How to Start Your Own Forex Signals Website Business
Currency trading is becoming increasingly popular with retail traders. Every day we see advertising on television and online. The truth is that currency trading is not an easy task to do, it is very obvious to those who have been trading currencies for at least a few months. Everyone will agree that the huge forex market is hard to fight. And it is even more difficult to make money in the forex market in the long term. This is why 95% of Forex traders are struggling to find that “holy grail” trading system, Forex robot or Forex signal service that will make money in the long run. If you have a profitable trading experience, you can sell it to people. Having your own clients will give you a lot more income than you could ever imagine. A small Forex signals website business with only 10 clients paying a small monthly fee of $ 100 USD would generate a profit of $ 1000 USD every month. Get 100 clients and you will earn $ 10,000 USD each month. Yes, it is that simple. You can set monthly, weekly or even daily recurring payments.
Although it is not difficult to start your own Forex signals business, you will still have to work and have some money. First, what you will need is special software that can send Forex trades to your clients. Fortunately, there are several ready-to-use software available online and you can purchase an unlimited license at any time. Now be prudent and careful when choosing software for your Forex trading delivery. Such software should come with the control panel website where you and your customers can log in to manage your profile information and business settings. Usually client-side software is locked to only one account, so your signals will be protected. The client will be able to use software and receive commercial signals only in a single account. The software is usually automatically locked on the first launch, but a customer can easily lock it on another account if necessary. But in any case, he / she can use the software only on a single account.
Trades are sent to clients’ accounts within 1 second and that ensures that the entry price is the same. There will still be rare cases where the entry or exit price is different, of course, but that is beyond our control. This happens due to different spreads, slippage, price quotes, and lags between Forex brokers. Although the best solution is to use the same broker for the master and slave accounts, the software allows you to use any broker and is not limited to the type of account. The software should work on any account, including ECN, STP, Dealing Desk, 4- and 5-digit brokers. The software should automatically adapt to the master or slave account you are working on.
The best thing about this is that you can connect your Forex signals website with the payment processor or your choice using special plugins. The most popular payment processors are supported, such as PayPal, ClickBank, Plimus, and Click2Sell. These add-ons will allow you to manage your payments automatically every month. This way, you won’t need any human intervention to run your business. Once a new customer signs up on your website, they will receive a welcome message with their login information and download link. This allows you to start using software and receive new trades in minutes.
Your master account should start sending trading signals automatically when customers pay a subscription fee. They are usually billed automatically every 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.