Currency Changers had an incredible 118 trades open simultaneously

A popular trader with a strong record of success, Currency Changers is definitely one of the most talked-about ZuluTrade.com signal providers around. With a huge winning percentage and a consistent profit record, it’s no surprise that more and more traders are following the signals from Currency Changers to make money in their own portfolios.

Currency Changers has been operating since May 2010, making a huge profit of over 11,000 pips in June, and smaller (but consistent) profits in all other months. If you like traders with winning records, you’ll be happy to know that of Currency Changers’ 524 trades, an astounding 96% have resulted in profits. Overall, they’ve made a profit of 16,224 pips, with small profits still coming in even as their trading frequency has dropped in recent months.

How does Currency Changers go about making these profits? They exclusively trade one currency pair: Great British Pounds and Japanese Yen. Keep this in mind if you’re looking for more diversification in your trades; you may not want to base your entire trading strategy around just one currency pair, as that could lead you to miss out on opportunities elsewhere. However, when trading GBP/JPY, you’re going to be hard pressed to do better than Currency Changers performs.

As we said earlier, Currency Changers is definitely one of the most talked about signal providers on ZuluTrade. While most traders praise their results, some have added words of warning. Most of this concerns the potential for huge drawdowns that could put a lot of your account on the line at any given time. While the actual maximum drawdown for Currency Changers is just 6%, the fears mainly center on a single day of trading. On June 4th, 2010, Currency Changers had an incredible 118 trades open simultaneously, which many traders simply wouldn’t be able to handle. However, it’s also worth noting that this massive trading frenzy was the signal provider’s most profitable stretch!

And for the most part, this isn’t a trader that puts in a ton of volume; besides that one frantic week, their trade volume has been rather low. Other commentators have pointed out how, at times, Currency Changers has gone days or weeks without making a single trade. If you enjoy trading actively, that’s another sign that perhaps Currency Changers shouldn’t be a signal provider that you follow exclusively. However, it’s also worth remembering that the great results Currency Changers has achieved are due in large part to trading only when market conditions are so favorable that they feel confident of making profitable trades.

In the end, it’s going to be up to you to decide exactly what to make of Currency Changers. In our view, their track record speaks for itself: they’ve made consistent profits, and while their strategy is generally safe, they’re not afraid to become very active when market conditions dictate doing so. It’s possible you might find that Currency Changers isn’t right for you. But for most traders, we believe that Currency Changers is an excellent ZuluTrade signal provider that will satisfy you with their consistent returns and extremely high percentage of winning trades.

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