How can I help?

In June of 2012, a proposal by the National Futures Association requiring stricter regulation of PAMM accounts went into effect, sending many money managers and CTAs scrambling for PAMM account alternatives.

A PAMM account, or Percentage Allocation Management Module, is simply a way for investment management firms and CTAs to manage individual investor accounts more efficiently. Multiple individual accounts are aggregated into one “Master Account,” which is traded by the money manager or CTA. It is operated as one pooled account and the P&L is divided equally among the investors based on their equity in in it.

In April of 2012, James Bibbings, a former NFA supervising auditor, wrote a very informative post discussing the implications of the pending proposal. Appearing on SeekingAlpha.com, the post explained how the NFA felt PAMM accounts too closely resembled Commodity Pools, without being registered as such.

The points they brought up described multiple instances of structural problems. Issues with liquidity and margin were posing risks to investors and contributing to questions about the fairness of the division of P&L among sub-accounts. In the proposal, the NFA recommended the restructuring of PAMM accounts as a means of eradicating any dangers they could cause participating investors.
Bibbings also notes that PAMM scrutiny has reached the state level. Pennsylvania state security regulators saw the PAMM allocation system as a mechanism that was generating a “synthetic securities product.” This view made PAMM accounts subject to many additional securities laws and regulations in Pennsylvania, and could do so in other states, too.

At the time of Bibbings post, things weren’t looking good for PAMM accounts as they fell under intense regulatory scrutiny. Two months later, after the proposal took effect, “traditional” PAMM accounts began disappearing to make their necessary compliance changes. Some companies have seized the opportunity to create PAMM alternatives and others offer consulting services to help existing PAMMs comply with the new rules.   These instruments play an integral role in providing CTA’s and Money Managers with the key benefit of PAMM accounts: centralized management.

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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.

That was my (very) failed attempt to speak like a young person. My mother is cringing; my boss (Dave Lemont) is ordering a book from Amazon to help me with business communication. And is “tweet” really a verb? Maybe I’m too old for this stuff but I digress. This week's "How can I help?" post takes on the Twittosphere.

For those of you who don't already know you can set up your Currensee account to automatically "tweet" your trades through your Twitter stream. From time to time members ask why their trades aren’t being posted on Twitter. Let’s see if I can help you solve this fairly simple issue:

First, have you linked your Twitter account to your Currensee account? To do this, please log into your Currensee account and click on your profile. Next, click on the Tweet My Trades link next to Twitter on your profile. Now enter your Twitter username/email address and password then click “Allow” on Twitter’s pop-up. You’ll be directed back to the Currensee platform. Where you’ll automatically begin to tweet your closed positions. If you'd like to tweet all positions (pending, opened, increases, decreases, closes, etc.) then click on the Edit link next to your Twitter username. This can be found on your Profile, and un-check the “Tweet Closed Positions Only” check box.

Once that’s completed we’ll start sending your trades to Twitter and from there Twitter will work some serious magic. Your millions of followers can see all the trades you’re making using the Currensee platform. Remember, this will only tweet your trades to your followers, if you want to follow the trades of your friends check out their Twitter username listed in their Currensee profile and start following them on Twitter (don't forget to follow us too!).

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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.

1 Comment

I’m asked from time to time what “Trade Together” means. Well, it's what you make of it. For some people being social is about collaboration, and for others it's about strategy and community. Currensee is a place for many different types of traders. Some members look in their Positions Table to see the trades of their Trading Friends. Others will send emails using Currensee’s email platform. And still others will collaborate, real-time, to help each other figure out whether it’s time to get into a trade or not (think Instant Messenger).

Feeding the little voyeur in me, and sharing with the rest of you, I’ve attached a real chat between two members (it took place inside the platform!) – it's a great example of two members who "Trade Together." The only change I’ve made is to the names … to protect the innocent … or the guilty! Shhhhh, be very quiet, we don’t want to scare them off!

  • Alain: I really want the EUR USD trade
    Ming: Cos the parabolic sar did not change
    Ming: RSI showing uptrend
    Ming: ma moving side ways
    Alain: So when will u enter?
    Alain: EUR/USD
    Ming: Showing uptrend in 1hr chart
    Alain: Yes
    Alain: Are u in?
    Ming: But there might be a retracement cos RSI in 5min showing oversold ... better to wait
    Alain: OK
    Alain: How do know the oversold sign?
    Ming: If u have time u could check out the eur/aud or aud/usd
    Alain: OK
    Alain: aud usd
    Alain: sideways
    Ming: Going to shoot down
    Ming: Just wait till the 5dma cros both 10 n 20dma
    Alain: Going up
    Ming: OK then wait
    Alain: Are u in it?
    Ming: Im in eur/aud

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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.

The gang here at Currensee has decided to start a weekly post called "How can I help?" What is "How can I help?" all about? Well, it's about our members! It's a weekly post touching on a topic our members are asking the support team about. It's our goal to help you understand Currensee and get the most value out of the platform. We encourage our users to ask questions, be inquisitive, and be honest about what does or doesn't make sense to them.

I'm Marcie Smith - the first words out of my mouth are always "how can I help?" And now I leave you with this week's topic: My trades aren't showing, HELP!

So you say your trades aren't posting correctly. Not a problem. Let's figure this out together.

  • First, are you trading MT4? Yes? Awesome.
  • Second, is it installed on all computers that you're trading on? Yes? Also good news.

Here's the deal. Remember when you installed the Currensee Bridge/EA? Remember when you installed it on one of your charts? Here comes the question, is that chart running?

Did you answer, no? (it's OK you can admit it) Here's the thing, if the chart is running your data will be sent to Currensee, but if it's not running we won't get the data and you'll end up out of sync.

We know that sharing your trades or at least seeing your trades in your positions table and your profile performance is important to you, but the key to that is making sure that the secure universal bridge is running. Other questions about the EA? Let us know, we're happy to help.

Questions about anything else? Email us at support@currensee.com and we'll be sure to answer promptly or even feature your question in next week's "This week in support" post. Happy Trading!

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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.