Point-and-Figure Charts: Forex Charts That Show You The Money!|ForexGen Tips

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Wouldn”t it be great if you could find a charting system that instead of focusing on minutes, half-hours, hours, days, and weeks, actually followed and tracked the value itself? Point-and-figure charts are charts that do precisely that: they follow the money.

Point-and-figure charts are charts that follow changes in prices, and not time. Many charts are set up on a time scale, and comparisons are then made between the price as it varies from hour to hour or day to day.

These charts are very different in that any column from a point-and-figure chart can represent any amount of time. There is no set amount of time for each figure. Movements take place only when the minimum determined price moves. If the value doesn”t change, no new markings appear on the chart.

Point-and-figure charts differ in several ways from other types of popular charting, but there are 3 major differences that set point-and-figure charts apart.
1. They have simple, well-defined trading rules
2. They eliminate the clutter of price reversals that are below a minimum box value
3. There is no time factor.

Point-and-figure charting was first credited to Charles Dow, who used them around the turn of the century to make a killing on the stock market. Because the technical aspects of point-and-figure were sound, this strategy was picked up for use in analyzing other markets, as well.

Another major difference between point-and-figure charting and some of its technical counterparts is that it has a relatively strict and simple system of buying and selling, so you don”t need to be a math whiz or rocket scientist to figure out when to do what. A “box” is a measurement of a price movement.

If you see a box of X’’s, the overall value went up. A box of O’’s means the overall value went down. When a box of X’’s has an X one higher than the last box’’s, it’’s time to buy. When a box of O’’s goes one below the last column of O’’s, then it’’s time to sell. There are variations, but that is the base system.

What’’s sometimes bizarre about business is when everyone gets caught up in a new system or trend and they”re so intent on adding to it and perfecting it that an old system that works stops getting used. Where’’s the common sense in that?

If you”re trading, you want to be able to keep track of the money. If there’’s a charting system that let’’s you follow the money, and make a profit, who gives a darn if it’’s trendy or not? Going back to common sense, point-and-figure charting is the one method that shows you the money, because it’’s the charting system that only moves with the money.

Learning Some Important Tips For Forex Trading | ForexGen Tips

For you to become a successful forex trader you need to know what forex trading is and how to successfully trade foreign-exchange. Sufficient knowledge is essential to foreign exchange trading. You can learn some strategies through on-line foreign exchange tutorials.

An on-line foreign exchange tutorial will explain how the foreign exchange market flows and will also explain the types of foreign-exchange orders that are available to you as a foreign exchange trader. It will also let you know about technical indicators and what they mean, the economic indicators you will need to be aware of and the various options and strategies that are available to you as a forex trader.

Joining the forex trading bandwagon with both feet? Here are some must-know tips on foreign exchange trading and mini-forex to help you stay afloat in the Foreign Exchange currency market.

1.Know your foreign-exchange trading market- educate yourself about the currencies that you trade. The more you understand about the country whose currency you are trading in the forex market, the more precisely you will be able to predict which way the money will move.

2.Practice makes perfect-but it’’s not the real world- practice forex trading accounts are ideal for learning how a particular trading account works but they are not the real world. Many experienced traders recommend starting off with a mini foreign exchange account to minimize your losses while you get acclimated.

3.Pick a forex trading system and stick with it- savvy forex traders will tell you that system is everything. It by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system and live with it to make the most of your forex trading.

4.Keep your eye on the margin- margin trading is a great way to lose a lot of money quickly. Stay away from forex margin trading until you are sure you know what you are doing.

5.The only win that counts in foreign-exchange trading is the bottom line- in foreign exchange trading, the bottom line is how much money you made at the end of the day. Don”t count won or lost trades only dollars and cents.

The most essential aspect when it comes to forex trading is to educate yourself about it so that you understand how to trade and how to trade efficiently, successfully. The more you educate yourself with foreign exchange trading the more understanding you will have and the more success.

ForexGen serves both private and institutional clients. We have a strong commitment to maintain a long term relationship with our clients.

