Hi All
The aim of this post is to encourage people to join the discussion on how to make money using any of the social trading websites like zulutrade
The emphasis will be on zulutrade but any other site discussions are also welcome
My background :
I am about to put about 10k in zulutrade
I am choosing top 10 providers and using the auto risk allocation mode set to 50%
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on a side note I am also trying to put another 5 k on some of the risky providers
Please post your thoughts
hello 
which providers did you choose and how are you following? …lots and trades
I’ve been watching zulu guys for quite some time, but it seems to me that their strategy usually works only for a limited amount of time and then it collapses. But not all of them of course. Also if you choose a provider, you need to believe his strategy no matter what! If you doubt it, you will clear you account really quick. Last thing I noticed is that there is a lag between the time when provider opens the position and when your position is automatically opened. Sometimes it can be difference of 5-10 even 15 pips, so I would consider provider who’s not a scalper or takes only small profits.
Hi eddy - Thanks for responding . I am picking top 10 providers at the moment and then just adjusting the risk meter to 50% - This will set up the lots automatically
I am scared to change anything with half knowledge
That indeed is a very good point-- Thanks a lot
Why not searching providers by using the advanced search funciton ? Its a very powerfull tool and you should consider trying it out.
hey insighter242,
remind my again, what is your initial equity balance and leverage? …then i will be able to help you better :54:
low risk meter is good, but as well might not give you the desired results.
starting with 10k USD - leverage is 50:1
I think your margin-o-call meter is to low, there is a way to increase a bit more (up to 70-80%)
btw, which ten providers are you following?
OK. As I sais earlier I always choose the top 10 providers at the moment and change them every week .
let me get that straight, you chose the top 10 all the time ???
there are also other good providers and down the rank ladder, you know that…
Yes , you are right and I am aware of that - but I donot have the expertise to analyse them - I have soem knowledge but I think if I act with taht 50% knowledge then I will more likely screw up something .
I am simultaneously trying to speak to othr zulutraders and also to get some professional help . But I havent found any competent professionals until now…stll searching
my friend, you do not have to have the expertise to analyze providers and their strateiges, i also still dont understand them…but i regularly check the alchemy - see who is following whom and how, and then see the rankings, the forums, discussions and then decide upon it.
do not look for professionals, i doubt you will find any in the retail forex trading anyhow, most followers are regular people with small equities and knowledge about how things works. afterall what we do here is our account management, not the trading itself.