1.Entry and exit signal
2.Stop loss placement
3.Money management, including position sizing
Remember that these three sections of a strategy have to be as specific as possible and they have to make sense. A day trader cannot be thinking in the middle of a trade, "Where will I place my stops this time?" or "I wonder if I should be buying or selling now?" This has to be clearly defined by the system being used so that the day trader is simply following a set of conditions in any given market situation. When this is accomplished, every new position that the trader enters or exits builds the discipline he needs to succeed.
Mastery of the day trading strategy will come over time, as the trader learns to apply it with precision and consistency. That is why it is also important that the strategy be simple enough to apply without having a Ph.D. from MIT. When the strategy has too many indicators and conditions, the day trader can be easily confused, and a confused trader has almost no chance of executing successful trades.
A successful strategy must boast a postive expectancy.
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.
Full White Label
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.
Limited White Label
Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
· Streamline dealing with no request for quote for up to 200 lots (20 million).
· Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
· Constantly updated real time prices.
· Real time charts with the most common indicators.
· Daily account statement.
· Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
· Streaming news quotes provided by AFX News.
· An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.
Commission is paid out every month.
Learn more through http://www.forexgen.com/
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