Sort Signals by Profit
ZuluTrade offers hundreds of signal providers for you to choose from. Providers receive a compensation of 0.5 pips for each lot traded from their signals. They are therefore incentivized to have a consistently good performance so they can maintain and attract more subscribers.
But what makes a good signal provider?
To get started, FXCM suggests that you:
- Choose signal providers with positive reviews, high rankings, and a strong live following.
- Select a provider with consistent monthly profits1 and a low max drawdown.
- Diversify signals across different currency pairs to lower your exposure to potentially volatile news events.
1 Past Performance: Past Performance is not an indicator of future results.
Hypothetical Performance: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
You should not regard any transaction proposal or suggested automated or manual trading strategies as investment recommendations or advice. You must rely on your own judgement for any investment decision you make in relation to your account.