As a forex signal provider trading the currency markets larger earnings are generally made when earnings are based upon volume's traded. This earnings model is more lucrative than the standard base rate of earnings being based upon only on a specific set monthly amount per each individual subscriber.
Lets take a look at some specific numbers with some large reputable firms allowing traders to offer their signals to their customer base.
The figures used below are those provided by the firms as at 13 February , and may change into the future but at least they will serve as a ball park figure.
AutoTrade providers earn 0. Let's check the following scenario:. If you're an experienced forex trader with a proven track record, you can offer your system to the Myfxbook enormous user base over 90, and counting! Overall number of trades executed by you, per month Number of profitable trades Example of say subscribers as example above of Myfxbook.
Summary - Which firm is best for the signal provider. It must also be remembered that the above examples will vary depending upon the popularity of the signal providers system within the respective firms ie Total volume traded as well as the signal providers actual trading statistics too.
Remember that with Myfxbook example, the amount calculated was based upon a trading system that achieved 65 profitable trades each month. While, the Signal Trader example was based upon a system having 60 profitable trades each month. It's a matter of selecting the right firm for your trading systems statistics or why not offer your signals through them all? You may want to make a same changes to each trade so your signals are unique to each firm your using?
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