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Has anybody tried "Echo Trading" with RJO Futures as a Trade LEader? Can you actually get many followers this way? What subscription fee can you charge?
Can you help answer these questions from other members on NexusFi?
We actually offer the same program called Follow the Leader. The steps in how to become a leader are as follow:
STEP 1: Open a live account and trade in the "sandbox" to build a track record of your trading
STEP 2: Evaluate performance with a Cannon Executive
STEP 3: Open your trading for "followers" who will pay a monthly subscription fee
To answer your questions, you can get a good amount of followers from clients already on the platform who can view your performance once you build a good track record. Or many leaders already have people who follow the leaders trades and they can join your trading after they open a live account. And your trades will then be copied to their account.
And you can you and your broker can decide what monthly subscription fee fits best for your program.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
