Author Bio

Brett Steenbarger wrote a very interesting post a couple of weeks ago reviewing the work of Andrew Hargadon on achieving breakthrough in organizations and the importance of communication in achieving breakthroughs.

I especially liked Brett’s interpretation of the thesis to the trading domain “One of the greatest threats to trader success and longevity is isolation and insularity. Without the free flow of ideas from different sources and perspectives, individual traders become trapped in limited ways of viewing and doing… I have consistently found that successful traders and portfolio managers have well-developed networks of contacts.”

We all have these epiphany moments of “A-HA” when we achieve a breakthrough every now and then. It usually follows a discussion we had or a comment that someone made, which may be totally unrelated to the problem we’re trying to solve.

New Feature We're Building: "People You Should Know"

From a survey we did at Currensee in September of this year we found that 85% of the traders surveyed see great value in collaboration but only 50% of them do this today. They told us that they don’t really know who to trust and where to find people that actually trade, use similar techniques, and trade at the same time as they do. One of the features that we’re developing in Currensee (see screenshot) will allow traders to meet others by matching trading style, trading hours, holding time, preferred currencies, etc. We’re hoping to help more traders achieve frequent “A-HA” moments!

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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.