Research and Markets: An Analysis of Orbital Sciences Corporation: Also Covering the U.S. Search, Detection, Navigation, Aeronautical, Nautical System and Instrument Manufacturing Industries
Research and Markets
has announced the addition of the "Orbital Sciences Corporation and the U.S. Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing Industry" company profile to their offering.
The Orbital Sciences Corporation company report details the company's key financial data, business operations, technology and patent activities, financial benchmarks against the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry in the US, and that industry's pertinent information such as financial data, downstream industries, competitive landscape, upstream industries, and industry structure.
This company report provides a breadth of information on the company and its relevant industry in the US - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry, represented by the 6-digit NAICS code 334511. The report first presents the company data, and then presents industry data in a similar, logical flow for the reader to draw relevant comparisons. The complete understanding of the company and its industry allow for better forecasting of specific and industry-wide trends in times of economic uncertainty. This detailed information resource contains at least 5 years of independently researched industry statistics cross-referenced with the relevant U.S. and international economic indicators. All data have been verified to ensure the highest quality.
Company Revenue Preview
Orbital Sciences Corporation generated $1,084M, $803M, and $703M worth of revenue in the fiscal years ending approximately December 4, 2007, 2006, and 2005. In those respective years, the company's gross profit margins were 17.3%, 19.8%, and 17.9%.
Excel Datasheet
The data presented in the report is also included in an Excel file for further analysis and data manipulation. It includes all of the companys financial data presented in the report (income statement, balance sheet, cash flow statement, segment data, financial ratios), executive compensation, subsidiary listing, USPTO patent activities (dates, application numbers, abstracts), and links to SEC filings. This valuable resource provides the freedom and convenience to conduct further research into the company at your will, be it data-mining or integration into forecast models.
Report Summary
This 90-page research report provides an unparalleled breadth and diversity of information on Orbital Sciences Corporation and its relevant industry. The two-part presentation of data, company and industry, paints the most complete picture of the company and its business. The summary of the company's operations and structure, backed up by crucial financial numbers, allows one to quickly understand the company. And the inclusion of hard-to-find data such as sales by segment, patent activities, subsidiary listings, and executive compensation further enhance this research.
The industry data, with a macroeconomic perspective, provides the indispensable context of the arena in which the company operates. This unique insight is provided by the enclosed sections covering the industry. In the cost analysis section, 71 upstream industries are analyzed to offer insight into the supply chain cost structure. For the channel and pricing structure, 24 downstream industries are analyzed. The competitive landscape section provides the number of companies and their revenue share within the industry, the market concentration, and a list of major players. All related trade associations, industry standards, and trade publications are also listed.
Our clients include Fortune 500 companies, manufacturers, international top consulting firms, major retailers and wholesalers, professional trade associations, financial corporations, universities, governmental entities, start-ups and individuals. We are committed to providing the highest level of quality to all our clients and assure your satisfaction in the report delivering as promised.
ForexGen Trading Station
ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own.
ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex.
Friday, 28 November 2008
ForexGen | An Analysis of Orbital Sciences Corporation
Thursday, 27 November 2008
ForexGen | DCS Announces At-Par Redemption Notices
DCS Announces At-Par Redemption Notices for Auction Market Preferred Shares
The Fund will redeem $10 million of its outstanding AMPS. The redemption price will be equal to the liquidation preference per share, plus accumulated but unpaid dividends as of the applicable redemption date (as noted in the table below). Following this redemption, the Fund will have $115 million of AMPS outstanding.
With respect to this partial redemption, The Depository Trust Company (DTC), the holder of record of the Fund’s AMPS, will determine how the partial series redemptions will be allocated among each participant broker-dealer account, which may include selecting AMPS to be redeemed by lot or such other method as DTC deems fair and equitable. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.
Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as the Fund’s Investment Adviser. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing and/or distribution on approximately $13.8 billion in assets, as of September 30, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.
Dreman Value Management, LLC, the Fund’s Investment Manager, was founded by David N. Dreman in 1997, and its predecessor firms date back to 1977. The firm had approximately $14.3 billion in assets under management as of August 31, 2008, primarily across institutional accounts, separate account wrap-fee programs, high-net-worth individuals and various investment companies. Independently owned, the firm is a value-oriented contrarian equity manager and places its primary emphasis on common stocks with growing dividends. David Dreman is widely known for his association with Forbes where he has penned a column entitled “The Contrarian” since 1980 and for publishing four books on low P/E contrarian value investing and behavioral finance.
This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Investment Risk, Market Discount Risk, Interest Rate Risk, Credit Risk, Lower-Grade and Unrated Securities Risk, Leverage Risk, Issuer Risk, Country Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller Company Risk, and Market Disruption, Geopolitical Risk and AMPS Risk.
ForexGen Platform Advantages
The major benefits of our platform:
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ForexGen online trading platform could accurately cover all the financial market situation, trading execution actions at Forex markets.
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Variable currency could be exchanged where any currency could be considered as general currency in the whole online trading operation in all the countries with the their national currencies.
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Our trading platform enables implemented data transfer for their economy. It allows supporting great number of online currency exchange traders via a single server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB HDD. Using recent protocols decreases the requirements of the data link and their execution cost.
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ForexGen platform offers a backup and restoration system to handle any damaging to the historical data. In addition, it supports a system which allows restoring the damaged historical databases in course of minutes using another server.
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The whole information exchanged between the different parts of the system is encrypted by 128-bit key which assures the safety of the transferred data and prevents any other person form utilizing this data. To increase the security our system is a built-in DDos attacks guard system it also increases the stability of the server accessing.
