Social FX trading grows, brings more transparency to retail market
Social network mechanisms might help retail foreign exchange traders to replicate trade patterns and maximise the profits they achieve from trading activity, according to trading social network Currensee.
Currensee reported a steady increase in demand from investment companies for the ‘trade leaders' programme, a service launched in October 2010 that allows investors to automatically copy the trading pattern of selected traders. The network, which has more than 8,000 members, said the number of
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