I have a question for you guys. I have always valued your opinions in all things Forex as I think you people represent a diverse and good group of traders.
One of the places that I do analysis for has suggested that I perhaps I should do a signal service of my own. This was predicated on some reviews that I have been doing for them on signal services lately. Needless to say, most of them are unimpressive at best. I t seems that in order to seem as a good value for the money, signal providers feel the need to push a lot of unnecessary signals out, and the risk to reward ratios they use are horrible. The last one I reviewed had an average of risking 120 pips to gain 15. The idea is to have a lot of quick winners to make the traders feel like the service is giving them value I suppose.
Anyway, the site is fairly well traveled, and is willing to promote me. I know that sending out SMS is cheap these days, and you can even send them out globally now. There really wouldn't be much to setting it up I suppose, and there are about 100 different ways I could do this I suppose. I could even offer a couple of different types of trading as well, so I suppose I could even have a couple of different "programs" to offer.
On the other hand, I hate recommending a trade that fails.
I don't know, any thoughts? By the way......speaking of trading ideas, I am very interested in the AUD/USD at the moment. A bit of support right about here would be nice.
One of the places that I do analysis for has suggested that I perhaps I should do a signal service of my own. This was predicated on some reviews that I have been doing for them on signal services lately. Needless to say, most of them are unimpressive at best. I t seems that in order to seem as a good value for the money, signal providers feel the need to push a lot of unnecessary signals out, and the risk to reward ratios they use are horrible. The last one I reviewed had an average of risking 120 pips to gain 15. The idea is to have a lot of quick winners to make the traders feel like the service is giving them value I suppose.
Anyway, the site is fairly well traveled, and is willing to promote me. I know that sending out SMS is cheap these days, and you can even send them out globally now. There really wouldn't be much to setting it up I suppose, and there are about 100 different ways I could do this I suppose. I could even offer a couple of different types of trading as well, so I suppose I could even have a couple of different "programs" to offer.
On the other hand, I hate recommending a trade that fails.
I don't know, any thoughts? By the way......speaking of trading ideas, I am very interested in the AUD/USD at the moment. A bit of support right about here would be nice.