Zulutrade.com recently added Binary Options to their social trading platform. This means that you can now copy trades made by others without having to learn binary trading yourself (more on that below). A question frequently asked question asked is ‘how much can I earn?’. Before we go on to look at the question of earnings from copy-trading (social trading), lets have a look at what the traders themselves earn. But, before delving into that, lets take a look at how much you can lose!
What is copytrading? A relatively new concept, copytrading allows those without in depth knowledge of Forex or commodities trading (Gold/Oil etc) to automatically copy the trades of more experienced traders, and profit from their ability to ‘predict’* market movements. Continue reading
Time for an update on my eToro CopyTrader account to check the ROI. How have the chosen traders performed? Is it still in the green? Well, it would have been if I had kept my eye on the ball…a lesson to be learned. Continue reading
The devil is in the detail when it comes to Forex trading, and this applies when it comes to the spread that brokers charge for each trade made. True, choosing the direction is the most important factor when currency trading, but if you are copytrading, that’s in someone else’s hands and so finding a platform that offers low spreads as well as the ability to copy other traders automatically becomes more of a priority. Continue reading
Every signal provider statistic for a trader on ZuluTrade is there for a reason, and ‘Drawdown’ is no exception. Maybe it’s not the most important, but, if you are choosing traders to copy, it is one that definitely should not be ignored. Continue reading