ZuluTrade

Greetings everyone! I just got some news from my (current) favorite trading signals marketplace – Zulutrade – that they now support binary options. I am surprised it took them this long to get this up and running but I always knew it was bound to happen. A ton of forex brokers hopped on the binary options bandwagon and since there is now a growing market for this style of trading it seems like a wise decision for zulutrade to allow their users to dabble with these “exotic” binary options.

For those of you who are not aware what binary options are, please allow me to clue you in. Essentially binary options are a form of bets. A binary option is a type of option in which the payoff can take only one of two forms (hence binary – ie two) , either some fixed monetary amount or nothing at all. So it’s an “all or nothing” type of deal.

Why Binary Options?

Fast and SimpleNo CommisionHot Assets
FAST & SIMPLEClear payouts, no commissionsTrade hot assets such as Google, Apple, S&P500 etc

So from the above table you can see that binary options do have some neat benefits. You can trade a wide variety of assets like popular stocks, precious metals, or anything that can be considered a financial asset or commodity.

Why ZuluTrade?

Largest NetworkUser FriendlyZero Fees
The largest network of talented Binary Options Traders for you to followUser-friendly
platform
It’s free! Zero fees, zero commissions and no hidden costs

Zero fees is a huge deal. Personally I haven’t played around with binary options yet but I may be tempted to. Currently my zulutrade adventures have been limited to (by my own choice) JPY cross pairs trading. So far so good that’s worked out great for me.

Until next, time I wish you all happy and profitable trading. Sorry for not posting frequently anymore. I’ve been busy with a lot of other things lately.

Cheers,
Alan

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Fisher Sr. VP Matthew Goldhaber

Social media has altered the ways we used to share with each other at a globe level. Interconnectivity of the world has grown more powerful now that a major share of the global population is interacting via some form of social media on a regular basis.

Social trading changes the old trading ways

Social media has been an online revolution that has grown into a huge industry all over the globe. It has even made its way through the world of forex trading. A major segment of the global population can now explore immense possibilities across the online trading platform.
Trading has gone a step further towards democratization with the help of Social Trading.

Social Trading is a good option that allows traders to connect with others directly so that they are able to imitate real trades, consider market analysis and updates and communicate ideas.

Traders are said to benefit much out of social trading once they consider it within their current trading strategies. It has become important for all traders to understand what social trading is and how they could utilize it for their benefit. They must discuss a few of the risks associated with social trading and how these risks could be avoided. Prior to using a social network for trading, relying on other traders and considering their skills and experiences, it is truly important for a trader to do a thorough research just in the way they will do for other forex strategies.

Social Trading isn’t going to leave the market so soon. The financial world has rarely seen a more disruptive technology than this one. On the contrary, much of the unresolved issues that the financial world has seen till date have been addressed by it quite comfortably. Without Social Trading, it wouldn’t have been possible for us to address a few trading needs so effectively.

A few of the needs that have been addressed by social trading are as follows:

1) Transparency – There has always been a need to make financial services more transparent till the time the new regulations showed an option to address this need for transparency. These days, social trading enables us to be more transparent by imposing certain regulation on trading means.

2) Risk Mitigation – The risk that traders are willing to take can be controlled by them once they take part in Social Trading. For those individuals that wish to take part in the market trades without posing as traders will also find this a safer option.

3) Market Access – Participants of institutional or retail trades aren’t able to access all financial markets. Forex is one such market that seems tough for them to trade in; they can only participate in it as a trader. Social Trading is one good option for them to gain access to the trading market before they actually become traders.

There are a number of things that need to be taken care of before Social Trading becomes an important segment of future trading ways. All the key regulatory bodies must accept social trading as a proper form of trading. All agencies that follow social trading find it to be a long educational process. A majority of traders have turned optimistic about it. The participation cost and extra transparency are two key factors that address various social trading issues, but that can be discussed in a separate article.

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Even the most novice or inexperienced investor should know that the idea of forex as a game of luck is incorrect. Fortune has its part to play, admittedly, but skill, time and effort have a far higher value when it comes to the determination of success. Although this means that a great deal of blood, sweat and tears must go into mastering the art of forex, this is very good news for investors, as it means that it’s entirely possible to tip the scales in our favour.

Here are three top tips to help you minimize your losses and turn your forex strategy into a roaring success…

Tip One: Choose a Suitable Broker

Perhaps the best way for any investor to safeguard their forex strategy is by selecting a suitable brokerage firm, like OANDA. The currency markets have no central trading area, and this means that the broker you choose will act as conduit, advisor, mentor and informant all rolled into one. It’s imperative, therefore, that you find one who fulfils your needs. For all but the most experienced, an advisory service will be the right way to go. Offering the opportunity to learn as you trade, your losses will still be limited by the experienced, guiding hand of an expert trader, helping to keep your account in the black.

Tip Two: Don’t Invest More than 10 Per Cent in a Single Trade

Our second tip should be self evident, yet a surprisingly large number of traders have a libertine approach to investing. It is, quite simply, this: limit your losses by capping the amount that you invest. Losses are only harmful to your portfolio if they push it into the red, and the best way to prevent this is by controlling the potential fallout from individual trades gone wrong. Setting a cap of 5 to 10 per cent on a single trade is the easiest way to do this, and even those with the highest risk thresholds should never risk more than 15 per cent of their account total in any one move.

