The Best Traders on the Planet are Not at ZuluTrade

By | January 6, 2015

This post was triggered by the following ZuluTrade ad that I saw recently:

ZuluTrade ad

ZuluTrade ad

I felt instantly that something is wrong with it, but couldn’t articulate it for a while . After doing a little bit of research on Zulu – I only knew that they were some big/the biggest platform for signal providers – I can now unreservedly state that the ad is misleading. Saying that the best traders on the planet are at ZuluTrade is like saying that the best footballers are among players of Fifa 15.  I think this comparison is very appropriate because from nine traders who are on top and are followed with +$1 Million, eight are trading demo. These so-called best traders don’t trust their strategies with their own money, why should anyone else trust them ?

If we delve into this further, we notice that most of them have been trading their respective strategies for less than two years, and some for less than one year. It also becomes obvious that the general approach is to run EAs on several demo accounts and hope the one which has been successful lately will get a following (notice the bomb icons – blown accounts –  in the ‘also known as’ section of their profile).

I guess it’s clear by now that all this is in stark contrast to what it takes to be a good trader, let alone among the best traders on the planet.

 

 

2 thoughts on “The Best Traders on the Planet are Not at ZuluTrade

  1. Andrew

    I think they have to do it in demo. It’s a legal requirement, as far as I know. The problem is that demo accounts aren’t subject to the same issues that real accounts face.

    Gamblers at Zulu come and go. I would never trust my money to any of them. They are famous for making a nice return for a few months, and then going bust.

    Reply
  2. InvestinGoal

    Hi JLTrader.

    Your point is right, there’s a lot of crap among those thousands of traders, and many are there not to trade, but only to take a chance in earning commissions.

    The only game one can play is trying to filter all the crap, discover the few real professional traders, and learn how to manage them.

    This is precisely what we wanted to do in our free ZuluTrade course: http://investingoal.com/learn/zulutrade/
    Have a look at that and let me know what you think.

    Cheers

    Reply

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