Zulutrade Review Case Study – Zulutrade Bad Reviews

by Fxigor

”
Why traders lose money on Zulutrade? If you start to monitor Zulutrade followers, you will see that more than 95% of all Zulutrade signal followers lose money. Like in the stock market and the forex market, 95% of all traders are losers. The reason is greed and bad money management. So Is the forex Zulutrade signal provider scam? No ZuluTrade is excellent, but traders must know to watch and pick. First, please see our Zulutrade review.

How does ZuluTrade work?
Zulutrade is a mirror platform that works based on two sides. On one side are traders that trade using their own live or demo account using the broker’s platform, and they earn a small commission per each copied trade. On the second side, copy, traders can copy trades from providers.

Now I will give you an example of how people lose money in the Zulutrade platform, and signal providers have perfect statistics :
I will not show the signal provider username because I don’t hate this guy, he is doing this to earn money, and he is trying to keep perfect statistics.

This signal provider trades :
– max 2-4 trader per time
– he has a 1:1 risk/reward ratio
– max negative balance per trade (trade position drawdown) is 100 pips
– he follows the trend
He is excellent!

But here what he does (like other signal providers) :

See, in July, he has terrible results. He opened several trades and lost positions in a row. See trades :

No trader wants to recover all losses, and he will do this: He will open several trades in a row without stop loss and try to earn profit and several pips and to recover excellent monthly results. So if Zulutrade signal provider lost 450 pips in two days (like profit from last 2 months), he would try to earn more than 450 pips in one day. Now he will open many positions (some traders open 15 or 30 positions), and he will try to recover losses (for example, 15 positions with 30 pips profit).

He will succeed in 80% of situations. If he loses the money, he will close the account and open a new one, or if he makes success, he will have every month profit, worst trade below 100 pips, and perfect statistics.

So what do you need to do if you want to earn money on Zulutrade :
1) Invest 5% of your balance if you have $1000, then you can risk $50 per trade. So if the worst trade for some trader is 100 pips, you can trade with micro lots, and max open positions can be 5 (so you can risk 5 positions and $10 per each position). You can trade with mini lots, but you will need $2000 for 1 mini lot open position. This rule 95% of all traders don’t follow.
2. Choose traders who have a good risk-reward ratio. Signal providers need to trade at least 6 months before you start to follow them.
3. Pick a max of 2 open positions per trader when you pick signal providers and a max of 2 positions per trade, then go to settings and pick: BACK TEST option. Make a backtest for 6 months and see the chart for each trader. The trader who uses this kind of scam (multiple open trades to recover losing positions) will have bad results because you choose only 2 open trades per position.

The perfect signal provider is:
– max two open trading position in the moment
– the average risk is smaller than the average profit (if the average risk is 50 pips than the average profit must be more than 50 pips)
– for USD currency pairs, stop loss should be 25 pips for 25 pips profit or 50 pips risk for 50 pips profit, etc. Risk should be 25% to 50% of daily average true range ATR (if EURUSD volatility is 100 pips per day from lowest low to highest high, then 25% is 25 pips and 50% is 50 pips).
– watch price action and Fib. and important levels
– when a signal trader has several losing positions in a row, he needs to be a steady trader. He does not open several positions in a row.

This is it.

About Zulutrade accounts
The Demo Account (DA)
If you’re not confident that Zulutrade offers a good trader around the globe, you may open the demo account 1st. You may observe the performance, as well as pursue them by virtual money openly. If it looks profited from your account, in that case, you may register with obtainable brokers to deal with the real money as well as begin to produce your portfolio.

Zulutrade Live Account Brokers
The ZuluTrade is believed by several forex popular brokers like Saxo, Alpari, Interactive Brokers, FXCM, etc. This showed that such a platform provides a big deal for several forex traders. Nevertheless, I suggested you register with AAAFX broker, as there’s no monthly membership and no commission as well. AAAFX provides a totally gratis to use the forex signal by ZuluTrade, which you must pay only the standard price for the brokerage. This occurs because the Zulutrade innovative broker is the AAAFX. However, you wish to open this with another obtainable broker, that is fine. You may do this, but keep in mind that there are extra charges for that. Only make sure that you open this with the broker, which you can believe. Whereas using the AAAFX, I’d a good time with the client service and most highly I by no means a handsome problem in withdrawal and deposit wire to a bank account.
Therefore, that is a Zulutrade review. Do you willing to carelessly trading whereas learning from great traders around the globe? You should visit the website: www.zulutrade.com today.

