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So that’s quite a good sign, it’d be great if they’ve been trading for even longer. But at least we’ve got here two years of trading history and that starts to put a bit more confidence in me in terms of what this trader can actually do. Now you can have a look at the profit, you can have a look at performance as well. And so that’s just going to break down to profit and losses. And there are lots of different metrics that you can look at. But for me, a gut feeling just tells you the growth of it over time.
The first benefit is that there is a free and unlimited Demo Account that allows you to become familiar with the auto trading platform, and financial markets in general. With ZuluTrade, you will have wide exposure to many traders that you can follow and duplicate trades, which would lead to larger signal provider earnings. 69% of retail investor accounts lose money when trading CFDs with this provider.
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You can trade all major forex currencies, stocks, commodities, cryptocurrencies, and indices. Zulutrade is owned by Finvasia Group, an Indian fintech company that is headquartered in Mohali. It was originally founded in 2007 before being bought by Finvasia in late 2021. Enter your personal details, country, and phone number for each broker that you want to create an account with. Zulutrade is available in 183 countries around the world. For a full list of countries in which you can access Zulutrade, see below.
- One good provider can make you more money than a five bad providers.
- This makes ZuluTrade different, and better than most auto trading platforms because of its variety.
- As a copy trading broker, ZuluTrade has very strict criteria in place as to which traders can be featured as those “traders to copy”, and at the top traders on their leaderboards.
- However, unlike ZuluTrade, you will only find one broker available, xcritical.
- After you’ve selected the signal providers you want to track, you have to set a level of risk for each trader.
- It could make sense, in some cases, to open the same operations already opened by a Signal Provider if they were at a loss, maybe very close to their stop.
Every day the pips accumulated with all the closed positions are summed together, and from that value is subtracted the worst drawdown of the entire account on that day, in terms of pips. First thing to say, the trend is considered day to day, so the values are calculated as a summation of all the daily operations. Second, this equity does not show the pips balance evolution for the closed positions only each day. Let’s assume the trader does not make you lose $ 1,000, but instead he makes you earn $ 2,000 more, bringing the total to $ 4,000. Zuluguard is one of the Zulutrade attempts to provide the inexperienced follower investor with an automatic risk management tool.
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Also, the ZuluTrade algorithm for ranking the quality of signal providers, ZuluRank, while good, could still use further improvement. ZuluTrade is not a broker but a platform to connect trading accounts held with brokers to facilitate social and copy trading. Founded in 2007, ZuluTrade – a Finvasia Group Company – is a pioneer in the copy trading space and a very popular choice among copy traders in the industry with a user-friendly trading platform. Another important feature is the possibility to enter fixed levels of stop loss or take profit determined by you, and also add the very useful function “Safe Stop”. We are talking of changing the work of a professional trader .
You’ve probably been making your own mind up as I went through the video, but let’s just start with the pros of ZuluTrade. Fidelis Capital Markets does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Open a FCM Forex ZuluTrade account today and simplify the way you trade. ZuluTrade takes your forex trading to new heights of success.
If the trade continues to increase profit, let’s say to 70 pips, the system would shift automatically stop at +20 pips profit. “Indicative Leverage” is an indication of financial leverage, but be careful not to get confused. This parameter doesn’t indicate the Leverage of your trading account with your broker, it only indicates the leverage value that ZuluTrade will use to do some of its automatic calculations. Remember the Margin Call -o- Meter, which reports the possibility for your account to incur in a margin call based on your settings? One of the fundamental elements of that calculation depends on this leverage value. The next element is the Max Open Trades, where you can set the maximum number of transactions opened simultaneously that the Signal Provider can maintain.
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You also have the option of joining a free trial to try out ZuluTrade, an unlimited and free Demo Account. The Demo Account is a hands-on approach on how you can use ZuluTrade and watch the ZuluTrade auto trading platform in action without facing any financial risk. In the risk management section we explained that its a bad idea to follow too many traders at once. You will have to invest more of your time if you want to find good providers to follow.
- All contents on this site is for informational purposes only and does not constitute financial advice.
- And so you would set up a live account first with one of these.
- Employing an effective money management system can be difficult for beginners.
If the trader should close them with a stop loss, you would lose just a few pips. But if, by chance, they would be recovered, your profit will be much greater, because you would had opened them at a much better price. If you are not yet very well versed with this reasoning, the principle that it is always right is to start from scratch, ie without opening the operations already open. Remove then all the flags from thje operations before clicking “Follow”. Many times, however, some follower investors are not entirely inexperienced, and once they realized they are following a risky Signal Provider, they abandoned him denouncing the bad strategy. At other times, instead, comments can be useful for considering things that perhaps you would had not think about or that you forgot to take into consideration.
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The Enable/Disable Trader feature allows you to enable or disable the automatic replication of a Trader’s operations, still keeping the Signal Provider within your portfolio. Selecting the Remove Trader buttons however, you will completely remove the Trader from your portfolio. The “Settings” section of ZuluTrade is xcritical rezension definitely the most important area in the “My Account” section, since this is where we’ll operate to setup our strategy and our portfolio. You can also find an indication of the Follow Mode, that is, if you are following them in “pro-rate” or “fixed” mode, and the gear icon to access the quick settings section.
Some social trading networks only give you access to the last 50 or 100 traders. However, all historical trades are made available at ZuluTrade. ZuluGuard is often highlighted as a particularly well-liked https://xcritical.solutions/ feature in review forums. It works by monitoring each trader’s behaviour and removing a user when a draconian strategy is detected. This should help keep your income safe from erratic traders.
As you can see from the results they like to trade on the EUR/USD pair a lot and that has made up most of their trades to date. Yes, all trades were executed as they should have been on our xcritical account. If say you had a $5,000 starting bank instead of the $500 we used however, you would have made around $580 profit, which would have covered the fees and left you with some profit at the end. Leaving this aside though, as we say at the level we were trading at it just wasn’t worth it in terms of fees. The only problem we had was that trading at this level, the fees we had to pay more than wiped out the gains we made from the copy-trading. Once the account is opened, all you need to do is select winning strategies that you want to follow, and you can watch your xcritical grow.
i am a Signalprovider on Zulutrade with…
As in all things, if the votes are many, there is more chance that they return a likely situation. As you may have the occasion to notice when you will control the slippage in a Signal Provider’s profile, among the first positions, if not always the first, there is the broker AAAFX, a company owned by ZuluTrade itself. The first “Pairs” graphically shows the amount of trade carried out by the Signal Provider for each currency pair compared to the total. The bigger the piece of cake, the greater the number of trades executed.