even though I have not tried Zulutrade but I have checked their website serveral times as I was thinking about being signals providers.
one conclusion I came up with is that most top signals provides are the worst traders I have ever seen on my life and followers never make any money in the long run.
why ? well because most top traders open one scalping position a day with only 10-15 pips target. followers only get 90% of their managed account profit, that's about 9 pips a (after counting the provider and zulutrade commision) day on average. the funniest thing is that many top traders on Zulutrade work actually with risk to reward ratio 70:1 or even bigger, they never put sl and leave the losing trades floating even with more than -500 pips loss (for ten pips profit). I have seen some top traders are still holding their GBP buy position at 1.65 (when GBP was 1.58 and Gold at 1880 (when gold was 1750) becuase they want to prevent any dd which may cost them losing their live followers
so for followers : if they profit 50 trades with their signal providers, with only one losing trade they lose all the profit and maybe half of their deposit
So generous advice to the follwers . never depend on someone else, either learn trading or forget forex.
any comments are welcomed
one conclusion I came up with is that most top signals provides are the worst traders I have ever seen on my life and followers never make any money in the long run.
why ? well because most top traders open one scalping position a day with only 10-15 pips target. followers only get 90% of their managed account profit, that's about 9 pips a (after counting the provider and zulutrade commision) day on average. the funniest thing is that many top traders on Zulutrade work actually with risk to reward ratio 70:1 or even bigger, they never put sl and leave the losing trades floating even with more than -500 pips loss (for ten pips profit). I have seen some top traders are still holding their GBP buy position at 1.65 (when GBP was 1.58 and Gold at 1880 (when gold was 1750) becuase they want to prevent any dd which may cost them losing their live followers
so for followers : if they profit 50 trades with their signal providers, with only one losing trade they lose all the profit and maybe half of their deposit
So generous advice to the follwers . never depend on someone else, either learn trading or forget forex.
any comments are welcomed