Regina, Canada (PressExposure) January 30, 2012 -- Forex - it's the market that everybody wants a part of. You must be thinking about joining in on the fun yourself if you're here reading this. But there are other ways to make money trading on Forex besides just making money trading on Forex, if you catch my drift. Why not sell your trading signals too? And a great way to do that is to actually sell real-time trading signals through an account copier.
WHAT IS AN ACCOUNT COPIER?
Forex account copiers allow you to copy your trades to the accounts of as many people as you'd like. You can sell these signals for a percentage of the profit that other people make by using them.
HOW DOES IT WORK?
A Metatrader 4 or MT4 account copier creates a "master" terminal and one or several "slave" terminals to control trades on many machines. It then runs an expert advisor on the master terminal, logging and copying your trades, then sending a signal to a different expert advisor on the slave terminals, which processes those signals and makes the same trades for those accounts. The internet allows these signals to be sent with almost zero delay, so that the trades are completed at virtually the same time.
HOW DOES THIS BENEFIT YOU?
The opportunity to exponentially increase your profits is huge. If your trading strategy works, people will buy your signals. Since you can sell those signals for a percentage of the money that your clients are making with them, the risk to you is nil, and the risk to them is minimal since they're not paying out of pocket. And the risk to their deposit is negligible, since they won't invest with you in the first place until you prove your strategy works.
HOW DO YOU PROVE YOUR SIGNALS WORK?
As soon as you set up your Forex account, be sure to register it with a reputable third-party monitoring site. Your potential clients will be able to see how well your strategy has worked. Providing investor access to your actual Forex account is another good way to show off your strategy. This way they can log in to your account with your broker. They won't be able to change anything, but they will be able to look over all of your trading history and check out your charts and graphs to see how well your strategy works.
WHAT ABOUT COPYING ROBOT TRADES?
Copying manual trades isn't all you can do. If you have a great trading robot, use it along with the copier to really make money for your investors. This way you can start a fully automated business that you don't even have to monitor too closely, and make a killing.
ACCOUNT COPIERS ONLINE
Start by checking out forums on Forex sites. They're everywhere, and they're chock full of opinionated traders who can tell you about the good, the bad and the ugly of different account copiers. Now get out there, do some research, and start selling signals!