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Jun172008

Six Steps to Setting Up Your System

Six Steps to Setting Up Your System

In this section, we will examine the process of constructing a trading system, how to follow six steps in order to reach a good plan for trading and the considerations that need to be made, and some key points to remember.
1. Setup to begin constructing a trading system you will need several things such as data - Because the system designer must use extensive back testing, past price history is essential to constructing a trading system. Software - Although it is possible to develop a trading system without software, but it is highly impractical. Automatically place trades, Code a trading system, back test your strategy
2. Design - The design is the concept used behind your system, the way in which the parameters are used to generate a profit or loss. Sometimes, this programming can be done automatically via a graphical user interface. This allows you to create rules without learning a programming language and this would make it much easier for you.
3. Decision Making - There are many decisions to be made at this point: • What market do I want to trade in?
• What time period should I use?
• What price series should I use?
4. Practice - Back testing and paper trading are essential to the successful development of a trading system:
• Run several back tests on different time periods and make sure that the results are consistent and satisfactory.
• Paper trade the system (use imaginary money, but record the trades and results), and again, look for consistent profitability.
• Carefully check for errors in the program. These can be a result of failure to fore-see certain circumstances that have undesired repercussions.
5. Repeat - Repetition is very important. Keep working on the system until you can reach a profit and a lot of money
6. Trade - Be sure to use non-automated trading until you are confident in the system's performance and consistency. It takes a long time to develop a successful trading system, and before you perfect it, you may have to endure some live trading losses to detect glitches.These six steps provide you with an overview of a well trading system .
gain more knowledge through http://www.forexgen.com

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Jun172008

.Live Accounts Contest

.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.


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 mailto:contest@forexgen.com This e-mail address is being protected from spam bots, you need JavaScript enabled to vie including their "live Account Number".


By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes:


First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit

(Profits will be added to the live account balance)
The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT.
Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com

to know more promotions join us at this link


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Jun172008

Win Cash Prizes

Win Cash Prizes

ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month.
Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com 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 demo account login information which will be used in the trading contest.

By the end of each 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.


The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month 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 at this link: http://forexgen.com/promotions/index.php


Admin · 60 views · Leave a comment
Jun172008

Refer a Client

Refer a Client

If you have any friends who trade in the Forex market, and may be interested in joining. ForexGen.com, why not get a FREE cash bonus from their trading activities? The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met:
1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots.
2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account.


For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com To know more promotions join us at this link: http://forexgen.com/promotions/index.php

Admin · 59 views · Leave a comment
Jun172008

Scalping Enabled Account

Scalping Enabled Account

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.
Advantages of No Dealing Desk Option
· Trade the news without intervention or restrictions
· Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits.
· Place scalping orders without intervention or restrictions.
· A client-friendly trading environment, No re-quotes.
· Ability to place orders inside the spread
· Competing rates from multiple banks
· Spreads are variable and can move sharply
· Ideal for active or professional FX traders
For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com to know more promotions join us at this link: http://forexgen.com/promotions/index.php

Admin · 65 views · Leave a comment

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