Events

FXstreet.com is organizing a special webinar together with Currensee Trade Leader Taylor Growth, tomorrow Thursday at 15 GMT / 10 am EST!

Tom Dawson and Josh Colton

In this webinar Tom Dawson and Josh Colton from Taylor Growth will discuss how a high degree of leverage can work against you as well as for you. Josh and Tom will discuss the risk/reward tradeoff, the importance of establishing your investment objectives and balancing your objectives with your appetite for risk.

Gift for attendees!

A special limited-time webinar promotion will be offered to all attendees of this webinar by Liquid Markets!
Details regarding this promotion will be announced at the webinar including eligibility, enrollment and terms & conditions. Don’t miss out!

REGISTER NOW!

If you never attended a webinar before on FXstreet.com, make sure to read our instructions.

Taylor Growth Company is a privately held financial services firm that was founded in April 2007 to develop long term savings and investment programs as alternatives to the stock market. We specialize in spot foreign exchange (Forex) currency trading. Investors have a choice of investment strategies at Taylor Growth Company. Taylor Growth Company is a member of the National Futures Association (NFA), and adheres to NFA guidelines and ethics. NFA # 0405331

The Currensee Trade Leaders™ Investment Program is the unique autotrading service that delivers a select network of emerging foreign exchange managers, called Trade Leaders. Once you open and fund your account, you simply choose the Trade Leaders you want to follow by adding them to your portfolio. By joining the program, you leverage sophisticated technology that replicates the trades of a Trade Leader in your account in real-time, regardless of where you are in the
world.

REGISTER FOR TOMORROW’S WEBINAR ON FXSTREET.COM

With the International Traders Conference just over three weeks away, we thought it would be a good idea to offer anyone wanting to deepen their Forex trading knowledge a look at what goes on within the conference. The ITC is an event hosted by FXstreet.com, one of the world’s top 10 currency trading portals offering information to help traders achieve success in Forex investing. Since the conference is purely educational, FXstreet.com’s focus was directed primarily into seeking out six of the best industry professionals to help attendees become better traders. For three days, guests will be able to partake in a series of talks and interactive live trading sessions with the speakers, as well as connect with others who share the same interests as them.

What makes this event so special is its vivacious, warm, and social atmosphere. Since there is a maximum of 70 attendees each year, the event remains very personal, allowing guests to work closely with the speakers. For three hours each day, they will be able to engage in live trading sessions with each of the six speakers where they will get to follow along with their trading on their own computers and even partake in a few trades themselves.

Below are some photos taken at the last ITC, which took place in 2010:

Attendees listen attentively during Triffany Hammon’s live trading session.

A beautiful lunch waiting to be enjoyed at the Comedor.

Todd Gordon’s group during a live trading session.

Chris Capre's group partaking in a live trading session.

Some of the 2010 ITC attendees listening to a speech.

Forex industry professionals and ITC speakers Boris Schlossberg and Todd Gordon.

Attendees enjoying the delicious farewell reception spread.

The event was enjoyed by all in attendance!

Noemí, Content Director at FXstreet.com, was able to get a Skype interview with professional Forex trader and educator Rob Booker! Here, he provides insight on what the ITC is really about ---> Rob Booker Interview.

Having the opportunity to interact with others who are passionate about improving their Forex trading skills is what makes the ITC such a unique event. Here is what a four-year attendee from Greece had to say about the conference:

"I have participated to the ITC from the first venue up to the most recent. This says a lot about my liking for a venue like that. I have no relationship whatsoever with the organizers so the decision to come from my country and attend was merely based on the merits that I receive towards my strive to become a better trader. The atmosphere, the organizers and the speakers have always been exceptional.
I went the first year and then thought that I might not go again cause I had a lot of information to digest. But likely each year has been so different, especially  the info that you can implement to your trading.
For me the motivational aspect of the ITC is the biggest  bonus as you get to meet with very interesting people and exchange ideas and cultures from all over the world!!
The way the ITC is organized  is unique on how you learn,  interact,  meet  and talk to speakers. All the concepts covered are immediately analyzed and applied during the live trading sessions."

