Currensee Raises $8M for Expansion Outside the US

Social forex site Currensee got new funding from investors. These funds will fuel expansion into the UK, Europe and Asia, development of the platform and the Trade Leaders program in which you can follow and mimic real trades of successful traders.
Raising money for start ups isn’t so common since the breakout of the financial crisis. It’s [...]

1:10 Leverage Limit? Keep Up the Fight

The debate over the CFTC 1:10 leverage proposal is hot. While some say it’s all over for the US forex industry, others think that this draconian proposal won’t be realized. I say – keep those letters coming. Here are some interesting thoughts. What do you think?
Michael Greenberg continues to bury the American forex industry. Apart from the 1:10 [...]

Forex Advertising in 2010

FXCM is due to reduce their advertising budget dramatically. This move will have an impact on the forex industry, but also in ways that aren’t expected.
FXStreet’s CEO, Fransesc Riverola, reported that FXCM will be dramatically cutting its advertising budget for 2010. In a very interesting blog post, he said that the battle will be in [...]

Extra Leverage for Forex Winners

Are you a successful forex trader? If so, you might have a chance to enlarge your profits from people that will follow your wins.
Currensee is continuing to develop and is now offering such successful traders to be followed by others and to enjoy additional income. Here’s a quote from their enrollment page:
We’ll pay you based [...]

Currensee – Trading Forex Longer – Part II

The first part of the review of Currensee included the review of the product itself. Here, in the second part, I bring questions and answers from Currensee CEO Dave Lemont. I also review some drawbacks of the product.

Drawbacks
While the idea is great and the implementation are great, I still have two remarks. First, the performance [...]

Currensee – Forex Trading 2.0 – Part I

Currensee is a promising new social service that makes forex trading more collaborative. Currensee enables forex traders to trade together, sharing real trade information in real time. This adds a lot of transparency to the forex industry which has lots of money but lots of secrets.
Beginning today, Currensee is in public beta. Anyone can [...]

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