ForexGen Automated Forex Trading Systems

Follow Trading Rules
The proper execution of trades is a very important aspect of becoming a profitable currency trader and one of the most difficult to learn. The problem comes with the initial analysis of the market. When you are studying examples of past trades, it is much easier to recognize direction, entries, and exits that if you were live trading. Recognizing opportunities in the "now" is much more difficult to do. To develop this important skill, one must pay very close attention to specific price patterns and the chart positions of technical indicators. Following trading rules and a trading system is no small matter. It requires the trader to obey rule after rule, even when their initial response to markets is not to trade, end a trade or get into a trade, based on emotion? Trading should only occur when the right setups are present and when confidence is high.
Accept Losses

Since no trading system or method is 100% accurate, losses will happen sooner or later. Develop the ability to admit to your losses. Sometimes traders will remove their stops and let their losses run in the hope the trade will come back. They do this because they are unwilling to admit that their forecast of market direction or their timing of entry into the forex was incorrect. Losses can occur primarily for two reasons. The first reason is when the trader fails to follow established tested rules and guidelines of a trading system or proven method. The second reason is when the trading system or method fails to encompass unexpected changes in the market conditions. In either case, by anticipating the reasons for most of the losses you're going to take, you can put precautions into place beforehand to help reduce losses in the future.

Always Use Stops
Stops are orders in the market placed a distance from your entry price, in the event market prices turn and move opposite from the anticipated direction. The idea behind a stop is to prevent a loss from "running" too far and thereby consuming excessive capital in one single trade. Too often traders are so convinced of where they believe market prices are headed, they lose their sense of reality and begin to trade on hope. They choose not to trade with a stop, or remove their original stop, simply hoping that market direction will eventually turn (again) their way and their loss will turn into a win. However, by the time they finally realize that such will not be the case, and that their hope was an illusion, they have risked far more that they wanted to at the outset of their trade, and the result is a devastating, excessive loss, eventually wiping out their entire trading account.

Keep a Trading Log
Keeping a log of trades is like taking a snapshot in time. You'll find that after making your first analysis, market conditions develop so rapidly that it can be difficult to remember exactly what you saw in the beginning that caused you to enter the market. By recording just a few notes about each trade you make and the technical picture you see, you will sharpen your skills in recognizing strong trade setups

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.