I’ve been trading CFDs for a while now, and have been transparent in sharing the pros and cons, as well as my progress doing it. I was starting to think about providing some sort of service for CFD trading for beginners, and was toying with the idea of a subscription service that will provide potential traders with my trade calls and thinking regarding the companies that I trade on.
The table below shows my profits from CFD trading starting from Jan 2019.
The subscription service I was thinking about revolves around:
- Access to my google sheets for a full view of my trades all the way from January. Users can make a copy from my sheet and track their own trading.
- Access to my telegram channel where I update on my trades in real time, including companies and price I recommend but may not necessarily trade. These calls will be clearly demarcated.
- Access to a Facebook Group where we can discuss trades and stock news.
The idea is that my members will have access to my thinking and my trade calls. They can then do their due diligence (always recommended) and if they feel that it makes sense, they can follow my trade and potentially make similar amounts of money I make from trading.
In essence, they will have access to my trades, and either follow or not, for a small monthly fee.
I was thinking of setting a monthly fee of SGD$99 per month. If you look at my history, the returns from any month would have more than paid for an annual subscription. Of course, if the user were to refer, say 5 friends successfully, I am more than happy to waive subscription fees.
What do you think of this service? I would love to get some feedback on this in any regard. Please sound off in the comments below!