Review Of Zulutrade Trading Signals
ZuluTrade is the first autotrading platform and presents a fantastic opportunity. You can have other traders trade your account for you while you are working, sleeping, on vacation, etc. It’s no wonder that ZuluTrade is growing at a very fast rate.
One of the most successful traders in history was asked “what advice would you give to a trader that is struggling and not profitable?”, he answered “he/she should find someone who is a successful trader and get them to managage their account”. When you think about it, this is excellent advice. The learning curve for forex trading can take a couple years, if you could have a professional trading for you - what an advantage to earn while you learn!
How ZuluTrade works in a nutshell:
- Sign up for a Free Account by clicking on the image:
- Then you sign up for a new broker account from within ZuluTrade, you can choose between over a dozen popular brokers like FXDD, FXCM, etc - (the account minimum for some brokers is only $200 for a micro account)
- Once your new broker account is activated you login to ZuluTrade and select your providers and the amount of risk for each provider.
- Once a week you will receive a report with how many pips won/lost, you can check statistics and change providers anytime you like
This service works out to be free for you because the brokers give ZuluTrade a small commission on each trade from each referral. They split this small commission with the service providers. Anyone can choose to be a service provider for ZuluTrade by linking their live account.
The advantage of autotrading with ZuluTrade is time freedom, besides the initial time you spend choosing your providers and monitoring them, you don’t have to do anything. Each time one of your providers makes a trade it is automatically traded in your account with the money management (risk allowance) that you choose.
Where You Have To Be Careful - In my opinion the vast majority of current trade signal providers at ZuluTrade are VERY risky. There is various information available to you about each provider that you need to sort through:
Notice the column that says Max DD%, this is very important in my opinion, DD stands for draw-down and shows how down these providers have been in “adverse times”. Forex trading is an up and down game, at best 2 or 3 steps forward and 1 back. In the image you can see one of my favorite providers Lowest DD, after 1771 trades the most draw-down is account has seen is 14%, so if you have a 10,000$ account and you experienced his drawdown period, you would have been down to 8600$ at the worst period.
You see IKZE trading with the 250% DD, if you would have been trading with this provider during the worst time, you would have lost everything if you committed 100% of your account to this provider. So, as the saying goes “don’t put all your eggs in one basket”, if you had only 10% risk set for that provider, then that’s all you would have lost. Personally I only choose providers with a very low DD and lots of experience.
Viva la pips!
Sign Up For A Free ZuluTrade Account
