The best traders for small accounts on Zulutrade
Best traders for small account
One of the first and most important steps when starting Zulutrade or any other Copy Trading platform is deciding which traders to copy (even more important for small account). Step one is to figure out what your investment objectives are and what you are looking for in a trader. We always ask the same questions when looking for the best trader.
1. How much money am I willing to risk?
If you have a small amount of capital to invest, you must search for trader with a low minimum investment in order to be copied. Finding low capital traders allows you to diversify your capital even though it is a small amount (small account).
If capital is not an issue you can copy multiple traders in different markets in order to have a complete portfolio. Having a diversified portfolio can save you if a recession were to happen in an industry or if one trader were to start failing. Not only should you diversify, but also limit your risks without limiting your potential.
2. How much money do I want to gain?
From an annual return on investment of 10% to 20% or doubling your capital each month; both are available on Zulutrade. It depends on your risk tolerance, but this article is for investors that can deal with risk for a bigger return.
Before you do anything, Open an account!
It is now time for you to open your account to copy traders that will work for you and your capital.
Open your account here.
If you would rather practice, start with a demo account. Remember it is free and gives you from $1,000 (small account) to $100,000 to work with.
Do you have a small account, but are still looking to double your money?
1. Choose the right traders
If we pick the right traders and they have a good return this month, it’s possible to double your money in weeks not months.
In this article we are going to show you traders that have very low risk yet have made unthinkable returns.
The first option is to search one of our portfolios that adjust according to your capital. The portfolios are chosen every weekend according to our algorithm that chooses the best traders of the week. Thus, the return that you see is achieved by following the recommended traders of the week.
In this case, to achieve our objective of doubling our account as soon as possible by increasing the capital per trader to achieve great returns.
Another good option to chose traders is looking at our rankings of recommended traders. Theses traders are the most likely to produce returns during the next week, and with as low as a risk as possible. If you have a small account 3 to 5 traders should be enough to achieve your investment goals.
2. Set up your account
In this case, we are going to copy the trader of our $1,000 portfolio “Best traders” (excepcional for small account). At this moment our portfolio recommends copying the following 5 traders throughout the week:
To begin copying you simply need to click on view trader and click follow. Continue with the assets that come default, further on we will correct them.
Once you have started to copy the different traders, we will begin to configure the portfolio.
On the bottom there is a configure button in the menu, click it to view the traders that you are following. If the menu does not appear, click on your profile in the top right next to language.
The final step is putting the correct pro rata for each traders. To accomplish this we will use the margin call-o-meter tool that is offered on Zulutrade. This tool can be found in the begging part of the configuration and is 50% by default.
To find the best return possible we will put the indicator at 100%. This means we will invest all of our capital in the traders that they will use to achieve the best returns.
By choosing 100%, all of the traders copy 0.2 mini lots.
For example, this portfolio won 88 pips last week. This is approximately +170 euros of return, 17% in 5 days of trading. In the last month 500 pips were achieved and the ROI was 50%. In only 4 week we would have 500 euros of winnings in our account.
It is important that every weekend you adjust your portfolio with the best traders to avoid risk and disappointment in the market.
Do not forget to share or leave your comments, help us to know your preferences and needs to provide better content. Thank you!
The Zulu4me Team
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Here you can find all our post about ZuluTrade
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- Analysis: Ranking Traders Zulutrade
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- The best traders for small account on Zulutrade
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