ForexGen | Risk Reward Ratio

Risk reward ratio is simply the amount you risk as compared to the
amount you expect to make.
If you have a stop in place which limits your risk to $1000 but when
your trade is successful you expect to make $3000 then your risk to reward ratio is 3:1 From the table above you can see that if you only selected trades where you thought you had a 3:1 risk reward ratio, then even if you were right only 50% of the time you would still make a profit.

ForexGen Regulation

Preferably you want a company that is regulated in the country that it operates, insured or bonded and has some kind of track record.
I cannot advise you on which broker you should use as there are just too many variables.
But as a rule of thumb, nearly all countries have some kind of regulatory authority who will be able to advise you.
Most of the regulatory authorities will give you a list of brokers that fall within their jurisdiction.
Although they won’t advise you who to use, you will be able to use the recommended broker with some confidence.

Dollar Slightly Weaker | ForexGen

Currency pairs have been quiet during the Asian session, with the dollar weakening slightly against the other major currency pairs. Activity will pick up as the European session gets into full swing and we head toward the U.S. open

The Euro (Eur/Usd) has strengthened since the start of the new trading day, gaining approximately 40 pips and trying to break above the 1.4750 level. Activity in the pair will likely increase as we head into the final European session of the week and traders anticipate the release of euro-zone CPI estimate and the unemployment rate.

The Swissy (Usd/Chf) has moved lower as the dollar weakens slightly in the broad market. The swissy, which is a good indicator of dollar strength/weakness, has dropped 30 pips since the new trading day began and is currently testing the 1.0950 level.

The Cad (Usd/Cad) enters the European session unchanged from where it began the new trading day after gaining approximately 50 pips yesterday. Oil prices dropped, hurting the Canadian dollar, after the IEA said it would tap strategic stockpiles if Tropical Storm Gustav damages production facilities in the Gulf of Mexico. The pair is trying to move higher but the 20 day simple moving average is proving to be strong resistance.