Top 10 things you need to know about Zulutrade

1) Most of the providers are trading demo money.

They can afford to sit out large losses because they don't feel the pain.

2) Profits will likely be 1/10th of the demo account.

Demo accounts use full-size (100K) position size. Unless you will have 50K to invest, you will be using a Mini Account (10K) and the profits (or losses) will be 1/10th of the demo account.

3) The size of the loosing trades (amount lost) in most cases will be larger that the size (amount won) of the winning trades.

This doesn't mean you can't make money. As long as your winners outnumber your losers, you will be in the black! For example, you may have series of winning trades, and you are up 160 pips. Then a trade could come along where you loose 120 pips, and you are now back down to +20 pips.

4) Drawdown is inevitable.

Trading forex is extremely unpredictable, and even the best good traders will have loosing trades.

5) Beware of providers with very high % profitable.

They often leave trades open for as long as it takes for them to become profitable again.

6) Some providers trade under multiple names.

Zulutrade recently added a feature now where we know who is really who which is extremely helpful.

7) The Zulutrade platform has had some history of issues where trades were not placed or execute properly. If you loose money because of a glitch in Zulutrade's system, Zulutrade will not reimburse you for funds lost. This has not been a issue for me.

8) Currency trading is stressful and every unpredictable. If you are going to invest real money, start small and slow.

9) Zulutrade support can sometimes be spotty and I get the sense that is an extremely bare-bones operation.  

10) Picking signal providers is a lot of work, and that's where I will try to help with this blog!
 

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