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Originally posted by jsoft
2) the truth is that the main stream of revenue for the most "signal providers" out there is indeed the fees charged for the signal services; they seldom manage real funds (successfully);
3) very few successful money managers are offering signal services; it makes very little business sense adding "additional stream of revenue" (from signal services) to the successful managed fund business, if one considers the headache of dealing with several hundred newbies also limited income potential; the possible exception would include institutions with the extensive personnel and big institutional clientele base (not the case with the two men operation selling their signals to the newbies).
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You are no doubt correct on your observations about most signals companies. However, there are exceptions. I do both fund management and signals. However, as the fund has grown, I have devoted far less energy to the signals. It is now a stripped down version, and I offer nothing but the "bare bones" alerts of the trades I am taking. No frills, no bells and whistles, no fancy gimmicks, no correspondence with clients, no chat room, no website log in and no marketing hype either. Most of the administration of the signals service is automated, so it takes very little of my time. All I do is to send the trades out to traders as I take them myself. It is obviously geared to serious traders and not the newbies who get caught in the glare of the fancy signals companies headlights. I now have 420 clients amazingly, and that number grows by about 15 per day. I shall continue to provide this service as it satisfies several virtuous (and also not-so-virtuous) needs in my personality, and does provide a safe and reliable second income stream. I am also hopeful that my service meets the needs of traders who are tired of the scammers and are looking for something genuine.