ZuluTrade is a fairly well-known platform used by many traders from different parts of the world. It has all the conditions for copy trading and if you are willing to share your strategies you will earn money. It’s a social trading platform, a lot of services are dedicated to communicate traders and share their experience, like chats and forums. The site is available in 24 languages, and there’s a Russian version as well. This client oriented website is very easy to learn.
How does it work?
If you are a trader, just connect your trading account to ZuluTrade and share your strategy, or use the strategies of more successful traders.
For investors, ZuluTrade offers an excellent opportunity to choose traders for automatic trading by copying their trades, depending on their risk tolerance and financial mood.
The point of trades copying is not to limit your portfolio composition, to orient yourself flexiblely on the market, to get diversification of your portfolio and competently manage the risks. It is impossible in the case of PAMM-accounts, that is why the idea of copy-trade is profitable and convenient.
It is like a platform for communication between a client and a service provider, the signals do not come directly. But only through the service. It analyzes the parameters of the deal and automatically decides whether to open the deal or not. There is no human factor: a subscriber does not have to monitor trades online or stay on his or her broker’s platform.
This is a great way to get started as a trader. A trader who does not have complete information about the principles of the market and cannot analyze the asset. The service is perfect for traders who simply do not have time for a full immersion in the world of finance. However, it should be understood that the use of the service does not guarantee earnings and trade even in the mode of copying transactions carries the risk of losing a significant part of the balance, because even professional traders, at times, make mistakes.