Currensee Debuts First Real-Time Trader Leaderboard for Forex Industry

New feature ranks most successful Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders in the Currensee trading social network

Boston, MA – April 14, 2010 – Currensee, the first Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term social network that connects traders from around the world based on real-time trades, today debuted the Forex industry’s first Trader Leaderboard that ranks top Forex traders based on both historical and real-time performance along with a proprietary performance authority and risk index. The new Leaderboard feature is available to all Currensee members, adding an unprecedented level of transparency through access to real-time performance data of the most successful traders in the network.

“Launching the Trader Leaderboard is an exciting step for the Forex community and for Currensee, as we continue to bring trust and transparency to Forex trading,” said Currensee CEO Dave Lemont. “Many people in our industry make claims about their performance, which are unrealistic and unsubstantiated. Our leaderboard changes all of that. Now, the top traders both in performance and risk are clearly highlighted for all our members to see.”

Lemont also sees the Trader Leaderboard as an important milestone as Currensee builds its Trade Leaders™ investment program, which will launch this summer. He says, “Our goal is to give our members the ability to learn from the top traders in the network by putting the most accurate, real-time information right at their fingertips.”

The Trader Leaderboard ranking system will be a key element of the Currensee Trade Leaders investment program, which will be launching later this year. The Leaderboard shows annual returns, historical and real-time performance along with risk scores for the top traders in the network. Traders are ranked against the Currensee Trader Authority Index™ (TAI), a proprietary algorithm that combines performance, risk and experience into a single index. The Leaderboard also contains a variety of filters and levers for traders to define the types of traders they are looking to connect with, along with ranges of risk, return and experience.

In the coming months, Currensee will be announcing additional details on how traders can invest in the top traders in the Currensee social network through the Trade Leader program. In the meantime, the company is recruiting successful traders to be Trade Leaders. As Currensee Trade Leaders, experienced Forex traders can be compensated for successful trading without the tedious effort of recruiting customers, managing money and reporting results. The call for Trade Leaders was announced in January of this year and successful Forex traders are encouraged to submit for consideration at www.currensee.com/tradeleaders.

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 see each other’s actual trades and share trading strategies in real-time to make more informed trade decisions. Currensee traders from over 70 countries have become members of the trading social network and linked their live brokerage accounts with one of the 100+ brokers supported by the platform. The unique Currensee Market Watch Social Indicators™ aggregate the wisdom of the network and deliver social trade data and a new way to look at the market. Currensee is funded by North Bridge Venture Partners and Egan Managed Capital and is a member of the National Futures Association. For more information, visit us at https://www.currensee.com. Follow us on Facebook and Twitter.

Media Inquiries:

Jenna Brown

Phone: (781) 791-4558

E-mail: currensee at inkhouse dot net