For today’s Forex Trade Copier Service on ZuluTrade we present Rydwaves.
Many ask the same question over and over: which is the best ZuluTrader worth following?
Today we are going to introduce the 3rd Zulu Rank trader for you to copy, namely Rydwaves.
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 Rydwaves historical trading performance on ZuluTrade over here.
Facts about this trader:
Zulu Rank: #3
Amount Following: $852,114
Total Profit: 25,991.6 Pips
Described Forex Trade Copier Service strategy for Rydawaves:
- This trader announces even from the beginning that he represents a larger group of professional traders with boast a lot of experience in the financial trading markets;
- This group of trader specializes in both Forex trading and CFDs;
- The trading process is made based on swing;
- The trading strategy is described as being very effective and it was based only on trading waves, Fibonacci measures and the Elliot method.
- These traders offer a full analysis of all the types of correlations between currencies.
- They believe that it is essential for a trader to directly know the perfect quotation.
- They recommend that at every trade of 0.01 every 800 Euro must be in the account.
- Fixed: You will require 800 USD to copy all trader positions with 1 micro lot each and 100:1 leverage.
- Pro-Rata: You will require 30,000 USD to copy all the trader’s positions with 100% ratio and 100:1 leverage.
This Trader has been active on ZuluTrade for 141 weeks (at the time of the writing) and we can all agree that he is the very definition of a veteran trader, a strong and a solid group of traders which is worth following at any time of day and night. He uses both manual and automatic trading but he is also keen on using a direct, live and manual trading account therefore he is placing orders faster and manages them even better and tracks only high scores. He manages to lift the Forex trade copier service to an entire different new level based on well developed strategies that he implements.
He has an incredible HIGH profit of 25,991.7 Pips, which makes him an amazing option on anybody’s list.
He is definitely a great example to follow.
He also boasts an incredible number of 1143 investors which means that he is trusted by many, many, many market participants.
This might not necessarily be con aspect but having a single account on which more traders operate it is still unclear on who is the good trader, which is the experienced one, who is the bad trader and which is the novice one. Sure the numbers are amazing but what guarantee does a following trader have that he is following the great one.
The average pip gain for this trader stands at 4.1, 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. However I can’t help feel that there is a chance of luck here because more traders operate on this account.
He currently has a maxim drawdown of -856.7 Pips which is very bad but at least he shows potential in jumping above this negative ratio fast.
Final Verdict – Is following Rydwaves a good idea? We respond: 100% Yes !
Rydwaves 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.
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 and you will get the best out of the forex trade copier service.