Zulutrade is one of the biggest mirror trading forex platforms in the world. On it, investors can follow signal providers, and signal providers can earn commissions from signals.
Visit Zulutrade’s official website to learn more.
Zulu Trade Overview
Zulutrade is considered a sophisticated, forex single provider. The company handles an account network that helps the very best dealers trade signals to get automatically traded in the broker’s account, free of charge. Founded in 2006, the company fills the gap between essential data in money markets. It completes the deal using advice from some of the most skilled expert traders worldwide, increasing the speed of its execution. This way of dealing with forex could be considered the Holy Grail everyone searches for. ZuluTrade isn’t a traditional forex broker. Directly, it is linked only with the Aaafx forex broker, but most major world forex brokers offer Zulutrade as an auto trading platform for traders.
Zulutrade is a signal provider autotrading platform with excellently presented trading statistics. The basic system overview is simple: good traders trade, the system sorts and ranks top traders, and investors follow top traders’ trades. See image:
In this video, we can see basic information about Zulutrade:
ZuluTrade’s trademarked technology is deemed the best choice for dealers intending to learn trading in a calm style. Expert traders who show their dealing system and create a customer base help make this possible. There are millions of providers to pick from, each of whom can provide an in-depth track record.
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How does ZuluTrade work?
Setting up an account with ZuluTrade is pretty straightforward. This company provides a display account. An existing deal account is required with the help and assistance of brokers. The user has to fill out an application form and then fax it to ZuluTrade, which will take about 1 day to process. You can open an account at AAAFx Zulutrade Forex Broker, and your account will be automatically connected with the Zulutrade account without any documents or delay. Regular lots and mini lots may also be traded. The withdrawal of the revenue is organized naturally with the help of a broker and not through ZuluTrade. ZuluTrade is just a system that backlinks users to standard trade signals. The website can be effortlessly navigated. The providers’ database can be brought up effortlessly to get a provider who has the best percentage of winning deals, average pips gained for every deal, the overall number of people subscribed, massive drawdown, and the number of weeks. There’s no way these providers can use it to correct their trade history, as every deal is audited.
Below, you can see the Zulutrade Tutorial.
In this video below, we will see how to follow a trader using Zulutrade:
Now we can learn how to browse the investor’s page:
How to create a demo account we can see in the video below:
Then, if you are ready for signals, you can see how to create an actual account video:
Now, we will see how to choose the right signal provider. If you want to choose a perfect signal provider, you need to learn how to use an Advanced search filter on Zulutrade:
Here you can see Zulu trade’s top signal providers:
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Apart is known as “Mt Account,” which enables the user to handle the chosen service providers and consider all deals. The company also has a trade designated “Margin O Meter” that states how margin calls must be avoided by reducing the number of deals a signal takes at a single try and the number of lots of every trade. The user can see the deals in their account and can close them personally whenever they want. ZuluTrade’s service is highly recommended to those who would like to improve their forex income and would like somebody else’s help to deal with it.
Everything about this service is easy and quick to understand. You’ll find an explanation of every service on the site. Customer service is offered by email, 24-hour instant messenger, and telephone. It’s pretty entertaining looking at millions of providers to pick the ideal one.
How do you find an excellent signal provider?
My advice is to use the advanced search. We are looking for the top 100 providers with low drawdowns.
So, how can you make money using ZuluTrade?
First, you have to open a ZuluTrade account. Then, you can choose forex brokers at ZuluTrade, like Aaafx or avafx. Then, you link your Forex broker account with ZuluTrade. All professional signals will go to your ZuluTrade account and your real account.
See how I made tons of Forex pips from the Zulutrade signal provider:
This image was made a few months ago. Now, you can find much better signal providers. Anyway, you can open a ZuluTrade free account, try and test for a few months, and then connect with your real MetaTrader account. I suggest you see the Zulutrade brokers list and sign up for a Zulutrade live. The most popular are Zulutrade Alpari and FXCM ZuluTrade forex brokers, but all brokers on the list are welcome. Pick a broker with a low spread and signal providers that don’t scalp with a high stop-loss reward ratio.
