Zulutrade Review – Why Copy Trading Makes Sense for New Investors

Zulutrade Review

Are you someone thinking about investing in the forex market? Are you interested in generating some extra income but you don’t know where to start? Of course, most people want to have multiple sources of income in the modern world. The problem is that they don’t have the time to manage two different ventures. That’s where copy trading comes in and I am sure you will know more about it when you read this Zulutrade review.

Zulutrade is an online copy trading platform that gives you access to financial markets, provides you with education on how to trade, connects you with the best brokers, and lets you copy the trades of high-performing traders from various platforms. Does such a platform really make sense for someone like you who has not traded before? Of course, it does. Continue reading the review to know how.

Follow in the Footsteps of the Best

They keep telling you trading is easy but so is flying a plane then. It isn’t until you trade that you start realizing how many complexities it involves. You can’t rely on the basic knowledge of supply and demand to be profitable as an investor. The bigger problem, on the other hand, is that you don’t have enough time to read training materials, look through price charts, crunch the numbers, and come up with predictions. Copy trading with Zulutrade allows you to sift through many top traders from various online brokers and follow the ones that you think have the most impressive portfolio in your opinion.

Things could not have been easier for new investors who don’t know where to start. That’s exactly where you start. You sign up with Zulutrade, look for the traders based on their past trading performances, and pick the ones that you think will take your boat to the other side of the river safely. It’s quite impressive how Zulutrade has been able to develop a platform where you get to connect with only the best traders. They are selected based on some strict requirements and only then they are made available to you.

Trader Is a Perfect Feature

You know I am trying to focus on new traders and telling you how copy trading is for you if you are trading for the first time. So, if this is your first time trading, I am sure you will have a hard time picking the right traders too. So, just having a bunch of traders in your access doesn’t solve the problem. What do you do in this scenario? Well, you let the certified management portfolio team at Zulutrade help you with all of this. These are professionals who know the ins and outs of forex trading. They know what works and what doesn’t. They have these groups of traders that they have selected based on certain matching qualities.

This team can help you pick the group of traders that best suits your trading strategy. The best part is that you don’t ever have to get your hands dirty with picking and choosing the traders. The portfolio management team is going to do that for you. As a result, you can expect only the best traders to be in a certain group following your specific trading parameters at all times. What makes things even more interesting is that there is a ZuluGuard feature available that removes the trader from the group if they are deviating from the set course.

Automated Trading Is the Way to Go 

Another great feature focused mainly on traders is automated trading. However, the best part is that you will be the direct beneficiary of this feature. So, what happens is that traders are allowed to automate their trades when they sign up with Zulutrade. The automation feature is not half-baked or some random software trading on trader’s behalf without any pre-set conditions and parameters. What makes this type of automated trading intelligent is that it takes all the feedback and input from the trader. The trader sets all the parameters and the platform then executes trades on their behalf.

This feature is designed to make traders more efficient. With automated trading, they are able to pull off more trades in less time. At the same time, the platform trades on their behalf as soon as the opportunity arises. On the other hand, a simple delay of a few seconds when you trade manually can cause you to miss out on a great trading opportunity. Last but not least, it has the backtesting feature for traders to check the effectiveness of their trading strategies before they trade live. Last but not least, investors get to benefit from such efficiently set up trading profiles.

No Hassle of Choosing a Regulated Broker

Do you know what can make online stocks trading doubly difficult? The process of picking up a broker before you start investing. So, before you even think about benefitting from Zulutrade features, you will have to make sure you are connected to a regulated-only broker. You then connect that account with your Zulutrade account to continue with your trades. How do you know which broker will be right for you? Should you spend months to figure one out? Well, not really? The copy trading platform does it for you by providing you with a list of brokers that provide transparent, regulated, trader-friendly, and reliable trading services.

In a nutshell, there is no reason for you to take the risk of signing up with a subpar broker. The best ones are already there listed with Zulutrade and you can pick one when you sign up on the copy trading platform.

Final Thoughts

There was a time when trading was difficult, but copy trading has changed the perception forever. Also, there was a time when you couldn’t have thought about investing as a novice but now you can with a platform like Zulutrade. There is nothing quite like copying the best traders’ trades and be able to pick them based on their profiles so you always know how successful they are as traders.