Tag Archives: Forbes

Aite Group recently mentioned Currensee as one of the Top 10 Trends in Wealth Management. “Copy Trading” is listed as the #7 trend on the report and shows some very positive signs for 2012.

The report refers to copy trading as “...one emerging financial service holding promise because it improves the outlook of all three pillars of wealth management (asset gathering, trading volume and fees), particularly during this period of low yields and uncertain economic conditions.”

Copy Trading CurrencyCopy trading allows investors to follow professional traders by mirroring the professional’s trades in their own personal trading account. This allows investors to gain exposure in other markets where they might not have the time or skill to trade on their own. Copy trading is also beneficial to asset managers because it can funnel millions in AUM through their office.  Managers can offer a single trader or combine a group of traders and create a fund for their clients. In short, managers can offer their clients a viable way to invest in the currency market without being a currency specialist.

In an earlier Forbes article, Aite Group goes on to say how Currensee is the leader in educating investors and managing traders. An important part of copy trading is the proper vetting of currency traders that your clients can follow. The vetting process removes unprofessional traders who don’t have the discipline to trade successfully. By only allowing the top traders to be selected, the follower or asset manager only needs to choose few different traders to create a diversified currency investment. Following a group (or fund) of seasoned forex traders can be a nice addition to the standard equity/debt portfolio.

 

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 ghosts and goblins were out in full sight this week, but thankfully they didn’t scare the currency markets. While we nibbled on Reese’s Peanut Butter Cups, carved Jack-o-Lanterns and even shoveled after a record-breaking snowstorm, we read the world’s top financial headlines.

The biggest treat of the week was the European Union reaching a debt deal. After discussions lasted well into the early hours Oct. 27, eurozone leaders said they had reached an agreement for banks to take voluntary 50 percent losses on Greek bonds. The move is part of a plan aimed at reducing the Greek debt to 120 percent of gross domestic product by 2020 (its GDP is currently at 160 percent). While this is certainly good news for Europe, some financial experts believe leaders have waited too long for this solution as millions of Europeans have been out of work and many countries have been slipping into recession. What could bring a healthy burst of optimism to the world markets is Asia’s stocks. The Asian markets last week flexed their financial muscles with stocks climbing positively. That positivity has leaped the Pacific Ocean to the U.S.: economic forecasts from the government, financial analysts and academics are showing signs that the U.S. economy will be booming by 2020—some good news after recent years of sluggishness. Among the factors for the thrust is housing prices, which will rise sharply. For those who may want to become the next Daddy Warbucks, Forbes has issued some tips that can keep your wallets fat and $1,000 richer in the new year. Instead of surrendering the green stuff for personal expenses left and right as if you’re Hollywood’s elite, pack a lunch instead of buying each day, clip coupons, maximize your credit cards and set—and maintain—budgets.

 

 

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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.