A review of Zulutrade: Automatic trading

As you probably already know, certain Forex brokers offer automatic trading systems using signals. Among these systems one in particular is notably appreciated by traders, Zulutrade. Here are a detailed review on this investment method.

The operation of Zulutrade:

The trading signals operation used by Zulutrade differs from the other analytical methods in the sense that it relies on the principle that if it is possible to identify the best members of a group then it is possible to determine probability calculations according to their own signals.

By studying the winning and losing signals, Zulutrade calculates which are the better performing signals suppliers thereby enabling their members to trade using quality signals and avoid the scams.

The Zulutrade model therefore offers certain very strong advantages concerning automatic trading, but that is not all. In fact Zulutrade also offers access to the analytical methods of the signal suppliers and therefore offers the opportunity to understand some of the reasoning that leads them to foretell one trend or another.

Zulutrade also demonstrates perfect transparency and an objectivity that is essential for maintaining its trade. The signals it offers are therefore studied in a neutral manner and are checked before being communicated to their clients whereas other brokers are a little less particular over the quality of their trading signals.

A system based on a community of skilled traders:

Another particularity of the automatic trading at Zulutrade concerns the community that is centred on a number of serious and experienced independent traders. Through exchanging their ideas, strategies and viewpoints on the markets and their movements, the registered traders benefit from a truly interesting and complete methodology. With the Forex, as with all the financial markets, unity is strength and this is why brokers around the world are increasingly attracted to what is referred to as  ‘social trading’.

The classification of the best signal suppliers and its continuous development is proof of the honesty and objectivity of Zulutrade in the context of trading signal providers. In fact, when a supplier makes a mistake, their position in the classification is immediately revised downwards and replaced by another signals provider judged to be more effective and profitable by recent general achieved results.

Our conclusion on the automatic trading from Zulutrade:

We can therefore summarise this analysis of the automatic trading solution from Zulutrade as being generally positive. It is currently one of the best methods of trading without any particular knowledge of the Forex and of making rapid profits by speculating using quality signals information and objective reasoning.

Zulutrade also offers the possibility to start with a free demonstration account for new subscribers to test the profitability of the signals offered. From there, and when you are satisfied with the trial, you can subscribe to a monthly membership to benefit permanently from this valuable assistance.

Automatic Trading : Should it be trusted?

Although the Forex is experiencing a time of glory and becoming more and more popular with individual traders, we see an increasing number of tools and software including, more recently, automatic trading software.

But how reliable is the latter? Is this type of software efficient and can it be used by everyone?

The advantages of automatic trading

The merits of automatic trading are vaunted unceasingly by the distributors, promising you gains in time, security and money, but in reality is a machine truly capable of achieving satisfactory results by trading instead of you?

It is true that the main advantage of such a tool is that you can gain time by letting the software do your trading work while you are busy with your daily tasks. After all, a machine does not need to sleep, or eat, unlike you. This software was created in response to demand by individuals, more and more of whom are investing online.

Also, the automatic trading software was developed to be capable of making more calculations than a human can do. It takes into account numerous technical factors and can, in just a few seconds, complete a precise analysis of the market without making a single error.

The software can therefore appear to be quite appealing but you will need to know how to choose the software and up to which point you trust it with your capital.

The shortcomings of automatic trading software

One important thing to know is that automatic trading software will not do all the work in your place. You will have to spend some time setting up the rules according to your strategy in order that the machine can implement them during operation. Certain software that is more complex is aimed for traders with a solid knowledge of computers and therefore not recommended for beginners. There are certain software programmes however that have been adapted for beginners with, for example, an intuitive interface but still require a certain technical knowledge of the market in order to choose the indicators to follow and decide on a firm strategy.

It is important to remember that certain, more psychological, elements of the Forex market will never be taken into account by the software. It was created to react in a logical manner to mathematical information and in that resides its main drawback. The Forex is above all a human orientated market and the trends that can be observed often result from the psychological effects of announcements. We cannot therefore expect a machine to understand or display intuition or free will. This software can therefore be used as a complement to your human skills but not to trade entirely in your place.

Our advice when using automatic trading

To really profit from automatic trading you must follow a few simple rules of which the following are the most important:

  • Learn to master on your own the technical aspects of the market.
  • Take the time to prepare a precise strategy.
  • Take into account the psychological effects to refine your analysis and manually adapt your configuration as necessary.
  • Choose a solution that is both simple yet efficient and that really saves you time.

In conclusion, the majority of Forex experts will recommend that you opt for a semi-automatic trading by using orders, for example, instead of completely relying on automatic trading software. In this way, you can still benefit from the advantages of automatic analysis as well as taking into account other, more implied factors.