I Want to Start a Signal Selling Website

[EqtTrdr]

call Waxie and ask him how it is done!!

 

[JVM]

Here's a ruling from the SEC regarding providing advice over the internet:

http://sec.gov/rules/final/ia-2091.htm

 

[wee man]

Quote from optioncoach:

Are you not making enough money trading the signals yourself?

 

[Pekelo]

Quote from sysre:

I want to start a website where I sell ETF timing signals to the general public for some monthly or yearly fee.

You could just use Collective2.com.

Advantages:

- cheap
- no need for registration with any agency
- shielded from possible lawsuits (well, we are in America)

Disadvantage:

- there are others like you there so you have to compete

You could make a website of your own with all the explanations, stats, profit targets, etc. and link it to your system at C2...

 

[zxcv1fu]

Quote from traderdon56:

There is/was an options signal site called Terry's Tips that was shut down in mid 2005 for such activity. It had to do with the false claims he was making about his auto-trading service.


http://www.sec.gov/litigation/litreleases/2006/lr19725.htm


http://www.sec.gov/litigation/litreleases/lr19291.htm

He is back several months ago & spammed me as usual!

 

[OddTrader]

Quote from Pekelo:

- shielded from possible lawsuits (well, we are in America)

Please explain more details how this particular C2 site can do that.

 

[Pekelo]

Of course you can get sued in America just for being alive, or even before you are born.
Anyway, the site is constructed in a way that the signals given are part of freespeach issues, and not as trading advice. Of course it is debatable, but the point is that the CHANCE of being sued for practicing without a licence is much less there, than to have an own website where you advertise yourself as a financial adviser...

 

[5Pillars]

Quote from EqtTrdr:

call Waxie and ask him how it is done!!

Get EqtTrdr's calls here for FREE......he is ALWAYS right!!!

100% up room to go!!!

 

[piezoe]

Oh, why not? Your signals can't possibly be any more useless than whats already being hawked.

 

[Rearden Metal]

Quote from Pekelo:

You could just use Collective2.com.

Advantages:

- cheap
- no need for registration with any agency
- shielded from possible lawsuits (well, we are in America)

Disadvantage:

- there are others like you there so you have to compete

You could make a website of your own with all the explanations, stats, profit targets, etc. and link it to your system at C2...

Another disadvantage: Your picks have to actually work (at least on the hypothetical level) in order for you to get paying clients.

C2 records and displays your system's track record.