How to Leverage Your Capital In Order to Multiply Your Profits

Many beginning traders don’t fully understand the concept of leverage. Basically, if you have a start up capital of $5,000 and if you trade on a 1:50 margin you can effectively control a capital of $250,000. However, a two percent move against you and your capital is completely wiped out. If you are a beginning trader you should not use more than 1:20 margin until you get comfortable and profitable and then and only then you can attempt to use higher margins.
What does 1:20 margin mean? It means that with your $5,000 you will control a capital of $100,000. Let’s say you are trading EUR/USD and by using our entry strategy you have decided to enter the trade on a long side. That means that you are betting that USD will depreciate against Euro.

Let’s say current EUR/USD rate is 1.305. Again, if your trading capital is $5,000 and you are using 1:20 leverage you will effectively be exchanging $100,000 to Euros. If the current rate is 1.305 you will receive 100,000/1.305 = 76,628 Euros.
If the trade goes in your direction margin will work in your favor and 1% decline in USD will mean 20% increase in your start up capital. So if EUR/USD rate moves from 1.305 to 1.318 you will be able to exchange your 76, 628 Euros back to $101,000 for a profit of $1,000. Since your start up capital was $5,000 it is effectively a 20% increase in your account. However, if the trade went against you and USD appreciated 1% vs. Euro your account would be reduced to $4,000.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.


[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

Predicting Economic Changes Through New Housing Starts

The Forex market, like other investment markets, is closely tied to macroeconomic data that can positively or negatively affect the market. In fact, investors are often glued to the T.V. or to investment journals that detail the various ups and downs of an economy. One of the economic indicators that receive a lot of attention is the number of new housing starts.

Why is the number of new housing starts so important?
The number of new housing starts is crucial since it helps define where an economy or country is headed in the near future. In other words, the number of housing starts is a leading indicator of a nation's future economic health. If the number of housing starts increases, then the economy should be headed in the right direction. That’s because new housing projects require a great deal of investment and therefore, a bit of economic optimism.

It will in turn create a spiral effect, where consumers will spend more money on home furnishings and mortgages for their new homes. On the other hand, if the number of housing starts decreases, then it might spell trouble in the near future. In this scenario, investors might be hesitant in investing in a questionable economy, and the future consumerism related to new housing would not follow.

Details about the housing start report
The housing start report is published on a monthly basis (comes out around the 17th of each month), with a one-month lag time. The report consists of three main areas – the number of housing starts, building permits and housing completions. The number of housing starts is defined when the foundation is poured, and the number of building permits is counted when they have been approved.

Changes are shown as percentages from the prior month’s data. The data itself is divided into four geographical areas of the country, which gives a better feel for the economic climate of each region. For example, the southern region might show an increase in the number of housing starts, while the west could show a decrease.
Furthermore, the national aggregate report divides the data according to building types (single family homes, two to four resident units, and five or more resident units). The number of single-family housing starts is the most reliable figure since it gauges true consumer confidence, whereas multi-units are driven more by speculative investment.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
*White label
*Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

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

What Makes a Good Trading Strategy?

Ask most NEW traders, and they will tell you about some moving average or combination of indicators or a chart pattern that they use. This is, as the more experienced trader knows, an entry point and not a strategy.
Any trader who is more experienced will say a strategy should also include money management, risk control, perhaps stop losses and of course, an exit point. They might also say that you must let your profits run and cut your losses short. A well-read trader will also tell you that your strategy should fit with your trading personality.


BUT there is one other vital ingredient that many traders forget - and that is to fully understand the "personality" of what you trade. Some traders specialise in say, gold or Brent crude or currencies or they might specialise in a particular index such as the FTSE 100 or the Dow but many traders choose to trade shares. Indeed some traders dabble in a bit of everything. I think this is the area that causes many traders to fail or at least not reach their full potential.
I am sure that on the surface most people would say that sounds sensible but here is why it is a MUST!

