Many of you will be familiar with this type of program and I have been working with our friends at FXDD over the last few months in getting such a program off the ground here at ForexLive. This is an automated program where investors sign up to automatically follow trade leaders, and the investor chooses the amount which they want to follow with. The necessary software is all now available, and there are many other similar programs in the marketplace, but the question is whether or not we can find any really good trade leaders? We are not looking for followers at this stage, we first need to see if we can find the necessary talented trade leaders.
Many of you know me already with my other hat on, www.fxww.com, and I’ll contact those who’ve registered before to gauge interest. If you think you have what it takes to give good trading strategies to others, then please go and register at the site.
What I will say in advance, is that this will not suit every trader. Position builders like myself are not necessarily suitable. It will suit trade-pickers who have a set strategy and a set risk-performance profile. If we can find some suitable traders, FXDD have promised to put their full marketing might behind them.
