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:
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.