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Institutional Forex traders and big investments banks have been raking in big profits from the Forex (Foreign Exchange) market for decades but only until recently has the Forex market been acquirable to smaller investors and individuals.

The “retail” Forex market exploded into the mainstream a few years ago and along with it came mobs of shady Forex brokers, world wide web marketers, and imitation Forex gurus, flooding the market with hundreds of trading seminars, Forex robots (Expert Advisors) and so called automated trading systems all promising simple riches in the Forex market.

The depressing truth is that the majority of traders and trading systems change to make a single dime. In fact most traders and trading systems actually lose money. Many investors seeking to create passive income have turned to managed trading accounts. However, as you probably know, finding calibre managed trading accounts is like searching for a needle in a haystack. Currensee, a trading company with its main corporate office located in Boston, MA, licensed by the National Futures Association (NFA) and the Financial Services Authority (UK) has pioneered a Forex investment and trading model connecting investors with some of the world’s ideal Forex traders and Automated Trading Accounts. Read more

The background

Portugal, Ireland, Italy, Greece and Spain have been labeled the PIIGS of Europe for some time (Italy were added later than the initially PIGS label) as they are all in severe debt and economic difficulty. Debt in apiece of these countries had been threatening the Eurozone and in three cases now we have seen bailouts (fortunately for the Eurozone it has been the three smaller nationes – Greece, Ireland and Portugal, in that order). Now it seems that Greek debt is really threatening, their credit ratings continue to be cut (they are now the worst out of any country globally) and extremely strenuous austerity measures are imperfectness to raise the necessary funds for their expensive, short term loans. We progress that the Greek Parliament only recently survived a vote of confidence following riots from the austerity measures. As a note of just how severe these measures are, it has been reported that petrol prices in some areas of Greece has risen 60% since the begin of the year! Right, so at least we comprehend why they are rioting..

Is there any way out for Greece?

Well the second round of austerity measures that they will need to make fit in order to secure their second round bailout is likely to be even more hard hitting. Whilst their are riots already in the country your guess is as good as mine in terms of how they are going to get out of this rather precarious political situation. However, economically Greece have dug themselves such a hole that such extreme measures are their only chance to refrain defaulting on their debt. The politics aside some analysts anticipate that a Greek default is simply a formality anyway. Personally I have very strong doubts against the presence of Greece for the medium – long term in the Euro. Read more