What is ZuluTrade ?
ZuluTrade Users Guide
What is ZuluTrade? I've gotten that exact email enough times that I decided that it was time to sit down and write up and article on the subject so that everyone would know exactly what we're dealing with. The result is as follows.
We'll start with all of the players involved. You have your broker, a huge group of signal providers, and of course Zulutrade itself. Your broker is the market maker. A broker is the one who has your money and who accepts your trades. At the time of this writing Zulutrade is compatable with FXCM (Forex Capital Markets). The signal providers are just individual traders who place trades on Zulutrade. These trades are then all recorded and displayed so that you can see a detailed history of every trader on Zulutrade. Zulutrade is the bridge between traders and investors. You, the end user, are then free to trade the signals of any of these traders that looks good to you.
ZuluTrade is essentially a freelance forex wonderland. They allow you to actively manage your own team of traders chosen by you. You have the ability to "hire" or "fire" a trader with the click of your mouse. You have complete control over who trades your account and, to an extent, how they trade your account. The best part..... Its Free!!!! Allow me to explain how it all works.
You, the user, has a standard or mini account with your broker. This is the same account that you would normally have if you were trading manually. You register an account with ZuluTrade and sort through hundreds of traders to find who exactly you want to trade your account. These traders place trades and if you choose to subscribe to their signals, their trades will be placed automatically on your account. If you're not happy with thier performance, you just remove them from your portfolio.
Now how is this free? Someone has to pay for this service right? The answer is yes, someone has to pay someone. The good part is that it isn't you. Zulutrade pays their signal providers for each trade that they place and the broker pays Zulutrade for each trade placed. This means that for the Zulutrade user the service is absolutely free. Now all you need to do is get signed up and start working on that portfolio. We have put together a series of articles to help you do just that. Good Luck!!
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