Should you Follow Zulutraders?

Zulutrade is a group of signal providers website. This is similliar to PAMM service.

http://www.zulutrade.com/performance

The idea is to follow experienced traders and earn money with them. However if you rely on zulutrade to earn you money most likely you will only lose more eventually. 

The systems that are considered the best in Zulutrade are simply high Risk:reward systems that do well until that one day when they go bust. Most of the signal providers have quite a few different accounts and that is because most of their accounts may fail before they can get any live followers. 

Zulutrade has a complicated way of ranking systems or signal providers and they do NOT rank the good systems or high profit system at the top. If you have actually looked at the systems you will have noticed that most of them average 7-11 pips per trade and taking way too many trades and high draw down.

The reason these systems are at the top is because they make commissions off the trades, the more trades taken the more profit they make so obviously they will want to rank those systems at the top. The traders on zulutrade get paid half of one pip per trade. However, most successful traders do not take that many trades and only average 7-10 pips profit per trade.