Forex Robots: The Good, The Bad and The Ugly! Part 1
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…
Short term pops…how do we play them?
We’re often asked at MarketClub just how to play short-term pops. Regardless if you are looking at stocks, futures, or the forex market, it’s always the same for us in the office and thousands of MarketClub members… MarketClub Alerts.
Today I have a brand new video that looks deeper into the MarketClub Alerts and a couple of Swine Flu moves that MarketClub members really nailed! I also look into the Pork Bellies recent action, and a non-Swine Flu stock that recently made a nice move that the Alerts kept me on the right side of!
You see, no matter what happens, what methods you use, or what markets you trade, the following is always true: If you’re the first to know, you’re the first to profit!
This applies to our trading strategy, MarketClub Alerts, and the steps we need to take to capture profits and stay on the winning side of those short-term moves.
Please enjoy the video on two Swine Flu plays, a non-Swine Flu pop, and the Pork Bellies! As always its with our compliments.
All comments are welcome and you will need the latest Flash Player to enjoy the video.
The Zen of Wave Trading
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.
The Day the Whole World Flashed Red
Today I’d like to introduce Andrew Sizemore and Ben Brinneman from CSquaredTrading.com and reflect on a day that will live in infamy with them…and millions of Americans and traders. They also touch on how the markets changed, and what experts did (and still do) to prosper! Please enjoy the article, reflect where you were the ‘world flashed red’, and comment with your thoughts on the article.
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On any given day when the markets are open for business, if you walk into the office of any professional trader, you will see him seated comfortably at his desk chair, a tall mug of coffee within easy reach, with his eyes riveted unwaveringly and his focus firmly fixed upon the semi-circle of computer monitors spread out before him. Glancing at those multiple monitors, you will see a proliferation of ever-changing multi-colored streaming charts, a constant flow of real-time financial news from various news-sources, and ten or twelve categories of ever-shifting streaming data on dozens or hundreds of stocks, options, ETFs, indexes or currencies — thousands upon thousands of constantly-changing numbers, flashing RED GREEN RED GREEN RED GREEN RED GREEN.
We Interview George Dagnino
Dr. George Dagnino, former Chief Economist and Risk Manager for Goodyear, managed $4 billion in interest rates and currency hedge portfolios.
Gold Conspiracy
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.
Stocks Holding Onto Strong Gains In Late Morning Trading – U.S. Commentary
(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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How To Scalp The Forex Without Getting Burned
It seems the latest and greatest trend for people is Forex, and the more I research the more I hear and learn about scalping. I’m no expert by any stretch of the imagination, but Jason Fielder from TriadFormula.com seems to have the lowdown on how to do it…and how to do it right! I’ve asked him to come and break some of his methods down for us so we can continue to diversify and stay profitable! As always the comments are open and Jason is looking forward to answering any and all questions.
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If you are currently scalping FX markets (or are planning to), there are certain universal rules that you simply need to know to survive. Beyond these rules exist another level of knowledge that very few traders possess…
Scalping the Forex market brings certain challenges that you don’t have when trading on larger time frames. For example, if you are trying to take 100+ pips out of the market with a spread of 2 pips, the cost of this trade is only 2% of the total. Now, if you are scalping for 10 – 15 pips with a 2 pip spread, the cost of this trade is as high as 20%.
How To Buy A Stock For A 15-20% Discount
Let’s face it, we’re ALL looking for discounts. I don’t care if you’re rich, poor, hurt by the economy, or not…everyone loves a discount. And since this is a site that focuses on trading/investing, what better then to learn about how to get a discount for a stock! To help us learn the art of the discount, I’ve asked Phil Davis from PhilStockWorld.com to come and enlighten us. Enjoy the article and tell us where you’ve found great discounts!
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If this market hasn’t convinced you that buy and hold is a gamble – I don’t know what will.
Holding any stock for more than a day has been a sure recipe for heartache (sometimes just an hour will do it) but it’s possible to regularly get much better prices than the ones paid by the average retail investor using a very basic option strategy. This strategy, which we call a “buy/write” – buying the stock and writing options against it – is one of our most effective tools for dealing with a choppy market.
There are, of course, many, many stocks trading near multi-year lows and it’s still important to select ones that have strong underlying fundamentals that we actually don’t mind holding long-term but, as long as you’re willing to own 200 shares of a stock, this system can reliably give you a 10-20% discount off the current market price. It’s simple, easy to follow and is ideal for trading in a volatile market.
Bigger Fish to Fry… Finding High Probability Trading Opportunities Within Classic Technical Patterns.
My last visit to New York proved to be a very fruitful one as I had the opportunity to attend the Trader’s Expo, and more importantly, I got a chance to sit down with Bo Yoder from BoYoder.com. I’ve known of Bo when I first started here at INO, but he took time out and refocused on some top projects that meant a lot to him. He’s back now and I’m excited to introduce you to him, his site, and the article below. Please enjoy the article and comment below so you can make Bo feel welcome!
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As the markets fight for a bottom, there is a new wave of interest in the world of active trading and self-directed investing. These new traders have so many wonderful tools available to help guide them and accelerate their learning curve. Archives such as those offered by INO.com have all the information needed to build a solid background as a technically focused trader.
However, many beginning traders fail to understand that technical analysis at its root is the science of interpreting order flow. Let’s look at one of the most fundamental technical analysis price patterns… the double bottom.
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