The Financial Crisis

The financial turmoil of 2007-08 has deeply affected our nation's households and businesses. What began as a nationwide housing downturn has led to a national and global financial crisis with serious consequences for the real economy. In his Oct. 20 testimony to the House Budget Committee, Federal Reserve Chairman Ben Bernanke summarized the situation as follows:

the turmoil is the aftermath of a credit boom characterized by the underpricing of risk, excessive leverage, and an increasing reliance on complex and opaque financial instruments that have proved to be fragile under stress. A consequence of the unwinding of this boom and the resulting financial strains has been a broad-based tightening in credit conditions that has restrained economic growth.

Examples Of ForexGen Trading

Learn to Take Losses: According to Marty Schwartz, The most important thing in making money is not letting your losses get out of hand. Stay Objective: According to Randy McKay, I'll keep reducing my trading size as long as I'm losing... My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.

Transaction Costs: According to Van K. Tharp, I seldom see a system that over a number of years produces profits that are much bigger than the transaction costs it generates - that is, if a system generates a million dollars in net profits, ForexGen then it probably generates more than a million dollars in transaction costs.