April 2021

ZuluTrade uses various Trading strategies, like copy trading and crypto trading. It’s also very accommodating and quite easy to use, which is one of its main features. This social trading platform can run on desktop, web and mobile devices. This makes it suitable for trading whilst on the go from anywhere in the world with an internet connection. The ZuluTrade platform is very easy to use and has some very useful tools for filtering trading strategies which makes it quick and easy to find suitable strategies to follow. They provide additional tools such as the Automater for managing your position when you are away and the ZuluGuard to help protect your account. There is a social trading community forum where traders and investors can discuss anything from strategies to the platform features, auto trading and more.

I really like the small fees and the quantity of profitable traders to follow. However to get good results, you need to figure out the right people to copy for long term success. ZuluTrade has released a creation guide to help clients of the company create, compile and use their own ZuluScripts trading robots. Which aims to ease individuals into Retail foreign exchange trading the new scripting language and help them making any necessary adjustments to robots they had using on other platforms. You will also find some brokerages charging more than 1 pip commission for use of ZuluTrade services. In addition to paying commission to ZuluTrade, brokerages face a number of other costs when offering ZuluTrade to customers.

Overtime the network has introduced much more complicated filtering allowing for traders to better analyse the past performance of those using the social trading platform. The platform also goes beyond just FX trading, with users being able to trade a range of Commodities, Precious Metals, Bitcoin and popular Stocks on the platform. This is something that sets eToro apart from the other services mentioned in this article. To determine whether social trading is a viable trading option, I began an experiment using a ZuluTrade demo account. ZuluTrade demo accounts use the feed of AAAFx the official brokerage owned by ZuluTrade’s parent company.

Traders can join with ZuluTrade by signing up with a Free Account. ZuluTrade is in partnership with Formax Group to provide credible and outstanding financial services to its investors. With a vision of becoming the most successful trading hub globally, ZuluTrade offers customer-satisfying service through advanced support, innovation, and transparency. The ZuluTrade website allows new brokers to benefit from the experience of professionals and expert traders by providing them with a platform for taking out special trades and get them linked to the user account. ZuluTrade is all about knowledge sharing and information transfer among brokers around the globe by creating a knowledge sharing based environment. One of the main reasons why social trading platforms are seeing exponential growth is that they bring together professional traders’ skill and beginner traders’ capital while creating a win-win situation for both.

#1 Ability To Copy Pro Traders

Many people are interested in whether such social trading networks actually work. Well the answer to this question really depends on the choices you make work out.

However, it is not really quite as simply as it would appear and I have a number of concerns regarding whether such results could be repeated. I would not manually close any of the signal providers positions, even if the positions were heavily in the red. I proceeded to pick the four traders who appeared the most promisng according to my analysis. After having done this I ran a back test and according to ZuluTrade UK if I had placed £5,000 with these forex four traders back in 2010 by now in 2013 my account would have grown to a very impressive £10,000. Such a return far exceeds what you would expect to get from many alternative investments. One of those longest-standing copy trading programs at the forex market. The simple fact remains , in case you trade using ZuluTrade, you may have access into a few of the very extensive statistics and well classified trading approaches from the industry.

Zulutrade Social Trading Chart

These providers give ZuluTrade clients access to their trading portfolios so that they may be able to make lucrative transactions. Despite being a mixed bag, something already commonplace for service providers like as ZuluTrade, fact of the matter is, those that the review team had gathered about ZuluTrade seem to be challenging to ignore. The review team had gone back to the firm’s basics by looking into the provider’s offers and services so as to render a pointed assessment of the ZuluTrade’s overall capabilities. You can also use the company’s ZuluGuard feature to automatically protect your account. It monitors each Trader’s behaviour that you are following and will act to remove any Trader automatically from your account if it detects them using a strategy that deviates from its anticipated loss profile. As an Investor, your trading account held at the broker of your choice must have a minimum balance of $100 to participate, although keep in mind that some brokers do require a higher minimum deposit than this. The leverage available for you to use when social trading can vary significantly depending on your region, although a leverage ratio of only 30 to 1 is the maximum permitted in the UK and elsewhere in the EU.

