Feb 3, 2010

Forex Crunch Tweet My Trades – Real Time Forex Poisitions on Twitter

Forex Crunch Tweet My Trades – Real Time Forex Poisitions on Twitter

Tweet My Trades – Real Time Forex Poisitions on Twitter

Posted: 03 Feb 2010 03:05 AM PST


The guys at Currensee keep on working hard and releasing new features. A new feature launched today allows users of the platform to instantly tweet the trades to the world, and get rewarded for it.

The latest feature from Currensee just requires the user to set the feature to ON. Now, each trade is that he does with his broker, in a live account, will be tweeted to the world. The followers will instantly see his position, and others can search and see the position.

Twitter is one of the most popular services in the world. One of the reasons for its popularity is its openness, which allowed the creation of many useful application around it.

There are various financial applications (web and desktop), with StockTwits being my favorite. Anyone can write there and associate his tweet with a stock or currency pair. This is fun talk. Now there’s more.

Currensee’s added value is big – Real trades on real accounts are tweeted in real time. This expands the transparency beyond the Currensee platfrom.

Apart from socializing with fellow traders, there’s another, internal, reward for using this feature. Members that will enable it will receive extra Currensee Bucks that can be used for purchasing forex premium services inside the platfrom.

Here’s the official press release:

Currensee Launches First Application to Automatically Post Real-Time Trades to Twitter

Tweet My Trades Provides Forex Trading Transparency in 140 Characters

Boston, MA – February 3, 2010 – Currensee Inc., the first Forex trading social network that connects traders from around the world based on real-time trades, today launched Tweet My Trades™, a unique integration with Twitter. The Tweet My Trades feature is the first Twitter application that enables traders to automatically tweet their actual trades and positions to Twitter in real-time.

"Twitter integration is something our traders have been asking for and we're excited to launch this innovative new feature and leverage Twitter," said Asaf Yigal, co-founder and vice president of product development at Currensee. "Tweet My Trades is different from StockTwits, TradeMonster and many of the other Twitter-based trading apps because we automatically tweet the trader's actual trades and positions. It's one thing to say the EUR/USD is going to break out or you're going long the AUD/NZD, but it's quite another to actually take the position and share that information with your followers on Twitter."

The Tweet My Trades feature is one more example of how Currensee is changing the world of Forex by bringing trust and transparency to traders across the globe. By giving traders the ability to extend their trade collaboration beyond the Currensee platform, Currensee continues to innovate social trading for Forex traders. Since Currensee is the only Forex platform that is connected in real time to over 100 Forex brokers, the moment the trader executes their order, Currensee instantly sends the tweet on the trader's behalf. Traders also earn rewards in the form of Currensee Bucks when they set-up their Tweet My Trades feature.

About Currensee:

Currensee brings trust and transparency to retail Forex trading.  The Currensee trading social network connects retail Forex traders from around the world, so they can share and collaborate on actual trading information in real-time.  The unique Currensee Social Indicators ™ aggregate the wisdom of the network and provide a new approach to Forex market analysis and trade decision-making.  Currensee supports a wide variety of Forex brokers and education partners and is a member of the National Futures Association. Currensee is funded by North Bridge Venture Partners and the company is headquartered in Boston, Massachusetts. For more information, visit us at www.currensee.com. Follow us on Facebook and Twitter.

Disclosure: I’m affiliated with Currensee.

Forex Daily Outlook – February 3rd 2010

Posted: 02 Feb 2010 02:00 PM PST


A busy day expects forex traders. This includes the “mini-NFP” in the US and critical employment numbers in New Zealand among many figures from all over the world. Let’s see what’s up for today.

British Nationwide Consumer Confidence starts the day early with an expected rise from 69 to 70 points. The Pound hasn’t really enjoyed the good figures it received up to now.

Later in Britain, Services PMI is expected to remain stable at 56.6 points. For more on the GBP/USD, read the British Pound forecast.

A day after the disappointing rate decision, Australia’s Trade Balance is expected to be negative as well, with a growing deficit. Up to now, AUD/USD remained above 0.8735, December’s low.

Many figures are released this week in Australia, For an outlook on the next events, read the AUD/USD forecast.

European Retail Sales are expected to turn positive and rise by 0.4%. Yesterday’s German retail sales were OK, and rose by 0.8%. Also in Europe, Final Services PMI is predicted to confirm the initial read of 52.3 points.

For an update technical analysis of the Euro, I recommend reading Casey Stubbs’ recent article. There’s an important rate decision and more events up the road. Check out more in the EUR/SUD forecast.

In the US, Challenger Job Cuts supply an early jobs indicator. The more important one comes from ADP. The ADP Non-Farm Employment Change is now predicted to show a loss of 31,000 jobs, much less than last month’s 84,000 loss. This is sometimes considered an indicator for the NFP, but it isn’t always so.

Later in the US, ISM Non-Manufacturing PMI is expected to turn positive and rise above 50 points, meaning expansion. This important indicator will sure boost the dollar if it rises from 49.8 to 51.1 points.

Job figures are due in New Zealand near the end of the day: Employment Change is expected to show a drop of 0.1% and the Unemployment Rate is expected to jump from6.5% to 6.8%. Note that these numbers are critical to the kiwi, as they are quarterly figures, and not monthly as in other countries. At the time of writing, NZD/USD got away from the important 0.70 line.

That’s it for today. Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
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