Tip Three: Never Invest Reactively

Our third top tip is this: don’t invest reactively. Many traders, especially those lacking in experience, respond to large losses with emotion. This is not the way to do it. Rather than immediately closing your trade and trying to salvage your portfolio with new positions, take a deep breath and step back. Ask yourself these questions: If you leave your trade open, is there a possibility that your position will recover? If you had not experienced a loss, would you be making the same moves? If the answers are ‘yes’ and ‘no’ respectively, then stop, push your emotions to the side, and reassess your next move with a calm, clear head.

Follow these top tips today to limit your forex losses and turn your trading strategy into a success story.

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ZuluTrade

Greetings dear zulutraders ! Alan here with the top performing zulutrade forex signal providers. This week has been kind of rough for forex trading and I’m sure you too have likely noticed it. I expect a big shakeup in the top zulutrade signal providers rankings. Some will fail and others will take their place. For now here are the reigning champions:

#1ZuluRankSofiaFXPips
8.5K
Trades
341
Followers
4934
Amount Following
$3M
#2ZuluRankProfitCVPips
7.7K
Trades
1097
Followers
2041
Amount Following
$1M
#3ZuluRankgece4hrPips
5.3K
Trades
551
Followers
1512
Amount Following
$1M
#4ZuluRankPTWStructurePips
3.5K
Trades
173
Followers
460
Amount Following
$57K
#5ZuluRanktiantian362Pips
67.1K
Trades
6371
Followers
686
Amount Following
$505K
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ZuluTrade

Greetings dear zulutraders ! Alan here with the top performing zulutrade forex signal providers. Here are the best trading signal providers on zulutrade so far:

#1ZuluRankSofiaFXPips
8.2K
Trades
336
Followers
3948
Amount Following
$2M
#2ZuluRankProfitCVPips
7.6K
Trades
1089
Followers
1717
Amount Following
$925K
#3ZuluRankmanav predictorPips
14.4K
Trades
494
Followers
3805
Amount Following
$2M
#4ZuluRankgece4hrPips
5.1K
Trades
534
Followers
1016
Amount Following
$728K
#5ZuluRankPTWStructurePips
3.6K
Trades
162
Followers
358
Amount Following
$47K
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ZuluTrade

Greetings dear zulutraders ! Alan here with the top performing zulutrade forex signal providers. Here are the best trading signal providers on zulutrade so far:

#1ZuluRankSofiaFXPips
8K
Trades
332
Followers
3603
Amount Following
$2M
#2ZuluRankmanav predictorPips
12.3K
Trades
473
Followers
4060
Amount Following
$2M
#3ZuluRankProfitCVPips
7.6K
Trades
1082
Followers
1241
Amount Following
$879K
#4ZuluRankgece4hrPips
4.8K
Trades
518
Followers
727
Amount Following
$502K
#5ZuluRankPTWStructurePips
3.5K
Trades
145
Followers
302
Amount Following
$16K
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ZuluTrade

Greetings fellow zulutraders ! Alan here with the top performing zulutrade forex signal providers. The rankings for this week have changed only a bit. Click on the providers name in the list below to go to their performance page to find out more:

#1ZuluRankSofiaFXPips
7.7K
Trades
325
Followers
2309
Amount Following
$1M
#2ZuluRankmanav predictorPips
12K
Trades
459
Followers
4434
Amount Following
$2M
#3ZuluRankProfitCVPips
7.5K
Trades
1074
Followers
1008
Amount Following
$851K
#4ZuluRankgece4hrPips
4.6K
Trades
511
Followers
661
Amount Following
$409K
#5ZuluRankwoyaochenggong8888Pips
31.1K
Trades
1299
Followers
749
Amount Following
$449K
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Unlike most other exchange-driven markets, forex has an enticing feature that brokers take full advantage of in their continual bid to lure in investors: no exchange fees, regulatory fees, data fees, or commissions. To many first-time traders, this gives it a major advantage over other markets, but accepting such a bargain doesn’t always mean that you get the best deal available.

Read on to discover how to choose the commission structure that will work best for you…

Three Forms of Commission

Forex brokers offer three different forms of commission to their traders: fixed spread, variable spread, and commission based on a percentage of the spread. These options each have their advantages and disadvantages, which means that there’s no simple answer when it comes to choosing which of them will work best for you.

However, before you can make an informed decision, you need to understand what spread is. Spread is the difference between the price the market maker will pay you for buying the currency (the bid price) and the price at which they’re prepared to sell it to you (the ask price). It is calculated in pips. If your broker quotes you EURUSD – 1.5550 – 1.5552, the spread would be two pips, for example.

To work out how this translates into real money, it can be useful to use the trading calculators that some brokers provide.

Fixed Spreads

If you choose a broker offering a fixed spread, then the difference between the bid and ask price, and thus the spread, in the above example would always be two pips. This would not be affected by market movement, either positively or negatively. At first glance, this can seem like the best choice, as it provides you with certainty. For some people, it will be, but for others, it is worth considering the other options available to you.

Variable Spreads

For those who are not averse to risk, variable spreads can prove a wiser choice. These spreads will change in accordance with market movements. On the one hand, this could mean that they rise to as much as five pips; on the other, it can see spreads drop to as little as 1.5 pips.

Commission

There are also brokers who will earn money through charging a small amount of commission. The benefit of this type of broker is that they often have a good relationship with a large market maker who can pass tight spreads onto you.
Each type of commission will have a different effect on your trading. Of course, part of this will be influenced by your individual broker, but that doesn’t mean that it isn’t worth considering their individual merits and pitfalls. Which one do you think would work best for you?

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Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

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