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.
It is free to follow any signal provider and the signal provider earns money from broker commissions. For every trade the signal provider makes a broker will pay them a commission for the signal followers business. In this way a good trader is able to attract a good following. To follow a signal provider first you need a forex broker. It is easy to join a broker from zulutrade itself.
How does Zulutrade work?
It ranks all of the signal providers from one to over a thousand. The lower the number the better the signal provider has performed. If a signal provider can earn top rankings they can earn a very decent living.
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 you are learning the Zulutrade system start off by following only one provider. This will allow you to learn how things work and what to expect when trading. When you have chosen your trader you will be given a choice of how to follow them. This is either an automatic mode or a custom mode.
Automatic means you set your risk and the terminal sets your lot sizes for you. It is better to select a low risk setting as it is safer, it is tempting to set the risk setting to high because you can see the potential to make a killing. However with high risk setting you are more likely to lose your money rather than make it.
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.
For those who are more adventurous or should I say experienced should use the custom setting. One of the best things about the custom setting is the backtest facility. This allows you to add in the lot size, take profits etc. When you Look at the results they show you how your account would have performed had the signal provider used 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.
Zulutrade is a way to trade automatically as it a hands free system. Because of this many traders can start making money quickly and easily.
It is free to follow any signal provider and the signal provider earns money from broker commissions. For every trade the signal provider makes a broker will pay them a commission for the signal followers business. In this way a good trader is able to attract a good following. To follow a signal provider first you need a forex broker. It is easy to join a broker from zulutrade itself.
How does Zulutrade work?
It ranks all of the signal providers from one to over a thousand. The lower the number the better the signal provider has performed. If a signal provider can earn top rankings they can earn a very decent living.
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 you are learning the Zulutrade system start off by following only one provider. This will allow you to learn how things work and what to expect when trading. When you have chosen your trader you will be given a choice of how to follow them. This is either an automatic mode or a custom mode.
Automatic means you set your risk and the terminal sets your lot sizes for you. It is better to select a low risk setting as it is safer, it is tempting to set the risk setting to high because you can see the potential to make a killing. However with high risk setting you are more likely to lose your money rather than make it.
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.
For those who are more adventurous or should I say experienced should use the custom setting. One of the best things about the custom setting is the backtest facility. This allows you to add in the lot size, take profits etc. When you Look at the results they show you how your account would have performed had the signal provider used 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.
Zulutrade is a way to trade automatically as it a hands free system. Because of this many traders can start making money quickly and easily.
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