Hey Edward Lance lorilla
Most Forex traders do not realize that they can earn extra income with just a demo (or real) account by selling their trading signals to others on a monthly subscription plan.
To explain it in a simple way, you copy your trades to follower accounts anywhere in the world for a fixed monthly subscription fee.
This email is quite long, but I have a lot to tell you if you are interested to earn money from your own Forex signal service.
Here's an example for you:
Selling your trading signals to 100 subscribers paying $50/month would generate you $5,000 every month.
If you get a new subscriber every day, it means you will reach 100 subscribers in less than four months. And I guess you already know several people who would join to copy your signals today.
Copy Trading Signals average monthly price on the Internet these days is around $100/month, but for this example, I use a much lower price of $50/month to illustrate a tremendous profit potential. But I am sure you understand you could be making much more.
Based on this example, 100x clients paying $50 every month would bring you passive monthly income of $5,000. And with small monthly server expenses (approx. $500 to serve 100 clients) you get a very high-profit margin.
I know you might say "Why should I sell signals when I could trade my account using my profitable strategy?"
Well, let me tell you something.
Try generating this amount of profits trading Forex on a demo account or a small real account. Sounds hard, right?
Even if you are trading on a $10,000 account generating 10% returns monthly, it will take you almost half a year to earn the same $5,000.
But if you are capable of making such profits from trading alone, then accept my congratulations. Maybe signal business is not for you then. But there are other reasons for selling your signals too.
Long-term trading strategy generating 5% per month is considered highly profitable, but let's say you manage to make 10% every month.
If you have a trading account of $45,000 then generating 10% would give you the same returns of $4,500 a month.
But there are two problems with this. - What would happen if you don't generate any profits for two months in a row? Well, you would not have any profit these months. But if you had a trading signal business running on the side, you would still generate passive income. It's like your "Trading Plan B."
- What if you do not have such capital for trading, but only trade small account or even just a demo account. Even if your strategy is working on a demo account, you could sell those trading signals and make a passive income.
You understand the potential here for extra income now, don't you?
But before you start selling your trading signals I want to give you some advice so you can become a Forex signal provider everyone wants to follow.
Most of the signal providers do not have customers at all, and their signal service goes broke. But I don’t want you to be one of them, so let me help you there.
The first thing you need to avoid is selling trading signals on social trading networks because there are thousands of signal providers and it gets more and more difficult to get noticed. Clients (Followers) always get lost and overwhelmed because of too many choices.
For example, I did a research recently and discovered that one of the biggest social copy trading platforms offer more than 4,000 trading signals with automatic execution on MT4 account, but only 40 of them have at least 20 followers or more.
Only 1% of all signal providers who are making some money while the rest gets only breadcrumbs. In fact, 3,800+ providers had zero subscribers, which means around 95% does not make any money at all!
What chance do you think you have to be noticed and get subscribers among those 4,000+ providers?
The only way to stand out from the crowd and be a different signal provider these days is to become an independent signal provider and sell your trading signals from your own website. This way you have a much bigger chance of success.
When you run an independent signal service and have your copy trading platform, you would invite potential customers to your website. People landing on your site would choose you because there will be no other 4,000+ providers to choose from. Even if you offer several trading strategies to copy you would still be the one who's getting paid no matter which strategy they choose.
Another important reason why you want to have your website is to get visitor’s email address when they register for a trial period of your signal service or download your free eBook or report as an example. When you have an email address of your potential customer, you can then communicate with him/her anytime later.
A terrible thing about trying to build a signal provider career on mostly any available public social trading platform is that you can never have customers there â€" you can just have followers. If your account gets shut down or you create a new trading signal, no one will know about that, and you have no way to notify your followers. It’s because they are just anonymous followers, not your customers with an email address and a name.
It is the reason why you need your website to invite people there. Marketers usually call this process "getting website traffic."
I know you might think that if you get traffic to your trading signal profile page on whatever social trading network it would solve your problems. You might think if you promote yourself on the social trading network there will be plenty of subscribers for you.
WRONG! It will not work this way. Let me ask you something.
Are you willing to spend your hard-earned money and your time to promote someone else's website?
Would you pay for advertising just to get visitors to a social trading network so that people get to see your signal page? Of course not!
Remember, that they will also get to see the rest of 4,000+ signal providers on the same platform and probably choose one of them instead.
I am sure trading networks will be happy about that as you would bring them customers, but you will not get any results for yourself. And even if you get someone to subscribe that way, you would not be able to communicate with them after they cancel subscription next month because you do not have their email and do not even know who they are.
I know I would spend money on advertising ONLY to bring visitors to my own website.
Don't make this mistake. Don't be like most of the signal providers who are doing this the wrong way.
Another good reason to have your independent copy trading platform is that you can offer services to clients with any broker company, which means more people can join. It is a big advantage for you because most public social trading networks are locked to just one or a few brokers only, which means signal providers are limited to work with clients that have an account with certain broker companies only. You don't have this problem with your independent trading signal platform.
So how do to become an independent trading signal service?
Obviously, you will need a white-label copy trading software which can deliver trading signals under your own brand.
Signal Magician is probably the only platform to offer you a 100% branded and proprietory-looking remote trade copier solution which allows you to sell trading signals directly from your website.
My goal was to create a white-label trading signal delivery platform so robust and feature-rich that nothing else on the market could touch it. It had to have these features: - Fully White Label
- Automatic execution on remote MT4 accounts around the globe
- Control position size proportions
- Work with any Forex broker with MT4
- 100% comply with MetaQuotes MT4 terms of service, so users will have zero risks of having their accounts banned or signal providers sued.
- Control web panel for easy management of user access, risk settings, etc.
- Protect your trading strategy because you don't need to send EX4 or MQ4 file of your Expert Advisor
- Use a secure connection to make it super safe
- Unlimited Clients and Signal Providers (Strategies)
- Option to choose which signal provider to follow with individual settings
- Send signals by SMS
- Send signals by email
- Integrate with MailChimp email marketing software
- Monitoring online/offline status of each Server EA & Client EA
- Integrate payment systems like PayPal, Stripe, and ClickBank
- The multi-language control panel interface available in 9 languages
| | In summary, Signal Magician is a remote trade copier on steroids and an all-in-one solution for any trader who wants to run his own, independent, automated, and branded copy trading signal service.
Having an independent trading signal service is probably the only way to be your own boss and call such business success.
It's the only way to sell signals from your own website, collect email addresses, communicate with customers or prospects, be visible on Google, build a brand, and use any broker.
It's the reason people trust your service more as it will look proprietary and professional comparing to one of several thousand signals on a public social trading platform. | | Regards,
Rimantas Petrauskas
Creator of MT4 Trade Copier
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