• Provided by many languages
A Multilanguage Pack program is provided with ForexGen platform offering many languages where the trading platform interfaces could be translated to any language. Our Multilanguage pack enables the trader to build his language and integrate it into the platform. This multilingual service facilitates utilizing our trading platform to the worldwide trader.
• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the customization of the platform according to the trader's desire.
Wednesday, 26 November 2008
ForexGen | Short-Term Forex Technical Outlook USD/JPY
Risk trends remain a dominant theme in the currency market, and continues to favor a bullish outlook for the Japanese yen.
Currency Pair: EUR/USD
Chart: 60 Min Charts
Short-Term Bias: Bearish
Analysis 
Risk trends remain a dominant theme in the currency market, and continues to favor a bullish outlook for the Japanese yen. After reaching a low of 90.90 on 10/24, the USDJPY surged to a high of 100.58 on 11/4, but has pared gains over the past two weeks to hold within a broad range. The dollar-yen made a few attempts to push higher, but the lack of momentum suggests that investors remain bearish against the pair. At the beginning of the week, the pair surged higher to cross above 96.90-97.00 (38.2% Fib level), but retraced those gains to break back below the 120 SMA. Over the remainder of the session, we may see the pair to work its way down towards 94.60-70 (61.8% Fib level), and a break below this level could send the pair back towards the October lows over the near-term.
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.
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* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
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.
ForexGen | Euro, British Pound Retrace as Risk Trends Look Uncertain
The Euro and the British Pound pulled back from US session highs in overnight trading as mixed results on Asian stock exchange painted an increasingly uncertain picture of risk sentiment. UK Gross Domestic Product and German CPI are set to offer predictably dour results, with forex traders likely looking past the European calendar to US releases for direction cues.
Key Overnight Developments
• Euro, Pound Pull Back From NY Session Highs
• Risk Trends Murky as Stocks Send Mixed Signals Overnight
Critical Levels
The Euro pulled back below the 1.30 level in overnight trading having reached as high as 1.3080 in during the US session. The British Pound followed suit, edging towards 1.53 having fallen over 200 pips from the high at 1.5534.
Asia Session Highlights 
With no market-moving data on the economic calendar, trading in the forex markets took on a corrective tone overnight with the US Dollar recapturing a bit of lost ground after the sharp selloff in the US session. The greenback tumbled as risk appetite rebounded just before the opening bell on Wall St when the Federal Reserve announced it would commit up to $800 billion to boost credit access for consumers, homebuyers, and small businesses. The central bank said it would offer $200 billion in a program to extend lending directly to credit-seekers as well as spend $600 billion on buy up debt issued or backed by government-chartered companies like Fannie Mae and Freddie Mac. US Treasury Secretary Henry Paulson said the direct $200-billion facility was just a “starting point”, stressing that “It’s very important that lending continue to be available” in the absence of private firms’ willingness to dole out loans.
ForexGen White Labels 
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
ForexGen | Post of The Day: EUR/CHF
Power Course Instructor’s Response:
Yes. That is the way that the Fibonacci tool would be used in a downtrend. Keep in mind, however, that price can retrace beyond the 50.0% level. Wait until at least two wicks break above the 50% level before making the determination to take a short position. A stop can be placed a bit above the highest wick in the formation.
Also, for the most accurate usage of the tool, be certain that the line is drawn from the top of the wick on your Swing High to the bottom of the wick on your Swing Low in a downtrend. 
The reverse would be true in an
uptrend.
See the chart below for an example...
ForexGen Introducing Brokers
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* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.
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.
ForexGen Trend of The Day: GBP/AUD
The Daily Trend for the Day: GBP/AUD
GBPAUD appears to have completed its 3 wave correction to the 61.8% Fibonacci support area after reaching new highs back in October.
MACD is below the zero line but heading upward and Stochastics is point up as well. Look for the 2.6000 to be reached in the coming days. A break below the 2.1550 area would invalidate this bullish scenario.
ForexGen Customer Support
We provide a full time assistance service to support our customer in dealing easily with ForexGen trader software. Even if you face any problem during downloading or setting up the software, we will help you overcoming it.
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Calling the dealing room is restricted to placing orders, no support or help desk issues are permitted to be placed through the dealing room numbers. These numbers are extremely busy and only attended by dealers who will not handle any other kind of issues.
Monday, 24 November 2008
Forex scalping
Forex scalping and day trading are more popular than ever but it's simply the best way to wipe out your equity quickly. Here we will give you the facts about forex scalping and why it is based on unsound logic which will see you lose.
First let me ask you a question:
There are millions of traders all around the world from banks to private traders, trading trillions of dollars all with different methods, motivations and diverse opinions.
How is it possible to tell what this huge diverse mass will do in a few hours?
Know the answer?
Well if you do you can make money at forex scalping - but it's obvious that you can't predict what this vast mass will do in a few hours but forex scalpers try. Here are some of the answers you get form vendors selling systems .
1. Support & Resistance is Valid In a Day and can be Traded
Fact: Its not - volatility is totally random, prices can and do go anywhere and support and resistance levels in daily time frames are not tradable.
2. Markets Move Scientifically
Fact: This is absolute rubbish! If there were a scientific theory that worked, everyone would know the market price in advance and their would be no market! Markets move because they are not certain and while human nature is constant it certainly is not logical and predictable with scientific accuracy.
Anyway, if anyone had found a theory that worked all the time they would be to busy making money to bother anyone else.
You will see lots of forex scalping courses on the net, all promising 50 ticks a day, regular incomes and the ability to predict prices in advance - It's a wonder anyone has to go to work! Buy one of these for $100 odd bucks, sit back and earn money for doing nothing - if only it were that easy.
