9 Can’t Miss to be a Signal Provider
Signal Provider
As a Signal Provider, you are the influencer of this social platform, you are considered a connoisseur of OTC market trader and your trading portfolio will be appreciated by the public.
Just like sharing photos and videos on Instagram, your Signal profile is a hub for all your trading histories. Create a never-ending flow of followers copying your trades!
Q & A
What you need to know as a Signal Provider
What does a Signal Provider do?
Many people underestimate their ability and what they can achieve. Potential is the difference between where we are now and where we could reach. The potential will often lead to success for an individual, unleash your influence power and lead others to success together, share your trading decisions on SoFinX now!
Why would I be a Signal Provider on SoFinX?
Because you can earn beyond what you’ve already got! Copy-trading business is based on a subscription model and profit-sharing, where your followers pay you as a subscription fee to copy your trades every day/month/year or you will receive a certain percentage of winning trades.
How would I gain my followers?
So many people get into the rat race of how many followers they have. And that is not the game that you would like to enjoy on SoFinX. Listen, it is all the same here for social trading, you won’t need to be winning at all the times but willing to share and public yourself to the market, that’s exactly how you would gain your followers. You would continue to put out your trading strategies that you think will boost your followers, grow your self-esteem as you share more and more signals on SoFinX
How does it work in terms of earning commission or revenue shares?
If you are an experienced trader with a successful portfolio and strategy, you should become a powerful signal provider and receive extra income from your subscribers. It is as simple as how YouTube, Netflix, and commercial gyms works. You would earn either a share of followers’ profit or simply get paid when people choose to refer to your trading strategies.
No barriers between platforms. You are not only sharing under your brokerage.
Cross-brokerages is the greatest highlight of SoFinX, we couldn’t stop talking about this surmounted function which has never been seen in this market. You are not only a signal provider now but also act as a signal manager. You create, improve, and market your signal to the public. The bigger you grow, the more you will earn.
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It is a financial exchange-integrated social media. The more trading ideas you share on SoFinX, the more you take away from it.
It doesn’t mean it requires no effort to make money but you could definitely make it easier by jumping on SoFinX. Join the community, utilize the analytic tools and history records.
Q & A
What you need to know as a Follower
History of Copy Trading
Starting from 2005, traders discovered the advantage of using copy-trading where they copy specific algorithms that were developed through automated trading. Brokers recognized the potential of having such a system to mimic the actions done by another trader which is usually done in a social trading network.
How does Social Copy-Trading work?
There are multiple methods and strategies to copy-trade other traders. For instance, you could straight copy the whole portfolio from the others, meaning that you would copy any of the others’ trade-entry points, exit points and stop limits settings, etc. Alternatively, you could choose to receive notifications when your desired following trader executes an order and manually copy those transactions. More importantly, you are evaluating others portfolio and data to determine the potential of earning money. You are no longer betting on your trades but performing a legit due diligence before investing your cash.
Can you make money from Social Trading?
Social Trading allows you to diversify your portfolio. Meaning that you could put your money in multiple trading instruments by referring to multiple traders. Not only you will have different strategies in a single trading account but would also spread out the risks. On top of that, since you would look for those profitable signals, you would gain profitability while lowering the risk, thus, you could make money from Social Trading.
So, what’s special about SoFinX?
You reassemble your portfolio by following other and republish your NEW signal!
Is it a good trading strategy?
Some research found the average winning rate of retailers is slightly over 20% of the population, but to those brokers who employ the copy-trading feature have an additional 15% of the winning rate.
By socializing your tradings, you would be able to read the trading record of an instrument by other traders and discover the trends and patterns of the product. You are no longer limited to the indicators on your trading platform.