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Currency Investment Information Community

Published 04/21/2010 and rated Ratingstars3 3 out of 5 stars
by AppAppeal Editor
What can you use the app for?

Currensee is a social network for Forex traders. Traders can use the application to share information and network with others who have similar interests, collaborate, see trades in real time, discuss the market, and more. Each user is linked to a live brokerage account so the real-time trade information is accurate. With this tool, traders can also see and compare their win/loss percentage with other traders. Anyone who actively trades in the currency market would find this extremely interesting.

Currensee screenshot
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What is the history and popularity of the app?

The application was founded in August of 2008 by software developer Asaf Yigal and Forex trader Avi Leventhal and is led by CEO Dave Lemont.

What are the differences to other apps?

Currensee is completely transparent; traders can see exactly what others are doing, allowing insights into the market and communication with like-minded traders. This facilitates trust, as the trades are seen in real-time. There are no demo accounts, so all visible transactions are verified.

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How does the web app look and feel to use?

The dashboard shows what pairs are being traded, long and short position ratios, average buy/sell prices and more. This screen also shows how others in the Currensee network are doing, including strategies, stop loss, and profit.

In the Strategy Zone, various traders have entered strategies for others to view and monitor the success of the plans. The Community area is the social network component of Currensee, where users search for and find traders with similar interests and styles.

The application is intuitive and relatively easy to navigate. The dashboard is laid out well and the interface is well-organized.

How does the registration process work?

Members must provide first and last names, email address, password, date of birth, and website referral source. Members are then asked to answer questions that identify an individual’s trading style. This includes choosing the pairs of currencies that they most often trade, approach, technique, experience, average weekly sales, and trading session (time). Members must then provide a telephone number which is required, country, biographical information, blog link and picture, all of which are optional. Members must then choose their broker from a drop down list and enter the broker’s credentials, including username and password. Users must provide this information to join Currensee and will not be admitted to the site without it.

What does it cost to use the application?

The application is free to use. Company profit is based on their role as Introducing Broker, meaning that when they introduce a trader to a broker, they collect a fee from the broker.

Who would you recommend the application to?

People who would enjoy Currensee might include: Forex traders interested in meeting others with similar interests, perhaps in different time zones; those looking for new ways to ride trends; traders looking for ideas and information; and traders interested in networking with others and observing their trades in real-time.

  • Rewards club for members to redeem for educational materials and widgets
  • Webinars with professional traders
  • Transparent trading – see transactions in real-time
  • Community for networking with other traders
  • Chat and forum social areas available
  • Ability to compare personal strategy with others
  • Analysis of other traders’ strategies to compare with individual results

Currensee video

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