Do you have a Forex trading plan?

Posted on by The INO.com Team

The most important structural part of a house is usually unseen. If the foundation of a house is cracked, not level, or deteriorating, the home is no longer safe. The family living inside is at danger and the first priority of the owner should be to get the foundation fixed.

Many have a vague plan for Investing, but do not have a solid, non-negotiable trading system in place. Your trading system covers everything from your tools and entry strategy to your risk management. It answers every question before it needs to be asked.

In Forex trading, the market can be brutal. It is commonly stated that 95 or more percent of traders lose in the Forex Market which speaks to the difficulty of trading it. That is why it is essential to build a personal and successful Forex Trading System.

There are many aspects to a successful system, but today I want to focus the importance of Trade Management.

Before I jump into the details, though, I want to hit on the importance of a good entry strategy so that you have something to use your Trade Management with. Continue reading "Do you have a Forex trading plan?" →

Surprise Apple's iPhone 5 isn't selling so well after all

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 14th of January.

The so-called surprise that Apple is not selling as many iPhone 5's as it first expected, is no surprise to MarketClub members. Our first clue that Apple wasn't shiny and selling as many iPhones as everyone first thought came in October, over three months ago!! Our weekly Trade Triangle flashed an exit signal for Apple on 10/02/12 at $656.00. A major sell or short signal was given for Apple exactly one month later on 11/02/12 at $587.70.

Presently our Trade Triangle technology indicates that a short position in Apple stock is in order.

Remember the Amazon/Walmart trade we talked about last week? That trade is a spread trade to be long Amazon, while at the same time shorting a similar dollar amount of Walmart stock. What you are looking for in this trade is for the relationship between the two stocks to broaden, percentage wise, in favor of the long position. That could mean that Amazon keeps going up or it could mean that Walmart continues to erode, either way you'll make money if the stocks continue to diverge. This trade, or "hedge" trade as I like to call it, picked up 4% last week. This was far more than the general market did in any of the sectors. We still see this trade working as more and more of the middle class will be shopping online and not in brick and mortar stores, except for their food supplies. Continue reading "Surprise Apple's iPhone 5 isn't selling so well after all" →

Today's Video Update: Apple extends decline

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 15th of January.

Apple has fallen as low as $483.95 today, that makes it 3 days in a row . The last time AAPL closed below $500 was on 02/15/2012. Apple slumped 3.6 percent Monday on concern that demand for its iPhone 5 is slowing. Will Apple beat earnings next week?

Stocks have dropped Tuesday despite a report that retail sales increased in December. Consumers bought more autos, furniture and clothing, despite worries about potential tax increases. Sales rose 0.5 percent in December from November, slightly better than November's 0.4 percent increase and the best showing since September, the Commerce Department said Tuesday. Continue reading "Today's Video Update: Apple extends decline" →

Stocks Slide Into Negative Territory In Early Trading

Posted on by The INO.com Team

Stocks have moved mostly lower in early trading on Tuesday despite the release of an upbeat report on U.S. retail sales. The major averages have all moved to the downside after ending the previous session on opposite sides of the unchanged line.

The major averages have climbed off their lows for the young session but remain in the red. The Dow is down 28.07 points or 0.2 percent at 13,479.25, the Nasdaq is down 20.75 points or 0.7 percent at 3,096.75 and the S&P 500 is down 4.76 points or 0.3 percent at 1,465.92.

The weakness on Wall Street comes as worries about renewed gridlock in Washington regarding the debt ceiling has overshadowed a Commerce Department report showing stronger than expected retail sales growth.

The report showed that retail sales rose by 0.5 percent in December following a revised 0.4 percent increase in November. Economists had expected sales to edge up by 0.2 percent compared to the 0.3 percent growth originally reported for the previous month. Continue reading "Stocks Slide Into Negative Territory In Early Trading" →