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Forex Trading News 0

The best ZuluTrade forex signal following platform review

Financial & asset trading is an age-long engagement, it’s basically the buying and selling of financial assets in various shades using automated tools and technology. ZuluTrade is one of the multi-task trading platforms offering a plethora of copy trading options in forex, indices, cryptocurrencies stocks & cryptocurrencies market. 

Copy trading is basically a process in which traders copy trades of experienced professional traders within the financial markets so as to achieve the same results in trading. ZuluTrade provides a complete automation of these processes accompanied by modalities for feedback and knowledge sharing. As of today,  ZuluTrade has garnered over a million traders with a trading volume of over $800 billion.

Zulutrade Review

ZuluTrade Background History

Zulutrade Review

This history is coming on the heels of overwhelming requests by Zulu enthusiasts within the financial space. Zulu Trade was founded sometime in 2007 by Leon Yohai and Kosta Eleftheriou. The sole aim was to build a trading platform that seamlessly allows copy trading, in 2009 the company already had over 4,500 expert traders providing signals and copy trading portfolios. Zulu trade in 2014 added features like Zulu Guard and customer support with, it then proceeded to secure a partnership with SpotOption to create binary trading options. Zulu trade made very remarkable achievements in 2015 that eventually earned it an award (EU portfolio management license) from the European Union, this brought Zulu trade to the global scene, everyone saw its legitimacy and opportunities. 

Meet the Zulu Trading Platform

When it comes to trading on the Zulu trade platform the success of a trader hinges on his ability to spot & copy trades of expert traders in the platform. Zulu trade platform is not a ponzi scheming platform for people with an imaginary ’get rich quick’ mentality, it’s possible to see an expert trader trading & making million this week and then start losing next week but it doesn’t in any way demean the lucrativeness of Zulu trade platform, all you need to do as a trader is to do your research and find at least two  or three really good expert traders with requisite years of experience (4 or 5 years). 

Zulutrade Review

      The trading platform comprises options for trading binary options, forex, stocks and  cherished commodities like oil & indices like NASDAQ. You get the opportunity to trade these options using trading strategies of expert traders. 

The platform is stratified into two parts: 

(Part A) Signal providers: They are expert traders sharing their strategies with followers and then compensations that are dependent on the success of their strategies.  

(Part B) Followers: they may not necessarily be expert traders but they can copy strategies of expert traders and portfolio (strategies) of other followers who may have attained some levels of breakthrough while trading. 

Due to the long-standing commitment and unfretted customer support service Zulu trade has got BrokerNotes triple AAA support rating.

Features of Zulu Trading Platform: 

(1) Spreads & Commissions

Traders are mostly on the look out for this aspect because it determines their takeaway-profits while trading. The broker charges commission for every trade in addition to already existing normal spread but traders’ accounts linked to Zulu trade platform will be charged zero commission by Zulu indigenous broker’s (AAAFx). 

Spread percentage or rates (difference between buy & sell price) are given by different brokers; however the type of currency pair and time of trades too can influence the spread i.e spreads increase when there is a high market volatility and reduces when there is low market volatility. 

(2) Leverage: 

Zulutrade Review

As an experienced futures traders in centralized crypto exchanges I really find it very amusing that Zulu trade offers unique modalities in it’s leverage trading. The truth is that leverage has the potential to increase earnings as well as reduce earnings; however, it’s always important to know that using higher leverages (1:1000) implies lower margin, which will increase the margin level and the free margin, although this can lead to overtrading, account drawdown & eventual stop out. So you manage this risk better when you trade using 1:100 leverage.

(3) Trading Fees: 

Every trading platform has its trading fees and Zulu trading platform is not an exception, there is need for you to be aware of the additional cost that comes with trading on Zulu platform, fees charged  are dependent on the traded  currency pair, although this fees are not stagnant they cut into profit from time to time and intraday traders do not pay  these fees.There aren’t any other additional cost aside the above mentioned, even the expert traders you copy get paid directly by Zulu trade from the trade commission. There is a need for you to also know that Zulu trade offers a lot in terms of deposit bonus and promotions and so visiting Zulu trade websites from time to time will give you advantage and access to such mouth-watering opportunities.

(4) Minimum & Initial Deposits:

Zulu Trade understands the current global crash crunch and so it has a relatively low minimum deposit requirement. The minimum deposit required by brokers within the Zulu trade platform ranges from $1, £210, $300, 300 AUD, €250 to 25,000 JPY respectively.

