Advantages of MQL5 Forex Trading Signals to Signal Sellers and Forex Signals Providers
As a profitable currency trader there is a way that you can increase your profitability without adding any risk to your trading account. By signing up on the MQL5 website you can become a Forex signal seller and traders who subscribe to your services will pay you extra income, and you can add this income to your overall profits.
To setup your Forex signal subscription service, all you have to do is to register an account with MQL5, then specify your account and the transactions generated on this account will be automatically be sent to those copying your transactions, through this service. Your platform should be MT4 or MT5. One advantage of becoming a Forex signal provider on this community is that you get access to a large market of potentials subscribers, all traders using the MT4 and MT5 platforms can subscribe to your alerts.
So, What are the Advantages of MQL5 Forex Signal Providers Service to Sellers
1. Get Access to a Large Market of Potential Subscribers
As a seller live Forex signals, one of the advantage of become a signal provider on this community is that you get access to a market that is comprised of all forex traders using the MT4 and MT5 platforms. And because the MetaTrader platform is implemented by over 600 Forex brokers and hundreds of thousands of those using this platform as your potential subscriber base is composed of all those traders using this platform.
What this means that you if you become top ranked best Forex signal provider and your trading signal is very profitable then those copying your transactions can grow at a high rate, and you can start making a lot of profit for them as well as from them.
For example in the screenshot below taken from the Top Forex Signals Providers, the Forex trading signal at the top has 809 subscribers in total. Taking the average subscription amount per month as $40 dollars per month, then the profit they will make:
809*$40 = $32,360 extra profit from the signal subscription.
From this example, the top ranked Forex trade signal below will make $32,360 profit from his service.
Top MT4 Forex Trade Signals Service Subscription
This is a win win situation:
· The Subscriber gets profitable signals and makes a good profit
· The Seller gets paid a subscription fee by 100s, which adds up to a big profit
2. Dealing with a Reputable Company
One advantage of working with this company is that it is a well known company that is owned by MetaQuotes Software Corp. The owner of MetaTrader 4 and MetaTrader 5 Platforms.
Therefore as a seller you do not have to go looking for forex traders on your own. Just setting up an account for a signal provider is all that is required. The Marketing is then carried out by Metaquotes.
On MQL5 the currency used is referred to as credits, once one subscribes you automatically receive credits to your MQL5 account from them, if 100 people subscribe to your service, then you get credits from these 100 people, there is no need to know the name or details of your subscribers, the only thing that exchanges is credits. Once you get credits you can request to withdraw at which point your credits will be converted to dollars and you can withdraw your money anytime using a number of payment methods.
3. No Need for Signal Seller to Setup a Subscription system
As a Forex trade signals provider you do not need to setup your own subscription software or system. The system that sends the transactions to traders is already implemented once your setup your account then all transactions that you open on this account will be automatically sent to your subscribers through the TET subscription system.
The other advantage is that the trading signals are executed automatically on the trader's accounts that are have subscribed to your live Forex trading signals, everything is executed automatically without having to manually login and setup or execute manually.
4. The More Profitable Your are The Higher The Rank You Get and The More The Profit
For those Forex signals providers with highly profitable strategies, the higher their ranking goes, once a signal seller gets a high ranking they are then listed on the top ten most accurate Forex signals. Those ranked at the top receive the highest subscriber base subscribing to their alerts. Once as a trade signals provider you get to be ranked as one of the top, then the more that subscribe and hence the more money you make from your service.
Top MT4 and MT5 Forex Trading Signal Services
5. No Personal Data is Shared Between Signal Sellers and Subscribers
As a seller on MQL5 one of the advantages is that there is minimal interaction between the seller and the Buyer. The only thing that is exchanged is online Forex signals and credits.
To choose a from this list one is provided with the detailed history of the transactions of each service provider. The personal details of sellers are not shared.
As long as a Forex signal provider is making good profits that is all the information that subscribers require.
6. No Need for Your Subscribers to Be Online 24-7
Once you become a Forex signals seller, there is no need for the those copying you to be online 24-7 every minute of the day, neither do they require to be logged in to execute the transactions that you send.
The TET automated signal system known as Trusted Execution Token or TET execution model or TET Forex trading signals software, will automatically connect those copying your transactions through the TET execution system, and all transactions from your platform will be automatically executed in real-time on your account and of the accounts of those copying your forex market signals, as simple as that. No need for your subscribers to be online throughout to copy these daily Forex signals the TET trading signals software will do it for them automatically.
There is no need for the those copying your forex trading signals to manually execute them or setup alerts such as an SMS alert services, the trades generated by you is live and executed automatically by the automated Forex signal system (TET) . With the TET execution model there is minimum delay between when the live Forex trading signals are generated and when they are executed on the accounts of those copying you.