Signal provider ZuluTrade is provider that offers several free of charge services. Internet has many Forex signal providers. All Forex signal providers have different rules and regulations. Some take charges whereas others are totally free of cost. It combines Forex signals with a network of additional popular signal providers.
This company was started in 2006. The main aim of forex ZuluTrade is closing the space between the trading plans and information in the financial market. You can read more in Zulutrade Review This is done through the help of the experienced and professional traders who take trades into a different level. This is regarded as very helpful for any trader. Naturally, Zulu trade is a perfect place for the expert advisors and traders. A trader who has a desire of earning profits by doing trade even when they are asleep regards this to be a perfect place. Zulutrade is not forex broker but there is one forex broker which offers integrated Zulutrade platform – read AAAFx Zulutrade Review
How to use Zulutrade platform :
Tips of Zulu Trade
ZuluTrade offers benefits by establishing and expanding a consumer base by selling the schemes to the existing traders. In this procedure, the users will attain free of charge signals while the stage or the website will produce revenue by the rebates of the broker. To use this trade system, one should at first have a trade account with a Forex broker who participates in the Zulu trade.
The list consisting of names of brokers consists of iTradeFX, Forex.com, AvaFX and FXC. If the trade account is functional, the person can enjoy signals and auto trading at free of cost by utilizing the Zulu Trade. There are no affiliations between the Zulu trade and brokerage firms. Any Forex broker who wants their customers to enjoy the benefits of free trading can open a trading account at this particular stage. This company offers an option by which one can open a free account with a requirement of live account with the participating brokers.
For opening an account, first of all fill an application form and then send it through fax for further processing. The processing finishes in one whole day. Once the processing gets completed, they will suggest nearly $1000 for trial that remains for about fourteen days. The existing accounts of Zulu Trade are offered with same recommendation of nearly $1000 as the lowest. However, when a person wants to withdraw their profit, they can do so through their broker and not by the help of Zulu Trade.
The task of Zulu Trade is to connect a registered user to the trade signals. The navigation through the site is very simple. “My Account” is an important feature of Zulu Trade. This feature offers the management of providers and helps in viewing the trades that take place in trade account. One is also offered a way by which they can handle and limit the calls. It is prepared by setting a limit up to which a signal can take every time it one starts trading.
These things can be done by utilizing the “Margin Meter”. Zulu Trade offers 24 hours support. If you find any difficulty with Forex signals, Zulu Trade offers assistance through either live chat or telephone. Sometimes, selecting the signal provider might be difficult, but depending on the needs, the service of Zulu Trade will help you make the perfect choice.
See top signal providers :
The advantages of ZuluTrade review are:
• Several signal providers
• Large numbers of brokers to select from
• No additional fees
The disadvantages of ZuluTrade review are:
• Stationary signal sources
With the availability of copy trading programs like eToro your investment amount remains to be the same and you can hand over the management responsibilities of funds present in the accounts to the traders whom you are copying. Many other topics related to forexop is written by me. Go down the page to view them.
If you have made commitment then you are left with little chances of alterations. If things are not acting as per your expectations then you are left with option of cancelling your copy and claim back the funds or the residual amounts.
Things are completely separate as you work with Zulutrade. Configure each element as present in the signal and then customize it on the basis of the size of the account and also depending on the tolerance level of risk. Set up with:
• Sizes of lots for each trade
• Losses of Stop in Maximum limit – minimize the downside risk
• Set limits for yourself – enjoy profit when you are willing
• Trades or lots in open form in maximum level
• Pairs of currencies that are permitted for trading and also the size of their lots
• Hours of trading restricted – Groups of traders are limited ads per the varied zones related to time
• Minimize the risk factor as you reduce the trading transactions involving trades with same currency
• Exotic pairs prone to risk or Commodities under block trading – You can trade easily with wider spreads and are of extreme volatile nature
Signal can be reversed by you. With the signal reversing sell become buying and significant vice versa changes are marked.
Why did you want to go for this? A detailed survey has revealed the fact that many traders perform inferior than the available chances. Rise and fall of the markets depend on their buying and selling. It is thus beneficial to walk in the opposite direction of theirs for earning better profits.
Mode in Automated Manner: If you are running out of time to go through the settings available in details then simply check out “automated mode”. But select a setting of risk by employing the sliding bar and the remaining part will then be finished for you. The sizes of the lots will be calculated by the system by using the factors of leverage, balance present in the account and also the signals chosen by you.
You can have an idea regarding the performance of the account on the basis of simulation tool. But stay aware about the fact that this is done on the basis of the past available records and does not predict about the returns made in future days.
Management of Amounts
Always remember that you are managing money in Zulutrade entirely under the responsibility of yours. Balance in the accounts factorizes the trade signals, tolerance level of risks, leverage, and also the willing drawdown amount.
The page of your personal account gives an indication to you about the risk exposure in the form of the risk meter also known as call meter marginal. But according to me this device underestimates the risk factor in true manner.
Select the Size of the Lot
Choosing the lot of specified size is a rather difficult task. Much caution must be taken before deciding the size of the lot. Irrespective of the sizes of the accounts start trade with lot in micro size (1 lot in micro = standard lot of 1/100 equivalent to the currency units of 100,000). If you are not permitted by your broker to trade with single lot in micro units then change your broker. FXCM with low slippage works in well coordination with Zulutrade.
Suggestion: For money management purposes you may stick to follow an interesting rule: Check out the returns every month as made in pips to each of the providers and make an estimation of the average as calculated over six months. Simply calculate these numbers.
You can have a good indication about the probable swings in the balance in your account as available in a particular month.
This company is at present the biggest Forex trading signal source available online. ZuluTrade possess millions of existing accounts and several signal sources. If you design a trading method yourself, nothing can stop you from becoming a renowned signal provider and can generate commissions from the trades of other users. The large number of pips that have been made by the profitable systems is the first thing that people notice while navigating the performance page. There are at present 25 well-liked systems and there are many which are gaining profits and with the turn around trading there are more signals through which one can trade.
An impartial chart for the chosen time is displayed for every signal provider. This permits you to view the system performance which in turn helps in chossing signal providers. The statistics of basic trading system are also mentioned in the list and once you visit the system page you will find a history of trading. Trades located on existing accounts are indicated in such a manner that it offers a high confidence degree in the trading consequences.
The “Settings” tab located below the “My Account” is the place where the actions take place. This is the place where you organize the signal sources. You can arrange the lots for each trade and the several open lots for the whole account. One can also set the size of the lots. The sophisticated settings permit one to override the stop loss and gain settings of the signal provider. All of us have come across systems that lose money consistently. By overturning the purchase and selling signals, a bad performing system can theoretically return profits which are equal to the profitable system.
ZuluTrade provides some helpful features regarding risk management. The setting page consists of the Margin call meter which offers a guide. This guide will help you decide that whether the trade accounts is overleveraged. Solving issues with the help of Margin call meter can be regarded as an exercise in the trial method. Signal providers who utilize the dangerous trading plans are characterized in such a manner.
The greatest strength of ZuluTrade is its weakness. As anyone can play the role of a signal provider, one’s trading gains depends on the trading skills of another person. The website is littered with a bad quality trading system and most of the systems are left unattended. Unfortunately, till now there is no way to filter the inactive signal providers. A signal provider can also get crashed and burnt off from a risk strategy along with the profits of the traders.
Though, there are many outstanding trading chances on ZuluTrade, a savvy trader can perform well here. With selecting the signal in a careful manner, one can make money even when they are sleeping. What does a trader need more? You can calculate the service of ZuluTrade at free of cost with the help of a demo account of 30 days.