(5) Countries that can use Zulu trade: 

Zulutrade Review

Zulu Trade platform is not just growing in it’s value propositions but it’s also growing in geographical coverage. Zulu accepts traders from the United kingdom, United States, Canada, Singapore, Hong Kong, Germany, Norway, Italy, Qatar, Sweden, Australia, South Africa, Denmark, Saudi Arabia, Luxembourg, Kuwait and so many other countries. 

Zulu Trade platform managers understand the competitors and copycats within the trading space and so it’s necessary that you know some of the pros of Zulu trade. 

Pros of Using the Zulu Trade Platform

Zulutrade Review

(1) User-friendly trading interface that can be set-up within a very short time. 

(2) Ability to choose internal or external broker: Zulu trade has it’s own indigenous broker (AAAFX) that charges very minimal commission fees  but you can also choose another external broker to trade with. 

(3) Wide variety of traders: because it’s all about copy trading, you need alot of expert traders to follow and make the best of choice, so you can follow 5-10 traders or even more but it’s always advisable to follow numbers that you’re fully comfortable with because following 20 to 40 traders can make you become susceptible to low quality traders. 

(4) Trade with different assets: Zulu trade is multi-tasking  because you can trade on different currencies including cryptocurrencies and even commodities. 

(5) ZuluRank is one unique feature that ranks expert traders so that followers can easily spot ideal traders & make their choices. 

(6) Signal providers have different ways of earning. 

(7) The social trading features provide an opportunity to engage other traders, it makes knowledge sharing easy. 

(8) Dedicated crypto copy trading service provides an excellent opportunity for crypto enthusiasts to rake in profits. 

Cons of Zulu Trade

Following are some of the cons of Zulu Trade Platform.

(1) Has few means of payments.

(2) Becoming a signal provider can be very difficult. 

(3) Zulu rank algorithm is still not very accurate with ranking expert traders. 

(4) The social trading features are still very basic. 

(5) The use, availability  & choice of crypto-assets is determined by the brokers choice not by Zulu trade platform.

Conclusion

Having said all these, I can confidently say that Zulutrade.com offers mind boggling trading options for all shades of traders (experienced and inexperienced). It’s user base is growing at the speed of light, even though it has a user-friendly trading platform, it’s better, cheaper and more beneficial to trade with it’s indigenous broker (AAAFx). Profit trading is easy when you have the skills and the right platform to hone your skills, Zulu trade platform ensures that profitability is certain and transparent.

Forex Trading
Forex Trading News 0

A Simplified Guide To Forex Trading

A Simplified Guide To Forex Trading

Here at CryptoGator, we make an emphasis on Crypto Education and keeping our readers informed about the financial world. 

The foreign exchange market commonly known as Forex market is a place where currencies are traded (buying and selling). Usually, when people move around the world, there is a need to exchange currencies to be able to conduct business activities within their host country. This process of currency exchange is termed a foreign exchange transaction and is mainly conducted in the foreign exchange market. 

One factor that makes the forex market spectacular is that there is no central marketplace for trading currencies. They are rather traded electronically or carried out over-the-counter (OTC). Traders carry out all transactions through the computer network rather than a centralized exchange. 

The Forex market is open for trading 24 hours a day, Monday to Friday with currencies traded worldwide in the major financial centers of London, Hong Kong, Singapore, New York, Paris, Tokyo, Zurich, Frankfurt, Sydney, and across almost every time zone.

The implication is that the end of a trading day in the United States is the start of a trading day in Hong Kong and Tokyo. The forex market remains extremely active any time of the day with constantly changing price quotes.  

Factors That Move The Forex Market

In practice, many factors can contribute to causing a change in currency prices in the FX market. As long as these factors remain crucial to the movement of the market, traders are on the lookout for these factors when making trading decisions. 

These factors border around macroeconomic events such as the election of a new president, or some other economic factors such as the prevailing interest rate, unemployment, GDP, the debt to GDP ratio and inflation, etc. Most top traders adopt an economic calendar to stay at the top of things concerning important economic releases that can move the market.

Categories of People Trading The Forex Market

Anyone trading the FX market would basically fall into two categories: the Hedgers and the Speculators. While these two categories of traders remain essential to the market, their role, significance, and purpose of trading the market remain distinct from one another. 

The Hedgers are always looking to mitigate extreme movements in the exchange rate. This strategy is employed by large conglomerates like Total, Dangote, and Amazon who look to reduce their exposure to foreign currency movements.

On the flip side, Speculators are risk-seeking and always looking to take advantage of the volatility in exchange rates for some decent gains. These categories of traders include large trading desks at the big banks and retail traders.

