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1  Economy / Trading Discussion / Re: Signal trading platform with REAL verified results - need feedback on: June 09, 2022, 09:20:08 AM
Thanks for the feedback!

Your credibility and truth data is the key to your profits.
Yeah, that's the point of that platform. 100% verified true results, even if they are unprofitable.

maybe the signal trading platform can still get an audience. but for copy trading, I doubt it will get any followers...
I agree. I meant "signal platform". Users subscribe to traders' signals (they receive those via platform, email or SMS) and can decide whether copy the signal or not. It won't be automated.
It's my mistake, because I used the expression "copy trading" which means automated copy trading but I rather mean signal trading, when you get the signal and decide what to do it for your own. I just edited the original post.

If you did all of that then you would at least gain the trust of those which may like to use such platform as you are revealing the real results the traders get, however there is a reason scammers are so successful and keep deceiving people over and over again, and that is because people look for extraordinary results, which most of the time means inflating or even falsifying the real results traders can get, so I would not be surprised if not many people wanted to use your platform as your traders will offer less accuracy and profits even if the results are real.
Yeah, I agree. But I believe that still some % of people would prefer those ordinary profits with less accuracy with the knowledge that those profits are real and achievable. I'm a good example of that. I don't believe in promising the moon any more.

You have to build trust first, big trading exchanges are full of clone trading from top traders who have great experience in this field and have high credibility, so it is never easy to convince people to leave the big platforms and go to your platform, there should be high incentives that make people go to your platform such as low fees or high positive results, etc., all of this takes time to build. I wish you success.
Have you checked eToro[1]?
As far as I'm aware, this is the only platform that has successfully implemented copy trading in my experience. However, unless you can offer something new, it will be difficult for users to trust a new platform when the current service can completely accomplish its job. eToro both support international and local stocks as well as crypto where anyone can copy other people's trades in these market.
[1] https://www.etoro.com/copytrader/
True! There is no competition with big, established platforms who offer copy trading like eToro. It's my mistake, because I used the expression "copy trading" which means automated copy trading but I rather mean signal trading, when you get the signal and decide what to copy it for your own or not. I just edited the original post.

I see some advantages of verified signal trading over copy trading:
1) It's multi-platform - you can make the trade on any exchange you use, you are not bound to one platform like eToro
2) You decide whether to make the trade or not, it's not automatic and you have the final word
3) You can subscribe to many signal trading options and pick up the trades you will comfortable with

The obvious disadvantage is that there is a time delay between the signal and your trade, which may affect the final profits and it's also more time consuming because you have to decide whether to make the trade or not and then make it for your own. But I think that it's still worth the effort.
2  Economy / Trading Discussion / Signal trading platform with REAL verified results - need feedback on: June 08, 2022, 10:43:29 AM
Hi,

I'm tired of scammers advertising their paid signals groups with made up unverified trading results. I guess most of their trades don't exist or they hide their unprofitable trades and only brag about successful ones. There was a time I was subscribing stock market trading signal service until I noticed that the signals and reports are not as profitable as advertised by the service "guru".

I'm aware that signal trading is full of scams, but I believe that there are some people who have good experience in trading, specialize in a niche e.g. agricultural commodities or metaverse and achieve better investment results in their niche than others. And are willing to share their trades for extra money.

That is why I started to work on a signal trading platform with two groups of people:

1) Traders can register and share their trade signals. The main difference is that they share trade signals on the platform, so the platform exactly knows the timing and the profit of the signal. There is also no manipulation of the trade price, because the exact price is taken from the current market data, not typed in by the trader. E.g. if the trader buys Apple stock or Ethereum, the platform checks the current price of that asset, sends the signal to subscribed users and saves it in database. When the trader sells it, the platform knows the exact profit of the trade.

2) People can join and subscribe to Traders's signals. They see their REAL, VERIFIED results and there is no manipulation, no hiding bad trades, no time difference between the trade and alert sent, etc. Everything is clear as day. Of course those people pay some fee to subscribe to trades, but at least they know exactly what they are paying for.

What do you guys think about such a platform? What are pros and cons? Of course I'm thinking about improving it in the future (adding reviews, traders can add reports, presentations etc.) but I wanted to get some feedback before starting further development. Would you be willing to join it for beta-testing?

All feedback is welcome.
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