This article reveals the steps required to convert your trading strategies into Forex signal services, which would facilitate as an extra source of income.
Forex signal services is a system where Forex signals is sent through the signal provider’s trading account, trading platform/server, automated synchronizing systems, web, or emails to a client’s trading account or terminal. It is a quick growing method of commercializing trading strategies.
A consistent and profitable Forex system is all trader’s desire. The Forex system could be in the form of an practiced advisor, forex Signals trading strategy, news trading or semi automatic trading systems. Apart from the profits the Forex system would generate, more income could be generated from it considering it is sold as signals. An fascinating fact is that Forex system producers make more money from their products later than they commercialize it.
Why You Should Commercialize Your Forex System?
If your system is good why sell it? This is a ask most traders ask.
Forex trading has one of the highest number of participants in the world as seen in its daily revenue returns, which is well along than every supplementary financial investments (stocks, shares, e.t.c.) put together. This means that there are millions of people trading the Forex everyday, and more than 80% of them are trading in imitation of the use of one Forex system or the other. Imagine a Forex system taking into account the power to generate 80% win ratio or 50% monthly returns subsequent to 2% drawdown, and is sold in the Forex market past beyond 1 million potential buyers for $100. That would amount to $100,000,000.00 if everyone bought the product or maybe half or less than half of it, which is not quite $25,000,000.00 in some months of sales. Now imagine you were the owner of that Forex system.
Commercializing your Forex trading strategy would offer room for critics, which would enable you to tally up upon your system. A newer pardon or tab would normally repair bugs or amass more functionality, which would affix trading performance.
Commercializing your Forex system would pay you for the years or months of difficult work, costs, salaries for programmers, and supplementary expenses incurred. It also provides an opportunity for an swap source of income.
Why realize Signal Providers & Traders prefer Signal Services?
1. Cheaper Cost:
The cost of rendering signal facilities is quite cheaper depending on the type of signal services answer that is used by the signal provider.
Types of Signal services Solutions:
SMS (Mobile SMS, Web to SMS, Bulk SMS, e.t.c.)
Host Providers (e.g. METAQUOTE Community Signal Services)
Direct Emails & Websites
Social Platforms (Facebook, Twitter, Google+ Community, e.t.c.)
Instant Messenger (Skype, Mobile Messengers, Yahoo Chat, e.t.c.)
2. Wider Client Reach:
Most traders prefer Forex signal services to further Forex systems due to the simplicity, cheaper cost, and trust on the provider. The technology keen in signal services makes it easier to attain many clients irrespective of their geographical location. Getting customers or clients is categorically simple through forums and social platforms. For example METAQUOTE has roughly 117,070 members as at 12th Sept, 2013 and they withhold signal facilities from providers to their members.
3. simple Installation:
Some signal facilities reach not habit to be installed on the users trading platform especially signals sent through SMS, Web, rouse Rooms, e.t.c. Some signal services needs to be installed in the form of indicators or expert advisors, which connects to the provider’s server where the signals are sent directly to the client’s trading platform.