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.
How it works?
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.
To follow a signal provider you need to open an free account. This is done on the Zulutrade website. Anyone who is new should open a demonstration account before moving on to trading with real money. Once your account is open you can choose which signal provider you wish to follow. This is done in the performance page.
When starting out just select one provider to follow. As your trading experience grows you can start to portfolio your trading systems. When you first open an account you have to choose which set-up you want to use. There are 2 set-ups Custom and Automatic.
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.
When you use the custom settings you have the ability to control your chosen system. This has many advantages such as stopping you going bust while making you substantial profits. You control this through lot sizes, limit orders, stop losses and more. This takes some time to learn however the rewards are worth the effort.
For people who are new to forex trading you should select automatic and you can then start to learn how to use the full functionality of zulutrade. This means you can set your own lot sizes, work out your own stop losses and learn how your providers trade.
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 various settings to find out what is right for you. This means you can start to learn what each of the settings do and how they effect your performance.
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.
How it works?
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.
To follow a signal provider you need to open an free account. This is done on the Zulutrade website. Anyone who is new should open a demonstration account before moving on to trading with real money. Once your account is open you can choose which signal provider you wish to follow. This is done in the performance page.
When starting out just select one provider to follow. As your trading experience grows you can start to portfolio your trading systems. When you first open an account you have to choose which set-up you want to use. There are 2 set-ups Custom and Automatic.
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.
When you use the custom settings you have the ability to control your chosen system. This has many advantages such as stopping you going bust while making you substantial profits. You control this through lot sizes, limit orders, stop losses and more. This takes some time to learn however the rewards are worth the effort.
For people who are new to forex trading you should select automatic and you can then start to learn how to use the full functionality of zulutrade. This means you can set your own lot sizes, work out your own stop losses and learn how your providers trade.
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 various settings to find out what is right for you. This means you can start to learn what each of the settings do and how they effect your performance.
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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