Best Signal Provider - earn extra income

Good day Traders.

Please assist me. I have been trading for few years now. And my strategy is consistent in making profits every month. I want to make extra income by providing my signals to other traders. What are the ways to do so. I see mql5, zulutrade, etoro etc websites for become signal providers. Please let me know if there are any other ways to earn other than earning money from trading. I want to become portofolio manager as well. Please suggest me good ways to use my potential.

Thank you very much in advance
Raj

Hi, these websites ( mql5, zulu and e toro ) are a long time on market, check what they offer and decide what next. Regards Greg

Depends how confident you are with your strategy. You can borrow money from family, friends or the bank. Or if not sure then join a prop fund eg ftmo, blufx. There are threads here about both, have a look and do your research.

Thank you very much for the reply. Im confident about my strategy. I cannot borrow from family. Not an option in my case. Looking for other options. I want to create a good career path for myself instead of going in wrong directions. Please assist if you have any info for me. Thank you

Borrow from the bank then.

You can also use PAMM accounts in order to show your capabilities and attract investors. You can open a pamm account in one of the brokers that offer such a service. Trade as you trade normally for a while and if you show persistent results, investors will probably come.

However, there are some tricks that you can do to attract more clients.

I don’t know how much you gain or how risky your strategy is but in general people who invest in these kinds of accounts don’t know much about trading so the only thing that they notice is profit percentage or gain so you need to show them a high profit account.

They don’t know much about other factors such as max DD, profit factor, or any other factors to assess and analyze a pamm account, they just go for the gained profit, the bigger the better.

So what should you do? should you deceive them by for example a kind of grid or martingale strategy? that’s actually an option that a lot of pamm managers do.

But I prefer another one. you can open two different pamm accounts. in one of them, trade as you normally do and try to grow it as you normally do. think it as a long term strategy that might work 6 months or even one year later and you’ll attract clients at that time.

It’s better to open various pamm accounts in different brokers offering such a service, so you’ll be exposed to a wide range of prospects.

The second thing that you can do and may work sooner is to risk more than you do and try to gain more than normal. you don’t need to open a large account for that and you can deposit the lowest amount depending on the pamm broker.

I don’t know if it’s a viable option for you or whether you can pull it off but you can attract more clients in a shorter period if you have a fancy statement.

After acquiring some investors you can switch back to your normal routine and lower the risk.

You can find some of the best brokers with pamm service in the following post.