Monday, September 10, 2007

Napstex is to Forex Traders what the CB is to Rednecks

I remember back when I was a kid, how excited I was to get my first CB radio. My handle was "Snake Eyes." I remember how much fun I had pretending like I was a girl (which isn't hard when you're a prepubescent boy) flirting with the truck drivers on the nearby interstate. And for some reason to me, that was a party. Way more fun than, I don't know, hanging out with actual friends or flirting with actual girls.

Now here I am, hardly the squeaky voiced little kid I used to be, and I almost never flirt with truckers anymore. But I still have this fascination with being able to communicate with a variety of people from all different places. And that is one of the things that motivated me to write Napstex. I wanted to be able to see what lots of different traders were doing at any given moment from all across the world. I have to admit, my primary purpose for creating Napstex was selfishness: I wanted to become a better trader.

Don't take it the wrong way, I wish you the best too. It's not like I want you to fail. I just don't care if you succeed as much as I care if I succeed. But in the same way that Napstex can make me succeed in the Forex market, it can also help you succeed. You can see what I'm doing, I can see what you're doing, we can both see what everybody else is doing. I'm telling you, this could be big. Like, Napster big.

Wednesday, September 5, 2007

Introducing your new favorite Forex tool: Napstex

The day started much like any other day. I was doing my normal trading business in my office, reading through news sites and blogs. That's when it hit me: Why do I need to go to 6 different websites to find out what 6 different traders are doing? Why can't I go to one spot, see the current open trades of a whole bunch of traders and then chat with those traders directly? Why are we harnessing the power of the internet for trading but not harnessing the power of the internet to facilitate communication between traders? This is just silly! So my search began, I scoured the internet for some such tool or website that would streamline communication between Forex traders - but none was found.

And that's how Napstex was born.

By trade I am a Software Developer, by passion I am a trader. I was finally given an opportunity to merge my passion with my profession. Development began almost immediately. First I would need a strong database design, then a layer of web services for the distributed application to communicate with, and finallyI would need to create a Windows application for individual traders to enter their trades. And the rest is history...

Many changes have been made to Napstex since it's original release. We added MetaTrader integration (so users wouldn't have to enter their trades twice), fully integrated IRC chat, as well as channels to help like-minded traders trade together. To view the Napstex window at any time you can just double click the icon in your system tray, take a glance at what other traders are doing, close it back to your system tray and go on with your day. That's the beauty of it - it's really easy to use, but very powerful.

Napstex is available on the website, http://www.Napstex.com. Give it a try, and let me know what you think.