If ever you see a day trading or forex scalping track record it's a simulation - simply look for this disclaimer or a similar one:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
So there you have it - a vendor can make up any track record he likes in hindsight and of course they do (they have the sense not to trade it themselves) and simply put the above disclaimer on it.
Naïve and greedy traders can't resist it like bees at a honey pot, later they get a sharp lesson in trading reality - a wipeout.
The way To Make Money in FOREX
Is to forget day trading and forex scalping and trade time frames where you can get the odds in your favor and that means forex swing trading or forex trend following. The former looks for trends of a few days to about a week and the latter for weeks or months. Which you choose is up to you but with both methods ,the data is long enough for you to calculate the odds and enjoy currency trading success which is more than can be said for forex scalping.
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Wherever you look on the net
you will say adverts for forex scalping and day trading systems which promise regular profits that can make you rich but there is a problem, none of them work, because forex scalping is based on logic that simply is not correct...
The problem of course is prices are determined by humans and I such short time spans as a day you have no way of knowing which way prices are going to go.
Millions of traders all using different methods and governed by the emotions of greed and fear cannot be predicted in such short time spans. This means that daily volatility is random, prices can and do go anywhere in a day and support and resistance is meaningless.
You will always see track records that make huge profits presented but they are all done knowing the closing prices! Let's face it if a track record looks to good to be true it normally is and this applies to forex scalping and day trading systems.
You can simply look for a disclaimer and you will normally find this one or similar on any track record.
"CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN".
Of course if we all knew today's prices in advance, we would all be rich but we don't.
Forex trading is harder - you have to trade going forward not backwards.
Vendors who sell these systems simply use hyped copy and a simulated track record to appeal to naïve or greedy traders - they know the system doesn't work, so they don't bother trading it - they simply make up a track record.
Despite the hype, forex scalping doesn't work and you need to trade the odds to win and that simply is not possible in short time frames.
There are two ways to make money in forex trading, you can either swing trade which takes advantage of trends that last for a few days to a few weeks, or long term trend follow which takes advantage of moves that last for weeks or months.
If you want to enjoy currency trading success, you need to trade the odds - to do this you must have valid data and data within a day or less is not valid.
Forex trading is not easy and you wouldn't expect it to be with the rewards on offer but if you learn forex trading the right way and spend some time on your forex education, you can make big profits and for the effort you put in no other business offers you more in terms of rewards.
So forget forex scalping systems and look to trade the odds, using valid data and this will lead you to currency trading success.
Forexgen Live Accounts Contest
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
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Forex Scalping
Forex scalping is a short term method of day trading and forex scalpers are looking to take small profits regularly by timing moves on hourly charts. The idea is to only take small profits but get lots of them, to build profits over time and earn a big consistent income. There are lots of forex scalping systems for sale but how do you pick a winner?
The first thing you need to do, is look at the track record of the scalping system presented to you and check for a disclaimer. If you see the one below ( or one with a similar wording), you need to forget the system and look at others. Here it is read it carefully:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Basically, the above means the forex scalping system has not been traded and the vendor has simulated the track record in hindsight. A disclaimer like this, tells you nothing about the profitability of the system, as of course if we all knew tomorrow's price today, we would ALL be rich!
Making money in hindsight is easy, but we don't have that advantage in the real world.
Now you may be thinking well that's obvious enough - I Will just find a real time track record of forex scalping profits.
Get ready for a long search then! Why?
Well I have been searching for 25 years and not found a real time track record and the reason is:
Forex scalping doesn't work over the long term, because the logic it is based upon is fundamentally flawed.
The logic is, you can predict where prices will go in just a few hours - but of course you can't do this.
Volatility in short time frames is simply random.
Volatility can go anywhere in a few hours (and does) so, all that happens is stops get hit and you end up with lots of small losses. Because you are not running profits to cover them, you are simply destined to lose.
You can't win long term, as even if you are lucky - luck doesn't last forever!
Vendors know it's a good and appealing story - but that's all it is.
You never see a real time track record of gains and you have to wonder why a vendor if he really believes forex scalping works, doesn't have the track record to prove it.
Why ForexGen?
- Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
- Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
- ForexGen offers Forex trading in the major currency pairs and crosses.
- Low capital start, with $250 as a minimum account size.
- Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
- ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.
Forex Scalping
is one of the most popular ways for new traders to get into forex trading and offers the appeal of regular profits and low risk. In this article we are going to cover all the facts related to forex scalping for beginners, so lets get started.
Forex scalping in essence, looks to trade within daily time frames making small regular profits, using tight stops to generate big profits overtime - the big problem is it has never worked and never will.
Why?
Because the logic it is based on is simply incorrect and if you read on, we will tell you why and show you the evidence, which shows why one of the best ways to lose money in forex trading is.
Let’s take a look at the market first and how they move.
We have trillions of dollars traded daily, by millions of different traders and to say that you can say what this vast mass of traders is going to do in such a short time frame, as a few hours is laughable.
Fact:
All short term volatility is random.
This means that prices can and do go anywhere in a day – support and resistance levels are not valid, so it doesn’t matter how good your technical indicators are they will fail in this random environment.
I have seen successful track records though!
Sure you have – and their sold by vendors with a vested interest.
There are loads of them and they are all designed to bring forex scalping to beginners - for a few hundred bucks you get rich, sure you do.
Take a reality check!
These vendors make money selling forex scalping systems, NOT trading them - their far too clever for that.
What you will see is an unbelievable track record that shows great profits with little or now drawdown and common sense tells you that if it’s too good to be true and it most are!
Many traders however fall for the ploy and buy the system, lose and wonder why.
