Greetings everyone. I’ve put together a “do’s and don’ts” list for those of you who are thinking about signing up with ZuluTrade. I strongly recommend you follow these guidelines for greater success with ZuluTrade’s forex signal providers. If you haven’t heard of ZuluTrade before I suggest you visit their homepage to find out more.
The Do’s
Find providers who average 3 hours or less per trade.
Find providers with live users.
Find traders with over 100 trades and a win % over 90%.
Make sure the signal providers use stops.
Restrict the amount of open trades each provider can open.I use two max per signal provider.(Breaking this rule can cause a fast margin call and force your broker to close loosing trades with out notice).
Keep your meta trader open just in case the web site has tech issues.
Open a mini account and trade small lots until you understand how your signal providers trade.
- Start with a Demo account.
Avoid
New signal providers.
Signal providers with less than 100 winning trades.
Signal providers with Large Max Draw Downs.
Providers who don’t use stops.
- Traders who are in trades for days (You can look up their open trades and see how long they have been open).
Best of luck to you all!
Hi, i just discovered you blog!
Very useful advice, thanks for sharing!