Zulutrade is an online trading platform. It connects professional traders with anyone who wishes to make money in the foreign exchange market. Professional traders offer their services to their followers and when they trade their followers also trade.
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 signal providers are ranked and these number in the 1000's. All signal providers covet the number 1 slot but being in the top 5 consistently can gain a provider lots of followers and has the potential to earn $20,000+ per month.
To follow a signal provider you will first have to open an account. You have a choice of 2 types, a live account using real money or a demo account using play money. If you are new you should select a demo account until you are confident with the system. Once you have an account you will be able to select from any of the systems available.
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.
With the automatic mode you select how much risk you wish to take by sliding the risk bar left and right. This will then select your lot sizes automatically for you. At the beginning it is better to have a lower risk (50% or lower) because higher the risk the more chance you have of losing all your money.
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.
By using the back testing feature you can learn about lot sizing and stop losses. This will help you choose the correct settings for your accounts.
Zulutrade offers a hands free way of trading and offers a gateway for many people who wish to make money in forex.
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 signal providers are ranked and these number in the 1000's. All signal providers covet the number 1 slot but being in the top 5 consistently can gain a provider lots of followers and has the potential to earn $20,000+ per month.
To follow a signal provider you will first have to open an account. You have a choice of 2 types, a live account using real money or a demo account using play money. If you are new you should select a demo account until you are confident with the system. Once you have an account you will be able to select from any of the systems available.
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.
With the automatic mode you select how much risk you wish to take by sliding the risk bar left and right. This will then select your lot sizes automatically for you. At the beginning it is better to have a lower risk (50% or lower) because higher the risk the more chance you have of losing all your money.
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.
By using the back testing feature you can learn about lot sizing and stop losses. This will help you choose the correct settings for your accounts.
Zulutrade offers a hands free way of trading and offers a gateway for many people who wish to make money in forex.
About the Author:
How you can be an Automatic Forex Trader, visit forextradingtutorial.biz to find the best proven Auto Forex Trading System that uses zulutrade to make you money consistently.
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