Disclaimer: I am not affiliated with promoting Zulutrade or any of it’s traders.
I made a thread a while back regarding me possibly using Zulutrade while I am learning about the forex market. There is a trader on there that has been getting some stupidly impressive results, 95% winning trades, and the community loves him, but it’s almost a “too good to be true” sort of thing.
Provided that I have the necessary stops and risk factors set up, would it be better for me to try out Zulutrade while I learn about Forex instead of dumping my idle money into the stock market(ETF or Mutual funds).
Even if the trader can keep up at 20% of his current gains, I would be happy, as that would produce more money than the stock investments.
learning how to trade fx market…xmmmmmm thats a bit too bold as a sentence, i’d say you either have it in you or you dont. don’t think is smth you can learn, unless you get certified by the corresponding authorities…right.
so, best choise out there remains zulutrade - get yourself an autotrading account, feel ok and save when others do the trading for ya, and you simply get to protect your account with as much as you like. its like reading the news, but not making them yourself as a journalists.
indeed kama-spot is a great performer, he has a 2nd account as well that has an outstanding performance (current #3) as well there are many other good traders. as for the results, if you know well simple math and stats, combined results picture and one by one trade - totally different story.
How should I minimize the risk of using Zulutrade? I know there must be settings to prevent huge pip loss trades. Even though this guy has a good track record, it’s still my money in someone else’s hands. I would need some sort of trade protection to help me sleep better at night.
Think there’s a forum on Zulu, you may want to check it out for more info on how to minimize risk and opt for certain settings. In addition, Zulu does provide you with a few additional options, on the same topic. On the options, Zulu is more of a copy trade feature where as with stocks, you’ll need to trade manually, good luck!
Seems like even with minimal risk(1-2% of capital per trade), following these traders will outperform a yearly stock market index in a period of only 3 months. Starting to wonder if these results are too good to be true or if they are realistic.
Use zuluguard - sets dd limits, trade limits, pips per trade loss you can handle; use advanced trading setting - use stop/losses that work with specific levels you like, you can manually close trade you dont like or reverse it, backtest to get the right setting you would like to follow with…so many options. But zuluguard is the best tool of them all - that protects your capital. As the other fellow member said we have lots of discussions that help us followers to trde better with various traderss.
What i mean and what are you describing is zuluguard - you put it on each trader- set the limits in pips and traders as well as how much budget you wish to allocate and then you DO sleep better at night!
What i mean and what are you describing is zuluguard - you put it on each trader- set the limits in pips and traders as well as how much budget you wish to allocate and then you DO sleep better at night!