Good day forex traders and readers.
Welcome to another of our popular unbiased ZuluTrade review where we feature noteworthy signal providers.
In the previous review we noted that the week brought about a positive outcome for DailyBot SSI – EURO at a total profit of 3693 pips! It probably earned a profit of at least 100 pips for followers with stable brokers. ( lag may result in pips slippage and hence a stable reputable broker is recommended ) We noted one reader who followed this signal provider and made 80pips.
This week DailyBot SSI – EURO came in positive again. It is now standing at a 3715 pips gained. Readers will notice that the amount of pips gained is only 22 pips. My opinion to this as mentioned previously is that there is no overnight riches to be gained in forex. We are looking for a slow but consistent performance for our account balances. Even a pip in profit is better than a loss 🙂
A reader wrote to me in the middle of the week and asked why is she losing a lot of money in ZuluTrade. She shared with me her choices of signal providers and trading methods. I think it is a good case study of us all. The problem lies in the fact that her choices were made based on fast profiting signal providers who perhaps had a lucky streak thus generating hundreds of pips. However these signal providers often do not have a viable trading plan and incur massive losses soon after. She would also increase her exposure beyond the means of her account balance thus getting a margin call.
Dear traders, not all signal providers are created equal and hence always be prudent when making your choice! Proper money management is a must too as always 🙂
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