Win Cash Prizes With Forexgen

Win Cash Prizes

ForexGen has the pleasure to announce the launching of the ultimate trader champion on the first of every month.

Interested clients who wish to participate in this event shall send an e-mail request on contest@forexgen.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it including the following information:

• Full name
• Phone number

Also provide us with the following identification document:

" Certified copy of the information pages of account holder current valid passport or government issued photo ID"

After we receive your request we will provide you with further details and with your ForexGen demo account login information which will be used in the trading contest.

This Forex contest for the current month will starts on Sunday 20-12-2009 at 10 pm GMT and ends on Thursday 31-12-2009 at 10 pm GMT.

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

Tips To Make Big Profits

If you want a successful Fx trading strategy, you should incorporate the following tips into your existing strategy – you should then become a profitable currency trader.

The aim is not to just to make money, but to make big profits consistently.

Get a Method you have Confidence in
You need to have total confidence in your method - so you can follow it with discipline.

Pick a simple, technical method - simple methods work best, as they’re more robust in the face of brutal market conditions - complicated methods tend to break.

You need to have the Mindset to Take Risks!

You will read a lot about money management - but keep in mind risk = reward.

If you don’t take reasonable risks, you won’t make big profits.
Don’t Trade Frequently

The good trades only come around a few times a year, so focus on them,

Trade in Isolation

Don’t discuss your trading with anyone - the only way you’ll make big money is by doing it by yourself.
Work Hard not Smart

Many losing traders think the more effort they make with their FOREX trading strategy, the greater their trading skills will become – this is not true! You can learn a method in a short period of time, and if you have a simple robust method, you can do your analysis in about 30 minutes a day - and that’s it!

USDJPY Might Be Forming A Short Term Cycle Top

USDJPY might be forming a short term cycle top at 91.86 level on 4-hour chart.

Pullback towards the lower border of the rising price channel would more likely be seen later today.

Resistance is located at 91.86, only rise above this level could indicate that the uptrend from 87.37 has resumed, then further rally could be seen to re-test 92.32 (Oct 27 high) resistance.

The Best Way to Make Big Gains

Can you get rich trading FX? The answer is anyone can, as FX trading is a learned skill but the fact is most people lose and its a whopping 95% of traders. If you want to get rich the door is open to you and even if you don't you can still make a great second income so lets look at how to do it.

Before we look at how to get rich at FX let's look at how NOT to do it and the route most novice traders take. Most traders believe the laughable message sold to them by Forex Robot vendors, who promise a huge regular income with no effort and all for a hundred dollars or so. It looks to good to be true and it is! If you use these cheap software packages you will lose, if you want to make money at ANYTHING you need to work and you need to learn the right skills but the good news in terms of Forex is this:

Forex trading is essentially simple and simple strategies work best and it's a fact that anyone can master a strategy that can make gains, where most traders go wrong is - not having the right mindset to execute their strategy correctly.