in the past on this forum i always saw posts from other baby pips members saying they have a very profitable trading system and they kept it secret. some were bragging. why dont those people go on zulu trade and showcase their trading, and also earn commission doing it to? help us poor people out
Because we work hard, and like to keep some privacy to our trading. I for one don’t want the world seeing my trades. I’m more than happy to help others on any areas that I also study, and I’m sure I speak on behalf of other traders, successful or not here. It’s like saying to a businessman, if your successful then show me your accounts each day so I can see what your revenue and expenses are? Perhaps it’s a personal thing, but I don’t want others criticising my trading style
Hey Stevie this post is not directed at you. I just found this thread perfect to post my rant.
[B]This post is directed at anyone who wants to copy other people’s trade.[/B]
Couldn’t agree more.
Moreover what is up with copying trades (eToro and IBFX openbook)? Letting others copying my trades? Are you kidding me.
I don’t get up at 2 in the morning to watch the markets, read the news, make my currency profile, study the market bias, identify trends, watch the confluence levels, plan my entries, stop levels and watch some IDIOT make the same money as me.
I mean it PISSES me off!
You want to make money off my hard work.
Why don’t these people try to learn Forex trading? It’s not that hard. You can be successful in about 4 years.
Fatty: OMG four years? That’s too long. I want the money. <whine>
Soon to be Trader: OMG, just four years? Really? That’s almost too good to be true. Learning violin takes longer?!
You know why these people can’t learn Forex?
Because they don’t enjoy working hard.
Hey you people,
You have never-ever succeeded at anything else in life. You have a fat belly (or a gigantic a butt if you’re a woman). You make your spouse feel bad about themselves and make them feel like a pig for wanting you to be sexier. You started learning the guitar but didn’t make past the Major chords; you joined the gym but had to quit because of your “busy schedule.” All your life you have been avoiding hard work.
And then you came to forex looking for easy money. You probably watched a hollywood movie about “Selling High and Buying Low!” OMG, how easy is that? You already told all your friends how you’re going to be rich. And now you find YOU HAVE TO WORK HARD!
So you want to copy my trades?
Why don’t I set up as a ZuluTrade SP?
What would I gain? 0.5pips for each full unit following my trades. Not worth it.
The ZT ranking system would make me very hard to find as it doesn’t suit their business model. I trade long term, and whilst far more profitable than their higher ranked SPs (by over 10x per trade) I don’t take many trades, and I let them run.
ZT want SPs who are profitable, but who make lots of trades for small pip gains. This suits their business model (charging per trade), not that of their clients.
For the thousands for hours the truly successful traders have put in developing their systems they would want to be reimbursed to a far greater degree than ZT will offer.
Actually how do zulutrade calculate the ranking?
I totally agree Jezzode.
I could have not said it any better DreadTrade. It really pisses me off when people ask for free help while you run around and due what you have to do to succeed.
You want some help, pay for it and keep in mind you get what you pay for!
becoming a SP should not been taken lightly…being a follower i can say it gets hardly followers to find it difficult sustaing profit and dd…one should be really sure about their trading system before putting things on the table.
who said anything about copying someones trades? the whole point of zulu trade is for people to invest their money so that signal providers trade on their behalf and make money, and the incentive for the provider is the commission. only a loser would just sit there and mimic someones trades. its a social trading network.
yes. I have not found a single consistent provider. they make 10-12 pips profit here and there, then theres a loss of -500 pips lol or they hold into a -400 pip position for a whole month just hoping it gets better lol. maybe they can learn a thing or two from babypips.
I think that the bottom line is simply that most profitable traders have no interest in posting on ZT. If one is a genuinely successful trader then the financial incentive ZT offers is meaningless, and if one wants to help others to succeed in trading there are more direct and rewarding ways to do it. I just think that the mindset of the vast majority of truly successful traders is at odds with the mindset of those who want to set themselves up on ZT as traders.
I think it all deppends on how much value one trades rotates…It is like telling that banks would like to become brokers (or personal fin.advisors;) …not that the fin advisors are not professional traders but they just do not work with such high volumes. correct?
I look at it this way:
My forex adventure started just a few months ago. I never counted hours, but it became a double full time job, not to mention - studying brokers, pairs, trying fundamental and technical, following bloomberg, not following bloomberg… the list is long. To learn it i had to try each gossip i read on forums. Where i am now? I am happy like a pig in a mud - i stopped loosing and i am breaking even.
I have never been attracted to any science before like i am to forex. Please note, i am calling it science, not gambling.
In country i live, i dont know anybody personally who trades. And i would give a pot of gold to have a friend in it, trading is a very lonely journey.
And if i was profitable, i am sure i would feel this way too. No wonder succesfull traders tend to start “teaching” for money. They have to kill amount of time they have on their hands somehow.
But in meanwhile, it is a hard work for me.
…but anyway.
this is what i openly said a few times to a few apparently successfull traders.
I will share my profits to anybody who is willing to take a prodigy under their wings.
For the moment i havent met a person who would agree to a fair deal. Why not i dont know, seems you all prefer to watch the charts on your very own.
And i understand a comparison to a profitable business man, i am one of them /for a few years until Dec 2011 /, thats why i am offering a price for a favour.
It’s an interesting one - I can understand why people would want to keep their trading systems/results personal - after all it’s taken a lot of work to develop them. We have been working with a quant trader recently, who has been helping us to refine our systems - and the work they have done is all very hush hush.
Not only don’t they talk about their systems - they are also very private people. You would simply never know they were quants.
Has anyone read the book “The Quants” ? or have experience of this level of automated trading?
too much ado my friend too much ado!!
this is the reason i did not engage into learning the secrets of manual trading, im much better off with my zulu-autotrading that with the mt4 manual trading… I might not get as high returns from copying but at least they are more or less stable.
good luch trading!
lol @ more or less stable. sounds like you have not been on zulu trade for that long.
I’m very sorry, but I don’t understand the question.
That’s all Zulu trade is. A trade copying service for a price. Social or not, if you’re following someone, you’re trading when they do.
excuse me, what is ADO?
hustle, fuss…as in much ado about nothing