Recent content by BurtsDog

Poker is not really considered gambling. It is a game of skill and odds. Likewise, counting cards at Blackjack is not considered gambling but a game of skill and odds. Great trading can be likened to these. Great traders place calculated bets when the odds are overwhelmingly in their favor...

http://www.glassdoor.com/Reviews/Employee-Review-Maverick-Trading-RVW5905426.htm I worked at Maverick Trading Doesn't Recommend Pros You may learn something useful that you may not have learned otherwise (without investing your own time and energy). Cons Total fees are $5,000 for membership...

From the web... "Total fees are $5,000 for membership paid one time, and $200 per month for desk fees. You are also required to put up an additional $5,000 for risk capital. It will cost you $12,400 to get started the first year."

There may be terrible systems on ZuluTrade, but there may also be sound systems on ZuluTrade that simply get hit from time to time by max drawdowns and unrealistic subscribers bail because they have no fundamental understanding of the way most successful trading systems actually work. The vast...

The ZuluTrade site seems to have serious problems. Pootum's ROI (since inception) is -39008.34% ? And it's been negative for several days.

Looks like he dropped to #44 for some reason.

After taking a quick look my first impression is he might be using a fairly straight forward long/short trend following system that is long when the trend is up and short when the trend is down.

If you are a signal provider you are not required to have a 'live' account (an account with money). You can send your signals via a demo account. However, followers are made aware of this by ZT and many understandably don't like it because they realize the SP does not have any skin in the game...

I think the signal providers all have terrible EAs they basically copy and paste and tweak a little. So far I have seen no truly professional signal providers either past nor present. Of course, this is what you might expect if followers are looking to triple their money in 1 year. You're going...

Kama-spot blew up around June 2013 and Saved FX blew up around April 2013. Sad to read the posts of followers. Thu Jun 13, 2013 10:44 PM "now that you destroyed nearly 6000 pips profits and you are practically at zero pips you must stop trading"...

Actually, you only get .5 pip per trade from followers not living in the US. For US followers you get some flat rate based on the subscription they pay to ZuluTrade. http://www.zulutrade.com/trader-guide This lady tried to figure out what signal providers make, but I noticed she only posted...

Was checking out the signal providers on ZuluTrade. Did not do an extensive search and not 100% sure about my math but it seems like the best providers are only making around $20,000 USD per year. A provider with $2,500,000 in followers / $100,000 (one lot) x $10 per pip / 2 (.5 pips per traded...

Cool. I'd like to hear about your experiences. My first system probably won't be ready for another year but I am seriously contemplating becoming a signal provider. To me, it's the next best thing to having something like your own hedge fund. If you have a winning system the quickest way to...

Good luck man. I'm rooting for ya.

I think people are looking at sites like ZuluTrade in the wrong light. As a serious trader, your goal should not be to become a subscriber. Your goal should be to develop your own winning trading system and become a signal PROVIDER. If you can pull it off you will get a lot of subs, you will...