If you don’t fully know what copy trading is all about, you might not find it very believable. How can you just start following a trader without even knowing anything about their trading patterns? Well, when you sign up with the right platform, you don’t have to do any guesswork. Everything is very crystal clear in front of you and so you know you are doing the right thing. Continue reading my Zulutrade review to know what sensible copy trading is really all about.
I agree that there are many other companies providing similar trading services. However, their features are not as polished as the ones you get from Zulutrade. Let me prove that with my review.
Trader and Investor Interaction
If you say that following a trader and mimicking their trades without ever knowing about them or their trading strategies doesn’t make sense, I would say yes. However, what if you could interact with the trader whose trades you have been copying? In fact, the platform from Zulutrade has been designed in such a way that you get to learn from the traders who you are following. They are happy to teach you all about trading and take your trades to the next level. Why did they pick a certain market at a certain time and why did they go with a particular trading strategy? If you have those questions, you can ask them.
Learning is not just allowed but promoted on this platform. Now, in addition to you interacting with traders, you can also talk to other investors and know about their experiences. You can ask them what metrics they used while choosing a trader or how well they are doing. Such interactions make this form of trading social trading.
Familiarize with Trader before Investing
Talk about any type of investment in the world and you wouldn’t want to go ahead with the deal unless you know what you are getting. What if you are getting nothing for spending a lot of money? Well, that’s not going to be the case when you sign up with this copy trading platform. It provides you with all the data that you need about the trader to make a well-informed decision. In fact, you can explore the entire profile of the trader to know as much about them as you want. Some of them even have their own profile pictures, so you know you are following a human not a robot.
There is a lot of data that you can collect about the trader before you even agree to copy their trades. How long have they been trading? What assets do they mostly invest in? What is their method of trading i.e. scalping, position trading, etc.? This is where you know Zulutrade is a sensible online platform for copy trading because you get all of this data before you even pick the trader for copying their trades.
Powerful Tools for Traders
What you want and need as an investor is only one side of the story. What about the people you are following? What about the trader whose trades you rely on so much that you have decided to copy them? Are they any good? Are they reliable? Well, you can rest assured that the traders on this platform are reliable because they have been given some of the best tools to polish their trading strategies. One of the tools is the back-testing feature. This feature allows them to test their innovative trading strategy in a simulated environment before they go live with it.
A sensible trading platform will not limit itself to bragging about providing copy trading. It has to do something to make the lives of traders easy and give them something that they can use for their trading success. I believe Zulutrade is one of those online platforms where traders can really find features that help them grow and become better with time.