The Pips at Currensee World Headquarters have been hard at work building an exciting new feature for our clients. From now on, when you allocate to a Trade Leader, we will look to see if the Trade Leader has any open positions and whether or not we can get you a price that is favorable to that of the Trade Leader. This means that if the Trade Leader is in a drawdown, you’ll automatically get the trade, but in a better position than everyone else in that trade.

I bet you’re asking, “What does …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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A reader of my trading education blog recently left a comment questioning the concept of so-called “off-exchange” forex trading. The reader in question had some concerns about the way the regulators in the U.S. have defined retail forex trading in this fashion. Those concerns, however, are unwarranted.

The term “off-exchange” is merely an indication that a market (or subset of one – in this case retail forex) does not function through an exchange like the New York Stock Exchange (NYSE) or Chicago Mercantile Exchange (CME). Exchange-traded markets, most notably the global stock markets, get considerable space in the press. They …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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In another contrarian move, yesterday Warren Buffett joined a social network of a few hundred million members and followed exactly none of them. As of this writing @warrenbuffet has almost 200,000 followers and two tweets. Does this finally legitimize Twitter in the financial world? I’m thinking that happened a while ago. Does it mean we can all get pearls of Warren’s wisdom on our smartphones day and night? It’s early yet, but I’m going to channel the magic 8-ball and say, outlook not so good.

In other financial twitter news, do you remember the little flash crash (twash crash? flash …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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A while back, motivated by persistent misinformation being presented in the media, I did a quick study of volatility in various markets. It was something I repeated here last year using weekly rather than daily data. Markets have had lots of different things happening recently, so I decided to re-run the daily data study, this time using 5 years of data rather than just the 1 year I went with the first time around. Also, rather than showing the figures in tabular format, I’ve decided to make things more visual and put the results in a pair of charts.

Here …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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Toward the end of 2012 I authored a post that discussed a phenomenon academics in the area of behavioral finance term the Disposition Effect. This is a bias theorized and observed in which traders are prone to hold on to losers too long and close out winners too quickly. Anyone who has been involved in the markets for a decent amount of time while have likely heard the equivalent of cut your losses short and let your winners run, which is advice essentially meant to counter the psychological impact of the Disposition Effect without actually naming it.

In that prior …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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Last week all the talk was about the volatility in Bitcoin. This week gold has jumped to the top of the list thanks to a sharp decline in the precious metal. Some folks are even drawing a link between the two markets. The Big Picture has a good collection of reactions, explanations, and expectations in a recent article. The OANDA blog blames the drop of the last two days to a massive sell order from an investment bank which hit the market on Friday. Not overly surprisingly, the surge in volatility has motivated a hike in gold (and silver) …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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The catastrophe that beset Cyprus’s ‘too-big-to-bail’ banking sector confirmed that the seemingly never-ending crisis in the eurozone is far from over.  Indeed, investors are already busy searching for the member of the single currency that is likely to be next in the firing lining.

The hunt has exposed the Republic of Slovenia as the most plausible candidate for a future bail-out, and the financial markets have responded accordingly.  The yield on ten-year sovereign bonds jumped from below five per cent mid-March towards seven per cent by the end of the month, while the yield on two-year notes registered an even …Continue Reading

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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Here at Currensee towers, we talk about alternative investing a lot: we talk about how good alternative investments are uncorrelated with traditional investments, we talk about how spot Forex is an alternative investment, and we love to talk about how a diversified portfolio of Currensee Trade Leaders can be an alternative investment.

Recently, there’s been some discussion in the media about investing in art, specifically contemporary art. (If you’re not up to speed, “contemporary” art mean art by living artists, or at least artists recently living.) It seem on the face of it, you can’t get much more alternative than …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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There’s been a lot of chatter about Bitcoin of late. This is thanks in large part to its significant upward run, but also because of its high volatility.

For those unfamiliar with it, Bitcoin is a decentralized, completely digital currency. It has no central bank and requires no financial institution to create or transfer. In these days where the likes of the Federal Reserve, Bank of Japan, and others are printing money in massive quantities, Bitcoin has garnered considerable attention as a currency that could represent a safe haven against inflation created by in incessant money supply expansion of …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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Just about two months ago I wrote about my expectations for an expansion in volatility in the dollar. That was based on looking at the weekly USD Index chart and observing very narrow Bollinger Bands, which is often a precursor to the start of a new trend in the markets. As we can see, the greenback has indeed broken clear of the range it started the year in, and of late has reached within striking distance of the 2012 peak.

We can see from the Band Width Indicator in the sub-plot above that the Bands are now in about the …Continue Reading

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

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