ZULU TRADE- A POWERFUL NEW IDEA ..
BUT BE CAREFUL, PLEASE READ BELOW FIRST:

NOTE: Please read everything below carefully before clicking the link to go to the Zulu site.

ZuluTrade may be one of the most innovative ideas ever to enable the average person to start profiting from the enormous potential of Forex. Over the next months and years, we may see a virtual 'stampede' from the stock market to forex as traders realize that, properly managed, it is better and safer to trade in a large, liquid, worldwide market than the US stock market which is constantly influenced by political and financial events, along with buyouts, sup-prime woes, collapsing banks etc etc.

As ordinary people turn to Forex, hoping to see profits, the problem will be that the learning curve can be a long one. You don't learn Forex trading overnight. If you are a skilled technical stock trader, you will learn faster, but if you are new to trading, or not yet skilled in chart reading, chances are it will be a long time before seeing consistent profits from Forex (or any other trading).

Enter ZuluTrade .. you can open an account with as little as $1000 and allow experienced Forex traders (real people, not automated robots) to be linked to your account so when they trade, you trade. Some people are making 20% or more return per month. A few have made over 100% per month. The potential is awesome.

However .. in Zulu, there are still a lot of 'cowboys' .. my term for traders who do not really know how to trade but play a giant numbers game, knowing that with ENOUGH starting capital, eventually they will win. In other words, they open a trade and just wait it out .. it may go against them several hundred pips, but eventually should turn around and go in their favor. This is not trading.. but it can make someone "appear" to have a winning track record in trading. Problem is, people like this can "blow out" a smaller account that cannot ride out the large drawdowns.

So how to benefit from Zulu with minimum risk? Follow these steps:

1. From the Zulu website, you first must open an account through Zulu with FXCM. Zulu allows you to start with as little as $1000, I suggest a minimum of $2000.

2. Zulu will only allow you to trade mini lots for your protection .. you make money slower, but you also risk far less in losing money. So while waiting for your account to be funded, open a DEMO account (free) with Zulu and choose some providers to link to that account. I will keep posting here (below) the providers I have found that seem to make more consistent profits with limited drawdown. I include myself in that list, I am also a provider and you can believe I am VERY CAREFUL about drawdowns. I trade less frequently and monitor all trades in realtime, and if it starts to go against me, I get out fast. So far my track record is pretty good, you can check it out on Zulu under Providers, I am 4xStar.

3. In your demo account, you have a place to set the number of lots a provider can open. In the beginning, set this number to 1 lot and 2 maximum lots. This will give you a better idea which providers are making money consistently in your account. Now watch the progress of the providers over the next 2 weeks.

4. When your real account is funded and when you feel you are ready, choose ONE provider for each $1000 you have deposited in your real account. Set the lot & max lots numbers to 1 and 1. YES .. you will start slowly, but this will keep you safer, and your account SHOULD start to grow steadily. Everytime you make another $500 in your account, you can either add another provider OR increase the lot size for a provider you already have.

5. Check your account daily to make adjustments, but remember any provider can have a bad trade or even a bad week, so don't be changing providers constantly, you need to give them a chance .. and in your real account, these should be people you have already tested in your demo account. Use your demo account to keep testing new providers.

Email me with any questions, I know ZULU may seem a bit confusing at first, but it is worth your time to figure this out .. even if you are trading your own account, you can have a 2nd one at Zulu AND you can get some trade ideas by watching how your best providers are trading, i.e. what new trades they have opened.

OK.. now click to go to ZULUTRADE

Best Zulu providers I have found as of April 2008:
Market Energy Club
Alligator
Piped FX
New York Day Trader
(and of course:) 4xStar