Social Trading with ZuluTrade - Test summary after 10 weeks

Our ZuluTrade test with a real deposit of 5000 USD it already lasts 10 weeks. Over the time there have been great periods that gave high hopes for a good final result. On the other hand, slips often occurred, which significantly depleted our balance, thus taking previously earned profit. Let's remind that a week ago our balance dropped well below the initial state.

What does our account look like after 10 weeks? We invite you to summarize after 70 days of testing.

How our suppliers played at ZuluTrade

Let's start with the review last week. Two new players joined our trader portfolio. They completed a total of 50 transactions. Unfortunately, their transactions eventually resulted in a loss of -40,85 USD. It was not a successful debut but the result did not ruin our balance or profits generated by other suppliers from last week. In total 205 transactions were made and the final result was + 494,93 USD. Investor Hidden Treasure he himself generated a profit of USD 424,60. We can safely say that this is a really good result. At the same time, for the first time we have such a situation that currently open positions are in the black.

The currency pairs on which transactions were concluded last week are:

• EUR / USD
• GBP / USD
• NZD / USD
• USD / JPY
• CHF / JPY

Most transactions were carried out on the currency pair EUR / USD, which is 37% of all history.

Summary of the XNUMXth week in numbers:

• The total profit is 494,93 USD,
• 24 positions remain open with a profit of 41,20 USD,
• It has been realized 205 transactions, including 18 minus.

Summary of the 10th week of the platform test ZuluTrade.

Current account balance since the start of the test:

• The total loss is -143,44 USD, which is -3% from the initial capital,
• The sum of all lossy positions totals -3253,37 USD,
• In total, 2182 items were implemented - 1806 profitable and 376 lossy,
• 24 active positions remain with the balance USD 41,20.

The test result, looking after the account balance, is -102,24 USD.

Summation

After ten weeks of testing the social trading platform ZuluTrade, we may be tempted to give a deeper summary.

Advantages

The advantages of this type of investing definitely include the fact that you don't need to spend too much time on it or have qualified knowledge about financial markets. The platform itself is legible and transparent, and the choice of investors or change of investment parameters should not cause anyone any problem. We definitely can't leave our wallet unchecked. The actions of our suppliers should be monitored on an ongoing basis and immediately react in the event of a series of losses. From the first day we will not find the perfect trader or their group, hence we must constantly make corrections in our portfolio of suppliers. In this test, it was only after 10 weeks that two investors clarified which services in my opinion are worth using. They are them Hidden Treasure and SignalGuide.

Signal Provider Capital Curves History - Hidden Treasure i SignalGuide.

Disadvantages

One of the disadvantages is that despite the small number of investors, a lot of positions are open virtually all. In our test, they were on the downside almost every week in a weekly summary. What is worse, they always stayed open over the weekend, which usually ended with deepening losses at the opening. For profit or a small loss, it's best to close all open transactions manually before the weekend.

Risk

Any form of investment involves risk. How big is it in Zulu Trade? If we control our wallet and stick to the above tips, yes - Social trading can be an additional element of our portfolio. However, do not devote most of your resources to this type of investment and be tempted to increase the amount for "management" by a single supplier. Diversification is key, no matter how much perspective a trader looks at the beginning. To sleep peacefully ours Margin Level should be in the range of 500-1200%. This provides us with a safe stock for possible stumbling blocks of individual investors.

Further fate of social trading tests

Our test will last another 10 weeks and after them there will be one final summary of the entire adventure with ZuluTrade. The planned completion date of the test is August 17, 2020. We aim to exceed 20% of profit, which until now was right at your fingertips. On this article, we're finishing weekly summaries for the next test social trading platform - eToro. 

ZULUTRADE PLATFORM