If they were to take a closer look at the forex scaling track records presented, they will see the words “hindsight” or “simulation” written all over the track record as a disclaimer.
What does this mean?
Well – the track record is done in hindsight and simulated, knowing the closing prices!
How hard is that?
My eight year old daughter could do that and so could anyone who can read and write and you can to – these track records are totally meaningless and really not worth the paper their written on.
You can of course find a real-time track record but you will spend a long time in your search – I have spent 25 years trying, so if you find one let me know.
The fact is forex scalping for beginners takes advantage of naive and gullible investors who think winning is easy and they don’t stop to think about the reasons these systems cannot and never will work
If You Want to Win
You need to trade the odds and that means using time frames that allow you to get the odds in your favour and this means trading longer term.
If you are a beginner at forex trading and want to get a forex education that will help you win look at forex swing trading or long term trend following here you work with valid data and can get the odds on your side.
Avoid forex scalping and forex day trading and like I said earlier if you find a real time track record let me know.
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Friday, 21 November 2008
ForexGen Day Trading
This refers to the practice of buying and selling currencies pairs such that all positions will usually be closed within the same Forex the trading day. The day trading idea comes from stock market. Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.
But in Forex market, every one can be a day trader to do day trading. Actually, more than day trading, they can do "scalping".
Scalping:
Scalping is a trading style where small price gaps created by the bid-ask spreads are exploited. It normally involves establishing and liquidating a position quickly, usually within minutes or even seconds. It means trying to get a few points (1~3 pips only, no greed, no long term) off the market every time. This strategy is based on a fact: approximately 70 to 80% of the time, the market is in a consolidation pattern. What this means is that for the majority of time the market is not making significant moves. For example, after the USA market is closed and before the Europe market is open, the Forex market tends to range in a consolidation channel for hours at a time before making another significant move in one direction. This kind of market behavior pattern is ideal for Forex scalping. Every time you enter the market, wait 10 or 20 minutes, once you have several pips gain then cash it and go.
Scalping has some features:
1, Lower exposure, lower risks. Scalpers are only exposed in a relatively short period.
2, Smaller moves, easier to obtain. The normal wave of the market will give you several pips easily.
3, Large volume, adding profits up. Since the profit obtained per share or contract is very small due to its target of spread, they need to trade large in order to add up the profits. Scalping is not suitable for small-capital traders.
But be careful, not every broker welcomes this kind of scalping strategy. If you scalp it too quick and thin, let's say you just hit 1 pip every 2 or 3 minutes then run, and repeat it again and again within a day, every day, you must feel high, eh? But the broker may be not happy and bans you. You will be kicked out because of your successful scalping!
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.
ForexGen | a Simple Route to Forex Profits
If you want to get started in currency trading, currency swing trading is ideal. Here is a simple, easy to understand swing trading system to help you trade currencies for profit.
Swing trading is based on sound logic, unlike forex scalping or day trading which is the route a huge amount of traders go and lose.
Forex day trading and scalping doesn't work, because volatility in short term time frames is random, so you can never get the odds on your side.
Currency swing trading though involves using valid data of around 2 - 7 days which is valid and is based on the following logic.
Markets move to the following equation.
Fundamentals + Trader Perception of = Price
It's not the facts that are important; it's how traders perceive them that is.
Traders will always push prices to far away from the fundamentals, when greed and fear take hold.
Prices then become overbought and oversold in the short term and by executing trading signals against these overbought and oversold levels, the trader can make a profit, as prices return to more realistic levels which are in line with the fundamentals.
These price spikes are easy to see on a forex chart.
The trader can use the following method to take advantage of opportunities.
1. Look for a price spike
You are looking for price spikes, that make the market overbought or oversold in the short term and look for a level you think will hold.
2. Use Momentum Oscillators
These will show you when short term prices are overbought or oversold.
We have discussed them fully in our other articles. Some excellent ones to use are - the stochastic, RSI, ADX AND MACD.
These are visual indicators and you don't need to know the calculation, just look at the visual set up.
When currencies become over bought or oversold, you look for a price change in the opposite direction, supported by momentum changing in the direction you wish to trade.
3. Stop and Target
When you get the chance to execute your trading signal, put your stop behind the area of support or resistance you are trading into.
You then need to look to take your profit early if the price moves your way and do it, just before it reaches an important level in the other direction.
You should always take your profit early, before other traders do, as this keeps the odds in your favour.
The above is simple to do and can make big profits.
Currency swing trading is ideal for novices, as it's easy to understand, you get plenty of action and of course, it can be very profitable.
ForexGen Trading
The Foreign Exchange currency market is known as FX. It is the simultaneous buying of one currency and selling another, currencies are traded and exchanged in pairs. Traders are all unified on one goal, making profit. Profits are produced when the prices move in the trader direction.
In the past, Forex markets were accessed only by larger financial institutes, investment banks, large multinational companies, global money managers, international currency dealers, and liquidity providers. Lately, online trading is offering trading platforms for each individual who wants to trade currencies in order to gain profit.
Wednesday, 12 November 2008
ForexGen NDD Accounts
Time when traders are to be millionaires!Due to the fact that 'No Dealing Desk' option is designed for all types of traders, ForexGen has given it much concern for more benefits. ForexGen NDD traders are wiling to open NDD accounts with as low as $5000 for individual account. An amazing chance for NDD traders to open ForexGen NDD accounts with $5000 instead of $20.000.
Come in traders and burst into the market, time to show the world your power.
Bonus on Deposit in ForexGen
ForexGen sole aim is to make its clients reach the utmost satisfaction possible. It is not ramble, it is true and all our clients' testimonials are proofs on that.
