ZuluTrade: Social Copy Trading for Forex and CFD Market

As part of its strategy to provide unmatched and world-class trading environment, ZuluTrade invests in new and exciting ways for their clients to trade financial markets through an open and transparent environment.

Social trading is one of the newest trends in financial markets where people can connect, interact, discuss and profit in a real-time on a community focused trading environment. By linking traders from all over the world into one big network, social trading empowers traders to use each other’s skills to trade smarter together, and that collective wisdom can take your trading to a level you never thought possible before.

ZuluTrade’s social trading network works on several levels, enabling you to utilize social trading as it suits you. Whatever your financial investment goals or style, social trading is sure to enrich your trading experience.

Watch

The most basic function of the social trading network is to bring you live feeds of trading activity. How does that benefit you? Information is power, and staying informed about what other traders are doing gives you valuable insight into market trends, innovative strategies and trading ideas.

Follow

Naturally, you would probably be more interested in looking at certain traders’ market activity more than others’. You can do so by choosing to “Follow” the traders that you find more interesting. You can also get more information on each trader and even get in touch with them in person through their personal profiles. If you’re not sure which traders you want to follow, use the Top Traders rankings or search the network according to your preferences.

Copy

The most direct way to benefit from social trading is to copy. If you spot a particularly promising trade in the live trading feeds or in a trader’s personal profile you can quickly open the same trade by clicking on “Copy”. However, if you spot a trader who’s consistently profitable it’s much easier to use the “CopyTrader” feature to start copying their trades automatically. In fact you can even dedicate your entire account to recruiting traders to trade for you through the CopyTrader, building what we call a “social-trading” portfolio!

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How to Identify the Price Trend? -Learning Center-

Online Forex Trading – Using Indicators to Identify Trends

Of the many market sayings thrown around by traders, perhaps none is more overused and less understood than the old adage ‘the trend is your friend’. All too often, the phrase is used after a trader has taken a counter-trend position and subsequently been stopped out at a loss. Remorse sets in at this point and most traders kick themselves not only for having lost on a counter-trend trade, but also for not having caught the latest move in the trend itself.

To avoid this all too common scenario, we will suggest using several technical tools to identify whether or not a foreign currency exchange trend is in place and then use additional indicators to help maximize trading profits. Having a strategy in place to identify trends is essential to successful trading in any market, but especially so in the case of the forex markets. Currencies have a greater tendency to move in trending fashion due to the longer-term macroeconomic elements that drive exchange rates, such as interest rate cycles or global trade imbalances. Currencies are also pre-disposed to short-term, intra-day trends, with a forex rate changing due to international capital flows reacting in unison to day-to-day economic and political news.

Identifying the Trend

In its most basic sense, a trend is simply a prolonged market movement in one general direction, either up or down. From a traders’ perspective, though, that simple definition is so broad as to be relatively meaningless. A more relevant definition of a trend useful for online forex trading would be one where a trend is defined as a predictable price response at levels of support/resistance that change over time. For example, in an uptrend the defining feature is that prices rebound when they near support levels, ultimately establishing new highs. In a downtrend, the opposite is true-price increases will reverse as they near resistance levels, and new lows will be reached. This definition reveals the first of the tools used to identify whether a trend is in place or not-trendline analysis to establish support and resistance levels.

Trendline analysis is often underestimated because it is perceived as overly subjective and retrospective in nature. While both criticisms have some truth, they overlook the reality that trendlines help focus attention on the underlying price pattern, filtering out the noise of the market. For this reason, trendline analysis should be the first step in determining the existence of a trend. If trendline analysis does not reveal a discernible trend, it’s probably because there isn’t one.

Trendline analysis is best employed starting with longer timeframes (daily or weekly charts) first and then carrying them forward into shorter timeframes (hourly or 4-hourly) where shorter-term levels of support and resistance can then be identified. This approach has the advantage of highlighting the most significant levels of support/resistance first and less important levels next. This helps reduce the chances of following a short-term trendline break while a major long-term level is lurking nearby.

