I suggest you guys follow my forex blog for more ZuluTrade related content. This is where I post nearly all my forex related content:

http://alansforexblog.com

Money management can’t stressed enough. Asses individual trades then set up as you yourself would trade. For me 1 trade entry at a time and steady as you go. Think “The Way of the Turtle” whether trading yourself or allowing others to trade on your behalf.

For example I open 1 trade at a time so my ZuluTrade is set just the same. Start off with micro with micro lots multiplier set to 1 or 2 and max total open trades to 1 as well then adjust your max. open lots to your choice, mine is 10, naturally the more providers the more lots but again correct money management rules.

I found a handy money management calculator, try it yourself. : http://www.goforex.net/money-management-calculator.htm

There is no reason why ZuluTrade cannot work if managed correctly. Good Luck.

Perhaps what some signal providers try to do is trade conservatively at first to gain the trust of zulutrade users, and then later on they decide to “cash in” by opening more and more positions with larger and larger lot sizes so their rebate from zulutrade’s brokers will be larger and larger - ie they make more money!

Sad, but yeah you have to keep an eye on your signal provider less they go haywire and blow your account.

I had slipped with one of the providers which lost about 55% of initial deposit, then I lowered my risk and gained back 30% and decided to move to FXCM micro account, because FXCM had better and faster execution.

But I had never funded FXCM account, really don’t know why now..

Maybe it seemed a bit too high risk to underly to unknown trader, who has 3 months or less past performance.

Also, I noticed that the best results with low risk reward ratio has the new traders - they start with little initial amount of money and carefully trades to get better past performance. And with every trade they become more and more gready - they open the same position 3 or 4 times in a half of minute. So you must be ready to check the provider how much trades he generates within one little period. As my selected provider was opening 2 or 3 trades and later on he moved to open 4 to 5 positions and if they goes wrong - 3 or 4 more. If user does not limits the opened positions, he soon can come lost..

The best way to use this service - open micro account, select few providers who has even graph of pips, not sudden spikes, analyze how many trades they open within the same minute and limit opened positions to max 5 per provider. With such settings you may enjoy steady slow growth, otherwise you will repeat my fate (oh I wish I had read such info before I had traded).

Besides, when I was trading I was looking for a rebate service for Zulutrade, and there were no at that time.. Now you can get rebates from me, just register at my site at ForexTradinChoice.com. As I was calculating, with $5000 account I should have got a rebate of $300-$400 hundreds, so it’s to everyone’s choice, to use or not to use Forex rebate service.

Man Financial are one of the largest (maybe the largest) forex and futures brokers in the world. They also so Spread BEtteing and have a big presence in London. The broker I used to trade with here in the UK, GNI, were taken over by them a few years back. They are a plc and their shares are quoted on the London Stock Exchange.

Regards,

Pete