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ZuluTrade

Aug 02 2010 at 09:23
I've only seen 1 decent trader on that site.
Quite a few of the traders who look good at first use 500pip stops, when the trade goes against them and gets close to the stop they move it to 1500-2000pip +.
It would be a great site if they'd vet their providers or better yet do 3 things:
1.) make it madatory for their providers to trade real money of their own
2.) make stop loss entry mandatory at the time the trades placed (and remove the ability to move the stop back)
3.) stop providers from opening accounts under multiple names
Quite a few of the traders who look good at first use 500pip stops, when the trade goes against them and gets close to the stop they move it to 1500-2000pip +.
It would be a great site if they'd vet their providers or better yet do 3 things:
1.) make it madatory for their providers to trade real money of their own
2.) make stop loss entry mandatory at the time the trades placed (and remove the ability to move the stop back)
3.) stop providers from opening accounts under multiple names
Steve B
(stevetrade)
Uczestnik z Oct 28, 2009
1415 postów
Aug 02 2010 at 09:06
If they put this forward as the premise for the business then that would be fair enough, however this is what they claim to be:
'What is ZuluTrade ?
ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)
There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it's completely FREE!*
ZuluTrade receives rebates from the brokers, for the trades generated and splits them with the experts that provide the advice. Check the performance results recommended by our experts here'
Now if it was to say
'ZuluTrade is a site full of dodgy chancers, sprinkled with a handful of decent traders. If you are prepared to spend ages sorting out the wheat from the chaff and have a degree in statistical analysis there is a small chance our highly flaky platform might convert some of those trades into one or two pip winners for you.'
That would be a fairer representation of the business model.
'What is ZuluTrade ?
ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)
There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market to make a good pick, because hundreds of industry well-known experts from all over the world are doing it for you. All you have to do is pick the experts you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker. And the best of all, it's completely FREE!*
ZuluTrade receives rebates from the brokers, for the trades generated and splits them with the experts that provide the advice. Check the performance results recommended by our experts here'
Now if it was to say
'ZuluTrade is a site full of dodgy chancers, sprinkled with a handful of decent traders. If you are prepared to spend ages sorting out the wheat from the chaff and have a degree in statistical analysis there is a small chance our highly flaky platform might convert some of those trades into one or two pip winners for you.'
That would be a fairer representation of the business model.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
DoubleTrap
(ForexSeeker)
Uczestnik z Apr 20, 2010
814 postów
Aug 02 2010 at 09:03
Is ZuluTrade a web base Forex system where I did not required VPS, EA, MT4 platform ?
Because I just join the demo ZuluTrade, they just give me a web base program to trade and add signal.
And their lot size is fix at minimum 1 pip = $10USD with 50k demo Account
https://www.zulutrade.com/Follower.aspx?ref=1&id=235113
So if play real, the minimum pip also 1 pip/10USD ? Also use the web base program?
Because I just join the demo ZuluTrade, they just give me a web base program to trade and add signal.
And their lot size is fix at minimum 1 pip = $10USD with 50k demo Account
https://www.zulutrade.com/Follower.aspx?ref=1&id=235113
So if play real, the minimum pip also 1 pip/10USD ? Also use the web base program?
Information is Gold when come to organised.
Snoopy1234
Uczestnik z Oct 24, 2009
38 postów
Aug 02 2010 at 08:59
Hi,
i just think that anybody must check the signals by himself. Zulutrade is like any other Signalprovider nothing for absolute newcomer in forex that they don´t know how to trade.
To find the right signalprovider in Zulu its like to find the right EA or otherwise to learn trading itself :-)
i just think that anybody must check the signals by himself. Zulutrade is like any other Signalprovider nothing for absolute newcomer in forex that they don´t know how to trade.
To find the right signalprovider in Zulu its like to find the right EA or otherwise to learn trading itself :-)
Steve B
(stevetrade)
Uczestnik z Oct 28, 2009
1415 postów
Aug 02 2010 at 08:50
I started out providing my signals on ZuluTrade. One of the things that is scary about them is that anybody can sign up and provide signals, nobody tests their systems first. So there are all sorts of terrible practices going on there. Providers just open up a massive demo account and then leave trades open until they turn into a profit. Applied to real accounts these trades end up wiping your account.
They are also not 100% reliable. I had a friend trading my signals who did not get some stop losses placed. One of my trades cost his account 16% of his balance when he was only risking 1% per trade.
Horrible, horrible, horrible. Stay well away from ZuluTrade
They are also not 100% reliable. I had a friend trading my signals who did not get some stop losses placed. One of my trades cost his account 16% of his balance when he was only risking 1% per trade.
Horrible, horrible, horrible. Stay well away from ZuluTrade
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Slurpeeforex
Uczestnik z Jul 01, 2010
3 postów
Aug 01 2010 at 19:48
Hi,
tried this thing with several signal providers. The Hunter was the best, but the results are weak... If you try the best rated there like LowDD, your account will get blown away. He keeps losing trades open forever just to keep his win ratio look good. And there are many (the most) providers like that. Maybe if you had 10.000 account and traded only 1 minilot each time, you could stand the DDs, but then the performance is not that good... I recommend to avoid this site, but that is just my experience (lost approx. 500 USD). Maybe someone is successful with them...
tried this thing with several signal providers. The Hunter was the best, but the results are weak... If you try the best rated there like LowDD, your account will get blown away. He keeps losing trades open forever just to keep his win ratio look good. And there are many (the most) providers like that. Maybe if you had 10.000 account and traded only 1 minilot each time, you could stand the DDs, but then the performance is not that good... I recommend to avoid this site, but that is just my experience (lost approx. 500 USD). Maybe someone is successful with them...
ChinaHunter
(chinahunter)
Uczestnik z Jul 17, 2010
30 postów
Aug 01 2010 at 16:27
Try Tradency
Mind+Method+Money= NOTHING IMPOSSIBLE
bluemele
Uczestnik z May 01, 2010
272 postów
Aug 01 2010 at 15:04
If you want to lose money (at first), trade forex.
If you want to LOSE A LOT OF MONEY (Forever), join ZULUTRADE! hahah...
Terrible, terrible, terrible.
If you want to LOSE A LOT OF MONEY (Forever), join ZULUTRADE! hahah...
Terrible, terrible, terrible.
Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
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