Tag Archives: trade following
Tradency, who was one of the first if not the first players in the forex algo trading/trade following market, is now making one of the biggest changes ever in its business model. Since inception Tradency was charging brokers volume fee …
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eToro right now is launching its new GuruFinder which is basically an enhanced searching and performance measuring capability for its OpenBook trade-copying forex social network. eToro’s OpenBook allows easy and quick trade-following where traders can monitor and eventually follow successful …
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Looks like Forex Factory is itching closer to a social forex network model. Not too long ago FF launched Trade Explorer – a trading performance analysis service and now it enhances it by releasing Trades – a new product that tells you who’s buying, who’s selling, and basically who’s doing what.
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Currensee which until now was a hub for retail forex traders looking to follow credible traders has now expanded into the institutional forex market. The move makes sense for Currensee for two reasons: first is that it still has not gained much traction in the retail forex market, the other is that Currensee has institutional investors which were probably instrumental in making this deal with HedgeCo happening. Institutional volumes are typically much higher than the retail ones and hence may be much more profitable for Currensee.
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It seems forex signal/trade following is the biggest trend now with just about everybody offering their own version of this – Currensee, Tradency, Zulutrade, FxStat, fxjunction, Collective2, eToro and dozens of other smaller services. Each of these providers has its own platform with or without social aspects, some offer signal trading, others actual traders following. Some platforms are very simple, others are advanced are professional.
Today we see AvaFX (one of the fastest growing fx brokers) partnering with ayondo- a relatively unknown/new signal following service. ayondo seems to be a German venture and has also partnered with UK based ActivTrades.
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Stats publishing is certainly the latest trend sweeping the forex world: ever since myfxbook came out many other sites started offering stats publishing. eToro, Zulutrade and Currensee are the other trade following platforms that allow stats publishing.
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Currensee, the very first forex social network, has just announced that it raised additional $4 million to fuel further expansion and product development. Currensee until today doesn’t have too many competitors in this space which allows it to take its …
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FXstat, the rapidly growing forex social network, has announced several new features, the most important of which is Tradebook – which similarly to Currensee and eToro’s networks allows traders to follow other traders mirroring their trades. Tradency and Zulutrade are two large …
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