This also allows clients to share feedback and take part in giving feedback on the trades that they opt to copy. ZuluTrade is an online and mobile copy trading platform where millions of users can share and copy the signals of other traders.

However, anyone can switch into a real account from practice account by depositing a minimum amount. Regulated broker helps us to protect traders money from being scammed. You can pick a regulated broker from the list which is given to their website.

Zulutrade Regulation

To become a signal provider you have to pass ZuluTrade criteria which can be a good way to earn some extra money. Commission is one of the factors that traders should consider when picking a brokerage to use in conjunction with ZuluTrade. The amount of commission ranges quite significantly with some brokerages charging up to 3.2 pips commission per trade. With some of ZuluTrade’s top signal providers making an average of 10 pips per trade, 3.2 pips of commission can really eat into your profits or make your losses significantly worse.

They integrate with 70+ brokers, are regulated & offer a range of useful tools for quick & easy social trading. Overall, ZuluTrade is one of the industry leading social trading platforms alongside eToro – see our eToro Review for more information. They are regulated in the EU and have millions of users including talented traders from across the globe. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Brokers By Licenses

It is user-friendly, and you can take your time from coping with others until you are fully set to begin trading. Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers, of which their compensation is determined by how successful is their trading strategies. Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to say, it’s quite a reputed platform that has more than 19,000 active traders, and the platform claims to use around 58,000 different strategies.

The creator of ZuluTrade saw the need for a web platform that could allow for the audit of trades in the global market. If you’re already accustomed to a different broker, you might want to connect that account with Zulutrade. Other brokers that are offered do charge an additional fee from Zulutrade users, while AAAfx doesn’t. Based on my own experience, AAAfx has the lowest spreads because of that. All my problems have been solved quickly all the questions have been answered in a pleasing manner.

Opening a trade is really easy, all you need to do is to push the buy or sell price on the upper left corner. However, if you want to, you can cap the amount of traders open at one time. Follow mode, this means how much size to use per trade that is copied. Zulutrade Forex Broker Review The graph on the right shows total amount of profit earned in the past year by the top 5 traders that can be copied. With Zulutrade I could rank them by how much profit they’ve made and pick the best performers to copy with my own account automatically.

• A web-based ZuluTrade simultaneously audits global traders and allows the sharing of knowledge between the participants through an open environment.
• The calendar makes it easy to track up and coming news releases along with the impact they could have on the markets.
• Buying and selling price differences between the traders, especially during the period when there is high volatility.
• The Traders’ Combos are constantly monitored by Traders Community Desk.
• Additionally, only those trading from a real verified account are able to become a Signal Provider on the FxStat platform.
• You will probably also want to check if the margin deposit in your trading account is protected against your broker’s default under the UK’s Financial Services Compensation Scheme .

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison, Collective2 vs. Zulutrade, we saw good and bad things. My personal opinion that if you are a forex trader and you need a signal, you can find a few interesting on Zulutrade for free. My recommendation trading strategy is always to see the average monthly return and what is maxed drawdown and then figure out if some system is suitable or not for you. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide, which gives you a variety of options to copy from.

Broker Types

The main trouble with a lot of brokers is their shitty customer support service. However it is better to pay higher spread on a profitable strategy instead of paying less but having no clue on what to do. The above picture shows the current rankings of top 4 traders in Zulutrade. They are ranked based on the total amount of real money that has been put to copy them. As mentioned before, there is numerous research on the topic of profitable traders. The research suggest that only 5% of retail traders are profitable. This means that only 1 in every 20 traders will make a profit out of their trading ventures.

Time and the pair of currency can also influence this difference. Zulutrade providers have a huge drawdown and do not care enough about money management. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The FAQ and User Guide section is very accessible and easy to understand, many novice traders have found this information helpful as and when they get stuck. From bad traders and avoid losses, ZuluGuard protects the account. It ensures that the client does not lose their track while they are in the edge of making money. Many successful traders are using this tool for getting success in trade.