Superficially, many charts look the same. I bet if you had not seen the charts for some time and someone where to show you a chart of Brent Crude over 6 months and then a chart of Barclays PLC over the same 6 months you would be hard pushed to say which was which purely on the look of the chart.

However, I bet that if you found a trader who trades ONLY Barclays day in and day out and also found someone who trades ONLY Brent Crude day in and day out, both of them would easily identify which was which. WHY?
Because every share, index or commodity has it's own "personality".
Some will be volatile intra-day, some will follow their sector or the main index (market followers), some will do their own thing, some will spike up and down regularly, some will stop at key moving averages and some will just plough through. Some will move by 5% on average before they retrace and some by 2%. Some will gap up or down regularly, some will not. You get the idea!
Therefore, no matter how good you are at analysing indicators, moving averages, trends and patterns, the same strategy WILL NOT work for everything. I would go so far as to say that a strategy that works well for Bovis Homes, for example, is likely NOT to work for BT Group - they have very different "personalities".

So let's return to our question: What makes a good trading strategy? Let me answer with a series of ten questions that you need to find answers to, in order to build a REALLY GOOD strategy.
1. What do you want to trade (share, index, commodity, currency, etc)? If your answer is shares (plural) I would urge you to pick one typical share at this stage to really specialise. You can add more later.
2. What "personality" does that share, index etc have?
3. What entry system is the most reliable for that share?
4. What stop loss system is the most effective for that share?
5. What average risk will a typical trade carry?
6. What exit system works well for that share?
7. What is your trading personality (attitude to risk, losses, discipline, how much do you worry etc) and can you trade that strategy without overriding it?
8. What timescale do you want to trade? (Using intra-day or end of day data)
9. How much data do you keep on past trades to help identify strategy weaknesses?
10. How does all this fit with your trading objectives?

Once you have an answer to each question you need to do one final thing. Make sure all those things fit together and complement each other. For example, if the ideal stop loss position represents a big average risk and conflicts with your own attitude to risk, you need to start again. If you will override your exit point because greed makes you hang in for more, you need to think again. Perhaps you shouldn't trade that stock in the first place - look for one with a different "personality" which will lead to a strategy you can trade comfortably.

It is a long and sometimes painful iterative journey. You might need to go round and round in ever decreasing circles over a long time. Testing and refining, testing and refining before you can truly have a reliable and repeatable strategy that REALLY WORKS for you.
THEN, you can look for other things to trade that have the same "personality" as your specialist stock, index, commodity or currency.
But if it were easy, everyone would be doing it right?
Good luck and enjoy your trading.

[ForexGen Money Manager]

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

Benefits of being a Money Manager with [ForexGen]:

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

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

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Best Times to Trade

EUR/USD
During the Tokyo session, the Euro only trades 15% of all volume so it is best to start watching the Euro late in the Tokyo session.It trades 39% of all forex volume during the London session. It can also be traded during the New York session.

GBP/USD
The pound trades extremely lightly during the Tokyo session. Start watching it near the end of the Tokyo session as it can start moving then. In the London session ,GBP/USD accounts for approximately 23% of all forex trading volume. The pound can be traded in the New York session also.

USD/JPY
During the Tokyo session,USD/JPY accounts for approximately 78% of all forex volume. This drops to about 17% during the London session.
Throughout 2005, we have noticed good daytrading setups during the Tokyo, London and New York sessions. Anyone with deep pockets could start setting the market direction. Therefore trade our setups whenever they appear. Good moves can even start when price is moving sideways.
The Tokyo session opens at 0.00 GMT or 7 PM EST and closes at 9.00GMT or 4 AM EST. The first hour after opening provides the best liquidity of the day.

The London session is the largest market and opens at 8.00GMT or 3AM EST and closes at 17.00 GMT or 12 PM EST. Trading is best between 7.00GMT and 10AM GMT.
The New York session opens at 13.00 GMT or 8 AM EST and closes at 22.00GMT or 5 PM EST. The best trades occur in the first 3 hours.

[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.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.

