Tag Archives: forex trading social network

1 Comment

Attention all Alpari UK, Ava FX, Easy Forex, and FX Pro traders: you can now join Currensee for free and link your live brokerage account. As part of the first-ever Forex social network, you’ll be able to measure your performance and share real-time trade data with your online trading team. We’re all about bringing trust and transparency to the Forex market, and are excited to welcome new members to our unique collaborative trading community.

“We couldn’t do what we do without strong relationships with Forex brokers and these new partnerships enable a whole new group of traders to take advantage of the Currensee trader network,” said Asaf Yigal, co-founder of Currensee.

Emanuel Kronitz, CEO of Ava FX, said, “We are thrilled to partner with Currensee and provide our traders with access to the Currensee trader network. Ava FX is dedicated to creating an exceptional Forex trading experience, and our relationship with Currensee gives our traders access to a unique Forex social network and the ability to connect with a wide variety of traders from around the world. It is a great compliment to our services.”

Sounds like a win-win. We look forward to meeting and collaborating with our new traders on the block. Now go mingle and build your trading team!

Happy Trading,

The Currensee Team

=====

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.

-------

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.

Today, we officially launched the Currensee Forex trader Rewards Program and Marketplace to the world.

It's another exciting step for us here at Currensee world headquarters in Boston. We announced our public beta last month and, at the same time, released the rewards program and Marketplace in private beta to members-only. We've been testing new features, products and services and gaining valuable feedback from our members and we're now ready to let all of you Forex traders out there know about this rewarding, members-only program.

First off, we are giving back to our members in the form of Currensee Bucks. Think of it as our way to say "thank you" to our members. You can earn Picture 25Bucks by referring friends, creating discussions and polls and participating in the Currensee trader network. You can also earn recurring Bucks by making Currensee your Introducing Broker and receiving Bucks every time you trade. Now that's a gift that keeps on giving. The great thing about Currensee Bucks is that you can use them right away to purchase a variety of great Forex products and services in the Currensee Marketplace.

Now, let me tell you a bit about the Currensee Marketplace. I've heard from traders on a pretty regular basis that they want a trusted source for Forex products and services. They ask me and other members for recommendations on education, training and are looking for reputable people to buy from. We built the Marketplace to meet this need. Think of it as the one place you can go for unique products and services, discounted pricing and, above all, trustworthy experts in the industry who have great products to sell. Even better, you can use your earned Bucks to buy everything from a trading set-ups newsletter to one-on-one coaching.

Picture 21

As a special promotion for our launch, we are offering any traders who join today through November 30, 2009, 30 Bonus Bucks when they join. You can use your Bonus Bucks to buy a variety of products in the Marketplace - our gift to you for joining the Currensee trader network. Tell your friends and get an additional 25 Bucks when they join! Here's the link to the special promotion: www.currensee.com/bonusbucks.

We'll be adding a steady stream of new products and services to the Marketplace. Have ideas or suggestions? Would love to hear from you.

=====

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.

-------

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.

4 Comments

I come from the retail brokerage world. A zero-sum game where every broker was always trying to one up the other guy all based on price. How low can you go was always the question the execs battled and price ruled when there was fierce competition for the same customers.

Price competition certainly continues to exist today, but what's interesting is that brokers and other financial services players are finally catching on to other ways of differentiating. Some tout service, others executions, still others research and reporting. Zecco emerged in 2006 and announced Free trades and shook up the market. The big guys scrambled and soon everyone was offering free trades. What next? The emergence of forums, communities and networks was just beginning and Zecco realized that creating a trading community could help differentiate their offering.

Recently, Zecco announced that their CEO is moving out and the CIO is stepping up. The Broker News blog covered this news and talked about the trading community space with the new CEO, Michael Raneri. The reporter says,

"Aside from Scottrade no other broker has dabbled in the community space, and Scottrade is still a relatively small effort. Zecco may have an opportunity to play in the same waters as kaChing, Covestor and even sites like Currensee. And Ranieri agreed. The opportunity to tap into the wisdom of the crowds exists, and in fact Raneri used that term several times in our conversation.

Wisdom of the crowds, eh? Sounds right up my alley, so I went ahead and joined the Zecco community. A few things struck me off the bat. First, while it Picture 24seems like a great idea to let everyone join the community without linking their brokerage account, I felt lost and confused. There I was in a community with a bunch of people with zero trades (see image) and zero faces (yes, that's me) with not much to say.

I wasn't sure what to do next so I started looking at peoples' profiles. Most of them hadn't done much or said much which supports Raneri's comment, “The community tends to mirror the blogosphere,” he admitted. “Some are very active while 90% are just lurking. But what’s important is we can mine the community for data.”

