For today’s Forex Trade Copier Service on ZuluTrade we present Magidoff.
Many ask the same question over and over: which is the best ZuluTrader worth following?
Today we are going to introduce the 18th Zulu Rank trader for you to copy, namely Magidoff.
We honestly believe that this trader has everything you, for your wallet and for your success. Follow us and you will find out all that you need to know about this successful trader.
Be sure to go through all details before choosing any trader, go ahead and view Magidoff historical trading performance on ZuluTrade over here.
Facts about this trader:
Zulu Rank: #18
Amount Following: $681,769
Total Profit: 6,940.1 Pips
Described Forex Trade Copier Service strategy for Magidoff:
- He starts his strategy description with the idea that each and every trade is usually opened for any kind of currency pair during any time zone.
- He always keeps focused on a single trade with a small amount of stop loss actions which are usually around 50pips.
- This can be done in order to take clear profit.
- The trading chart is always under a serious amount of resistance this is why pattern knowledge is a definite must.
- The key to a successful trade is to find the ideal amount of support for the chosen currency pair.
- This trader notes that he uses a high amount of indicators for every single trade selection.
- He thanks everybody for viewing his strategy description.
- He ends his description with a kind note of hope that the previously described strategy is ideal for you.
This Trader has been active on ZuluTrade for over 47 weeks (at the time of the writing) and it is obvious that he is definitely a veteran trader and also a seasoned trader which is worth following any time. He generally prefers manual and automatic trading, but he is also very good with using a direct, live and manual trading account therefore he is placing orders very fast and manages them even faster and tracks only high scores for the benefit of the follower. He has the necessary experience in financial management in order to lift the Forex trade copier service to an entire different new level based on well developed strategies that he implements on a daily basis.
He has an astonishing profit of 681,833.1 Pips, which makes him a great option on anybody’s list.
He is definitely a great example for the trading community.
He is followed by a number of 97 investors which means that he is trusted by many market participants and it is more than able to bring strong results.
A negative aspect is that he has some losses and this needs a little bit of care, but it is more than cleat that the positive side is far stronger than the negative side.
The average pip gain for this trader stands at 2.9, which is ok, not amazing, but still rather good. There is a moderate slippage of 2.5, but this suggests only that the losses are swiftly covered.
He currently has a maxim drawdown of 2039.7 Pips which is rather good, but at least he shows potential in jumping above this negative ratio fast.
Final Verdict – Is following Magidoff a good idea? We respond: 100% Yes – 0 % No!
Magidoff looks like he can keep your profits up and he takes little risks and also uses a small-return approach. He usually makes use of EA, which is somewhat good especially when the trading markets are on a high movement, but immediately steps in on manual to protect your investments therefore greatly enhancing the Forex trade copier service.
Short- term investors looking for a quick profit, run the risk values might end up having their funds erased quickly so use a lot of caution.
Always choose the long manual run because long-term investors always benefit from fluctuations.