Why Hedge Foreign Currency Risk

Each entity and/or individual that has exposure to foreign exchange rate risk will have specific foreign exchange hedging needs and this website can not possibly cover every existing foreign exchange hedging situation. Therefore, we will cover the more common reasons that a foreign exchange hedge is placed and show you how to properly hedge foreign exchange rate risk.

Foreign Exchange Rate Risk Exposure - Foreign exchange rate risk exposure is common to virtually all who conduct international business and/or trading. Buying and/or selling of goods or services denominated in foreign currencies can immediately expose you to foreign exchange rate risk. If a firm price is quoted ahead of time for a contract using a foreign exchange rate that is deemed appropriate at the time the quote is given, the foreign exchange rate quote may not necessarily be appropriate at the time of the actual agreement or performance of the contract. Placing a foreign exchange hedge can help to manage this foreign exchange rate risk.

Interest Rate Risk Exposure - Interest rate exposure refers to the interest rate differential between the two countries' currencies in a foreign exchange contract. The interest rate differential is also roughly equal to the "carry" cost paid to hedge a forward or futures contract. As a side note, arbitragers are investors that take advantage when interest rate differentials between the foreign exchange spot rate and either the forward or futures contract are either to high or too low. In simplest terms, an arbitrager may sell when the carry cost he or she can collect is at a premium to the actual carry cost of the contract sold. Conversely, an arbitrager may buy when the carry cost he or she may pay is less than the actual carry cost of the contract bought. Either way, the arbitrager is looking to profit from a small price discrepancy due to interest rate differentials.

[ForexGen Academy]


If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

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

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

Forex Profits by buying and selling at the same time?

Let's say that a trader enters the market with a buy and sell active when a currency is at a level of say 100. The price then moves to 200. The buy will then be positive by 100 and the sell will be negative by 100. At this point we start breaking trading rules. We cash in our positive buy and the gain of 100 goes to our account. The sell is now carrying a loss of -100.

The grid system requires one to make sure that cash in on any movement in the market. To do this one would again enter into a buy and a sell transaction. Now, for convenience, let's assume that the price moves back to level 100.

The second sell has now gone positive by 100 and the second buy is carrying a loss of -100. According to the rules one would cash the sell in and another 100 will be added to your account. That brings the total cashed in at this point to 200.

Now the first sell that remained active has moved from level 200 where it was -100 to level 100 where it is now breaking even.

The 4 transactions added together now magically show a gain:- 1st buy cashed in +100, 2nd sell cashed in +100, 1st sell now breaking even and the 2nd buy is -100. This gives an overall a gain of 100 in total. We can liquidate all the transactions and have some champagne.

There are many, many other market movements that turn this strange buy and sell at the same time activity into gains. These will be covered in future articles and are covered in a free grid trading course which is available at the expert website for those traders whose curiosity has been aroused.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.


[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

Why "Follow-Through" Is Imperative For Your Market Position

was planning about the corn market and had a keen eye on it for a long time. I was waiting and hanging around for the market to show a big change in a persistent downside trend of the prices and counteract it. One day there appeared a little upside move in the corn price but was not near to counteract it. I was out of my workplace for coming days and was unable to meet my broker or the info about the rates. I made a call to my dealer and ordered corn for a buy-stop at a price which was much higher than the downside trend. It did so because I thought if it worked, it would be a very tough change in the price to counteract the constant downside trend and it will indicate an uphill breakthrough in the every day price bar map.

That day I had some jinx and blip in my mind which was disapproving my decision and asking me to take time and "follow through" the price tendency to make the price break sure. Next morning the corn's price inclination was high enough to strike my end and made me "in" the market. But it was not for a long time. Corn rates again overturned and threw my corn prices out soon.

The perception after observation is always true. But this mistake taught me the significance of patience and consistency to give the market enough time to indicate follow through movement to make a prospective trading arrangement sure. But a dealer also has some risk of absence and getting advantage of a big price change if he keeps on waiting. But it is more sensible to be cautious and wait for the market to verify the follow through movements in the coming days.