Another technical tool that can be deployed to verify the existence of a trend is the directional movement indicator system (DMI), developed by J. Welles Wilder (see Wilder, New Concepts in Technical Trading Systems, c. 1978). Using the DMI removes the guesswork involved with spotting trends and can also provide confirmation of trends identified by trendline analysis. The DMI system is comprised of the ADX (average directional movement index) and the DI+ and DI- lines. The ADX is used to determine whether or not a market is trending (regardless if it’s up or down), with a reading over 25 indicating a trending market and a reading below 20 indicating no trend. The ADX is also a measure of the strength of a trend–the higher the ADX, the stronger the trend. Using the ADX, traders can determine whether or not there is a trend and thus whether or not to use a trend following system.

As its name would suggest, the DMI system is best employed using both components. The DI+ and DI- lines are used as trade entry signals. A buy signal is generated when the DI+ line crosses up through the DI- line; a sell signal is generated when the DI- line crosses up through the DI+ line. (Wilder suggests using the “extreme point rule” to govern the DI+/DI- crossover signal. The rule states that when the DI+/- lines cross, traders should note the extreme point for that period in the direction of the crossover (the high if DI+ crosses up over DI-; the low if DI- crosses up over DI+). Only if that extreme point is breached in the subsequent period is a trade signal confirmed.

The ADX can then be used as an early indicator of the end/pause in a trend. When the ADX begins to move lower from its highest level, the trend is either pausing or ending, signaling it is time to exit the current position and wait for a fresh signal from the DI+/DI- crossover.

The Trend is Your Friend

Profiting from market trends is the essence of making the trend your friend. The first step to profiting from both short- and long-term trends is understanding what constitutes a trend and knowing how to identify them.

The next step is employing a disciplined trading strategy that is specific to trends. A conscientious approach utilizing trendline analysis, the DMI system, and the parabolic indicator should help traders make more friends of market trends.

How Forex Prices and Economic Data are related?-Learning Center-

Understand what particular aspect of the economy is being revealed in the data. For example, you should know which indicators measure the growth of the economy (GDP) vs. those that measure inflation (PPI, CPI) or employment (non-farm payrolls). After you follow the data for a while, you’ll become very familiar with the nuances of each economic indicator and what part of the economy they are measuring.

Not all economic indicators are created equal. Well, they might’ve been created with equal importance but along the way, some have acquired much greater potential to move the markets than others. Market participants will place higher regard on one stat vs. another depending on the state of the economy.

Know which indicators the markets are keying on. For example, if prices (inflation) are not a crucial issue for a particular country, inflation data will probably not be as keenly anticipated or reacted to by the markets. On the other hand, if economic growth is a vexing problem, changes in employment data or GDP will be eagerly anticipated and could precipitate tremendous volatility following their release.

The data itself is not as important as whether or not it falls within market expectations. Besides knowing when all the data will hit the wires, it is vitally important that you know what economists and other market pundits are forecasting for each indicator. For example, knowing the economic consequences of an unexpected monthly rise of 0.3% in the producer price index (PPI) is not nearly as vital to your short-term trading decisions as it is to know that this month the market was looking for PPI to fall by 0.1%. As mentioned, you should know that PPI measures prices and that an unexpected rise could be a sign of inflation. But analyzing the longer-term ramifications of this unexpected monthly rise in prices can wait until after you’ve taken advantage of the trading opportunities presented by the data. Once again, market expectations for all economic releases are published on various sources on the Web and you should post these expectations on your calendar along with the release date of the indicator.

Don’t get caught up in the headlines. Part of getting a handle on what the market is forecasting for various economic indicators is knowing the key aspects of each indicator. While your macroeconomics professor might have drilled the significance of the unemployment rate into your head, even junior traders can tell you that the headline figure is for amateurs and that the most closely watched detail in the payroll data is the non-farm payrolls figure. Other economic indicators are similar in that the headline figure is not nearly as closely watched as the finer points of the data. PPI for example, measures changes in producer prices. But the stat most closely watched by the markets is PPI, ex-food and energy. Traders know that the food and energy component of the data is much too volatile and subject to revisions on a month-to-month basis to provide an accurate reading on the changes in producer prices.

