Good day forex traders.
Welcome to another review of the forex trading signal service ZuluTrade! It has been more than a year since we started to provide coverage for ZuluTrade and much have been learned since then. If one were to examine carefully, it is possible to earn money from ZuluTrade. This is on the condition that you follow a number of unwritten rules.
Looking at the performance chart above, we feature the current number 1 signal provider on ZuluTrade. Newwave . Over a period of 19 weeks, the current profit is 9755 pips. This is an impressive 500+ pips per week of profit.
Having said so, there is an open loss of -300 pips for now and i realised that this is a common strategy among many signal providers. Trades will often go into drawdown and be managed until the situation reverses. For the top performers, this usually works until something catastrophic happens and the entire setup goes south.
This does not mean one cannot earn from this. As we can see from above, the current setup is quite a sight to behold. I offer the following quick rules.
- Always apply proper money management. Only risk what you can afford to lose and do not over expose your forex account.
- Enjoy while you can but understand the fact that ALL top signal providers will probably crash one day. Always be prepared and cut losses to protect your profits.
- Keep a lookout for new opportunities always. Be prepared to move on when things start to go south.