S&P 500
1324.80
-5.86 -0.44%
Dow Indu
12598.55
-33.45 -0.26%
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-19.36 -0.67%
Crude Oil
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+0.26 +0.28%
Gold
1544.72
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CRB Index
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US Dollar
81.312
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Weak

13 Quick Tips for Forex Trading Success

June 24, 2009 By

At MarketClub we cover all major and minor Forex pairs in real-time, and their popularity is growing by the day. Traffic to our Forex pages is almost double what it was less then two years ago, and with all the great Forex material (including this post by Bill) I asked Jason Gospodarek from FastPips.com to throw his knowledge into the mix and give us thirteen Forex tips that we ALL can use! Please enjoy the article and if you have any additional tips we want to hear them!

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At FastPips.com our goal is simple.  We want to help you learn how to create a profitable trading business by executing low-risk, high-reward trades in the best market conditions possible.

#13: Back-test, but be logical.  Back-testing a given strategy can prove priceless when done correctly, but remember to take the results with a grain of salt.  Be especially wary of trade results shown on websites claiming astronomical gains since most of these results simply are not attainable under live market conditions for many reasons.

#12: Always analyze similar pairs in the forex market before placing any trade.  Similar pairs can be defined as any tradable currency pair containing 1 of the 2 currencies you are about to trade.  For example, by looking at no less than 4 US Dollar pairs before trading, one can determine if the pair will be moving based mostly on the US Dollar or the opposing currency.  This can easily be done with the Japanese Yen and others as well.

[Read more...]

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The Median Line – A Leading Indicator

June 24, 2009 By

Even though there are hundreds of indicators out there, people still can’t find one (or a few) that fit their trading style and methodology. I’ve been a fan of Greg Fisher from Median-Line-Study.com, and his work for a while now. Today I’ve asked him to teach us a little more about the Median Line AKA Andrews’ Pitchfork. Please leave him some comments with your thoughts and questions!

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Imagine having the ability to draw a single line – the Median Line – on any stock, forex, or futures price chart, and know there is a high probability prices will reach that line. That is exactly what the late Dr. Alan H. Andrews proposed in his “Action/Reaction Course” in technical analysis of the markets in the 1960’s and 1970’s.

The method is more commonly known today as Andrews’ pitchfork.  However, as I have learned from several of the students that took Andrews’ course – he hated the term pitchfork!

[Read more...]

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A Postcard From Maine & A Business Thought Too

June 23, 2009 By

Every so often it’s important to take a break from the market or business in general. So this past weekend, my wife and I took off for a long weekend in Maine where we have a summer house.

I always enjoy going back to Maine, as it reminds me of my roots in the north of England. I love the rocky coastline and the coastal air which always seems so fresh to me.

Another big attraction is my father-in-law who is one of the most interesting men I’ve ever met. This past Saturday we all went out as a family to have a nice dinner with my father-in-law, his wife Jean and my wife Sally. We had a wonderful dinner and great conversation fueled by nice wine. It was during this dinner that my father-in-law put these words in my mind which I want to share with you today.

We’ve all heard the expression lately that a company is too big to fail. But my father-in-law in his wisdom came up with the opposite of that and said, “companies are too small to succeed.” [Read more...]

Filed Under: MarketClub Techniques, Tips & Talk Tagged With: , ,

ABC’s of Stock Trading

June 22, 2009 By

It’s funny how many of these “lists” you come across, but the interesting thing is no matter how many lists you read through…you always pull something useful out of them! I believe this list is no different, but that’s just me! Amey from TheWildInvestor.com and creator of SpeakStocks.com, has put together this list and would like to hear your feedback!

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This is not like any other ABC list you might have come across about trading stocks. There are no real terms here. The following is the ABC’s of successful stock trading.

A – Action, nothing happens until you DO SOMETHING.

B – Bear trap, don’t get sucked into it.

C – Cash, not making too much when you are holding cash.

D – Due diligence, don’t jump into a position blindly.

[Read more...]

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Monday Market Recap

June 22, 2009 By

I dropped the ball yesterday and forgot to wish all those fathers out there a wonderful Father’s Day. So… HAPPY FATHER’S DAY!

