ZuluTrade
ZuluTrade is a platform of FOREX trading that has been automated for users on which one may follow the very finest traders in the world. In essence, what ZuluTrade does is to enable you to administer your own personal FOREX trading portfolio. However, you are the one who will control which of the myriad of signal vendors you will trade. What this means is that you do not have to trade anything yourself. You will, however, choose what you believe is the best signal service, and from there you will with anticipation watch them provide you with hefty profits all done automatically.
ZuluTrade’s headquarter is on Wall Street, in New York City, and they have additional offices in Greece as well as in Hong Kong. Undoubtedly they chose those sites for their strength in the FOREX market.
ZuluTrade espouses the following advantages:
- Real time audits of trading accounts
- Real time execution
- Safety of funds
- Privacy
- Diversity
Cost Of The Service
Joining Zulu Trade is completely free, and the only cost you will incur is of course in the spread. Hopefully if you choose your signal companies shrewdly you will be making vigorous earnings thus the small charge will not affect you at all.
Two Ways To Sign Up
You can open with a demonstration account, which allows you to practice trading with a fictional balance consisting of $50,000. It is not scam from ZuluTrade
You may also decide to connect with any one of their recommended/suggested brokers to open a live account with actual cash and start trading.
No matter which way you go, you will of course need to choose which particular signal vendors you are inclined to trade. Your choice will of course be founded upon the overall performance data that ZuluTrade will offer you. You will also be the one to choose the size of your stake. Then it’s just a matter of eagerly watching the results of ZuluTrade.
Criteria For Choosing A Vendor
Should you use all of the following criteria, never giving more importance to one or the other, your chances of profits through ZuluTrade are enhanced. Choose a vendor, via a highly detailed performance analysis with regard to:
- Performance – Take into account the percentage of trades that show profit.
- Safety – Take into account weak draw downs.
- Popularity – Take into account the number of users.
- Seniority – Take into account at least 10 weeks of trading.
Some have also decided that the criteria of speed as well as effectiveness also be added, but that is a personal criteria. For this you take into account the speed of reaction to foreign market indicia.
One of the most interesting applications of ZuluTrade is that one may choose instead of successful signal vendors, those who have been performing the worst. This enables you to reverse trade them. That means that if they state it is time to buy, you will sell, and vice versa! You can check out all Signal Providers here.
Please feel free to write a ZuluTrade review by leaving a comment here.
Hi, a couple of thoughts on the criteria for choosing signal providers. I strongly agree with length of time as a key factor. Also I think good average pips per trade is important. Finally make sure you set a stop-loss to protect your account.
After choosing Signal Providers be careful of the settings you set for them. Money management is necessary. You need to manage your money.
I am trading on zulutrade’s platform and my live account is in AAAFX. They charge me no commission for trading with zulu.