HOW TO OPEN AN ACCOUNT
TABLE OF CONTENTS: HOW TO OPEN AN ACCOUNT
1. Opening an account on ZuluTrade
1.2. Basic Account Configuration
1.3. How to copy professional traders
1.4. What parameters should I use to choose traders?
1.5. Controlling the returns of my account
1.6. Adding and removing traders
2. Simulation of your trader portfolio
2.1. How and why to stimulate your trader portfolio
Configure your account following the next post.
1. Opening an account on ZuluTrade
1.1. Creating a Demo Account
A Demo Account is ideal to try and practice strategies. You can open one here and follow our manual to configure it
1.2. Basic account configuration
Follow our guide here.
1.3. How to copy professional traders
You have the following two options:
Use Zulu4me.com which has all the best active traders using their Data Scraping system and is periodically updated.
Or look amongst thousands of traders and use the filter offered to decipher which is the best for you.
1.4. What parameters should I use to chose traders?
The top 3 parameters are:
- Performance
- Risk
- Trading History
There are many more to consider, but these are the most important.
1.5. Controlling the returns of my account
1.6. Adding and removing traders
Traders should be seen just like any other investment like stocks and thus should be treated as such. Of course, you can add or remove any trader or portfolio when you want but just like stocks too much movement can lead to mistakes. Of course, a trader that continues to disappoint should be assessed but one bad month doesn’t equate to automatic removal. Adding traders should be done when more capital is added to the account, or you have terminated a trader in your portfolio.
When adding traders the best place to find which trader to add is on Zulu4me.com where they have rankings of trader using many criterias that is constantly being updated. These traders are chosen using their Data Scraping System which analyzes large amounts of data from traders to select the best at your convenience.
2. Simulation of your trader portfolio
2.1. How and why to stimulate your trader portfolio
Simulating your trader portfolio is a great tool that you can use in order to have an idea of what your future performance would be were you to invest in those traders. It is a great way to practice and see how certain trader or number of Lots would affect your return. Of course the predicted return is not guaranteed but the projection will not be far off. In order to use this tool we recommend going to Zulu4me.com
2.2. How to simulate returns of selected traders
2.3. Tricks to achieve a realistic simulation
Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.
