Monday 1 September 2014

How to monitor other followers results?

Zulutrade allows users to monitor other follower accounts. This is a very useful feature which transform trading in a collective action.


Zt has a very interesting feature that sometimes is not really valued. 

In fact it offers the possibility to look other followers performance and settings. It is a very smart thing, which I really enjoy. 

In any case sharing is not automatic and if you are jealous of your privacy, you can alway choose not to show your results just clicking on your name and disabling your public profile.

There are 2 ways to look at other followers' accounts:

      Followers' Performance
    • the first looking the list of traders and clicking on followers. You can then sort the followers in terms of ROI, pips, weeks, and so on;
    • the second is to look at single providers/traders and just select the accounts that show results to public. 

    It is quite interesting to verify that:

    • there are a lot of very small accounts (like mine) that I think are just used to better understand the platform;
    • each follower has its own strategy. Some just risk all the capital, other are very prudent. In general it is my opinion that too many followers risk too much and invest too little;
    • there are some huge account that can change in a significant way the ranking of providers in terms of money following.

    Another interesting feature is "COPY" that make possible to duplicate on our account the portfolio and the settings of another follower. Of course you need to adapt it to your  "follower Style" and  be prudent. 

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