ZuluTrade.com Scam or No Scam?
November 17, 2009
The question here is ZuluTrade.com a scam outright, or is it a website thT WILL TURN YOU INTO A PROFITABLE TRADER.
The truth of the matter is, Zulu Trader itself is not a scam, even though this website must make its creaters millions of dollars each year, it really can make anyone who wishes to trade with them a success, if and only if you can find a successful signal provider whose signals you can follow.
Therein lies my concern that ZuluTrade.com is not a scam, but is filled with “scammers” in the sense that these so called signal providers have no business being in charge of their own money in this market let alone ours.
This is not true of some of the signal providers on Zulu, but the vast majority of signal providers will indeed lose you money. This is not an opinion on my part, rather a sober fact based upon researching on ZuluTrade.com.
Do Not Fear, MO4Forex is here… to find you some good signal providers.
Zulu Trade is very interesting in the sense that if you visit my section of it http://mo4forex.zulutrade.com you will see the signal providers that I have weeded out for you to be the most profitable and worthwhile to follow. This is rather important that you pick from one of these providers because very few others will make you money, rather, they will lose you money.
Here are the top Zulu Signal Providers that are not Scams
| Provider Name | Pips Earned | Money Earned | Max Drawdown | ROI | Winning % | Followers | Subscribe |
| Surfing | 3107 | $28,545.00 | -134 | 57% | 98.7 | 1405 | Follow |
| The Hunter | 593 | $5,932.00 | -49 | 12% | 78 | 1325 | Follow |
| Cheetah | 9817 | $98,090.00 | -1680 | 196% | 95.8 | 910 | Follow |
April 3rd, 2010 at 11:20 am
One very important requirement to be successful with any trades provider is to have a lot of experience with Forex trading. Only then can you evaluate a provider and his actions. Here are my rules (and I would gladly discuss them with individuals irniger@gmx.net):
1. choose only one contract per provider to spread the risks
2. max 25 contracts open
3. forget the ratings, do your own homework:
3a. high % of winning trades, at least 80% AND low drawdown; to determine the real danger of the drawdowns, go through the list of a provider’s closed trades and look at 3 - 4 pages of trades and at the minus spreads; if these spreads are usually less than 200 pips, it should be ok.
3b.no old stuff in the open positions, only 1 - 2 days old and few minus pips, max 100 pips each,
3c. no risky traders, only those with nice and smooth profit upline,
3d. open positions in $ max 50% of account size; if you got $ 60′000 in the account, open pos. should only be max $ 30′000,
4. Check your providers regularly; kill the lame and the loosers, there are always new ones coming in. But include them only after they have 8 weeks of trading with good results.
5. Include as many providers as possible to spread the risk. I got about 80 good ones at present - but they could go bad anytime. I now have enough experience and very good results to start going live.
There is more, but it would be too much to publish it here. I would really appreciate contacts with other Zulu users, demo or live. Regards, Felix