Sometimes market shows a relaxing session in the price movement and then verifies the great changes in the coming days. But mostly the follow through movement is going to come in the next session if expected.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
*White label
*Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

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

Forex Money Management

If you allow yourself to become emotional on a trade, you will not exit the trade properly, and this could mean holding on to a trade when you should have let it go, or letting go before the trade had a chance to turn profitable.

First and foremost, you should consider leverage and risk. It is advisable that you never risk more than two percent of your account balance on any trade. However, some go further and allow for as much as ten percent, but never more than that. This gives you the ability to withstand market fluctuations, and if the trade goes bad, you still have money to try again. You should never operate under the assumption that you will profit from every trade. You should also plan for losses. Therefore, most traders will tell you that the best thing to do is to keep your gains large and your losses small. Develop your trading strategy around this idea.

Keep track of your gains and losses. Keeping accurate and detailed records of your account activity will allow you to see whether or not the strategy is working, or if it needs to be re-built.

Never go blindly into trading without a way to keep track of results. You will lose all of your funds and never understand why it happened.

Finally, it is highly advisable that you first practice a strategy on a demo account. Nearly all brokers offer a virtual account whereupon you make trades in real-time, but with imaginary money, so nothing is risked. This is the best way to test a strategy before you put your real money on the line.

However, be careful, once again, of the psychology of trading. When you play with fake money, nothing is risked. When real money is on the line, you must not get emotional. If you do, you will find yourself with very different results, most likely losses, than you had with the demo account.

[ForexGen Money Manager]

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

Benefits of being a Money Manager with [ForexGen]:

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

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

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Risks of Trading in Forex Market

As stated in the introduction to this booklet, off-exchange foreign currency trading carries a high level of risk and may not be suitable for all customers. The only funds that should ever be used to speculate in foreign currency trading, or any type of highly speculative investment, are funds that represent risk capital i.e., funds you can afford to lose without affecting your financial situation. There are other reasons why forex trading may or may not be an appropriate investment for you, and they are highlighted below.

The market could move against you
No one can predict with certainty which way exchange rates will go, and the forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you close it out will affect the price of your forex contract and the potential profit and losses relating to it.

You could lose your entire investment
You will be required to deposit an amount of money (often referred to as a security deposit or margin) with your forex dealer in order to buy or sell an off-exchange forex contract. As discussed earlier, a relatively small amount of money can enable you to hold a forex position worth many times the account value. This is referred to as leverage or gearing. The smaller the deposits in relation to the underlying value of the contract, the greater the leverage. If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire deposit. Depending on your agreement with your dealer, you may also be required to pay additional losses.

[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.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other rival.

Oil Rises For Third Day Above $40 on Middle East

Oil rose for a third day on Tuesday as traders kept scrutiny on Middle East crude supply amid the Israeli-Hamas conflict, but prices were still on track to end the year down 60 percent, the biggest annual loss on record.
Crude jumped as much as 12 percent on Monday after Israel launched its fiercest air offensive in the Hamas-ruled Gaza strip in decades and prepared for a ground assault, raising concerns that enraged Arab crude-producing neighbors would react.
By 0142 GMT, U.S. crude was up 35 cents at $40.37 a barrel, while London Brent gained 25 cents to $40.80.

However, oil is still heading for a loss of nearly 60 percent this year, its biggest annual fall since futures began trading 25 years ago.
"Now, matters in the Middle East seem to be taking the forefront, overriding the global economic problems," said Gerard Rigby, an analyst at Fuel First Consulting in Sydney.
"I'll keep an eye on stocks and the dollar as well."

Four days of Israeli bombardment have killed more than 300 Palestinians, while at least three Israelis were killed in retaliation by Islamist militants in Gaza.
The conflict also weighed on the greenback, further boosting the investment appeal of dollar-denominated assets, including oil and other commodities.
The euro rose 0.6 percent against the dollar from late U.S. trading on Monday to $1.4062. The dollar declined 0.4 percent against the Swiss franc to 1.0552 francs, but rose 0.2 percent against the yen to 90.71 yen.

