Software for running your white label and individual FOREX "Copy Trading" business or Trading Signal Service.
This is the first lesson of this video series about Signal Magician, an all-in-one software that you need in order to become an independent signal provider and to start your own signal service.
Now let me tell you why becoming an independent signal provider is a much better choice than simply offering your signals on some 3rd party social trading networks.
When you are an independent signal provider and run a legit business, no one will shut you down. But if you are providing trading signals on 3rd party social networks, even the ones that are known very well, your account might get deleted without any explanation or the whole service might be shutdown. Yes, I know this is rare, but we already have lots of examples. For example Currensee social trading network was shut down at the end of October in 2014. Earlier in 2014 Alpari turned off TraderConnect and IBFX shut down its third-party provided Connect network.
What would happen to your signal service if you were on one of these platforms?
I know you think that MQL5 Market, Zulutrade and Myfxbook will continue to work no matter what, because they seem to be the biggest social trading networks. Yes, this might be true and all of them are really good platforms. However, among hundreds and thousands of other signal providers on those networks do you think it is easy to get on top and be noticed?
You see, the problem is that people get lost in this illusion thinking that because signal networks have thousands of customers and visitors, it will be easy for them to get subscribers.
Well, to sad truth is that usually only 1% of Signal Providers have 20 or more subscribers and when there are thousands of providers no one will notice you at all. This mean you won't get subscribers at all.
But when you become an independent provider you do not use any of those networks but have your own platform and you promote yourself. You promote only your own business.
Also, when you are an independent signal provider and have your website you will also be visible on Google and other search engines. This rarely happens when you provide signals on 3rd party networks. And when people come to your website there will be only your trading signals. There won’t be another 2000 signal providers and visitors will get to choose you.
And the most important thing is, when you have your own website you are the boss. You can have your customer’s email address when they sign up for your service, you can reach them anytime to announce your other product or new signal service you might launch in the future, or just simply email them some news about the products your customers already have from you. You can email them about your trading plans for next week or maybe some comments about trades from last week. When you have emails of your customers you can reach them anytime.
When you are on a 3rd party network you don't have customers. Yes, you don’t. You might have followers, but the minute your account is closed or you decide to move to another platform you have no way to reach your followers and let them know about this. You just simply lose all of them and this means you would need to start over from the very beginning.
When you have an email list of your customers you can contact them anytime. That’s why all of the best marketers have huge email lists. This is how you grow your business and reach to the top.
So those are simple things that makes independent signal service a better choice.
Video created by Rimantas Petrauskas
More about me and my products at www.rimantaspetrauskas.com