Daily Archives: August 13, 2010

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To the week of August 8th, we bid you adieu and good riddance. It’s been a little hectic around Currensee World Headquarters. In fact, a few times certain people even got a little nutty under the stress. We’ve been working around the clock, and there’s some big (huge!) new developments coming soon to Currensee. We can’t pull the curtain just yet, but stay tuned. Exciting times are a’coming!

In the meantime, here’s some of our favorites bits of news and commentary from the Forex front:

  • There’s been a whole lot of steam surrounding Dodd-Frank Wall Street Reform Act. While some are fuming it’s Obama’s personal crusade against Forex (look no further than Exhibit A and Exhibit B), others say it’s much to do about nothing. How are you sleeping at night, or not, traders?
  • There so many to-do’s and no-no’s in Forex, it’s hard to keep track. Forget your brokerage account for two seconds and get back to basics: your good ol’ checking account. We recently read about what motivates financial decisions, and a couple of words stood out: survival, stability, fun. Don’t the same rules apply in the Forex game?
  • To all you aspiring “Wall Street ballers”, you don't want what you think you want. Raghee asks all the big questions: What do you want from your trading? What are you prepared to do to achieve this? Do you have the risk tolerance (or stomach) to really pursue it?
  • Speaking of having a stomach for Forex, it was a recurring theme this week to talk about a condition we’ll name "Forexitis". Disturbing dreams of being beaten by red candlesticks? Irritated eyes, or just generally irritable? Forex and hypochondria is never a good combination. Is Forex really that bad? Heck, we survive every day. Kind of.
  • Casey Stubbs WANTS YOU (yes, you) to take his "follow the Forex rules" challenge for 10 days. Join in on the “Forex diet”, and then tell us if you came out a better trader or cracked under the pressure.

    Photo by Josh Mazgelis

  • A couple of tidbits from DailyForex, the first one on treating your Forex trading plan as a business (because it is). The second is really a no-brainer - trade what you see, not what you want to see. Two solid, if not pretty obvious, pieces of advice. So why do so many traders fall short in these departments?
  • Boston has an "Innovation District" (no surprise there), and it’s not in the North End? (Gasp!) I mean, Fort Point is a cool neighborhood (they have a pretty cool view of the Boston Tea Party ship), but we’re the Italian district of Boston! No competition. Hey Fort Point, we bet #NorthEnd can become a trending topic on Twitter faster than #FortPoint any day. #ChallengeAccepted!

Have a piece of news or blog you want to share, or write one of your very own? Share it! We’re all about collaboration – it’s kind of our thing – and sharing the Forex good vibes. So drop us a line – you know where to find us.

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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.

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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.

This is the last week of my summer internship at Currensee, so I thought I'd write down some reflections on the experience.  I have to admit I had no idea what to expect when coming here way back on June 1st.  I was hoping for a great first experience into the start-up world, more particularly into the world of internet software start-ups.  What I got was just that: a fun, fulfilling, and interesting experience at this growing start-up.

I was a Product Management Intern for the summer, working for Shereen, the director of Product Management.  In most companies, product management means owning all aspects of the product, tracking and prioritizing features and bugs, and generally working with engineering, marketing, and management to set a vision and direction for the product.  At Currensee, all that is true.  But because we are a start-up operating with a relatively small staff, there was so much more to do!  Added in was helping to qualify and solidify business relationships for a major upcoming product launch, recruiting partners for our product marketplace (where we sell 3rd party products), doing random tasks at a frantic pace when the CEO or founder needed something, a whole lot of statistical data analysis, and just being ready to take on anything if it came up.  Phew!  And all that in just 10 weeks!

My main summer project was performing a detailed analysis of trader behavior.  I really got to "geek out" on this one.  Nothing but Excel pivot tables, correlation, regression, and just plain fun statistical analysis.  We ended up with a ton of great information to help Forex traders become more profitable, and to help us at Currensee better understand our customers. And we even will be publishing the results in a white paper and releasing the information in forthcoming blog posts, so stay tuned.

On a personal note, it was great getting to know everyone here.  Everyone gets along well, yet each person is totally unique in their own way.  It is amazing how many personalities coexist within this little 20 person start-up.  And, with six other interns this summer, it got pretty crowded in here!  In the large cubicle area where I sat, there were up to 10 of us at any one time, sitting around any open desk space we could find.  But we always were laughing and enjoying our time together.

I really am grateful for the experience here, and I have high hopes for what Currensee will become.  The start-up world is challenging, fast-paced, and rewarding.  It was a lot of fun, and also great to see my work appreciated.

Last but not least, the free snacks in the kitchen and frequent cupcake pickups from Lulu's will be greatly missed!

Goodbye for now,

Luke

(p.s. I know it's a picture of Lindsay on the bio. If you want to see me click here)

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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.

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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.