Forex-blogging or selling out your trades?
Aug 27, 2010 at 09:16
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1 Replies
Aug 27, 2010 at 09:16
Hi! I've been trading FX full-time for 2+ years now, and I am happy to trade my own money, without trying sell
managed account services.
I've been profitable enough to keep my living standard, but there is no real growth in my account, since living expenses eat most
of it.
I was considering to start a forex-blog and then get some extra money from ad-sales if the blog is a success...but then I had the idea of 'selling out' my trades to paying customers (monthly fee could be initially very low, but if my published trades profit exceeds some threshold the fee would go up, and it would come back down is performance goes down again).
I typically hold trades for several days, so they should be easy and not time-consuming to follow.
What do you guys think about this kind of service?? I think that compared to blogging this would be more intense and need
a few times more compensation also...
I'm not completely abandoning managed account idea, but I don't know how to get customers that would be suitable for my trading. I try to achieve 20-30% annual gain, which is enough for me 'trading for living'. I propably have larger drawdowns (15%+) than customers want...I can tolerate that myself though...
-Mika
managed account services.
I've been profitable enough to keep my living standard, but there is no real growth in my account, since living expenses eat most
of it.
I was considering to start a forex-blog and then get some extra money from ad-sales if the blog is a success...but then I had the idea of 'selling out' my trades to paying customers (monthly fee could be initially very low, but if my published trades profit exceeds some threshold the fee would go up, and it would come back down is performance goes down again).
I typically hold trades for several days, so they should be easy and not time-consuming to follow.
What do you guys think about this kind of service?? I think that compared to blogging this would be more intense and need
a few times more compensation also...
I'm not completely abandoning managed account idea, but I don't know how to get customers that would be suitable for my trading. I try to achieve 20-30% annual gain, which is enough for me 'trading for living'. I propably have larger drawdowns (15%+) than customers want...I can tolerate that myself though...
-Mika
Member Since Oct 28, 2009
1430 posts
Aug 27, 2010 at 09:27
Hi Mika,
ZipSignals is a good place to start if you are interested in selling your signals.
However, to be honest, aiming for 20-30% annual gain with a 15% drawdown isn't really going to excite people and I think you would struggle to attract investors.
ZipSignals is a good place to start if you are interested in selling your signals.
However, to be honest, aiming for 20-30% annual gain with a 15% drawdown isn't really going to excite people and I think you would struggle to attract investors.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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