Speaking of revisions, don’t be too quick to pull that trigger should a particular economic indicator fall outside of market expectations. Contained in each new economic indicator released to the public are revisions to previously released data. For example, if durable goods should rise by 0.5% in the current month, while the market is anticipating them to fall, the unexpected rise could be the result of a downward revision to the prior month. Look at revisions to older data because in this case, the previous month’s durable goods figure might’ve been originally reported as a rise of 0.5% but now, along with the new figures, is being revised lower to say a rise of only 0.1% Therefore, the unexpected rise in the current month is likely the result of a downward revision to the previous month’s data.

Don’t forget that there are two sides to a trade in the foreign exchange market. So, while you might have a great handle on the complete package of economic indicators published in the United States or Europe, most other countries also publish similar economic data. The important thing to remember here is that not all countries are as efficient as the G7 in releasing this information. Once again, if you are going to trade the currency of a particular country, you need to find out the particulars about their economic indicators. As mentioned above, not all of these indicators carry the same weight in the markets and not all of them are as accurate as others. Do your homework and you won’t be caught off guard.

How Economic News affect Forex? -Learning Center-

Economic indicators are snippets of financial and economic data published by various agencies of the government or private sector. These statistics, which are made public on a regularly scheduled basis, help market observers monitor the pulse of the economy. Therefore, they are religiously followed by almost everyone in the financial markets. With so many people poised to react to the same information, economic indicators in general have tremendous potential to generate volume and to move prices in the markets. While on the surface it might seem that an advanced degree in economics would come in handy to analyze and then trade on the glut of information contained in these economic indicators, a few simple guidelines are all that is necessary to track, organize and make trading decisions based on the data.

Know exactly when each economic indicator is due to be released. Keep a calendar on your desk or trading station that contains the date and time when each stat will be made public. You can find these calendars on the N.Y. Federal Reserve Bank Web site using this link http://www.ny.frb.org/, and then by searching for “economic indicators.” The same information is also available on many other sources on the Web or from the company you use to execute your trades.

Keeping track of the calendar of economic indicators will also help you make sense out of otherwise unanticipated price action in the market. Consider this scenario: it’s Monday morning and the USD has been in a tailspin for three weeks. As such, it’s safe to assume that many traders are holding large short USD positions. However, on Friday the employment data for the U.S. is due to be released. It is very likely that with this key piece of economic information soon to be made public, the USD could experience a short-term rally leading up to the data on Friday as traders pare down their short positions. The point here is that economic indicators can effect prices directly (following their release to the public) or indirectly (as traders massage their positions in anticipation of the data).

How Forex market work? -Learning Center-

History of The Foreign Exchange Market

The Foreign Exchange market, also known as the “FX” or “Forex” market, is the biggest financial market anywhere in the world. The daily average turnover is over $1 trillion US — a volume more than thirty times the size of all U.S. equity markets combined.

“Foreign Exchange” occurs when one currency is bought at the same time another is sold. Currencies are always traded in pairs: e.g., EUR/USD (Euro & US Dollar) or USD/JPY (US Dollar & Japanese Yen.)

Around 5% of turnover each day is from governments and companies that buy and sell services or products in a foreign country or that convert foreign currency profits into domestic currency. The other 95% is trading for speculation.

For speculators, most popular forex trade options are the Majors, or the most commonly traded currencies. The Majors include the US Dollar, Canadian Dollar, Australian Dollar, Japanese Yen, Swiss Franc, Euro, and British Pound. Today, more than 85% of all daily transactions involve trading of the Majors.

Forex trading is a true 24-hour market, beginning in Sydney every day and circling the globe as the work day starts in each financial center: Tokyo to London to New York. Unlike other financial markets, forex investors are able to respond to fluctuations in currency, whatever the reason, via online currency exchange or other telecommunication options 24 hours a day.

The forex market is considered an interbank or over the counter market because the transactions take place over the phone or throughonline currency trading. There is no central currency exchange, unlike with the futures or stock markets.