Yannis Rigos – ITC ‘07, ‘08, ‘09 and ‘10 attendee (Greece)

To learn more about the ITC 2012 which takes place in Barcelona, Spain, visit their website here. (To receive a discount of $190 USD/150€, add coupon code: mp_currensee)

 

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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.

What do you get when you combine a handful of the best Forex industry professionals, educators, and analysts; a roomful of enthusiastic traders looking to improve their strategy; and the beautiful locale of Barcelona, Spain? The 2012 International Traders Conference, of course!

It’s no secret that one of the best ways to increase your Forex trading success is by learning as much about the industry as possible, and at the ITC, the emphasis falls primarily on education. Here, attendees will not only have the opportunity to experience FX professionals presenting a variety of fast-paced and highly informative talks, but they will actually get to see them in action by participating in live trading sessions.

The conference is hosted by Fxstreet.com, one of the world’s top 10 currency trading portals that offers users unbiased information to help them achieve success in Forex investing. Maud Gilson, Communication Manager at FXstreet, is once again in charge of organizing the event.

“The ITC is so different because it’s not like a typical expo or workshop where there’s only one or two speakers – it’s an entire 3 day event with six experts. There are no commercial presentations, no booths, no products – it’s purely educational,” explains Gilson.

Because they are in collaboration with the entire Forex industry, from start-ups to investment banks, it was no problem for FXstreet to build a roster of multiple internationally renowned foreign exchange professionals to lecture at the event.

To be sure they ran the gamut of varied Forex topics, the speakers were selected based on their expertise in different areas of trading, such as technical analysis, strategies, and psychology. Each of their speeches runs roughly an hour in length and divulges information on topics such as high frequency finance, where coach and technical analyst Richard Olsen shares with audiences how to leverage new insights. Walter Peters, PhD and founder of Australia’s FXJake, will explain the side effects of indicator-free trading and how it can be used to ones advantage.

Coach and Technical Analyst David Pegler will be giving a straightforward explanation of utilizing price action, market fractals, and Fibonacci numbers to increase trading success. Giving a genre of lecture new to the event this year is Steve Ward, owner of High Performance Global Ltd. In it, he scrutinizes the “traders brain” and explains the psychology and neuroscience behind Forex investing.

“I think the live trading is the best part; the traders are so passionate becomes a much more involved and interactive experience than just something you would listen to,” says Gilson.

To ensure each guest get the most out of the event, it is offered only to 70 participants. This way, small groups of between six and eight attendees will be able to interact directly with each speaker in a live trading session. By having the opportunity to work with various FX professionals, each guest will be exposed to a rich and varied assortment of trading strategies.

“The live trading goes on for 3 hours everyday where the speakers project their computers on a big screen and everyone has a laptop to engage in live trading. Guests will even be able to take some trades together with the speakers,” Says Maud.

Traders of all different experience levels can benefit from ITC Barcelona, and aside from being an intensive learning experience, the conference is also a strong networking tool. Previous attendants rave about the welcoming and interactive atmosphere of the event, which takes place at the beach front Barceló Atenea Mar. Since space is very limited, anyone interested in participating is strongly advised to register soon, as the event fills up quickly. For more information and to register for the ITC, visit the their website here >> ITC Barcelona 2012. (To receive a discount of $190 USD/150€, add coupon code: mp_currense)

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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.

If you've ever watched the 70's sitcom, The Odd Couple, you know that Oscar and Felix had their issues. Oscar, the disheveled, divorced, sportwriter, was the more socially-ept, carefree and witty character, while Felix was uptight, neurotic and of "the sky-is-falling" mentality. The two very different characters combined for a unique type of relationship: in the face of adversity they were somehow able to learn from each other and create opportunity.