I get it. It's all about the data, sure, makes sense. But if 90% are just like me and just lurking, you only have data for 10% of your community. And, that leaves, in my opinion, a way-watered-down "forum-like" experience for the majority of people who haven't fully joined and may never see the value because of their initial experience.

Maybe Raneri has some tricks up his sleeve to improve his community. We have found here at Currensee that a trading community is only as good as the activity of the traders. We are lucky to have lots of active members who participate in our trader network and add value every day. My advice to Raneri is, rather than focusing on building another free community, put your heart and soul into building a valuable trading community where people actively share ideas and insights based on real trades and real information. Hm, sounds familiar...

=====

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.

-------

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

Ring the bell…The Currensee trader network is open for all Forex traders to join!

Today, we announced that our Currensee trader network – the first-ever Forex trading social network – is open to the public. For those of you who have been following our journey, you know that we spent eight months in our invitation-only private beta stage. Here in startup land, eight months seems to fly by more like eight weeks, especially when you are building the types of technology and collaboration features that take mere mortals years to build.

As I thought back to where we started, it seems like forever-ago that we invited 25 brave beta testers to try out our new idea for a trader social network. Our founders, Asaf and Avi, had a strong vision – they wanted to build a place where Forex traders could collaborate based on real trades and real data – but it’s hard to cook up a social network with only 25 people.  So we started inviting more, a few hand-picked Forex traders at a time.  And we started adding features and tuning our performance and analytics. We were lucky to have loyal and vocal members who spoke up when things weren’t working they way they expected or when they had a feature idea or suggestion they wanted to share. The product became more and more robust and more and more traders starting requesting invitations.

The Currensee team kept cranking out new features, programs, promotions, controversial videos and other Forex trader goodies. And, in just eight months, things are very different than they were on that chilly day back in February.  We have almost a thousand people trading together. We have an innovative product that combines the fun of a social network with the unique insights of strategies, performance and sentiment data…all based on the trader network. We started with members from two countries and supporting two brokers. In just eight short months, we have members from over 64 countries and support close to 40 brokers.

On behalf of the Currensee team, I want to thank all of our private beta members that joined before there was even a real product. We could not have come this far so quickly without your help and dedication to making Currensee a special place for Forex traders.

Today we leave the invitation-only private beta behind us and throw the doors open to the world.  We invite you to join our unique trader network and see for yourself what makes Currensee the place to trade together.

When my friends ask me about what makes Currensee so great, I always talk about the open collaboration we bring to the world of Forex. That we’re changing the game by giving all types of Forex traders the ability to connect with one another, see live trades and positions and share strategies, ideas, victories and their losses. We call it transparency and Trading Together is how we make it happen.

======

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.

-------

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're lucky enough to work for a company that values its employees, you've probably been invited to the attendance-not-so-optional company outing. If you've been to one of these outings, you know they can often be painful. Well, I am happy to report that was NOT the case at today's Currensee company outing.

We headed over to Kings in Boston's Back Bay for a social trading bowl-a-rama. For those of you who bowl, you know about the techniques, the strategies, the roll. For those of you like me, you know that just getting the darn ball to knock down a pin or two is a big accomplishment.

Bowling Pips

Today we took social trading to the bowl-a-rama level and I thought I'd share My Top Ten List of things I learned at our company outing:

#10. No one ever admits they are a great bowler.
#9.   Bowling is much more fun after a drink (or two).
#8.   We have some serious ringers on the team (see #10).
#7.   One of our pips was late because he swallowed a crown while eating lunch.

Emmanuel, Brian, Joachim

#6.   Getting people out of the office is a great way to get to know them (see #7).
#5.   I twist my arm too much when I bowl (a tip from some on the #8 list).
#4.   Talking politics never usually ends well, including while bowling.
#3.   I learn something new every time I talk to one of our pips.
#2.   "Do it together" is a great motto for bowling apparel.

Marcie

And the #1 thing that came across loud and clear? Everyone who works here wants to win. I'm not talking a few type A's. I'm talking beat your pants off, do a victory dance kind of win. There's nothing better than working with smart, interesting people who want to win. That's why I love my job and that's why I silently do the victory dance in my head every time we meet a milestone, put out a product feature or get some great feedback from a trader. It's social trading, baby, and there's only one outcome. Yeah, you guessed it.

Dave

PS: Check out additional pics on our Facebook Fan page.

=====

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.

-------

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.

5 Comments

We spend a lot of time here at Currensee explaining what we do to other people. Traders, analysts, bloggers, journalists - all somewhat normal people with a common interest in Forex. When we describe Currensee, we talk about being a Forex trading social network. When you say "social network," it's hard not to mention the usual suspects like Facebook and Twitter (there I go again). That's why I find it fascinating that there aren't any other Forex-specific social networks out there and, believe me, I've looked.

