Trading signal

A message naming an instrument, a direction, an entry and usually a stop and a target, sent to a list. What a subscriber receives is a conclusion without the reasoning that produced it, and without the position sizing that would connect it to any particular account. The same message reaches somebody who has traded for a decade and somebody who funded an account last week, and it carries no information about which of them it suits.

Where the money comes from decides most of what follows. A subscription is charged on access rather than on results, so the revenue is unaffected by whether the messages were profitable, and any published record of them is a performance claim assembled by the party selling the subscription. Some arrangements are additionally paid by a broker per account opened or per round turn dealt, which is a conflict a subscriber cannot observe from the messages.

The regulatory position is the part most often assumed. Advising on financial products is an activity requiring authorisation in most regimes, and payment changes none of that: a subscription fee buys access to messages and confers not one of the protections a regulated relationship carries. Money paid to an unlicensed seller, and money lost on positions opened after reading its messages, sits outside the complaints and compensation arrangements that apply to a licensed firm.