The volatility we've seen in the markets over the past few months is what I'm coining: The Finance Odd Couple. On one hand, we have the Dow plunging 500 points in one day, countries in economic ruin and the U.S. credit rating experiencing the first downgrade in history. On the other hand, you have emerging economies rising, bullish analyst opinions on the US Dollar and opportunities to find the silver-lining in the market's volatility.

Because I am a glass-half-full kind of girl, I much prefer to see opportunity where everyone else sees doom and gloom. Case in point - the hot topic of this month's webinar called The Volatility Myth: Uncovering Opportunities in Turbulent Markets. John Forman, senior foreign exchange analyst, has some pretty interesting data to share with us on where the opportunities are for traders and investors alike. John has pulled this data together just for us and we want to share it with you. Wondering how volatile the markets really are? Curious as to where the opportunities lie? Want to ask some questions of your own?

I'll be hosting this month's webinar this coming Wednesday, August 24th at 12pm New York Time. Attendance is free and, by attending, we'll send you an exclusive copy of our nifty new eBook The Smarties' Guide to Alternative Investing in the Foreign Exchange Market. So, bring your questions, your opinions and your friends and join us for what promises to be an informative discussion and unique learning experience you can apply directly to your trading and investing. Register here.

See you at the webinar!

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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.

Charlie Fell may be Irish, but he draws upon our very own Massachusetts history to explain the misfortune that has fallen upon Wall St.--witchcraft!  Well, not exactly, but he does use historical data to explain why a double-dip recession may not be in the cards.  Let's hope this bad spell ends before the situation gets even scarier!  Read his full blog-post here.

 

 

A Double-Dip is Not Reflected in Stock Prices

On this day in 1692, John Proctor along with fours others, including the Reverend George Burroughs, were executed by hanging at Gallows Hill in the village of Salem, Massachusetts, having being pronounced guilty of witchcraft and sentenced to death two weeks previously.  More than three centuries later and, the ‘black arts’ are clearly being practiced on Wall Street, as a coven of investment soothsayers has consulted their Ouija boards, amid the extreme volatility on financial markets, and divined that stock prices have already discounted the dreaded double-dip recession.

The diehard bulls on Wall Street stand accused of misplaced optimism that appears to be based on wishful thinking rather than hard facts.  The notion that an economic downturn is already reflected in stock prices at current levels is simply not supported by the historical evidence.

There have been nine recession-induced declines in the major stock market averages since the mid-1950s.  The mean and median drop in stock prices across these bearish episodes was 32 per cent and 28 per cent respectively, as compared with the 18 per cent fall from the recent cyclical high registered in late-April.

Furthermore, stock prices bottomed early last week on valuations – based on cyclically-adjusted earnings – that are several multiple points above the average recorded at the trough of previous recession-induced declines.  For current valuations to contract to the typical price/earnings multiple seen at previous cycle lows, the major indices would have to fall by a further 17 to 31 per cent, based on operating and reported numbers respectively.

The verdict of history is clear – the recent decline in stock prices and the resulting valuation multiples do not incorporate an economic downturn.  The historical evidence suggests that, given a recession-scenario, the S&P 500 could easily drop to 925 and, perhaps even further to below 775, as compared with a recent high of 1364.  In this regard, it is important to stress that the lesser of the two outcomes is more probable, should a downturn materialise, for a number of reasons.

First, a ‘true’ double-dip recession, where the level of real GDP during the up-cycle fails to exceed the previous business peak, has never before occurred in the post-WWII era.  The annual revision of the national income and product accounts, published by the Bureau of Economic Analysis (BEA) last month, revealed that the contraction in economic activity from the winter of 2007 to the summer of 2009 was greater than originally thought – at more than five per cent or half-way to a depression – while the subsequent recovery was not as robust as initially reported.

The lacklustre economic momentum since activity bottomed more than two years ago, means that slack in factor markets remains considerable – most notably in the market for labour.  The civilian unemployment rate has been north of 8 ½ per cent for 31 consecutive months – the longest stretch since the 1930s – and the current reading of 9.3 per cent is four percentage points above the average of the rate recorded at the previous nine business peaks.  Not surprisingly, real personal income, excluding transfer payments such as unemployment benefits, is still more than five per cent below the cycle peak, which suggests that households are decidedly short of firepower, even absent an economic downturn.

