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ZULU TRADE- A POWERFUL
NEW IDEA ..
BUT BE CAREFUL, PLEASE READ BELOW FIRST:
NOTE: Please read everything below carefully
before clicking the link to go to the Zulu site.
ZuluTrade may be one of the most innovative
ideas ever to enable the average person to start profiting from
the enormous potential of Forex. Over the next months and years,
we may see a virtual 'stampede' from the stock market to forex
as traders realize that, properly managed, it is better and
safer to trade in a large, liquid, worldwide
market than the US stock
market
which is constantly influenced by political and financial events,
along with buyouts, sup-prime woes, collapsing banks etc etc.
As ordinary people turn to Forex, hoping
to see profits, the problem will be that the learning
curve can be a long one. You don't learn Forex trading overnight.
If you are a skilled technical stock trader, you will learn faster,
but if you are new to trading, or not yet skilled in chart reading,
chances are it will be a long time before seeing consistent profits
from Forex (or any other trading).
Enter ZuluTrade ..
you can open an account with as little as $1000 and allow experienced
Forex traders (real people, not automated robots) to
be linked to your account so when they trade, you trade. Some
people are making 20% or more return per month. A few have made
over 100% per month. The potential is awesome.
However .. in Zulu, there are still a lot
of 'cowboys' .. my term for traders who do not really know how
to trade but play a giant numbers game, knowing that with ENOUGH
starting capital, eventually they will win. In other words, they
open a trade and just wait it out .. it may go against them several
hundred pips, but eventually should turn around and go in their
favor. This is not trading.. but it can make someone "appear"
to have a winning track record in trading. Problem is, people
like this can "blow out" a smaller account that cannot
ride out the large drawdowns.There have also been problems with
Zulu itself and with their broker that have caused good
trades to turn into disasters due to stops not being observed
by their broker or the trading platform itself. Zulu has been
working to correct this.
So how to benefit from Zulu with minimum
risk? Follow these steps:
1. From the Zulu website, you first must
open an account through one of Zulu's participating brokers.
Links on the site.
Zulu allows you to start with as little
as $1000, I suggest a minimum
of
$2000.
2. Zulu will only allow you to trade mini
lots for your protection .. you make money slower, but you also
risk far less in losing money. So while waiting for your account
to be funded, open a DEMO account (free) with Zulu and choose
some providers to link to that account.
3. In your demo account,
you have a place to set the number of lots a provider can open.
In the beginning, set this number to 1 lot and 2 maximum lots.
This will give you a better idea which providers are making
money consistently in your account. Now watch the progress
of the providers over the next 2-4 weeks.
4. When your real
account is funded and when you feel you are ready, choose ONE
provider for each $1000 you have deposited in your real account.
Set the lot & max lots numbers to 1 and 1. YES .. you will
start slowly, but this will keep you safer, and your account
SHOULD start to grow steadily. Everytime you make another $500
in your account, you can either add another provider OR increase
the lot size for a provider you already have.
5. Check your account
daily to make adjustments, but remember any provider can have
a bad trade or even a bad week, so don't be changing providers
constantly, you need to give them a chance .. and in your real
account, these should be people you have already tested in
your demo account. Use your demo account to keep testing new
providers.
WORD OF CAUTION: due
to the complexity of getting this sort of system up & running,
there have been problems. Sometimes a stop is not honored in
time and drawdowns can be much larger than the provider desired.
You must have enough funds to cover unexpected drawdowns and
emergencies. You must NOT allow too many lots to be open at
the same time. Choose your providers carefully & any losses
should be quickly made up by consistent gains. As mentioned
above, Zulu isworking hard to correct these problems.
Email
me with any
questions, I know ZULU may seem a bit confusing at first, but
it is worth your time to figure this out .. even if you are
trading your own account, you can have a 2nd one at Zulu AND
you can get some trade ideas by watching how your best providers
are trading, i.e. what new trades they have opened.
OK.. now click to go to ZULUTRADE
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