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ZuluTrade
Overall Score: 2.7 / 5
Total Votes: 140
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kissandfly

Member Since Mar 30, 2010  6 posts Ben (kissandfly) Aug 01 2010 at 13:29
problems with orders sent, non closing orders...

I believe in profits, not in prophets !
bluemele

Member Since May 01, 2010  272 posts bluemele Aug 01 2010 at 15:04 (edited Aug 01 2010 at 15:05 )
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.


Be Open, honest and ethical and all the $$$ you want will come. (hint hint)
chinahunter

Member Since Jul 17, 2010  29 posts ChinaHunter (chinahunter) Aug 01 2010 at 16:27
Try Tradency

Mind+Method+Money= NOTHING IMPOSSIBLE
Slurpeeforex

Member Since Jul 01, 2010  3 posts Slurpeeforex 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...

stevetrade

Member Since Oct 28, 2009  1408 posts Steve B (stevetrade) 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

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.
Snoopy1234

Member Since Oct 24, 2009  38 posts Snoopy1234 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 :-)

ForexSeeker

Member Since Apr 20, 2010  814 posts DoubleTrap (ForexSeeker) 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?


Information is Gold when come to organised.
stevetrade

Member Since Oct 28, 2009  1408 posts Steve B (stevetrade) Aug 02 2010 at 09:06 (edited Aug 02 2010 at 09:07 )
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.

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.
88cefiro

Member Since Dec 05, 2009  19 posts K (88cefiro) 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

ForexSeeker

Member Since Apr 20, 2010  814 posts DoubleTrap (ForexSeeker) Aug 02 2010 at 11:08
How this 3 portal earn money if Free service ?


Gainscope
Daily20Pips (d20p)
Piphut

Anyone can go in and become Signal Provider ? Or they have their own Professional team giving you signal.

Or that you must join their IB only can get signal ?

Information is Gold when come to organised.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.