A Creative Approach to Trading Commodities|ForexGen Tips

To succeed as a futures trader, you need to think creatively about commodities. The story of Sam Brannan, California’’s first millionaire, serves as an excellent example:

At the beginning of the 1848 Gold Rush, Sam Brannan, who owned a general store in Sutter’’s Fort, discovered that John Sutter and James Marshall had discovered gold. Understandably, the discoverers wanted to keep the strike a secret. Brannan agreed, then quietly scoured northern California buying up every shovel, pick and pan he could find until he had cornered the market.

He then went around town yelling, “We found gold!” and the Gold Rush was on. Hundreds of people flocked to northern California, all needing shovels, picks and pans to search for gold. And there was Sam, the only source for hundreds of miles around! Sam Brannan never lifted a shovel, never swung a pick, never shifted a pan in the search for gold, but he became the first millionaire of the Gold Rush — selling shovels.

COMMODITIES PROFITS AND THE INTERNATIONAL APPROACH
There is often more than one way to profit from commodities. Money can be made not only by betting on the need for resources, but on the processing and transporting of those resources. Remember that futures trading is global. Creative thinking requires that you consider the need for resources in one part of the world and probable suppliers and processors who may be located in other parts of the world.

In thinking creatively about commodity futures markets, factor in the following and see where it leads you:
1. Population

We are at the start of what is expected to be the greatest explosion in population growth in human history. The United Nations estimates that world population will increase by 1 billion people per decade for the first five decades of the 21st century. That means that the number of people on our planet will increase from 6.5 billion today to 9 billion by 2050. Population growth has become exponential.

In the 19th century it took 130 years to add 1 billion lives to the planet. Barely 200 years later in the 21st century, it takes just 13 years. More people means greater demand for natural resources (i.e., commodities). Greater demand means rising commodity prices.

2. Urbanization

People need a place to live and are increasingly being lured to cities where the bulk of the world’’s jobs can be found. The exponential growth in population is being accompanied by the greatest increase in urban development the world has ever seen. In the early 20th century, less than 15 percent of the world’’s population lived in cities, according to United Nations statistics. In 2005, a full one-half of the world’’s population lived in cities. By 2030, the U.N. predicts that 60 percent of the world’’s people will be crowded into cities.

People in urban areas consume more natural resources than those in rural areas where life is more sustainable. As urban areas expand, more natural resources and industrial metals will be needed to provide the necessary infrastructure: houses, roads, buildings, cars, hospitals, schools, etc. Whereas cities may have been initially located near plentiful natural resources, the mega-cities of the future may require resources from across the globe.

3. Industrialization
In the 19th century, the first industrial revolution transformed Western Europe and North America. While industrialization has slowly been creeping across the globe during the past century, we are now poised for a second major industrial revolution in what are called the BRIC countries: Brazil, Russia, India and China. The need for natural resources in these countries is enormous and rising fast, pushing up commodity prices as demand rises.

Over the next few decades, China is expected to become the world’’s largest consumer of commodities. Of total world production in 2004, China used one-half the cement; one-third of the steel; one-quarter of the copper and one-fifth of the aluminum. China was also second only to America in oil consumption.

Forex Trend Trading: The Early Bird Gets the Cash

Trend trading is where the big money is in the Forex market. While there is money to be made in counter-trending markets, there is only so much that can be made when the market is essentially moving sideways.

Trading when the market trends is where there is the opportunity to make (and if you”re on the wrong side without a stop-loss, possibly lose) major money.

A market goes into a trend anytime there are more buyers than sellers or more sellers than buyers over a prolonged period of time. This trend can be with prices going up (more buyers than sellers) or down (more sellers than buyers). There is money to be made regardless of which way the trend goes, since all trading is done with pairs.

Figuring out the best way to trade trends involves knowing extensive technical analysis, so having a proven and profitable trading system helps immensely. Without a prove and profitable trading system, it’’s very unlikely that over the long run, you will profit from Forex trend trading.

