Anyone heard of currensee.com?

[davidmaria1]

I love conspiracy theories. Bear with me.
Think about it, most, if not all of the brokers they partner with, use MT4.
This company has individual position access ability.
A broker spikes a price (in theory) to hit stops on their own customers. A Currensee customer gets his stop hit. When this happens, everyone who was stopped-out, rushes to look at other price feeds, also partners of Currensee.
If I were FXCM or Alpari etc., what would it be worth, to me, to see other brokers' open risk?
Looking at the Currensee site,they seem a little miffed that Oanda won't work with them. Makes me like my silly Java charts just a little more

 

[cabletrader]

Quote from davidmaria1:


If I were FXCM or Alpari etc., what would it be worth, to me, to see other brokers' open risk?

How would you exploit that info though, and why?

Most brokers (bucketshops) have a risk threshold above which they hedge exposure, they learned a lesson after that Aug 2004 NFP!

It's interesting Oanda wouldn't join though.....

 

[TradeViper]

Quote from peilthetraveler:

It looks like a great site that i would like to join, but I'm seriously reluctant to give them my forex username & password which they require for you to join. They say they use it to check your real time positions and trades and account balances, but seems a bit scary to give that info out. Anyone use them or trust them?

Peil, rather than ragging on you, please use the wisdom that is already available to you. So before you sign up, apply the following

Matt 10:16
1 John 5:19
Prov 23:4,5
Eccl 7:12

The Ever Trying To Help The Inexperianced Ones VIPER

 

[peilthetraveler]

hmm...maybe i will just open a demoaccount somewhere and use that username & password. Maybe that will work then. let them try to steal my fake money. Although they are registered with the NFA...but then again, that doesnt mean they wouldnt take control of everyones account and make orders to move the market or something crazy like that. Back when i had my real estate license, I saw an escrow company in business for a few years have 1 month where they were supposed to close 12 million dollars worth of property and the company just up and took the money and ran.

 

[TradeViper]

It would just scare the livin out of me to give access to people I don't know.



The Ever Livin VIPER

 

[JDL]

FU.

 

[jorgez]

Quote from peilthetraveler:

hmm...maybe i will just open a demoaccount somewhere and use that username & password. Maybe that will work then. let them try to steal my fake money. Although they are registered with the NFA...but then again, that doesnt mean they wouldnt take control of everyones account and make orders to move the market or something crazy like that. Back when i had my real estate license, I saw an escrow company in business for a few years have 1 month where they were supposed to close 12 million dollars worth of property and the company just up and took the money and ran.

What are you hoping to achieve

 

[speres]

Quote from davidmaria1:

I love conspiracy theories. Bear with me.
Think about it, most, if not all of the brokers they partner with, use MT4.
This company has individual position access ability.
A broker spikes a price (in theory) to hit stops on their own customers. A Currensee customer gets his stop hit. When this happens, everyone who was stopped-out, rushes to look at other price feeds, also partners of Currensee.
If I were FXCM or Alpari etc., what would it be worth, to me, to see other brokers' open risk?
Looking at the Currensee site,they seem a little miffed that Oanda won't work with them. Makes me like my silly Java charts just a little more

well that just says it all, they want people who use mt4..........

 

[cfets]

any update about currensee ? i saw oanda linked with them , but the safety issue is still a big concern in my view

 

[lasner]

First of all I would never give out my username and password....why do they even need this. You do need to security questions to access your account it's not just username and password.

Second of all I'm sure most of the traders on there don't know what they are doing and are losing money.