How To Convert Your Trading Strategy Into Forex Signal Services

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 fast growing method of commercializing trading strategies.

A consistent and profitable Forex system is every trader’s desire. The Forex system could be in the form of an expert advisor, manual 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 when it is sold as signals. An interesting fact is that Forex system producers make more money from their products when they commercialize it.

Why You Should Commercialize Your Forex System?

If your system is good why sell it? This is a question 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 higher than all other 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 with the use of one Forex system or the other. Imagine a Forex system with the capacity to generate 80% win ratio or 50% monthly returns with 2% drawdown, and is sold in the Forex market with over 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 about $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 give room for critics, which would enable you to improve on your system. A newer release or version would normally fix bugs or add more functionality, which would improve trading performance.

Commercializing your Forex system would pay you for the years or months of hard work, costs, salaries for programmers, and other expenses incurred. It also provides an opportunity for an alternative source of income.

Why Do Signal Providers & Traders Prefer Signal Services?

1. Cheaper Cost:

The cost of rendering signal services is quite cheaper depending on the type of signal services solution that is used by the signal provider.

Types of Signal Services Solutions:

Trade Copier

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 other Forex systems due to the simplicity, cheaper cost, and trust on the provider. The technology involved in signal services makes it easier to reach many clients irrespective of their geographical location. Getting customers or clients is very easy through forums and social platforms. For example METAQUOTE has about 117,070 members as at 12th Sept, 2013 and they support signal services from providers to their members.

Can Your Business Benefit From Outsourcing CIO Services?

How do I know when I need CIO services?

I have listed a few items below that would warrant the need for true IT planning and expertise with a CIO.

If it is time for a technology refresh then you need CIO services. Alternatively, perhaps you are not sure if you can squeeze a few more years out of your current hardware. You should not be making large IT expenditures just because… if your hardware is getting old and is not on maintenance then it may be time to replace. Typically, a server life is around 5 years and a workstations life can vary from 2 – 5 years depending on your industry.

Planning a business software upgrade or purchasing new ERP software regardless of it is a cloud application or not. Having a CIO assist you and the software vendor in evaluating if your network infrastructure is viable for an on-premise, cloud or hosted option is a valuable asset. Moving to the cloud is not always the best option for business, and working with a non-biased resource to assist you in making the right choice for your business can be critical for such a large investment.

Business acquisition or the addition of new locations. If you do have plans to expand, it is important to reach out to a CIO as soon as possible. Planning for an acquisition requires a lot of flexibility to ensure confidentiality goals are met along with starting up the business in a secure and productive environment. A CIO can help you make plans for these sensitive situations so you the business owner can worry about all the business details and decisions, not the IT. Most companies like CIS have no problem signing a non-disclosure document to ensure your transactions are kept confidential.

Relocation or a move is a big CIO job. You need to make sure that your ISP and phone service are available in your new location not to mention cable drops installed in the right places.

Recent data loss and/or an increase in virus threats are a sign that a CIO should review your network infrastructure. These are signs of an unhealthy network and can cost your business customers and lost productivity from your labor force.

Disaster recovery plan is needed for your business. Do you really have a plan? If it is to restore from backup, I recommend you ask your IT professional to prove it will work. Having a disaster recovery plan is crucial to any business. (Keep in mind that having a back up is not all that is involved with a true disaster recovery plan.) Having a CIO to discuss your downtime business costs and plans for recovery is probably the number one use for a CIO. They can help you determine how aggressive your recovery plan should be; one hour or eight hours is an example. Then provide a plan that fits your business needs and implement. It is really not a matter of if you will have a network failure or even a natural disaster, it is really a matter of when.

ISP (Internet Service Provider) and/or Phone problems or just changing services can be challenging and costly. Choosing a bad provider or even purchasing more services than you need can cost your company money. Most ISPs require long-term contracts that are hard break. Utilizing a CIO to review these contracts and having knowledge of the vendors that are providing good services at competitive prices can save your business money and perhaps even the risk of Internet outages.