Second, the growth rate in nominal output – both year-on-year and quarter-on-quarter – has rarely been lower when the economy stood on the verge of recession.  The current pace of year-on-year growth is roughly half the typical level registered at previous business peaks, while the annual rate of quarter-on-quarter growth is more than two percentage points below its comparable number.

It cannot be stressed enough that a low growth rate in nominal output, combined with debt levels that are close to record highs relative to GDP, means that the economy is vulnerable to a vicious debt-deflation cycle, whereby demand-side constraints lead to falling nominal GDP, soaring unemployment and a catastrophic decline in corporate profits.

The household debt-to-GDP ratio has declined by more than eight percentage points from its peak to below ninety per cent, but the current figure remains high by historical standards, while declining tax revenues relative to GDP, combined with automatic stabilisers and various fiscal stimulus programmes, means that consumers’ deleveraging efforts have been more than offset by the increase in both federal and state debt-to-GDP ratios.  The bottom line is that the non-financial sector debt-to-GDP ratio has jumped from 226 per cent in 2007 to more than 245 per cent today.

Third, the prolonged ‘soft patch’ in the U.S. economy has already been transmitted to Europe.  Eurostat revealed earlier in the week that growth slowed to just 0.2 per cent in the euro-zone during the second quarter, as compared with the previous three-month period.

Should a recession in the U.S. materialise, the negative impact on the economic environment in Europe would surface relatively quickly via financial markets, and exacerbate the stress in sovereign debt markets that has already moved beyond the ‘soft’ periphery to Italy and Spain.  It is not unreasonable to argue that a full-blown recession in the euro-zone, at this juncture, would shut Italy out of the bond market, precipitate more than one sovereign default and a banking crisis that could bring an end to monetary union.

The notion that stock prices have already incorporated a double-dip recession is nothing less than bunkum.  The downside risk to stock prices from current levels, should the developed world succumb to recession, is material and cannot be dismissed out-of-hand, given that both governments and central banks lack the firepower to push the economy forward.  Tail-risk is high and caution is warranted.


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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.

Throughout the past few months, 200 of Massachusetts’ best and brightest technology companies have been competing for the prestigious Mass Tech Leadership Council awards.  Submissions were judged by a panel of Council trustees and local thought leaders who narrowed the contest down to 15 star-studded companies. We were totally psyched to learn that we made it to the finalist list!

Our fellow finalists could not be a more eclectic bunch of public and private companies. They have a wide array of products, ranging from Gemvara’s design-your-own jewelry to iWalk’s electronic limbs. The competition was stiff and we’re proud to be the only financial services tech company who made the cut.

On October 6th, all fifteen finalists will duel it out for the Product of the Year title at the Massachusetts Technology Awards Gala.  Throughout the cocktail reception, the CEO of each company will present their product and the winner will be judged by a live audience vote.   We’re counting on Currensee CEO, Dave Lemont, to dazzle the crowd and bring home our first Product of the Year Award!

Check out our competition (and their blogs) below:

AisleBuyer- http://blog.aislebuyer.com/

Apperian- http://blog.apperian.com/

Digital Lumens- http://www.digitallumens.com/company/blog/

Gazelle- http://blog.gazelle.com/

Gemvara- http://blog.gemvara.com/

GrabCAD- http://blog.grabcad.com/

iWalk

KangoGift- http://blog.kangogift.com/

Myomo

Peer Transfer

SpaceClaim- http://www.myspaceclaim.com/blog/sc/default.aspx

Strohl Medical

TripAdvisor- http://tripadvisor.wordpress.com/

Vecna Technologies

If you’re interested in attending the event, visit the Mass TLC page here.  We’d love to have your support!