ZuluTrade review will help traders to understand the trading platform along with its unique features. Account holders can access the ZuluTrade forum where they can interact with professionals and other experienced brokers. The landing page features live charts of top performing brokers, trade wall of top 8 traders and the volume of trade. ZuluTrade platform stands out with features that are easy to use and understand for both inexperienced and advanced brokers. In addition to this is the packaged services that consist of Zulu scripts and Zulu API which allows users trade via robots and connect directly to the Zulu programming interface. ZuluTrade offers two accounts a demo and a live account; both of which clients can make significant gains. Many traders complain of significant levels of slippage when using the ZuluTrade platform, this is due to the fact that the platform has to communicate with the brokerage who then places the trade.

However, the platform claims to launch its mobile trading app soon for the users. It is recommended to create an account to start enjoying the quality service and benefits. A very limited amount of information is one of the major disadvantages of this copy trading platform. A real time economic calendar helps traders to get updated all financial events and indicators all over the world.

It’s an excellent pick for investors who prefer having examples and models to demonstrate different outcome scenarios before making a move. Though it’s considered more of a technical read due to its heavy focus on numbers, the book may appeal to more advanced options investors who are looking for a firm theoretical grounding to drive decision-making. Wherever you are with options trading, these books are the best you can read on the subject. Anna’s lessons, interesting articles in the field of financing will always help you manage your money properly. Lawrence McMillan was the former senior vice president of the Equity Arbitrage Department at Thomson McKinnon. He remains active in sharing his knowledge and expertise in options trading by speaking at conferences and writing books, including eur. “Larry McMillan is one of the pioneers in educating the public to options and their practical application with respect to trading and risk management.”

To better understand these contracts, “Fundamentals of Futures and Options Markets” provides a great introduction. John Hull, a professor of Derivatives and Risk Management, uses real-life examples to help you comprehend futures and options markets. The end goal is to establish your own “hedge fund” with options at the center. It’s written with both newcomers and established traders in mind and offers an interesting take on how to manage risk in your portfolio when introducing options. “Options as a Strategic Investment” is a great introduction for beginners who are interested in learning how to use options as a hedge in their portfolios to manage market volatility. It’s also a must-read for more experienced investors who already understand the market.

Are You A Frequent Reader Or Book Collector?

The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results Visit the Disclosure page for full website disclosures. This book is specifically written Foreign exchange reserves with beginners in mind but by the time you’re done reading it, you might feel like an expert. At just 82 pages, it’s a pretty quick read but as the title suggests, the goal is to get you from Point A to Point B quickly so you can become an options trader. Think of it as the Cliff Notes guide to options, hitting all the key highlights that can help fuel your success. If you’re looking to branch out a little in your portfolio beyond stocks, bonds, and mutual funds, options trading is something you might consider.

Trading options is an alternative investment strategy that focuses on adding contracts to buy or sell a particular security to your portfolio, rather than investing in the underlying security itself. Rebecca Lake has been a financial planning and credit expert for The Balance for over three years. She has over a decade of experience writing personal finance, investing, and small business content for publications forex like Forbes Advisor and U.S. She also assists with content strategy for prominent brands in the financial services industry, including Citibank, Discover Bank, and AIG Insurance. If all of that is Greek to you, then “Trading Options Greeks” is one book you’ll want to add to your reading list. Author Dan Passarelli walks you through each of these techniques, explaining them in a way that’s easy to understand.

By Mcmillan, Lawrence G (author)

If you’re getting into trading options, generating some solid returns right away might be one of your biggest motivators. “Options Trading Crash Course” breaks down everything you need to know on trading options and making an income from your investments in a simple step-by-step guide. Today, McMillan Asset Management represents the realization of Lawrence’s illustrious 40-year career as a trader. It allows direct access to the talents of one of the industry’s most polished and recognized investors.

