ZuluTrade

This is a discussion on ZuluTrade within the Home Trader forums, part of the Trading Career category; Originally Posted by robbert i dunno how it stands for SPs, but i tried to follow and what i gained ...

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Old Jun 11, 2012, 11:16am   #337
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i dunno how it stands for SPs, but i tried to follow and what i gained was only petty cash of not even 50 bucks on a 300 dollar account
I was also having some issues with their spread..found them a bit higher..imho.
60 bucks on a $300 account,thats a nice return,what did u expect
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Old Jun 11, 2012, 11:19am   #338
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doesnt it deppend on how much volume you trade as well?
also, followers trust more singals send from a live account, not demo
sure,but people are unrealistic. I built up 1000 pips and got a following of 70k but then lost 300 pips but my annual return was still over 200%. If i were to make say 5000 pips in a year,then a 300 drawdown is peanuts.
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Old Jun 11, 2012, 11:27am   #339
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sure,but people are unrealistic. I built up 1000 pips and got a following of 70k but then lost 300 pips but my annual return was still over 200%. If i were to make say 5000 pips in a year,then a 300 drawdown is peanuts.
That's the flaw in the model for signal providers. Most followers are new and naive. You are only as good as your last trade. You just need to read the comments to see. An SP making $$$$, but some idiot lost the first 2 trades and complains how the system stinks, doesn't work, he lost his life savings, etc.

Peter
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Old Jun 11, 2012, 11:46am   #340
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That's the flaw in the model for signal providers. Most followers are new and naive. You are only as good as your last trade. You just need to read the comments to see. An SP making $$$$, but some idiot lost the first 2 trades and complains how the system stinks, doesn't work, he lost his life savings, etc.

Peter
precisely wacky,thats why im leaning towards one of the other sites.Theres too much pressure if you have a few losers and at 100:1 leverage doesnt help,the site is designed just to help zulu.The problem is zulus set up is far superior in many ways.With tradency i can only trade 1 lot every 30 mins,no taking 1/2 off or anything. Thats why im looking at etoro
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Old Jun 11, 2012, 4:37pm   #341
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very informative discussion. I just had a good look at tradezulu to see what all the fuss was about.


oh, and i ended up joining too. it was so easy. i got ranked 16752. that's a lot of traders.
the web platform u use if u dont want to link your account doesnt let u take half profit. (actually i think that goes for linked accounts too). Also you have to wait 15seconds before placing a second order and there is a limit of 30 orders per day. that includes pending orders. (if i read this here already sorry)
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Old Jun 12, 2012, 4:47am   #342
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60 bucks on a $300 account,thats a nice return,what did u expect
i get much more monthly with zulutrade. thats why i was surprised. Thought signals traders are more or less the same, why would not be the returns as well
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Old Jun 12, 2012, 4:56am   #343
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i get much more monthly with zulutrade. thats why i was surprised. Thought signals traders are more or less the same, why would not be the returns as well
youve had more than 20% on a monthly bases. Over what time period,my demo account is well down again this month,how are you guys doing
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Old Jun 12, 2012, 5:01am   #344
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very informative discussion. I just had a good look at tradezulu to see what all the fuss was about.


oh, and i ended up joining too. it was so easy. i got ranked 16752. that's a lot of traders.
the web platform u use if u dont want to link your account doesnt let u take half profit. (actually i think that goes for linked accounts too). Also you have to wait 15seconds before placing a second order and there is a limit of 30 orders per day. that includes pending orders. (if i read this here already sorry)
Just take more positions to take 1/2 off. 16752,thats about 1/4 off it,there are many that dont have their accounts on show until they are ahead
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