A Question...

Hello all,

Is there a site similar to Covestor that will allow Fx trades?

I signed up to the site only to be told that it was stocks only!

I like the idea of Covestor totting up your performance.

Kind Regards,

Yea I was wondering the same thing. Covestor is a great idea, but they need to add forex. I haven't been able to find anything similar for forex.

There is a group out of Boston that's putting together something that's akin to Covester. It's not up yet, though. Here's the site: Currensee

Captain Currency said:

Hello all,

Is there a site similar to Covestor that will allow Fx trades?

I signed up to the site only to be told that it was stocks only!

I like the idea of Covestor totting up your performance.

Kind Regards,

Click to expand...

These days we have a couple of options'

Currensee
Etoro
Zulu
zignals
collective2

Best of luck though, results are pretty his and miss. Personally I found Covestor more useful

Captain Currency said:

Hello all,

Is there a site similar to Covestor that will allow Fx trades?

I signed up to the site only to be told that it was stocks only!

I like the idea of Covestor totting up your performance.

Kind Regards,

Click to expand...

Had a look at covester and currensee recommended by Rhody Trader just out of interest. I appreciate you're looking at it with a view to having them rate/promote you rather than hand them your money to invest, but even their top traders are having a tough time. One of Currensee's top trader "Joiny Jang" has lost what appears to be about half his client account value this year. How this could happen when they state drawdowns are limited to 15% is beyond me. Perhaps 15% per day!

For a standard 2/20 setup this is obviously a poor man's hedge fund and where the rich man's hedge funds have been under-performing and failing at an unprecedented rate it's not surprising the money people are coming after the retail market.

Cap..........I understand your interest in these evolving sites .....they have a lot of potential but sadly nothing is of use to me yet as either a customer or a provider or services

someone will get the business model right soon though so be patient ....

whether the general trading community then chose to believe the performance figures delivered by long term sucessful traders is another matter !!

N

NVP said:

Cap..........I understand your interest in these evolving sites .....they have a lot of potential but sadly nothing is of use to me yet as either a customer or a provider or services

Click to expand...

someone will get the business model right soon though so be patient ....

whether the general trading community then chose to believe the performance figures delivered by long term sucessful traders is another matter.........the frothy traders on them at the moment is sadly misleading.....

N