Launches Industry’s First Forex Trade Automation Service Enabling Investors to Follow and Execute Trades of Top Currensee Traders
BOSTON, Oct. 29, 2010 – Currensee Inc., (www.currensee.com), the new way to
invest in world currency markets, today globally debuted The Currensee Trade
Leaders™ Investment Program, the first Forex trade automation service that
enables investors to follow and automatically execute the trades of some of the
most successful traders from the Currensee social network. This new service
enables investors of all kinds, in any asset class and on every continent, to
take advantage of the dynamic foreign currency market.
The growth of the foreign exchange (Forex) market is explosive with an average
daily turnover estimated at $3.98 trillion and 20 percent growth from 2007 to
2010. The Trade Leaders Investment Program gives investors the ability to build
an automated portfolio of top performing traders called Trade Leaders. These
Trade Leaders are carefully selected from the more than 7,000-member Currensee
Forex trading social network, which trades approximately $50 billion in volume
per year. Trade Leaders are carefully screened for historical performance, risk
management and returns versus the S&P500. Investors select and follow the Trade
Leaders they want to invest in, add them to their portfolio and Currensee
automatically executes the Trade Leaders’ trades in the investor’s account.
Investors access robust trade and performance metrics in real time and always
maintain full control over their account.
“The Trade Leaders Investment Program is a win-win for traders and investors.
Trade Leaders have a way to create a business doing what they do best –
trading – without having to worry about administration, paperwork and finding
new clients,” said Dave Lemont, CEO of Currensee. “For investors of every
kind all over the world, the Trade Leaders program offers the opportunity to
invest in the foreign exchange market. Investors in the program are typically
looking for investments that are not correlated with the stock market and that
give them the opportunity to take advantage of the dynamic growth in foreign
exchange. We combine that opportunity with the trust, transparency and control
of real performance, real-time metrics and full security and account control.
The success of our investors is our top priority.”
Trade Leaders are ranked by their Currensee Trader Authority Index™ (TAI)
score, a proprietary algorithm that combines performance, risk and experience
into a single index. TAI is displayed on the Currensee Trader Leaderboard and on
every Trade Leader’s profile. Currensee assesses each Trade Leader’s risk
management strategy, background and ability to perform for investors prior to
accepting a Trade Leader into the program. Once in the program, every Trade
Leader’s performance and trading is reviewed on a daily basis to ensure the
leader continues to achieve performance and risk targets. Trade Leaders are
compensated only on successful trading for investors and are able to create a
revenue stream from trading without changing their existing businesses.
“The program has helped me broaden my overall investing strategy,” said Alex
Neihaus, an early investor in the program. “In today’s markets, individual
investors like me have to expand our investment strategies to have any hope of
increasing gains. Before Trade Leaders, foreign exchange was out of my reach due
to my lack of knowledge, experience and time. But with Trade Leaders, I don’t
have to be a Forex expert and can still benefit by investing in top traders from
the Currensee social network.”
For more information about the Trade Leaders Investment Program and to start
investing, please visit www.currensee.com.
About Currensee
Currensee.com puts the power of investing in world currency markets in the hands
of every investor. With the Currensee Trade Leaders™ Investment Program,
investors follow and automatically execute the trades of top Currensee traders
called Trade Leaders. Currensee Trade Leaders are handpicked from the thousands
of members of the Currensee Forex trading social network and carefully screened
for historical performance, risk management and returns versus the S&P500. By
investing in Trade Leaders, investors build their own personal automated Trade
Leaders portfolios and have complete control over their investments at all
times. Currensee strives to deliver profitability, transparency and control to
investors around the world. 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. It’s time to invest
in the success of top currency traders.
Media Contact:
Beth Monaghan
[email protected]
(781) 791-4552
