Profitable Zulutrade Signal Providers

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Zulutrade Signal Providers

I am constantly testing Zulutrade signal providers and will continue to do so until I am entirely happy with my results.

My own current risk profile limits me to just a handful of their providers right now due to the fact very few use sensible stop losses, many being over 500 pips which is simply ludicrous given the fact that more often than not a profitable trade is very rarely more than 25 pips.

20 winners can be totally wiped out by 1 loser but with most winning trades being 10 or so pips it seems to be more like 1 losing trade will wipe out 50 winners.

There are some quality Zulutrade signal providers who do use sensible stop losses, I will soon be going live with them and am looking forward to making some good profits with them.

I am also considering becoming a provider myself because I feel that any zulutrade signal provider that uses proper money management when trading will soon build up a huge following of zulutrade signal users.

It is still early days for me and my experiences with Zulutrade, it seems like a brilliant system and having been running since 2006 it has stood the test of time so far.

As a Zulutrade signal provider I will need to be sure that Zulutrade do pay me the commissions I make, if all work out well then I will be recommending many of my profitable professional forex trader friends join Zulutrade as well. Because I know all my trader friends personally and I know they trade with very strict money management rules I will be more than happy to open accounts via Zulutrade and let them trade my real cash funds live. I CANNOT WAIT!

Zulutrade pay 0.5 (half a pip) commission to thier signal providers per trade excecuted NOT per pip traded. Do the maths. This means that as a zulutrade signal provider it is actually better to take multiple trades at once and many trades a day.

So for instance if a zulutrade signal provider sees a trading opportunity, he will take upto 30 positions which in my oppinion is bad money management and very risky for his users, zulutrade do protect you against this but for less experienced users it could prove disasterous.

So a zulutrade signal provider opens a trade with 30 positions, say he has 100 users following his signals and they all trade just 1 lot, that's 30 time 100 times 1 = 3000, time 3000 by 0.5 of a lot and thats 1,500 pips if that trader does that 10 times a day thats 15,000 pips half a full lot is roughly $5, 5 time 15,000 is $75,000.

That is for 1 lot traded per zulutrade signal receiver, what if they traded with 10 lots each, $75,000 becomes 750 thousand dollars for one days commission for a zulutrade signal provider.

Not bad for a days work. That is why I want to test it myself and make sure zulutrade pay up at the end of the month. It sound to good to be true.

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