Quote from irniger:
If you want to be successful with Zulu, you need to know forex trading and be successful at it without Zulu. Zulu is just a tool and not a money making machine. As any good tool it is as good as the knowledge to use it. So one has to know forex trading and then learn how to use Zulu as a tool.
With your knowledge about forex trading look at each provider. How consistent is he, how careless does he place orders, how carefully does he watch his trades? Your profits are dependent on him, but you still have to watch his and therefore your trades. Without knowing forex trading, you are lost; learn forex trading first and then trade with Zulu (the tool).
When choosing providers look at their Win% rate (>95%), the max DD in % (<50%) and the DD in pips (<300 pips). They should have traded in Zulu for at least 8 weeks. Then look at the past at least 80 trades and watch out for the highs and lows of the trades. The lows should not exceed 50 pips, with perhaps one in 50 up to 100 pips. Further check, whether he has been trading every day, so you know he watches his trades. Look at the open positions. If there are any older than 2 days could mean that your capital might be bound in often only "big hopes" instead of working for you. Check the trend of the open positions with your own charts (Metatrader for instance).
Spread the risks. Choose as many providers as possible, up to 100. Choose one trade and one lot per provider only. With the $ 50'000 starting capital your max. lots should be 15. Once you have made profits, increase the number of max. lots by 5 for every additional $ 10'000 in capital. In the demo one can only use Standard lots (of ($) 100'000, with 1% margin). In the live version one can set mini or micro lots.
When trading live, choose mini or micro depending on your capital and increase the max. lots accordingly. The more providers you trade with, the better the risk distribution. It's better to trade 100 mini lots (one per provider) than 10 standard lots.
Should you trade with a large amount of capital, use several brokers. There are sometimes problems in the signals transmission from provider to Zulu to the broker.
Use demos until you have made an average of 250 pips per day for one full month. This amounts to about $ 50'000 profit. Once you have reached this target, you are pretty safe to trade live and be successful at it.
Happy trading, Felix