Every now and then, ForexGen concerns of adding new offers for all traders. And because ForexGen is individualized in approaching revenues, there released a new offer for the current and new clients.
ForexGen's offer for its clients in November 2008 is adding 25% bonus on the deposited amount. This is for both new and existing clients. The moment you fund your money, a 25% will be added immediately to your deposit. Hence, trading with as large amount as you can.
About the period of this offer, it will be expired by 11-12-2008. So, make haste and catch it before it ends.
Refer a Friend Promo to ForexGen
Imagine that if you refer your friend to just open a mini account and gain $10!
So, how much money are you going to make if you refer all your friends?
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ForexGen Pro Accounts
ForexGen… We Enhance Your Performance
There are some questions needed to be asked to yourself:- Are you interested in trading Forex?
- Do you have enough experience to trade on high amounts?
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If so, then this is your time to do it.
ForexGen concerns with all traders types and is anticipating for their benefit. So, for professional Forex traders, ForexGen has made an amazing offer. The minimum deposit to open a Pro Account it still $1000 instead of $5000! All ForexGen Pro traders are going to fund their account with as low as $1000 and, hence gaining 25% as a bonus. This offer is valid till the end of the current year,
ForexGen Premium Accounts
Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.
For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.
Along with this offer, premium account users will find their accounts ZERO spread! This offer is valid till 11-12-2008. Therefore, the chance to gather huge gains is prodigious.
Rebates Trading Activities in ForexGen
Send your mind to posture and see how you can get money from your normal trading activity!
This is what ForexGen offers its clients, commissions on trading activities. And what is amazing here is that this offer is for both existing and new clients.
For all ForexGen traders, open live accounts and make your new deposits and earn in turn 10 cents on each mini lot you open on your live account, and $1 on each standard lot you open on your standard account. In making such, how much money do you think you can make? Definitely there is much to be counted.
Monday, 10 November 2008
Forex Scalping & Scalping Methods | ForexGen
Forex scalping is one of the most used and highly demanding forex trading strategies nowadays. In the Forex scalping methods, trading is done over shorter time frames and profits are taken after relatively small moves in the market.
Since the time that the position is exposed to the market is shorter, small profits are taken more frequently in Forex scalping methods. Therefore, it has less chance of facing the market events that may cause the price to go against the trade.
Forex scalping method of trading is different from other traditional forex trading methods where the profits are allowed to run and losses are cut shorter.
When somebody is scalping the market he/she is not looking for the big move of the markets; instead he is looking for the small moves in his favour that will result in significant gain without any risk or insecurities involved in waiting for big move.
Forex scalping is nothing but playing with spreads. In the Forex scalping method a currency is bought at the Bid price and sold at the Ask price to gain the bid ask difference.
This procedure is profitable in the case even when the Bid and Ask prices don’t even move. Traders even pay market price for any currency because they can make profit by doing that as well. The Forex scalping method normally involves establishing and liquidating a position quickly, usually within minutes.
People who are expert in forex scalping methods of trading are the markets makers or specialists who are into maintaining the liquidity and order flow of a product of a market. These forex market makers can have superior execution speed as an insider. They also have a greater knowledge of trading and actual market situation due to their information gathering capacity.
Scalpers are only exposed in a relatively short period. They do not hold overnights. So, the exposure they get is lower than other trades while the risk is also less in this type of trading. Here are some of the factors that affect Forex scalping:
1. Liquidity: Scalpers like to trade in more liquid market since they can make thousands of trades a day to add up their small profits offered on each trade.
2. Volatility: Stable forex market attracts forex scalpers. If the prices don’t move throughout the day, the scalpers can still make profits by placing their orders on same Bid and Ask and can make thousands of trades. They do well in trade, as they don’t have to think about sudden price changes.
3. Time frame: The scalping method of Forex trading is done on a very short time frame. People even make profit from the market waves that are too small to be seen even on the one-minute chart. Therefore, the more the number of moves during the day the scalper can make more profits.
Forex scalping is very easy to follow if you know the basics of forex scalping method of trading and have a Forex Scalping Platform to help you scalping various currencies. The whole secret is to get in and get out of the market as quickly as possible.
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.
Forex Scalping | ForexGen
Forex scalping is a trading strategy in which the trader makes dozens or even hundreds of trades daily, looking to capture a few pips per trade. Generally, scalpers stay in trades for less than a minute, bolting as soon as their position captures a few pips.
Brokers do not look kindly upon scalpers, as many times scalpers will exit a position before the dealing desk has time to deal your order. This means that the brokerage has to eat the position—a successful scalper will consistently earn money—money that comes directly from the brokerage’s pocket.
To avoid this conflict of interest between scalpers and the brokerages, scalpers often trade with electronic communication network (ECN) brokerages, which circumvent the dealing desk allowing online traders to trade directly with one another. ECN brokerages usually have less liquidity than traditional dealing desk brokerages and charge a per trade commission, but their pip spreads are narrower.
To be a successful online Forex scalper, traders must follow strict risk management rules. Because the scalper grabs only a couple of pips at a time, one big loss can wipe out dozens and dozens of careful, meticulous trading. Traders should be sure to use stop loss orders, ensuring that the profit/loss margin on each trade is very small.
Accounts Funding
ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.
ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.
Friday, 7 November 2008
Forex Scalping - How to Limit Risk and Make Huge Profits
Forex scalpers aim to make small regular profits and in time build this up to a large income. Forex scalping is very popular and here we are going to look at how not to lose your money at it.