Important Terms To Note When Dealing With The Forex Market

Base currency: When quoting a currency pair, this is the first currency that appears. Looking at EUR/USD, the base currency is the Euro.

Variable/quote currency: This is the second currency in the quoted currency pair. In the case of EUR/USD, it is the US Dollar.

Bid: The Bid price is the highest price a buyer (the bidder) can pay. This is the price you will see when you are trying to sell a forex pair, usually to the left of the quotation and most times in red. 

Ask: This is the reverse of the a Bid order and shows the lowest offer a vendor is prepared to pay. This is the price you can see when you are trying to buy a currency pair, and it is normally to the right and in blue.

Spread: This is the disparity between the bid and the offer price, which is the real spread in the underlying forex market, plus the broker’s additional spread.

Leverage: Leverage makes it easier for traders to trade positions by only offering up a percentage of the trade’s maximum value. This helps merchants, with a limited amount of money, to exploit bigger positions. Leverage amplifies profits and loss.

Pips/Percentage in Point: A Pip corresponds to a single-digit shift In the 4th decimal position in a quoted-pair. This is also how traders in a currency pair refer to movements. Example, today, the GBP/USD earned 100 points.

Liquidity: A currency pair is termed liquid only if it can be purchased and sold quickly since the currency pair is exchanged or traded by several participants.

Margin: This is the amount of money necessary to open a leveraged account and is the difference between your position’s maximum valuation and the broker’s funds lent to you.

Margin call: When the overall deposited money, plus or minus any gains or losses, falls below a defined amount (margin requirement), a margin call will be triggered prompting the trader to add more capital to support the open position.

Advantages Of The Forex Market Over Other Financial Markets

  1. Low transaction costs: In practice, forex brokers make their money from spread and funding fees charged overnight on a trade. When compared to other financial markets like the commodity market, the commission charge on FX trades is quite low due to the small spread in currency pairs. 
  2. Low Spreads: Due to high liquidity in major FX pairs like USD, EUR, JPY, the Bid/Ask spread is very low for these pairs. In practice, the spread is the initial hurdle that should be overcome when the market moves in a trader’s favor. After a move above the spread, any additional pips that moves in a trader’s favor is recorded as profit. 
  3. Leverage Trading: The forex market is a high leverage market, this implies that traders pay only a fraction of the whole cost required to settle a trade. This has the potential to amplify gains or losses. This is much advantageous to experienced traders who look to make the most out of the market. 

Final Thoughts

Forex Trading can be a very daunting and intimidating task to new traders who have never been exposed to such an intricate, vast, and liquid trading environment.

However with the extensive and comprehensive educational tools, guides, tutorials, videos, and other sources available on the internet, and provided by brokers, beginners can be well on their way to making great profits through Forex Trading.

web hosting
Resources and Guides 0

Web Hosting Review: InterServer

Before kicking off your journey in building a professional website, one of the toughest decisions you will have to make is the choice of a web hosting services partner. Oftentimes, many factors can influence such a decision, but sticking to a hosting service that best meets your underlined requirements is considered best. 

Settling for the right web host provider is no doubt a daunting task. Choosing the right web hosting services provider is a very important process to achieve the best responsive experience on your website. 

Your choice of a web host provider depends mainly on the website’s needs, your target audience, where they’re located and what kind of content you are planning on hosting to deliver to your target audience. For example, if one is aiming to publish a news blog or an online magazine they would require less complex services compared to someone who is planning to launch a website where you publish high quality videos to render on your website. The latter brings in added complexities such as utilization of Content Delivery Networks (CDN),  Availability Zones etc to meet your website requirements. 

Making a choice can be super confusing especially when presented with a myriad of options to choose from. In this review, we will be narrowing our focus to InterServer web hosting service with an extensive view of some of the various services offered by InterServer. Whether you’re looking at a standard C-panel hosting or rolling out an Ecommerce platform, we got you covered. 

The choice to review InterServer is based on the reputation score they have amassed for the past decades they have been in existence: their ease-of-access, security, and reliability of the network. Let’s jump in to find out more.

Web Hosting Review: InterServer

InterServer Web Hosting

InterServer is one of the earliest web hosting providers that has been around for a couple of decades now. Since 1999, InterServer has been providing services to an increasing global market making it 21 years of quality service delivery to-date. InterServer is uniquely identified among its competitors for offering an all-in-one service experience for its users. In addition to the shared hosting services offered by InterServer, they also provide cloud hosting and quick servers.