Although there are plenty of great options trading books for beginners, “Trading Options For Dummies” offers a basic, yet comprehensive overview of the subject. The title may suggest otherwise, but this reference book is also ideal for intermediate-level investors, too, or those with general trading options knowledge yet want to better understand risk factors, new techniques, and more. The bestselling “Option Volatility and Pricing” is the book professional traders are often given to learn the finer points of options trading strategies, so it’s a credible read. “The Option Trader’s Hedge Fund” offers a slightly different take on options trading, with a focus on how to build your own options trading business. Written by a hedge fund manager and an option trading coach, the book guides readers on how to generate a consistent income by selling options using a strategic business model. Options trading can be risky but also lucrative for investors who understand how it works and how to do it effectively in the market. If you’re a beginner where options trading is concerned, a good place to start is with learning the basics.

“Each chapter in this book presents information in a logically sequential fashion.” Millions of books are added to our site everyday and when we find one that matches your search, we’ll send you an e-mail. The 9th edition of this book touches on Options as a Strategic Investment the same points as Hull’s previous work, “Options, Futures, and Other Derivatives,” but in a more digestible way for general, less finance-savvy readers. We may receive commissions from purchases made after visiting links within our content.

Best On Trading Strategy: The Options Playbook

While it leans more heavily toward the technical side, this book may be appreciated by experienced options traders who are ready to elevate their portfolios. In a trading context, the term “Greeks” refers to various techniques that are used to evaluate an option’s position and determine how sensitive it is to price fluctuations. Delta, for instance, measures an option’s price sensitivity in relation to changes in the price of the underlying stock or fund.

Traders at all levels, as well as portfolio managers, must refer to numerous print and online sources, each source only providing part of the information they need. This is less than ideal, as online sources tend to be basic, simplified, and in some cases incorrect. Print sources, on the other hand, are mostly focused on a very narrow range of strategies or trading systems. Up until now, there has been no single source to provide a comprehensive reference for the serious trader. This book can offer valuable insight for new and intermediate options traders who are fine-tuning their skills and seeking to maximize profit potential while minimizing losses. Overby doesn’t take a deep dive into any one strategy but overall, “The Options Playbook” is a helpful reference to have as you get comfortable with including options in your portfolio. Futures are financial contracts that require a buyer to purchase an asset, or a seller to sell an asset, on a predetermined date and price.

Can You Guess Which First Edition Cover The Image Above Comes From?

It covers the fundamentals of options, how they work, and why you might consider investing in them, before diving into specific options trading strategies and emerging market trends that could affect those strategies. There’s more than one way to trade options and “The Options Playbook” offers pointers and advice for investors who are looking for some variety in their approach. Author Brian Overby covers 40 of the most popular options trading strategies, categorizing each one as bullish, bearish, or neutral, so you can decide what best fits your risk tolerance and investing objectives. Options traders rely on a vast array of information concerning probability, risk, strategy components, calculations, and trading rules.

• Anna’s lessons, interesting articles in the field of financing will always help you manage your money properly.
• If all of that is Greek to you, then “Trading Options Greeks” is one book you’ll want to add to your reading list.
• The options community can now have easy access to their desired paths in the markets having this book as their guide.
• This is less than ideal, as online sources tend to be basic, simplified, and in some cases incorrect.
• To better understand these contracts, “Fundamentals of Futures and Options Markets” provides a great introduction.
• She also assists with content strategy for prominent brands in the financial services industry, including Citibank, Discover Bank, and AIG Insurance.

If you’ve been trading options for a while, on the other hand, you may be ready to explore more advanced techniques for investing in options. The options community can now have easy access to their desired paths in the markets having this book as their guide. Lawrence G. McMillan’s book on options trading is a bestseller and it’s widely regarded as one of the most comprehensive options guides on the market.

Donate This Book To The Internet Archive Library

Though it’s over 1,000 pages long, this book is written in a way that’s digestible even for the greenest of investors. There are also study guides available if you need a little extra help wrapping your head around some of the book’s concepts. The options market promises to be a good and viable investment for traders and investors. However, the daunting challenge of understanding how options work and its complicated world is the big, tough wall standing against those who would want to enter its markets. Options As A Strategic Investment offers investors the key to unlocking the doors hidden on the wall of the options market. Trading or investing whether on margin or otherwise carries a high level of risk, and may not be suitable for all persons. Before deciding to trade or invest you should carefully consider your investment objectives, level of experience, and ability to tolerate risk.