Managed accounts is the way to go for sure. But you need someone who's a CTA or licensed to take in money. It's a red-flag if someone is doing that without it. $15/month for alerts/calls and fancy charts without explicit entry, stop-loss, take-profit is completely worthless. Especially when the provider is not even incorporated.. the only thing registered is the domain name, which can be a fly-by-night operation.
I wouldn't say a managed account is the solution for someone wantng to learn how to trade for themselves though. Depending on where you live and the number of clients you have being a CTA or licensed isn't necessary anyway, what counts are results. Start small, and if the fund manager is any good then increase your investment when you feel comfortable. There are many scam fund managers, some people offer to trade other people's money without the first clue how to trade it. Some of the 'managers' on this list are a good example of what can happen! Totally agree, especially when the analysis is for something so discretionary as Elliot Waves!
Cable, don't think I forgot about your comment for a free trial Just give me a few days to work out the logistics of handling decent (100 user) subscription base.
Well, anyone can be a fund manager through FXCM UK I don't think a good alert/research service will teach you how to trade. You wouldn't need them if they did. Why do you think we live in a world of jargon? To confuse and mislead from the truth. George Orwell explains it perfectly.
Me neither, in fact even with good signals I bet the majority will still lose money! lol, subtle wasn't it Maybe a better idea is to charge $1 for the trial period, via paypal or something, saves all the freeloaders signing up for multiple trials! I'll tell you something, if you can offer a good service with profitable signals you'll be unique. With the help of an online marketer you could easly have a few hundred subscribers fairly quickly, at a couple of hundred bucks a month each it could be very lucrative!
I don't need a marketer. I'd rather prefer a word-of-mouth approach. Here's how I prevent the free-loaders., You still sign up for the subscription via PayPal, enter your name, email, credit card info. You'll just get charged after the trial period is over. So I'll have basic info for identification, and run new accounts against this pre-populated list to catch free-loaders. I am already making a killing on zulutrade
Yeah, like brandonf. Unless he's (brandonf) for real. Which would be good for sakhter, but it would make my sarcasm less biting.
No worries. I trade my own advice. Quality over quantity of trades is my motto. You may get at most 1-2 signals per day per pair. Nothing too extravagant. But for integrity of volume/volatility and erosion/time effect of my approach if used on a massive scale-- I will limit reports to 100 subscribers. This is not geared towards new traders. I'll even let you guys try me out for 1-month. Let's consider it a beta-test run. It will allow me to get feedback on what you guys/gals want to see in a report. Let me know!