Tips For Finding The Best Signal Providers On Zulutrade

Here are some tips for finding the best signal providers on Zulutrade. Don’t follow any of the signal providers until you have read to the end!

Not all signal providers on Zulutrade are created equal so please do your homework before putting money on the table to follow their trades. Done properly, you can be very profitable trading automatically since Zulutrade provide the link up to your broker and the signal providers on their platform and all trades opening and closures are taken care of.

Do you know that there are quite a fair bit of signal providers on Zulutrade who are actually trading and providing signals with demo accounts?
What do you think is the financial risk that these traders are taking? However, having said this, there are signal providers trading with live accounts who take big risk too so…

Make sure you check out each signal provider carefully and read about their strategies and check on their history. Zulutrade provide the whole history of the trades the traders from the day they started so you can actually go back a long way.

Lots of information can be found on the Signal Provider profile such as:

  • What is their average winning pips?
  • Maximum drawdown
  • Worst trade
  • Best trade
  • Average trade time
  • Has live followers?
  • How many positions are open for the same currency pair at the same time?
  • How many open positions with floating loss? Some traders place very big stop loss level in order to keep those positions open while waiting for the currency pair to turn around so that they close those open trades in profit or break even.
  • There are restrictions on the number of trades a demo trader can open at market and pending orders though. Anything more than the allowed limit with not be broadcast to followers. However, these restrictions does not apply to those traders trading live account.
  • Which broker are they using?
  • Are they trading with an EA?
  • What kind of account are they using to provide their trading signals?
  • There is also a column below the signal provider statistics on the left hand side “Also Known As”.  Some signal providers may have created  new name/s after their previous account/s has been hit with massive loss and they don’t want it to show up as it may not be that good for their “reputation as a good trader”.

The list goes on and information are readily available for you. Don’t ignore them, a little bit of homework at the beginning can go a long way and will benefit you in the long run. If you ignore that then you are partly to blame if some things didn’t go as planned when you follow some of the signal providers.

There are signal providers on Zulutrade who trade with martingale or grid system with no stop loss. They may have big account with enough margin to support their trades but you as a follower may not! Margin call can close out all your trades before it closes or never close the traders of the signal provider that you are following.

It’s really painful for me to see followers comments on some of traders profile about how dangerous and mindless their trades were, how their profit of weeks or months were wiped out by just a few trades.

 

Do an advanced search for traders when you are at Zulutrade.com. It can be selected after you have selected “Traders” from the menu

 

You will then see the next screen that will look like the picture below.

You can select on what you want displayed.

Hovering over the symbols will result in a small pop up window telling you what is the symbol all about. Those symbols can also be found to each individual signal provider on their page or within the small display window when you are at the traders page.

Search For The Best Signal Providers On Zulutrade Today

 

Better explanation of each symbol

Search For The Best Signal Providers on Zulutrade Today

 

Hope my tips for finding the Best Signal Providers on Zulutrade is helpful. It’s your own search criteria that will filter out what you are looking for. Not everyone has the same risk appetite and no two person are the same.

Important is, you have to feel good about your choice, after all, there’s no one breathing down your neck and saying “pick me, pick me”.

Good luck and safe trading!

 

Share Button

Is Following Traders On Zulutrade Risky?

Is following traders on Zulutrade risky? This article is meant for both newcomers and experienced investors in Zulutrade. There could be some things that you were never aware of.

Back to the risk factor, following traders on Zulutrade is not any riskier compared to other platforms where follow trade and auto trade take place. Everything comes with risk, it’s a matter of how you manage your risk.

  • It’s risky if you don’t know what you are doing and following.
  • No, it’s not risky and limited if you know what you are doing and which signal provider to follow.

So How Risky Is It To Follow Traders on Zulutrade?

Lets get some facts straighten out and you judge for yourself.

Do you know that many signal providers are trading with Demo Account on Zulutrade? Maybe you do, maybe you don’t.  You decide if you want to risk your money in your live account to follow those them.

Of course there are traders that trade using their live account, you just have to look out and see which one are they. However, this doesn’t mean that following the signal providers who are trading with their own money is not any riskier. It all depends on the trading strategies used too

There are definitely rewards for following traders on Zulutrade, if you do your own study with due diligence.