 

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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 May, Currensee presented at Finovate 2011 in San Francisco, California. Currensee's CEO, Dave Lemont knocked it out of the park with a killer presentation and a packed house. Watch the video below or click here to view it on our website. Thank you for having us Finovate!

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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.

With the end of this month will come the end of the Federal Reserve's second quantitative easing program, known as QE2. On Thursday Currensee will be hosting a panel discussion where the implications of the ending of QE2 will be addressed. You can learn more at http://www.currensee.com/endofqe2

In case you don't really know what QE2 is all about, let me give you the skinny.

Quantitative easing is basically the central bank (Fed, ECB, Bank of Japan, etc.) purchasing securities from the market. This is intended to accomplish a couple of things. One is to stabilize, if not increase, the price of the securities being bought. During QE2 that's been US Treasury bonds and notes. Because bond prices and yields move in opposite directions, rising Treasury security prices means lower interest rates. This isn't as neat and clean as when the Fed changes the Federal Funds Rate or the Discount Rate, but at least it could be said that rates would probably be higher without the Fed buying Treasuries simply because of the demand the central bank represents.

The other thing QE does is inject money into the economy. When the Fed buys Treasury securities it "prints" money to do so. That expands money supply, at least on the base level. That's more money that can be used by the banking system (since just about all money ends up there in one way or another) to create new loans. Of course, in an economy like the one we're in now where banks have tightened standards and borrowers are not as interested in taking out loans, the impact of QE on loan growth isn't much.

Where QE is seen as having a secondary impact, however, is on asset markets. The perception of many in the markets is that the increased amount of money in the system has been responsible for the big gains we've seen in commodity prices. Since the Fed decided to do QE2 because of the risk of deflation (the opposite of inflation), these rising prices (including those in stocks) are perceived by the market to have been the Fed's intention. No doubt this subject will come up during the panel.

The Fed has indicated that it will conclude its $600bln of QE2 Treasury purchases this month. That isn't to say, however, the Fed will be out of the market starting on July 1st. Quite the contrary. The Fed has indicated that it plans to continue reinvesting the principal repayments it receives (both from maturing Treasury securities, and from pre-payment and maturity inflows from all the mortgage-backed securities it bought during QE1). The plan is to keep the Fed's balance sheet (total security holdings) at a steady level, so we will continue to see the Fed buying periodically, just not in the same volume. To that end, it could be suggested that QE2 won't actually be over. I'll leave the semantic decision about that to you.

What we will look to address in the panel is the implication moving forward of the end of QE2 as it relates to the global markets. Hopefully you can join us. http://www.currensee.com/endofqe2

 

What is up with the world?  Still trying to figure it out?  Yeah, you and me both, but in case you’re wondering what happened in the last seven days, here is your weekly wrap-up.

Around the Globe

World Finance

Currency Trading

This past Saturday March 5th - CEO, Dave Lemont was featured on Unlock Your Wealth Radio. Below is a short blurb about the radio show as well as a link to listen. Enjoy!

Listen here --> Scroll down to the On Demand Episode March 5, 2011 episode

Investing expert Dave Lemont joins us in the first hour. Dave Lemont is Currensee's CEO. Prior to Currensee, Dave was the CEO of AppIQ, the leader in storage management software, which was acquired by HP. Investors were happy with a 6x return, $30M run rate and over 300 enterprise customers in just two years. Stuart Vener drops by in the second hour. Stuart Vener, President of the Wilshire Holding Group, Inc. has a varied and extensive career in business and real estate related activities. Vener is one of America's most knowledgeable real estate investors/consultants. He provides expert information as a guest on radio shows throughout the country, and regularly appears as a mortgage and real estate expert on Fox News. Join us each week where we talk about crisis management and financial wellness tools designed to help you manage your finances and attitudes for achieving financial wellness today and financial Independence for the future. With our Investor's Edge, Millionaire Minute, Keys To Riches, Minutes on your Money segments with special guests, celebrities and the financial gurus of our times, finally...financial freedom can be yours at http://www.unlockyourwealth.com

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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.