Zulutrade advantages: Zulutrade platform offers fast execution, you can make a speedy sign, and you can connect your trading account in a second. You do not need to buy VPS, install scripts and expert advisors – everything is prepared for you.

Zulutrade disadvantages: I wouldn’t say I like Zulutrade servers in the last few months. Some traders create excellent trades, but a lot of signals do not appear. I, as a trader, see very often in my Zulutrade account message, “This trade has not been sent to any ZuluTrade followers because the signal provider account was disconnected when it was opened.”.This is not a problem with my Metatrader platform or my private VPS – it is a problem because Zulutrade servers overload. I know – it is not easy to accept too many Zulutrade users. I hope that this will be better in the future.

As every coin has two sides, let’s mention here that there are thousands of signal providers, it is thus harder to pick the right one. The good thing about that is that you can pick either good ones or lousy ones to oppose what they do, but still, you need to comb a lot to narrow down your candidates. To find the one that will best suit – not only your successful trades – your profitable trades is harder than it might appear at first sight. You can narrow down successful ones, but you need to find the one that is adjustable to your money and settings. That might also take some time for you to see what strategy of yours fits with someone’s good moves.

A risky thing for you is when you follow a risky trader that makes good hits and suffers greater losses. Now, the good thing is that you can set alerts to inform you, even on your phone or tablet, but if you did not set up a stop loss, you must react manually and promptly. Caution is required for another thing, and that is the fact that anyone can be a signal provider, even you and even though you might be a beginner. That also means that there might be another “you” who isn’t sure what to do.

The main problem might be the fact that you can send signals without trading with your money. That means that someone can do crazy things without risking real money, so don’t fall for that. Pick those with good history (and long history)
You can benefit a lot from Zulu’s way, but you need to educate yourself, roll up your sleeves, and find a perfect match.
How much money should you invest?
Here are some quick tips. If you wish to follow several traders simultaneously, you should try to have about $600 for every mini lot open. See how that works with a demo account, which is a free trial.
It’s not actually that only the demo account is free, but everything else is as well. Of course, you need money to invest in, but Zulu won’t charge you any fees. You can see everything that goes on at your account, and at “settings,” you can set open lots, you can add new traders, or dismiss the existing ones.
”

Customer support
One of the best proofs that Zulutrade is not a scam is excellent 24 hours per day online chat support. You can call or send an email. There are several languages that you can contact the support team on. If you want to ask something simple, you can call, many reports show that someone always picks up the phone, and for email, it is regular – within 24 hours, you get your reply. If your more complex questions, maybe you can give more details in an email. Both have proven to be the best way to get things sorted out, not just with Zulu, but with every company; you can send an email and call.
If you are a signal provider, sometimes you can wait a couple of months for payment, but payment will come.

Open Zulutrade account and receive free forex and binary options signals

Zulutrade Review – Zulu Forex Signals

by Fxigor

Zulutrade is one of the biggest mirror trading forex platforms in the world where investors can follow signal providers, and signal providers can earn commissions from signals.

Visit Zulutrade’s official website and 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 the advice from some of the most skilled expert traders worldwide, increasing the speed it’s executed. This way of dealing with forex could be considered as the Holy Grail that everyone searches for. Obviously, ZuluTrade isn’t a traditional forex broker. Directly is linked only with 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, system sort, and rank 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 make a customer base help make this possible. There are virtually millions of providers to pick from, each of whom can provide an in-depth track record.
”

How does ZuluTrade work?

Setting up an account with ZuluTrade is pretty easy. 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 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 the user to the normal 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 gain for every deal, the overall number of people subscribed, massive drawdown, and the number of weeks. There’s no other way that these providers can use it to correct their trade history as every deal is audited.

Below you can see 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 a real 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 Zulutrade top signal providers:

”

Apart is known as “Mt Account,” which enables the user to handle the chosen service providers and get all deals taken into account. The company also has a trade designated as “Margin O Meter” that states how margin calls must be avoided by reducing the number of deals that 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 all those who would like to improve their forex income and would likewise like the help of somebody else to deal on their behalf.

