Currensee reports a doubling in applications to the Trade Leaders program from Forex money managers
BOSTON, March 31, 2011 – Currensee, (www.currensee.com), the alternative investment service that gives investors unique access to the world currency markets, is proving popular with growing money managers eager to find new retail investors. Currensee has seen the proportion of applications from Forex money managers to the Trade Leaders™ Investment Program double since January 2011. The program allows retail investors to automatically replicate the trades of some of the most successful traders in the world, called Currensee Trade Leaders.
Trade Leaders receive 15 percent of the monthly profits they generate for the investors that have chosen to automatically follow their trades. More than $3 billion has been traded through the program since its launch in October 2010. The program is available worldwide and has investors from more than 50 countries, giving money managers the ability to grow their businesses globally without the headache of marketing, operations and reporting.
“We’re impressed at how quickly investment companies and professional money managers have applied to become Trade Leaders in order to access new markets,” said Dave Lemont, CEO of Currensee. “It shows that many companies are keen to try out new ideas that might give them the edge in attracting global investors and new assets without additional sales or operating expense or effort.”
Of the 14 Trade Leaders selected by Currensee after extensive checks and analysis, 11 are money managers, including three recently added Trade Leaders – Gabor FX, a Hungarian trading group, Trader Tradingsystema, a Swiss investment company, and Joiny FX, a Chinese money management firm.
Joiny FX has been trading Forex for six years. They run a private investment fund and manage an international client base, with most trading volume happening in the early European session. JoinyFX’s Trade Leader profile and performance history are at http://app.currensee.com/forexpert/forex-trading/profile/JOJAR.C.
“It’s an honor to qualify and join this elite group of trading experts who can share their expertise and professionalism with investors who are turning to Forex investing as an alternative asset class,” said Joiny Jiang, principal at Joiny FX. “The Forex market is uncertain enough with investors not knowing how to distinguish good from bad investments, but Currensee is bringing trust and transparency to the space, enabling both traders and investors to self-direct their investments based on real, verifiable data.”
Gabor FX is a Hungarian professional trading group that primarily trades the EURUSD, GBPUSD and USDCHF, using technical analysis and the well-known Turtle Trading System. One of Gabor FX’s accounts is a position trading account with an average duration of 25 hours and consists of 10 trading strategies that are monitored 24 hours a day. The other Gabor FX B account focuses on special situations and longer trade durations. Gabor’s profile and history are at http://app.currensee.com/forexpert/forex-trading/profile/GAFLL.B and http://app.currensee.com/forexpert/forex-trading/profile/GAFLL.C.
Trader Tradingsystema is a Switzerland-based money manager that has been successfully navigating Forex for six years. The firm focuses on short-term targets in the EURUSD, with average trade duration of four hours. Trader Tradingsystema runs a closely supervised automated system that firmly manages risk. Their profile and history are available at http://app.currensee.com/forexpert/forex-trading/profile/ANBZN.A.
Currensee is accepting applications for Trade Leaders from up and coming money managers at www.currensee.com/tradeleaders.
Currensee is the alternative investment service that puts the power of world currency markets in the hands of every investor. With the Currensee Trade Leaders™ Investment Program, investors build their own automated trading portfolios of Trade Leaders, top foreign currency traders hand picked from the thousands of members of the Currensee social network. The program offers investors an alternative to traditional asset classes and Trade Leader performance is completely uncorrelated to the stock market. Currensee delivers complete account control to investors, who can see every trade in real time, manage and modify investment allocations with one click and benefit from the safety and security of proprietary online investing technology. Currensee is funded by North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital and is a member of the National Futures Association (NFA) and registered by the Financial Services Authority (FSA). For more information, visit us at www.currensee.com. Find us on Facebook, follow us on Twitter, and watch us on YouTube.
Please note that over the counter retail foreign currency (Forex) trading may involve significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading, and seek independent advice if necessary. Performance, strategies and charts shown are not necessarily predictive of any particular result. 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.