I’m always looking for new investments and opportunities, and there are so many different options out there, and there is always a risk involved, so it’s definitely not easy to choose.
Introducing Forex Trade Copier Service on ZuluTrade, we give you Profit60, which has made an impressive 21,922 Pips during his first 89 weeks on Zulutrade.
Is Profit60 a copy trader service worth following or not?
Today we are presenting the #47th Zulu Rank trader for you to copy, respectively Profit60.
Does this trader have everything you require for your purse and your benefit?
Be sure to follow us and you will discover all that you need to know about this thriving trader.
A closer look at Profit60
Be sure to go through all details before choosing any trader, go ahead and view Profit60 historical trading performance on ZuluTrade.
Facts about Lovelytrader2017:
- Zulu Rank: #47
- Amount Following: $2,277
- Total Profit: 21,922 Pips
- Weeks: 89
- Investors: 64
Who is Profit60 and what is his Forex trade copier service strategy?
- His trading is based on RSI and MACD
- Experienced trader since 2012. Started in December 2018 on Zulutrade
- No trading with fixed stop losses (at least not according to the description)
- Maximum open trades at a time 33
- If the RSI indicator is above 70 – a sale opens (sell), if below 30 – then a purchase (buy)
- States that his trading is automated, so he probably uses a bot
- Worst month: -731 Pips (February 2020)
- Best month: +2542 Pips (March 2020)
- Average Pips: 30.3
Disclaimer: Please note – the information is based on what the trader himself has written in the trader’s description. We are not responsible for any given information in this article. Forex and Profits is about helping like-minded traders find information that can be useful from other sources, in this case – from ZuluTrade.
Long trading experience with Profit60
This trader is a good example of a veteran trader, and he has plenty of trading knowledge to back up history. There is not much information about the trader himself and his experience before he joined Zulutrade. However, he has been active on ZuluTrade for over 89 weeks, at the time of writing, and it is clear that he is a seasoned trader that is worth following.
What to expect of Profit60 trading style
Profit60 uses trading indicators as his trading base and includes fundamental analysis. It appears to be automatic trading and he controls them easily by placing maximum 33 trades at the same time.
He is trading a number of different currency pairs, including:
- EUR CAD
- EUR USD
- USD CAD
- NZD USD
- AUD USD
- USD CHF
- GBP USD
- AUD CAD
- NZD CAD
He has a staggering profit of 21,922 Pips, which makes him a great option on any follower’s list.
Especially recommended for medium investors with at least some thousands in balance. You need to expect quite a lot in drawdown with Profit60.
He is followed by reasonable number of 64 investors which means that he is trusted by a lot of market participants and is more than able to bring amazing results. After all, he is currently ranked number #47.
A negative aspect here is that he has some losses. Nothing wrong with this, but it requires a little bit of care. His maximum drawdown is -5,275 Pips. February 2020 was his worst month on Zulutrade. He recovered the losses already next month and made a decent profit as well.
It is more than clear that the positive side is far stronger than the negative side and he is still a very good option for any follower to pick.
He is currently -1,834 Pips in drawdown or any open trades which make this trader a perfect timing start for anyone to follow, he shows potential in keeping above the negative ratio.
Lovelytrader2017 review and conclusion
Lovelytrader2017 looks like he can deliver and he is more than capable of keeping your profits up because he does not take big risks and he also implements a very small-return approach.
He usually trades manually, which gives him full control, especially when the trading markets are on high movement, but steps in on manual to protect your investments and to limit your losses, which on the trading market, are sometimes inevitable.
Always choose the long manual run because long-term investors always benefit from fluctuations.
He is definitely a great example of the Forex trade copier service.
What if I had invested $10,000?
There’s a simulator function in Zulutrade for desktop, that let’s us experiment with settings and see how different traders would perform based on your investment and lot settings.
Let’s run a quick scenario. What if I had invested $10,000 and followed Profit60?
The expected profit would have been $5111, and the ROI earned would have been 51.1%. An investment of $10000 would have turned into $15111 in 89 weeks. Need more tips on picking the ideal trader to follow? Take your time and read our own tips and tricks.
Want to join our copytrading war?
Did you know there is a copy trading war going on? We invite you to join us. This is a great, and free, way to learn everything about copytrading and get valuable skills before you start investing with real money. Our team will give you all the guidance and assistance you need. You can read more about this unique opportunity here.