In the last 3 weeks I have been discussing social media and how forex traders can use internet communities and communication tools to assist them in being profitable in their trading. In earlier posts I described how useful twitter and other platforms can be for forex trading. This week I am going to share about a new social community of forex traders called Currensee. Currensee is a forex social center that offers unique tools and functions to the forex trader. They are currently in a private beta stage gathering data from the trading community for feedback about the community. 


What is it?

Currensee is a forex trading network that provides traders with the ability to compare their trading with others.  When a trader joins Currensee they link their live forex trading accounts to the community. Then from that point on the entire community can see all of your positions and your profit or loss. Each member has trading team and what that means is you find other traders that you can connect with to share trading tips and follow each others trades as you make them.

This is useful for several reasons: 

You can find traders that are consistantly profitable and join their trading team, share tips and strategies with them.

  • You can ask questions about your strategy and even ask an expert questions before you enter trades.

  • See actual trading results so that provides transparency and accountability. If you have a so called forex expert claiming to be great and there trades don't match up you can find out the truth. (I think many so called forex experts will be staying far away from this one.) This way you will not fall for a forex scam because you can see the traders history.

  • Communication with traders helps to sharpen your skills.

  • You can insert your strategy and the results are recorded and upgraded as your trade it. So you can see how well your strategy is actually performing.

  • This platform is an automatic trading log that keeps track of everything for you, very useful at examining your trading and helping you to improve.


Social Indicators 

Since they have every member in the community linked to the account they monitor all trade positions and have indicators that show how the Currensee community is positioned at any given moment. This indicator also shows which side of the trade is profiting the community. This data can be used to improve trading  by making more informed decisions which I will discuss in a future article.


This is a screen shot of the data provided you can get the exact number of traders on the platform.


My Trading Team On Currensee

I want to personally invite you to join my trading team. We can share strategies, ask each other questions and we can work together to trade better. Come and see how I trade and my trading results, this can be a benefit to all of us.  I joined this platform because I want to be have more access to you the readers of this blog. You can communicate with me from my newsletter, twitter, email and now on Currensee. Also all of you forex trading experts out there come and join my team and teach me some things.  You can join by clicking this link.