I tried to avoid doing this as much as I possibly could, but with the way things have been going for me, I had to bite the bullet and ask for some help to keep my business alive.
Those of you who know me for some time, probably already know my current situation and the progress I have made over the past year in getting my business registered outside of my home country (Iran), in order to free myself from limitations of economic sanctions imposed on my country so I can access the international market and sell my educational courses and services globally on platforms like Udemy.
Even though I finally managed to partner up with one of my old investors to get my business registered in UK, I still need some help in the form of a kickstarter push to get the business off the ground and provide the services with a quality that my clients deserve.
I have been trying to secure a small office space and buy the necessary equipment for developing my educational courses on trading.
Last year I tried putting the course up for sale while I was developing the contents of it, but after selling a couple of copies of it my situation got so bad that I couldn’t really finish the job and continue the development of the signal service project (which is now almost complete) so because of that, my educational course is not really ready to be put up on udemy as its both incomplete and the quality of it is not really even close to what I want it to be. so I have decided to cut the course into a 3 course series on trading with basic, intermediate and advance levels and put the 3 course bundle up on udemy so I can lower the price of them (most likely $200 each) and make it available to more people.
but at the same time, I’m working on updates on the signal service to turn it into a fully automated copy-trading platform so its no longer a manual system where the client has to be online and ready all the time to use the signals I post via the bot.
I have really stretched myself thin financially and I really can’t keep this ship floating much longer without some help. I poured what was left of my savings into developments of signal service and I expected to get enough members to recycle the subscription money they pay and pour it back into the system to add more features to it.. but I couldn’t sell as many subscriptions as I hoped I will and if I keep going like this, the quality of the service wouldn’t be up to standards and I know I can’t expect clients to continue paying for a service they can’t use properly or if it doesn’t have the quality that’s worth their money.
So I have decided to do a kickstarter project and basically pre-sale some of the services I’m providing with discounts and raise the funding required for getting the office space and outsourcing parts of projects to move them along faster.
Currently the signal service is a manual system where you the client, have to manually put in the trades I share into your trading platform so in order to use the signals you have to be online in time to take those trades.. but I want to change this and make it completely automatic by both adding a copy-trading service via a regulated broker as well as adding a trading bot (EA) which automatically takes the trades I share on client accounts regardless of where they have opened their accounts.
The copy-trader system offered by the brokers, by design have a different cost structure and in most cases the client has to be subscribed via the broker (meaning broker is in charge of copying the trades on client accounts and client must have a trading account with them) and they often charge a portion of profits as performance fee of the Signal provider (which would be me!) on top of a subscription fee for using the service.
while this is very convenient for me, I don’t like the idea of running a service that is broker dependent so I want to add a separate copy-trading platform myself which is not broker dependent and doesn’t charge performance fee from profits either.
I like doing this mostly because even though its less beneficial to me in terms of money gained from clients taking my signals, I believe in the long run it can prevent a conflict of interest issue with the broker and also my clients won’t turn into a big crowd of traders with same stoploss and targets inside the same broker and basically a school of fish ready for the big sharks to take advantage of.
Also since now my company is based in UK there is also the issue of regulation, which prevents me from automatically initiating trades on my clients accounts, so I will have to give you all an EA as part of my “education” on trading and let you guys use them on your own accounts. this will require a different setup to avoid the problem with regulations which inevitably adds to the costs of running the service (I probably will have to raise the monthly subscription to $50 per month for automated EA service).
So I have built some support packages that each offer a discount or a prize to any supporter who buys the package, and by buying these packages you can help me in funding the projects and at the same time, using the final products on a huge discount!