Legality Of Providing A Platform That Sells Trading Signals
If you are profitable and manage to get real account followers you will be getting paid for your signals.
Legality of providing a platform that sells trading signals. They are the individual who chooses to mimic the trading strategies of the signal provider based upon the information available to them via the platform. As simple as it sounds you register as a forex strategy provider open a demo account and start trading on it. This is a trading platform which you can install on your pc and which allows you to create and run expert advisors eas.
Now register your account as a source of trading signals and set the desired price. If you sell signals on most of the so called social trading platforms like myfxbook or mql5 market place you won t get in trouble as you act behind their legal umbrella. Automate your trading collective2 is probably the most popular service that allows you to sell signals relating to a trading strategy.
Submit your personal data in order to register as a seller. Selling knowledge about the market or trading signals systems is deemed not a threat to someones financial but selling investment product and services that holds monitary value and substantial financial risk is a completely different story. The supreme court will hear broadcasters challenge to the legality of startup aereo in a case that may determine not only the future of digital streaming of station signals but of network.
These are automated programs which can open and close trades based on pre set rules and the real time price feeds. Most copy trading networks allow selling signals from a demo account. It depends on the country you are selling your signals to the country you reside in and definitely the platform you are using to sell them.
The service provider platform the signal provider is usually an experienced trader who sends trade signals for others to copy. If you are an experienced trader with a successful strategy you can become a trading signal provider and receive a fixed monthly income from your subscribers. You are able to create profits with the aid of software which provides you with alerts and which keeps you updated on the modern developments and activities occurring in the forex market.
Another popular service is online investment management portfolio and money manager covestor. They require a platform with which to transmit these signals. Forex trading signal services are a vital tool for trading in the international market.
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