The best way not to lose money is not to even try it - it doesn't work, before we explain why you may wonder why you see so many courses and people claiming big gains so here is the answer - the gains are paper gains and not real money. Read the disclaimer below which you will always see or a similar one with any forex scalping system:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
As you can see if a trading system carries the above it's of no real use in terms of indicating profitability. We can all make money knowing closing prices and past data - it's easy. In the real hard world of forex trading, you don't have this luxury.
So why is forex scalping doomed to failure? The answer lies in the data is not reliable and you cannot (no matter how clever your trading system is) get the odds on your side.
In currencies prices in a few hours can and do go any where volatility is random and support and resistance levels within a day simply cannot be used to get the odds on your side.
As all volatility is random you are destined to lose long term. If you think about this it's obvious:
Huge numbers of traders make the final price and they all have different motivations, skills and levels of emotion that input into their trading and to say this huge mass can be predicted in short time frames is ridiculous.
Not only do you have the above to contend with but forex scalping breaks a fundamental rule of trading:
Run your profits to cover your inevitable losses.
All trading systems have losses and drawdown periods and you need to run your profits to cover them. Now scalpers do get profits (everyone is lucky some time) but what do they do - Do they run it? Not a chance they bank it!
Of course luck doesn't last for ever and if you are trading with the odds against you your on borrowed time and will lose eventually it's just a question of when.
So if you want to keep your equity intact don't forex scalp - trade longer term and get the odds on your side. Sure, short term trading sounds great but the odds don't stack up it's a wonder that sane intelligent people in other walks of life think they can win with a made up track record and a system costing a few hundred bucks.
You can make a lot of money trading but forex scalping is doomed to failure - trade longer term, get the odds on your side and win.
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.
Scalping the Forex Market for Huge Day Trading Profits
Many traders enjoy scalping the forex market and there aim is to accumulate a large number of small profits to build long term profits. Let's look at how to enjoy forex scalping
success...
More novice traders than ever, try forex day trading, by buying systems off the net from vendors. The bad news is, all these systems lose and forex day trading is a road to ruin. Before we look at why, lets see why all the track records of profit you see are not what they seem.
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
So there you have it - there made up paper profits, knowing the closing price history, well that's not hard - the hard bit is trading going forward and not knowing the data!
So all the scalping systems you see have made up track records on paper which have never been traded - check any sold online and you're sure to find the above disclaimer.
So why doesn't it work?
Lets look at the exact reasons why and a better way to make forex profits.
The reason is simple:
There are literally millions of traders, all with different aims, objectives and experience, trading the market and what this vast diverse mass does in a few hours cannot be measured.
All volatility is random and the data cannot be used, you may as well flip a coin.
Even with the above fact in place forex day trading is based on another dumb idea. Taking small losses (wise idea) and cutting profits (dumb idea) of course you need to run your profits to cover your inevitable losses.
When day traders are lucky enough to be sitting on a profit what do they do - Cut it!
So - High percentage of small losses + Small number of small profits = Equity Wipeout
The logic of day trading will see you lose and many vendors know this but it's a good story and sells forex trading systems and that's why you see so many that have never been traded, accompanied by clever enticing copy, don't fall for them.
If you still believe that forex scalping or day trading makes money, try and find a long term track record and you will be in for a long search!
You can make money trading forex - but you must trade the odds and you can't do that within daily time frames.
Look at any long term chart and you will see trends that last for weeks, months or years.
These forex trends are the ones you need to concentrate on. If you get the right forex trading education and learn currency trading the right way - trading the odds, you can enjoy currency trading success.
Customer Agreement
ForexGen presents specialized Forex online trading services. We support trading in variable currency pairs, available services 24 hours a day most of the week. Real time prices are supplied to facilitate the trading and make it more quick and efficient. Our trading terms & conditions are the most competitive trading terms & conditions for various trading kinds which represent our appreciation to every client starting from the smallest customers. ForexGen is re-setting professional trading technology, by a continuously tracing the competence offers and modifying our trading conditions and provided platforms.
Thursday, 6 November 2008
Choosing the Best for a Regular Income
Forex scalping is a method of trading that is very popular online and intends to take small regular profits each day to mount up big profits over time. There are many vendors selling forex scalping systems but how do you choose the best – lets find out.
While there are many vendors who claim to make a living forex scalping none of them do as it’s a method destined to failure which we will look at in this article.
Fact:
Forex scalping involves calculating where prices may go in a matter of hours and as all short term volatility within a day is random this is doomed to failure.
If you think about the above its really common sense to anyone but forex scalpers:
Trillions of dollars are traded daily, by millions of participants and to say that you can work out where prices will go in such a short time frame is simply laughable.
Forex day trading and forex scalping simply doesn’t work – PERIOD
The Myth of Forex Scalping Track Records
So why do you see so many track record that make money sold by vendors?
The answer is these track records are not “real” - to understand this, you need to understand and digest the disclaimer they use.
Below is the standard CFTC disclaimer you will see and after you have read it you will see why the track records presented are so meaningless. Here it is:
“Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show”.
If you have read the above disclaimer you will realize that any forex scalping system that uses this disclaimer needs to be treated with extreme caution.
Hypothetical and simulated means exactly that – the track record has been compiled KNOWING The closing prices! So how hard is it to make one profitable?
Its not difficult and anyone who can read and write can do it – and it is amazing people take them seriously.
The forex scalping systems you see have marvelous results on paper ( and no wonder ) and then fail in real time trading – no surprises really.
The only way to judge a system is its performance going forward, NOT knowing the closing prices – but the people who sell these systems, know they don’t work and want to make money selling systems not trading them.
Of course this is fairly obvious when you think about it.
If a vendor could produce the track record in real time they do in their simulations, they wouldn’t bother you for a few hundred bucks – they would be to busy making money!
