Review Of ZuluTrade

What is  ZuluTrade?

For those of you who are not familiar with it, let me tell you that it is NONE of he below:

Sure get rich forex EA

Sure get rich forex system

Sure get rich whatever

Zulutrade is a forex signal provider.

What you can do with it is link your forex trading account with Zulutrade and your account will copy the trades provided by the forex signal provider that you selected.

Everything is automatic once you set up everything.

Sound great yeah!!...

You can practically do nothing and make money in Forex.


But the question boils down to this, does it really work?

Here are some of the pros and cons of using Zulutrade.

Pros:

• The statistics of the signal providers are transparent. You can see their open positions, percentage of winning trades, biggest drawdown, total pips gained, etc. The top signal provider has gained 5400+ pips so far in 67 weeks.
• Recent changes to the compensation of the signal providers to a monthly profit and loss basis basically reduces the chances of signal providers going rouge and taking crazy risky trades to earn commission. Now they share the same interest to perform as you!
• Strong emphasis and saying no to margin call. There is a Margin Call O Meter to warn you against over exposure to risk 
• Clean and easy interface with a healthy discussions system in a form of a forum and direct comments to your favorite signal providers. iPhone and Android app is available too.
• A member of NFA / CFTC . Probably no monkey business to be seen here 

Cons:

Some signal providers may take excessive risks to ensure their pips gained are high. Always watch out for “too good to be true”  Check maximum drawdown, number of trades, etc. For example, a signal provider who clocks 100% winning positions due to riding the losses out at 80% drawdown of the forex account is a big NO NO.

Proper money management is a must as of any forex related interest. Historical performance is NOT a indication of future performance. Be prudent.

This is NOT a get rich in one week service.

Source: TheGeekKnows

To conclude, there are a few things that must pay attention to if you want to go ahead and try Zulutrade.

Look for signal providers that are consistent in their trades.

Slow and steady is always better than those that has huge gain and losses.

In addition, do not use Zulutrade as your only source of forex trading.

And most importantly, only trade with the money that you are willing to lose.

Yours sincerely,




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