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.
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 account of the broker, free of charge. Founded in 2006, the company fills the gap between essential data in money markets and completes the deal using the advice from some of the most skilled expert traders all over the world, 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 mostly all major world forex brokers offer Zulutrade as an auto trading platform for traders.
Zulutrade is signal provider autotrading platform with excellent statistics. The basic system overview is simple : good traders trade, than system sort and rank top traders and investors follow top traders trades.See image:
In this video we can see basic informations about Zulutrade:
The trademarked technology of ZuluTrade is deemed as the best choice for dealers who are intending to learn trading in a calm style. The assistance of expert traders, who show their dealing system and make a customer base, help to make this possible. There are virtually millions of providers to pick from, each of whom are able to 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 got to fill out an application form and then simply fax it to ZuluTrade which will take about 1 day to process. You can open account at AAAFx Zulutrade forex broker and your account will be automatic 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 in a natural manner 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 database of the providers 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 are able to 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 investors page:
How to create a demo account we can see in video below:
Then if you are ready for signals you can see how to create real account video:
Now we will see how to choose the right signal provider. If you want to choose perfect signal provider you need to learn how to use 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 that are 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. The service provided by ZuluTrade 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 each and every service on the site. Customer service is offered by e-mail, 24 hour instant messenger and telephone. Its pretty entertaining looking at millions of providers to pick the ideal one.
How to find excellent signal provider ?
My advice is to use 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 are able to 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 is made a few months ago. Now you can find much better signal providers. Anyway, you can open at ZuluTrade free account, try and test 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 high stop loss reward ratio.
About Zulutrade scam :
Zulutrade is not a scam. This service is the biggest in the world and money flow is huge. What is the problem for new traders? Very often traders pick signal providers which are on the top of the ranking list. They have 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 20%. Than if trader risk 200 or 300 pips to earn 15 pips or 20 pips than this signal provider can not be good. Maby current statistical data shows top-ranking but future performance will be very bad. You can see very often signal providers which risk too much.Sometimes keep loosing 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 which 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 to first 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.
“Binary options” has become a very popular financial instrument and it has constantly been recording constant growth. Its growth is the result of the fact that seems easy to win big money in a quite short time. Actually, the way “binary options” has been set, it 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 in an attempt to get as much as possible from the forex market or binary options. They are not somebody who just 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 as, a certain percentage of winnings and so on. The tip is to aim 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 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 or that.
Also, you can check your history, analyze how well did 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.