While there are all sorts of technical tools for analyzing trades, the simplest way to spot a trend, or what might be the beginning of a trend, is to watch and see if each time period’’s high keeps getting higher, indicating the market is steadily trending up in price, or if each period’’s low continues to get lower, indicating a downward trend in price.

If you decide to use bands to help your trend trading, remember that a basic rule when using bands is to wait and see when the high price penetrates the upper band. This is your signal that an upward trend is about to start. You want to buy when that price penetrates the upper band and go long, with a trailing stop loss. There’’s a good chance the market will make an upward trend that a long position can profit from.

When the price penetrates the lowest band of your corridor, you want to sell and go short, watching the market for any confirmations on any further trends, counter-trends, or pivot points that indicate a trend reversal.

The basic goal of trend trading strategies is always the same. While you don”t want to be the first to test the market, once a market trend reveals itself: join the move early!

Then hold your position, making as much money as possible, until the trend reverses and then get out. This is where using a trailing stop loss can help maximize the profits you earn from any market movement.

Trend trading is where the big money is at, and recognizing and getting in on trends early will make you a very happy (and wealthy) trader in the Forex market.

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.

Trade Forex With ForexGen

With ForexGen all of this is done in a clear, simple and concise manner to improve your Forex entries and exits.

ForexGen Academy will take you through the steps to creating high probability FX trades, using Charts, Trend lines, Support & Resistance and combining them so you have a clear picture of price, time, volume and the market expectations.

This Academy assumes you have a basic understanding of Technical Analysis and is specifically aimed at showing you "How To" rather than explanations and definitions. There are four internal "hands-on" demonstration movies.

The fourth is an exercise in the "Hard Right Edge" Decisions you need to make. Whether you are an intraday Trader or a Swing Trader, this course is designed to show you proper use of Technical Analysis without the hype…

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You are encouraged to contact the dealing room by phone in these situations:
If you are not able to access the internet.
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2. Determine whether the order is a Market Order or a Limit Order and the number of units and the desired currency pair. ForexGen provides the trader with a factual changing quote stream. The prices can be changed more than three times at every second. Consequently the Market Orders will be maintained according to the current price the order was placed. for more informations...

Exchanges Around the World with ForexGen

Technology has fueled the growth of global trading over the past decade, fostering dreams of a single universal marketplace. Yet, investors who have diversified their portfolios across borders and product lines might not always know how their orders are handled on a multiplicity of exchanges and market centers around the globe.
Rules and trading technologies differ significantly not only from one country to the other, but often from one exchange to the other. Rules change frequently too, as exchanges continue to evolve from members-owned monopoly utilities into competitive execution businesses.
ForexGen LLC , which provides direct access to over 50 exchanges and market centers around the world, has incorporated these various exchange rules in its SMART-routing technology to ensure that customers obtain true best execution, no matter what product they trade or where they trade it.
The business of the exchanges is in flux, due to heightened competition and the consolidation trend inherent to a utility-type sector. A number of exchanges have already demutualized and turned themselves into for-profit corporations, some of which are publicly traded. Other markets are merging to better compete in a low-margin business where innovations require substantial investments.
U.S. exchanges face important regulatory challenges as well, with the Securities and Exchange Commission mulling crucial reforms to modernize U.S. capital markets in the 21st century. for more informations....
The proposed Regulation NMS would acknowledge the advance of electronic trading and likely force the remaining floor-based securities exchanges to alter their model in order to remain competitive. In anticipation of the changes, the New York Stock Exchange has already submitted a proposal for a new hybrid model.
An even bigger challenge may come from the SEC concept release on self-regulatory organizations. It questions the أ¢â‚¬إ“advisability of implementing enhancements to the current SRO system or pursuing an alternative regulatory model, which could lead to a single independent regulator with no business ties to the exchanges. Without a regulatory franchise, exchanges would be businesses fighting for customers.ForexGen has followed how trading began and is still evolving on the major venues that its Universal platform accesses via broadband to trade equities, exchange-traded funds (ETFs), options, futures, foreign exchange and bonds. With Universal, ForexGen provides a gateway to global markets and multiple products from a single account in a single currency.read more....