This is your final trading lesson in " The 7 Secrets to Successful Trading" series:
Every success in the future.
Adam Hewison
President, INO.com
Co-creator, MarketClub
7 Secrets to Successful Trading
What Is Correlation Trading And Why Is It So Powerful?
We've spoke and taught about correlation trading before here on the Trader's Blog, but today I've asked Jason Fielder (a multi-time guest blogger) to give us his insight on correlation trading. The below article is an excellent read and I HIGHLY recommend taking a few notes so you don't miss anything. Jason has told me that he will be responding to all comments and questions you post below. Also, he wanted me to give you a heads up about his new Correlation Cheat Sheets...so check that out if you have some time...but read the article first!
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Correlation Trading is a style of trading that is gaining momentum between traders “In the know”. In fact, the momentum is so strong, Correlation Trading is the cover of this month's Futures Magazine!
As soon as you understand this methodology, not only you will understand WHY it's so powerful, you'll immediately want to get your hands on a few correlation strategies. Correlation trading is all about discovering a way to see what I call “cracks” in the market.
Now for the really interesting part...
Continue reading "What Is Correlation Trading And Why Is It So Powerful?"
From Gambling to Trading: Mindset Shifts That Help You Win
Today we welcome Les Schwartz of DecisionBar Trading Software to the Trader's Blog. Les shares his thoughts on why many gamblers become traders and how those types of traders can shift their trading psychology to make more profitable moves in the market place.
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Having been an active trader for 20-plus years, I’ve had the opportunity to observe much more than your average investor.
For instance, one of the unusual things I’ve observed is that many traders come from a gambling background, and horse betting in particular. In fact, many years ago I worked at a race track and placed a few bets myself.
Why do horse betters frequently gravitate toward trading?
I think it’s because there are certain aspects of trading that are more predictable than horse betting. A stock or an option or a currency pair can’t break a leg or unexpectedly fall ill.
Plus, very few guys who play the horses make a full-time living at it. But there are many, many traders who enjoy a healthy part-time income – or even make a full-time living – from trading.
Continue reading "From Gambling to Trading: Mindset Shifts That Help You Win"
Big Milestone in the Markets
The euro for the first time since last August broke through the psychological barrier of 1.5000. This move confirms our belief that the dollar is headed lower - a lot lower. If you take a look at our latest video, you will see some of the target zones we are projecting for the dollar.
I also strongly recommend that you should watch this Euro/Dollar video that we made back on September 25th to see how back then the market dovetails with todays actions and how we derived the cyclic predictions we forecast for the dollar.
As always, our videos are free to watch and there is no registration required.
Adam Hewison
President, INO.com
Co-founder, MarketClub
What A Great Day For The Perfect Portfolio
Well, it was quite a day for The Perfect Portfolio. Three of the four markets we shared with you in our earlier video, The Perfect Portfolio (you can watch it here), scored impressive gains.
In today's action we saw the dollar go down (we are long in the ETF FXE +.48), we saw crude oil jump dramatically (we are long in the ETF USO +. 94), we watched gold reverse and move higher for the day (we are long the ETF GLD +.31), and finally we saw the S&P 500 move lower (we are long in the ETF SPY -.97).
All in all, a great day for The Perfect Portfolio. If you missed our perfect portfolio video, I strongly recommend that you take a look at it. I believe no matter what economic conditions we go through in th next 36 months that this portfolio will protect and grow your capital.
The video is free to watch and there are no registration requirements. We hope to hear from you on our blog.
Enjoy the video, all the best.
Adam Hewison
President, INO.com
Co-founder, MarketClub
