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Signals Reviews

ZuluTrade's Five Most Followed Forex Traders in January

Given that today is the last day of the month, it's time to check out who are the five most followed signal providers (SPs) on social trading network ZuluTrade. As our tradition goes, we'll take a look not only at the overall number of followers of these traders, but also the proportion of their live followers and the percentage of their profitable followers. But let's kick off with the most apparent criterion for the assessment of our most loved traders: the number of followers. 
Overall number of followers
1. Trading4You – 2965 followers;
2. tianxiahui98 – 2804 followers;
3. Newwave – 2474 followers;
4. gbp—turn – 1970 followers;
5. DailyBot SSI–EURO – 1904 followers.
Four of the participants in the top five are familiar to us from the December ranking – the top performer in terms of number of copiers is also the same – Latvia's top trader Trading4you. And yet, there is something dismal about the ranking and that's the fact that all Trading4you and Newwave lost nearly 1,000 followers each. This comes as no surprise to those who monitor the performance of ZuluTrade's Sps – Latvia's trader recorded a loss of 1,150 pips for the month, while the US trader suffered a loss of 921 pips. 
The good news come from a newcomer to the ranking – one of the best Chinese SPs on the network – GBP-Turn. He entered the ranking with a bang, landing at the fourth place with massive 1970 followers. His performance was the strongest amid the five most followed SPs in January, as he made a profit of 889 pips. The other solid performer was tianxiahui98- also from China, who added 900 traders to his ranks of followers in January.
Next up we look at the live followers of the top five SPs – that is the percentage of all followers who have trusted the provider of signals enough to invest some real money. Here is how the chart looks like:
Percentage of Live Followers
1. Newwave – 71%;
2. Trading4You – 47%;
3. DailyBot SSI–EURO – 30%;
4. tianxiahui98 – 19%;
5. gbp—turn – 18%.
The trader to boast the highest percentage of live followers is Newwave – one of the veterans on the network. Apparently, despite his controversial performance results, the majority of his followers trust him. The last in line is the newbie in the ranking – gbp-turn – and there's nothing surprising about that: he may need more time to get copiers to assess the pros and cons of his strategy so that they decide him to invest money in his trades.
Last, but not least, we explore how the top five SPs responded to the trust of their followers, that is we look at how they repaid for the followers' investments. Below is the ranking of the most followed traders on ZuluTrade, according to copiers who made profits from following them.
Percentage of Profitable Followers
1. gbp—turn – 81%;
2. tianxiahui98 – 61%;
3. Newwave – 54%;
4. DailyBot SSI – EURO – 49%;
5. Trading4You – 24%.
At the top spot we see the newcomer from China – gbp-turn, with the overwhelming majority of his followers registering profits. Next up is another trader from China -  tianxiahui98, who also made a significant percentage of his followers happy thanks to some gains. Newwave abd DailyBot SSI-EURO also delivered good results in this respect, while the result of Trading4you was disappointing.
We can see that January was the month of Chinese traders on ZuluTrade –  tianxiahui98 and gbp-turn showed very good performance and delivered gains to the bulk of their followers. Still, as we assess the overall picture, we find that none of the signal providers on the social trading platform has the popularity that some SPs like Kama-spot enjoyed at the start of 2013. The number of followers of current leading traders stands well behind the 10,000 followers that Kama-spot boasted in March 2013... Either followers have become more skeptical and picky when it comes to bestowing someone their own money, either ZuluTrade is losing ground to rival networks, or the enthusiasm about social Forex trading is waning as a whole. 
TAGS: zulutrade  zulutrade forex  zulutrade sp  signal provider  most followed  forex trader  social forex  forex trading  forex signals  january  january 2014  live followers  followers  profit 
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