Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
more than 100
up to -%
$300
$10
At ZuluTrade, there are many traders who play a signal provider, where their trading decisions can be duplicated by "Follower". Follower at ZuluTrade is also a forex trader, but they are not working as a signal provider, but rather a signal user. So, in the ZuluTrade system there are 3 main components:
Follower: Trader using the Provider signal
Forex Broker: A broker who provides access to the ZuluTrade platform
ZuluTrade integrates and integrates these three components thus forming an auto trade system with peer-to-peer.
In conjunction with forex broker, ZuluTrade builds affiliates with various brokers worldwide. Any forex broker connected to the ZuluTrade system can provide access to all its clients to register and participate in the social trading platform. On the other hand, ZuluTrade can link all Trader and Follower from any broker affiliated with it. Thus, the communication network between traders is vast because it is not limited to one broker only.
In ZuluTrade, there are many traders of any kind of ZuluTrade Use?
As a lender of three components, ZuluTrade provides a variety of services to forex traders, among others:
1. Provide trading signal (open, close, SL / TP modification) supplied by hundreds of thousands of traders from around the world and various brokers.
2. Classify Trader's performance. Through the ZuluRank feature, ZuluTrade ranks the performance of trading signal providers to facilitate Follower to determine the ideal Trader.
3. Provide facilities to know Trader's profile and detail in a complete, systematic, and transparent manner.
5. Simulate trading results from Trader's signals. This program is provided for Follower to do some kind of backtest on Trader's signals. ZuluTrade Simulation provides graphical information generated from Trader's statistics comparison with Follower trading parameters.
6. Providing alerts when Trader performance shows significant changes that could endanger the survival of Follower trading. This feature is referred to as ZuluGuard.
7. Automatically execute every trading to broker platform, based on the signal obtained from Trader.
8. Become a place to gather traders to discuss important strategies and moments in price movements. ZuluTrade has a real-time chart that can be commented on real-time and at the same time as a discussion forum for its members.
Strategy Using ZuluTrade
Regardless of the above advantages, using ZuluTrade still requires a strategy if you want to ensure smoothness and profitability. In contrast to trading strategies that are generally applied to seek opportunities, ZuluTrade's strategy of use includes:
At ZuluTrade there are hundreds of thousands of Trader who contribute as a signal provider. But of course not all are professional traders who are reliable and worthy to follow. The cleverness and expertise in choosing this signal provider will determine your success in ZuluTrade. To find out exactly how to choose Trader ZuluTrade, please visit the article How to choose a signal provider in ZuluTrade.
There are dozens of forex brokers connected with the ZuluTrade system. Each broker has the privileges and disadvantages that need to be examined carefully. In relation to ZuluTrade, the main consideration in choosing a broker is a small slippage pip. This will be very influential if you follow the signal from the provider whose trading method needs a small pip range. How to find out ZuluTrade ZuluTrade slippage and what other important tips to consider in this strategy can be found in the article Select a broker in ZuluTrade.
Although trading transactions occur automatically based on Trader's signals, you have full control over money management settings. ZuluTrade already provides this setup facility, and you can specify its own size. More information on these methods can be found in the Strategy articles and tricks to win in ZuluTrade.
Final Thoughts – How To Make Money With ZuluTrade
ZuluTrade have made some massive improvements in recent years, and overall you have to say that this is potentially a very profitable service for both signal providers and subscribers.
However I can’t emphasise enough how important it is to fully analyze the trading records and statistics of every single trader before you subscribe to their signals.
You cannot simply subscribe to the 10 highest ranked traders and expect to make amazing returns because many of these highly ranked providers will crash and burn at some point, and incur huge losses in the process because they are using risky strategies.
Ideally you want to find those providers that are making steady profits month after month without taking crazy risks. It’s also a good idea to subscribe to those people who are trading their own signals using their own capital (as opposed to a demo account) because they are obviously putting their own money on the line.
You want to avoid those traders who look to make small profits from each trade, but use really wide stop losses, because these are doomed to failure in the long run.
An alternative strategy is to reverse trade some of these traders, or scan through the site to find the worst traders you can in order to generate some decent returns if and when they start losing money.
Anyway if you would like to sign up to ZuluTrade and give it a try, you can either open a live trading account or practice on a free demo account using pretend money.
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