How to Start Your Own Forex Signal Website Business
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 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 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 every 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 typically 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 canceled, 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.
Article by: Rimantas Petrauskas