Forex Market Hours

One of the most important lessons you have to learn is the best time for trading. In order to achieve your profit you have to choose the best time to trade and then the best plan which will enable you to avoid loss and achevie profit .

Day trading has a very short-term focus. Analysis may be broken down to days, hours and even minutes. Because day trading focuses on such short time frames, the time of day in which a trade is made can be an important factor to consider.

The Forex market opens 24 hours, it opens on Sunday night (5 PM EST) and closes on Friday afternoon (4PM EST).When the Asian market closes its doors, the European market starts followed by the US market then the Asian market opens it doors again and so on.that’s why the forex market opens 24 hours.During this period you have the freedom to trade in the Forex market anytime and whenever you want. This Time-Freedom-Trade is one of the characteristic that makes the popularity of trading Forex.

Trading Analysis With ForexGen

There are 2 types of analysis you can take when approaching the forex: Fundamental analysis and Technical analysis. There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both.

It's important to get a birds-eye view of the currency markets and learn how news affects prices. This is why you must follow and understand the daily Forex news and market analysis of the professional currency analysts. Eventually, you'll start to figure out what kind of role fundamental news will play in your trading.

Fundamental analysis:
Fundamental analysis is a method used to evaluate the worth of a security by studying the financial data of the issuer. It scrutinizes the issuer's income and expenses, assets and liabilities, management, and position in its industry. In other words, it focuses on the "basics" of the business.

Leading Indicators

Leading Indicators:
An index published monthly by the Conference Board used to predict the direction of the economy's movements in the months to come. The index is made up of 10 economic components, whose changes tend to precede changes in the overall economy. These 10 components include:

1. the average weekly hours worked by manufacturing workers
2. The average number of initial applications for unemployment insurance
3. The amount of manufacturer's new orders for consumer goods and materials
4. The speed of delivery of new merchandise to vendors from suppliers5. The amount of new orders for capital goods unrelated to defense6. The amount of new building permits for residential buildings7. The S&P 500 stock index8. The inflation-adjusted monetary supply (M2)9. The spread between long and short interest rates10. Consumer sentiment

The Composite Index of Leading Indicators is a number that is used by many economic participants to judge what is going to happen in the near future. By looking at the Composite Index of Leading Indicators in the light of business cycles and general economic conditions, investors and businesses can form expectations about what's ahead, and make better-informed decisions.

Types Of Account With ForeXgen

Demo Accounts Contest:

1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit
2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit
3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

Live Accounts Contest :

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.

Online Courses OF Forex By FOREXGEN

ForexGen, in cooperation with E-market online, a leading online forex learning center, presents a series of online forex courses designed to guide beginners through the
competitive world of Forex trading. This comprehensive, step-by-step approach to foreign exchange provides students with in-depth information, proper training, and useful resources - all the tools necessary for profitable trading.

With ForexGen, forex learning comes together with practicing:
as students learn more aboutforex, they will be invited to put their knowledge into practice and put their skills to the test – all with no risk of course. Indeed, there is no better way to enter the forex market than through the ForexGen Demo Platform. As you absorb the information you will have learned, we will teach you how to trade and how to invest smartly on the FX market, in real market conditions. From the basics of forex to advanced trade orders and trading strategies, our learning programs will teach you the skills that make a good trader.

Main topics addressed in our forex courses Forex market introduction: Learn the particularities of the foreign exchange market and how forex fits in the greater world of finance.
Trading strategies and tools: See how you can combine different trades and what trading tools you may use.

Types of deals: Find out about various forex market orders.
Fundamental and Technical Analysis: Interpreting graphs and economic data to make market predictions.