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 e-mail, 24 hour instant messenger, and telephone. It’s pretty entertaining looking at millions of providers to pick the ideal one.
How to find an excellent signal provider?
My advice is to use the advanced search. Looking for top 100 providers with low drawdown.

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 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 a few months and then connect with your real MetaTrader account. I suggest you see the Zulutrade brokers list and to make Zulutrade live signup. Most popular are Zulutrade Alpari and FXCM ZuluTrade forex brokers, but all brokers on the list are welcome. Try to pick a broker with low spread and signal providers which 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, only charges a commission per copied trade. However, the ranking system is based on profitability and rank higher traders that overtrade. Very often, overtrading leads to a huge drawdown.

Very often, traders pick signal providers that are on the top of the ranking list. They have an excellent result for a few months and then lose all money. So what I problem :
New traders need to watch to pick traders with low drawdown. It must be less than 2Ifn if the trader risk 200 or 300 pips to earn 15 pips or 20 pips; this signal provider can not be good. Maby current statistical data shows top-ranking, but future performance will be terrible. You can see very often signal providers that risk too much. Sometimes keep losing 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 he earns 15 pips and risks too much – this is not good.
For example, you have a signal provider that is not ranked so good as Onlysafeprofit. In the future, this strategy can be excellent.

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. Easier than to push weights, but to make money, you need to do more. You won’t find anybody whom 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 important to know what you are doing.
For picking a trader to follow, make sure to know a few things about them, like, that they have a good and clear history, that they are serious about what they do, and that they 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 to take all the percussion measures before placing your money at risk. Make sure first to spend time with the demo account, and then make sure that you are aware of the risk, especially in the first (couple) of months. We are not saying that 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. That you will do by writing down what an action is and what a direct result to that is.

Zulutrade Binary Options
“Binary options” has become a prevalent financial instrument, and it has constantly been recording constant growth. Its growth is the result of the fact that it seems easy to win big money in quite a short time. Actually, the way “binary options” has been set does indeed enable such an event, but it rarely happens in reality. The reason for 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.
”

Zulu helps in a way that it provides actual help, but not somebody recommended. Zulu allows you to pick your own 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 give you “advice” and charge you a fee for their effort, regardless of what they really 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 of time is a signal to slow down, so if there is somebody with such a 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 will gain more and 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 they are no real traders whose work is even worth following. When you start earning – which doesn’t have to happen immediately – don’t be disappointed if your returns are one or two percent per month. You should know that you have made it if you see your account grow each month.

Tracking your success
Besides visiting Zulu’s website, you can have daily and weekly reports directly to your email. There is also a warning email that alerts you if/when your followed trader changes his/her behavior. For example, if their typical day of trading gets suspiciously dangerous, like – they open way more trades, you are alerted. These sorts of alerts are just that, and you need to step in and change something you feel needs to be changed. That is different from settings that you can make to stop the following somebody if they do this.
You can also check your history and analyze how well you do by the following somebody, what are your mistakes. You can see what sort of traders got you money, what sort of traders you followed took it away from you, how your reactions to the changes the followed traders had made 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 and learn more.

Collective2 Review – C2 Forex Vs. Zulutrade

by Fxigor

“In this article, we will try to compare the two most important Social Forex trading platforms – Collective2 vs. Zulutrade. A few years ago, we wrote a text about the Zulutrade platform, but now we need to compare it with Collective2.

Collective2 Review

Collective2 Social Forex Trading Signals Platform

Collective2 or C2 forex platform is a mirror trading or automated signal trading platform where traders from the automated-trading community share algorithms and results.

Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to say, it’s quite a reputed platform that has more than 19,000 active traders, and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year 2001. The founder of the Collective2 or C2 platform is none other than Matthew Klein, who is quite famous and eminent in the retail algorithmic trading space arena.

This platform also works on the same principle as other available social investment networks like ZuluTrade and Etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

Opening a trading account with C2 is a straightforward and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on these broker partners’ scheme, you may be offered lucrative incentives from time to time. But, please keep in mind that the broker partners solely provide these incentives. The C2 platform itself doesn’t offer any incentives to the clients for opening trading accounts.

Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market, UK, US, and Asia.

To ensure adequate gain and profit, it’s essential to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need first to create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found the right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers must also pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.

Is there a mobile trading option for Collective2?

As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.

C2 Forex Help and support

You can contact the company by dialing the helpline number, i.e., 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team, i.e., help@collective2.com.

