Account Types With ForexGen

Active traders who wish to enjoy the Forex trading advantages can work with the ForexGen account. ForexGen provides leverage up to 500:1 and 100,000 - 10,000 Trade Sizes. Open an account with as little as $250.
ForexGen offer swap-free accounts. Swaps will not be applied to ForexGen accounts.
ForexGen will not charge a fee of per traded lot round turn.
Opening a ForexGen trading account is easy, fast and secure. Just complete and submit your application online in just a few minutes. Representatives are available 24 hours a day, 7 days a week.
Account SizeThe minimum amount required for opening a ForexGen Live trading account is $2,500 for standard Account and $250 for Mini Account but the recommended minimum investment size is $10,000 for standard Account and $1,000 for Mini Account. That is because of the high leverage and the extremely volatile nature of the Forex market.
Trade SizeAll trades are executed in standard sizes of 100,000 base currency for standard Account and 10,000 base currency for Mini Account per one lot on the ForexGen trading platform. There is no maximum trading volume on the ForexGen trading platform.
Pip/Tick ValueTrading on the ForexGen Platform facilitates calculating the profit and loss. In the EUR/USD and almost the other 17 currency pairs, a movement of one pip/tick value in the exchange rate equals ten dollar profit or loss for standard Account and one dollar profit or loss for Mini Account in the account value per lot.
Margin RequirementGuaranteed Limited Risk: The account equity, the total floating value of the account, is an important safety feature in the ForexGen system that prevents traders from losing more money than they have in the account. Should the account equity fall below the margin requirement of approximately 5%, the system will close all opened positions.for more informations...

ForexGen Adioms :

forex terminology:

Pip:Every trader in the Foreign Exchange ‘FOREX’ hopes to make a profit from something called ‘PIP’. It may sound silly, but gains in pips can potentially make you over wealthy .Take your time with this information, as it is required knowledge for all Forex traders. Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.What is a pip ?Pips stands for ‘PERCENTAGE IN PIONTS’. In the Forex trading, a ‘PIP’ is a unit of measurement which represents the smallest change in the price of currency or a currency pair. In the stock markets this is a classified as a ‘POINT’. As a result, some folks refer to pips as points. Pips are the last decimal point in an exchange rate or currency pair. For the majority of currencies a ‘PIP’ is equal to 0.0001. This means that if you purchased USD/CHF at 1.2310 and sold at 1.2330, you made 20 pips .On the other hand, there are some currency pair exceptions. FOR EXAMPLE: The USD/JPY pair has only two decimal places making a pip equal 0.01. Therefore,USD/JPY: 110.78 .01 divided by exchange rate = pip value .01 / 110.78= 0.0090269This looks like a very long number but later we will discuss lot size.USD/CHF: 1.1227 .0001 divided by exchange rate = pip value .0001 /1.1227 = 0.0089070USD/CAD: 1.2780 .0001 divided by exchange rate = pip value .0001 / 1.2780 = 0.0078247In the case where the US Dollar is not quoted first and we want to get the US Dollar value, we have to add one more step.GBP/USD: 1.9799 .0001 divided by exchange rate = pip valueSo .0001 / 1.9799 = GBP 0.0050507But we need to get back to US dollars so we add another calculation which isGBP x Exchange rateSo 0.00505076 x 1.9799 =0.0099998 When rounded up it would be 0.0001Don’t worry, you don’t have to do that, but it’s really important for you to know how the Forex brokers will work this out. For more informationsWhat is a lot ?The value of a pip changes based upon the size of your account, because the size of your account affects how much currency you can leverage. A standard full size account is 100,000 units of the base currency. If you are trading in USD, The Value of the ‘LOT’ in the standard account is $100.000.A mini ‘LOT’ is 10,000 units of the base currency. If you are trading mini ‘LOTS’, you can leverage $10,000.This is why a pip in a mini account is worth less than a pip in a standard account. Let’s assume we will be using a $10,000 lot size. We will now recalculate some examples to see how it affects the pip value.USD/JPY at an exchange rate of 110.78(.01 / 110.78) x $10,000 = $0.092 per pipUSD/CHF at an exchange rate of 1.1227(.0001 / 1.1227) x $10,000 = $0.98 per pip.to learn more please click hereIn cases where the US Dollar is not quoted first, the formula is slightly different.GBP/USD at an exchange rate of 1.9799(.0001 / 1.9799) x GBP 10,000 = 0.50 x 1.9799 = $1 per pipHow do I calculate profits and losses?When you close out a trade, you can calculate your profits and losses using the following formula:Price (exchange rate) when selling the base currency - price when buying the base currency X transaction size = profit or loss Assume you buy Euros (EUR/USD) at 1.2178 and sell Euros at 1.2188. If the transaction size is 100,000 Euros, you will have a $100 profit.($1.2188 - $1.2178) X 100,000 = $.001 X 100,000 = $100Similarly, if you sell Euros (EUR/USD) at 1.2170 and buy Euros at 1.2180, you will have a $100 loss.($1.2170 - $1.2180) X 100,000 = - $.001 X 100,000 = - $100You can also calculate your unrealized profits and losses on open positions. Just substitute the current bid or ask rate for the action you will take when closing out the position. For example, if you bought Euros at 1.2178 and the current bid rate is 1.2173, you have an unrealized loss of $50.($1.2173 - $1.2178) X 100,000 = - $.0005 X 100,000 = - $50Similarly, if you sold Euros at 1.2170 and the current ask rate is 1.2165, you have an unrealized profit of $50.($1.2170 - $1.2165) X 100,000 = $.0005 X 100,000 = $50If the quote currency is not in US dollars, you will have to con- vert the profit or loss to US dollars at the dealer's rate. Further, if the dealer charges commissions or other fees, you must subtract those commissions and fees from your profits and add them to your losses to determine your true profits and losses.Why forexgen?1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.3. ForexGen offers Forex trading in the major currency pairs; crosses and CFDs.4. Low capital start, with $250 as a minimum account size.5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support. We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus. Let's prove to you that you have taken the right step by choosing our partnership. For more informations….http://www.forexgen.com/