So you want to be a forex trader? Just follow the leader

Oanda's tie-up with Boston-based Currensee enables copy trading among wannabe traders


WHO wants to be a foreign exchange (forex) trader? This is not a trick question and it seems anyone (over 21) can trade currencies now with the latest technological advance.

Oanda, a leading online forex data and trading provider, has teamed up with Boston-based Currensee to let wannabe traders replicate or copy the trades of experienced professionals or "trade leaders", said Rajesh Yohannan, Oanda Asia Pacific chief executive.

"Currensee is a social trading network," Mr Yohannan told The Business Times in a recent interview.

With Currensee, you don't have to understand forex trading, as it allows you to replicate the trades of a trade leader, he said.

Oanda acquired Currensee Global, a...

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