As a trader, let me tell you that the moment you start trading, the first thing you will struggle with is confidence. It is one thing to learn everything from eBooks and videos, but it is a completely different thing to implement that knowledge in the real world. When you go live for the first time, you feel huge pressure. How do you gain confidence in that scenario? Well, you sign up with the right platform for forex trading. I’ll help you with that, and that’s why I have decided to write this ZuluTrade.com opinion and guide.
My personal experience is that you get the best results out of your trades when you are trading confidently. That’s because you can think straight and make the right decisions. Learn more about how this platform can help you with this in this ZuluTrade review.
Copy the Best Traders
As an investor, you want to take every measure that helps you secure your money and keep yourself from losing it. When you are just beginning as an investor, there is always a high chance of losing money because you are not fully familiar with all the factors that can affect the outcomes of your trades. However, when you have traders who have gone through it all helping you with your trades, chances stand with your side. These traders can also make mistakes or make wrong predictions, but the chances of that happening are very low because they have been trading for years.
What you would really like about ZuluTrade is that it ranks only the top performing copy trading service providers from their ecosystem. These are the best performers on various KPIs and are promoted for their great statistics and consistency. So, when you follow them, you can say that you are copying experts.
Know before You Pick
One of the things that you have to learn about ZuluTrade is that it serves both, traders and investors. When traders sign up on this platform, they agree to share their trading details and records with the platform. When they disclose this information, it is made available to the investors. In this case, you are the investor. The best part is that you are given all the details about the traders before you pick them. You have lists of traders available in front of you. You can look at their details however you want and compare them before you reach the final decision of which one you want to pick.
If you are clear about your trading needs and financial goals, you can always pick the trader that aligns with those parameters. There are different types of traders who have different preferences. Some are interested in trading cryptocurrencies, and you can check that in their records. When you are interested in forex trading, you can always pick the ones that are expert forex traders. In the end, it should give you confidence that you are not following someone without knowing them.
Deviation Is Dropped
The way ZuluTrade has designed this platform is to benefit traders as well as investors. While traders are able to make some money from the successful trades they make on behalf of the investors, you, as an investor, will benefit from the platform that has the appropriate risk management tools to help you. It is possible that a trader might go off course from their typical trading strategies. If that happens, the risk management tools can help you correct the course. Please keep in mind that the tools should be in use you, based on your risk appetite.
The company has named this feature ZuluGuard. This feature makes sure that when a trader deviates from the set path and is not aligned with your trading goals anymore, they are dropped off and you can’t copy them anymore.
You never want to start shakily because that’s going to put a lot of pressure on you in your first trades and push you to make wrong decisions. What I like about ZuluTrade is that this platform is designed in such a way that you gain confidence as a result of joining it, and that’s exactly what forex traders need.