your search quicker.

The final thing to remember is spending more doesn’t always mean you get more. Most of these discount brokers went through tough times after the internet bubble burst. They had to become competitive while lowering prices. As they did this the tools, research, and service provided started to even out. You don’t need a premium broker to make money anymore. In fact, the big banks and investment firms have a lot more overhead than many smaller companies. Don’t believe the marketing that you’ll be getting more by spending more. It’s not always true.

Refer A Client

If you have any friends who trade in the Forex market, and may be interested in joining ForexGen.com, why not get a FREE cash bonus from their trading activities?The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:

1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.

2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can talk with one of our representatives on the live chat.