A new way to trade and make money in the foreign exchange market has arrived. Zulutrade connects professional traders with people who want to make money in forex by following these traders. This is called a signal provider/follower relationship. There are thousands of signal providers to choose from and a follower is free to select any of them.
Zulutrade is a service that is free to use both for signal providers and followers. Signal providers will earn broker commissions for each trade taken by their followers. A good trader who makes consistent returns will get a large following and make substantial earnings. To use it you will have to sign up to a forex broker. This can easily been done on the platform.
Lets take a look at Zulutrade.
All trading systems are ranked with number 1 being the best . As there are 1000's of systems to choose from it makes sense to rank them based on there performance. If a signal provider earns a top ranking they can earn fantastic commissions.
As a signal follower you first open an account. If you are new to forex trading choose a demonstration account to start with. You will then be able to select which trader you want to follow. Have a look at the signal providers pages and see who you like.
At the beginning just chose one signal provider, and when you get more familiar with the system you can add more. Once you have selected your signal provider you are faced with a choice of how you wish to trade. You have 2 choices automatic and custom.
By selecting the automatic settings you only have to make one choice, how much risk you want to take. When selecting your risk the lower the risk the lower the lot sizes. Conversely the higher the risk setting the higher the lot sizing. It is sensible to keep the risk on a low setting. Greed can take over as you rush to make money, however trading too big a lot size for your account can lead to a total loss of your trading account.
Custom setting means you can manually select the lot sizes, number of trades taken, stop losses and take profits. This requires more skill than the automatic system but if you can learn how it works, it will provides the greatest control over zulutrade.
Newcomers should first use the auto button. This will allow you to learn how the system works and give you the confidence to move on to the custom mode in time.
More experienced people should use the custom settings straight away as you will be able to control your risk and reward more efficiently. Zulutrade has a fantastic facility to backtest your providers. This means you can select your settings and run this over past trading data. In this way you can see how your chosen signal provider would have performed with those settings.
This allows you to test your settings and find profitable systems, this also allows you to learn how to program your accounts.
Using Zulutrade offers a way of trading that takes a hands off approach. This means that many people can start to learn forex the easy way.
Zulutrade is a service that is free to use both for signal providers and followers. Signal providers will earn broker commissions for each trade taken by their followers. A good trader who makes consistent returns will get a large following and make substantial earnings. To use it you will have to sign up to a forex broker. This can easily been done on the platform.
Lets take a look at Zulutrade.
All trading systems are ranked with number 1 being the best . As there are 1000's of systems to choose from it makes sense to rank them based on there performance. If a signal provider earns a top ranking they can earn fantastic commissions.
As a signal follower you first open an account. If you are new to forex trading choose a demonstration account to start with. You will then be able to select which trader you want to follow. Have a look at the signal providers pages and see who you like.
At the beginning just chose one signal provider, and when you get more familiar with the system you can add more. Once you have selected your signal provider you are faced with a choice of how you wish to trade. You have 2 choices automatic and custom.
By selecting the automatic settings you only have to make one choice, how much risk you want to take. When selecting your risk the lower the risk the lower the lot sizes. Conversely the higher the risk setting the higher the lot sizing. It is sensible to keep the risk on a low setting. Greed can take over as you rush to make money, however trading too big a lot size for your account can lead to a total loss of your trading account.
Custom setting means you can manually select the lot sizes, number of trades taken, stop losses and take profits. This requires more skill than the automatic system but if you can learn how it works, it will provides the greatest control over zulutrade.
Newcomers should first use the auto button. This will allow you to learn how the system works and give you the confidence to move on to the custom mode in time.
More experienced people should use the custom settings straight away as you will be able to control your risk and reward more efficiently. Zulutrade has a fantastic facility to backtest your providers. This means you can select your settings and run this over past trading data. In this way you can see how your chosen signal provider would have performed with those settings.
This allows you to test your settings and find profitable systems, this also allows you to learn how to program your accounts.
Using Zulutrade offers a way of trading that takes a hands off approach. This means that many people can start to learn forex the easy way.
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