Zulutrade Signal Providers Review
Welcome to my independent Zulutrade Signal Provider Review. This is a Must Read if you are planning to invest in those traders or signal providers as they are called on Zulutrade.
I hope to enlighten readers of the hidden dangers and what to look out for when following Zulutrade signal providers. I have seen many followers and traders alike with profits gain from trading over time being wiped out within a short period of time because of their strategies and risk taken.
Are Zulutrade Signal Providers Good?
Do not follow blindly the top signal providers there or you could be in for a very big surprise!
I believe there are quite a number of followers that just start following the top traders without second thoughts and probably not thoroughly studying these signal providers strategies.
These followers are likely the ones to be cheering when they see big gains but will complain when hit by big losses and then start questioning the signal provider/s on their strategies.
Not All Zulutrade Top Signal Providers Are Necessarily Ranked or Found At The Top.
Zulutrade has tens of thousands of traders on their platform providing signals and it’s very competitive.
They also their own algorithm on how they rank these traders based on the number of trades, duration they have been trading, closed profit and loss, etc. so how are they ranked exactly, it’s something that I don’t know the details but one thing for sure is the signal providers will try to gain as many pips as possible to make it to the top in the shortest possible time.
What you want to look for should be consistency rather than following those who have made fast and big gains.
There are also many signal providers on Zulutrade sending signals from a demo account, trading with martingale or grid system. These traders can afford to trade martingale or grid systems with No or very high stop loss and they won’t experience a margin call since it could be a demo account with very big virtual funds.
But having said that, there are also signal providers sending signals using live accounts trading with the same strategy.
If you are planning or happen to follow signal providers that are using a martingale or grid system, make sure you have very deep pockets and the financial stamina to keep up with these type of trades. You could be facing a very big drawdown in your account especially if opposing trades keep opening against a strong trend. Can you take it when faced with a large drawdown in your account?
If you are wondering what is martingale or grid system, I highly recommend that you search and read it up. I don’t have those article posted yet. Will have them linked up when ready.
Use Zulutrade Advance Search Feature
Take your time to do your research and make use of Zulutrade Advanced Search. It has very comprehensive search criteria and you can set them as you wish screening out those that you meet the criteria that you have set. Below is a screenshot of what it looks like:
Running over the icons with your cursor and it will pop up a small message telling you what does each icon mean. They can be found in every trader’s profile.
Take your time to look at individual trader’s profile page too and go through their trading history, performance over the time they have traded since they came on board Zulutrade. Also pay attention if they are also “known as” other trader on the left hand side as you scroll further down. There is a possibility that they have blown up some other account or traded dangerously and don’t want to continue with those account because it will not reflect well on them.
So Is It Safe To Follow Zulutrade Signal Providers?
If you do your own proper research and understand the risks you are taking, then it could be worth a try. Otherwise stay away!
Hope my Zulutrade Signal Providers review above is helpful to all readers here. Good luck, safe trading and safe investing!
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