But economic worries continue to cap oil gains, with Wall Street sliding on Monday after a failed $17-billion joint venture between Kuwait and Dow Chemical threatened to unravel Dow's planned takeover of Rohm & Haas, one of the year's larger merger deals.
"People are still wary of the global economic problems. There is still pessimistic news coming out of the States," Rigby said.
The economic slump has hit fuel consumption worldwide, bringing crude prices down more than $100 a barrel from a peak of more than $147 touched in July.

OPEC agreed its biggest-ever production cut of 2.2 million barrels per day in December to fight the market's slide. The cartel has cut output three times in an effort to remove about 5 percent of world supply.
Ecuador said it will monitor oil markets after OPEC makes effective its January output cuts, to decide whether to back another emergency meeting by the oil cartel.
A poll of analysts ahead of weekly U.S. government inventory data forecast U.S. crude stocks fell by 1.4 million barrels last week, while distillate inventories rose by 1 million barrels and gasoline stocks increased by 1.5 million barrels.

[ForexGen Academy]


If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?

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

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

Dollar Falls Against The Yen in Night Trading

Dollar falls versus the yen in trading late Tuesday night

The dollar traded lower against the Japanese yen late Tuesday night. The greenback slipped to 90.38 yen from the 90.68 yen it bought in late afternoon trading.

On Monday, the dollar was worth 90.07 yen.

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.


[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

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.

How to Trade And Win From Risk Aversion in 2009?

In 2008, a perfect storm hit the world financial markets, flooding hundreds of firms to the level of bankruptcy and forcing many investors to liquidate their leveraged positions.

Many were quick to blame Wall Street, but only history will tell what was the real cause behind such a terrible year from an economic stand point. The truth is that the biggest housing and credit bubble in history continues to threat the entire global financial system and the once resilient global economy is slowly succumbing to tight credit conditions. In fact, I expect more pain in 2009, possibly triggered by a second wave de-leveraging in the financial sector and by more payment defaults in the U.S. mortgage sector.


Having said that, I expect risk aversion to dictate most of next year’s price action in the currency market which will probably help lower yielding currencies like the Japanese yen and safe-heaven currencies like the U.S. dollar. On the other hand, with the global economy slowing down is reasonable to think that the demand for commodities will also begin to slow down which could make the Australian and the Canadian Dollars very vulnerable going forward. I have been short AUD/JPY since the beginning of October 2008 and I expect the Australian dollar to fall to 50 yen in the first half of 2009.

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
*White label
*Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

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

US Dollar May Lose Further Against the Japanese Yen

USD/JPY Ratio: 1.33

Signal: Bearish

USDJPY – The forex trading crowd continues to buy into US Dollar/Japanese Yen declines, and such stubbornness suggests that the pair may yet fall further. That said, positioning has become far less extreme through recent trading.

The ratio of long to short positions in the USDJPY stands at 1.31 as nearly 57% of traders are long. This stands in contrast with a ratio of 2.11 at this point last week, and the slow capitulation from the forex trading crowd tells us that we are zeroing in on a bottom. Through the very short term we may expect the US Dollar to continue falling against the Japanese Yen, but a stronger shift in sentiment would signal that a turn is likely.

[ForexGen Money Manager]

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

Benefits of being a Money Manager with [ForexGen]:

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

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

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

Just What Goes Into Making A Successful Forex Trader?

Forex trading is the largest financial market in the world. The last twenty years the Forex market boomed to incredible heights. The rising amount of internet users supported the development of the Forex market. Forex is an abbreviation of Foreign Exchanges. Forex is often abbreviated as Fx.

Forex trading is fun and with a little practice, perception and experience trading Forex can be very lucrative. Forex trading is all about speculating on changes in the exchange rates of currencies such as the Dollar, Pound, Yen or Euro. Most often Forex traders develop a greater awareness of world news. After all, changes in the world, mean changes in the exchange rates.
Forex Trading is your partner when it comes to Forex trading. We admit the importance of choosing the right Forex broker. Read our extended Forex broker reviews to find the Forex trading broker that suits you the best.