Additionally, they offer colocation services to customers who will rather prefer to take ownership of their physical infrastructure. InterServer provides a wide range of server plans which comes with an extensive suite of features intended to aid the creation and maintenance of a website swiftly. 

The notable hosting server is built for customer satisfaction. The company’s four data centers are all hosted in the United States, as such American users can experience greater speed and obvious service satisfaction. 

InterServer has amassed a solid reputation for themselves in the past years which has attracted high profile clients, ranging from small businesses to Fortune 500 companies. Today, Interserver is a household name that stands out whenever web hosting services are mentioned. 

Top Features Of InterServer

State-of-the-art Security Architecture

Security will be your top priority if you are keen on securing every piece of information that goes into your website. With the millions of malicious files on the internet, security is a very important feature. InterServer provides everything you need to build an ironclad secured website, from providing resources necessary to fully understand website security features, to giving you the right tools to get things going. 

The Server InterShield Security Firewall utilizes machine learning to provide top security for clients, consequently blocking and shielding against malicious attackers. This feature is available across all plans by default. 

To ensure a 2 layer security protocol, users are exposed to ModSecurity tools which provide another layer of firewall defenses together with InterSheild and constantly scan hosting drives for suspicious or malicious files. 

Unlimited Domains and Websites

One of the frequently encountered challenges is the limit to the number of domains and websites that can be created by a given hosting service. Being faced with this dilemma, you will likely be constrained if you were to create another small website in subdomains or a separate website.

In more difficult scenarios, you might not have full access to the databases required to install WordPress content. InterServer is uniquely positioned in its service delivery as they decouple this barrier, providing users with unlimited domains on websites. With these features, users can conveniently have all their websites and subdomains under one server, making it easy to build and more so for maintenance. 

Users can also own and operate a large number of databases as they want. The domain manager makes it possible to add, remove, and manage extra domains separately, making it possible to run independent websites. Additionally, InterServer is greatly designed for ease-of-access, making it easy for users to conveniently navigate through databases frictionlessly. There’s always the provision to get assistance via our administrators available 24×7 to pass off some of the routine tasks such as scheduling backups, OS installations, patch upgrades for network and security protocols.  

Top Speed of Up To 522 ms

Next to security, speed should rank the highest among the features to look out for when selecting a hosting service. You are more likely to record a high bounce rate if your website loads slowly as visitors will find it hard navigating further, consequently they will leave after visiting the first page. 

InterServer has got you covered, when it comes to network speed! With an average speed of 522 ms, InterServer provides the highest speeds for website owners, giving that ecstatic experience. 

InterServer understands the importance of high-speed internet, as such, they have been keen on improving the speed of their server each month. From data obtained, the website speed currently sits at 522 ms, against 494 ms recorded in November 2019 demonstrating proof of continuous growth and higher customer satisfaction. 

Free Email Services

Having a custom email account is as important a step in the branding process of your products and services or even when it comes to integrating with a proper CRM for lead generation. Getting a hosting service that provides an in-house email service is advantageous to rely on third-party email providers like Google Workspace (formerly GSuite) for email services. 

One of the additional features users of InterServer are ultimately enjoying is free email services. InterServer provides free accounts for all hosted accounts, enabling businesses to set up professional corporate email to help keep in touch with already existing and potential customers. 

Top Customer Service: 24/7 Live Chat Support

InterServer values its client, as such they boast of one of the best customer services. Communication is the lifeblood of any venture and an important one at that, it’s instrumental in achieving customer satisfaction. 

Customer reps at InterServer respond to users’ queries in less than 5 minutes, getting issues resolved in the fastest possible time. In addition to Live Chat, users can also receive help by visiting InterServers’ knowledge base or reaching out to the phone support, ticketing, and email option.

Unlimited Storage Space

With InterServer, you probably won’t have to bother about storage size as each plan comes with an unlimited SSD storage space to meet everyday online needs. You will be less concerned about limiting file size or the amount of information you will be taking online.  This is a big advantage for resourceful websites that collate and store large data or information on a daily basis.

Should You Consider InterServer?

Based on their reliable track record and user experience, Interserver is known to parade a robust security architecture which makes it a top destination for big business names across the globe. Their top of the line security standards,superior customer service, easy to use interface and high-speed website load-time makes it a preferred and suitable choice for all kinds of websites.

Ultimately, you will most likely want to stick with a web hosting company that offers unlimited storage space as well as flexibility when it comes to managing subdomains in your website. Especially if your business or corporation is looking out for some robust expansion in the near future.