Forex markets: Day trading versus End of Day trading

At MarketClub.com, we cover the Forex markets with real-time streaming data, but trader's blog members often ask which is better: Day Trading or End of Day Trading the Forex markets. To help answer that question and answer ANY other Forex questions you might have is Bill Poulos. Bill's developed an amazing Forex Income Engine 2.0 course (goes live at 10am today), and has decided to give us one more post and clear his schedule to answer any and ALL questions you might have for him! Please comment below with your own thoughts on which is better for Forex trading and your own personal experiences!

==================================================================

Forex traders often ask: “Is it better to trade the Forex markets on an end of day basis (with daily charts) or a day trading basis (with 5, 10, 30, etc minute charts)?”

There is no right answer to this question, as I believe it depends on your individual circumstances, preferred style of trading, amount of starting capital, and volatility in the markets.

Let’s take these one at a time.

Continue reading "Forex markets: Day trading versus End of Day trading"

How to use money management stops effectively

Stops are an important part of a trader's arsenal of trading tools. Some traders argue that stops are the most crucial part of their trading armor.

So here are three ways to use stops to protect your capital and lock in profits from a trade. These three money management techniques can be used in stock, futures and forex trading.

The important rule is that you do use a real stop in the marketplace. A friend of mine joked with me that he had never seen a "mental stop" filled electronically or in the pits.

Continue reading "How to use money management stops effectively"

Forex Trading: Fundamental versus Technical Analysis

Bill Poulos didn't get the response from everyone that he expected so he asked if he could come back and "really teach people what I know". So this time around he's talking about Fundamental versus Technical Analysis in the Forex markets. I also wanted him to give away some more free stuff so he's agreed to give away the chance to win a free copy of his soon to be released Forex Income Engine 2.0 course, enter here for free!

So please try to win a free copy of his course, and give him a warm welcome with the comments!!

======================================================================

Forex traders have today a wealth of information from which to evaluate and select potential trades (some would argue too much information). These markets are moved by two primary forces: Fundamental forces (balance of trade data, money supply, interest rates, economic and financial reports, etc.) and Technical forces.

While many traders advocate fundamental analysis-based trading, it should be argued that this style of trading is very difficult especially for people who have little time to trade (less than an hour a day), or who are new to trading Forex.

Fundamental analysis traders tend to be 'always on' -- or, day trading because it requires PRECISE timing to move with the markets. If you can't get to your trading platform the minute a 'surprise' report hits the newswire, you'll be too far behind the action to respond to it.

Continue reading "Forex Trading: Fundamental versus Technical Analysis"

I'll Show You With This Video How To Successfully Trade Stocks In 90 Seconds?

Can You Learn How To Trade Stocks Successfully In 90 Seconds?

Adam Hewison, co-creator of MarketClub and former floor trader, will show you how to analyze any stock in 90 seconds flat by using MarketClub's proprietary "Trade Triangle" technology.

When looking at a particular stock, use the monthly "Trade Triangle" to identify the major trend (also possible initial entry). Then use the weekly "Trade Triangles" for timing.

Read more including my personal guarantee.

Continue reading "I'll Show You With This Video How To Successfully Trade Stocks In 90 Seconds?"

Is crude oil headed for $100 a barrel? New Video

Today we're going to be looking at the crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do I mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.

I analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. I've used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.

Continue reading "Is crude oil headed for $100 a barrel? New Video"