Category: General

Member Strategy Webinar - Manisha

Posted on by The INO.com Team

Last month's member strategy webinar featuring Loic, a futures trader from Marseille, France, and was very successful and I received quite a bit of positive feedback from those who attended. We expect this month's to be just as popular, educational, and useful. On Monday, May 24th, we will be hosting our second webinar in the series with a strategy developed solely using MarketClub.

MarketClub member Manisha S., a stock and stock options trader from California, will share her money-making strategy and how she devised it by way of old fashioned trial and error, using the tools available through the service.

We hope that you'll be able to attend, learn, and apply this strategy to your trading or simply learn a little more about MarketClub. However, due to the popularity of these webinars, we encourage you to reserve your seat now via the link below:

MarketClub Member Strategies - Manisha (Live on 05-24-10 at 4pm EDT / 8pm GMT )

We hope to see you there!

Susan Jackson
Director of MarketClub Education
INO.com & MarketClub

A New Technical Triad and Gold

Posted on by The INO.com Team

One of the most popular questions that we're asked here at MarketClub is to recommend which chart studies should be used in conjunction with one another. While we don't have an answer for this question - mainly because we realize that there is no right answer, you're in luck as today's guest blogger has developed a strategy using 3 different technical tools and described it in detail for us below.

Gary Wagner of WFGForex.com has developed a unique strategy using Elliot Waves, Fibonacci retracements, and candlesticks to gain insight on the current gold market. Since Gary received such a great response last time he was a guest, we hope that you will enjoy is newest post as well. Read about this interesting way of analyzing the market and leave your comment below.

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Most market analysts will agree that supply and demand economics are a major influence on the current price of a commodity. It is however market sentiment that greatly determines the perceived future price.  If one can understand, and quantify market psychology or market sentiment, one can more effectively forecast future prices. This has been the underlining assumption of Elliot Wave and Fibonacci Retracement theory. Continue reading "A New Technical Triad and Gold" →

Using Chart Patterns to Become a Better Trader

Posted on by The INO.com Team

Reading chart patterns is one of the cornerstones of technical trading. Expert technical traders can take one look at a chart and give you a complete analysis based on the formations that they see.

Today, courtesy of TraderPlanet, we're sharing some of the basic chart patterns and their meanings so that you can implement them into your trading strategy.

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Basic Chart Patterns: Reversals

Like their name implies, these patterns suggest that one trend is ending and the market is ready to begin another trend in the opposite direction or, perhaps more likely, move sideways for a while. As with continuation patterns, a trendline is the basic pattern to watch. If prices break through a trendline and then follow through in the same direction, this is the best evidence of a trend reversal. Keep in mind that all chart patterns apply to all trading time frames – daily, weekly, monthly, yearly, hourly or even minute-by-minute bar charts.

Double tops - This phenomenon occurs when prices reach a fresh high, back off from that high, re-test the high and back off again. The longer the time between the “twin peaks” of the highs, the more powerful the chart signal is likely to be. Variations of this pattern that look somewhat similar are called “M” tops or 1-2-3 swing tops, but the second high is usually lower than the first high for these patterns. In all of these cases, the key points are the highs, which mark a barrier that becomes strong resistance, and the interim low. If prices drop below that low, the top is confirmed, and it is signal to sell. Continue reading "Using Chart Patterns to Become a Better Trader" →

Will the euro bailout work?

Posted on by The INO.com Team

Early Monday morning, European officials approved an enormous rescue package aimed at stabilizing its debt crisis, but is this a fix that will last, or only a temporary band-aid on a much larger problem? Vote below and leave your thoughts in our comments section.

The Future of U.S. Offshore Oil Drilling

Posted on by The INO.com Team

As a successful investor in the energy and technology sectors for over 35 years, today's guest blog poster,  David Fessler of Investment U, knows a bit about the one of our favorite markets - crude oil. We've all heard about the recent oil rig explosion and subsequent oil slick plaguing the Gulf of Mexico, but we invite you to read below as David points out of some facts you may not know, as well as the oil companies you may want to add you your portfolio in the near future.

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Can you hear that scurrying sound?

It's the sound of expensive shoes scampering across the floor of BP's (NYSE: BP) legal department, as hoards of lawyers try to minimize the financial damage to the firm from the Gulf of Mexico oil spill.

Lawsuits against BP and the other companies responsible are arriving by the dozen. And environmentalists are predicting carnage for marine life in the Gulf.

Many onlookers, blitzed with TV images of wildlife choking and dying in thick sludge and Southerners fearful of losing their livelihoods, would probably subscribe to the "take 'big oil' to the cleaners" viewpoint.

And as shares of the companies involved get hammered on the market, few have much sympathy for them.

Let's take a look at the facts as we know them... the ramifications for the parties concerned... and draw some less emotional conclusions about where we go from here with regard to the future of offshore oil drilling... Continue reading "The Future of U.S. Offshore Oil Drilling" →