Basics Forex trading Foreign currencies are always traded in pairs. Example: (USD / EUR) (GBP / EUR) (JPY / USD) The first currency is called the 'base' currency, the second is called the 'counter' or 'quote' currency. When a pair is listed as: (EUR / USD) the Euro is the base currency and the US dollar is the counter currency.
The US dollar is a world leading currency, therefore it's listed as a base currency more than any other currency.

Currencies are quoted in the following way:
• EUR / USD 1.4958
This quotation means that 1 Euro can buy 1.4985 US dollar. If the base currency's value would rise in comparison with the counter value, one Euro could buy more US dollars. We call this an increasement of the quote. When the opposite would take place, it's what we call a decreasement of the quote.

[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.
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Global Equities Rise, Dollar Slips Ahead of Fed

Investors bought stocks and sold the dollar on Tuesday ahead of a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy.

Wall Street looked set for a positive start, soothed by relatively good earnings from banking giant Goldman Sachs.

Oil was trading above $45, supported by expectations that OPEC will agree its largest supply cut ever later in the week.

The Fed is widely expected to cut interest rates to just 0.5 percent or lower. Futures markets are setting a two-thirds possibility of a 75 basis points cut to 0.25 percent.

With rates approaching zero, market players are now looking for clarity on what policy measures the Fed will consider using, such as outright purchases of financial assets, to help pull the economy out of a sharp recession.

Buying Treasury bonds, for example, would drive down yields even further.

"While an additional rate cut by the U.S. Fed is widely expected, market reaction to the cut is still very much uncertain, as another rate cut means the Fed is left with one less card to offer," said Lim Tae-gun, a market analyst at Daewoo Securities in Seoul.

Equity markets were generally positive with MSCI's main stock index in positive territory. If it stays that way for the month, the gain would be the first since May for the index, which is down more than 45 percent this year.

The pan-European FTSEurofirst 300 was up 0.7 percent after earlier been negative.

Euro zone manufacturing and services activity deteriorated by less than forecast in December, although both showed the economy to be contracting.

Earlier, Japan's Nikkei average closed down 1.12 percent.

OPEC TO CUT

Oil firmed after dropping 4 percent on Monday on persistent worries of a deepening economic slump. The weaker dollar, which tends to support commodities, also lent a hand.

U.S. light crude for January delivery was 80 cents higher at $45.231 a barrel.

Oil dropped to a four-year low of $40.50 on December 5 -- more than a $100 slide from its July all-time high -- as global economic turmoil depresses demand in large consumer nations such as the United States and Japan.

"OPEC could achieve limited success on Wednesday. They might do enough to stop prices from sliding further," said UBS economist Jan Stuart.

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In an attempt to build a floor under prices, Organization of Petroleum Exporting Countries ministers, who meet on Wednesday in Algeria, are calling for the largest output cuts ever to combat shrinking demand and bulging inventories.

On foreign exchanges, the dollar was lower against a basket of currencies.

The euro was flat at $1.3605 after earlier rising as high as $1.3738 platform EBS, the highest since mid-October.

The dollar dropped 0.9 percent to 89.90 yen, above a 13-year low of 88.10 yen hit on Friday.

The interest rate-sensitive two-year Schatz euro zone government bond yield was down 6 basis points at 2.098 percent.

New York Governor Signs Indian Cigarette Tax Bill

A New York bill intended to enforce collection of excise taxes on cigarettes sold at Indian-owned stores was signed into law Monday by Gov. David Paterson.

The new law will prohibit manufacturers from selling tobacco products without a state tax stamp to any wholesaler that doesn't certify the cigarettes won't be resold tax-free by New York tribes, a practice that has caused conflict between Indians and the state for years.

"This is a new approach, and we hope it will be the effective approach in terms of fighting this problem," Paterson said before signing the bill during a stop in Utica.

The next step will be for the state Tax Department to establish a certification process for wholesalers within 60 days, the governor said.