Land-FX 30% Deposit Bonus on every deposit

It is the best bonus promotion among others in Land-FX.

Land-FX is now willing to offer

30% Deposit Bonus Promotion

Up to 3000 dollars

On every Deposit until the maximum bonus amount

The Broker used to offer 10% and 5% Deposit Bonuses though, this time the promotion will outrace others.

Although the bonus amount is not available for withdrawal, it will be credited to your trading account on every deposit and can be used for trading purpose.

How to receive the bonus

This promotion is also for existing clients and clients who already applied for other deposit bonuses.

In case you already have trading accounts with Land-FX, you will need to switch the promotion from the client portal.

In case you don’t still have a trading account with Land-FX, but looking to start trading, please follow the instruction below.

  1. Open a real/live trading account with Land-FX
  2. Verify your information by submitting copies of ID and POA(proof of address)
  3. Apply fo the promotion from the client portal
  4. Make a deposit more than 300 dollars
  5. Receive 30% extra until the bonus amount reaches 3000 dollars

Land-FX Official Website


Some main conditions are as follows:

  • Deposit amount needs to be more than 300 dollars to receive the bonus amount
  • The bonus amount is not available for withdrawal
  • There is no expiration dates for the bonus amount
  • The bonus amount will be deducted when you make withdrawals
  • This promotion is available for one account per person

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XM $30 No Deposit Bonus & 100% Deposit Bonus -Exclusive Offer-

Exclusive Offer ! Not listed in the official website !

XM is an Online Forex & CFD Broker founded in 2,009.

The broker has acquired more than 500,000 clients over the years, and it is growing globally and rapidly.

$30 No Deposit Bonus

Get the free bonus and earn profits without risking your funds.

Main Conditions:

 Bonus Amount  30 dollars
 Withdrawal of the Bonus Amount  Not Available
 Withdrawal of Profit later on  Available without Requirements
 Other Conditions None

How to Receive:

  1. Open a Real/Live account with XM
  2. Submit required Documents(ID & POA)
  3. Request for the Bonus amount through the “Client Portal”

Receive $30 for Free

100% Deposit Bonus

Double up your Funds without restricting your withdrawal conditions. You can receive 100% Deposit Bonus after receiving $30 No Deposit Bonus.

Main Conditions:

 Bonus Amount  Up to 500 dollars
 Withdrawal of the Bonus Amount  Not Available
 Withdrawal of Profit later on  Available without Requirements
 Other Conditions 20% Bonus will be applied on deposit amount more than 500 USD

How to Receive:

  1. Open a Real/Live account with XM
  2. Submit Required documents(ID & POA)
  3. Make a Deposit
  4. Apply for the Bonus through the “Client Portal”

Open an account with XM

The Best is XM

xm

Reviewing their service over the years, XM can be chosen as one of the Best Brokers in the world.

Why XM is The Best? There are lots of reasons of that, and let us compare XM with other averaged Brokers.

Leverage up to 1:888

Not so many Brokers offer leverage more than 1:500. XM is one of a fewer broker with this much high leverage offered through MT4.

Your XM trading accounts are protected by NBP(Negative Balance Protection), so this means that your profit is 888 times more and loss is limited to the invested amount only.

Bonus Promotions and Contests

XM offers several bonus promotions such as:

  • $30 No Deposit Bonus
  • 100% Deposit Bonus
  • Trading Contests

Well, Bonuses shouldn’t be the main reason for choosing your broker, but why not receive it if it is free?

CySEC regulated and ICF protected

CySEC is the most popular financial regulation based in Cyprus. Along with the major authority, XM is a member of ICF(Investor Compensation Fund).

This means that you can be compensated up to 20,000 Euro in case XM failed to meet its obligation with its clients can caused a loss.

Not just a segregated account, but your funds are more than just protected.

No Negative Reviews

Over 7 years, XM has got great reputation built up and there is almost no negative reviews against the broker.

XM takes a good care of its clients and their first priority is its clients’ benefits.

No interference, no price manipulation and no withdrawal delays or rejections.

Go to XM Official Website