Would you pay a subscription of USD 1,000 to follow a trader? | Forex Factory

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Would you pay a subscription of USD 1,000 to follow a trader?

  • #1
  • First Post: Edited Apr 3, 2021 11:58pm Apr 2, 2021 11:05pm | Edited Apr 3, 2021 11:58pm
Doing a simple interest check here.

Question is as per topic-Would you pay a subscription of USD 1,000 to follow a trader?

Here's the assumptions/conditions:
1. The trader has provided a substantial trading history, including a TE here on FF.
2. The trader's ROI is enticing.
3. The subscription fee is for a year.

EDIT: Add-ons:
4. A live login via Zoom is done.
5. The broker used is a legit and licensed one, eg. Pepperstone, IC Markets.
  • #2
  • Apr 3, 2021 12:14am Apr 3, 2021 12:14am
Why does he want the money for the whole year at once, why not month by month?
  • #4
  • Apr 3, 2021 12:16am Apr 3, 2021 12:16am
Quoting rolandbeck
Why does he want the money for the whole year at once, why not month by month?
Because it is easier to run away with bulk of money

he dont wanna wait for the eggs but wanna cut the hen directly

Allergic to bullshitters, never argue with fools
  • #5
  • Apr 3, 2021 2:16am Apr 3, 2021 2:16am
Quoting rolandbeck
Why does he want the money for the whole year at once, why not month by month?
Maybe because he finds it a hassle to keep collecting payments every month?
  • #6
  • Apr 3, 2021 11:40am Apr 3, 2021 11:40am
Bump for more feedback/opinion.
  • #7
  • Apr 3, 2021 10:55pm Apr 3, 2021 10:55pm
Quoting kCBHk
Bump for more feedback/opinion.
are you doing a market survey to sell your signal?
Maybe free for first 6 months then I might be interested because all of the following can easily be photoshop -

1. The trader has provided a substantial trading history, including a TE here on FF.
2. The trader's ROI is enticing.
3. The subscription fee is for a year.
  • #8
  • Apr 3, 2021 11:57pm Apr 3, 2021 11:57pm
Quoting mixedbags
{quote} are you doing a market survey to sell your signal? Maybe free for first 6 months then I might be interested because all of the following can easily be photoshop - 1. The trader has provided a substantial trading history, including a TE here on FF. 2. The trader's ROI is enticing. 3. The subscription fee is for a year.
I'm not sure how a TE here can be "photoshopped". Oh, I forgot to mention the broker is a legit licensed one.

Also, what if I were to add in a LIVE login via Zoom?

PS: How much is your trading capital?
  • #9
  • Apr 4, 2021 9:21pm Apr 4, 2021 9:21pm
Here's the assumptions/conditions:
1. The trader has provided a substantial trading history, including a TE here on FF.
2. The trader's ROI is enticing.

The trader will bet his house and retired to an exclusive island.
  • #10
  • Apr 4, 2021 9:53pm Apr 4, 2021 9:53pm
Quoting mixedbags
Here's the assumptions/conditions: 1. The trader has provided a substantial trading history, including a TE here on FF. 2. The trader's ROI is enticing. The trader will bet his house and retired to an exclusive island.
I'm sorry, I don't get you.
  • #11
  • Apr 4, 2021 10:07pm Apr 4, 2021 10:07pm
Show us that trader's real trading result
  • #12
  • Apr 4, 2021 10:20pm Apr 4, 2021 10:20pm
Quoting kCBHk
{quote} I'm sorry, I don't get you.
if a trader can produce that kind of result, that trader does not need to do market survey nor sell signal.
He will sell whatever he has (house, wife, children)and borrow from banks, loan sharks and friends, relatives and dump all into his trade and retired thereafter.
  • #13
  • Apr 4, 2021 10:26pm Apr 4, 2021 10:26pm
Quoting mixedbags
{quote} if a trader can produce that kind of result, that trader does not need to do market survey nor sell signal. He will sell whatever he has (house, wife, children)and borrow from banks, loan sharks and friends, relatives and dump all into his trade and retired thereafter.
Risk management:
Do you see Soros mortgaging his entire fortune?

