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By Donia O'Loughlin | Published Oct 29, 2010

Forex social network launches for private investors

The social network for foreign exchange traders said the program would allow private investors to follow and automatically execute the trades of foreign exchange traders.

Currensee has partnered with online trading broker, AvaFX, for the launch, providing Forex traders and investors of all types the opportunity to open an AvaFX account and join the program.

The trade leaders investment program claimed to be the first foreign exchange trade automation service that allows investors to enter the forex market by following and

automatically executing the trades of top-performing foreign exchange traders called trade leaders.

Investors create their trade leaders portfolios to maintain full control over their investments.

Dave Lemont, chief executive of Currensee, said: "Trade leaders have a way to create a business doing what they do best – trading – without having to worry about administration, paperwork and finding new clients.

"For traders and investors of every kind, the trade leaders program offers the opportunity to invest in the foreign exchange market.

"We’re also enabling investors who may not have any experience in forex but are looking to diversify their investment approach the opportunity to take advantage of the dynamic growth in foreign exchange."

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