Do not fall for the myth that forex scalping systems will make you money – they wont and never will succeed, because the logic they are based on is totally wrong.
If you are ever lucky enough to find a real time one that does let me know I have been looking for one for over 20 years!
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.
How to Find a Winning Forex Scalping System
Forex scalping is a short term method of day trading and forex scalpers are looking to take small profits regularly by timing moves on hourly charts. The idea is to only take small profits but get lots of them, to build profits over time and earn a big consistent income. There are lots of forex scalping systems for sale but how do you pick a winner?
The first thing you need to do, is look at the track record of the scalping system presented to you and check for a disclaimer. If you see the one below ( or one with a similar wording), you need to forget the system and look at others. Here it is read it carefully:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Basically, the above means the forex scalping system has not been traded and the vendor has simulated the track record in hindsight. A disclaimer like this, tells you nothing about the profitability of the system, as of course if we all knew tomorrow's price today, we would ALL be rich!
Making money in hindsight is easy, but we don't have that advantage in the real world.
Now you may be thinking well that's obvious enough - I Will just find a real time track record of forex scalping profits.
Get ready for a long search then! Why?
Well I have been searching for 25 years and not found a real time track record and the reason is:
Forex scalping doesn't work over the long term, because the logic it is based upon is fundamentally flawed.
The logic is, you can predict where prices will go in just a few hours - but of course you can't do this.
Volatility in short time frames is simply random.
Volatility can go anywhere in a few hours (and does) so, all that happens is stops get hit and you end up with lots of small losses. Because you are not running profits to cover them, you are simply destined to lose.
You can't win long term, as even if you are lucky - luck doesn't last forever!
Vendors know it's a good and appealing story - but that's all it is.
You never see a real time track record of gains and you have to wonder why a vendor if he really believes forex scalping works, doesn't have the track record to prove it.
ForexGen Trading Station
ForexGen Trading Station is the client's part of the online ForexGen Trading Platform. We provide all the needed trading tools for a successful trading. We attempt to supply the sufficient information and tools in order to make the Forex traders' decisions more appropriate and easy. The program has a simple and user friendly interface that allows traders to monitor their transactions and their account as well as performing technical analysis and develop Forex trading strategies of their own.
ForexGen provides continuous real-time information and sophisticated technical analysis tools. ForexGen Trading platforms are stable, secure and characterized by its unique performance. It is the best solution for trading on Forex.
Wednesday, 5 November 2008
Forex Scalping Success - 5 Key Facts you Need to Know
Forex scalping and day trading is more popular than ever and is the choice of most new forex traders but is it the right one and how do you enjoy forex scalping success - lets find out.
1. Short Term Volatility is Random
Millions of forex traders trade trillions of dollars in currency each day and to say that you can measure what this diverse number of traders will do in a few hours, or a day is laughable you cant.
2. Support and Resistance Levels are Meaningless
To trade any market you need to have valid levels of support or resistance to key off however with all volatility being random in short term trading, prices can and do go anywhere and support and resistance cannot be used - as the data simply isn't valid.
3. No Trading system Will Work
It doesn't matter how good or well thought out the trading system is - if volatility is random and support and resistance not valid it wont work!
In any financial market to win you need to trade the odds and if you cant, you are going to lose longer term. It's a bit like being in a casino - if you can count the cards in a game such as blackjack you win but in a game of pure chance like roulette, play long enough with the odds against you and your going to lose and it's the same in forex scalping.
You cant get the odds on your side and you cant win - PERIOD
4. Forex Scalping Systems Don't have Track Records
Yes they do many traders will say - I have seen them. Sure they have and written all over the track record will be "hypothetical" or "simulated" This means it wasn't traded in the market but done on paper knowing the closing prices!
How hard is that?
You could do it and so can I and even my 10 year old daughter could - but the markets don't work backwards its harder - You have to trade going forwards!
5. Why is it So Popular?
Because it makes a good story and vendors know this.
Most of them have never traded in their lives - but the story of small regular profits and low risk is an easy one to sell, to naive or greedy investors who are looking for an easy way to get rich in forex.
Of course there is no easy way to get rich in forex and you wouldn't expect there to be, with the rewards on offer.
THE GOOD NEWS!
The good news is you can make money in forex trading if you avoid forex scalping and concentrate on trading the odds. This means valid data where you can get the odds in your favour with your forex trading system and trade them for profit.
You can swing trade, looking for trends of a few days to a few weeks, or trend follow looking for trends that last weeks, months or even years. In both forex methods you can trade the odds - the key to a successful forex trading strategy.
Forex scalping is not the only myth in currency trading - but it's a popular one and you need to ignore it and concentrate on getting the right forex education to win.
So leave forex scalping and day trading to the dreamers and greedy traders, who think forex trading is simply a walk in the park and concentrate on building your own forex trading strategy based around trading the odds.
Live Accounts Contest
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money!
How Do I Enter?
You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
Forex Scalping Methods for Big Consistent Profits
Here we are going to look at Forex Scalping methods and how they aim to achieve big consistent profits from day trading
regularly and looking to accumulate small profits each day to build huge profits overtime. Let’s look at forex scalping in more detail.
Forex scalping is more popular than ever and there are numerous forex trading systems
and e-books, which claim it works but none of them work, (we will return to this in a minute) as the logic behind forex scalping is totally incorrect.
Why Forex Scalping Can NEVER work longer term
The reason it doesn’t work and never can is simple to understand if you think about it – you need valid data!
Consider this:
Each day trillions of dollars are traded by millions of forex traders and the total of all these opinions come together and give us the price.
