Forex trading is getting more and more popular among retail
traders. Every day we see advertising on television and online. The
truth is that Forex trading is not an easy task to do is very obvious
for those who have been trading currencies for at least few months.
Everyone will agree that it is hard to fight against the huge Foreign
Exchange market. And it is even more harder to earn money in Forex
trading in the long run. That is why 95% of the Forex traders are
struggling to find that "holy grail" trading system, Forex robot or
Forex signal service that earns money in the long run. If you happen to
have profitable trading experience you can sell it to people. Having
your own customers will give you much more revenue that you could
imagine. A small Forex signal website business with only 10 customers
paying a small $100 USD monthly fee would generate you $1000 USD profit
each month. Get yourself 100 customers and you have $10,000 USD income
every month. Yes, it is that simple. You can set monthly, weekly or even
daily recurring payments.
Although it is not hard to start your
own Forex signal business, you will still need to do some work and have
some money. First what you will need is special software that can send
Forex trades to your customers. Luckily there are several ready-to-use
software available online and you can purchase unlimited license
anytime. Now be wise and careful when you choose software for your Forex
trade delivery. Such software should come with the control panel
website where you and your customers can login to manage their profile
info and trading settings. Usually customer side software is locked to a
single account so your signals will be protected. Customer will be able
to use software and receive trading signals only to a single account.
Software usually is locked automatically on the first launch, but a
customer can easily lock it to another account if needed. But in any
case he/she can use the software only on a single account.
Trades
are delivered to customer accounts in 1 second, and that ensures that
the entry price will be the same. There will still be rare cases when
the entry or exit price is different, of course, but that is out of our
control. This happens because of different spreads, slippages, price
quotes and delays among the Forex brokers. Although best solution is to
use the same broker for master and slave accounts, the software allows
you to use any broker and is not limited to account type. Software
should work on any account including ECN, STP, Dealing Desk, 4 and 5
digit brokers. Software should automatically adapt itself to the master
or slave account it is working on.
The best thing about this is
that you can connect your Forex signal website with the payment
processor or your choice using special plugins. Most popular payment
processors supported such as PayPal, ClickBank, Plimus and Click2Sell.
These plugins will allow you to have your payments automatically handled
each and every month. This way you will not need any human intervention
to run your business. Once new customer signups on your website, he/she
will receive a welcome message with the login info and download link.
This allows to start using software and receiving new trades in minutes.
Your
master account should start sending trading signals automatically when
customers pay a subscription fee. Usually they are automatically billed
each month until the subscription is cancelled, and when they run the
client software on their account, they will start receiving Forex
signals automatically. So from there no human intervention is needed,
and when you make money, your customers make money too.
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