Free Forex Signals
Not too long ago, I received an email from one of our subscribers asking me if I still intend to provide Free Forex Signals on Wanwaihui. My instant reply was, “most likely not.” I mean it was fun sharing analysis with you guys for free and I used to thought that I can go on like this forever. Nonetheless, I have partially moved on from Forex investments to some other businesses because I find the need to diversify my overall portfolio.
Having said that, it doesn’t mean I’ll totally move on from Forex trading because it is still a lucrative mode of investment – if done correctly. While I used to trade day in day out and establishing both good and bad technical analysis all day, checking my Forex signals and constantly improving my Forex trading strategies, I have now moved on to a rather “passive mode” with my trading.
My brand new Forex trading strategy can be summarized by one word – diversification. I am still keen on short term day trading but I no longer find the joy of gluing to the monitor all day long, so what I am building up now is working with ZuluTrade on part of my capital, and the rest will be traded based on my longer term fundamental and technical analysis and downsizing my trading lot sizes in the process.
Many Forex traders have profit hugely by following the Free Forex Signals generated by a myriad of Zulutraders. Likewise, many have too lose a good portion of their trading capital following ZuluTrade Forex Signals too. First off, the unsuccessful Forex traders have done a few things incorrectly – employing extremely poor Money Management and/or followed a scam Zulutrade Forex Signal Provider. Much of the info can be found on my Forex Signals Reviews, but I’ll add some more pointers here for your convenience.
First off, Money Management is extremely important when following Forex signals from fellow Zulutraders – much more than trading on your own. Why is that? Since you are not the one who are in control of the number of trades to be taken, setting the SL levels, and your Zulutrade Signals Provider do not have any idea about the free margin in your account, you may be over-trading without knowing it until its too late. To get this step right, you must first understand EuroKing Drawdown (EKDD) – a more accurate drawdown estimate developed by EuroKing (that’s me, by the way), and with that you can devise your own trading plan, lot sizes, etc.
It is also important to note that if you are following more than one Zulutrade Forex Signal Provider then be prepared to invest enough capital for your account to operate successfully. You can find out more about the recommended trading capital per minilot in this Zulutrade Rankings Chart. In addition, if you are following more than one Forex Signal Provider trading mainly on the same pair, say EUR/USD, then you are also inviting trouble for yourself… If one of them is buying the market and the other one is selling when your long trade is on, then you will miss the second trade – if your Forex broker doesn’t allow Hedging.
Then, we have Scam Zulutrade Signal Providers… I really hate to admit this but it is of no surprise that being such a huge Forex trading platform, you will find people trying to take advantage of honest Forex traders like ourselves. One of the method to filter out these Zulutrade Scammers easily is to observe sudden surge of profits from the beginning and growing slowly, or breaking even thereafter. More often than not, these Zulutrade Signals Providing accounts are created in bulk – each making opposite trades in HUGE lot sizes and eventually the one that beat the odds will be showing a lot of good results. It’s such ashame that they are anything but genuine Forex signals. Stay away from them!
Anyway, with thorough research, it is extremely easy to make hands off profits with Zulutrade on a daily basis. All you need to do is to filter out the lousy ones, and pick the good ones into your portfolio. Since I have been doing my own research with them I’m more than happy to share with you my reviews and rankings for your benefits. If you have questions, feel free to drop me an email via the contact page and I’ll try to get back to you.
For those who are looking for profitable Free Forex Signals, try it out with Zulutrade here, and see the results for yourself.
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