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
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
Choosing traders to copy on Zulutrade and indeed any other copy trading platform is often portrayed as being a simple process. The process itself can be very simple, the key however, is choosing traders that suit your risk appetite and expectations of return on your investment. Continue reading
Ok, so now it’s time to take a look at another forex copytrading platform – Zulutrade. I’ve taken a look at eToro, and will continue to to report on my progress (P/L) with them. The reason I mention CopyTrader in practically the same breath is that they are the main competitor when it comes to copytrading, and so comparisons will inevitably arise. But, on to Zulutrade, how does the platform standup from a Forex newbie’s perspective? Continue reading