Collective2 vs. Zulutrade
Before we analyze in detail these two platforms, see the main facts :

And Collective2 and Zulutrade connect the broker’s account with managers’ accounts and offers signals to traders (investors).
Zulutrade is free. They charge using spreads in the brokerage account.
Collective2 costs around $100 (standard) flat monthly fee.
Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
Using Zulutrade, traders can receive an unlimited number of signal providers but using Collective2, only a few. Zulutrade vs. mirror trader Collective2 has the advantage.
Collective2 traders have an average drawdown below 10%. Zulutrade providers have a huge drawdown and do not care enough about money management.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders, which was the initial idea of Leon and Kosta in 2007. Within two years, Zulutrade had gained popularity, and people could mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features. By then, it had 120 employees who were a good start. Additionally, they entered into a significant partnership with the Spot option. In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

Zulu trade offers you one of the lowest deposits. The minimum amount you can deposit is $1.It is convenient if you are a newbie, right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough to use the platform.

Spreads And Commission

When you trade using the platform, you will realize a normal spread that you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade you make using the platform.

Buying and selling price differences between the traders, especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings, but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged, but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy the strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks, and other commodities like oil.

Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers, of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal, this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation of the chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts that will enable you to execute more than one trade.

If you require a signal provider, you can use Zulu rank calculation based on the age of the signal provider, sharp ratio, trade activity, and frequency of trader logs.

Zulu Trade Vs. Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide, which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone, and Windows apps. You can download from any version of the operating system, and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account, you will be presented with two options to choose from:

-Classic- If you are a pro, this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit the Zulutrade page, you can access the demo account. All you need to do is enter the required details, and you are set to start learning from the advanced traders. When you have grasped adequate trading skills, you can choose to open a live account.

How To Become A Signal Provider

Everyone yearns to become a signal provider because if you have many followers, you will earn significant commissions. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulutrade. This includes a profit calculator, margin calculator, economic calculator, and you have access to news.

Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior, and if possible, it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed, and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment on signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account; hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management

Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries, but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly, and you can take your time from coping with others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison, Collective2 vs. Zulutrade, we saw good and bad things. My personal opinion that if you are a forex trader and you need a signal, you can find a few interesting on Zulutrade for free. IF you are a stock or futures trader – try Collective2. My recommendation is always to see the average monthly return and what is maxed drawdown and then figure out if some system is suitable or not for you.

Visit Zulutrade and start to copy trades for free!

Zulutrade Mirror Trading

by Fxigor

As everything has both positive and negative aspects, similarly automated trading systems have some drawbacks too. Although such automated systems have got great popularity amongst forex traders, they still do have some disadvantages. In this article, we will discuss those disadvantages of automated trading systems.

I’ve read a lot about the automated trading system, but don’t work till now. This system has much significant secret logic, through which it makes decisions and design strategies. I can say that manual trading is more successful than automated trading. An individual loses all his money ad profit too, as the system is not updated all the time. The main drawback of this is that the system is not updated, and an individual doesn’t know whether it’s the right time to gain profit or lose money. As mentioned earlier, the computer plainly doesn’t have the ability to read the human mind; that’s why they cannot detect the devised method applied according to dynamically changing situations with the forex business. Still, all the traders might not entirely agree with the situation.

What is Zulutrade Mirror trading?

Zulutrade Mirror trading represents a platform that allows traders to mimic (copy trades simultaneously and close at the same time ) others by implementing the same trades that others do in the trader’s own account. Mirror trading is an acceptable alternative for traders and investors in the last several years as investors can rank traders by performance, drawdown, dozens of criteria and pick the best of them to invest money in their strategy.

See an example of signal Zulutrade mirror trading:

Another problem with the automated system is that the expert or computer cannot detect the handling error as the event appropriately.
Therefore, after revealing all these disadvantages, I would suggest this business is a waste of time and money until you become an expert as it’s a popular tool. Automated forex trading is also not without its flaws. If you are using it, then make the best decision based largely on your intuition and experience.

Mirror trading is similar to auto trading but instead expert systems, software, and scripts – other forex traders trade for you instead. You only receive signals.

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Visit Zulutrade’s official website and learn more.

Visit Zulutrade’s official website and learn more.

Collective2 Review

Zulutrade Review

Visit Zulutrade and start to copy trades for free!

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