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Unbiased ZuluTrade Review Update 29 Jan 12

Good day forex traders.

Welcome back to another unbiased review of the ZuluTrade service for you. In the previous review, we noted that i have decided to put my money where my mouth is and give this forex signal service a test drive with my real money.

The account went live on 24 Jan 12. After some deposit fees, my account started at $290.56.

First 2 days were closed in the red. By the end of the second day, i clocked a loss of $48.5. Something was wrong, very wrong in fact. I quickly took a closer look at my signal providers and realized that the history log of trades told me stories. 

gktrades tried to pick a turning point excessively as it opened trade after trade against the trend. This was risky trading revealed in a bad trading day.

MY BEST SYSTEMS was similar and went further down the road of risk. I noticed that the signal provider closed the position and immediately opened in the opposite direction. This was an apparent sign of reckless emotional trading revealed under the stress of a bad trading day. Negative comments were appearing on MY BEST SYSTEMS’ page.

Both signal providers were removed from my profile immediately.

On the contrary, Forex Cruise Control displayed restrain and patience. It was happy to clock a small profit for a day and then wait out the stormy volatility. A check of the trade history showed mostly green in recent days and comments were good overall.

I decided that my future signal providers should minimally have 

  • a history of mostly green trades in the recent days
  • no adverse comments on their page
  • no signs of flip flop and excessive trading against the trend
Based on the above, i added two new signal providers to my profile. 

Triple X – $581,158.13 total balance of LIVE accounts, are following this signal provider.
HighProfitFactor – $10,561,669.12 total balance of LIVE accounts, are following this signal provider.

I am pleased with the 3 signal providers so far. They were protective of the account balance and chose to close out unfavorable positions with a small amount of profit at the earliest opportunity available.

At the end of the trading week, my loss improved to a loss of $46.20.

Lesson learned. Most people probably failed because they chose signal providers based on general statistics. It is crucial for one to dive into the details such as trading history to identify the style of the signal provider! Thankfully i realized my mistake early and now i am on my way to recovery 🙂

Ready to ZuluTrade? They provide demo accounts too. Click below! Remember. I use AAAFX for the best possible experience with ZuluTrade.


ZuluTrade - Autotrade the Forex Market like never before!

You can read our initial Unbiased Review of ZuluTrade here.
( Warning. Only trade with money you can afford to lose. You are responsible for your money! )

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