Author Bio

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.