Is Zulutrade a scam? :
Zulutrade service is not a scam because the platform and service are excellent. Zulutrade is a free platform that only charges a commission per copied trade. However, the ranking system is based on profitability and ranks higher traders that overtrade. Very often, overtrading leads to a considerable drawdown.
Traders often pick signal providers at the top of the ranking list. They have excellent results for a few months and then lose all their money. So what I problem :
New traders need to watch to pick traders with low drawdowns. It must be less than 2. If the trader risks 200 or 300 pips to earn 15 or 20 pips, this signal provider can not be good. Maybe current statistical data shows top ranking, but future performance will be terrible. You can see very often signal providers that risk too much. Sometimes, they lose trade for several months, and traders lose money. So watch how traders trade. If traders risk 200 pips and earn 400 pips per trade, that is good, but if they earn 15 pips and risk too much – this is not good.
Making money isn’t easy.
Like in every job, making money only might look easy, but it never is. It is easy to trade, that’s for sure. It’s easier than pushing weights, but you need to do more to make money. You won’t find anybody you can trust to tell you that you don’t need to do a thing to make money. You don’t want to gamble. It is essential to know what you are doing.
When picking a trader to follow, make sure to know a few things about them, like that they have a good and clear history, are serious about what they do, and are not doing crazy things.
This is just an introduction to Zulu and not a place to teach you how to trade, but we can give you a tip about taking all the precautionary measures before placing your money at risk. Make sure to spend time with the demo account first, and then make sure you are aware of the risk, especially in the first (couple) of months. We are not saying you will have a negative balance in the first month(s), but it might happen. If it does, use it to learn from (possible) mistakes. You will do that by writing down what an action is and the direct result.
Zulutrade Binary Options
“Binary options” have become a prevalent financial instrument, constantly recording constant growth. Its growth results from the fact that it seems easy to win big money quickly. The way “binary options” have been set enables such an event, but it rarely happens in reality. The reason for the lack of instant success is greed, and whenever a beginner wins instant money, they usually don’t realize that the next move might be disastrous, and it usually is.
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Zulu helps in a way that provides actual help, but not somebody recommended it. Zulu allows you to pick your signal provider. Signal providers are traders who do things for themselves to get as much as possible from the forex market or binary options. They are not somebody who gives you “advice” and charges you a fee for their effort, regardless of what they do to help.
Zulu helps you pick a trader whom you can follow. Zulu has an algorithm that ranks traders based on their performances. You can filter out what values you prefer, for example, a good streak someone has, a certain percentage of winnings, and so on. The tip aims for steady traders who do well over a year rather than somebody who does excellent for a week. Having an extremely high percentage of success in a short period is a signal to slow down, so if somebody has such success, it usually means that you don’t need them for the next moves.
How to become a Zulutrade signal provider?
When you establish yourself as a trader, you can sign up and begin with selling signals. If you are good at it, you will be noticed and gain more followers. That’s the way to get trades and a fee from those trades.
You can open several accounts for the following traders. That way, you can more easily follow their performance and success. You will notice that some of the “traders” are just shooting blanks, so you will soon see that there are no real traders whose work is worth following. When you start earning – which doesn’t have to happen immediately – don’t be disappointed if your monthly returns are one or two percent. You should know that you have made it if your account grows each month.
Tracking your success
Besides visiting Zulu’s website, you can have daily and weekly reports directly to your email. A warning email also alerts you if/when your followed trader changes their behavior. For example, if their typical day of trading gets suspiciously dangerous, like – they open way more trades, you are alerted. These alerts are just that: you need to step in and change something you feel needs to be changed. That is different from settings where you can stop following somebody if they do this.
You can also check your history and analyze how well you do by following somebody and what your mistakes are. You can see what sort of traders got you money, what sort of traders you followed took it away from you, and how your reactions to the followed traders’ changes resulted. You can see in your history if you should be more detailed about this or that. It requires scrutiny to do these analytics, but that’s a characteristic of a successful person in any job.
Visit Zulutrade’s official website to learn more.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
