How to sell a system?

Hey guys,

I have been trading a system for 12 months now. It's profitable and I want to sell signals. I am putting together the website right now and I have a few general questions..

1) I use IBFX. Is it safe and ok to put my detailed report online, including my IBFX account number? I want to, so I can verify my results using my live account. However, I want to be safe about it. So, is there any danger?

2) How much do ppl usually pay for signals per month?

3) What kinds of information do people look for when buying signals?

4) Any other way I can sell my system to profit more?


Also, please note while my system is profitable, it won't make you a millionaire overnight. Slow growth is great, but I am planning on using any funds I get from subscribers to go directly into my FX account and increase my trading size.

Thanks, any help would be greatly appreciated!
Jeff.

I don't know what the nature of your system is, but in my experience if you want to establish a successful signal service, you will need to at least cover the following points:

1. Yes. It's safe. Despite that the people you should be directing this question to are your brokers. You want a written confirmation from them and not a trader who is not a legitimate representative of their business.

2. That depends entirely on the quality of the signals, and inexperience of the investors. It can range from USD 30 USD to USD 1000 + depending on the quality of the service provided. Once you can verify the results you're promoting through your signals over a significant period of time, demand will increase and with this so can your pricing.

3. The most important factors in my experience when it comes to buying signals are accuracy, speed of delivery and usability.

- You need to provide your clients with a media for delivery which is in immediate synchronization with your signals in order to provide them with lag free information.

- Usability. If you're a scalper or trade for anything less than 100 pip targets. I would honestly say, that you might as well forget it now. Between realizing a signal, packaging the information, sending it and delivering it you need to offer medium to long term trades in order to compensate for lag and missed signals across the board.

- Many of your clients will not be able to take all your signals. Some will cherry pick, others simply won't have the time. Because of this, a significant selection of your buyers will always end up on the losing end. So if you're not providing a high return ratio with a low risk. Once again, it's probably best not to invest the time in such a venture.

4. You're already on one of the worlds most populated exchange forums. In the commercial zone, and asking how to sell your system?

You might want to hire some marketing staff : )

People want results plain and simple. If you have confidence in your system, link your trading account to the forexfactory in-built trade manager and publish it for everyone to track. Or simply start a thread and show people that it works.

All people want is proof. If you have it, that's all you need. If you can't deliver it. Don't bother deceiving people.

Good luck.

effilang,

Very nice response. Thank you. Well, I don't want to blow smoke up peoples ass. Which is why I want to show my results as much as I can.

If I make my statement available online w/ my account id from IBFX. Is there any danger with that? That pretty much shows my system for the past 12 months on a live account w/ no other trades but what the system made.

My return is 170% over 12 months. Max losses 7 in a row, Max wins 8 in a row. That's risking ~ 5% per trade. My system generates about 1 signal per day on average... some days 0, some days 1, some days 2 (I've seen 3 max).

If anyone knows if I can show my IBFX statement online without worry, I would appreciate.

Thanks
Jeff

You can use the trade explorer in forexfactory or take advantage of mt4stats.com

Neither of these options display your full account number information. Similarly to a credit card, some of the numbers are starred or x-ed out.

Click on my profile name and you'll see what i mean.

Do you know if it'll show the trades off my account from past months?

Thanks
Jeff.

I think it should sync in.

DIY and see. It takes under 5 minutes to link an account.

Thanks,

It's saying I can't connect. I sent an email to this site's support. Hopefully I will have this up tomorrow.

Jeff.

Just provide people with the investor password, that way they can physically log in to the actual account but not be able to mess with any of the trades and other functions of the account.

I've attached my account to my profile.

Let me know what you think. Please look at the past 12 months only. Otherwise, you'll get mixed results.

I'll create a separate thread for this system when it's ready to be sold. Any feedback is welcome. Please be constructive though, if you like or do not like something, let me know.

Thanks
Jeff.

Signals, good signals are like the holy grail.... very difficult to get in a long period of time in leveraged markets, but not impossible.
www.myfxbook offers a clear cut neutral option of publishing your signals and selling them, so does www.mql5.com