Perhaps they are masked as forums like Forex Factory and the many other gathering places for Forex traders to converse. Or maybe they are happening in slices of general-purpose social networks, like the StockTweets Forex stream or certain Forex Facebook pages. But, as an avid social networker, when I look at the forums and online chatrooms, I don't see a social network. I see a place where people create avatars and usernames and talk at each other, for the most part. The challenge is that you often don't really know who FXPrincess or N00b2Forex are, the conversation is often very one-way and it's not helping me grow my network of real Forex people. This brings me back to my question.

If chat rooms, message boards, and forums appear to be relics of the early web, why hasn't Forex evolved with the rise of social media and social networks? If you're out there, Forex social networks, please raise your hands.

======

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.

-------

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.

2 Comments

Well I guess the Currensee marketing department is up to their old tricks again. Naughty must be in their genes. I took the team to task on our last, shall we say, “provocative” ending for our video Currensee.com: Forex Trading and asked the team to develop an ending that was more in line with the serious financial research and analysis bent of our Currensee community. Please let me know if you think we got this one right. http://www.currensee.com/itsabeautifulthing/

======

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.

-------

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.

2 Comments

Part of our mission here at Currensee is to provide Forex traders the ability to participate in our platform experience, regardless of which broker they are using. On average, we spend about 20% of our engineering time on accommodating all the brokers and their proprietary APIs in order to give traders the ability to join right away. Supporting the various brokers out in the land of Forex has proven to be a challenging task even though the majority of the brokers see great value in what we do and provide tremendous help in achieving this goal.

Until now.

One broker we haven't been able to partner with is Oanda. They do have an API which can be used by us to connect their traders to Currensee but they are unwilling to help us get it going after numerous attempts to contact them. When we finally did receive an automated message of some sort, they said that we are welcome to use the API but that the traders from Oanda that use the API will have to pay $600 to Oanda for this privilege. Are you serious?

One of these FX brokers is not like the others...

Now, here at Currensee, we are providing a free service to traders. It seems odd to us that a broker would force its trader to pay for API usage and it’s certainly unacceptable by us to require this from our traders. We are also surprised because we thought that Oanda supported the idea of trader communities and networks and figured they'd be among the first to see the advantages of our Forex trading social network.

So, here's the bottom line. If you are trading with Oanda and want to use Currensee you have two options. The first is to switch to a Currensee-friendly broker - we support a variety of brokers who are reliable and regulated including Alpari, dbFX, Forex.com, FXCM, FXDD, FX Solutions, IBfx, MB Trading, odl, PFG Best and TradeView Forex (see the full list of Currensee's US and international supported brokers here). The second option is to write an email to Oanda and tell them that you want to use Currensee as it's intended to be - free of charge to the broker. Either way, we hope to see all of you Oanda traders on Currensee soon.

======

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.

-------

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

What an amazing day yesterday. The Currensee Team was ready as the Expo doors opened promptly at 9am and eager Forex traders streamed in. We were strategically placed on the corner near the big guys, Think or Swim and GFT, and en route to the coffee and bagels. As traders walked by they paused to look up and you could see the look on their face. What's Currensee? I think I probably gave the pitch at least fifty times yesterday.

We're Currensee, a Forex trading social network. We connect Forex traders from around the world with each other using collaborative tools and the power of real-time positions and trades....

The good news? The response was overwhelmingly positive. We knew Forex traders wanted something like Currensee but we had no idea how much. The same goes for the brokers, analysts and educational partners we met yesterday, like Kathy Lien and Boris Schlossberg saying things like "Wow, this is amazing. You guys are miles ahead." People are really excited to partner and bring a collective offering to their customers. So, to sum it up, we had a great day.

Currensee co-founder Asaf Yigal demos for Boris Schlossberg and Kathy Lien of BK Forex Advisors

Currensee co-founder Asaf Yigal demos for Boris Schlossberg and Kathy Lien of GFT

Today brings more excitement and buzz mostly in form of the Trade Together twins. Kristen and Cory arrive at booth #302 at 11am and will choose the lucky winner in our Win $1,000 Sweepstakes at high noon. We also have more meetings set up with folks like Wayne McDonell from FX Bootcamp, IBFX, Chris Lori from Seaview Capital and Ed Ponsi from FX Educator. We wrap up at 4:30 at which time the non-union labor at the Currensee trading social network will tear-down the booth, pack it up and head to the airport for the red-eye back to Beantown.

Off to prep for the doors to open. I'll be live tweeting again today from the show at @currensee.

======

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.

-------

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.