Wednesday, January 7, 2009

Automated Trading Systems and the Forex Market

foreign exchange market have, of course, been around for decades.

Many leading traders have long understood the virtues of using mechanical trading systems. Back in the early 1980's Richard Dennis' 'Turtle Traders' were sticking to a rigid set of rules, a mechanical trading system - the system itself a closely held secret for many years. The use of trading systems has been central to the success of many if not a majority of top performing traders.

A trading system is simply a set of specific rules, or parameters, governing entry and exit points. The technological advances of recent years have opened up a world of opportunity for the individual trader through the use of trading systems. For example, thanks to the internet and the PC, backtesting analysis of a trading system that would previously have taken months or years can be now done within minutes. Further, trading systems can now be fully automated - having the ability to both generate signals and execute trades automatically. Online communities of traders from all over the world, discussing and sharing strategies, are springing up and thriving.

The foreign exchange market is the largest and most liquid market in the world with trillions of dollars being traded daily by governments, banks, and large institutions. The volume traded in the foreign exchange market is several times greater than the total cash volume of the stocks and futures markets combined. This highly liquid, highly volatile market only relatively recently became available to the mainstream trading public. Prior to the late 1990's an investor was normally required to have millions of dollars to access the market at all. Technological advances and the advent of the internet have finally brought this market into the hands of the 'retail' trader.


[ForexGen Customer & Trading Support]

ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.

[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.

ForexGen provides clients with full scale demonstrations and help for the technical issues.

Dealing Rooms.

ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.

You are encouraged to contact the dealing room by phone ONLY in these situations:

* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.

* Failing to connect to ForexGen server.

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