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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We’ve seen numerous inquiries over the last couple of years by government departments looking into the world of forex trading, and this past weekend saw the United States Department of Justice open up its own probe to include two additional banks, and those are Barclays and UBS.

Forex is an increasingly popular investment option for investors of all levels these days, and some may argue that current rules and regulations are struggling to keep up, which is one of the reasons we so often see these investigations. It’s not that the investors or smaller brokers that deal with investors, such as ThinkForex, that are doing anything wrong; it’s almost always been major banks either misleading or miss-selling products.

That is exactly the same case this time round, as the Department of Justice has reason to believe that both Barclays and UBS have been selling a variety of structured products without making it clear how much they were making on each of the forex trades. In this case, these products were not small-market; there’s reason to believe some major Swiss hedge funds bought into the products, and they may well have been the ones to alert the authorities that something was amiss.

Knock-On Effects

To the day trader, these kinds of investigations probably don’t appear all that important, but there is of course an interesting question to be raised – who is your broker’s broker? Many of these major banks are enabling the smaller brokers that you might be used to dealing with day-to-day, and they’re not invulnerable to knock-on effects. At the beginning of the year, we say major brokers including Alpari UK and LQD Markets go bust because they lost their liquidity. The situation isn’t exactly the same, but it certainly is worth bearing in mind.

As already mentioned, this isn’t exactly a new investigation. Several other banks are already under scrutiny by the Department, all with the same charge of simply not disclosing the relevant information properly to their clients involved in the forex markets.
In the coming days, we’re likely to see more information coming out, but at this stage we’re mostly in the dark in regard to specifics. The Financial Times first broke the news story on Sunday, but since then there has been no comment made by the Department of Justice, or indeed Barclays or UBS.

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ZuluTrade

Greetings fellow zulutraders ! Alan here with the top performing zulutrade forex signal providers. Without further ado here they are:

1ZuluRankmanav predictorPips
12.2K
Trades
456
Followers
5017
Amount Following
$2M
#2ZuluRankSofiaFXPips
7.4K
Trades
321
Followers
1505
Amount Following
$1M
#3ZuluRankProfitSwingPips
9.1K
Trades
1102
Followers
1771
Amount Following
$672K
#4ZuluRankwoyaochenggong8888Pips
32K
Trades
1187
Followers
621
Amount Following
$356K
#5ZuluRanktiantian362Pips
64K
Trades
5771
Followers
1257
Amount Following
$566K
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ZuluTrade

Greetings fellow zulutraders ! Alan here with the top performing zulutrade forex signal providers. I missed a week again. Sorry once again. I am thinking to stop publishing this as lately I’m pressed for time and also I’m not even sure if anyone follows these posts anymore. I will decide later, but for now here are the top signal providers:

#1ZuluRankmanav predictorPips
12.6K
Trades
438
Followers
4114
Amount Following
$2M
#2ZuluRanktiantian362Pips
63.7K
Trades
5621
Followers
1114
Amount Following
$542K
#3ZuluRankPooTumVVPips
3.1K
Trades
192
Followers
2825
Amount Following
$2M
#4ZuluRankPTWStructurePips
3.6K
Trades
115
Followers
216
Amount Following
$21K
#5ZuluRankzeary123Pips
31.5K
Trades
2738
Followers
470
Amount Following
$200K
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ZuluTrade

Greetings fellow zulutraders ! Alan here with the top performing zulutrade forex signal providers. I’m sorry I missed posting the top signal providers for the past two weeks but I’ve been going through some personal problems and I haven’t been able to find the time to do it. I will try to keep up with it from now on. The top rankings have been ruffled up yet again. If you look at this week’s versus two weeks ago you’ll find no signal provider that is still in the top 5. So without any further ado, here are the recent top performers:

#1ZuluRankProfit Pro 9Pips
36.9K
Trades
659
Followers
649
Amount Following
$68K
#2ZuluRankProfitSwingPips
9.4K
Trades
1094
Followers
2109
Amount Following
$2M
#3ZuluRankmanav predictorPips
11.8K
Trades
367
Followers
2293
Amount Following
$911K
#4ZuluRanktiantian362Pips
60.6K
Trades
5321
Followers
1090
Amount Following
$426K
#5ZuluRankzwwwaabbPips
16K
Trades
1483
Followers
1270
Amount Following
$369K
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One of the most confounding mysteries currently confronting the forex market is the dramatic drop of the US dollar. Few recent trends have continued for as long, or proved as lucrative, as the enduring fall of the currency since a new low was first reported on in summer 2014.

Forex brokers and traders watched, cautiously, as the EURUSD pairing broke the 2010 low, threatening to hit levels not seen since 2005 at 1.1640. Simultaneously, USDJPY’s 2007 high began to draw attention at the next upside target, at 124.41.

Despite this move higher, traders have remained unwilling to trust in the recovery of the currency, which has not been supported by a firm multi-percentage correlation. As a result, more and more of them are turning to foreign currencies in search of clues as to the future of the US dollar.

The Significance of Exotic Currencies

Although there is a tendency within the forex market to overlook them, exotic currency trends can provide a useful tool in the determination of the true state of the US dollar, helping to uncover whether it’s favoured across the board or only against low-yielding FX.

At the current time, a depressed interest rate environment largely defines the world economy. With interest rates having been lowered around the globe in line with the aims of quantitative easing programs, an assessment of the performance of individual currencies can be distorted. This is where exotic currencies come in useful, as the economies whose interest rates have remained high provide a unique look into the performance of the low-yielding US dollar.

For those with an understanding of the bond market, parallels can be drawn between the role of these exotic currencies and the section of the junk bond faction. The junk bond faction is made up of companies with lower credit ratings than the blue chips that most people are familiar with. The performance information they provide is unique, and can be used to provide a more coherent picture of the market in terms of rebounds in risk and fluctuations in risk sentiment before they become obvious through comparisons with other sections. Similarly, exotic currencies provide a unique insight into the position of the US dollar, and could thus provide an early opportunity to cash in on this.

Recent Events

The US dollar’s recent gain is largely attributable to an announcement made by the Federal Reserve, which claimed that the country was ending its multi-year quantitative easing program. With many other central banks not yet embarked upon or in the midst of their own programs, this saw the dollar gain against low-yielding currencies like the EUR, JPY, CFH and GBP.

This trend was all that certain factions of the market took note of. However, by widening the lens, we see that higher yielding currencies, such as the ZAR, did not respond in the same way.

A second statement by the Federal Reserve, a commitment to ‘patiently’ raise rates over the course of 2015, has also been instrumental in fuelling USD fever. Yet if we look to the story told by exotic currency rates, the tale is very different A Bearish Engulfing Pattern is evident for the USDMXN pair, suggesting that something could be amiss. Indeed, a break below the 17th December figure of 14.37 could catalyse a drop against other higher-yielding currencies such as the AUD, NZD and ZAR, amongst others.

So what does this mean for the forex market and the position of the USD going forwards? With high-yielding currencies showing strength against the former currency, a charge against it could well be in the offing. Indeed, should certain levels fail to provide continued support, a real correction may be on the horizon.

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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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