Using Zulutrade while learning?

Would it be alright for me to put my idle money to use via a Zulutrader while I learn the ins and outs of the Forex market, or is it risky? Basically, I have some cash that just sits, and I won’t feel comfortable using my money based off of my decision making as I am new to the forex world.

Hi Brien

I use zulutrade to as a way to make me money. If you want to learn how to use zulutrade this free website is good.

Choose wisely. From what I’ve been told there’s significant over trading so that signal providers can profit on commissions. In my world, that would be illegal to do.

Signal providers lack a fiduciary role. Their purpose to trade is solely for their own profit and suffer no consequences if they lose.

I wouldn’t ever put my money in such a situation. But if you must, don’t get stuck on advertised results. Find someone with a similar risk tolerance and trading methodology as yourself who also can turn a long term profit.

Try it out yes , just make sure you develop a good risk managment for your equity ,dont overleverage and dont overxpose your account to signal providers and you should be ok. Also another good tip is to use the advanced search for finding good providers.

finding good sp is as hard as constantly making pips yourself
you might think it’s like black magic with a black magician doing the vodoo spells for u…but there are usually consequences for using black magic
anyway good luck with ur journey, although i just recommend u learn it urself

allow me to disagree with you ! :slight_smile:
finding a good provider is much easier than learning to trade myself, trust you me…some things cant be just learned. thank god there is zulutrade to fill that gap with decent traders…right now i am actually following the one and only Jason Alan Jankovsky…and there are others as good as that…you can always distinguish a good trader out of the mass.

um…he’s new and he’s only got loses right now!!! what makes you think he’s good? are you sure you’re not him?
PROFIT
-154 pips
MAXIMUM DRAWDOWN
205% (316)
WINNING TRADES
35 (40%)

YET!!! This guy is 30+ trading history and 3 published books. The Jankovsky ! he will figure it out.if you noticed he is trading on live account :wink:

BigCud is correct using good risk management and not overleveraging your account is sound advice. if you require tools to use with your signal providers that gives you good money management and stops you overleveraging your account. You will find them for free here.

what about you Margret…hows is your zulutrade account management going on?
what is your risk factor?

Brien what have you decided? I’m just curious if you are in zulu which providers have you picked up for your account.

what about you my friend? who are you following and with what lots?

The best way to use Zulutrade - use it while you trading ( it means always) :5:
Just find the best providers and get your pips!

Hello there St. Sarah,
So, who are your best providers - the one that you follow?

I think there is no the best - as i noticed from my trading - you can find the best provider only from one date to other date. For example - the best provider in february is … So you have to change your providers time to time. I have long term providers, but it is only providers who had bad trades and i am waiting for the best conditions to close negative trades.

I have already used more then 20 or 30 providers and still searching every day.

I know that you have great experience in Zulu trading - give me some advices which providers to try?

Which one did you use and in what settings?
knowing your history will be better to narrow down to give you better advice :wink:

Dear EDDY MO!
I am using KAMA-SPOT now, but he didn’t open any positions for the last 3 days (or 2 days). Also I have deleted almost all my providers, because they changed minimum deposit. And now i have just forexsystem106 who has not a good day today. I hope everything will be ok. Can you give me advise who will be better with just 400$ deposit?And do you use zulu guard and how it works (which setting do you use). Thanks!!!

He did open one yesterday!!
Well I find it perfectly ok, if he decided to not traded some day or another. Come on, markets are not always the same and sometimes they do turn against us :wink:

:57:
Today i’ve understood that forexsystem106 played against me ))) Removed from my providers))
Do you use risk meter bar in auto settings or you set it manually?

of course i use it!!

and you should always use it, do not increase it more that 50-80% as you might loose more that you are actually willing to. plus always zuluguard you know how to use the tool, right?? to set a limit per trader how much are you willing to loose with a provider for example.