Remember, when he made the bet that broke the Bank of England, he was trading for a firm, it wasn't his own money.

With any financial planning, no one ever goes all-in.

Capital raising:
Consider this-none of the world's richest men fully own their companies. They put up their companies to be publicly traded because they want to raise more funds, even though they have enough money to run the business as a sole proprietor.

No offence to you mixedbags, you are holding a very childish view. No matter how confident one is, no one will ever bet the farm.
  • #14
  • Apr 5, 2021 11:01pm Apr 5, 2021 11:01pm
Bump for more opinion.

Thanks and cheers!
  • #15
  • Apr 9, 2021 8:39am Apr 9, 2021 8:39am
Another bump..any more feedback?

Thanks.
  • #16
  • Apr 11, 2021 5:42am Apr 11, 2021 5:42am
no business ah. so pathetic
  • #17
  • Apr 11, 2021 2:10pm Apr 11, 2021 2:10pm
Quoting kCBHk
Doing a simple interest check here. Question is as per topic-Would you pay a subscription of USD 1,000 to follow a trader? Here's the assumptions/conditions: 1. The trader has provided a substantial trading history, including a TE here on FF. 2. The trader's ROI is enticing. 3. The subscription fee is for a year. EDIT: Add-ons: 4. A live login via Zoom is done. 5. The broker used is a legit and licensed one, eg. Pepperstone, IC Markets.
Do you mean $1000 covers the whole year?

Also, you know, the ROI being "enticing" is subjective. Throw in an actual number or percentage to make it easier to decide.

I think the most important criterion for me would be historical consistency, not just in profitability but drawdown as well.
That plus a monthly return of at least 3-5% and my answer would be "Yes".
  • #18
  • Apr 11, 2021 3:06pm Apr 11, 2021 3:06pm
Quoting kCBHk
Doing a simple interest check here. Question is as per topic-Would you pay a subscription of USD 1,000 to follow a trader? Here's the assumptions/conditions: 1. The trader has provided a substantial trading history, including a TE here on FF. 2. The trader's ROI is enticing. 3. The subscription fee is for a year. EDIT: Add-ons: 4. A live login via Zoom is done. 5. The broker used is a legit and licensed one, eg. Pepperstone, IC Markets.
What is the " substantial trading history" ?

What is the "enticing ROI" ?

Without this info, I dont get how anybody saying they would or wouldnt pay a subscription would mean anything, let alone a yearly subs.

Only with the detailed facts will anybody make that decision.

And what the guarantee is there that the service will be ongoing for the year ? This is not a major company with years to back up they give the services that were paid for an entire year. So I dont know how many would make the mistake of trusting an individual with a yearly subscription,.

Maybe after some years of happy customers you could, but then again a % per profit model or a low subscription fee is more realistic in my opinion... but all that depends on the real numbers, that we dont have here.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #19
  • Apr 11, 2021 8:54pm Apr 11, 2021 8:54pm
Quoting Koop
{quote} Do you mean $1000 covers the whole year? Also, you know, the ROI being "enticing" is subjective. Throw in an actual number or percentage to make it easier to decide. I think the most important criterion for me would be historical consistency, not just in profitability but drawdown as well. That plus a monthly return of at least 3-5% and my answer would be "Yes".
Yes.

What is "historical consistency" to you? How long do you require?
  • #20
  • Last Post: Apr 11, 2021 11:52pm Apr 11, 2021 11:52pm
Quoting mixedbags
{quote} are you doing a market survey to sell your signal? Maybe free for first 6 months then I might be interested because all of the following can easily be photoshop - 1. The trader has provided a substantial trading history, including a TE here on FF. 2. The trader's ROI is enticing. 3. The subscription fee is for a year.
If your system could generate 20% per week, what would you sell or rent it for per month?
Threesome Daddy
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