I believe there maybe many followers that Don’t! They see the first few top ranked traders with good returns and they just put their money on them and go with the flow. All is fine when you are gaining but not when you are losing!

We have put together a list of tips for finding the best signal providers on Zulutrade for you. Go to that page and read more about it and check it out for yourselves if you are planning to follow any of the signal providers there.

Tips For Finding The Best Signal Providers On Zulutrade

So Is Following Traders On Zulutrade Risky?

I have stated some facts above and in the end you have to decide for yourself, if you should invest by following traders on Zulutrade. If you are thinking about it, highly recommended that you try out Zulutrade demo first to see how it works before you invest any real money in.

Zulutrade do have excellent live support and I am sure they will be able to answer your question reasonably well.

The choice is yours, if you don’t like the answers you are getting and don’t like what you are seeing, Don’t Follow any of the traders on Zulutrade! Period.

Good luck and safe trading.

Tips For Finding The Best Signal Providers On Zulutrade

Share Button

What Is Forex Copy Trade?

Copy trading is another form of automated Forex trading has been around for some time already but for those who are not aware of its existence, then it is something completely new. Forex copy trade practically allows those who doesn’t have any knowledge in Forex trading to copy the trade of experienced traders and reap the rewards or perish together.

Well, I maybe exaggerating a little when I said perish together but mark my words, it can happen to you if you don’t know what you are doing and just copy traders blindly.

There are many names associated with Forex copy trade. Some call it copy trade, mirror trade, follow trade, peer-to-peer trading, social trading and possibly other names that I am not aware of at this point in time.
Some go into details comparing how different are they from each other. In my opinion, they are all similar and differ from platform to platform in terms of settings on how you copy the traders and how you set your parameters to follow the traders on those platforms.

 

The Basics of Forex Copy Trade

What copy trade in Forex does is that it allows you to automatically copy traders that you feel has the experience to help you trade Forex profitably without you actually getting into the act of trading yourself. To follow the traders that you have selected, you can choose a certain percentage of money in your account or the lot size and also maximum number of lots to follow those traders. If the trader win, you win. If the trader lose, you lose.

This is just a basic explanation on how the copying process and there is more to it because different Forex copy trade platform has their own settings and work in different ways. You will have to check out those platforms to get accustomed to the parameter settings.

Also, It’s not a matter of just following the top traders and you sit back and relax and watch the money roll in. If that’s what you think, dream on! It’s not an overnight get rich quick scheme and will take some time for you to learn the ropes and find which traders are best to copy and which ones are best left alone.

Some of those traders have very big drawdowns. If you don’t know what you are doing and don’t monitor your account, your account can also be wiped out automatically by copying them!

Before you put your hard earned money in and start copying, most if not all of these copy trade platform offer free demo account for a period of time.
So by all means, please go and give it a try before you put in real money. A demo account is a good way to familiarize yourself on how the platform functions and the parameter settings. Pick a few traders that fit your profile and copy their trade in demo to check on their performance.

If you are not comfortable with your demo test of copying trade and find it difficult to profit maybe it’s not cup of tea. However, if you think it’s going to work for, keep testing out in demo till you get a real hang of it. Although some of these platform offer free demo for only a month, there are ways to get around that by opening up more demo when the current one expires.

Note:

  • Not all traders on those platforms who top the charts are necessary the best traders to follow. There are certain statistics that you need to look out for and scrutinize before you start copying them. Look at them and take everything into consideration. Not all of them are necessarily trading with real money too, some of them are just using demo account.

 

So Does Forex Copy Trade Work?

The answer is yes and no. You can be very profitable doing just Forex copy trade and not doing the actual trading yourself. However, you have to be picky and know who you pick to follow.
You could be doomed if you don’t know what you are doing and picked the wrong traders to follow. I believe this is the 3rd time I am repeating myself about this so this should serve as enough advance warning for those who are venturing into the Forex copy trade arena for the first time.

If you are looking for some platform where you want to experiment with Forex copy trades, one of the most popular and transparent is Zulutrade. Will be writing more about these copy trades in other articles so keep a look out for them if you are interested in know more.

Good luck and Safe Trading!

Share Button
Disclaimer || Privacy Policy
If I create a link to a product in a review, sometimes I may get paid a commission if a visitor to my site purchases the product.