The thought that you can tell what all these millions of people will do, in just a few hours is laughable.
You can’t!
Volatility can and does take prices anywhere in short time periods and support and resistance levels are meaningless. If you have no valid data, you will lose and that’s EXACTLY what happens to people who try forex scalping or day trading.
You may be saying:
I have seen the proof it works and seen track records presented by forex scalpers and yes you have – but their NOT real!
See the standard CFTC disclaimer below and you will see why these track records cannot be trusted:
“Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show”.
So you simulate a track record, knowing the closing prices – how hard is that?
Anyone can do that even a child.
The problem of course is:
We don’t have the luxury of knowing the prices when we trade (shame but that’s life!) so doing it in the real world is a lot harder and for people forex scalping it’s impossible.
That’s why you never see a real track record but a hypothetical one which is simply not worth the paper it’s written on and in most cases is simply made up by the vendors.
Where Are The Real Track Records?
Don’t be fooled advertising copy with statements such as:
“Pick tops and bottoms scientific accuracy” make “50 pips a day” or “trade with 80% accuracy” – this is just ad copy and has no back up.
If you don’t believe me ask for a forex scalping real time track record and you won’t get one - try it and see.
Forex scalping and day trading is a good story, but that’s all it is and try it and you will lose - as you can never get the odds in your favor.
Keep in Mind
Forex trading is a great way to make money but its not easy and a lot of the people who sell the courses and e-books on forex scalping try and make it appear so.
Traders who believe the above need to get in the real world.
How to Win
To win, you need to do your homework and get a forex trading system that gets the odds on your side. This means avoiding forex scalping and day trading and trading data that covers longer time frames that’s valid and allows you to get the odds in your favor.
Demo Accounts Contest
Win Cash Prizes
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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
Monday, 3 November 2008
Forex scalping - What does Scalping mean?
Scalping is a trading strategy that the trader try to make many small profits with small price changes, the Scalper will place from dozens to hundreds trades in a single day because it’s believed that the small price moves are easier to catch than larger moves.
It based on an observation that the most of the price movements goes in the trader direction for a while of time before it goes in its trend direction!
In the Forex world a lot scalpers say “If I make a 20-25 pips per day by scalping the market and with a proper money management I might double my account balance every month”.
Theoretically, true! but what about the real? what about the risk of scalping the market?
Scalping risk:
While it seems profitable method when scalping the price movements, however the spread you pay when you open a trade makes the risk-reward more risky than the long term trading (trend trading).
For example if your broker charges you 5 pips spread for opening EURUSD position and your target is 10 pips and 10 pips stop loss; the price have to move 15 pips (5 pips of spread + 10 pips your target) to take the profit while it have to move only 5 pips ( 10 pips your stop loss - 5 pips of spread) and stop loss level will be reached.
So, the risk-reward ratio in this case is 2-1 which means a very dangerous and risky method to scalp!
Another risk in the Scalp is that one large loss could eliminate the many small gains that the trader has worked to obtain. So it needs a very good exit strategy to decrease this risk!
Why brokers hate scalping?
The most of brokers will not turn your trades with a market maker
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Forex scalping basics
The forex market is the most liquid of todays exchange, trading in excess of 1.6 trillion dollars daily. This is roughly greater than 5 times the daily trading volume of the U.S. Treasury Bond Market, and 160 times the average daily volume of the U.S. Stock Market. This extreme liquidity gives forex traders an edge in the art of lightning fast execution and the quick trade method referred to as scalping.
Forex scalping is considered as the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, risk control is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy forex scalping system in such a liquid market is a magnet that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.
Effective forex scalping strategies take advantage of extremely slight price fluctuations (sometimes only 1-3 pips) many times in order to steadily build an account. Because of the smaller number of pips gained per trade, larger than normal leverages play a key role in a successful forex scalping strategy. By leveraging much more than a standard day trader in a liquid environment, a very skilled scalp trader is able to make just as much money as the day trader in a shorter period of time. However, this is an obvious double-edged sword. The market can just as easily move against you on a high leverage, which could produce substantial blows to your account.
Also, it is important to take into consideration the physical and mental speed of a trader who will only stay in the market for seconds to minutes. Executing a scalping strategy by hand can be extremely difficult considering the quick amount of time you must be in and out of the market for your strategy to be affective Many successful forex scalping strategies are built to be automated; the rules to the system are coded into a trading platform to automatically perform scalp trades around the clock. Though it is completely possible to trade a forex scalping strategy manually, the majority of todays traders would agree that automating the process based on a set of rules would be the best way to ensure speed and reliability. When choosing a platform to automate your scalp strategy, it is extremely important to stick with those platforms that allow the execution of your system on every tick (such as MetaTrader 4). This ensures that your entrances and exits will be on a per-tick basis, and will give you a much higher probable rate of success than those platforms who will execute your code more periodically.
Though forex scalping may seem like a preverbal holy grail at first glance, there are still many unseen hurdles that surround the controversial method of trading. If you do wish to add scalping to your trading toolbox, it is extremely important to pick a broker who can support a scalpers system. You will quickly find that many brokers do not allow scalp trading, as the method of quickly entering and exiting trades may actually cause the broker to lose money at the dealing desk. Forex scalping also does not give the broker a means to trade against their clients. Out of the hundreds of online forex brokers, only a handful support (and sometimes encourage) scalping.
Forex scalping can be a good method of growing an account quickly, but should not be looked at as the holy grail of trading. Most brokers do not support scalping, and a consistently profitable forex scalping strategy can be very difficult to engineer. However, if much time and effort is spent in system optimization and setting up a good relationship with a scalp supporting broker, the benefits could be well worth the time spent.
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.
