Category: General

Trader’s Blog Contest For May

Posted on by lindsay

“Looking back at President Obama's 100th Day in office... How would you describe his economic policies - Good, Bad, or Ugly?”

Just answer… Good, Bad, or Ugly (specific opinions optional) to be entered in a drawing for the prize below.

Prize

Winner will receive 1 FREE month of MarketClub and a prize pack of DVDs which include the Options Bootcamp Series by Sid Woolfolk and four other trading seminars by trading greats Linda Raschke, Andrew Cardwell, Barbara Rockefeller and Laurence McMillian.

MarketClub & DVDs (+$212.00 Value)

How To Enter:

Comment on this post telling us if you would describe the economic policies implemented by Obama as Good, Bad or Ugly. Just write GOOD, BAD, or UGLY, but feel free to voice your opinion… just keep it clean and remember that there is only one entry per person.

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Rules

1. This contest is open until 11:59 PM (PST) on May 31st, 2009.

2. No wrong answers, any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Monday June 1st, 2009 via email.

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Good luck!

Forex Robots: The Good, The Bad and The Ugly! Part 1

Posted on by The INO.com Team

As forex continues to explode I asked a good friend, Dr. Jeff Wilde from AskJeffWilde.com, to bring us his expert opinions. As the title states he'll be bringing the good, the bad, and the ugly! He's also asked for personal stories (of good, bad, or ugly) to be left in the comments!

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Unless you haven't turned your computer on over the past 12 months you can't help but notice that practically every week another forex robot comes on the market.  My inbox is getting bombarded with offers lately all promising me a life of riches with little or no losses by using these forex robots.  Anyway...  I am blowing the lid off of the robots and taking an in depth look at them.   I have a lot to say about that and will get to it in a moment.

I pretty sure most everyone reading this knows what a forex robot is but for you newbies let me explain briefly...

A forex robot is a computer run program that is designed to analysis the forex markets for trade setups based on a particular trading system.  Whats more they can easily analyze multiple currency pairs at the same time.  In addition they will automatically place the trades for you without you even having to be present.  The most popular forex software to use forex robots with is Meta Trader.

The GOOD things about robots are...

Continue reading "Forex Robots: The Good, The Bad and The Ugly! Part 1" →

The Zen of Wave Trading

Posted on by The INO.com Team

Wave trading...what is it and how do we do it? Most of us know the basics but its often the basics we forget and fail to implement! I've invited Troy Flowers from InvestorsUnderground.com to bring us back to basics and give us some advanced tips and tricks to really wave trade with success.

Comments are open so if you have anything to add please feel free to do so. Also please check out InvestorsUnderground.com, it's a great place to connect with other like minded traders and to get a few ideas from people that have already tried a trade or a method.

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Sometimes too much information is just that. There are always reasons why the market is moving one way or another, or at least lots of theories.  But too many indicators makes traders overlook the obvious of wave trading, which is the most simple form of day trading.

Continue reading "The Zen of Wave Trading" →

Gold Conspiracy

Posted on by The INO.com Team

I'm confident that there are thousands of blog lurking gold bugs who are going to want to comment on this article from Mark Leibovit of VRGoldLetter.com. Mark hits on a number of issues, which include a possible conspiracy theory. Mark will be on PBS tonight talking about Gold, and if you visit VRGoldLetter.com, be sure and use the promo code "INO" for a discount.

But more importantly read the piece below and let the comments fly! It's time for all of those blog lurkers to make their thoughts and opinions known!

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In the short term, the precious metals, especially Gold, are trading counter to the stock market, but we have also seen precious metals rally along with stock market during the 2003 and 2008 bull cycle.  Regardless, in the long-term, precious metals should rally because of currency debasement and the resulting inflation which follows.  I have recently inaugurated the VR Gold Letter (which covers most other metals as well) to focus on the unique opportunity ahead in the natural resource arena.

Continue reading "Gold Conspiracy" →

Stocks Holding Onto Strong Gains In Late Morning Trading - U.S. Commentary

Posted on by lindsay

(RTTNews) - Stocks have shown a strong upward move over the course of the trading day on Friday, with the major averages adding to the gains posted in the previous session. The strength in the markets comes on the heels of some better than expected economic news.

Before the start of trading, the Commerce Department released a report showing a smaller than expected decrease in durable goods orders in the month of March, although the report also showed a downward revision to the increase in orders seen in February.

While a separate Commerce Department report showed a modest decrease in new home sales in the month of March, the annual rate of new home sales came in well above economist estimates due to an upward revision to February sales.

The upward move reflects significant strength that has emerged in a variety of sectors, with gold, networking, oil service, and housing stocks turning in some of the best performances. On the other hand, brokerage, railroad, and computer hardware stocks are bucking the uptrend.

The major averages have moved roughly sideways in recent trading, hovering near their best levels of the day. The Dow is currently up 93.18 at 8,050.24, the Nasdaq is up 27.68 at 1,679.89 and the S&P 500 is up 10.44 at 862.36.

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