Since a couple of years a new phenomenon is seen in the global investing scene and still gaining popularity: copy trading with brokers like Zulutrade, also referred to as forex copier. What exactly is copy trading? Where can one practise that? In this blog post these questions will be answered. Copy trading is the a strategy which involves copying the trading moves from other (professional) traders. Social trading is a growing phenomenon without borders. A merging of traditional forex trading with the success of social media networking.
What are the benefits of copy trading with Zulutrade?
- You don’t have to be a professional trader yourself.
- You can learn from the best traders in the world.
- Limit the risk of losing money by following more than one trader.
- Traders can make money when stock go up AND down.
A trade book is a digital index in which you can follow the traders you want. Zulutrade offers this kind of trade book and lets you copy the trades they make: copy trading. The word speaks for itself: copying a trade.
Zulutrade Unique Selling Points
- Auto rotate traders
- 192 countries, 100,000 traders
- Free to use!
- Live charts with rates
- Economic calendar
- Free hosting of your strategy
- Autoprotect with Zuluguard
- Trade on the go with apps
The auto rotate function is unique in the world of forex copy trading. Zulutrade will detect the change in a strategy of any trader that you follow in your portfolio and based on indicators from over 100,000 trader portfolios. When the red line will pass the blue line, the trader you follow will be removed instantly from your portfolio and all positions open will be closed to protect your account from depleting. Zulutrade will the pick a trader to replace the other one, based on ZuluRank technology, with the same or even better ranking in your portfolio.
Zuluguard automatically removes bad traders from your account, based on the trading behaviour. The tool automatically calculates an exit value for each trade opened and based on the best and the worst trade chart. When the red line hits the blue, the position will be closed and replaces with another trader with an equal rank.
Free VPS hosting
The free VPS service is available for both leaders and followers who want to keep their Expert Advisors (EAs) on a remote server. The VPS supports 60 brokers, and all those brokers’ platforms are already pre-installed in your VPS account – so you are ready to roll.
The Lock Trade feature is an alternative to ZuluGuard and gives you more control over your automated trading. With this tool, you will be the one having the last word over the signals coming from the signal providers you follow. Explained simply, the tool lets you take over from a signal provider you are following when you feel that they are taking unreasonable actions and manage your open positions manually.