Adam is out of town on vacation for a couple of days at his house in Maine, so I’m filling in some gaps until he returns. Below are just some Trade Triangles and Chart Analysis Scores for a large group of markets that we looked at this morning. These aren’t recommendations, but for those of you who aren’t MarketClub members… consider it a freebie set of signals from MarketClub. If there are any other symbols out there that are putting off good Chart Analysis Scores, or Trade Triangles please comment on this post and share with others.

*Adam just sent me this picture from his summer house… how beautiful*

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FOREX_XAUUSDO – Weekly & Daily Red (Short Position) : -70 score

NYMEX_CL.Q09.E – Weekly Green & Daily Red (Sidelines Position): +55 score

INDEX_DJI - Weekly Green & Daily Red (Sidelines Position): +65 score

CME_INX - Weekly Green & Daily Red (Sidelines Position): +65 score

NASDAQ_AAPL – Monthly & Weekly Green (Long Position): +100 score

NYSE_WWE - Monthly & Weekly Green (Long Position): +55 score

FOREX_XAGUSDO – Weekly & Daily Red (Short Position): -70 score

PACF_GLD = Weekly Green & Daily Red (Sidelines Position): -55 score

PACF_DIG = Weekly & Daily Red (Short Position): -70 score

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These are not suggested positions, but instead just a recap of general markets. Please consult your MarketClub charts and portfolio to determine the current Trade Triangle and Chart Analysis Score status of these markets as market conditions could change quickly.

Have a wonderful Monday,

Lindsay Thompson
Director of New Business Development
INO.com & MarketClub

Filed Under: MarketClub Techniques, Tips & Talk Tagged With: , , , , , , , , , , , , ,

Saturday Success Story – Bob, Idaho

June 20, 2009 By

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here’s great news from a member…

“I have invested in mutual funds and stocks for over 35 years. Over the past several years I’ve noticed that markets move more quickly and it’s easier to lose profits or incur losses if you don’t have a methodology to catch turns. MarketClub’s Trade Triangles can help you catch those turns in a very timely way. Learning to use the Trade Triangles so that monthly, weekly and daily triangles are moving in the same direction can help you invest with the trend and improve your chances of success.

Also, Adam’s instructional videos help me learn more about investing and trading. Being a successful investor in both bear and bull markets is a tough job. You need every tool you can find to make the right investing and trading decisions and MarketClub provides those tools in a very superior fashion!” ~ Bob B., Idaho

To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.

Filed Under: Member Success Stories Tagged With:

How to analyze 13 cross rates and the dollar index in 11 minutes

June 19, 2009 By

We are going to be doing something a little bit different today as we analyze the forex markets. Examining the forex markets is nothing new, but we have never gone through 13 pairs of cross rates on the fly. I also show you a quick and effective way to analyze the dollar index at the same time.

In my new video I look at all the major cross rates in a way to quickly tell if you should be in or out of the market.

I am basing my forex observations on our “Trade Triangle” technology and will gladly show you how we apply them to any currency cross rate. It is a quick and easy lesson that will show you exactly what I look for when I’m going to go into a market.

The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

Filed Under: Trading Videos Tagged With: , , ,

Not an impressive day in the equity markets

June 18, 2009 By

Not an impressive close in the equity markets today. My gut feeling is this market can have a tumble on Friday.

If the equity markets take out Wednesday’s low, look for scramble by the bulls for the exit doors.

No matter what tomorrow is going to produce a big move one way or the other. My guess is going to be on the downside.

All the best,

Adam

Filed Under: MarketClub Techniques, Tips & Talk Tagged With: , , , , , , ,

What’s Your Luckiest Trade?

June 17, 2009 By

We’ve all been there, where we’re watching a trade thinking “man I’m totally upside down on this one”, when out of the blue it turns around and you pay for the mortguage! That’s a lucky trade! Today I’ve invited Rick Thachuk from WorldLinkFutures.com to open himself up and tell us about the luckiest trade he’s ever had.

He wants this to be an open discussion so please tell us about your luckiest trade so we can see just how lucky you were!

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It is often said that it is better to be lucky than be good. Despite years of formal education in Financial Market Economics and business, and despite countless hours of studying charts, news and trade videos, my best trade was one in which I literally had no idea what I was doing. Here’s my story….

[Read more...]

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Is it a correction or a major turn in the S&P 500? (New Video)

June 17, 2009 By

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.

The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

Filed Under: MarketClub Techniques, Tips & Talk, Trading Videos Tagged With: , , , , , ,
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