It says the company concept is to offer an open environment, that allows traders all around the world to connect any trading platform, and share their vast wealth of knowledge. It was founded in 2007, by the company CEO Leon Yohai, and Kosta Eleftheriou, from the humble office space that was Yohai’s living room, in Virginia, USA. Improvements continued to be made, and many new features were unveiled to Forex traders, including a redesigned website, and the opportunity for traders to follow situs trading forex indonesia zulutrade traders rather than just signal providers.
It seems that following and copying the trades of others has become a very popular way to get involved in the Forex market. What is a Forex social trading network? Forex trading involves watching the foreign currency markets, being aware of world economics, and buying and selling different pairs of currencies based on that knowledge. So with those advantages is there a better chance to win? Of course you can, but as with any form of investment, there is also the possibility you can lose as well. And you have ample opportunity to employ a strict risk management strategy. Unless you happen to be the Forex world’s best expert.
The first step is to open a live trading account and deposit your trading capital. Then you have to find the right traders to follow, and this is done by analyzing trading records and performance data. Once you’ve chosen one or two that appear to be the most profitable, it’s time to set up your own personal stop losses. Open one of these and there is every opportunity to test out the strategies and deals of many different traders, and get a good feel for how the service works in reality. Now they only get to keep any earned commission if they have had a profitable month. This means there is much more of an incentive for signal providers to come up with winning strategies.
Making it much easier to pick out the profitable traders to follow. There is also a built in ranking system to help find profitable traders, or they can be sorted using a variety of criteria. Basically, this option automatically trades opposite signals to the ones provided. It is based on the assumption that most providers end up out of pocket.