"We are trying to alleviate an issue that has existed for a very long time, but we won't be able to alleviate it just today," Paterson said. "This establishes right in the beginning of the process that New York state intends to collect taxes from its citizens who buy cigarettes."

Violators could have their licenses revoked and could be prosecuted criminally for perjury or filing a false instrument, the governor said.

The new law does not address collection of sales taxes or gasoline taxes, said Assemblyman William Magee, a central New York Democrat who co-sponsored the legislation.

The law shifts the collection from reservations to the manufacturing and wholesale level, a tactic that has worked to varying degrees in other states.

While supporters believe collecting taxes from the Indian nations in New York could generate hundreds of millions of dollars, Paterson said the experiences of other states show the figure would probably be slightly more than $62 million a year. The state excise tax is $2.75 per pack.

Convenience stores that operate near Indian-owned land have long complained of unfair competition from Indian retailers.

The tribes see the law as an attack on their sovereignty and financial well-being. The Seneca Indian Nation, which sells more cigarettes than any other New York tribe, urged the governor last week to veto the bill.

"Attacking tax-free commerce in our territories is short-sighted and disastrous for us and all of Western New York," Barry Snyder Sr., president of the Seneca Nation, said Monday.

Snyder said the tribe is exploring its options.

"The issue here is not cigarettes, but the protection of the Nation's treaty rights. We will do what it takes at the right time to protect those rights," he said, adding that Seneca leaders have invited Paterson to come to the Seneca territory to discuss taxes and other issues.

The Oneida Indian Nation, which sells cigarettes and gasoline at a string of stores throughout Central New York, also criticized the law.

"The only thing assured by the bill being signed into law today is ongoing litigation," the Oneidas said in a statement. "None of the State's other efforts to infringe on sovereignty have worked, and there is no reason to believe this will work either. If the State is serious about resolving this issue, it will negotiate with Indian nations rather than constantly attacking them."

Officials have long argued the state constitution and treaties authorize taxing Indian sales to non-Indians and previous governors have announced plans to collect hundreds of millions of dollars in sales and other taxes only to have negotiations with tribal leaders languish.

In 1997, the last time the state tried to collect the tobacco taxes, Seneca protesters used burning tires to shut down a section of the New York State Thruway, which runs through tribal territory in western New York.

Paterson downplayed the possibility of another confrontation, saying this time state officials gave tribal leaders notice about their plan.

"We are not trying to antagonize them as neighbors. We are not trying to create the notion of a threat," Paterson said. "We are holding fast to the notion that we have the right to collect taxes from our citizens buying cigarettes."

In November, authorities in Cayuga and Seneca counties raided two convenience stores operated by the Cayuga Indian Nation in Seneca Falls and Union Springs and seized 17,600 cartons of cigarettes.

Last week, the Cayugas shut down the stores after a state judge ruled the tribe did not have sovereign rights to sell tax-free cigarettes.

State Supreme Court Justice Kenneth Fisher also ruled the counties could pursue criminal tax-evasion charges against the nation. The Cayugas have said they plan to appeal the decision.

The American Cancer Society, the American Heart Association and the American Lung Association of New York called the new law "a huge public health win for all New Yorkers," saying it would reduce the number of people who smoke and lower health care costs from cigarette-related illnesses.

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Uncertainty Over Bailout Casts a Pall Over Detroit

Consumers, suppliers, workers and dealers all worried about the future of the US auto industry

Even amid the festive atmosphere of a downtown ice skating rink, it's impossible to escape the worries the Motor City faces as the U.S. auto industry waits to see whether it will get a lifeline from the federal government.
"People are scared to death. You can't have a conversation without it coming up," said Jeff Doyle, who was watching his children skate at Campus Martius Park, just a few blocks from General Motors' headquarters and its giant blue GM logos that loom over the city. "Everything here is related to the auto industry."
Nearly everyone in the Detroit area has a family member or knows someone involved in the industry, and the uncertainty of its future, along with the recession, is painting a definite pall over the holiday season.

Doyle, the only person in his immediate and extended family working outside of the auto industry, said Saturday that there's an "underlying tension" among his relatives and friends with the fate of GM and Chrysler up in the air. Everyone's trying to remain upbeat during the holidays, he said, but family gatherings "certainly won't be as extravagant."
The fates of thousands of auto suppliers and dealers across the country are also in limbo as they wait to see what will happen to General Motors Corp., Ford Motor Co. and Chrysler LLC.
Hopes for government help have been seesawing all week. The House on Wednesday approved a plan endorsed by the White House to provide $14 billion in loans, only for it to run into opposition from Republican senators Thursday night.

Then, the White House said Friday that it would consider using part of the $700 billion financial industry bailout to help the car companies. There were few details Saturday about the size or length of the help while Bush administration officials talked with the automakers.

GM and Chrysler have warned they are running out of cash and face bankruptcy without some form of assistance by year's end. Ford is in better shape financially but wants access to a line of credit in case U.S. auto sales keep declining.
Dave Green, president of United Auto Workers Local 1714, which represents about 1,100 workers at a GM fabricating plant in Lordstown, Ohio, said the bailout's uncertainty makes it hard to feel good the future, even though an adjacent assembly plant is scheduled to begin production in 2010 of the Chevrolet Cruze, a fuel-efficient small car that aims to get around 40 miles per gallon.
"If GM runs out of money, obviously the fear is that something will happen to that product," Green said. "That car is the future of our workers. It's the future of our community."

Also at risk are the thousands of jobs tied to the auto suppliers, which produce everything from axles to electrical components for not just the U.S.-based automakers but their foreign rivals as well.
If one of the Detroit automakers was to file for bankruptcy protection, many suppliers could follow, setting off a chain reaction that would disrupt the production of every other company that builds cars in the U.S., said Dave Andrea, vice president of industry analysis and economics for the Original Equipment Suppliers Association.
Andrea said it may be impossible to predict just how far-reaching the ripple effect of an automaker bankruptcy could be.

"I think the greatest uncertainty is that we've never experienced a Chapter 11 as complex and with this kind of a supply chain as any of the vehicle manufacturers," he said.
Ann Wilson, senior vice president of government affairs for the Motor & Equipment Manufacturers Association, said the White House needs to provide the automakers with enough financial help to get them through the end of the year.

"Right now, what we need is some stability in the system," Wilson said.

Auto dealers are hoping that their industry will stabilize soon and reverse this year's steep sales decline. Worries about unemployment and difficulties getting loans have scared consumers away from dealer lots this year, sending vehicle sales to their lowest levels in 26 years.
J.R. Dugan, co-owner of Dugan Chevrolet in Avon, Ind., said he's confident that the automakers will eventually get the money they need, whether it comes from Congress or the Bush administration.
"We're going to have to kick and scream a bit more, but the Big Three will get what they need, no doubt," Dugan said. "I mean it's not too concerning, but it's pretty frustrating to see what has to be portrayed to the public, to the consumers."

Dugan said his sales started to improved at the beginning of December when it looked like a bailout would make its way through Congress. He said he remains cautiously optimistic that trend will continue through the month.
Back in the Detroit area, one of the worst hit by the recession, even those not directly associated with the auto industry are cutting back.
"This situation doesn't help at all. It's somewhat gloomy," said Cedric Franklin of Detroit, at a going out-of-business Circuit City store in Dearborn, Mich., near Ford's headquarters. "It doesn't feel much like Christmas at all."

A turn for the worse with one of the Detroit Three would exacerbate the economic situation here, as local residents fear being hit by the dominoes that would begin to fall if an automaker goes broke.
"I think this is affecting everyone's shopping habits, everyone's a little apprehensive," Jerry Johnson said as he left the electronics store. The Southfield, Mich., resident said his extended family committed to spending less this season, with each buying a gift for one relative, instead of gifts for all 25.
"It won't make Christmas sadder," Johnson said. "I think in a weird sort of way we might enjoy it more since we don't have the pressure of paying for all those gifts."

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